TCS, Infosys book one-time exceptional charges, while HDFC Bank absorbs higher wage costs directly into quarterly P&L
The category saw a reversal of fortune in 2025 amid a broadbased selloff. Krishna Kant & Ram Prasad Sahu analyse the ones to watch out for in 2026
BSE Sensex EPS growth slows to 1.3%, the weakest in five years, highlighting a sharp earnings slowdown even as valuations stay elevated
IT firms, RIL slow profit growth; banks biggest laggards in revenue
Retail, oil & gas divisions remain laggards
A stalled index masked stock-level swings across sectors. Krishna Kant & Ram Prasad Sahu identify the biggest movers of 2025
Earnings likely grew at slowest pace in 6 quarters
Electronics and solar demands reshape the precious metals trade
India's billionaire promoters lose ground as equity market weakness and rupee depreciation drag wealth growth below the pace of the country's fast-expanding GDP
Over four decades, traditional players have ceded significant ground to state-run enterprises and new, institutionally owned businesses that now drive market growth
It has beat gold and traditional savings, delivering a consistent winning streak while creating significant wealth for ordinary people who held their investments through decades of economic growth
All three Bharti group companies out-performed in CY25 but the biggest gains came from their flagship Bharti Airtel
But a robust IPO market leads to emergence of 9 new promoter billionaires
Some stocks that rallied last year have been among the biggest laggards of 2025, while many underperformers have emerged as winners
Retail NBFCs like Bajaj Finance, Muthoot and Shriram Finance are expanding faster than banks, led by strong demand in gold loans, vehicles and housing finance, analysts say
The Herfindahl-Hirschman Index (HHI) in the sector is up by 1800 points in the last decade to record high of 4500 in FY25
Mid and small-cap companies delivered their fastest earnings growth in seven quarters, lifting their share of India Inc's profits even as Nifty 50 firms saw a slowdown
Analysts attribute the relative slowdown among private-sector banks partly to specific events, notably the merger between HDFC Bank and HDFC
Their sales uptick least in 17 quarters
Other key sectors such as IT Services, FMCG, Banking and Power however continue to struggle with low single digit growth in revenues and earnings