Analysts at top brokerages raise FY21-FY23 estimates by 5-6%
Stocks of 18 of these 25 firms managed to outperform the S&P BSE Sensex on a year-to-date (YTD) basis
Gains largely from lower operating costs, higher product prices and a decline in banks' provisions
The earnings per share (EPS) for Nifty companies was Rs 416 in FY17.
Among the pack, mighty banks such as HDFC Bank and ICICI Bank are expected to outperform their peers, analysts say.
2020 has been one of the most challenging years as several businesses collapsed due to the global pandemic. As recovery takes root, many in India Inc expect a quick turnaround in demand cycle in 2021. As per a joint report by Bain & Company, Google and AWE Foundation, demand will be back to pre-lockdown levels in just three months from now.
Corporate profits rose 15 per cent to touch an all-time high in the September quarter
No amount was raised by way of rupee-denominated bonds (RDBs) or masala bonds during the month under reporting in 2020 and 2019
At current levels, markets are fair-valued, not overpriced, says Amit Khurana, head of equities at Dolat Capital
Those who have become heavily overweight on equities should do some profit booking. But cashing out altogether will be a mistake
Firms' operating margins soared to record high of 28.6 per cent
As regards the financial sector, analysts at Credit Suisse expect the management commentary on asset quality to turn more positive given a recent pick-up in collections
The Sep quarter earnings season has already kicked in with commodities conglomerate Vedanta posting a 23.5 per cent drop in profit as one of the world's strictest lockdowns hit production and demand
June indicates a change in trend from previous quarters in terms of how much companies are spending on employees
Analysts foresee the bank reporting sluggish business growth in Q1 on the back of Covid-19 induced nationwide lockdown
EBITDA tood at Rs 531.4 cror for the quarter under review, down 34.7 per cent, from Rs 813.4 crore of Q1FY20, and by 27.6 per from Rs 733.9 crore logged in Q4FY20
The provision of Rs 3,008 crore is held by the bank on Covid-19 related accounts as on June 30, 2020
The HFC's revenue from operations stood at Rs 13,017.68 crore for the quarter under review, compared Rs 12,990.29 crore earned in the previous year quarter
Some sectors like telecom, FMCG, select consumer durables, two-wheelers, IT, and select financials etc. are likely to recover faster, Jain said
Amid declining interest income and lower net profit sequentially, analysts see India's largest public sector bank's business growth to be modest in the recently concluded quarter