Cyclicals to drive Q4 earnings growth
Financial Express Mumbai|April 15, 2024
CAPITAL MARKETS SIGNED off the previous fiscal with stellar 29%, 60% and 70% returns for the Nifty, Nifty Midcap 100 and Nifty Smallcap 100, respectively. India's market cap reached $4.4 trillion, making it the fifth largest in the world.

The Nifty-50 delivered a 26% earnings growth in 9MFY24.

High-frequency data (GST collections, auto monthly numbers, power demand, PMI data, etc.) indicate that the earnings momentum will sustain. The sectors that had underperformed on the earnings front for the past several years, like automobiles, real estate, capital goods, infra, industrials, utilities, hotels, and PSUs, also made a strong comeback in FY24.The pick-up in government capex continues to boost sectors such as railways, defence, capital goods and utilities.

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Diese Geschichte stammt aus der April 15, 2024-Ausgabe von Financial Express Mumbai.

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