"The weaker-than-expected 2QFY25 results, coupled with weak management commentary and guidance in the consumption-oriented sectors, have resulted in modest earnings downgrades in Nifty 50 index stocks, as well as the broader consumption basket," noted Sanjeev Prasad, Anindya Bhowmik, and Sunita Baldawa, equity strategists at Kotak Institutional Equities, in a report dated October 27.
"As a result, we currently expect 5 per cent and 17 per cent growth in net profits of the Nifty 50 index in FY25 and FY26 (respectively).
Denne historien er fra October 30, 2024-utgaven av Business Standard.
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Denne historien er fra October 30, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Trade deficit widens to nearly $23 billion in Jan as exports shrink
India's merchandise trade deficit widened to nearly $23 billion in January, compared with $16.5 billion a year earlier, as the value of exports dropped amid subdued demand for petroleum products and global economic uncertainties.
Embedding Sustainability in Organisational DNA
> K Vijay Vardhan Rao, Senior President Marketing, Maha Cement, highlights the unique steps taken to weave sustainability into the brand fabric
A Case Of Kilos
Global pharma majors are looking to cash in on India's obesity crisis, but weight-loss drugs demand time and money
Reviving manufacturing growth
Ensuring manufacturing growth consistent with our development aims requires the government becoming less entrepreneurial and the corporations becoming much more entrepreneurial
New skilling policy to focus on tapping global demand
A New Chapter
Yamuna cleanup, air quality boost may top Day 1 agenda
The first meeting of Delhi's council of ministers is expected to approve key initiatives, including cleaning and beautifying the Yamuna river, expediting stalled infrastructure projects, enhancing forest cover and air quality, approving a ₹2,500 monthly allowance for women, and implementing the Ayushman Bharat scheme.
More Misses Than Hits for India Inc
Q3 earnings upgrade-to-downgrade ratio worst in 22 quarters: MOFSL
Odisha CM Presents Budget with Focus on Agri
Odisha Chief Minister Mohan Charan Majhi on Monday presented a ₹2.90 trillion state Budget for FY26 with a focus on agriculture and irrigation.
India Hopeful US Will Address Tariff Concerns
India is hopeful that the US will \"take care\" of its concerns regarding additional import levies on steel and aluminum, and the proposed reciprocal tariffs during the bilateral trade agreement (BTA) discussions that are expected to begin in the next few weeks.
10% of orders placed through quick food delivery service
The ongoing conflict between food aggregators and restaurants has reignited the call for a third alternative. In an interview in Gurugram with Udisha Srivastav, ANSHOO SHARMA, cofounder and chief executive officer, Magicpin, discusses how the platform is positioning itself as that alternative with restaurant backing. He also gives insights on Magicpin's expansion and ONDC (open network for digital commerce) integration. Edited excerpts
