The benchmark equity indices have shed around 3% since the beginning of the month, partly because of poor corporate performance in the current financial year.
Going by the trend, there seems to be no redemption for the corporate sector as far as second quarter results are concerned. A Crisil report suggests that revenue growth in the September quarter could be lowest in the past 16 quarters.
An analysis by rating agency Crisil says that India Inc is estimated to have clocked a slower revenue growth of 5-7% on-year for the three months ended September, marking the slowest pace in the past 16 quarters.
Denne historien er fra October 25, 2024-utgaven av The New Indian Express.
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Denne historien er fra October 25, 2024-utgaven av The New Indian Express.
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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