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.
This story is from the October 25, 2024 edition of The New Indian Express.
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This story is from the October 25, 2024 edition of The New Indian Express.
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