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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.
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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.
Bu hikaye Financial Express Mumbai dergisinin April 15, 2024 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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FM set to line up reform blitz
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Embassy enters Mumbai realty mkt
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AI anxiety grips millennials, Gen Z
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Jute Commissioner tightens raw jute stock limits
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Rethink amid fragmented supply chains
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Lodha to invest ₹1L cr more in Maha
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