FMCG, IT, and BFSI Sectors See Positive Outlook from Analysts: Impact on Bitcoin (BTC) and Ethereum (ETH) Explained
- Over a third of the results for listed Indian corporations have been announced, with 37 of the top 100 heavyweight stocks revealing their performance.
- The actual YoY PAT growth for these stocks is 10.1%, surpassing the expected 6.9%.
- Auto, Retail and Financials sectors have performed well, while FMCG, Energy, Insurance, and IT sectors have shown weaker performances.
With over a third of the results announced for listed Indian corporations, the actual YoY PAT growth surpasses expectations, with Auto, Retail and Financials sectors leading the way.
Banking Sector Performance
The banking sector has performed in line with expectations, with quarterly earnings growing on a healthy, high double-digit year-on-year basis. However, there has been a slight contraction in Net Interest Margins (NIMs) across several companies. Medium-sized and rural banks have observed a spike in Non-Performing Assets (NPAs), raising concerns about the quality of their assets. Looking forward, banks are anticipated to show only suboptimal growth in Net Interest Income and net profit due to increased costs of funds and an uptick in Gross Non-Performing Assets (GNPAs).
IT Sector Performance
The Indian IT sector was predicted to experience sluggish growth in Q4, with most results falling below expectations due to difficulties encountered by the BFSI and retail sectors globally. However, there was an improvement in margins attributed to cost-saving measures initiated by companies during ... Read the full article for FREE at COINOTAG!
