For a sample of 215 companies that have so far declared October-December results, revenue grew by 11.2%, while net profit rose by 14.2%. In the year-ago quarter, revenue expansion was 19% and profit growth stood at 6.5%.
Despite muted earnings in the previous quarter and little expectations of major recovery in the next quarter, what is driving the rally in tech stocks? The answer lies in FY25, on which everyone is pinning their hopes.
Fitch Ratings presents an optimistic outlook for India s banking sector in 2024, highlighting the country s substantial improvement in 2023. The agency praises India s banking sector resilience and potential. The banking, financial services, and insurance (BFSI) sector in India is integral to the country s economic growth, offering abundant growth opportunities. The BFSI sector boasts financial health and stability, with regulatory safeguards in place.
Market leader Tata Consultancy Services (TCS), with a market value in the vicinity of Rs 14 lakh crore, indicated a recovery in BFSI orders in the Q4 quarter. Brokerages also said Infosys financial services performance was better than anticipated.