Glimmer Of Hope
The first quarter results have been fairly robust. A revival seems round the corner.
For India Inc., the first quarter of 2018/19 is turning out to be exactly what the doctor ordered. It delivered what every investor had been hoping for years strong signs of an earnings revival. An analysis of 717 listed companies (excluding oil & gas and banking, financial services and insurance companies) whose first quarter data was available with database AceEquity throws up encouraging results. The sample registered year on year revenue growth of 10.8 per cent, the fastest in 16 quarters.
Harendra Kumar, Managing Director, Institutional Equities of Elara Capital, says the strong performance seen thus far in
