Nifty 50 Companies: Nifty50 cos likely to report double-digit revenue, profit growth for Q3
Synopsis
Hemang Jani, equities head at Motilal Oswal Financial Services, expects banking and finance, and automobile companies to drive the growth momentum for the December quarter
ET Intelligence Group: The Nifty 50 companies are expected to report a year-on-year double- digit revenue and net profit growth for the December 2022 quarter at the aggregate level following stellar show by banking and finance companies, telecom and select automakers, fast moving consumer goods (FMCG) and capital goods companies. While operating profit margin may continue to show weakness on a year-on-year basis, a sequential recovery cannot be
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