Mint Quick Edit | India Inc’s June quarter results sprang a pleasant surprise: will stocks rise too?
For Nifty 50 companies, profits grew 18% year-on-year, the highest in 10 quarters, according to Motilal Oswal, while mid- and small-cap companies posted even better numbers. As many as 19 sectors beat projections, although fuel retailers were under pressure. The brokerage described the quarter as “picture perfect.”
