NSE 500 earnings – A Mixed Bag

 In Earning
  • Around 390 companies had reported the Q3 2019 earnings.
  • Among the 29 sectors Banking/Finance, Capital Goods, Construction materials, Pharma, Hospitality, Logistics, and Media had shown considerable improvement over YoY.
  • While rest were either flat or declined.
  • Banking/Finance witnessed a turnaround owing to decline in slippages and improving recoveries.
  • Capital Goods and Construction materials earnings improved owing to higher Government spending.
  • Pharma sector grew on the back of rupee depreciation, overseas market contribution in addition to a decline in regulatory alerts.
  • Improving tourism in the domestic market has lead to better performance by the hospitality segment.
  • Logistics sector has benefitted on the back of conferring of infrastructure status along with the introduction of GST.
  • Higher advertisement and subscription revenues had lead to improved earnings of Media sector.

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