Nifty 50: Pick Auto, Financials, IT, Oil & Gas Companies to Run the Show in Q1


Average cement price in India rose 5.7% year-on-year to INR 390 per 50 kg bag in the June 2022 quarter.

Synopsis

Total sample revenue is expected to rise 37.2% year-over-year for the June quarter, according to ETIG estimates. It will be the sixth consecutive quarter of double-digit growth. Net profit is likely to rise 43.6% on top of a sharp near-triple jump in the quarter a year ago due to a low base in the June 2020 quarter that was severely impacted by the first wave of Covid.

Mumbai: Nifty 50 companies are expected to report double-digit growth in total revenue and net profit in the June quarter on a year-on-year basis, led by select companies from sectors including automotive, banking and finance, IT and oil and gas. However, operating profitability may decrease due to input cost inflation. Analysts expect macroeconomic challenges, including cost inflation and a weakening rupee, to weigh on corporate performance going forward

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