Subdued festivities

Inflation and interest cost constrain growth

Editorial  Is unshackled China negative? For the next year or so, China looks better placed than India. Beyond that, India’s prospects are superior	Cover Story  Q3 of FY 2023 Mixed show Sharp rise in banking profit compensates for the crash in commodity profit. Price growth continues to drive sales, but no...
Sector  Banking RoA above 1% With slippages and credit cost to remain under control, focus shifts to margins and loan growth	Sector  Automobiles Growth continues Budget 2023 promise wider adoption of EVs and encourage local manufacturing
Sector  Capital Goods Execution to pick up pace Healthy OB to boost execution in an empirically strong fourth quarter	Sector  Cement Volume growth intact New capacity addition to prevent sharp price increases
Sector  FMCG Rural slump bottoming Visible shift towards affordable and smaller packs in both urban and rural	Sector  Paints Volume turns flat Increased competition to limit growth in the bottom line
Sector  Oil Refineries Higher GRMs Outlook improves as crude prices undergo correction	Sector  Software Supply eases Cost take out and vendor consolidation opportunities to drive growth
Sector  Steel Gaining strength Prices to improve on underlying demand and cost-push factors	Market watch  Market Report Rate-tightening overhang Central banks’ continuing fight against sticky core inflation and rising geo-political tensions spook equities
Corporate Scoreboard  All important financial and market data of 2000 companies, on consolidated-first priority basis, classified under leading sectors.	Bulletin  Corporate action by companies
Archives of Ideas  Archive of interesting ideas, with new ideas added every fortnight.	Stock Watch Idea  An interesting idea worth tracking.
Market watch  Market Report Rate-tightening overhang Central banks’ continuing fight against sticky core inflation and rising geo-political tensions spook equities	Capitaline Corner  Spotlight on our choicest idea.