Q3FY23 Positive for the Markets

Armaan Madhani takes a look at the results of Q3FY23 in various sectors to see how the companies are faring on the financial front.

Even amidst volatility across the globe, India has retained a firm footing on the growth graph that has steadily been rising without any major hiccups. Armaan Madhani takes a look at the results of Q3FY23 in various sectors to see how the companies are faring on the financial front 

The Indian economy is presently in a sweet spot with the growth engine going full throttle. There is a very clear visibility of healthy potential demand for the future, which has provided confidence to large corporates to aggressively ramp up their capacities. With improving economic activities, moderation in inflation, softening commodity prices, easing supply chain issues and recovery in demand witnessed over the last few months, analysts and investors by and large expect the December quarter financial performance to be buoyant, which is expected to drive stock-specific action in the markets. Let us delve deeper to analyse the Q3FY23 earnings of companies that have declared their results.