Indian Industries strong results in the October-December actually tell only half the story. True demand has picked up in the Economy but last year poor showing is equally responsible for the stellar figures.
Free Live NSE Tips
The low base effect growth in a quarter is computed relative to figures for the same period in the previous year has ensured that the year on year growth numbers look good. In fact revenues and profits of the 145 companies in the list of BSE 500 that had announced their results by Friday grew 23 percent and 45 percent respectively over last years third quarter. Among the big players Larsen & Toubro ICICI bank and Infosys came out with weak results while Reliance Industries ONGC, Hindustan Zinc and Bajaj Auto came out with strong numbers.
Related Pages :
