Indian Companies by Market Capitalisation, Net Sales, and Net Profit Show Growth Despite the Pandemic
Despite the economic downturn caused by the pandemic, Indian companies have been showing impressive growth in terms of market capitalisation, net sales, and net profit. Here’s a breakdown of the top-performing sectors as per Screen Crit:
Automobiles: The automobile sector has been on a roll with the rise in demand for personal vehicles as people avoid public transport. Companies like Maruti Suzuki, Tata Motors, and Mahindra & Mahindra have seen an increase in their net sales and net profit.
Banking: The banking sector has been performing well due to the increase in interest rates and loans. HDFC Bank and ICICI Bank have seen a rise in their market capitalisation and net profit.
IT services: The IT services sector has been growing due to the rise in demand for digital services during the pandemic. Companies like TCS, Infosys, and Wipro have shown an increase in their market capitalisation and net profit.
Pharmaceuticals: The pharmaceutical sector has been an essential industry during the pandemic, and companies like Sun Pharma and Dr. Reddy’s have seen a rise in their net sales and net profit.
Telecommunications: The telecommunication sector has been growing due to the rise in demand for internet services during the pandemic. Companies like Reliance Industries and Bharti Airtel have seen a rise in their market capitalisation and net profit.
Other industries like cement, consumer goods, and oil and gas have also shown growth in their net sales and net profit. However, some sectors like aviation and hospitality have been hit hard due to the pandemic.
Overall, Indian companies have shown resilience during the pandemic, and the nation’s economy is expected to grow in the coming years.
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