Economic TimesLean R·
Strong earnings propel mid- and small-cap stocks to a significant rally on D-St
Mumbai: Mid- and small-cap companies delivered strong earnings performance in the June quarter, posting their sharpest revenue growth in 16 quarters, shrugging off the impact of rising commodity prices, mainly oil, amid West Asia conflict.Of the sample of 113 companies in the Nifty MidCap 150 index, aggregate revenue in April-June climbed 20%, its biggest jump since June 2022, from the same period a year ago. Operating profit rose 27%, extending its streak of double-digit growth to 13 quarters,…
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