Nifty 50 firms likely to post a growth of just 6.7% in Oct-Dec bottom line

Nifty 50 firms likely to post a growth of just 6.7% in Oct-Dec bottom line

The Nifty 50 companies are expected to report moderation in top line growth for the third-quarter of FY 19 on account of slowing momentum in some sectors and a stronger growth base in the previous year’s corresponding quarter. The growth may be faster in the fourth-quarter as the benefit of lower raw material costs to manufacturing companies is expected to reflect fully by then.

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According to ETIG estimates, the aggregate revenue is likely to grow at an eight-quarter low of 7.5 per cent ye ..

Read more at:  economictimes.indiatimes.com