India Inc. Surprises With 17% Q1 Growth, Stocks to Watch
Motilal Oswal Financial Services analysts have identified top-performing stocks in India Inc. following Q1FY27 results, which exceeded expectations.
Despite initial predictions of a 10% decline in profits, earnings rose by 2%, with oil marketing companies excluded from the calculation, this figure jumps to 17% growth.
Sun Pharma led the charge, posting profits that beat estimates due to strong other income and a global specialty portfolio growing at 13% annually. Analysts remain bullish on Sun Pharma's prospects, expecting double-digit profit growth over the next two years.
Maruti Suzuki's profits dipped by 11%, but analysts expect a recovery in the coming months with two upcoming price hikes and cooling commodity costs set to repair margins.