Consumer businesses come to the rescue of large conglomerates in the midst of a meltdown in commodities. Markets also rewarded standalone companies in pharma, software and FMCG sectors
Analysts do not seem to be expecting a qualitative growth or a volume-led growth
Combined net profit estimated to grow 14.6% year-on-year, against a 5.7% decline in the Dec 2015 quarter
In the last three years, the rally on Dalal was driven by higher P/E multiples