India Inc. delivers half-year results with respect once again, the markets are in upbeat mood

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When the Sensex started a downward slide from nearly 13,000 points earlier this year, India Inc. came under severe pressure, owing to both depleting valuations as well as dented investor confidence. The bear factor threatened to jeopardise the much-hyped growth plans of Indian companies. However, by ending the first half of financial year 2006-07 with a rocking financial performance, Indian companies have hit back just the way they were expected to. And the bulls are back, as the Sensex has crossed 13,000 points on October 30, 2006. Just like the stock markets, the Indian economy also looks incredible with a quarterly GDP growth rate of 8.9%.

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Source : IIPM Editorial, 2006

An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative

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