Blue-chip struggles: Nifty 50 growth slows in Q1FY25 amid oil, metal, and paint sector woes

The April-June 2024 quarter was a challenging one for blue-chip companies. The combined net profit of the Nifty 50 constituents grew at its slowest pace since December 2022 due to the underperformance of some oil & gas, metal, and paint companies. Analysts predict that the situation will persist in the near term, despite maintaining a positive outlook on India’s economy. Here’s a look at India Inc.’s performance in Q1FY25.

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