India Stock Market Strategy: Nifty 500 Sees Broad-Based Growth Amid Challenges Says Motilal Oswal— Read Report

Earnings of the Nifty-500 universe grew 12% YoY for H1 FY26. Excluding financials, the earnings grew 16% YoY, while ex-metals and oil and gas the earnings rose 8% YoY. The large-/mid-/small-cap earnings increased 9%/23%/19% in H1 FY26..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Motilal Oswal Report.Nifty-500 delivered a healthy double-digit earnings growth in Q2 FY26, the highest in five quarters, despite geopolitical headwinds and weak consumption trends. Aggregate earnings of the Nifty-500 Universe grew 15% YoY. Excluding-financials, the reported aggregate earnings jumped 20% YoY. Ex-metals and oil and gas, the aggregate earnings grew 9% YoY.Aggregate sales/Ebitda/adjusted profit after tax of Nifty-500 companies grew 8%/12%/15% YoY to ~Rs 35 tonne/Rs 8 tonne/Rs 4 tonne in Q2 FY26. Corporate earnings in Q2 FY26 were resonably driven by broad-based growth, with significant contributions from key sectors such as O&G (+59% YoY growth), NBFC (21% YoY), Metals (+18% YoY), Cement (+211% YoY), Capital Goods (30% YoY), Telecom (loss-to-profit), Retail (32% YoY), and Real Estate (22% YoY). Chemicals (+35% YoY) and Consumer Durables (+45% YoY) recorded strong growth on a soft base. Meanwhile, Technology (+8% YoY), Healthcare (+9% YoY), PSBs (+3% YoY), Consumer (+5% YoY), and Utilities (flat YoY) witnessed muted earnings growth. In contrast, Automobile (-16% YoY), Pvt. Banks (-3% YoY), and Media (-10% YoY) hurt overall earnings growth..Click on the attachment to read the full report:.Adani Energy Rated 'Buy' By IDBI Capital On Coverage Initiation, Sees 17% Upside — Check Details.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

India Stock Market Strategy: Nifty 500 Sees Broad-Based Growth Amid Challenges Says Motilal Oswal— Read Report

The Q2 earnings performance of the Nifty-500 was fueled by mid- and small-cap companies.

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