In the healthcare segment, Vicks is the leader however, there are several other players in this category which will restrict its growth to 12-13 per cent.
Companies that catered to the domestic economy bettered market expectations for Q4 in contrast to export-dependent constituents.
Results declared by most Nifty companies have been either much better or worse than expected, resulting in their stock prices making sharp moves on results day.
FY17 is expected to be supportive of its performance as most of the company’s capacity expansion is done and it will become free-cash flow positive, after several years.
Despite an estimate-busting March quarter numbers and a positive management outlook for the current fiscal, the stock closed a measly 0.2% higher from its previous close.
The government raised the service tax from 12.3 per cent in April 2015 to 14 per cent in May 2015. It's further set to rise to 15 per cent from June onwards.
Westlife was reporting negative same-store sales growth since the beginning of FY14. It turned positive to 1.7% in June FY16 quarter to 3.1% in September.
IG Petro, which is yet to announce its quarterly results, is a larger player and has shown more stability in its earnings.
Once much-talked about, these companies lost sheen after the sharp fall in gold price, the collateral against which these companies lend.
Metal stocks, which were the leaders of the recent rally primarily driven by the rise in the global commodity prices, have started to underperform.
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