Why are Indian stock market indices holding firm despite bear gloom? Zerodha’s Nithin Kamath decodes

Aggregate revenues for companies have grown 8.2% YoY, while EBITDA and profit after tax (PAT) are up 14.1% and 16.0%, respectively. Excluding financial services, profit growth accelerates to 22.5%, driven largely by margin expansion rather than pure volume growth, according to IndiaDataHub.

Nov 17, 2025 - 12:00
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Why are Indian stock market indices holding firm despite bear gloom? Zerodha’s Nithin Kamath decodes
Aggregate revenues for companies have grown 8.2% YoY, while EBITDA and profit after tax (PAT) are up 14.1% and 16.0%, respectively. Excluding financial services, profit growth accelerates to 22.5%, driven largely by margin expansion rather than pure volume growth, according to IndiaDataHub.

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