Companies with high ROEs could make for better bets https://ift.tt/i8lAEFR investors brace for earnings downgrades over the next few quarters, the focus is likely to be on companies with stronger profitability track record. Out of the top 1,000 Indian stocks by market capitalisation, 26 have posted a return on equity (ROE) - a measure of companies' use of shareholder money - of more than 25% each in the last five years.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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