India's Q3 Earnings Show Mixed Results Amid Labour Code Costs and Sectoral Demand Shifts

India's Q3 earnings season shows cautious stability with IT and banking sectors under close watch amid one-time cost impacts from new labour codes. Cable wire companies face strong demand and multiple price hikes driven by rising copper prices, though risks from inventory and cheaper alternatives persist. While some sectors like cement and NBFCs report growth and positive outlooks, others including IT and retail show muted profits. State-run firms and PSU banks attract investor interest ahead of the budget, reflecting expectations of policy support and disinvestment plans.