The stock market has been experiencing a continuous decline recently. Both the Sensex and Nifty have dropped by almost 4.5% in the past month. With the June quarter results of companies being revealed, it seems to be adding to the worries of investors about a possible further downturn in the market. Manikontrol has analyzed the June quarter results and figures of around 1,335 companies, showing that Indian companies saw an average 8.3% increase in net profit on a pure annual basis, which is the slowest pace since December 2023. Meanwhile, there was a 11% decrease in profits on a quarterly basis, the largest quarterly decline since September 2022.
