Covid-19 impacted the Indian industries as there were lock down restrictions, supply chain disruptions and other issues. The stock market which is an indicator of industry’s performance crashed when lockdown was announced. Financial performance of the companies got impacted and many of them are the process of recovery. A study was conducted to find the impact of Covid on the financial performance of three key industry sectors in India, namely, Healthcare, Automotive and Information Technology. The above analysis shows that 4 out of 5 Top companies in the Healthcare, Automotive and Information Technology sectors have recovered after Covid and have done well in their growth and profits. The IT industry stocks compared to other industries under study, have performed well post pandemic. The Automotive industry has also recovered but is not growing as compared to pre Covid era, the shortage of silicon chip can be a reason behind its slow growth. The healthcare industry improved drastically due to the need of medical attention needed in the country. The analysis shows that 4 out of 5 Top companies in the Healthcare, Automotive and Information Technology sectors have recovered after Covid and have done well in their growth and profits. KEY WORDS: Covid-19, Healthcare, Automotive, Information Technology, Profitability and growth.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.