AN ANALYSIS OF FINANCIAL PERFORMANCE OF SELECT INDIAN INDUSTRY SECTORS BEFORE AND AFTER COVID 19

Abstract

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.