Riding on strong Q4 nos, over 50 BSE500 shares return in double-digits during June qtr

However, with demand showing signs of a slowdown in the consumption space, high rural distress, ongoing NBFC crisis and below normal monsoon could hit earnings growth of India Inc. in June and September quarters

Earnings are vital from an investor's point of view, and more often than not, the market rewards those companies that post robust quarterly results.

The first quarter of FY20 was no different during which more than 50 BSE500 stocks returned in double-digits driven by the respective companies' strong performance in the preceding quarter.

They include DCM Shriram, HDFC AMC, SpiceJet, SBI Life Insurance, HDFC Life, Bajaj Finserv, Bajaj Finance, AU Small Finance, Shree Cements and PNC Infratech, among others.

These stocks surged 10-35 percent in the April-June period on their companies' positive quarter-on-quarter (QoQ) profit during the March quarter, data from AceEquity showed. In the same period, Sensex rose just about 2 percent.

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