Expert Speak: Expect earnings growth at 16%-18% in FY26, stay invested, suggests Gopinath Natarajan of Geojit
1 month ago

Expert Speak: Expect earnings growth at 16%-18% in FY26, stay invested, suggests Gopinath Natarajan of Geojit

Live Mint  

Expert Speak: In a recent conversation with Mint, Gopinath Natarajan, CEO Asset Management at Geojit Financial Services, discussed the challenges of predicting when foreign portfolio investors will resume buying. He noted that with India's increasing share in emerging market indices and the recent correction making Indian markets more attractive, he believes India will continue to be a key focus for FPIs in their emerging market allocations. Natarajan also provided insights on earnings growth, the upcoming Reserve Bank of India monetary policy, potential IPOs, as well as sectors to consider and those to avoid. Some of the key reasons for India to have witnessed foreign institutional investor selling pressure over the last few months were uncertainty over the US elections, premium valuation of Indian markets, Chinese market stimulus & slowing earnings momentum. While it is difficult to predict when FPIs will start buying again, but with India’s growing EM index share & Indian markets now looking more attractive post the correction, we believe India will remain central to FPIs emerging market allocation.

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History of this topic

Weak earnings in near term won’t be a negative surprise for markets: Kotak Mahindra S'pore's Nitin Jain
5 days, 10 hours ago

Weak earnings in near term won’t be a negative surprise for markets: Kotak Mahindra S'pore's Nitin Jain

Live Mint  

On the flip side, any positive trigger will be lapped up by investors and could result in sharp upside moves, said Jain, chief executive officer at the asset manager. Yes, there were some challenges on economic growth and earnings in the September quarter; and we also had large selling by foreign investors in the last quarter. So, it's going to …

Mint Quick Edit | Equity bounce: The market’s path ahead is hazy
1 week, 1 day ago

Mint Quick Edit | Equity bounce: The market’s path ahead is hazy

Live Mint  

India’s equity market has got off to a promising start in 2025, with the BSE Sensex rising 2.3% in just the first two sessions of the year. Given the market’s recent weakness, optimists hope that the slide in prices over the past quarter has bottomed out. Though that’s still off its monthly mop-up peak of ₹2.1 trillion, a respectable year-end …

Improved earnings of Indian corporates set to drive returns in 2025: Report
Trending News
1 week, 1 day ago

Improved earnings of Indian corporates set to drive returns in 2025: Report

Live Mint  

New Delhi, January 2 : Indian corporates are expected to witness an improved earnings in upcoming quarter which will drive in retuns in the new year, stated the Mirae Asset Mutual Funds stated in its Annual Market Outlook 2025 report. However, the report highlighted that despite higher valuations at the start of the year, equities did well with mid and …

Indian Stock Market Faces Volatility in 2024, But Ends Strong
1 week, 3 days ago

Indian Stock Market Faces Volatility in 2024, But Ends Strong

Deccan Chronicle  

Mumbai:It was a rollercoaster ride for the Indian equity markets in 2024 with benchmark stock indices Sensex and Nifty making decent gains in the first half but losing in the second half of the year due to geopolitical tensions, FII outflows, change in the US government, lesser than anticipated rate cuts by the US Federal Reserve. The Sensex and Nifty …

Volatility could spike; Nifty 50 may hover near 28,000-29,000 in 2025, says Pankaj Pandey of ICICI Securities
1 week, 4 days ago

Volatility could spike; Nifty 50 may hover near 28,000-29,000 in 2025, says Pankaj Pandey of ICICI Securities

Live Mint  

Pankaj Pandey, the head of research at ICICI Securities, expects the Indian stock market to see high volatility next year. Given the recent fall, the return of the headline index Nifty 50 may be in the single digits, but the returns of midcap and smallcap indices are more than 20 per cent. So far in CY24, we have seen almost …

Indian stock markets: Navigating bullish trends, valuation risks, and what’s next in 2025
Trending News
1 week, 5 days ago

Indian stock markets: Navigating bullish trends, valuation risks, and what’s next in 2025

Live Mint  

The Indian stock market witnessed an eventful 2024. Liquidity and risks The primary driver behind the bullish 2024 market was robust liquidity, fuelled by retail investors and high-net-worth individuals through direct investments, mutual funds, portfolio management services, and family offices. Read this | 2024: A year of IPO boom as retail interest zooms The Nifty’s price-to-earnings ratio, a key indicator …

Outlook 2025: Cautiously optimistic on India stock market, Nifty 50 valuations suggest modest upside, says Dhiraj Relli
2 weeks ago

Outlook 2025: Cautiously optimistic on India stock market, Nifty 50 valuations suggest modest upside, says Dhiraj Relli

Live Mint  

The Indian stock market outlook for 2025 remains cautiously optimistic as the Nifty 50 valuations suggest modest upside potential, said Dhiraj Relli, MD & CEO at HDFC Securities. Foreign portfolio investors may find better return opportunities in other markets, particularly in light of the growth slowdown in India, which has reached a seven-quarter low. Currently, the Nifty 50 index is …

India’s stock market in 2025 and the growing appeal of US bonds
2 weeks, 2 days ago

India’s stock market in 2025 and the growing appeal of US bonds

Live Mint  

India’s stock market enjoyed a bull run the past five years, but several factors, chiefly rising US bond yields and a risk of slowing domestic corporate earnings, are likely to weigh on it in 2025. Rising US bond yields amid disappointing domestic corporate earnings growth and high stock valuations in India have resulted in a recent rush of foreign fund …

FPI inflows into Indian equities drop sharply in 2024; rebound anticipated in 2025
2 weeks, 3 days ago

FPI inflows into Indian equities drop sharply in 2024; rebound anticipated in 2025

Live Mint  

New Delhi, Dec 25 After a robust 2023, foreign investors significantly scaled back their investments in Indian equities in 2024, with net inflows amounting to over ₹5,000 crore, as elevated domestic valuations, coupled with geopolitical uncertainties prompted investors to adopt a more cautious stance. As of now, foreign portfolio investors have made a net investment of over ₹5,052 crore in …

Expert view: Tone down return expectations from Indian stock market, says Premchandani of UTI AMC
2 weeks, 4 days ago

Expert view: Tone down return expectations from Indian stock market, says Premchandani of UTI AMC

Live Mint  

Expert view: Amit Premchandani, Senior Vice President and Fund Manager – Equity at UTI AMC, believes valuation remains in above-average zone for large caps while mid and small cap are expensive. This year's key trends have been a sharp improvement in the earning profile of capital market players, driven by broader participation leading to significant volume growth for exchanges, pick …

Earnings growth slowdown appears temporary, says Franklin Templeton's Hari Shyamsunder
2 weeks, 5 days ago

Earnings growth slowdown appears temporary, says Franklin Templeton's Hari Shyamsunder

Live Mint  

Government capex would align with nominal GDP growth in times to come while private capex is expected to gather pace over the next three to five years, driven by higher capacity utilisation and an uptick in investments in emerging sectors such as renewables and electric vehicles, according to Hari Shyamsunder of Franklin Templeton. Looking ahead, the government capex is expected …

Stock Market Outlook 2025: Nifty At 27K Or 28K By Year-End? Insights From Market Experts
Trending News
3 weeks ago

Stock Market Outlook 2025: Nifty At 27K Or 28K By Year-End? Insights From Market Experts

ABP News  

The Indian equity markets have shown resilience throughout most of 2024, overcoming various challenges such as persistent inflation, the weaker-than-expected second quarter of financial year 2025 earnings, the outcomes of the general elections, FII outflows, and geopolitical uncertainty. Sharing his take, Sarvjeet Singh Virk, Co-founder and MD of Shoonya by Finvasia, told ABP Live, “Despite facing selling pressure towards the …

Expert view: Manufacturing, capital goods to remain high-growth sectors in 2025, says Motilal Oswal Fund Manager
3 weeks, 2 days ago

Expert view: Manufacturing, capital goods to remain high-growth sectors in 2025, says Motilal Oswal Fund Manager

Live Mint  

Expert view: Unless a revival in corporate earnings, the new year could be muted for the Indian stock market, says Santosh Kumar Singh, Fund Manager at Motilal Oswal Mutual Fund. With the stock prices moving up at a faster pace than EPS growth in the last four years, we would expect the calendar year 2025 to be slightly muted compared …

2024 market recap: Domestic Investors’ optimism drives D-Street higher; mid and small-caps lead
Trending News
3 weeks, 4 days ago

2024 market recap: Domestic Investors’ optimism drives D-Street higher; mid and small-caps lead

Live Mint  

As 2024 draws to a close, the broad market has delivered a respectable 20% return. India's corporate earnings growth was 25% YoY in December 2023, and this trend continued into March 2024, albeit at a slower QoQ pace, but sufficient to sustain the market rally. However, the trend shifted by the end of September as corporate earnings, which had begun …

Corporate profit record high, salaries stagnant: Ficci report says mismatch impeding India’s GDP growth
4 weeks, 2 days ago

Corporate profit record high, salaries stagnant: Ficci report says mismatch impeding India’s GDP growth

Firstpost  

A recent survey by Ficci and Quess Corp Ltd has reported the private sector profit at a 15-year high but found the growth in salaries has been meagre or negative. The report talks about a record high profit by the private sector, with stagnation in salaries of the workers — one of the reasons for sluggish private consumption, a key …

Corporates in India see 4x profit but keep salaries stagnant: Report
4 weeks, 2 days ago

Corporates in India see 4x profit but keep salaries stagnant: Report

India Today  

Corporate profits have grown four times in the last four years, but real wages haven't grown, according to a report. This comes even as India's economic growth, measured in terms of GDP, dipped to 5.4% in the September quarter. A report in The Indian Express on Thursday highlighted how wages saw negative growth even as India Inc's profits grew. The …

India IPO share sales rise to record in 2024, growing about 3-fold from last year on upbeat investor appetite
1 month ago

India IPO share sales rise to record in 2024, growing about 3-fold from last year on upbeat investor appetite

Live Mint  

Investors purchased a record ₹1,34,345 crore of shares in initial public offerings so far in 2024, as 76 companies including Hyundai Motor India, Swiggy, NTPC Green and Bajaj Housing Finance listed on the stock exchanges, giving venture capital and private equity firms profitable exits. Sai Life Sciences’ investors such as TPG Asia and HBM Private Equity India are expected to …

India’s IPO fundraising set for landmark year 2024: S&P Global Market Intelligence
1 month ago

India’s IPO fundraising set for landmark year 2024: S&P Global Market Intelligence

Live Mint  

New Delhi, December 8 Fundraising via initial public offerings in India is set for another landmark year this 2024, asserted S&P Global Market Intelligence in a report. The listed companies raised a combined ₹1.4 trillion rupees, according to data compiled by S&P Global Market Intelligence. The IPO count this year grew over 22 per cent from 243 in 2023, while …

‘SIP flows healthy but investors more watchful after pullback’
1 month, 1 week ago

‘SIP flows healthy but investors more watchful after pullback’

Live Mint  

The recent market pullback, while not having impacted flows into mutual funds, has made investors watchful, according to Anthony Heredia, managing director and chief executive officer of Mahindra Manulife Mutual Fund. Yet, he says, there are expectations of improvement in GDP and corporate earnings in the second half of the current fiscal, driven by higher government spends and return of …

Q2 GDP slowdown: What it means for stock market investors
1 month, 1 week ago

Q2 GDP slowdown: What it means for stock market investors

India Today  

India’s economy hit a speed bump in Q2 FY25, with GDP growth slowing to 5.4%—the weakest in seven quarters. For stock market investors already navigating weak corporate earnings and persistent foreign outflows, this slowdown adds to the challenges on Dalal Street. Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, "The Q2 GDP shocker of 5.4% will weigh on …

Street takes cheer from poll results, but will the gains sustain?
1 month, 2 weeks ago

Street takes cheer from poll results, but will the gains sustain?

Live Mint  

Benchmark indices extended Friday's gains to Monday, with the Nifty clocking the biggest two-day rise since early June. Foreign institutional investors net purchased Indian equities worth ₹9,948 crore, while domestic institutions net sold shares worth ₹6,908 crore. According to Nuvama Institutional Equities, India may witness about $2.5 billion net passive FII flows thanks to the MSCI rejig, including $1.9 billion …

Indian stock markets get a band-aid, but chronic pain remains
1 month, 2 weeks ago

Indian stock markets get a band-aid, but chronic pain remains

Live Mint  

The thumping victory of the Bharatiya Janata Party and its allies in Maharashtra assembly election means political stability with more synchronization of economic policies between the Centre and the state. Foreign portfolio investors have been on a selling spree, offloading Indian stocks worth ₹21,840 crore in 2024 so far, showed NSDL data. Profit after tax growth for BSE500 companies slipped …

Stock market strategy: Goldman Sachs sets 12-month Nifty 50 target at 27,000; overweight on autos, telecom, insurance
1 month, 2 weeks ago

Stock market strategy: Goldman Sachs sets 12-month Nifty 50 target at 27,000; overweight on autos, telecom, insurance

Live Mint  

Indian equities are expected to remain resilient to global macroeconomic challenges such as a stronger US dollar, shallower easing in emerging markets, and potential US tariff hikes on China, according to Goldman Sachs’ latest report. Goldman Sachs projects India’s GDP growth to decelerate to 6.3% year-on-year in 2025, citing fiscal constraints and subdued credit growth. Stock Market Outlook Goldman Sachs …

Indian stocks to stay flattish for 3 months as earnings, valuations weigh, says Goldman
1 month, 3 weeks ago

Indian stocks to stay flattish for 3 months as earnings, valuations weigh, says Goldman

Live Mint  

Nov 21 - Indian equities are likely to remain rangebound over the next three months, following their recent slide into correction territory after the worst earnings season in four years and nursing still-high valuations, Goldman Sachs said. The Wall Street brokerage, which remains tactically "marketweight" on Indian equities, expects the benchmark Nifty 50 to hit 24,000 points in the next …

India Inc's Q2 has been tepid. Is a recovery in sight?
1 month, 3 weeks ago

India Inc's Q2 has been tepid. Is a recovery in sight?

Live Mint  

India Inc. faced another challenging quarter in July-September as corporate earnings continued the recent trend of lukewarm performance. This was particularly evident in revenue growth, which hit a four-quarter low, dragging down net profit expansion for the fifth consecutive quarter, a Mint analysis showed. Costs surge An analysis of expense patterns shows that while aggregate spending held steady at 82% …

Devyani International Q2 Results Live: Profit Falls by 99.95% YoY
1 month, 4 weeks ago

Devyani International Q2 Results Live: Profit Falls by 99.95% YoY

Live Mint  

Devyani International Q2 Results Live : Devyani International declared their Q2 results on 11 Nov, 2024, revealing a significant growth in topline revenue by 49.14% year-on-year. Despite these challenges, Devyani International has shown resilience in its stock performance, delivering a 3.84% return in the last week, and a 12.39% return over the past six months, although it has seen a …

Traders Mete Out Stiffer Penalty to India Firms Missing Earnings
1 month, 4 weeks ago

Traders Mete Out Stiffer Penalty to India Firms Missing Earnings

Live Mint  

-- India’s largest paint maker is the latest victim of nervous investors turning more unforgiving of stocks failing to meet their earnings expectations. The reaction highlights an emerging trend in India’s $4.6 trillion stock market, where investors are quick to aggressively punish companies whose earnings haven’t lived up to their elevated valuations. Bajaj Auto Ltd., IndusInd Bank Ltd. and Avenue …

Q2 Results: Jefferies’ Chris Wood flags steepest earnings downgrades for India Inc since 2020
Trending News
2 months ago

Q2 Results: Jefferies’ Chris Wood flags steepest earnings downgrades for India Inc since 2020

Live Mint  

In a recent GREED & fear note, Christopher Wood of Jefferies reported that disappointing results from India Inc. in the July-September quarter prompted the steepest earnings downgrades since early 2020. Earnings Downgrades Amid Economic Challenges Jefferies slashed FY25 earnings per share estimates for 63 per cent of the 121 companies that reported September quarter results. Jefferies now projects that Nifty …

Nifty earnings growth estimate for FY26 looks tough: Kotak MF's Nilesh Shah
2 months ago

Nifty earnings growth estimate for FY26 looks tough: Kotak MF's Nilesh Shah

Live Mint  

Higher government spending, and wedding and festival season uptick in sales could enable Nifty to notch the Street estimated earnings of ₹1,059 per share in the current fiscal. The real worry is the FY26 Nifty 50 EPS estimate of ~ ₹1,200-1,250, an 18% growth over that in FY24, which looks tough, given an estimated 5% earnings growth in the current …

Cummins India Q2 Results Live: Profit Rise by 36.55% YOY
2 months ago

Cummins India Q2 Results Live: Profit Rise by 36.55% YOY

Live Mint  

Cummins India Q2 Results Live : Cummins India declared its Q2 results on November 7, 2024, showcasing significant growth in both revenue and profit. In comparison to the previous quarter, Cummins India saw an 8.34% growth in revenue, although profit experienced a slight decline of 2.86%. In terms of stock performance, Cummins India has delivered a 1.54% return over the …

Can the Indian stock market bounce back in November or is the downward trend here to stay?
2 months ago

Can the Indian stock market bounce back in November or is the downward trend here to stay?

Live Mint  

Indian stocks are currently experiencing one of the bleakest days in recent history, as a convergence of global and domestic factors continues to weigh heavily on investor sentiment, pushing the frontline indices to fresh monthly lows. In its interim review of the Q2 FY25 earnings season, Motilal Oswal reported that earnings growth among the 166 companies it monitors declined by …

Indian Stock Market: A Glimpse into the Future
2 months, 2 weeks ago

Indian Stock Market: A Glimpse into the Future

Live Mint  

The Indian stock market is expected to witness double-digit earnings growth over the next four to five years, with small-cap earnings expected to grow even faster. However, short-term market volatility remains a concern due to factors such as increased fluctuations, foreign institutional investor (FII) selling, and geopolitical events. Despite these challenges, the strong corporate fundamentals and robust external balances provide …

IT and pharma sectors look tactical buy in short- to medium-term peak
5 months ago

IT and pharma sectors look tactical buy in short- to medium-term peak

Live Mint  

This week, the domestic market reached the psychological milestone of 25,000, with a peak at 25,078.30 before closing at 24,717. The market experienced a brief surge, in the last 7days, before consolidating due to subdued quarterly results & clampdown in Asian market like Japan. The domestic market's rally over the past month is largely due to the improved performance of …

Looking for high-growth stocks? Here are the 5 companies to track
5 months, 3 weeks ago

Looking for high-growth stocks? Here are the 5 companies to track

Live Mint  

The simple things are often overlooked, no matter the field. The company’s management aims to achieve ₹32 billion in organic sales by FY26, supplemented by approximately ₹4 billion from inorganic acquisitions, targeting an overall growth rate of 21% over the years. From 2020 to 2024, sales increased at a compounded annual growth rate of 23%, and net profits rose by …

These are the five fastest-growing Indian stocks
6 months, 3 weeks ago

These are the five fastest-growing Indian stocks

Live Mint  

Investors are always looking for stocks with exceptional growth potential, particularly those capable of accelerating revenue growth and profitability. Strong distribution networks in India and abroad have helped the company clock impressive sales growth of 15.5% in the past five years. Sales grew at a CAGR of 12.1% in the past five years due to a growing share of the …

India’s Growth to Steady at 6.7% Till 2026: World Bank
6 months, 4 weeks ago

India’s Growth to Steady at 6.7% Till 2026: World Bank

Deccan Chronicle  

Chennai: India will remain the fastest-growing of the world’s largest economies, although its pace of expansion is expected to moderate, finds the World Bank. While retaining the GDP growth forecast for FY24 and FY25 at 6.6 per cent and 6.7 per cent respectively, the World Bank estimated the country to clock 6.8 per cent growth in FY26. Growth in industrial …

India's economy grows 7.8 per cent in March quarter, annual growth rate hits 8.2 per cent
7 months, 1 week ago

India's economy grows 7.8 per cent in March quarter, annual growth rate hits 8.2 per cent

India TV News  

India's Gross Domestic Product demonstrated robust growth in the January–March 2024 quarter, exceeding analysts' expectations, as per the latest official data released on Friday, May 31. For the full financial year 2023–24, India's GDP growth rate stood at an impressive 8.2 percent, up from 7 percent in FY23, according to an official statement. Analysts had anticipated slower GDP growth for …

Stock market outlook: Expect no deep and prolonged correction; Nifty may see low-teen upside by March 2025: UBS
7 months, 4 weeks ago

Stock market outlook: Expect no deep and prolonged correction; Nifty may see low-teen upside by March 2025: UBS

Live Mint  

The Indian stock market is witnessing a sharp correction and the benchmark Nifty 50 index has dropped more than 4% from its record high level. Indian equities are likely to trade with a downward bias ahead of general elections results, but analysts do not expect a prolonged correction with the market expected to offer buy-on-dip opportunities. Premal Kamdar, Analyst at …

Reliance Industries quarterly profit stays flat; annual earnings hit record at ₹69,621 crore
8 months, 2 weeks ago

Reliance Industries quarterly profit stays flat; annual earnings hit record at ₹69,621 crore

Hindustan Times  

New Delhi, Reliance Industries Ltd on Monday reported an almost flat March quarter net profit, while its annual earnings hit a record high on the back of a recovery in its core oil and petrochemicals business and sustained momentum across the consumer-facing telecom and retail businesses. Reliance Industries quarterly profit stays flat; annual earnings hit record at ₹ 69,621 crore …

Corporate India Revenues Grow Over 3% In Dec Quarter
10 months, 1 week ago

Corporate India Revenues Grow Over 3% In Dec Quarter

Deccan Chronicle  

Chennai: Indian companies reported 3.7 per cent growth in aggregate revenues along with margin expansion in the December quarter. However, this softening of input costs along with operating leverage benefits helped the companies witness an expansion of operating profit margin by 171 bps to 17.2 per cent. Nevertheless, input costs remain elevated over historic levels, and as a result, India …

FPIs' Investment Value Rises 13% To USD 738 Bn In Dec Quarter
10 months, 4 weeks ago

FPIs' Investment Value Rises 13% To USD 738 Bn In Dec Quarter

News 18  

The value of FPIs holding in Indian equities reached USD 738 billion in the three months ended December 2023, marking a surge of 13 per cent from the preceding quarter, driven by the strong performance of the domestic stock market, according to a report by Morningstar. However, FPIs’ contribution to Indian equity market capitalisation fell marginally during the quarter under …

Stocks to Watch: L&T, Dr Reddy’s, SRF, Voltas, TCS
11 months, 1 week ago

Stocks to Watch: L&T, Dr Reddy’s, SRF, Voltas, TCS

Live Mint  

L&T: Recorded 15% yoy growth in consolidated net profit at ₹2,947 crore for the December quarter. Dr Reddy’s Laboratories: Registered 10.6% yoy growth in consolidated net profit at ₹1,378.9 crore for the December quarter, despite higher tax cost. Voltas: Posted a net loss of ₹27.6 crore for the December quarter, narrowing from a loss of ₹110.5 crore a year ago …

Yearender 2023: How did shares perform, top business news this year
1 year ago

Yearender 2023: How did shares perform, top business news this year

India TV News  

2023 turned out to be good for stock market investors. Shares that gained the most Shares of Jai Balaji Industries saw the highest rise of 1,291 per cent. This was followed by S&S Power Switchgear 616 per cent, Geeke Wires 544 per cent, Orionpro Solutions 501 per cent, Inox Wind Energy 398 per cent, Servotech Power Systems 384 per cent, …

Diwali 2023: New growth cycle on horizon for small, midcaps, says Yes Securities
1 year, 1 month ago

Diwali 2023: New growth cycle on horizon for small, midcaps, says Yes Securities

Live Mint  

Stock market today: As we celebrate Diwali 2023, a look back at the Indian stock market performance in the last Samvat Year shows optimism and resilience. Amar Ambani, Group President & Head – Institutional Equities, Yes Securities India noted that the optimism and resilience continued into Q2, with 240 out of 500 companies delivering a 42% YoY growth in Adjusted …

India’s GDP may expand by 7% in 2nd quarter of FY24: Experts
1 year, 2 months ago

India’s GDP may expand by 7% in 2nd quarter of FY24: Experts

Hindustan Times  

India’s gross domestic product may expand by nearly 7% in the second quarter of FY24 on sound economic fundamentals, exceeding the Reserve Bank of India’s October 6 estimate of 6.5%, but in line with governor Shaktikanta Das’s prediction on Tuesday, at least four experts said. Speaking at the Business Standard BFSI Insight Summit on Tuesday, Das said India’s economic growth …

Q1 Results Review: Earnings growth continues even as revenue slows
1 year, 4 months ago

Q1 Results Review: Earnings growth continues even as revenue slows

Live Mint  

Q1 Results Review: The corporate earnings for the first quarter of FY24 were strong and largely in-line with the street estimates with domestic cyclical sectors such as companies in BFSI and Automobile sectors driving the earnings growth. Among sectors, IT Services companies reported weak performance during the quarter with flattish median revenue growth QoQ in CC, in an otherwise seasonally …

’Indian equities to benefit from macro backdrop, Nifty EPS to grow 18% in FY24’
1 year, 4 months ago

’Indian equities to benefit from macro backdrop, Nifty EPS to grow 18% in FY24’

Live Mint  

India’s financial market assets including equities, private markets, bond yields, are expected to benefit structurally from a favourable macroeconomic backdrop over the next few years. According to a report by Standard Chartered, India’s corporate profit cycle remains the strongest since the 2004-08 cycle as the benchmark Nifty index EPS grew at an average 20 per cent between FY21 and FY23 …

Nifty EPS outlook for FY24 raised by 2.5% on strong Q1 results: Motilal Oswal
1 year, 4 months ago

Nifty EPS outlook for FY24 raised by 2.5% on strong Q1 results: Motilal Oswal

Live Mint  

India Inc. has begun the financial year 2023-2024 on a strong footing with robust Q1 results. Domestic brokerage firm Motilal Oswal Financial Services raised its FY24 earnings estimates from Nifty50 stocks by 2.5% to ₹988 on the back of robust Q1 results by corporates that could support overall bullish economic outlook for India. Nifty posted a beat with EBITDA and …

’Profit beat, in-line revenue growth hint at India’s earnings up-cycle trend’
1 year, 7 months ago

’Profit beat, in-line revenue growth hint at India’s earnings up-cycle trend’

Live Mint  

A robust earnings beat and in-line revenue growth for the quarter ended March, according to a study by international brokerage company Morgan Stanley, confirmed India's earnings up-cycle trend. Nifty companies covered by Morgan Stanley reported earnings before interest, taxes, depreciation, and amortisation, profit before tax, and net profit growth of 14%, 17%, 21%, and 24% for the fourth quarter of …

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