Tata Motors saw an EPS estimate cut of 25% last month, while JSW Steel’s EPS estimate was slashed by 16%. Wipro, Tech Mahindra, Shree Cement, and Tata Steel, among others, have seen EPS estimates drop by 5-7% in the last four weeks, according to Bloomberg consensus estimates.
Info Edge shares drops 4% despite 22% YoY jump in Q4 net profit; revenue up 16%
Info Edge shares saw a dip on Monday even as the company announced strong financial results. Net profit for the March quarter rose 22 percent