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.
IndiGo profit falls on higher cost on older planes
The airline was forced to induct older planes due to grounding led by issues of Pratt & Whitney engines