Cement, Auto, and Metals posted a YoY earnings decline while IT and O&G reported flattish YoY earnings for the quarter.As the benefit of the recent moderation in commodity costs start accruing in 2HFY23E, we expect other sectors to contribute too.As of 31st Jul’22, 31 Nifty stocks reported a sales/EBITDA/PBT/PAT growth of 29%/9%/15%/12% YoY respectively, single-handedly driven by BFSI. Of these, 12 companies each surpassed/missed our PAT estimates.
Short-term rebound could trap investors; better to wait for clarity: Dipan Mehta
Dipan Mehta advises Indian investors to adopt a sell-on-rise strategy amidst global financial uncertainty, drawing parallels to the 2008 crisis. He suggests caution due to
April 8, 2025