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.
Deven Choksey on 3 themes that are right for investing in a volatile market
Deven Choksey is optimistic about investing in the metal sector due to stable energy prices and rising consumption. He also sees opportunities in some NBFCs
October 8, 2024