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.
A break above 18600 could take Nifty to fresh highs: Kunal Shah
Analysts anticipate that bulls will regain control in the Indian equity markets once the Nifty index breaks above 18,600 on a closing basis. The breakthrough
June 3, 2023