Companies are managing balance sheets more efficiently today and that was what reflected in the recent quarter earnings when the numbers largely beat analyst projections, he said while expecting the trend to continue for at least a handful Nifty50 companies going ahead.
Nilesh Shah of Kotak AMC has advised people not to try to predict the market, stating that more often than not, they will be wrong.
As all major companies have already announced their Q4 results, brokerage firm Motilal Oswal has upgraded and downgraded the estimated FY24 earnings of several stocks.
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