MUMBAI: Analysts have begun downgrading earnings estimates for India Inc amid local lockdowns and curfews due to the second wave of Covid that’s led to a demand slowdown. More than 80 companies in the NSE 500 universe have seen a downgrade in earnings per share (EPS) estimates in the last four weeks. Nifty consensus earnings … Read more
The momentum is expected to continue given the traction in its digital offerings. Synopsis In line with bigger peers, Persistent showed a strong topline growth and margin improvement in the third quarter. Revenue grew by 7.4% sequentially to $146.2 million. The stock of Persistent Systems has gained nearly 53% over the past three months. Of … Read more
The better the quality of a company, the higher should be the holding period, said Raamdeo Agrawal, chairman of Motilal Oswal Financial Services. In an interview with ET, the veteran investor spoke on markets and various findings of the firm’s 25th annual wealth creation study scheduled to be released on Tuesday. Excerpts Your wealth-creation study … Read more
Metal stocks like Tata Steel, JSW Steel and Jindal Steel and Power are looking very convincing from here on, says Rahul Shah, VP-Equity Advisory, Motilal Oswal Financial Services. Excerpts from an interview: Would you apply the same logic to the hotel sector picks seeing that if travel is picking up ideally we should likely also … Read more
Coal India is likely to post a double-digit fall in net profit on Wednesday due to flat sales growth for the quarter ended September 30. However, brokerages expect the company to report up to 50 per cent growth in bottomline figures on QoQ basis. An assessment by Kotak Institutional Equities showed that Coal India may … Read more
NEW DELHI: Brokerages have mostly retained their bullish view on State Bank of India (SBI) after the PSU lender posted better-than-expected quarterly earnings. SBI reported a 51.9 per cent year-on-year (YoY) growth in net profit for the September quarter at Rs 4,574.16 crore. Analysts in an ETNow poll had projected the profit figure at Rs … Read more
The central government has complete power with a clear mandate, but directives from the Centre have to be executed well at the state level. So, there are many things that are still not in Modi’s hands, says Raamdeo Agrawal, Joint Managing Director, Motilal Oswal Financial Services in an interview with Narendra Nathan and Sanket Dhanorkar. … Read more