Did Nifty companies pass Q1 test with flying colours? Here’s the Street view
The June quarter earnings season saw India Inc reporting low single digit QoQ growth in topline and double digit bottomline decline with pressure on gross margins. As the corporate earnings for Nifty companies were below its expectations, domestic brokerage has cut FY23 Nifty EPS estimate by around 3 per cent. “Miss in heavyweights such as … Read more