Stocks

More results – Nifty EPS moving up but not enough

Jul 29, 2008

More results today:

Hero Honda up 43.64%. Very unexpected, excellent results.
Cairn up some 500%+ from 0.21 to 1.4.
Gail up 31% on EPS. Great stuff.
NTPC down 27% on EPS.

Nifty EPS is up to 239+, with results of companies weighing 80% of the Nifty already known. Left are a few big folks (DLF, RCOM, PowerGrid, Unitech, Nalco, Wipro, ITC, TataSteel, Suzlon) and a few smaller ones (TataMotors, TataComm, PNB, M&M, HCLTech).

Will be interesting to see where we end up on Aug 2 when all results are out. P/E is 17+ even now. (To match P/E, Nifty EPS needs to end up at 258, but that is unlikely. Maybe 12% growth now?)

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