- Wealth PMS (50L+)
We’re a the halfway mark for Nifty company results – 25 of the 50 have announced earnings, and the status is that earnings are not growing fast at all (just 2.5% year on year, on aggregate).
What shines out on the positive side:
The worst were:
While 25 companies are still left, our view is that this has been a very ordinary quarter till date. The last two quarters were negative in earnings growth (aggregated) , so at the very least we should see earnings have a positive increase compared to last year’s December.
Some of the worst is yet to hit, with results from SBI and ONGC will have a significant impact on the aggregates. They aren’t expected to have very good results.
Happy trading – and note carefully how outliers are emerging purely through good earnings growth or the lack of them!
Disclaimer: Author and family own some of the stocks above. Company owns no shares. No 1% holding by our analysts.