Q3 earnings to trigger more upgrades, brokerages peg Nifty EPS growth at 15% for FY21
The cost-saving initiatives and the festive season consumption demand also helped India Inc post a strong quarterly scorecard. February 05, 2021 / 07:04 PM IST
The December quarter earnings, so far, have seen more hits than misses, thanks to a recovery in demand after the opening up of the economy and the significant drop in coronavirus infections.
The cost-saving initiatives and the festival season demand also helped India Inc to post a strong quarterly scorecard. The Q3FY21 earnings have maintained the momentum of the previous quarter. There has been a 3.9 percent/2 percent upgrade in FY21/FY22E Nifty EPS estimates to Rs 536/Rs 713 (from Rs 516/Rs 699). We are now building in Nifty EPS growth of 15 percent for FY21E, said Motilal Oswal Financial Services.
Rakesh Jhunjhunwala to investors: Market has given you a chance, grab it!
The Budget 2021 was a bold Budget from the Indian Government, and for investors, it is best to tweak the portfolio by going overweight on equities. February 03, 2021 / 09:55 AM IST
Finance Minister Nirmala Sitharaman stands next to Minister of State for Finance and Corporate Affairs Anurag Thakur (L) as she leaves her office to present the Union Budget in the parliament in New Delhi on February 1. (File image: Reuters)
If you are planning to make investments in equity markets then there is no better time than now, and do not get pulled down by the rally seen on the Budget day as the best is yet to come, billionaire investor Rakesh Jhunjhunwala said in his interview with
Nifty Bank rallies over 10% post Budget: Here are 5 reasons why the index is rising
Motilal Oswal picks ICICI Bank, SBI, Axis Bank, and AU Finance as top picks while ICICIdirect is positive on Axis and SBI post Budget 2021. February 02, 2021 / 01:28 PM IST
The S&P BSE Sensex rallied 5 percent on Budget Day to post its best performance in percentage terms in the last 22 years while Nifty Bank hit a record high. Privatisation of two public sector banks, PSU recapitalisation, construction of bad bank, a growth-oriented Budget are some of the factors fuelling the rally in the banking space.
The Nifty Bank has rallied by about 10 percent post Budget and majority of gains were seen in strong retail banks such as ICICI Bank, HDFC Bank, Kotak Mahindra Bank, SBI, and IndusInd Bank.