Markets Await Earnings Season: Here's What Is In Store

Posted By:
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    The earnings season has kicked-off with some of the smaller banks already showing disappointing results. The bigwigs are likely to see a kick-off with TCS due later this evening. Here is what is expected from the earnings season.

    Banking results: same old story

    It is going to be the same old story for the banking quarterly numbers. PSU Banks are going to report a poor set of quarterly numbers and some private sector banks like ICICI Bank may continue to see elevated levels of non performing assets.

    Markets Await Earnings Season: Here's What Is In Store
    Already two smalller banks that have reported numbers have reported very poor set of quarterly numbers.

    HDFC Bank, Yes Bank and IndusInd bank are going to have another very good set of quarterly numbers, which is as expected.

    IT companies: muted results

    Results from the IT sector would kick start today with the quarterly numbers of TCS. It is largely expected that IT companies would report a muted growth this quarter. However, what would be eagerly watched would be the guidance from these companies. The markets have also fluctuated a little bit, which should start getting reflected in the numbers. Overall, it is going to be a subdued quarter.

    Pharma sector

    The pharma sector always tends to surprise in either direction. The bigwigs like Sun and Lupin may continue to have a very subdued performance, while Aurobindo may have a much better performance. This is largely because Aurobindo has a very well diversified portfolio, where its performance does not dependence only on a few products.

    By and large nothing great is expected from the pharma sector.

    Metals: an outperformer

    Metals is going to be the only pack where the results are going to be excellent. A rise in metal prices like lead and zinc is going to augur well for these companies. It will not be a surprise to see a very good performance from some of the steel companies as well. However, most of the shares have rallied and hence there may not be any scope for re-rating based on performance.

    GoodReturns.in

    Read more about: sensex nifty markets
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more