For Quick Alerts
For Daily Alerts

Nifty Earnings For Jan-Mar Touched 5-Quarter Low


Quarterly earnings reports of major Indian corporates have continued to disappoint with NSE's Nifty 50 earnings touching a five-quarter low of Rs 400.69 a share in the January-March period, a Bloomberg report said. Data compiled by Bloomberg also showed that the difference between its estimates and actual earnings per share (EPS) has been in the range of 32 to 40 percent in the last three quarters.

Nifty Earnings For Jan-Mar Touched 5-Quarter Low

According to its analysis, earnings growth are important to maintain a sustained rally in the stock markets especially at a time when temporary factors have caused lofty valuations of the equities despite the absence of any fundamental support.

Analysts feel that a fall in rural income, liquidity squeeze, volatility in oil prices, weakness in the rupee have been some of the main reasons for a shortfall in Nifty earnings.

Bloomberg has cut its estimates for the current as well as next financial year. For fiscal 2019-20, earnings estimates for Nifty 50 have been reduced by 1.6 percent since April and the estimates are down 1.9 percent for 2020-21.

Read more about: nifty earnings
Story first published: Monday, June 17, 2019, 17:46 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
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