Warning bell! Deutsche downgrades 34 cos earnings estimates

The March quarter earnings were broadly on expected lines, but the outperformance was mostly at the net profit level. Sales growth disappointed, reflecting the demand weakness in the economy.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney
moneycontrol.com

Home » News » Markets » Market Edge

Jul 02, 2013, 09.13 PM | Source: Moneycontrol.com

Warning bell! Deutsche downgrades 34 cos earnings estimates

The March quarter earnings were broadly on expected lines, but the outperformance was mostly at the net profit level. Sales growth disappointed, reflecting the demand weakness in the economy.

Like this story, share it with millions of investors on M3

Warning bell! Deutsche downgrades 34 cos earnings estimates

The March quarter earnings were broadly on expected lines, but the outperformance was mostly at the net profit level. Sales growth disappointed, reflecting the demand weakness in the economy.

Post Your Comments

Share Cancel

Moneycontrol Bureau

As India Inc gears up for the June quarter earnings season, downgrades rather than upgrades continues to be the dominant theme.

The March quarter earnings were broadly on expected lines, but the outperformance was mostly at the net profit level. Sales growth disappointed, reflecting the demand weakness in the economy. The same trend may be repeated in the June quarter as well, with most analysts not expecting a meaningful recovery in earnings growth.

Don't miss: Rupee oversold; solvency fears unfounded, says Credit Suisse

Brokerage house Deutsche Securities has cut FY14 earnings per share estimates for 34 companies, and raised estimates for 12 companies.

Here are the 34 companies, for which earnings estimates have been cut. (Source: Deutsche Securities report)

 

 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

Buy, Hold, Sell ? Hear it first on M3
Warning bell! Deutsche downgrades 34 cos earnings estimates

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login