RBS expects 15-16% EPS growth for MSCI India in FY13
Published on Wed, Feb 22, 2012 at 07:55 | Source : CNBC-TV18
Updated at Wed, Feb 22, 2012 at 08:58
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RBS expects 15-16% EPS growth for MSCI India in FY13
Economic growth too seems to be troughing, as suggested by the rebound in the PMI indicators in January. The core manufacturing inflation moderated to 6.7% in January and should help the case for policy rate cuts by the RBI, says Parul Saini of RBS.
Here are experts equity calls for the day on how the markets are expected to trade:
Parul Saini, RBS: Revisions trends and macro data suggests that EPS growth may have bottomed. Economic growth too seems to be troughing, as suggested by the rebound in the PMI indicators in January. The core manufacturing inflation moderated to 6.7% in January and should help the case for policy rate cuts by the RBI. We are currently forecasting 15-16% EPS growth for MSCI India in FY13.
Jyotivardhan Jaipuria, BofA ML: Overall earnings have been a mixed bag. While aggregate profit growth for Sensex companies came in below estimates at 8.8% & margins fell to 16.4%, net profit growth was higher at 6% led by Tata Motors. The FY12 Sensex EPS estimate remains unchanged at Rs 1100 but we have upgraded FY13 estimates to Rs 1290.
