Hemang Jani of Sharekhan spoke to CNBC-TV18 about his expectations of the earnings season and L&T results today. Check out his comments.
Below is the edited transcript of the interview. Also watch the accompanying video. Q: I will ask you then about you have made of earning season till now and what is your expectation from the big boy L&T today?A: The earning season so far has been mixed with some companies reporting sub par growth compared to expectations. We had a reasonably good performances coming in from some of the banks and some of the IT companies particularly TCS and HCL Tech. As far as L&T numbers are concerned, we believe that at the net profit level, the number should be somewhere around Rs 950 crore. Though this was a very tough quarter given that the expectations have been low and in the sectors where L&T has a strong presence, the order in flow was a little better. So sentimentally, it could be better than expectations. Q: You have given us a list of hits and misses. I am beginning with the hits because there have been so few this quarter. Exide you liked; what impressed you? What
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