Moneycontrol
Get App
Last Updated : Jul 23, 2016 06:31 PM IST | Source: CNBC-TV18

Earnings Report Card: How first quarter looks so far

In an interview CNBC-TV18, market experts Prakash Diwan and Deven Choksey analysed the earnings results of major companies announced so far and shared their outlook for results yet to come.


Off to a mixed start, the earnings season of the first quarter of this fiscal has given some hope for an earnings rebound later this year.


In an interview CNBC-TV18, market experts Prakash Diwan and Deven Choksey analysed the earnings results of major companies announced so far and shared their outlook for results yet to come.


Comparing the results of HUL and ITC, Deven Choksey said that volume growth is not picking up for HUL but ITC looks more convincing as of now and would be a better pick between the two.

Close

He believes that ITC has outperformed hence, it should be given a good grade and HUL had a moderate performance in this quarter.


Agreeing with Choksey, Prakash Diwan said that despite troubling times for ITC -- factory shutdown due to pictorial warning issue -- the company has shown growth in volume.


He thinks that HUL is a little overvalued but would still give it an 'A' rating.


They talked about the performance of banking stocks and the midcap space as well.


Watch video for more.



Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year.

First Published on Jul 23, 2016 06:22 pm
Sections
Follow us on