Budget 2023Budget 2023
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now

Analysts upgrade earning estimates on these 12 stocks post Q2 show; do you own any?

The Q2FY21, so far, witnessed robust numbers from IT, Pharma, Auto components, select banks, and cement sector companies.

October 30, 2020 / 10:22 AM IST
  • bselive
  • nselive
Todays L/H

While it is being felt that markets are trading ahead of fundamentals, it is also a known fact that market factors in parameters in advance.

The BSE Sensex and Nifty50 have not moved much in last one month, but since March lows the indices have rallied over 55 percent each in anticipation of strong earnings growth as well as gradual economic recovery.

Leaders from every sector have reported better to in-line earnings so far, indicating strong and double-digit growth in FY22, and marginal growth in FY21, experts feel.

The broader markets also moved at similar pace with the Nifty Midcap index climbing 55 percent from March lows and Smallcap surging 75 percent.