Expect earnings revision breadth to improve in next few months: Morgan Stanley

According to the research house, Tata Steel, Dr Reddy's Labs and Tata Motors will likely see the fastest net profit growth, while Bharti Airtel, Sun Pharma and Lupin should be the laggards.

July 10, 2017 / 17:44 IST

Ridham Desai of Morgan Stanley feels the earnings growth is in a U-shaped recovery, driven by domestic and global factors.

He expects earnings revision breadth to improve in the next few months. He also expects Sensex earnings growth of 18 percent in FY18 and 24 percent YoY in FY19.

According to the research house, Tata Steel, Dr Reddy's Labs and Tata Motors will likely see the fastest net profit growth, while Bharti Airtel, Sun Pharma and Lupin should be the laggards.

Tata Motors and Tata Steel should be the biggest positive contributors to Sensex earnings, Desai said.

first published: Jul 10, 2017 05:44 pm

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