See weak earnings from cement, metals, cap goods: Kotak Sec
According to Kotak Securities, revenues of IT companies are expected to be driven by the near 13.5 percent rupee depreciation (average) Y-o-Y.
October 11, 2013 / 13:40 IST
Kotak Securities has come out with its report on earnings estimates for Q2 FY14
We expect stocks under our coverage (ex-banking / NBFCs) to report revenue growth of 9.5 percent on a Y-o-Y basis. Among sectors, IT and Auto are expected to predominantly propel this growth. Revenues of IT companies are expected to be driven by the near 13.5 percent rupee depreciation (average) Y-o-Y. On the other hand, cement, metals and capital goods sectors are expected to be a drag largely due to the lower investment activity in infrastructure and weak demand. We will watch out for the order bookings and order execution issues, if any, in construction and capital goods sectors.Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. 
Read More
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
