Almost 18 companies among the Nifty 50 entities have missed estimates for the quarter ended September this year, while 15 have beaten them, according to the Bloomberg data.
Based on the September-quarter results, analysts have upgraded 19 companies and downgraded 14, the statistics show.
As there is no coverage on the revenue and profit parameters for Bajaj Finserv, it is not included in the chart. The results of the rest of the Nifty 50 have not been announced so far.
The earnings of the 34 Nifty 50 companies that have reported results till October have remained flat year-on-year compared to an estimated positive growth rate of 2 per cent last year, according to a post-results analysis by brokerage firm, Motilal Oswal Financial Services.
Stagnation was driven primarily by ICICI Bank, Axis Bank, Bharti Airtel, NTPC, and HDFC Bank.
This story is from the November 04, 2024 edition of Business Standard.
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This story is from the November 04, 2024 edition of Business Standard.
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