The BSE Sensex companies will
continue posting double digit growth for the fourth consecutive quarter
during the results season starting this week, foreign brokerage Deutsche
Bank has said. "We expect a continuation in earnings turnaround...this
will be the fourth straight quarter of double-digit growth in key
metrics of Sensex, underscoring our positive outlook on Indian
equities," it said in a note. The brokerage said it expects the growth
momentum to continue for some more time due to enabling decisions by the
newly formed government. "We believe that the new government will walk
the talk on addressing economic imbalances, which should in turn lay
the foundation for structurally high earnings growth," it said. The
markets have been on an upswing for over three quarters now, ever since
expectations of a pro-reform dispensation led by the BJP's Narendra Modi
started. Formation of the Modi government and the initial decisions
pointing to a commitment towards reforms have been welcomed by
investors. DB said the 30 companies that form the benchmark Sensex will
post a 15 per cent growth in revenue and 17 per cent surge each in both
pre-tax and post-tax profits. During the quarter, companies in the
telecom, oil and gas, information technology services, auto and fast
moving consumer goods are expected to report better numbers, it said,
adding that utilities, metals, banks and capital goods will be the
"laggards". Homegrown telecom major Bharti will be driving the telecom
sector with an estimated 171 per cent jump in earnings; while in the
auto sector, JLR's performance is again expected to drive Tata Motors'
earnings up by 109 per cent, it said. In oil and gas, state-run ONGC
will lead with a 55 per cent surge in earnings, followed by GAIL which
is estimated to report a 36 per cent jump, it said, adding that Mukesh
Ambani-led Reliance Industries' (RIL) earnings are expected to remain
flat due to dip in petrochemical business margins and the lower
production in exploration and production vertical. Pick up in demand in
the west will lead to better performance by the information technology
sector, it said, adding that TCS and Wipro will lead the way.
Subscribe to:
Post Comments (Atom)
ఉపాధి, వేతన వృద్ధి రెండింటిలోనూ బెంగళూరే టాప్
నూతన ఉపాధి అవకాశాల కల్పన, వేతన వృద్ధి రెండింటిలోనూ దేశంలోని నగరాలన్నింటిలోనూ బెంగళూరు అగ్రస్థానంలో నిలిచింది. చెన్నై, ఢిల్లీ తర్...
-
మార్కెట్ విలువలో బిఎస్ఇ కొత్త రికార్డు బొంబాయి స్టాక్ ఎక్స్ఛేంజిలో (బిఎస్ఇ) లిస్టింగ్ అయిన కంపెనీల ఉమ్మడి మార్కెట్ విలువ మంగళవారం (202...
-
దేశంలో సుజుకి మోటార్ కార్పొరేషన్ (ఎస్ఎంసి) మూడు కోట్ల కార్ల ఉత్పత్తి మైలురాయిని దాటింది. అయితే తన మాతృదేశంలో ఈ మైలురాయిని సాధించిన సమయం...
-
ఈ ఏడాది దేశంలో సీనియర్ ఎగ్జిక్యూటివ్ స్థాయిలో వేతనాల వృద్ధి 20 శాతం వరకు ఉంటుందని అంచనా. ప్రతిభను వెన్నుతట్టి ప్రోత్సహించడం, ఇన్న...
No comments:
Post a Comment