The market rally is visible, as is the horrendous impact of Covid 19. What is invisible is earnings growth
During the first wave, FY21 and FY22 Nifty earnings estimates, according to analysts at Jefferies, were cut by 33 per cent and 21 per cent respectively till September 2020
Given we may not see the same kind of growth in the Nifty this year, stock picking is the way to go, says Maheshwari
Analysts believe that the truer impact of Covid-19 as regards NPAs could be visible in the quarter even as banks may be tempted to remain prudent due to the second wave of coronavirus
As per some experts, Nifty50 could possibly post the highest earnings growth in a decade in a financial year that was marked by turbulent times in the form of pandemic to lockdowns to GDP contractions
Analysts at top brokerages raise FY21-FY23 estimates by 5-6%
The Centre announced a nationwide lockdown in March last year following the outbreak of COVID-19 in the country. Later, after a few months, restrictions were gradually eased in a phased manner
The earnings per share (EPS) for Nifty companies was Rs 416 in FY17.
Business Standard looks at five key factors that market players believe could have a bearing on the market movement in the near term
Analysts are forecasting Nifty EPS to grow 60% by FY23
It is not all gloom and doom. The rural economy has held up quite well and we should start appreciating it even more, says Sharma in an interview with Puneet Wadhwa
Global central banks have used the balance-sheet expansion mode to tide over the near-term economic stress because of the Covid-19 pandemic
For the sake of context, the financial crisis of 2008 had seen the S&P 500 fall by more than 50 per cent from its peak
Further fall will depend on whether the coronavirus (Covid-19) situation lasts beyond May-June 2020
Based on consensus estimates and their own analysis, earnings for the Sensex and Nifty indicate a growth of 4% and 6% YoY, respectively at the aggregate level.
According to analysts, financials are likely to be the pick of the lot with the sector estimated to clock earnings growth of 53% in FY20
Metals and mining companies topped the earnings growth chart, with 151% growth in the sector's combined net profit during Q2
In the past five years, Nifty earnings growth has increased at a measly 2% CAGR
Overall earnings growth in 1QFY18 was muted due to GST-related destocking and discounts in a couple of consumption related sectors and export/global oriented businesses continuing with the sluggish trend.