Tuesday 20 February 2018

Looking For Bargain Buys? Top 10 Stocks To Buy Post December Quarter Results

Posted by suhani varma on Tuesday, February 20, 2018 with No comments



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Earnings downgrade to upgrade ratio moderated on a sequential basis (QoQ) as 65 companies saw earnings cut of over 3 percent (58 in 2QFY18) and 43 companies saw earnings upgrades of over 3 percent (49 in 2QFY18).After beginning on a strong note, the Q3FY18 earnings season lost sheen towards the end, led by disappointment from heavy-weights like SBI, Tata Motors, Lupin, and ONGC.

However, what’s more, encouraging is that the earnings picture is getting brighter, with the recovery expected to gather pace in FY19, Motilal Oswal said in a note.

Recovery in consumption-oriented sectors, with a broad-based volumes pick-up in Staples, Discretionary, Cement, and Auto, albeit on a low base of demonetisation and upbeat commentary on rural consumption were some of the highlights of December quarter results, it said.

The brokerage firm saw sequential asset quality improvement and a decline in slippages in Private banks, even as PSU banks posted a mixed performance on the asset quality front.

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