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One Sector Will Rescue Q3 Earnings, Strong Recovery Ingredients Still Missing: UBS
18 Jan 2019, 10:56 PM IST
The street expects Nifty earnings growth of 9 percent year-on-year for this quarter. Financials are expected to be the big driver, excluding which earnings will decline by 5 percent year-on-year. In previous quarters, global commodities supported Nifty earnings growth, however this time around they are likely to be a drag. To meet the full-year consensus expectations of 18 percent earnings growth, the asking rate for Q4FY19—assuming ...
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