BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
We expect our universe earnings to decline 17% while Nifty earnings to remain flat YoY in Q2 FY23. The aggregate performance is adversely impacted by a sharp drag from global commodities.
Excluding metals and oil and gas, we expect our universe and Nifty to post a solid 30% earnings growth each, fueled by banking, financial services and insurance and autos.
Apart from metals and oil and gas, the earnings will be dragged by cement and healthcare.
Sectors focused on domestic consumption/investments are likely to outperform the sectors dependent on global demand / cyclicals / commodities.
Margins are projected to decline 310 basis points YoY for our universe (excluding oil marketing companies).
With softening of commodity prices, H2 FY23 should see a good rebound.
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This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
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