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Morgan Stanley's Ridham Desai Sees Earnings 'Upcycle' In India After Q4 Results
Earnings growth was positive for eight of the 10 sectors tracked by Morgan Stanley.
07 Jun 2023, 08:17 AM IST
The in-line revenue growth and profit beat by Indian companies in the fourth quarter substantiates an earnings 'upcycle' trend in India, according to Morgan Stanley's Ridham Desai.Earnings growth was positive for eight of the 10 sectors tracked by Morgan Stanley, led by consumer discretionary and communication services sectors.Companies under Morgan Stanley's coverage reported revenue, Ebitda, profit before tax and net profit growth ...
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