You are here: Home » Specials » SI » Others
Business Standard

Stocks: What's preferred, what's not after demonetisation

Consolidated earnings per share estimates of SCI, Orient Cements and PCJ were downgraded sharply

Sheetal Agarwal 

Fund Managers, Stock market, US Election, Currency
Photo: Kamlesh Pednekar

The have witnessed increased volatility and trended southward in the past three weeks, thanks to and a Trump win in the US elections. Most experts believe the former will hamper economic growth and corporate India’s performance  meaningfully in the second half of this financial year. This is also reflected in a host of downgrades of both GDP as well as earnings growth estimates for this financial year. 

In this backdrop, here are 10 stocks which have witnessed highest earnings per share (EPS) downgrades and upgrades after November 8 (see table). Consolidated earnings per share estimates of SCI, and were downgraded sharply, while that of BHEL, Tata Communications and Indian Bank saw the highest upgrades. 

Moreover, these earnings revisions also factor in fundamental factors such as improving order inflows for BHEL even as rising asset quality pain, particularly of its subsidiaries, have triggered downgrades of SBI’s consolidated earnings. Overall, these revisions are an important indicator of investor sentiment around these stocks.

Market


RECOMMENDED FOR YOU

Stocks: What's preferred, what's not after demonetisation

Consolidated earnings per share estimates of SCI, Orient Cements and PCJ were downgraded sharply

Consolidated earnings per share estimates of SCI, Orient Cements and PCJ were downgraded sharply
The have witnessed increased volatility and trended southward in the past three weeks, thanks to and a Trump win in the US elections. Most experts believe the former will hamper economic growth and corporate India’s performance  meaningfully in the second half of this financial year. This is also reflected in a host of downgrades of both GDP as well as earnings growth estimates for this financial year. 

In this backdrop, here are 10 stocks which have witnessed highest earnings per share (EPS) downgrades and upgrades after November 8 (see table). Consolidated earnings per share estimates of SCI, and were downgraded sharply, while that of BHEL, Tata Communications and Indian Bank saw the highest upgrades. 

Moreover, these earnings revisions also factor in fundamental factors such as improving order inflows for BHEL even as rising asset quality pain, particularly of its subsidiaries, have triggered downgrades of SBI’s consolidated earnings. Overall, these revisions are an important indicator of investor sentiment around these stocks.

Market


image
Business Standard
177 22

Stocks: What's preferred, what's not after demonetisation

Consolidated earnings per share estimates of SCI, Orient Cements and PCJ were downgraded sharply

The have witnessed increased volatility and trended southward in the past three weeks, thanks to and a Trump win in the US elections. Most experts believe the former will hamper economic growth and corporate India’s performance  meaningfully in the second half of this financial year. This is also reflected in a host of downgrades of both GDP as well as earnings growth estimates for this financial year. 

In this backdrop, here are 10 stocks which have witnessed highest earnings per share (EPS) downgrades and upgrades after November 8 (see table). Consolidated earnings per share estimates of SCI, and were downgraded sharply, while that of BHEL, Tata Communications and Indian Bank saw the highest upgrades. 

Moreover, these earnings revisions also factor in fundamental factors such as improving order inflows for BHEL even as rising asset quality pain, particularly of its subsidiaries, have triggered downgrades of SBI’s consolidated earnings. Overall, these revisions are an important indicator of investor sentiment around these stocks.

Market


image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard