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The corporate landscape has undergone a sea change due to Covid-19. And, so have analysts’ expectation from companies operating in various sector.
An analysis done by Motilal Oswal Financial Services (MOFSL) shows, health care and technology are the only two sectors which have seen an upgrade in FY22 earnings. While the telecom, state-owned banking, and retail sectors have seen the biggest downgrades.
At the start of the year analysts were expecting the PSU banking pack to post a combined net profit of Rs 573 crore in FY22. Now they expect them to clock earnings of just
