After a bump-up in the first half of the third-quarter earnings season, the Nifty50 index earnings per share is once again on a downward trajectory after a clutch of index companies reported a YoY decline in earnings this week.
The Nifty50 index closed Wednesday with trailing earnings per share (EPS) of Rs 361.3 down from its recent high of around Rs 378 early this month. The index on Wednesday closed at 15,106.50, down 2.80 points or 0.019 per cent.
The index had started the current earnings season with EPS of around Rs 364.
State Bank of India, Mahindra & Mahindra, Bajaj Finance, Axis

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