 "Sensex, Nifty, BSE, NSE, stock market")
HDFC Life, SBI Life, and Tata Motors have seen the highest upward revisions in 2023–24 (FY24) earnings estimates among the National Stock Exchange Nifty components.
Meanwhile, Oil and Natural Gas Corporation, UPL (formerly United Phosphorus), and Grasim Industries have seen the maximum downward revision following disappointing 2022–23 (FY23) January–March quarter numbers.
By and large, the FY24 earnings per share (EPS) estimates for the Nifty index have seen a slight downward revision of 0.6 per cent. The Street now expects the Nifty EPS to grow 20 per cent to Rs 972 in FY24, from Rs 807 logged in FY23.
The 50-share benchmark index last
