Web Sify
Follow us on
Mail
Print

End of earnings downgrades

Source : BUSINESS_STANDARD
Last Updated: Mon, Oct 08, 2012 19:36 hrs

The initial result previews published by research houses suggest that the process of earnings downgrades is bottoming out. About a year back, the analysts were expecting the FY13 earnings for the Sensex at Rs 1,370. This now stands at Rs 1,260. A combination of global uncertainties, a weak rupee and slowdown in the Indian economy has led to an almost 8 per cent downgrade in Sensex earnings for 2012-13, over the past one year. However, experts now believe there is limited scope for further downgrades.




More from Sify:
blog comments powered by Disqus
most popular on facebook
talking point on sify finance