EPS: EPS downgrades exceed upgrades in 3 months

Mumbai: The earnings upgrade-to-downgrade ratio has weakened over the past three months, with 251 companies in the Nifty 500 universe experiencing downgrades for FY24, compared with 152 upgrades, Bloomberg data showed. Among the Nifty 50 companies, 30 experienced downgrades, while 19 underwent upgrades in this period. A Bloomberg earnings upgrade or downgrade is the consensus … Read more

Big movers on D-Street: What should investors do with Deepak Fertilisers, Whirlpool of India and Kotak Mahindra Bank?

Benchmark indices extended gains to the sixth straight day on Tuesday. The 30-share BSE Sensex closed higher by 349 points at 73,057 and the broader Nifty rose 74 points to settle at a new record level of 22,196. Stocks that were in focus included names like Deepak Fertilisers, which rose 3.55%, Whirlpool of India, which … Read more