Nov 11, 04:27 AM

Jefferies India's Steepest Downgrade Since 2020: Cuts FY25 Earnings Estimates for 63% of Companies

Jefferies India has lowered its FY25 earnings estimates for 63% of the companies it covers, marking the steepest downgrade since 2020. This adjustment reflects the broader earnings slowdown in India Inc, where more than half of Nifty firms reported lower-than-expected profits in Q2FY25. Non-financial companies faced significant headwinds with muted revenue growth and declining margins and profits, while the BFSI sector managed to outperform the rest of the corporate sector. Additionally, more than a fifth of stocks under Jefferies India's coverage are trading below the June election results lows, indicating investor concerns over the current market conditions.

#Jefferies India #India Inc #Nifty #BFSI

Written with ChatGPT .