Earnings growth during the third quarter of the current financial year (FY) is expected to be muted due to a tepid festive season. According to an earnings preview by Motilal Oswal Financial Services, the third quarter earnings will be "lacklustre". The report said trends for automobile have worsened, with a sharp moderation in volumes and profit growth. Capital goods will also have a healthy quarter and information technology (IT) is likely to post the fourth straight quarter of double-digit profit growth. According to Antique Stock Broking's report, earnings for its coverage universe for is likely to grow by 3% on-year and a whopping 25.7% excluding energy.

Source: dna January 08, 2019 23:26 UTC