Photo: MintFor the first time in years, aggregate earnings estimates of companies on the Nifty index have risen during the results season. This is in contrast to the past many quarters, where Indian companies disappointed during the earnings season. A moot question, then, is if this can be seen as an inflection point as far as earnings go. And to top it all, with valuations at more than 17 times FY19 earnings, there’s hardly any room for error as far as the earnings performance goes. Results of consumer goods companies suggest consumption demand in urban areas is picking up, and is doing better vis-à-vis rural areas.

Source: Mint November 23, 2017 20:48 UTC