Q3 FY24 Results Preview – Market Could Ignore If/Any Weakness In Earnings: IDBI Capital

Q3 FY24 Results Preview – Market Could Ignore If/Any Weakness In Earnings: IDBI Capital
Q3 FY24 Results Preview – Market Could Ignore If/Any Weakness In Earnings: IDBI Capital

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.Nifty-50 is up 11% in Q3 FY24 and valuation has moved to 20 times 12 months forward price earnings ratio versus historical average of 18 times.In the upcoming Q3 FY24 result season, we expect continuation of margin improvement on QoQ basis for fast-moving consumer goods, Cement and few Metal companies. Commodity prices have seen weakness and this to benefit commodity…
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Source: https://www.ndtvprofit.com/amp/research-reports/q3-fy24-results-preview-market-could-ignore-ifany-weakness-in-earnings-idbi-capital