Key Points
As a result, domestic brokerage Motilal Oswal has upgraded its earnings outlook for FY2025 for five stocks -- Tata Motors, Coal India, Hero MotoCorp, Cipla, and Bharti Airtel..
On the flip side, UPL, LTIMindtree, ITC, Divi's Labs, and Hindustan Unilever (HUL) invited downgrades...
The aggregate earnings of the companies in the MOFSL universe exceeded expectations and rose 29% year-on-year (YoY) versus an estimated 19%..
Domestic cyclicals like autos and financials along with global cyclicals including metals and oil & gas drove the beat while the technology sector posted a marginal decline in earnings..
Metal companies posted a 74% YoY growth in December quarter earnings versus Motilals estimates of 25% YoY growth over a weak base of 3QFY23..
