India not yet a consensus buy amid oil, tech disruptions: Global brokerages
A quarterly results development with market-wide reach.
· Business Standard Mkts
India is yet to emerge as a consensus buy for foreign investors, with relative growth prospects, elevated oil prices and uncertain IT earnings weighing on inflows.
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Related coverage
Meesho Q2 Results: Loss narrows to Rs 132 crore YoY, revenue rises 34%
Vedanta Oil and Gas swings to ₹746 crore profit in Q2 despite output dip
Q2 Results Live: Varun Beverages Q3 Net Profit Rises 14% YoY; Reliance Slips, Sun Pharma Gains Ahead Of Earnings
Why is VBL down 5% despite Q3 PAT jumps on double-digit volume growth?
Aditya Birla Capital Q2 profit rises 38% to Rs 1,288-cr