Premium
This is an archive article published on July 10, 2012

Brace for 8216;weak8217; India Q1 earnings: BofA

Indian corp results should be weak,warns BofA-Merrill Lynch,sees market fall.

google-preferred-btn

Indian corporate earnings results for Jan-March should be weak,warns Bank of America-Merrill Lynch,sees potential for a stock market correction.

BofA-ML estimates headline profit growth for fiscal Q1 is likely to be to 13.7 percent,but 9.7 percent if excluding State Bank of India.

Investment bank says estimates sales growth of 16.7 percent across its coverage universe,calls it the lowest sales growth in the last 10 quarters.

Says SBI,ICICI Bank,HDFC Bank,Infosys and Tata Motors are expected to be the key contributors of growth.

However,Reliance Industries,Tata Steel,Hindalco Industries to drag down growth,BoA-ML forecasts.

Drilling down into specific forecasts,BoA-ML expects results buys to be ICICI Bank,HCL Tech,Apollo Tyres ,and Jaiprakash Hydro Power.

However,among disappointments BoA-ML sees Reliance Industries ,IDEA,and Larsen amp; Toubro.

Stocks More on HDFC Bank

Company INFO More on State Bank of India

 

Latest Comment
Post Comment
Read Comments
Advertisement
Live Blog
PHOTOS
In pics: From concept supercars to electronic SUV's: Bharat Mobility Global Expo 2025 was all about innovation
In Pics: From Concept Supercars to Electric SUVs – Innovation at Bharat Mobility Global Expo 2025
Top Stories
The protest was held in Dehradun on Sunday seeking accountability in the case of 19-year-old Ankita Bhandari’s murder.
‘We’ll continue until Ankita gets justice’: Protests rage across Uttarakhand demanding CBI probe in 2022 murder
Kabaddi promoter Kanwar Digvijay Singh was shot dead; Police and forensic teams inspect the crime scene. (File Photo)
Cash, crime and kabaddi: Another killing shows rising stakes of ‘rural’ sport in Punjab
Anurag Kashyap heaps praises on Ranveer Singh's Dhurandhar.
Anurag Kashyap heaps praise on Dhurandhar while disagreeing with its politics: 'Aditya Dhar is a Kashmiri Pandit who has suffered'
Jay Bhanushali and Mahhi Vij confirm divorce
Jay Bhanushali and Mahhi Vij announce divorce after 14 years of marriage: 'We chose peace over drama'
His first internship was difficult, but it pushed him to improve
10-hour factory shifts to US tech firm: How Indian man rewrote his future in just 18 months after dropping out of college
Snow-covered roads and mountains are visible in the background
Shirtless men dance with hookahs in snow-covered Himachal, video sparks backlash
Bangladesh's first three matches in the 2026 T20 World Cup are scheduled to be played in Kolkata while the last is slated to be hosted by Mumbai. (BCB Photo)
BCB told to get Bangladesh's T20 World Cup matches shifted out of India
Satwik
Badminton: With home titles proving elusive, India Open 2026 presents the country's top shuttlers with chance to prove big-match credentials
My wish for 2026 is that we somehow manage to get an Opposition party that will put the Modi government on the mat for its many failures on many, many fronts.(Illustration: C R Sasikumar)
My wish for 2026 is that we somehow manage to get an Oppn party
Maduro captured, flown out; US to run Venezuela: Trump
US capture of Venezuela’s Nicolas Maduro puts New Delhi in a bind
low salt diet
This is what happens to the body when you are on a low-salt diet
CES 2026 keynotes
CES 2026: How to watch Nvidia, Samsung, Lenovo keynotes live; date and timings
Advertisement
Must Read
BCB told to get Bangladesh's T20 World Cup matches shifted out of India
Bangladesh's first three matches in the 2026 T20 World Cup are scheduled to be played in Kolkata while the last is slated to be hosted by Mumbai. (BCB Photo)
Badminton: With home titles proving elusive, India Open 2026 presents the country's top shuttlers with chance to prove big-match credentials
Satwik
Craig Fulton interview: 'With packed Pro League schedule, and World Cup-Asian Games block in mind, looking to select two separate groups'
Fulton
CES 2026: How to watch Nvidia, Samsung, Lenovo keynotes live; date and timings
CES 2026 keynotes
Ancient ape fossils offer new clues to humanity’s first steps
At the time, some researchers suggested the species could be the direct ancestor of modern humans, largely based on the position of the skull. (Image: Smithsonian)
Elon Musk’s X says users, not Grok, will be liable for illegal AI-generated content
Many users turn to AI chatbots like Grok and Ask Perplexity to verify claims circulating on X.
This is what happens to the body when you are on a low-salt diet
low salt diet
Advertisement
Buzzing Now
10-hour factory shifts to US tech firm: How Indian man rewrote his future in just 18 months after dropping out of college
His first internship was difficult, but it pushed him to improve
Shirtless men dance with hookahs in snow-covered Himachal, video sparks backlash
Snow-covered roads and mountains are visible in the background
‘Not unjust enrichment’: how a Mumbai trader turned stock broker’s technical glitch into Rs 1.75-crore profit
Rajguru later made profits of Rs 2.38 crore, leading to a net gain of Rs 1.75 crore
Google engineer shares AI coding tool builds in 1 hour what her team spent a year on
'Nobody listened to me': Zomato CEO Deepinder Goyal recalls childhood bullying over skin tone and the ‘biggest hurt’ before his success
Deepinder Goyal that his introverted nature had proved to be lucky for him
Jan 04: Latest News
Advertisement