Admin Reporter- POOJA1

Oct 26 2020


Early Q2 results better than expected but market rally may lose steam

Monday, 26 October 2020

The early-bird results have been better than expected with companies showing gains from the unlock. But they have done little to shore up the Nifty50 index’s underlying earnings per share.

 

 

 

In the first two weeks of the earnings season since Tata Consultancy Services (TCS) declared its results on October 7, the Nifty earnings per share (EPS), on a trailing 12-month basis, is up just around 1 per cent from about Rs 344 at the beginning of the current month to Rs 347 at the end of Friday.

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