What should investors do with Tata Motors stocks? Shibani Sircar Kurian answers
«Now for FY25, the earnings estimates are still in the range of about 10% to 12% which means that for the second half of the year earnings needs to pick up especially coinciding with the festive season, so there is an expectation of earnings improvement going into the second half of the year and that needs to play out for our markets,» says Shibani Sircar Kurian, Kotak Mahindra AMC
It is a day when you would have said that everything was right for India, crude is down, FIIs have started buying, global cues were decent, yet markets are showing tremendous signs of fatigue and keep Nifty out of this situation, the breadth has been rather poor actually.
Shibani Sircar Kurian: So, of course, our markets have had a great run. Markets have outperformed the emerging market pack by a mile. But like you rightly pointed out that if you look at the fundamentals of the market, whether it be in terms of macro or earnings, they are largely where we were and largely stable.
There are a few key things that we need to keep in mind for the market. When we look at our earnings trajectory on a YoY basis and you look at quarterly earnings trends, the quarterly earnings trends have come off a bit and even in the last quarter while numbers were largely in line with estimates, the estimates itself were muted.
Now for FY25, the earnings estimates are still in the range of about 10% to 12% which means that for the second half of the year earnings needs to pick up especially coinciding with the festive season, so there is an expectation of
