Q3 Results: The results of the third quarter are over. Now is the time to know who passed and who failed in this quarter. Motilal Oswal took out a report to explain the entire picture of the third quarter. Describing the special things of this report, Yatin Mota of CNBC-Awaaz said that in his report released on Q3 results, Motilal Oswal has reduced the estimate of FY25/26 profit by 9/7 percent. FY25/26 has been cut off the profits of most sectors. Telecom and metal have upgraded the most earrings for FY26. On the Q3 results of the Nifty, Mosl has upgraded 4 downgrade and 1.
Motilal Oswal has cut 1.2%/1.5% in the EPS estimate of FY26/27 of Nifty. He believes that Nifty FY26 EPS can be Rs 1205. On the results of Nifty companies, Motilal Oswal says that 36 companies have seen a growth of 1 per cent annually. It was estimated to be at 2 per cent. The results of 50 per cent of the Nifty companies have been according to estimates. The results of the banking sector are mixed in Q3. At the same time, the asset quality of NBFCs has declined. On the performance of IT services in Q3, MOSL said that the numbers of IT companies have been mixed in the quarter that is weak. The IT services has been an average revenue growth of 1.8 per cent on a quarterly basis.
Talking about the third quarter performance of the auto sector, MOSL said that the management commentary on FY26 demand is not clear. At the same time, on the performance of healthcare in Q3, brokerage says that there has been double digit growth in the domestic formulation business of Forma companies. Their US business has seen lethargy.
At this time, avoid panic selling in the market, market is giving a chance to buy in good shares
Mosl on valuation
On the valuation of the market, MOSL says that the Nifty is trading at P/E of 22.6 times. The valuation of the Nifty is close to the long -term average. Mid-multicap shares of Sep 2024 have fallen significantly. But their valuation is still expensive. Most sectors are trading on historical valuations. Auto, private banks, retail valuations are trading below historical level.
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