BofA upgrades earnings estimates for Nifty companies
pre-market1 source ↓written by the desknot a recommendation
- of the Nifty's
- 71%
Bank of America Global Research has raised its FY27 earnings estimates for sectors comprising 71% of the Nifty's market capitalization, driven by better-than-expected June quarter results. The brokerage now favors mid-sized private banks and NBFCs over larger lenders, while upgrading autos, cement, and regulated power utilities to overweight.
High-frequency indicators like GST collections and credit growth support these upgrades, indicating improving growth trends.
Not investment advice. For informational purposes only.