BofA upgrades earnings estimates for Nifty companies
after close1 source ↓written by the desknot a recommendation
- of the Nifty’s
- 71%
Bank of America Global Research has raised FY27 earnings estimates for sectors comprising 71% of the Nifty’s market capitalisation, driven by better-than-expected June quarter results. The brokerage now favors mid-sized private banks and NBFCs over larger lenders, reflecting improving growth trends in the economy. Autos, cement, and regulated power utilities are upgraded to overweight, while healthcare and telecom are underweight.
Not investment advice. For informational purposes only.