Earnings outlook improves as oil prices ease
after close1 source ↓written by the desknot a recommendation
Earnings growth in India may improve from Q2 2023 as lower crude oil prices and easing geopolitical tensions provide a boost. Sridhar Sivaram, Investment Director at Enam Holdings, noted that while Q1 might remain soft, the outlook for subsequent quarters is more optimistic. Consumption remains resilient, indicating potential opportunities in the broader market despite challenges in large-cap sectors.
Not investment advice. For informational purposes only.