Market Movers: EPS Downgrades for Trent, Asian Paints, ITC; Big Boost for Bharti Airtel, Hindalco
The Indian stock market’s benchmark index, Nifty 50, has remained largely unchanged over the past twelve months, despite significant downward revisions in corporate earnings projections. According to a recent report by JM Financial, while stock prices have shown resilience, earnings estimates have been progressively lowered over the past year, signaling potential concerns about corporate profitability….