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More results - Nifty EPS moving up but not enough

Deepak Shenoy1 min read
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What is "More results - Nifty EPS moving up but not enough" about?
What category is this article in?
Stocks
Who wrote this article?
Deepak Shenoy, Capitalmind's research team.
When was this article published?
Published 29 July 2008.
How long does this article take to read?
1 min read

More results today:

  • Hero Honda up 43.64%. Very unexpected, excellent results.

Cairn up some 500%+ from 0.21 to 1.4.

Gail up 31% on EPS. Great stuff.

NTPC down 27% on EPS.

Nifty EPS is up to 239+, with results of companies weighing 80% of the Nifty already known. Left are a few big folks (DLF, RCOM, PowerGrid, Unitech, Nalco, Wipro, ITC, TataSteel, Suzlon) and a few smaller ones (TataMotors, TataComm, PNB, M&M, HCLTech).

Will be interesting to see where we end up on Aug 2 when all results are out. P/E is 17+ even now. (To match P/E, Nifty EPS needs to end up at 258, but that is unlikely. Maybe 12% growth now?)