Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

ONGC bumps up Nifty EPS

28 Jul 2008Deepak Shenoy1 min read

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What is "ONGC bumps up Nifty EPS" about?
What category is this article in?: Stocks
Who wrote this article?: Deepak Shenoy, Capitalmind's research team.
When was this article published?: Published 28 July 2008.
How long does this article take to read?: 1 min read

Results today (Nifty stocks only):

ONGC shows an EPS growth of 50%. Bumps up nifty EPS as it has a huge weightage in the Nifty.

LT gives major bhaav and shows EPS growth of 41.46%.

Sunpharma shows an EPS growth of 120% (!)

BPCL goes from EPS of +6.6 to -28.45. I have no idea how bad that is but BPCL is only 0.44% of the Nifty.

HDFCBank’s EPS is up a whopping 8%. I was thinking it will be a drop in EPS so this is actually quite good.

Hindalco does 13%.

Tata Comm (VSNL) shifts results out to 30th. Bad news there?

Nifty EPS has now moved to Rs. 238. It was 220 as of Aug 1, 07 - which means for a 10% growth (please, at least 10%!) we need to go to Rs. 242. The remaining stocks account for 28.65% of the Nifty - and as of now, not considering them, the Nifty has grown 11.62% on EPS. P/E is still 18.