Nifty Earnings Down, Market Upar? **66%** Stocks Face Downgrades! JM Financial ne khola pol

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AuthorAnanya Iyer|Published at:
Nifty Earnings Down, Market Upar? **66%** Stocks Face Downgrades! JM Financial ne khola pol
Overview

Guys, suno! Nifty 50 companies ka picture thoda confusing ho gaya hai. April mein, **66%** Nifty stocks ke FY27 earnings estimates ko kam kar diya gaya hai, according to JM Financial ki report. Market valuations toh high hain, but actual profits waise nahi badh rahe.

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Aisa kya ho gaya earnings mein?

Asal mein, March mein jo thoda bahut upgrade dikh raha tha, April mein toh usse bhi zyada downgrades hone lage hain. JM Financial bata raha hai ki FY26 ke liye earnings estimates 1.2% aur FY27 ke liye 1.6% mahine dar mahine kam hue hain. Pichhle ek saal mein toh Nifty 50 earnings estimates FY26 ke liye 7.3% aur FY27 ke liye 5.7% tak gir chuke hain. Matlab, market price toh upar hai, par companies ke profits ke andar figures kam ho rahe hain.

Kaunse sectors par zyada asar?

Ye downgrades sirf kuch companies mein nahi hue, balki 33 out of 50 Nifty companies matlab 66% mein FY27 EPS estimates kam hue. Cement aur insurance sectors toh sab taraf se gir gaye. Banking aur auto sector mein bhi 5 mein se 4 companies ko downgrade mila, aur 8 mein se 6 consumer companies ke bhi estimates ghataye gaye. Aviation sector toh sabse zyada gira, 16.7% tak FY27 earnings estimates mein kami aayi, uske baad cement (6.2%) aur insurance (4.8%). Bas metals, mining, IT services aur NBFCs mein hi thoda upgrade dikha.

Banks ka role kya hai?

Waise toh sab jagah cuts chal rahe hain, par Nifty earnings mein banks ka contribution abhi bhi sabse zyada hai, almost 37% FY27 profit ke liye. Lekin HDFC Bank, ICICI Bank, SBI aur Kotak Mahindra Bank jaise bade banks ke bhi estimates mahine dar mahine kam hue hain. Credit growth slow hone aur margin kam hone ki wajah se banks par pressure hai.

Valuations ka chakkar

Sabse badi concern ye hai ki jab ye earnings downgrade cycle chal raha hai, tab bhi Nifty valuations kaafi stretched hain, matlab long-term average se upar chal rahe hain. Abhi Nifty FY26 earnings ke 21.7 times aur FY27 earnings ke 18.6 times par trade kar raha hai. Future recovery par itna depend karna aur saath mein downgrades, isse high valuations maintain karna mushkil ho jayega. Market ka support ab kuch hi sectors par depend karega.

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Disclaimer:This content is for educational and informational purposes only and does not constitute investment, financial, or trading advice, nor a recommendation to buy or sell any securities. Readers should consult a SEBI-registered advisor before making investment decisions, as markets involve risk and past performance does not guarantee future results. The publisher and authors accept no liability for any losses. Some content may be AI-generated and may contain errors; accuracy and completeness are not guaranteed. Views expressed do not reflect the publication’s editorial stance.