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VERIFIEDET Markets·positive

Nifty Q1 earnings grow 11% to beat estimate, says Motilal Oswal; picks Bharti Airtel, SBI, ICICI Bank among top bets

AI Summary
  • ·Nifty companies' Q1 profits grew 11% year-on-year, exceeding Motilal Oswal's 7% estimate.
  • ·Reliance Industries, JSW Steel, ICICI Bank, Bajaj Finance, and Axis Bank contributed 59% of the incremental earnings growth.
  • ·InterGlobe Aviation, ITC, Dr Reddy’s, Cipla, and Maruti Suzuki were among the companies that negatively impacted earnings growth.
RELIANCEICICIBANKSBINAXISBANKITCMARUTIDRREDDYCIPLAJSWSTEELBHARTIARTLBAJFINANCENIFTYINDIGO
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