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Analysts cut FY20 EPS for these 23 companies in last 4 quarters; should you sell?

Updated : June 12, 2019 02:09 PM IST

Net FY20 earnings estimates for BSE100 improved QoQ from -29 percent to -23 percent, led by net upgrades in materials, industrials, and utilities sector companies.
Elara also downgraded Nifty EPS for FY20 to Rs 612 (down 2.5 percent) and FY21 to Rs 735 (down 1.4 percent) compared to the last quarter's (Q3FY19) estimate, primarily led by energy, materials, and telecom.
Earnings downgrades by analysts often reflect the lowering of confidence in the company from a short or a long-term perspective. But, that does not change the fundamentals of the company.
Analysts cut FY20 EPS for these 23 companies in last 4 quarters; should you sell?

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