These are the top 10 stock picks by Motilal Oswal post March-quarter earnings
Updated : 2019-06-07 15:23:51
The March-quarter corporate earnings were mostly in line with expectations. Nifty companies reported a 15.8 percent rise in profit against Motilal Oswal's (MOSL) expectations of 16.8 percent.According to the brokerage, sales growth for the Nifty stocks was the slowest since December 16, dragged mainly by commodities such as metals and oil and gas. Going ahead, the brokerage said positive sentiment, expectations of reforms and a potential revival in domestic flows could keep valuations rich. Five stocks including UPL, State Bank of India (SBI), Tata Motors, and Tata Steel have seen EPS (earnings per share) upgrades by the brokerages, while, Asian Paints, Hindalco, Sun Pharma and Bharti Infratel saw EPS downgrades for FY20. MOSL's top largecap picks include SBI, ICICI Bank, Maruti, L&T, Infosys, Bharti Airtel, Coal India, Titan, Ultratech, and HDFC Life.