Sunday, Jun 4, 2023
English News
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
    • Rewind
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
  • Rewind
Home | Business | Bfsi Commodities Expected To Drive Fy22 Earnings

BFSI, commodities expected to drive FY22 earnings

New Delhi: India’s banking, financial services and insurance (BFSI) sector along with commodities are expected to drive FY22 earnings, said Motilal Oswal Financial Services (MOFSL) in a report. Accordingly, MOFSL has placed BFSI, IT, metals, and cement in the ‘OW’ (overweight) category in its model portfolio. Besides, it has placed consumer, auto, healthcare, and capital goods […]

By IANS
Published Date - 07:55 PM, Sat - 26 June 21
BFSI, commodities expected to drive FY22 earnings
whatsapp facebook twitter telegram

New Delhi: India’s banking, financial services and insurance (BFSI) sector along with commodities are expected to drive FY22 earnings, said Motilal Oswal Financial Services (MOFSL) in a report.

Accordingly, MOFSL has placed BFSI, IT, metals, and cement in the ‘OW’ (overweight) category in its model portfolio.

Besides, it has placed consumer, auto, healthcare, and capital goods in ‘Neutral’ category and ‘UW’ (underweight) on O&G and infrastructure sectors.

“Corporate earnings in 4QFY21 were led by cyclicals and a combination of low base and strong demand revival as economic activity improved. Corporate India displayed tremendous resilience in FY21, with the Nifty ending the year with a healthy (14 per cent) earnings growth, which was unthinkable a year back,” the report said.

“The second Covid wave in April-May, 2021 has soured sentiments and impacted economic activity. Since the restrictions this time were localized and less stringent versus the lockdown in CY20, we expect the impact in 1QFY22 to be contained.”

According to the report, earnings momentum is expected to accelerate in FY22 as the pace of vaccinations picks up and the economy opens up further.

“BFSI and commodities are expected to drive FY22E earnings. The market has been strong and largely looked through the second Covid wave on the back of strong liquidity and robust participation from non-institutional investors.”

“The recent commentary by the (US) Fed on earlier than anticipated tapering and India’s elevated CPI print have rattled some nerves, even as equity-bond yield dynamics are not showing any red flags.”

  • Follow Us :
  • Tags
  • 4QFY21
  • BFSI
  • FY22E earnings
  • MOFSL

Related News

  • London Stock Exchange Group to set up tech centre in Hyderabad

    London Stock Exchange Group to set up tech centre in Hyderabad

  • BFSI, technology drive office space take-up in Hyderabad

    BFSI, technology drive office space take-up in Hyderabad

  • Headwinds in BFSI segment to affect IT companies revenue growth in FY24, says Crisil

    Headwinds in BFSI segment to affect IT companies revenue growth in FY24, says Crisil

  • Hiring in IT sector slows down by 18 per cent in October: Report

    Hiring in IT sector slows down by 18 per cent in October: Report

  • Non-financial debt jumps 11.9% to Rs 371 lakh cr in Sept quarter: Report

    Non-financial debt jumps 11.9% to Rs 371 lakh cr in Sept quarter: Report

  • Global Woes: FIIs’ pumped out $13.5 billion from Indian equity market

    Global Woes: FIIs’ pumped out $13.5 billion from Indian equity market

Latest News

  • Nizamabad student dies in New Jersey car accident

    2 mins ago
  • Device implanted near spinal cord of an African national to make him walk

    9 mins ago
  • Speculation of TDP and BJP alliance reignited as Chandrababu meets Amit Shah 

    3 mins ago
  • WhatsApp working on compatibility with iPad for linked devices

    1 min ago
  • Research reveals plants can detect touch

    56 mins ago
  • Kriti shares ‘No filter Sunday’ selfies

    58 mins ago
  • Lionel Messi crowned as top assist provider in Ligue 1 for 2022-2023 season

    1 hour ago
  • Yami Gautam wishes hubby Aditya Dhar on 2nd wedding anniversary

    2 hours ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam