India Inc feels the pinch! Earnings downgrades in Q1 highest since June β20
Corporate India logged its least flattering earnings expectations since the immediate aftermath of Covid shutdowns, with the June quarter upgrade-to-downgrade ratio plunging to 40% in an apparent reflection of demand moderation across swathes of the consumption economy. That’s the lowest reading since June 2020 for the ratio that captures expectations of earnings by analysts covering…
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