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BofA Braces For Slower India Inc. Earnings Growth After In-Line Third Quarter
Benchmark indices — Nifty 50 and the Sensex — have fallen 13% and 11.8%, respectively, from the previous peak.
14 Feb 2025, 11:32 AM IST 
In a cyclical downturn, BofA continues to see current valuations as expensive. (Photo source: Vijay Sartape/NDTV Profit)
Bank of America expects Indian companies' earnings growth to slow down going ahead, after the earnings tracked by the brokerage were largely in line in the third quarter, led by healthcare. Starting in the fourth quarter of the current fiscal, Nifty 50 and NSE 200 companies could see stable margins and execution pickup, analysts at BofA said in a note. "But select capex-oriented like steel and cement could limit Nifty earnings growth...
