It’s now official news that the result of the third quarter would not be so good. Not a single brokerage has recorded an upbeat on the India’s Inc for the quarter ended in December. Sectors like those of telecom, real estate, autos, and metals are not expected to yield well on the Sensex while there are sectors like IT, consumer goods and energy from which most of the analysis expect some better responses.
According to a recently revealed report from the Bank of America Merrill Lynch (BoAML) the growth in the operating profits for the 30-stock Sensex is expected to fall by 8.5 percent which would amount to the worst in the past nine quarter and it the report also added that 8 of these 30 companies will also record a drop in the profits.
The BoAML doesn’t expect much profits from the real estate sector even thought the performance of the sector was good due to the festive season. The sector continues to be distressed with issues like liquidity and delays. According to a report by Motilal Oswal Securities in the quarter ending in December real estate developers are expected to make good progress to handle with the liquidity issues and the first indication of the change in trend shall be seen in DLF’s figure.
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