Q4 Earnings Scorecard: What’s the Street view and which stocks to buy now

The earnings of 26 Nifty companies that declared March quarter results have increased by 10% YoY, driven by financials, according to Motilal Oswal Securities. Earnings momentum continued in the banking pack, with most lenders reporting growing margins, while consumer earnings growth remained flat YoY. Companies in both consumer and IT have reported weak earnings and a bleak outlook for growth this year due to muted consumption growth and expected global macroeconomic slowdown. Kotak Institutional Equities predicts moderate earnings growth over FY24-25 with few upgrades across sectors and has added Adani Ports and SEZ to its largecap portfolio.