Synopsis

The Q1 FY27 earnings season gathers pace on Monday, with 68 companies set to announce their April-June quarter results. Key names on the radar include Coal India, Tata Power, Bharat Electronics, Godfrey Phillips, Coforge and Canara Bank. Investors will also track earnings from Indus Towers, Tata Chemicals, HUDCO, Happiest Minds Technologies and several other companies across sectors.

As many as 68 companies are set to announce their April-June quarter (Q1 FY27) results on Monday. The list includes state-owned Coal India, Tata Power, defence major Bharat Electronics, Godfrey Phillips, Coforge, and Canara Bank.

Other key companies scheduled to report their earnings include Aeroflex Industries, Happiest Minds Technologies, Aurionpro Solutions, Balaji Amines, Indus Towers, CCL Products, Capri Global Capital, Gravita India, Home First Finance Company, HUDCO, IFB Agro Industries, Tata Chemicals, Sigachi Industries, Supreme Petrochem, Tilaknagar Industries, Tamilnad Mercantile Bank, Sumitomo Chemical India, and Usha Martin, among others.

Indian equity benchmarks snapped a five-session losing streak on Monday, with the Sensex and Nifty opening sharply higher as easing geopolitical tensions in the Middle East, falling crude oil prices and other positive global cues lifted investor sentiment.

The Sensex surged 637 points to 76,696, while the Nifty 50 climbed 197 points to 23,965 in early trade. The rally added nearly Rs 4 lakh crore to the combined market capitalisation of all BSE-listed companies, taking it to around Rs 479 lakh crore.

Wall Street major Goldman Sachs expects the Nifty 50 to rebound to 26,500 by June 2027, above its current record high of 26,373, as it turns more constructive on India amid an improving macroeconomic backdrop.

The brokerage said lower commodity prices, a stable currency, resilient domestic growth, healthy second-quarter earnings expectations, and the potential recovery in select domestic sectors have strengthened the outlook for Indian equities.

Goldman expects a shift in market leadership in the second half of the year, with investors rotating from growth stocks to value plays. It said valuation de-rating weighed on market returns in the first half amid concerns over an economic slowdown, while growth stocks outperformed due to the scarcity of earnings.

Looking ahead, the brokerage expects investors to increasingly favour reasonably valued segments as expectations of an economic recovery strengthen. Goldman Sachs also believes that as foreign outflows reverse in the second half, the biggest beneficiaries are likely to be the most heavily sold and attractively valued pockets of the market, particularly large-cap stocks and banks.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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