Market Quote : As expectations are getting reset in sync with the first quarter earnings that are underway Says S Ranganathan, LKP Securities
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Below Quote on Market 24 July 2023 By S Ranganathan, Head of Research at LKP Securities
As expectations are getting reset in sync with the first quarter earnings that are underway, we witnessed profit booking post earnings and news flows today in heavy weights as well as financials. Investors need to be mindful of cuts in stock prices if eventual outcomes on earnings fail to match up with expectations. The PSE Index however exhibited keen interest from participants as several of its constituents rose on the back of likely inclusion in the MSCI as well as new clean energy orders.
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