BoFA Merrill Downgrades FY 2014 Sensex Earnings Estimates

It is important that we always tick to the fundamentals of Investing – Earnings. Markets tend to rise / overshoot based on surplus liquidity in other parts of world chasing growth stocks. Now what happens when their is no Growth ? Investors Chase Value. In this backdrop and the severe paralysis on the Reforms front by a massively corrupt UPA Government squandering tax payers money on social causes for vote bank, Indian companies are expected to grow lower than expectations in FY 2014.

FY 2014 Earnings Expectations of SENSEX
The earnings Expectations of Sensex for FY 2014 from various Research entities in Jan / Feb 2013 is as follows, (more…)