Out of Favour! Tech Mahindra among 5 stocks to see over 5% EPS downgrades post Q1 show

Five Nifty companies saw earnings per share (EPS) downgrades of over 5% for FY24 following their Q1 earnings. EPS is an important financial measure, which indicates the profitability of a company. It is calculated by dividing the company’s net income by its total number of outstanding shares. It is a tool that market participants use frequently to gauge the profitability of a company before buying its shares. The higher the earnings per share of a company, the better its profitability. (Data Source: MOFSL)

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