Advantages of companies earning up to 10% after tax reduction

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Ahmedabad. September 23, 2019, Monday

The company's earnings are projected to increase by up to 5% after the government announces other financial concessions, along with a reduction in corporate tax.

Last week, the government was surprised by the reduction in corporate tax. The move led to the biggest surge in the Sensex of the last decade.

Today, the move is expected to increase the earnings of the companies by up to 5% as the move moves faster with market moves becoming positive in the new week.

Along with the earnings estimates, various brokerage firms have increased the index for the upcoming Diwali and the budget and financing year end. Under these circumstances, the Nifty Earning Estimate has been upgraded to 5% for the fiscal year 1 and 2. While the Nifty EPS is estimated to be increased to 8.5%.

On the other hand, the Sensex estimate for the end of March 3 is projected to rise to 2 and the Nifty to 5.


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