Q4 earnings upgrades likely, IT may see more derating; metals in bull run: GV Giri

Synopsis India Inc.’s earnings are poised for a turnaround. Q4 results are anticipated to show upgrades, a shift from recent downgrades. The pace of downgrades has slowed, signaling positive momentum. While IT faces challenges from AI, sectors like banks, pharma, and metals are favored. Metals are entering a strong bull phase. India Inc.’s earnings cycle may be nearing an inflection point, with Q4 results expected to see upgrades after several quarters of downgrades, according to GV Giri, President & Head of Research at IIFL Capital Services. Speaking to ET Now, Giri said the pace of earnings downgrades has steadily reduced…