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Note Ban Impact on Q3 earnings not as bad as feared

Note Ban Impact on Q3 earnings not as bad as feared

Monday, January 30, 2017, 9:23 AM

The impact of note ban on corporate earnings may have been overestimated, December quarter earnings data shows. More than 58% of the top firms that have reported their financial results for the three months ended 31 December exceeded or met analysts’ estimates. An analysis of 94 of the BSE500 companies shows that 55 have reported earnings that met or beat estimates.
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