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The Economic Times
The Economic Times
Veer Sharma

Nifty Q1 earnings grow 11% to beat estimate, says Motilal Oswal; picks Bharti Airtel, SBI, ICICI Bank among top bets

Motilal Oswal Nifty ICICI Bank Bharti Airtel SBI Bajaj Finance Interglobe Aviation Axis Bank CIPLA ITC

Nifty companies have delivered a stronger-than-expected start to the first-quarter earnings season, with profits of the 39 index constituents that have reported results so far rising 11% year-on-year, according to domestic brokerage Motilal Oswal.

The brokerage said that the growth has outpaced its expectation of 7% and reiterated its top Nifty picks, including Bharti Airtel, SBI, ICICI Bank, M&M, Titan, Eternal, Shriram Finance, Bajaj Finance and InterGlobe Aviation, its said in its August strategy note.

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