Nifty earnings estimates ambitious but a weak rupee doesn’t complicate outlook: Nuvama’s Prateek Parekh
Mint 1 hr ago·25 Sept 2026, 2:30 am
Nuvama’s Prateek Parekh suggests that while corporate earnings estimates for the broader market are ambitious, the weak rupee is not expected to derail this outlook. The currency depreciation is viewed as a net positive, particularly for export-heavy sectors, which benefit from a more favorable exchange rate.
However, this environment presents a mixed bag for investors. While exporters gain, consumer-facing companies and those with thin margins may face challenges. The depreciation increases the cost of imported inputs, potentially squeezing profit margins despite the boost from higher sales volumes in some areas.
Investors should monitor the central bank's intervention in the currency market. Any significant moves to stabilize the rupee could shift the dynamics for export and import-dependent stocks. Keeping an eye on the actual earnings performance will be crucial to validate the current optimistic estimates.
Key takeaways
- Category: Results.
- Flagged as a high-impact, market-moving story.
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