Abstract: We analyzed the consensus earnings revisions for NIFTY index component stocks in August 2026, estimating the index 2027E EPS at 1,226 as of end-August, down 0.13% month-on-month from 1,227 in July, with the NIFTY index declining 1.2% over the month to 24,080. Individual stock EPS revisions contributed -1.85 to the index EPS change, with 22 stocks revised up versus 21 revised down. The largest positive contributors to index EPS were State Bank of India (+3.7 to index EPS, stock EPS +4.5% MoM) and Hindalco Industries (+2.6 to index EPS, stock EPS +7.8% MoM), while the largest drags were Tata Steel (-2.2 to index EPS, stock EPS -7.9% MoM), Tata Motors Passenger Vehicles (-2.0 to index EPS, stock EPS -13.0% MoM), and ITC (-1.3 to index EPS, stock EPS -4.1% MoM). Among individual EPS revision leaders, Grasim Industries saw the largest increase at +17.0% MoM, while Adani Enterprises suffered the steepest cut at -28.8% MoM.
Hindalco Industries, Titan, Tata Steel, Tata Motors Passenger Vehicles, Adani Enterprises, Grasim Industries
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