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
A monthly review of consensus earnings revisions for NIFTY constituents. Each issue estimates how the index's forward EPS changed over the month, and tabulates the stocks with the largest impact on index EPS alongside their EPS and revenue revisions. All issues of Index Earnings Revision Monthly →
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