Abstract: We analyzed the earnings revision of NIFTY 50 component stocks for June 2026, estimating the index 2027E EPS at 1,230, up 0.51% month on month from 1,224 in May. The NIFTY index rose 2.1% over the month, from 23,383 to 23,866, with 17 stocks seeing upward EPS revisions versus 27 with downward revisions. Individual stock EPS changes contributed -INR 4.53 to index EPS in aggregate. The largest positive contributors to index EPS were Coal India (+INR 1.79), HDFC Bank (+INR 1.50), and ICICI Bank (+INR 1.25), while Tata Motors Passenger Vehicles (-INR 1.86) and Oil & Natural Gas (-INR 0.59) were the biggest drags. At the stock level, Tata Motors Passenger Vehicles saw the steepest EPS cut at -10.8% and InterGlobe Aviation fell -7.5%, while Asian Paints led upgrades at +2.70% followed by Eternal at +1.57%.
HDFC Bank, Hindalco Industries, InterGlobe Aviation, Nestle India, Bharti Airtel, Tata Motors Passenger Vehicles
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