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NIFTY Index Earning Revision (Oct): ICICI Bank, Maruti Suzuki India, InterGlobe Aviation, JSW Steel

30 Oct 2026 By Ke Yan, CFA, FRM
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Abstract: We analyzed the monthly EPS and revenue revisions for the 46 component stocks of NIFTY for October 2026. NIFTY's 2027E consensus EPS rose 0.19% month on month to ₹1,220, with 27 stocks revised up versus 19 revised down, while the index itself rose 1.9% to 23,053. Individual stock EPS revisions contributed ₹2.53 to the index's EPS change. ICICI Bank had the largest positive impact on index EPS (+₹4.82) on a 3.9% EPS upgrade, while Maruti Suzuki India had the largest negative impact (-₹1.77) on a 12.9% EPS cut. By percentage change, InterGlobe Aviation saw the steepest EPS downgrade at -37.2%, followed by Eternal at -29.0%, while JSW Steel led upgrades at +12.5%.

JSW Steel (JSTL IN) HDFC Bank (HDFCB IN) InterGlobe Aviation (INDIGO IN) Tata Motors Passenger Vehicles (TMPV IN) Maruti Suzuki India (MSIL IN) ICICI Bank (ICICIBC IN)

Highlighted Stocks

JSW Steel, HDFC Bank, InterGlobe Aviation, Tata Motors Passenger Vehicles, Maruti Suzuki India, ICICI Bank

Series: Index Earnings Revision Monthly: all issues →

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