10 stocks that saw highest upgrades and downgrades after Q2 results: Elara Capital
The brokerage estimated that Nifty PAT margin during the September quarter has trended down 348 bp YoY at 11.5% but is up 2 bp quarter-on-quarter (QoQ). The brokerage expects the margin to recover from Q3FY23, given continued correction in raw material prices during Q2FY23 and Q3 FY23TD across sectors coupled with easing off of high-cost inventory and continued price hikes by companies.