16 Nifty companies beat the Street

16 Nifty companies beat the Street in Q3; should you buy, sell or hold

India Inc's December quarter results witnessed headwinds given the tight situation, currency volatility, slowdown in government spending ahead of elections and global trade issues.

Out of the 50 Nifty companies, 16 (32%) reported numbers above expectations, 15 companies' (30%) results were in-line with expectations, 10 (20%) reported mixed set of numbers and 9 companies (18%) were below estimates, Centrum Wealth Research said in a report.

The earnings growth of corporates during Q3FY19 faced headwinds given macro challenges (such as weak rupee, elevated crude oil prices and higher bond yields) and micro challenges (given the delay in order finalisation owing to upcoming elections, weak consumer sentiment and tight liquidity).

Given the current market scenario, the earnings reported by companies suggest a gradual recovery setting in, said the report. But, sustenance of the same would be a key monitorable along with the demand scenario during the pre-election period.