Small caps leading earnings downgrades; don#39;t expect V-shaped recovery: ICICI Sec

The Q1 results season started on a lukewarm note with the higher number of consensus downgrades and upgrades for FY19E given that the early results usually have a higher percentage of upgrades, analysts at ICICI Securities wrote in a note.

from Moneycontrol Market Outlook https://ift.tt/2n62PSc