
FY23 earnings downgrade, if any, will be function of longevity of higher commodity prices. To the extent possible, corporates will try to pass on the commodity prices and minimise the earnings impact.
from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/mc-interview-|-oil-pricesfed39s-policy-will-remain-bigger-drivermarkets-says-bharti-sawantmirae-asset_16176721.html
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