Threat of further earning downgrade

Hopes of an earnings revival, built in over the past two months, are again sinking. There were 569 downgrades as against 379 upgrades among the BSE 100 companies in February, after the results season got over. S&P Capital says the earnings revision ratio, of upgrades divided by downgrades, was 0.67 in February compared to 1.08 in January.

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