IDFC, Dr. Reddy's earnings may beat estimates - StarMine

Reuters
File photo illustration of pills and capsules, March 2003. REUTERS/Jacky Naegelen/Files
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File photo illustration of pills and capsules, March 2003. REUTERS/Jacky Naegelen/Files

Reuters Market Eye - IDFC Ltd(NSI:IDFC.NS - News) and Dr. Reddy's Laboratories Ltd(NSI:DRREDDY.NS - News) may beat July-September earnings consensus forecast when they report results later in the day, according to Thomson Reuters StarMine data.

StarMine's SmartEstimates, which places greater emphasis on forecasts by top-rated analysts, expects IDFC to report a profit of 4.99 billion rupees for the quarter, compared with a wider consensus mean estimate of 4.81 billion rupees.

Dr. Reddy's is expected to report a profit of 4.73 billion rupees for the quarter compared with a wider consensus mean estimate of 4.63 billion rupees, as per StarMine.

Shares in IDFC are up 2.7 percent while Dr. Reddy's are down 1.4 percent at 1326 IST.

(Reporting by Abhishek Vishnoi)

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