Sanjeev Prasad, Managing Director and Co-Head at Kotak Institutional Equities, said he has turned “neutral to positive” on Indian equities after a period of earnings downgrades, citing stabilising profits and improving outlook for FY27.

“In the last one month or so, we’ve become slightly more positive compared to the fairly negative stance we had a year back,” Prasad said adding that, “Earnings seem to be stabilising after a period of very heavy downgrades in the last 12–15 months. 2026-27 looks like a decent year for earnings growth.”

Prasad expects Nifty 50 profits to grow by 17% in FY27, up from under 10% in fiscal year FY26. “We are definitely coming to the end of the earnings downgrade cycle,” he said, noting that autos, banks, and IT were the main sectors that saw earnings cuts in

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