Nifty Q1 earnings to grow 10%, highest in 4 quarters, says Motilal Oswal. Which sectors will take charge this quarter?

Motilal Oswal projects Nifty Q1 earnings to grow 10% year-on-year, the highest in four quarters. However, the brokerage forecasts a 3% YoY earnings decline for its coverage universe, the weakest since September 2020, with large- and mid-cap companies expected to post profit declines. Small caps are projected to deliver 20% PAT growth, and TCS is set to kick off the earnings season on Thursday.