Q4FY19 Results - Hits And Misses
Dalal Street Investment Journal|May 27, 2019

How well the market performs in the long run depends on the earning growth. Thus, it is essential that investors track the quarterly earnings. Yogesh Supekar highlights some of the outstanding performances, while DSIJ Research Team analyses the sectoral performance this season. Read on to see the outstanding performances and surprises of this earnings season

Yogesh Supekar
Q4FY19 Results - Hits And Misses
While market swings like a pendulum, taking cues from the US-China trade war, the earnings season is quietly getting discounted and impacting the investment behaviour. Broadly speaking, the Q4 results so far reflect average performance of corporate India, but the story remains mixed with glimpses of outstanding results catching investors' attention. Good performances by the cement companies and private banks remain the highlight of this season for the bulls, while the auto companies' continuing their poor performance this season too has grabbed the attention of the bears. Several private banks have declared very positive results and are trading close to their 52-week highs, reflecting relative strength in the markets. DCB is 2 per cent away from its 52-week high, Axis Bank – 7 per cent, HDFC Bank – 3 per cent and RBL Bank – 8 per cent.

If we consider the results for Nifty 50 stocks, the season has been mixed. We can say that so far it has been good when compared to the previous 4 to 5 quarterly performances. Out of the 34 companies in the Nifty 50 basket that have reported their earnings till now, 7 companies have beaten the market estimates, while 20 companies have delivered results in line with market estimates. At least 7 companies have missed estimates this season. These numbers are not disappointing at all.

Diese Geschichte stammt aus der May 27, 2019-Ausgabe von Dalal Street Investment Journal.

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Diese Geschichte stammt aus der May 27, 2019-Ausgabe von Dalal Street Investment Journal.

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