Results Analysis: Maruti Suzuki announced results today that showed declining net profit growth and operating profit margins, and share price of the stock fell after investors, seeing the figures, noted the clearest evidence yet of a slowdown of the auto sector. Shriram City Union Finance also posted Q4 results today showing green across the board in its YoY numbers. Syngene and ICICI Prudential Life Insurance rose after Q4 results. Syngene posted double digit, YoY growth in revenues and net profits, while ICICI Pru Life saw its net profits and operating profits YoY both fall by double digits, more than 20%.
The Government of India has upped its shareholding in multiple PSU banks in the March quarter. The promoter increase stock screener tracks stocks where promoters have increased their stake by more than 2% QoQ. When filtering for banks, the stock screener identifies PSU banks having seen a significant jump in promoter (Indian government) shareholding QoQ. Of the 12 PSU banks in the list, IDBI Bank, Oriental Bank of Commerce and Union Bank have seen the biggest increases.
Stocks that have seen significant shareholding increase in the most recent quarter
Stocks receiving broker upgrades, in either recommendations or target price, are closely tracked by this stock screener. (Users can also edit the query used to increase the number of upgrades). How did these stocks that received upgrades perform overall? Based on the backtest result (screenshot above) these stocks did outperform Nifty500 to some extent in the past three months. Outperformers include Zee Entertainment and Pi Industries. For the full screener, click here (subscribers can also set alerts).
The Live Results Screener (subscription, but screenshot above) updates as results come in, and tracks stocks that have announced results showing operating profit margin growth as well as net profit growth YoY. Among the companies that entered this screener are Majestic Auto, which announced results on Friday and showed 15.4% YoY operating profit margin growth. Also in the list are casino company Delta Corp, IT firm Wipro Limited and financial firm 5Paisa.
Markets are closed for Mahavir Jayanti today. Indian markets closed highly upbeat on Tuesday. Global markets await Chinese economic data, which will give investors an indication of the impact of the US China trade war and recent policy shifts .
The Upcoming Results Screener tracks stocks that have announced planned result declaration date for the quarter, and that saw a strong rise in net profits and revenues in previous quarters. Of the Nifty500 stocks in the list, some companies have seen strong monthly gains on good volumes. These include chemical company Deepak Nitrite, agrochem firm Pi Industries, pharma company Merck and entertainment company PVR Limited. In all, there are eleven companies in this list.
Stocks that have hit one trillion rupees in market capitalization
As the markets turned bullish over the past week, among the biggest beneficiaries have been finance and banking stocks, and the largecaps. The Nifty50, as well as the S&P; BSE Finance Index both saw golden crosses, with SMA50 crossing over SMA200 on March 15 and holding steady today. Castrol India also made it to the golden cross list last week, even before Vanguard announced a big bulk deal buy in its shares.
One of four stocks in Trendlyne's signature High DVM High Return strategy has gained over 6% in four days, after entering the strategy on March 12. This stock saw months of volatilty, during which the screener avoided picking it. As share price has recovered however, the screener has picked it up on the uptrend. This screener remains one of Trendlyne's most popular strategies, having delivered 19X returns based on verified backtests in the past six years.
