Trendlyne Blog: The Baseline, Latest on stock market and finance in India and the world.

22 Jul 2018

Results Dashboard: HDFC Bank posts growth but misses estimate, South Indian Bank reports losses, Bata India up

HDFC Bank was among the 17 companies that reported results over the weekend. While it showed growth in revenues and net profit, it was the slowest profit growth in five quarters. The Bank missed estimates, with net profit for the June quarter rising 18.2 percent to Rs 4,601 crore, compared to forecasts of Rs 4,786 crore.

Reliance Power reported negative revenue growth, while South Indian Bank reported losses. Bata India posted revenue growth of over 8% and double digit net profit growth. Just Dial is likely to disappoint investors after showing marginal profit growth despite revenue expansion. For the full result dashboard click here.

The Baseline

20 Jul 2018

Midday result update: HFDC Life gains, Bajaj Auto falls

As results come in, HDFC Life is looking good in its quarter numbers, and share price is rising. One key indicator is the value of new business margin, which is at 24.2 percent versus 20.5 percent YoY. Bajaj Auto however is falling after missing analyst estimates - the company reported net profits up 20.7 percent at Rs 1,115 crore, versus analyst estimates that stood at Rs 1,250 crore. For the full dashboard, click here.

The Baseline

19 Jul 2018

Results update: Kotak Mahindra disappoints, Bajaj Finance gains on results

Over 16 companies announced their results today, with Sterlite Tech falling despite revenue and net profit growth in the June results. Bajaj Finance gained in share price after seeing 30%+ revenue and net profit growth YoY, while Kotak Mahindra Bank fell on missing June quarter analyst estimates. RelianceCom reported negative revenue growth YoY for the June quarter. For the full results dashboard click here,

The Baseline

18 Jul 2018

Today's results saw some hits and misses - JK Tyre, Ultratech Cement, Mindtree

The Results Dashboard had 16 results come in so far, with more set to be updated later in the night. NIIT Tech delivered double digit revenue and net profit growth, as did JK Tyre and Mindtree. Ultratech Cement fell in share price today and reported positive revenue growth YoY, but negative net profit growth - net profit YoY fell nearly 25%.

As an industry, the Finance sector has so far outperformed the others in revenue and net profit growth. For the full results dashboard click here.

The Baseline

17 Jul 2018

Live Results Screener: IndusInd Bank and Karnataka Bank have so far, delivered rising operating profit margin growth

TheLive Results Screener (subscription required, but snapshot above) identifies companies that posted results in the last one week, and delivered strong operating profit margin growth of over 15%. The largest companies that have met this criteria so far are both banks - IndusInd Bank and Karnataka Bank. While Prakash Industries is also in this list, investors are worried about the stock due to rising promoter pledges, and are closely watching for new shareholding data.

The Baseline

17 Jul 2018

Results update: Hindustan Unilever, Jay Bharat Maruti and Opto Circuits post positive results

Results season is beginning to ramp up, and key companies including Hindustan Unilever (HUL) have announced results this week. As per the results dashboard, IT software companies including Infosys and TCS, have posted strong results so far, with TCS delivering double digit operating profit growth. Hindustan Unilever's strong June quarter performance drove share price up, and the stock is down today on profit booking by investors.

Jay Bharat Maruti and Opto Circuits also posted June quarter results showing positive profit and revenue growth YoY.

The Baseline

16 Jul 2018

Screener: Big changes in FII holdings in companies in the June quarter include Magma Fincorp and Mphasis

Approximately 50 companies saw significant changes in FII holdings (FII holding change of more than +2% or -2%) in their companies. This screener (updated in realtime) shows companies seeing big changes in the current quarter. Some companies that saw big positive shifts include Indiabulls Integrated Services, Magma Fincorp and Mphasis Limited. Firms like Indiabulls Integrated and Dish TV saw increases in both FII and promoter holdings.

Vakrangee and Manpasand Beverages were among the companies showing big declines in FII holdings.

The Baseline

13 Jul 2018

Results Today: Some up, some down, Infosys announces bonus

Among the seven companies that posted results today (results dashboard) Infosys and Bajaj Corp were the closely watched ones. Infosys jumped in share price post results and a 1:1 bonus share announcement. It gained sharply enough to hit the High Volume Top Gainers screener today. Bajaj went in the other direction, joining the high volume top losers after it disappointed investors with declining net profit growth.

The Baseline

13 Jul 2018

Screener: Significant change in promoter holding in the June quarter

VMart Retail saw its promoter holding increase by over 40% in the June quarter, and it was not the only stock that saw dramatic changes. This promoter shareholding screener looks at stocks that saw promoter changes of greater than +3%/-3%. McNally Bharat and MT Educare saw big reductions in promoter shareholding, of -22.5%, and -19% respectively. For the full screener click here.

The Baseline

12 Jul 2018

Screener: Nifty500 stocks where promoters and mutual funds have both increased their stake include TTK Prestige, Alembic Pharma

As June results and shareholding data come in, some stocks are seeing both promoters and mutual funds increase their stake. This screener identifies those stocks, and among the Nifty500 stocks eight companies fulfil this criteria.

Among these firms, PVR Limited saw the largest mutual funds stake hike of 3.3%, while IDBI Bank saw the highest promoter increase among these eight companies of 5%, which was the Government of India ramping up its stake.