Following strong earnings

Written by 1 min read

Thinking how to find trading or investing ideas, every weekend just search for companies reporting best every quarterly or life time best results and you will have a great list to work through

Don’t believe me? lets look at numerous examples from this year

Tejas Networks reported best ever quarter on 26th April 2024

Tejas Networks concall snippet, 26 Apr 2024: the company had its best ever quarter and best ever year

The stock returned returned 40%

Weekly chart of Tejas Networks with MACD, 2021 to Sep 2024, showing a sharp rally from about Rs 700 to above Rs 1,400 after the April 2024 results

Cyient Limited reported best ever quarter on 2nd May 2024

Cyient concall snippet, 2 May 2024: best ever quarter with 25.6% year-on-year growth

The stock is up ~25%

Weekly chart of Cyient with MACD, 2021 to Sep 2024, rebounding from about Rs 1,700 to Rs 2,133 after the May 2024 results

Godrej reported best every quarterly numbers

Godrej Properties concall snippet, 3 May 2024: highest ever quarterly net profit of INR 471 crore in Q4 FY24

The stock returned is up ~20%

Weekly chart of Godrej Properties with MACD, 2021 to Sep 2024, rising to about Rs 3,400 after the May 2024 results before easing to Rs 2,950

Again Skipper limited reported best quarter ever on 6th May 2024

Skipper concall snippet, 6 May 2024: best-ever revenue quarter of Rs 1,153 crore

The stock is up ~25%

Weekly chart of Skipper with MACD, 2021 to Sep 2024, a steady uptrend reaching about Rs 445 after the May 2024 results

ADF Foods reported best ever quarter on 16th May 2024

ADF Foods concall snippet, 16 May 2024: best-ever quarter in terms of revenue

The stock is up 25%

Weekly chart of ADF Foods with MACD, 2020 to 2024, breaking out to new highs near Rs 280 on high volume after the May 2024 results

I know you will say these are bull market stories but in bear markets this is even better indicator to find ideas

Very recently Garware- Hi Tech delivered best ever quarter, some of us traded it for decent change

Redacted WhatsApp chat about trading Garware Hi-Tech Films, ending with messages that it was up 8% and then 11%

It can be a good idea to invest in companies delivering their best-ever quarter, if their performance is sustainable and based on solid fundamentals like long-term growth prospects, competitive advantages, and strong management. However, it’s crucial to avoid overpaying and to consider whether the performance is repeatable, rather than chasing the stock purely based on short-term results. Conducting a thorough analysis beyond just the earnings report is vital to making a sound investment decision

Happy Investing

Get something valuable to read everyday on WhatsApp

I am going to end every post with some thing from photo gallery

Bruny Island
Bruny Island

Keep reading

New writing, by email

Free posts arrive in your inbox. Paid subscribers read new research six months before it comes to this site.

Subscribe