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Effect of Disappointing QOQ report on intra day....?

Discussion in 'Technical Analysis' started by sudhi1432742, Oct 25, 2016.

  1. sudhi1432742

    sudhi1432742 Member

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    Hi Friends,

    I would like to understand wat happens to the share value of a company in intraday when a company's QoQ/YoY report is very very disappointing...eg...today axis bank reports are very disappointing. Axis Bank has reported a whopping 83.1 percent degrowth in profit at Rs 319 crore for July-September quarter YoY.

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    sudhi1432742, Oct 25, 2016
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  2. rrjain319

    rrjain319 Member

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    Normally it tends to fall (could be in the range of 10~15%) if the same is not inline to market predictions.
    If the results are good it is vice versa, for instance one of the stock I am helding (Symphony) was today up by 20% as the results were good.

    Regards,
    RJ
     
    rrjain319, Oct 25, 2016
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  3. sudhi1432742

    sudhi1432742 Member

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    I am asking this because , in the previous week though Reliance Industries booked a QoQ profit of 18%(7480Cr), the stock price fell on that day and next day and its continuously falling....

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    sudhi1432742, Oct 25, 2016
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  4. rrjain319

    rrjain319 Member

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    Although results are good, but there are lot of negative news going on around for Reliance, which is causing it to fall down, today it has lost dispute against government..

    Source:
    http://timesofindia.indiatimes.com/...ries-Ltd-British-Gas/articleshow/55041023.cms

    Regards,
    RJ
     
    rrjain319, Oct 25, 2016
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  5. sudhi1432742

    sudhi1432742 Member

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    sudhi1432742, Oct 25, 2016
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  6. nirajshah

    nirajshah Champion

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    Well said @rrjain319.

    Checkout http://shabbir.in/buying-stock-better-results/

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    nirajshah, Oct 25, 2016
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