Last week, we brought to you a comparative analysis of the Nifty companies performances, vis-à-vis Q1 and Q2 2015.
A few interesting points emerged; on a y-on-y basis, the companies did not perform as well in Q2 FY15 as they did in Q1. Now we extend our analysis to see how Banks have performed.
In our last post we spoke of how the Nifty companies show very Q2 growth (YoY) of 3.7% on revenues and 5.17% on Net Profit. Q1 on the other hand was excellent with both revenue and earnings growth about 18%.
That was with only 37 Nifty companies announcing results. Now, we have all of them. And the sight isn’t any prettier:
Interesting last few weeks for us at Capital Mind. With companies announcing their Q2 earnings since early October, we have been tweeting some important and fascinating results via our official Twitter handle (@Capitalmind_in). And this is set to continue! Plenty more announcements are to follow over the next few weeks, and we shall look at them closely and will definitely have some intriguing trends to share with you all.
One such […]
On popular request, here’s the Nifty Price to Earnings (P/E) ratio chart. Alongside we plot the Earnings growth on a per share basis:
A few things stand out: […]
October went up a brilliant 4.5% on the indexes, taking the Nifty’s 2014 returns to 32%. The surge since Diwali has been over 500 points on an index that now promises to be the best year since 2009. The month had a number of trading holidays, including one for Maharashtra elections, but still, markets went up (mostly in the last 10 days). Japan’s QE announcement took markets up another 2% […]
You could be bullish for India: it’s been doing well. In fact, in 2014, the returns on the index have been ludicrously oversized in comparison. The Nifty is really the only index that has a huge double digit return, among the big guys around the world. The US, even with all it’s new found growth, saw the S&P 500 up only 6% for the year.
The markets have seen quite some euphoria over the last few months. Since May this year, the Nifty has been hitting unprecedented levels, touching an all-time high of 8173.9 at the close of the day of 8th September.
Ever since Election results came out in May, the markets seem to have taken very kindly to the mandate. The Sensex […]
You know how much inflation eats into your returns? This much: Adjusted for inflation, the Nifty is 10% lower than the highs we saw in 2008. Although the Nifty has moved 30% higher than the 2008 levels in “absolute” (i.e. not inflation adjusted terms). We take the Nifty (including the impact of reinvesting dividends) and show you how inflation has made all the difference:
The Nifty continues to “correct”, although it did rise marginally today. The recent Nifty “peak” about 8173 has come after a long ride up.
(Click for a larger image)
This chart maps all the retracements that are 10% or more. You can see here that […]
As we write this, the US Markets have fallen 1.5%, with the S&P going considerably below 2,000. The Indian stocks listed in the US markets too have fallen between 1% (IT) and 5% (ICICI Bank)
The general feeling is that the market will bounce back. Indeed it […]
In another fantastic month, August gives us a 3% return on the index, which closed near 8,000 (Nifty). This is now four consecutive up-months.
On the Sensex, the streak runs to 7 months, with only January showing a negative number.
Nifty EPS Growth drops suddenly to 10% in the last few days. The trailing 12 month P/E (non consolidated) is at 20. This kind of thing happens a lot; but it’s remarkable that for the last seven years, our P/E ratio never went below our EPS growth rate (trailing).
When you adjust the Nifty for inflation, you might see how high the Nifty really is in comparison with the past. That is, even with today’s Nifty value at all time highs, is it really an all time high if you considered the value of the rupee has fallen due to inflation?
Looking at the Nifty (with reinvestment of dividends) since 1999, we can use a single reference point […]