Business Standard

A great month for the Nifty

The next fortnight will see newsflow in the run up to the Karnataka Assembly elections and that could mean wide swings

A great month for the Nifty
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Devangshu Datta
Mr Market” as Ben Graham personified the equity market, has a capricious and manic-depressive personality. Consider the contrasting cases of Maruti Suzuki and Axis Bank, both of which declared their Q4 results (January-March 2018) results last week.

Maruti delivered a net profit of Rs 18.82 billion, 10 per cent up on a year-on-year (YoY) basis. Net sales grew 14.4 per cent YoY to Rs 205.94 billion. Axis Bank declared its first-ever loss, reporting a Rs 21.9 billion loss and a massive increase in non-performing assets (bad loans) to the tune of Rs 165.4 billion crore. Guess which stock got a
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First Published: Apr 30 2018 | 5:53 AM IST

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