The stock market Is an educated man’s game, it is fair to say that there is a small factor of luck may be involved. Regardless, A well thought out investment plan and a good portfolio is the ultimate formula for success in the stock market. Currently, numerous companies are scheduled to announce their quarterly earnings.
The quarterly earnings will consist of figures like the Net profit of the enterprises in that last quarter. Based on this, investors can formulate an investment plan and choose the necessary tools to diversify their portfolio. The news of covid19 pandemic has put a lot of companies into a mix of confusion and in some case complete chaos. Which is why the stock market saw a fall in March of 2020, gradually the stock prices are increasing and seeing much better results in August. Now that these companies are ready to announce their quarterly earnings, we can see substantial changes in the stock market and an increase in the investment activity. BSE and Nifty 50 show a flat opening. However, things are looking up. The market will continue to rely on global indices for the reliability of their investment.
Axis Bank: Axis bank recently announced that they would acquire a 17% stake in Max life, rather than 29% they previously decided. This particular deal structure was questioned by the Insurance Regulatory and Development Authority of India.
LIC Housing finance: LIC Housing finance reporter staggering 34% annual growth in their net profit which would amount to Rs 817 crore for the first quarter as opposed to Rs 253 crore last year this time.
Punjab National Bank: PNB’s managing director and CEO, S. S. Mallikarjuna Rao stated that there won’t be any retrenchment of employees due to PNB’s merger with Union Bank of India and Oriental Bank of commerce.
ICICI Bank: ICICI Bank sold 90 lakhs of shares to a Singapore based company called Merrill Lynch market Singapore PTE LTD. at Rs 378 per share according to BSE.
Bharti Airtel: The Chairman of Bharti Airtel is considering to reiterate mobile tariff plans and expects an average revenue generated per user will cross the 200-250 threshold in the coming months.
State Bank of India: SBI Announced their new Managing Director, Ashwani Bhatia. He has taken charge and will start operations very soon.
Future Retail: Future Retail averted all the loan default windows and have ordered an extra 30 days interval for the repayment of interest and principal.
The 76 companies who already announced to share their Q1 earnings has a good line up and definite hopes on the market front for investment and opportunities for new investors.
