Beating the Street ; Despite the Challenging Business Environment, a Clutch of Companies Posted Stellar Results in the Earnings Season. Bt Handpicks 10 Outperformers On Dalal Street.
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Summary
There seems to be a spring in the step of the bulls on Dalal Street once again. The markets have recovered almost 50 per cent from the three-year low on March 9 and the Sensex is now hovering around 12,000 again.
The reason for the spreading cheer on Dalal Street, and the equity markets around the world, is the hope of an imminent turnaround in the fortunes of the global economy. Investors were pleasantly surprised after a closely-watched measure of US consumer confidence soared in April, suggesting Americans may be ready to spend again a boon for export-driven Asian countries. An easing in the pace of home price declines also boosted sentiment.See the full content of this document
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Beating the Street ; Despite the Challenging Business Environment, a Clutch of Companies Posted Stellar Results in the Earnings Season. Bt Handpicks 10 Outperformers On Dalal Street.
A cross-section of analysts that BT spoke to, though, was still not convinced that the markets globally, and in India, would see a sustained bull run. They point out that it is premature to talk about an economic recovery just yet.
So, for retail investors, say analysts, the safest option is to fall back on the time-tested strategy of backing the fundamentally sound companies. The quarterly results are a good indicator to separate the men from the boys. We have shortlisted 10 companies which have no...See the full content of this document
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