Non-Bank Companies of Sensex – Hits or Misses post Q1FY20?

The first quarter earnings season of Indian corporates has almost completed. While most of the companies declared weak set of numbers in the first quarter of financial year 2020, there are companies whose numbers-maintained investors’ confidence in quality stock investment.

Post Budget 2019, bears continued to tighten the grip on Indian benchmark indices and announcements of quarterly earnings by the companies even didn’t seem to have made a difference. Weaker earnings added to the gloom and dusk for the retail investors.

Retail investors confusion as far as making fresh investments in stocks and holding on to the investments already made did not get any hand holding of clarity during the Q1FY20 earnings season.

Here is how the #EarningsQ1FY20 season fared for 23 Non-Bank Companies out of 30 companies of Bombay Stock Exchange’s Sensex:

Auto majors such as Hero MotoCorp, Mahindra and Mahindra, Maruti Suzuki, Tata Motors posted strong decline in their revenue and Net Profit growth on Y-o-Y Basis owing to the slowdown, the Automobiles sector is facing since long time now.

Telecom Major Bharti Airtel posted decline in Net Profits to the extent of (-3046) %

Big names like Tata Steel, Vedanta, ONGC etc also could not bear the heat of slowing Indian Economy and its impact on the markets as they also posted declines in Net Profit Growth to the tune of (-63.58)%, (-11.87)% and (-19.23)% on Year-on-Year Basis.

NBFC stocks like Housing Development Finance Corporation (HDFC) and Bajaj Finance on the other hand reported a Year-On-Year Net Profit Growth to the tune of 46.26% and 42.99% respectively, reinforcing the fact that “Quality Matters” under any circumstances.

It is said that “It is the darkest before the dawn”

Amidst the slowdown in the economy, the FPI Surcharge and many other domestic and global issues such as US-China Trade War, we at Stock Book still feel, it’s the time to cherry-pick and hold on to investments in quality stocks.

It’s not the time to panic, in fact, it’s the time to stay pro-active and become value investor for wealth creation and get ready for the forthcoming dawn of growth and prosperity in the country as well as in the markets.

Stock Book App hand holds every investor with the right set of knowledge, skills through the Educational Videos and tools such as SBIQ and Star-Rating that boosts the confidence of investing in and holding on to quality stocks in the times when others panic.

Download the Stock Book App now and as always #Investwise

Stay Invested, Happy Investing

 

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