Zil Business Managing Editor Anil SInghvi leads and helps investors in this segment by informing them of the fundamentals of a company before the results are announced. On a recent show, the Market Guru had posted on ICICI Securities stocks and it has done well based on its results and is still looking strong.
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Ashish Chaturvedi, Research Analyst at Zee Business, spoke about the success of this segment of news, saying 19 of the 21 stocks selected by Zee Business had achieved good results. “We picked 21 stocks last season, 19 of which did exceptionally well. With the exception of 2 stocks, we had a strike rate of almost 90 percent for post-earnings performance in line with our expectations,” said Chaturvedi.
Why wait for results?
The results will come, the profits will come … Big stocks came from Strong Research …
Make Rallis India a strong strategy ahead of the results … # ResultsOnZee @AnilSinghvi_ @AshishZBiz pic.twitter.com/ws2YVenVrW
– Zee Business (@ZeeBusiness) April 22, 2021
Today, Zee Business selected Rallis India stocks along the same lines. “Rallis India earnings are due today. It will likely turn out very well. This could be a turnaround quarter for this company. Compared to last year’s profit of Rs 70 lakh, the company will post a profit of a whopping Rs 22 crore. The margin was also negative last time, but this time the EBITDA margin was around 8.2 percent. The company also increased its international sales by 25 percent. In the fourth quarter of fiscal year 20, the company’s earnings were 346 crore which equates to 346 crore rose to 425 rupees in the fourth quarter of fiscal year 21, “Chaturvedi concluded.
Rallis India shares were trading at Rs 280 at 2:00 p.m. Thursday, up Rs 9.40, or 3.47 percent.
