Post-mortems

Every Saturday, each result whose ten-session window has closed is judged once: what the last read before it said, what the share then did against the market and its sector, and which of the things we track were in play. Successes and failures sit side by side. This is the table the model is rebuilt from — and every number on this page opens: a read, a sector, a company, one result, the morning-by-morning reads behind it, down to each session's close.

44279results judged

32%beat the market

-0.4%avg vs market, 10d

4.5%avg move, T+1

By read

open a read to see it by sector and company

Read	Judged	Right	Wrong	Flat	Avg vs mkt
strong	1096	352	538	206	-0.8%	›
favourable	1073	336	523	214	-0.8%	›
neutral	1082	0	0	1082	-1.2%	›
unfavourable	1077	511	340	226	-0.4%	›
weak	1097	535	319	243	-0.9%	›
unread	38854	—	—	—	-0.4%	›

A strong or favourable read is right when the share beat the market by more than 2% over ten sessions; weak or unfavourable when it lagged by more. Inside ±2% is flat. Neutral reads make no call. Unread results — no read was made — are the base rate any read has to beat.

Result × share

where reported figures exist · open a cell

share up

flat

share down

good result

4 1 6

in line

bad result

2 1 5

"Good" and "bad" are relative to the company's own last four quarters of profit growth, not to zero. The highlighted cells — good result, share down; bad result, share up — are where the priced-in effect lives.

By sector

open a sector to see its companies

Sector index	Judged	Right	Wrong	Flat	Hit rate	Avg vs mkt
No sector index	36640	1235	1219	1268	50%	-0.6%	›
NIFTY FINANCIAL SERVICES	1491	95	100	152	49%	-0.3%	›
NIFTY ENERGY	901	68	51	76	57%	+0.6%	›
NIFTY AUTO	766	43	53	73	45%	+0.8%	›
NIFTY INFRASTRUCTURE	761	48	38	70	56%	+0.2%	›
NIFTY FMCG	582	42	35	55	55%	-0.1%	›
NIFTY IT	543	40	38	47	51%	+0.1%	›
NIFTY HEALTHCARE INDEX	448	18	34	49	35%	+0.3%	›
NIFTY METAL	447	20	41	43	33%	-0.2%	›
NIFTY PHARMA	419	25	28	39	47%	-0.0%	›
NIFTY BANK	342	31	23	28	57%	+0.2%	›
NIFTY CONSUMER DURABLES	336	23	24	18	49%	+0.4%	›
NIFTY REALTY	243	15	17	20	47%	+0.8%	›
NIFTY PSU BANK	150	17	4	15	81%	+0.9%	›
NIFTY MEDIA	111	5	8	11	38%	+0.9%	›
NIFTY OIL & GAS	52	5	3	3	63%	-3.8%	›
NIFTY PRIVATE BANK	47	4	4	4	50%	-1.7%	›

By quarter

one results season at a time

Quarter	Judged	Right	Wrong	Flat	Hit rate	Avg vs mkt
Q1FY27	2243	155	137	161	53%	+0.6%	›
Q4FY19	1	0	0	0	—	-4.1%	›
Q4FY26	1856	297	281	344	51%	+0.2%	›
Q1FY25	1920	0	0	0	—	+0.7%	›
Q2FY25	1940	0	0	0	—	+0.5%	›
Q3FY25	2011	0	0	1	—	-6.6%	›
Q3FY26	2161	309	320	375	49%	-1.6%	›
Q2FY26	2142	380	293	355	56%	-4.1%	›
Q1FY26	2047	330	314	369	51%	-1.4%	›
Q4FY25	2015	263	375	366	41%	+2.3%	›
Q4FY24	1889	0	0	0	—	-1.0%	›
Q4FY23	1617	0	0	0	—	+2.2%	›
Q1FY24	1708	0	0	0	—	+3.3%	›
Q3FY24	1796	0	0	0	—	-1.1%	›
Q2FY24	1673	0	0	0	—	+1.5%	›
Q4FY22	1642	0	0	0	—	-0.8%	›
Q3FY23	1699	0	0	0	—	-2.7%	›
Q2FY23	1686	0	0	0	—	-1.9%	›
Q1FY23	1240	0	0	0	—	+1.8%	›
Q2FY21	1231	0	0	0	—	+2.9%	›
Q3FY22	1600	0	0	0	—	-5.3%	›
Q2FY22	1552	0	0	0	—	+1.7%	›
Q3FY21	1476	0	0	0	—	+2.2%	›
Q4FY21	1490	0	0	0	—	+3.1%	›
Q1FY22	1515	0	0	0	—	-6.5%	›
Q1FY21	1388	0	0	0	—	+2.8%	›
Q1FY20	4	0	0	0	—	+7.3%	›
Q3FY20	5	0	0	0	—	+5.2%	›
Q4FY20	724	0	0	0	—	-1.5%	›
Q2FY20	4	0	0	0	—	-12.2%	›
Q1FY19	1	0	0	0	—	-16.4%	›
Q2FY19	1	0	0	0	—	-16.4%	›
Q3FY19	1	0	0	0	—	-16.4%	›
Q4FY18	1	0	0	0	—	+13.5%	›

Judged results

Company	Result	Read	Outcome	T+1	T+10	vs market	Run-up	Result	Why
CANBKCanara Bank	8 May Q4FY25	neutral	neutral	+5.8%	+12.4%	+10.0%	+11%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. 3 sector peers reported the same week; the sector read may already have been set.	›
FINEORGFine Organic Industries Limited	8 May Q4FY25	neutral	neutral	+2.5%	+13.0%	+10.6%	+1%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
HARSHAHarsha Engineers International Limited	8 May Q4FY25	weak	neutral	-0.9%	+4.2%	+1.8%	-4%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Went into the result within 5% of its 52-week low.	›
PIDILITINDPidilite Industries Ltd.	8 May Q4FY25	neutral	neutral	+4.0%	+2.5%	+0.1%	+7%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Its usual reversal pattern did not hold this quarter.	›
RAINRain Industries Limited	8 May Q4FY25	neutral	neutral	+2.4%	+3.0%	+0.6%	+2%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
RECLTDREC Ltd.	8 May Q4FY25	unfavourable	neutral	+5.2%	+2.6%	+0.2%	-9%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Its usual continuation pattern did not hold this quarter. 1 more	›
SULASula Vineyards Limited	8 May Q4FY25	neutral	neutral	+6.2%	+11.5%	+9.1%	-3%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
SURYODAYSuryoday Small Finance Bank Limited	8 May Q4FY25	strong	neutral	+0.1%	+1.5%	-0.9%	+19%	no figures	Ran up 19% in the 30 sessions before the result — a good number had little left to reward. No reported figures on file for this quarter, so the result itself could not be judged. 1 more	›
UNIONBANKUnion Bank of India	8 May Q4FY25	neutral	neutral	+10.8%	+21.5%	+19.1%	-3%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Its usual continuation pattern did not hold this quarter. 1 more	›
ZEELZee Entertainment Enterprises Ltd.	8 May Q4FY25	neutral	neutral	+5.4%	+15.2%	+12.9%	+8%	no figures	Its sector moved +10.2% over the window. No reported figures on file for this quarter, so the result itself could not be judged. 1 more	›
CARTRADECartrade Tech Ltd.	7 May Q4FY25	strong	neutral	-4.8%	-0.9%	-1.7%	-2%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
DABURDabur India Ltd.	7 May Q4FY25	weak	neutral	-4.0%	-1.0%	-1.8%	-3%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. 5 sector peers reported the same week; the sector read may already have been set.	›
MRFMRF Ltd.	7 May Q4FY25	strong	neutral	-2.0%	+1.4%	+0.6%	+28%	no figures	Ran up 28% in the 30 sessions before the result — a good number had little left to reward. No reported figures on file for this quarter, so the result itself could not be judged. 3 more	›
PNBPunjab National Bank	7 May Q4FY25	neutral	neutral	-2.4%	+6.5%	+5.7%	+4%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. 3 sector peers reported the same week; the sector read may already have been set.	›
ROUTEROUTE MOBILE LIMITED	7 May Q4FY25	unfavourable	neutral	-4.9%	+1.4%	+0.6%	-0%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Went into the result within 5% of its 52-week low.	›
RTNPOWERRattanIndia Power Limited	7 May Q4FY25	neutral	neutral	-5.3%	+2.9%	+2.1%	+3%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Its usual continuation pattern did not hold this quarter.	›
SAPPHIRESapphire Foods India Ltd.	7 May Q4FY25	neutral	neutral	-3.4%	+1.7%	+0.9%	+2%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
VOLTASVoltas Ltd.	7 May Q4FY25	weak	neutral	-0.7%	+2.3%	+1.5%	-17%	no figures	Fell 17% in the 30 sessions before the result — expectations were already low. No reported figures on file for this quarter, so the result itself could not be judged. 3 more	›
WONDERLAWonderla Holidays Limited	7 May Q4FY25	neutral	neutral	-6.2%	-1.7%	-2.5%	+1%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
AARTIDRUGSAarti Drugs Limited	6 May Q4FY25	neutral	neutral	+19.4%	+35.4%	+33.6%	-1%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
APTUSAptus Value Housing Finance India Ltd.	6 May Q4FY25	neutral	neutral	+2.3%	+4.1%	+2.3%	+5%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Delivery share rose 6 points in the fortnight before — someone was taking stock home. 2 more	›
AVALONAvalon Technologies Limited	6 May Q4FY25	strong	neutral	-4.6%	+1.7%	-0.1%	+22%	no figures	Ran up 22% in the 30 sessions before the result — a good number had little left to reward. No reported figures on file for this quarter, so the result itself could not be judged. 2 more	›
CENTENKACentury Enka Limited	6 May Q4FY25	neutral	neutral	-4.5%	+1.5%	-0.3%	-16%	no figures	Fell 16% in the 30 sessions before the result — expectations were already low. No reported figures on file for this quarter, so the result itself could not be judged. 2 more	›
EMUDHRAeMudhra Limited	6 May Q4FY25	unfavourable	neutral	-1.0%	+2.0%	+0.3%	-9%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Delivery share rose 10 points in the fortnight before — someone was taking stock home.	›
GODREJCPGodrej Consumer Products Ltd.	6 May Q4FY25	strong	neutral	-0.8%	+2.3%	+0.6%	+15%	no figures	Ran up 15% in the 30 sessions before the result — a good number had little left to reward. No reported figures on file for this quarter, so the result itself could not be judged. 1 more	›
HINDPETROHindustan Petroleum Corporation Ltd.	6 May Q4FY25	strong	neutral	-2.2%	+2.0%	+0.3%	+22%	no figures	Ran up 22% in the 30 sessions before the result — a good number had little left to reward. Its sector moved +5.6% over the window. 3 more	›
JBMAJBM Auto Ltd.	6 May Q4FY25	neutral	neutral	-5.4%	+5.9%	+4.1%	+31%	no figures	Ran up 31% in the 30 sessions before the result — a good number had little left to reward. Its sector moved +4.2% over the window. 3 more	›
MGLMahanagar Gas Ltd.	6 May Q4FY25	strong	neutral	-0.6%	+0.4%	-1.4%	+4%	no figures	Its sector moved +5.6% over the window. No reported figures on file for this quarter, so the result itself could not be judged. 2 more	›
PAYTMOne 97 Communications Ltd.	6 May Q4FY25	strong	neutral	+2.5%	+3.5%	+1.7%	+10%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Its continuation habit held this quarter. 1 more	›
POLYCABPolycab India Ltd.	6 May Q4FY25	neutral	neutral	-2.4%	+2.5%	+0.7%	+14%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
SERVOTECHServotech Renewable Power System Limited	6 May Q4FY25	favourable	neutral	-5.0%	+1.9%	+0.2%	+0%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
CAMSComputer Age Management Services Ltd.	5 May Q4FY25	unfavourable	neutral	-4.3%	+1.6%	+0.6%	+11%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Its usual continuation pattern did not hold this quarter. 1 more	›
ETHOSLTDEthos Limited	5 May Q4FY25	neutral	neutral	-3.1%	+10.2%	+9.3%	-2%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
HIRECTHind Rectifiers Limited	5 May Q4FY25	neutral	neutral	+0.5%	+9.1%	+8.2%	+13%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Its continuation habit held this quarter.	›
J&KBANKJammu & Kashmir Bank Ltd.	5 May Q4FY25	neutral	neutral	-4.7%	+5.3%	+4.4%	+3%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Volume ran 3.5x its prior month in the fortnight before. 1 more	›
JASHJash Engineering Limited	5 May Q4FY25	neutral	neutral	-7.1%	-11.9%	-12.8%	+5%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Volume ran 2.2x its prior month in the fortnight before.	›
M&MMahindra & Mahindra Ltd.	5 May Q4FY25	favourable	neutral	+3.3%	+1.4%	+0.5%	+12%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. 5 sector peers reported the same week; the sector read may already have been set.	›
ZEEMEDIAZee Media Corporation Limited	5 May Q4FY25	unfavourable	neutral	-3.5%	+1.3%	+0.3%	+10%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
DMARTAvenue Supermarts Ltd.	3 May Q4FY25	favourable	neutral	-1.3%	+3.6%	+1.2%	+7%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Delivery share rose 10 points in the fortnight before — someone was taking stock home. 2 more	›
ACIArchean Chemical Industries Limited	2 May Q4FY25	strong	neutral	+1.5%	+1.5%	-1.0%	+6%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Its usual reversal pattern did not hold this quarter.	›
DBOLDhampur Bio Organics Limited	2 May Q4FY25	neutral	neutral	-0.3%	+10.9%	+8.4%	+19%	no figures	Ran up 19% in the 30 sessions before the result — a good number had little left to reward. No reported figures on file for this quarter, so the result itself could not be judged.	›
IOBIndian Overseas Bank	2 May Q4FY25	weak	neutral	-6.4%	+3.9%	+1.5%	-9%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
LATENTVIEWLatent View Analytics Ltd.	2 May Q4FY25	neutral	neutral	-4.7%	+2.8%	+0.4%	+16%	no figures	Ran up 16% in the 30 sessions before the result — a good number had little left to reward. Its sector moved +4.4% over the window. 4 more	›
MARICOMarico Ltd.	2 May Q4FY25	strong	neutral	+3.2%	+2.7%	+0.2%	+15%	no figures	Ran up 15% in the 30 sessions before the result — a good number had little left to reward. No reported figures on file for this quarter, so the result itself could not be judged. 1 more	›
NEWGENNewgen Software Technologies Ltd.	2 May Q4FY25	neutral	neutral	+7.2%	+14.1%	+11.6%	+6%	no figures	Its sector moved +4.4% over the window. No reported figures on file for this quarter, so the result itself could not be judged. 3 more	›
SUNTECKSunteck Realty Limited	2 May Q4FY25	unfavourable	neutral	+1.0%	+3.8%	+1.3%	+6%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Its usual reversal pattern did not hold this quarter.	›
5PAISA5Paisa Capital Limited	1 May Q4FY25	neutral	neutral	-0.7%	+6.5%	+3.7%	+10%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Its reversal habit held this quarter.	›
JPPOWERJaiprakash Power Ventures Ltd.	1 May Q4FY25	neutral	neutral	-3.3%	+3.9%	+1.1%	+6%	no figures	Its sector moved +4.2% over the window. No reported figures on file for this quarter, so the result itself could not be judged. 2 more	›
ADANIPOWERAdani Power Ltd.	30 Apr Q4FY25	neutral	neutral	+4.6%	+6.3%	+3.5%	+4%	no figures	Its sector moved +4.2% over the window. No reported figures on file for this quarter, so the result itself could not be judged. 2 more	›
BANDHANBNKBandhan Bank Ltd.	30 Apr Q4FY25	favourable	neutral	-0.7%	+2.7%	-0.1%	+17%	no figures	Ran up 17% in the 30 sessions before the result — a good number had little left to reward. No reported figures on file for this quarter, so the result itself could not be judged. 2 more	›
FEDERALBNKFederal Bank Ltd.	30 Apr Q4FY25	neutral	neutral	-2.6%	+1.2%	-1.6%	+10%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
GOCOLORSGo Fashion (India) Limited	30 Apr Q4FY25	neutral	neutral	+14.0%	+12.4%	+9.6%	+13%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Volume ran 3.3x its prior month in the fortnight before. 1 more	›
GODREJAGROGodrej Agrovet Limited	30 Apr Q4FY25	neutral	neutral	-13.3%	-4.9%	-7.7%	+5%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Its reversal habit held this quarter.	›
IOCIndian Oil Corporation Ltd.	30 Apr Q4FY25	neutral	neutral	+7.8%	+5.0%	+2.2%	+10%	no figures	Its sector moved +4.2% over the window. No reported figures on file for this quarter, so the result itself could not be judged. 1 more	›
SKIPPERSkipper Limited	30 Apr Q4FY25	unfavourable	neutral	+2.5%	+3.0%	+0.1%	+14%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Delivery share rose 10 points in the fortnight before — someone was taking stock home. 1 more	›
UJJIVANSFBUjjivan Small Finance Bank Limited	30 Apr Q4FY25	strong	neutral	-2.6%	+4.6%	+1.8%	+21%	no figures	Ran up 21% in the 30 sessions before the result — a good number had little left to reward. No reported figures on file for this quarter, so the result itself could not be judged. 2 more	›
VBLVarun Beverages Ltd.	30 Apr Q4FY25	neutral	neutral	+3.1%	-4.0%	-6.8%	+9%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Its continuation habit held this quarter.	›
AMBUJACEMAmbuja Cements Ltd.	29 Apr Q4FY25	neutral	neutral	-0.4%	+2.5%	-0.4%	+8%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Delivery share rose 9 points in the fortnight before — someone was taking stock home. 2 more	›
BAJFINANCEBajaj Finance Ltd.	29 Apr Q4FY25	favourable	neutral	-2.5%	+1.1%	-1.9%	+9%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Went into the result within 3% of its 52-week high. 2 more	›
BPCLBharat Petroleum Corporation Ltd.	29 Apr Q4FY25	favourable	neutral	-0.2%	+1.7%	-1.3%	+18%	no figures	Ran up 18% in the 30 sessions before the result — a good number had little left to reward. No reported figures on file for this quarter, so the result itself could not be judged. 1 more	›