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
VTLVardhman Textiles Ltd.	22 Jul Q1FY26	unfavourable	right	+1.7%	-15.8%	-13.8%	-1%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
CIEINDIACIE Automotive India Ltd.	21 Jul Q1FY26	weak	right	-2.2%	-5.0%	-3.3%	-5%	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.	›
DHANBANKDhanlaxmi Bank Limited	21 Jul Q1FY26	unfavourable	right	-0.7%	-8.7%	-6.9%	-10%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
OBEROIRLTYOberoi Realty Ltd.	21 Jul Q1FY26	weak	right	-3.5%	-12.3%	-10.6%	-4%	no figures	Its sector moved -9.8% over the window. No reported figures on file for this quarter, so the result itself could not be judged. 3 more	›
PNBHOUSINGPNB Housing Finance Ltd.	21 Jul Q1FY26	unfavourable	right	-1.9%	-29.2%	-27.4%	-4%	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. 1 more	›
RAJRATANRajratan Global Wire Limited	21 Jul Q1FY26	unfavourable	right	-6.1%	-17.7%	-16.0%	-3%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Delivery share rose 8 points in the fortnight before — someone was taking stock home.	›
UCOBANKUCO Bank	21 Jul Q1FY26	weak	right	-2.5%	-8.8%	-7.1%	-4%	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.	›
CENTRALBKCentral Bank of India	19 Jul Q1FY26	weak	right	-0.6%	-5.6%	-4.6%	-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. 1 more	›
PSBPunjab & Sind Bank	19 Jul Q1FY26	unfavourable	right	-2.6%	-10.3%	-9.3%	-1%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
UNIONBANKUnion Bank of India	19 Jul Q1FY26	unfavourable	right	-2.4%	-11.9%	-10.9%	-4%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Its continuation habit held this quarter.	›
YESBANKYes Bank Ltd.	19 Jul Q1FY26	unfavourable	right	-0.9%	-6.3%	-5.4%	-3%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
HATSUNHatsun Agro Product Limited	18 Jul Q1FY26	weak	right	+1.0%	-4.7%	-3.7%	-4%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Volume ran 1.6x its prior month in the fortnight before.	›
HINDZINCHindustan Zinc Ltd.	18 Jul Q1FY26	weak	right	+1.8%	-3.2%	-2.2%	-13%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
IOBIndian Overseas Bank	18 Jul Q1FY26	weak	right	-1.4%	-6.9%	-5.9%	+0%	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.	›
MASTEKMastek Limited	18 Jul Q1FY26	strong	right	+6.6%	+1.1%	+2.1%	+4%	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.	›
MRPLMangalore Refinery & Petrochemicals Ltd.	18 Jul Q1FY26	unfavourable	right	-2.9%	-14.9%	-13.9%	+6%	no figures	Its sector moved -5.3% over the window. No reported figures on file for this quarter, so the result itself could not be judged.	›
AXISBANKAxis Bank Ltd.	17 Jul Q1FY26	unfavourable	right	-5.2%	-8.4%	-6.2%	+0%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
CLEANClean Science and Technology Ltd.	17 Jul Q1FY26	weak	right	-11.7%	-16.5%	-14.3%	-6%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
HDFCAMCHDFC Asset Management Company Ltd.	17 Jul Q1FY26	favourable	right	+2.0%	+1.9%	+4.1%	+13%	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. 1 more	›
HERITGFOODHeritage Foods Limited	17 Jul Q1FY26	strong	right	+5.7%	+3.6%	+5.8%	-2%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
KRISHANAKrishana Phoschem Limited	17 Jul Q1FY26	strong	right	+1.7%	+9.0%	+11.2%	+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.	›
SHOPERSTOPShoppers Stop Limited	17 Jul Q1FY26	unfavourable	right	-3.8%	-8.3%	-6.1%	+14%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Volume ran 6.4x its prior month in the fortnight before. 1 more	›
ORIENTHOTOriental Hotels Limited	16 Jul Q1FY26	weak	right	-4.8%	-12.9%	-11.1%	+4%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Volume ran 4.0x its prior month in the fortnight before. 1 more	›
RIILReliance Industrial Infrastructure Limited	16 Jul Q1FY26	weak	right	+1.3%	-8.2%	-6.5%	-0%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
GMBREWGM Breweries Limited	15 Jul Q1FY26	unfavourable	right	+0.2%	-4.9%	-3.5%	+3%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
HATHWAYHathway Cable & Datacom Limited	15 Jul Q1FY26	weak	right	+5.0%	-4.6%	-3.3%	+0%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
DENDen Networks Limited	14 Jul Q1FY26	unfavourable	right	+4.7%	-4.7%	-3.6%	+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.	›
RALLISRallis India Limited	14 Jul Q1FY26	strong	right	-0.7%	+7.4%	+8.4%	+12%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Its reversal habit held this quarter.	›
TEJASNETTejas Networks Ltd.	14 Jul Q1FY26	unfavourable	right	-6.4%	-15.3%	-14.3%	-2%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
ELECONElecon Engineering Co. Ltd.	11 Jul Q1FY26	weak	right	+0.8%	-8.9%	-7.1%	-7%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Volume ran 1.9x its prior month in the fortnight before. 1 more	›
ARIHANTCAPArihant Capital Markets Limited	7 Jul Q1FY26	favourable	right	-4.9%	+15.2%	+16.7%	+25%	no figures	Ran up 25% 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	›
BAJAJHLDNGBajaj Holdings & Investment Ltd.	30 May Q4FY25	favourable	right	-1.9%	+4.2%	+3.4%	+16%	no figures	Ran up 16% 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	›
DBREALTYValor Estate Limited	30 May Q4FY25	favourable	right	+6.8%	+20.8%	+20.0%	+0%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
DHARMAJDharmaj Crop Guard Limited	30 May Q4FY25	strong	right	+19.0%	+25.4%	+24.6%	+12%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Delivery share rose 8 points in the fortnight before — someone was taking stock home.	›
EASEMYTRIPEasy Trip Planners Limited	30 May Q4FY25	weak	right	-2.2%	-3.8%	-4.6%	-8%	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. 2 more	›
FIEMINDFiem Industries Limited	30 May Q4FY25	strong	right	+15.8%	+22.0%	+21.3%	+12%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Delivery share rose 12 points in the fortnight before — someone was taking stock home. 2 more	›
IDEAVodafone Idea Ltd.	30 May Q4FY25	weak	right	-2.2%	-3.3%	-4.1%	-5%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. 7 sector peers reported the same week; the sector read may already have been set.	›
JINDALPOLYJindal Poly Films Limited	30 May Q4FY25	weak	right	-1.1%	-2.3%	-3.1%	-5%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Volume ran 4.8x its prior month in the fortnight before. 1 more	›
NECLIFENectar Lifesciences Limited	30 May Q4FY25	unfavourable	right	-10.6%	-13.6%	-14.4%	+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. 1 more	›
PENINDPennar Industries Limited	30 May Q4FY25	favourable	right	+11.7%	+11.1%	+10.3%	+12%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Volume ran 1.7x its prior month in the fortnight before. 1 more	›
RAMASTEELRama Steel Tubes Limited	30 May Q4FY25	favourable	right	-0.3%	+11.1%	+10.4%	+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. 2 more	›
SALASARSalasar Techno Engineering Limited	30 May Q4FY25	weak	right	+0.2%	-8.2%	-9.0%	-7%	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.	›
SHIVALIKShivalik Rasayan Limited	30 May Q4FY25	weak	right	-5.1%	-8.7%	-9.4%	-4%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Delivery share rose 5 points in the fortnight before — someone was taking stock home. 1 more	›
SPANDANASpandana Sphoorty Financial Limited	30 May Q4FY25	unfavourable	right	-8.6%	-5.0%	-5.8%	+15%	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. 1 more	›
ARMANFINArman Financial Services Limited	29 May Q4FY25	favourable	right	-6.7%	+6.7%	+7.2%	+13%	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.	›
AWHCLAntony Waste Handling Cell Limited	29 May Q4FY25	favourable	right	+2.0%	+2.8%	+3.3%	+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. 1 more	›
BFINVESTBF Investment Limited	29 May Q4FY25	unfavourable	right	-2.2%	-5.5%	-5.0%	+1%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Delivery share rose 11 points in the fortnight before — someone was taking stock home.	›
ENGINERSINEngineers India Ltd.	29 May Q4FY25	strong	right	+6.1%	+3.0%	+3.5%	+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. 2 more	›
ICRAICRA Limited	29 May Q4FY25	favourable	right	+2.2%	+2.0%	+2.5%	+20%	no figures	Ran up 20% 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.	›
IPCALABIpca Laboratories Ltd.	29 May Q4FY25	unfavourable	right	-3.7%	-6.9%	-6.4%	+7%	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.	›
ITDCIndia Tourism Development Corporation Limited	29 May Q4FY25	unfavourable	right	-0.3%	-4.6%	-4.1%	+8%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Volume ran 2.4x its prior month in the fortnight before. 1 more	›
LANDMARKLandmark Cars Limited	29 May Q4FY25	favourable	right	-5.9%	+3.8%	+4.3%	+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.	›
LEMONTREELemon Tree Hotels Ltd.	29 May Q4FY25	weak	right	-2.9%	-3.1%	-2.6%	+1%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Delivery share rose 7 points in the fortnight before — someone was taking stock home.	›
LUMAXTECHLumax Auto Technologies Limited	29 May Q4FY25	strong	right	+29.0%	+48.7%	+49.2%	+30%	no figures	Ran up 30% 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	›
NBCCNBCC (India) Ltd.	29 May Q4FY25	strong	right	+7.4%	+3.8%	+4.3%	+29%	no figures	Ran up 29% 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	›
POKARNAPokarna Limited	29 May Q4FY25	strong	right	-2.3%	+5.7%	+6.2%	+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.	›
PRESTIGEPrestige Estates Projects Ltd.	29 May Q4FY25	favourable	right	+2.6%	+10.3%	+10.8%	+25%	no figures	Ran up 25% in the 30 sessions before the result — a good number had little left to reward. Its sector moved +5.4% over the window. 2 more	›
SEPCSEPC Limited	29 May Q4FY25	weak	right	-2.1%	-9.8%	-9.3%	-1%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Volume ran 2.4x its prior month in the fortnight before.	›
SHALBYShalby Limited	29 May Q4FY25	weak	right	-6.8%	-8.6%	-8.1%	+2%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
SJVNSJVN Ltd.	29 May Q4FY25	unfavourable	right	-4.4%	-3.6%	-3.2%	+9%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›