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.

46305results judged

32%beat the market

-0.5%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	1083	0	0	1083	-1.2%	›
unfavourable	1077	511	340	226	-0.4%	›
weak	1097	535	319	243	-0.9%	›
unread	40879	—	—	—	-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 6

"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	38258	1235	1219	1269	50%	-0.6%	›
NIFTY FINANCIAL SERVICES	1563	95	100	152	49%	-0.3%	›
NIFTY ENERGY	953	68	51	76	57%	+0.4%	›
NIFTY AUTO	805	43	53	73	45%	+0.6%	›
NIFTY INFRASTRUCTURE	802	48	38	70	56%	+0.3%	›
NIFTY FMCG	610	42	35	55	55%	-0.1%	›
NIFTY IT	575	40	38	47	51%	+0.2%	›
NIFTY METAL	472	20	41	43	33%	-0.4%	›
NIFTY HEALTHCARE INDEX	469	18	34	49	35%	+0.2%	›
NIFTY PHARMA	441	25	28	39	47%	+0.0%	›
NIFTY BANK	363	31	23	28	57%	-0.0%	›
NIFTY CONSUMER DURABLES	359	23	24	18	49%	+0.4%	›
NIFTY REALTY	255	15	17	20	47%	+0.6%	›
NIFTY PSU BANK	157	17	4	15	81%	+0.8%	›
NIFTY MEDIA	116	5	8	11	38%	+0.7%	›
NIFTY OIL & GAS	56	5	3	3	63%	-3.5%	›
NIFTY PRIVATE BANK	51	4	4	4	50%	-2.0%	›

By quarter

one results season at a time

Quarter	Judged	Right	Wrong	Flat	Hit rate	Avg vs mkt
Q1FY27	2252	155	137	162	53%	+0.6%	›
Q4FY19	7	0	0	0	—	-0.1%	›
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%	›
Q2FY24	1673	0	0	0	—	+1.5%	›
Q1FY24	1708	0	0	0	—	+3.3%	›
Q3FY24	1796	0	0	0	—	-1.1%	›
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%	›
Q4FY21	1490	0	0	0	—	+3.1%	›
Q3FY21	1476	0	0	0	—	+2.2%	›
Q1FY22	1515	0	0	0	—	-6.5%	›
Q1FY21	1388	0	0	0	—	+2.8%	›
Q3FY20	1276	0	0	0	—	-3.1%	›
Q1FY20	10	0	0	0	—	+2.6%	›
Q4FY20	1342	0	0	0	—	-0.1%	›
Q2FY20	118	0	0	0	—	+2.4%	›
Q1FY19	3	0	0	0	—	-2.8%	›
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
GHCLTEXTILGHCL Textiles Limited	1 Nov Q2FY26	—	unread	+5.1%	-1.3%	-2.0%	-6%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. No read was made before this result; recorded for the base rate.	›
GNAGNA Axles Limited	1 Nov Q2FY26	—	unread	+2.0%	-0.4%	-1.1%	+0%	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. 1 more	›
INDRAMEDCOIndraprastha Medical Corporation Limited	1 Nov Q2FY26	strong	wrong	-0.4%	-14.3%	-15.0%	+26%	no figures	Ran up 26% 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	›
JKCEMENTJ.K. Cement Ltd.	1 Nov Q2FY26	unfavourable	right	-7.1%	-11.7%	-12.4%	-8%	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	›
NETWEBNetweb Technologies India Ltd.	1 Nov Q2FY26	strong	wrong	-10.1%	-19.3%	-20.0%	+38%	no figures	Ran up 38% 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	›
ORIENTCEMOrient Cement Limited	1 Nov Q2FY26	weak	right	-1.0%	-14.8%	-15.5%	-6%	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. 1 more	›
OSWALAGROOswal Agro Mills Limited	1 Nov Q2FY26	neutral	neutral	-1.6%	-17.2%	-17.9%	+1%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
SALZERELECSalzer Electronics Limited	1 Nov Q2FY26	strong	wrong	-9.3%	-11.4%	-12.1%	+4%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
SANGHIINDSANGHIIND	1 Nov Q2FY26	—	unread	+0.9%	-1.8%	-2.5%	-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. 1 more	›
SBFCSBFC Finance Ltd.	1 Nov Q2FY26	strong	wrong	+3.0%	-4.0%	-4.7%	+5%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Volume ran 2.1x its prior month in the fortnight before. 2 more	›
TAJGVKTaj GVK Hotels & Resorts Limited	1 Nov Q2FY26	favourable	wrong	-2.2%	-3.7%	-4.5%	-2%	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.	›
TATACHEMTata Chemicals Ltd.	1 Nov Q2FY26	weak	right	+0.2%	-7.2%	-7.9%	-11%	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.	›
URBANCOUrban Company Ltd.	1 Nov Q2FY26	—	unread	-5.6%	-6.0%	-6.8%	-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. 1 more	›
ACCACC Ltd.	31 Oct Q2FY26	weak	right	-2.6%	-2.3%	-3.0%	+1%	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.	›
APTUSAptus Value Housing Finance India Ltd.	31 Oct Q2FY26	weak	right	-7.3%	-9.1%	-9.9%	-3%	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	›
AWHCLAntony Waste Handling Cell Limited	31 Oct Q2FY26	neutral	neutral	-5.1%	-11.7%	-12.4%	-10%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
BAJAJELECBajaj Electricals Limited	31 Oct Q2FY26	weak	right	-1.7%	-3.1%	-3.8%	-15%	no figures	Fell 15% 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. 1 more	›
BALKRISINDBalkrishna Industries Ltd.	31 Oct Q2FY26	neutral	neutral	+3.7%	+1.3%	+0.5%	-9%	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. 1 more	›
BANKBARODABank of Baroda	31 Oct Q2FY26	strong	right	+3.5%	+3.6%	+2.9%	+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.	›
BELBharat Electronics Ltd.	31 Oct Q2FY26	favourable	neutral	-2.6%	-1.2%	-2.0%	+3%	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	›
BPCLBharat Petroleum Corporation Ltd.	31 Oct Q2FY26	favourable	right	+4.5%	+4.2%	+3.5%	+10%	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	›
CHEMFABChemfab Alkalis Limited	31 Oct Q2FY26	—	unread	-5.5%	-15.9%	-16.6%	-8%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. No read was made before this result; recorded for the base rate.	›
DHANUKADhanuka Agritech Limited	31 Oct Q2FY26	weak	right	-4.2%	-10.0%	-10.7%	-12%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Volume ran 1.8x its prior month in the fortnight before. 1 more	›
DWARKESHDwarikesh Sugar Industries Limited	31 Oct Q2FY26	neutral	neutral	-2.6%	-4.9%	-5.6%	+1%	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.	›
EMAMIPAPEmami Paper Mills Limited	31 Oct Q2FY26	—	unread	+0.2%	-5.3%	-6.1%	-6%	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	›
EMKAYEmkay Global Financial Services Limited	31 Oct Q2FY26	—	unread	-0.2%	-3.9%	-4.6%	+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. 1 more	›
EQUITASBNKEquitas Small Finance Bank Limited	31 Oct Q2FY26	strong	right	+6.1%	+13.3%	+12.6%	+2%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
FACTFertilisers and Chemicals Travancore Ltd.	31 Oct Q2FY26	unfavourable	neutral	-0.7%	+0.6%	-0.2%	-10%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
GAILGAIL (India) Ltd.	31 Oct Q2FY26	unfavourable	neutral	-0.6%	+0.8%	+0.1%	+1%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. 14 sector peers reported the same week; the sector read may already have been set.	›
GODREJCPGodrej Consumer Products Ltd.	31 Oct Q2FY26	weak	neutral	+4.0%	+2.1%	+1.4%	-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. 1 more	›
IFBAGROIFB Agro Industries Limited	31 Oct Q2FY26	—	unread	+10.0%	+13.5%	+12.8%	+69%	no figures	Ran up 69% 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	›
INTELLECTIntellect Design Arena Ltd.	31 Oct Q2FY26	weak	right	+5.7%	-4.0%	-4.7%	+10%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Volume ran 2.0x its prior month in the fortnight before. 1 more	›
JUBLPHARMAJubilant Pharmova Ltd.	31 Oct Q2FY26	neutral	neutral	+7.3%	+3.1%	+2.4%	-1%	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.	›
KPILKalpataru Projects International Ltd.	31 Oct Q2FY26	favourable	wrong	+4.6%	-3.4%	-4.1%	-1%	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	›
LALPATHLABDr. Lal Path Labs Ltd.	31 Oct Q2FY26	favourable	neutral	+0.6%	+1.5%	+0.8%	-4%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
LGBBROSLTDLG Balakrishnan & Bros Limited	31 Oct Q2FY26	unfavourable	wrong	+28.0%	+28.7%	+28.0%	+3%	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	›
MAHLIFEMahindra Lifespace Developers Limited	31 Oct Q2FY26	favourable	neutral	+5.9%	+2.0%	+1.3%	+1%	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.	›
MARUTIMaruti Suzuki India Ltd.	31 Oct Q2FY26	favourable	wrong	-5.0%	-1.6%	-2.3%	+2%	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	›
MEDPLUSMedplus Health Services Limited	31 Oct Q2FY26	unfavourable	wrong	+6.0%	+3.2%	+2.5%	-10%	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	›
MHRILMahindra Holidays & Resorts India Limited	31 Oct Q2FY26	weak	neutral	+0.7%	+1.4%	+0.6%	-8%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Its reversal habit held this quarter.	›
NOCILNOCIL Limited	31 Oct Q2FY26	unfavourable	right	-2.4%	-7.1%	-7.8%	+2%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
NORTHARCNorthern Arc Capital Limited	31 Oct Q2FY26	—	unread	+1.0%	-3.9%	-4.7%	+3%	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. 1 more	›
PATANJALIPatanjali Foods Ltd.	31 Oct Q2FY26	neutral	neutral	-4.5%	-2.5%	-3.3%	+0%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. 9 sector peers reported the same week; the sector read may already have been set.	›
PHOENIXLTDPhoenix Mills Ltd.	31 Oct Q2FY26	strong	neutral	+5.1%	+2.5%	+1.7%	+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	›
PRSMJOHNSNPrism Johnson Limited	31 Oct Q2FY26	favourable	wrong	-5.6%	-5.4%	-6.1%	+2%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
RRKABELR R Kabel Ltd.	31 Oct Q2FY26	strong	wrong	+0.7%	-4.5%	-5.2%	+14%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Volume ran 4.9x its prior month in the fortnight before.	›
RTNPOWERRattanIndia Power Limited	31 Oct Q2FY26	unfavourable	right	-1.1%	-7.9%	-8.6%	-11%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Its continuation habit held this quarter.	›
SAHYADRISahyadri Industries Limited	31 Oct Q2FY26	—	unread	+2.2%	+1.7%	+1.0%	-3%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Delivery share rose 13 points in the fortnight before — someone was taking stock home. 1 more	›
SAMMAANCAPSammaan Capital Ltd.	31 Oct Q2FY26	—	unread	-1.3%	-3.1%	-3.8%	+40%	no figures	Ran up 40% 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	›
SCHAEFFLERSchaeffler India Ltd.	31 Oct Q2FY26	neutral	neutral	+2.9%	+3.0%	+2.2%	-3%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. 8 sector peers reported the same week; the sector read may already have been set.	›
SHRIRAMFINShriram Finance Ltd.	31 Oct Q2FY26	strong	right	+6.4%	+9.5%	+8.8%	+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. 3 more	›
SIGMASigma Solve Limited	31 Oct Q2FY26	—	unread	+2.9%	-8.2%	-9.0%	-88%	no figures	Fell 88% 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. 1 more	›
SPANDANASpandana Sphoorty Financial Limited	31 Oct Q2FY26	weak	wrong	-4.5%	+11.2%	+10.5%	-3%	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.	›
STARStrides Pharma Science Limited	31 Oct Q2FY26	unfavourable	wrong	+3.0%	+3.4%	+2.6%	+6%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Volume ran 4.4x its prior month in the fortnight before. 1 more	›
STEELCASSteelcast Limited	31 Oct Q2FY26	favourable	wrong	-4.5%	-1.6%	-2.3%	+4%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
TATVATatva Chintan Pharma Chem Limited	31 Oct Q2FY26	—	unread	+7.5%	+9.6%	+8.9%	+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	›
VEDLVedanta Ltd.	31 Oct Q2FY26	favourable	right	+3.0%	+3.5%	+2.7%	+8%	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.	›
VLEGOVVL E-Governance & IT Solutions Limited	31 Oct Q2FY26	—	unread	-7.0%	-2.5%	-3.2%	-32%	no figures	Fell 32% 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	›
WHEELSWheels India Limited	31 Oct Q2FY26	strong	neutral	+1.7%	-1.0%	-1.7%	+11%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Its continuation habit held this quarter.	›
ZENSARTECHZensar Technolgies Ltd.	31 Oct Q2FY26	neutral	neutral	-7.7%	-11.7%	-12.5%	-5%	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	›