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
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.	›
GREAVESCOTGreaves Cotton Limited	30 Apr Q4FY25	weak	wrong	-1.2%	+7.2%	+4.4%	-9%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
GREENPOWEROrient Green Power Company Limited	30 Apr Q4FY25	unfavourable	wrong	-0.3%	+8.4%	+5.6%	+1%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
INDUSTOWERIndus Towers Ltd.	30 Apr Q4FY25	strong	wrong	-5.9%	-1.9%	-4.7%	+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. 1 more	›
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	›
JINDALSTELJindal Steel Ltd.	30 Apr Q4FY25	unfavourable	wrong	+0.9%	+9.6%	+6.8%	-1%	no figures	Its sector moved +7.2% over the window. No reported figures on file for this quarter, so the result itself could not be judged. 1 more	›
JSWINFRAJSW Infrastructure Ltd.	30 Apr Q4FY25	—	unread	-1.5%	-1.8%	-4.7%	+12%	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.	›
KRYSTALKrystal Integrated Services Limited	30 Apr Q4FY25	—	unread	+26.6%	+25.4%	+22.6%	+23%	no figures	Ran up 23% 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	›
KSBKsb Limited	30 Apr Q4FY25	favourable	right	-1.1%	+6.0%	+3.2%	+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.	›
LGBBROSLTDLG Balakrishnan & Bros Limited	30 Apr Q4FY25	weak	wrong	+5.3%	+11.2%	+8.3%	-0%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
MOILMOIL Limited	30 Apr Q4FY25	weak	wrong	+4.7%	+15.2%	+12.4%	-1%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
PARASParas Defence and Space Technologies Limited	30 Apr Q4FY25	—	unread	+1.2%	+32.4%	+29.5%	+51%	no figures	Ran up 51% 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	›
PHOENIXLTDPhoenix Mills Ltd.	30 Apr Q4FY25	favourable	wrong	-6.6%	-6.8%	-9.6%	+4%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Its reversal habit held this quarter.	›
PUNJABCHEMPunjab Chemicals & Crop Protection Limited	30 Apr Q4FY25	—	unread	-3.1%	-1.8%	-4.6%	+42%	no figures	Ran up 42% 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	›
RPELRaghav Productivity Enhancers Limited	30 Apr Q4FY25	—	unread	+1.5%	+11.6%	+8.8%	+35%	no figures	Ran up 35% 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	›
RSSOFTWARER. S. Software (India) Limited	30 Apr Q4FY25	—	unread	-6.9%	-4.8%	-7.6%	-4%	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.	›
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	›
SONACOMSSona BLW Precision Forgings Ltd.	30 Apr Q4FY25	weak	wrong	+5.7%	+12.8%	+10.0%	-5%	no figures	Its sector moved +7.4% over the window. No reported figures on file for this quarter, so the result itself could not be judged. 2 more	›
SRGHFLSRG Housing Finance Limited	30 Apr Q4FY25	—	unread	-3.7%	+4.8%	+2.0%	+2%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Delivery share rose 19 points in the fortnight before — someone was taking stock home. 1 more	›
STEELCITYSteel City Securities Limited	30 Apr Q4FY25	—	unread	-4.8%	-1.4%	-4.3%	+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.	›
SUNDRMFASTSundram Fasteners Limited	30 Apr Q4FY25	weak	wrong	+0.9%	+7.0%	+4.2%	-2%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
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	›
VARDHACRLCVardhman Acrylics Limited	30 Apr Q4FY25	—	unread	-0.6%	+3.1%	+0.3%	+5%	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.	›
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.	›
VEDLVedanta Ltd.	30 Apr Q4FY25	weak	wrong	+0.1%	+5.2%	+2.4%	-6%	no figures	Its sector moved +7.2% over the window. No reported figures on file for this quarter, so the result itself could not be judged. 2 more	›
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	›
BAJAJFINSVBajaj Finserv Ltd.	29 Apr Q4FY25	favourable	wrong	-5.3%	-1.2%	-4.2%	+14%	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	›
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	›
CAPITALSFBCapital Small Finance Bank Limited	29 Apr Q4FY25	—	unread	-1.3%	-1.9%	-4.9%	+12%	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.	›
CEATLTDCeat Ltd.	29 Apr Q4FY25	strong	right	+10.3%	+28.0%	+25.0%	+20%	no figures	Ran up 20% in the 30 sessions before the result — a good number had little left to reward. Its sector moved +6.8% over the window. 3 more	›
CIEINDIACIE Automotive India Ltd.	29 Apr Q4FY25	—	unread	-3.7%	+7.2%	+4.2%	+6%	no figures	Its sector moved +6.8% over the window. No reported figures on file for this quarter, so the result itself could not be judged. 3 more	›
DAVANGEREDavangere Sugar Company Limited	29 Apr Q4FY25	—	unread	+1.6%	+3.2%	+0.2%	-13%	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.	›
DBSTOCKBRODB (International) Stock Brokers Limited	29 Apr Q4FY25	—	unread	-0.4%	+2.4%	-0.6%	-19%	no figures	Fell 19% 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	›
DELPHIFXDELPHI WORLD MONEY LIMITED	29 Apr Q4FY25	—	unread	-4.0%	-4.6%	-7.6%	+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.	›
DENORADe Nora India Limited	29 Apr Q4FY25	—	unread	-4.0%	+3.5%	+0.5%	+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.	›
FEDFINAFedbank Financial Services Limited	29 Apr Q4FY25	—	unread	-1.7%	-1.1%	-4.1%	+3%	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.	›
FIVESTARFive-Star Business Finance Ltd.	29 Apr Q4FY25	strong	wrong	-7.7%	-10.2%	-13.2%	+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. 1 more	›
INDIAMARTIndiamart Intermesh Ltd.	29 Apr Q4FY25	strong	wrong	-3.1%	-0.0%	-3.0%	+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. 1 more	›
INDOSTARIndoStar Capital Finance Limited	29 Apr Q4FY25	strong	right	+1.3%	+8.5%	+5.5%	+27%	no figures	Ran up 27% 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.	›
JSFBJana Small Finance Bank Limited	29 Apr Q4FY25	—	unread	-5.0%	-4.1%	-7.1%	+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. 1 more	›
NATHBIOGENNath Bio-Genes (India) Limited	29 Apr Q4FY25	—	unread	+0.8%	+15.4%	+12.4%	+4%	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.	›
NDLVENTURENDL Ventures Limited	29 Apr Q4FY25	—	unread	-1.4%	-3.6%	-6.6%	-29%	no figures	Fell 29% 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	›
ORBTEXPOrbit Exports Limited	29 Apr Q4FY25	—	unread	-4.3%	-5.2%	-8.2%	+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. 1 more	›
PCBLPCBL Chemical Ltd.	29 Apr Q4FY25	neutral	neutral	-2.2%	+6.0%	+3.1%	-3%	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.	›
PRAJINDPraj Industries Limited	29 Apr Q4FY25	weak	right	-11.1%	-3.7%	-6.7%	-1%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
PSBPunjab & Sind Bank	29 Apr Q4FY25	weak	right	-3.0%	-0.7%	-3.7%	-24%	no figures	Fell 24% 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.	›
SCHAEFFLERSchaeffler India Ltd.	29 Apr Q4FY25	unfavourable	wrong	+8.1%	+20.0%	+17.0%	+1%	no figures	Its sector moved +6.8% over the window. No reported figures on file for this quarter, so the result itself could not be judged. 1 more	›
SHOPERSTOPShoppers Stop Limited	29 Apr Q4FY25	neutral	neutral	-10.0%	-5.6%	-8.6%	+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.	›
SITINETSiti Networks Limited	29 Apr Q3FY25	—	unread	-7.0%	-12.3%	-15.3%	-2%	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.	›
STARHEALTHStar Health and Allied Insurance Company Ltd.	29 Apr Q4FY25	neutral	neutral	-5.2%	+5.5%	+2.5%	+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	›
TRENTTrent Ltd.	29 Apr Q4FY25	unfavourable	neutral	-4.5%	+3.4%	+0.5%	+8%	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.	›
UMIYA-MROUMIYA BUILDCON LIMITED	29 Apr Q4FY25	—	unread	-6.2%	-3.0%	-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 3% of its 52-week high. 2 more	›
UTIAMCUTI Asset Management Company Ltd.	29 Apr Q4FY25	neutral	neutral	-5.3%	+1.1%	-1.9%	+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	›
VMMVishal Mega Mart Ltd.	29 Apr Q4FY25	—	unread	+12.6%	+18.8%	+15.9%	+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.	›
ABSLAMCAditya Birla Sun Life AMC Ltd.	28 Apr Q4FY25	weak	wrong	+3.0%	+6.3%	+4.9%	+9%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. Volume ran 1.5x its prior month in the fortnight before. 1 more	›
ADANIGREENAdani Green Energy Ltd.	28 Apr Q4FY25	unfavourable	neutral	-4.3%	+2.8%	+1.4%	+14%	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	›
ATGLAdani Total Gas Ltd.	28 Apr Q4FY25	weak	wrong	-2.7%	+6.3%	+4.9%	+2%	no figures	No reported figures on file for this quarter, so the result itself could not be judged. 6 sector peers reported the same week; the sector read may already have been set.	›
AWLAWL Agri Business Ltd.	28 Apr Q4FY25	weak	right	-4.4%	-4.5%	-5.9%	+11%	no figures	No reported figures on file for this quarter, so the result itself could not be judged.	›
CASTROLINDCastrol India Ltd.	28 Apr Q4FY25	unfavourable	right	-5.6%	-1.5%	-2.9%	-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. 2 more	›