Why some stocks dip despite reporting strong quarterly results. Top 5 reasons3 min read 20 Aug 2022, 07:23 AM IST
Positive quarterly results are not enough, it needs to meet or even beat market expectations to drive the stock, say experts
As result season is almost over, market has more or less done with its reaction to the quarterly numbers reported by various listed companies. However, in the results season gone by, it was found that some stocks remained under pressure, though its Q1 results were highly positive. IRCTC shares are glaring example of it. IRCTC shares were trading lower a day after the state-owned PSU company reported 196 per cent jump in net profit in Q1FY23 (recent rise in IRCTC shares is due to the data monetization buzz).
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