Sensex Trades Higher; Bharti Airtel & Reliance Top Gainers

Fri, 16 Nov 12:30 pm

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Share markets in India are presently trading on a positive note. Sectoral indices are trading mixed with stocks in the healthcare sector witnessing maximum buying interest while metal stocks are witnessing selling pressure.

The BSE Sensex is trading up by 203 points (up 0.6%), while the NSE Nifty is trading up by 61 points (up 0.6%). The BSE Mid Cap index is trading down 0.3%, while the BSE Small Cap index is trading down by 0.2%.

The rupee is trading at Rs 71.77 against the US$.

In the latest development from the results corner, Pfizer share price is in focus today as the company has declared its September quarter results.

The company has reported 13.8% fall in its net profit at Rs 0.9 billion for the quarter as compared to Rs 1.1 billion for the same quarter in the previous year.

You can read Pfizer Q2FY19 result analysis and Pfizer annual report on our website.

Speaking of quarterly results, you can check our recently released Q2FY19 result analysis of the following companies: Sun Pharma, Jet Airways, Ashok Leyland, Axis bank, Titan company and more.

Also, it's interesting to note that there is typically a big contrast between quarterly and annual earnings performance of companies and the extent to which they find favour among investors.

Over the last two months, for instance, stocks of companies that showed earnings recovery in September quarter, were as beaten down from 52-week highs as the stocks that underperformed in earnings.

Beware of following such herds.

Instead, stick to the best safe stocks in the market.

Moving on to the news from the banking space, Yes bank share price is witnessing selling pressure today.

Reportedly, former State Bank of India (SBI) chairman OP Bhatt resigned from the panel set up by the private sector lender to find a successor to its MD and CEO Rana Kapoor.

On Tuesday, Ashok Chawla stepped down as the bank's non-executive chairman.

Yes bank share price is trading down by 7%.

Speaking of corporate banks, Sarvajeet offers an interesting observation on a corporate bank stock with 80% upside.

Here's what he wrote in one of the recent editions of The 5 Minute WrapUp...

• Corporate banks have underperformed retail-focused banks in the last five years. The chart below shows the annualised returns of the last five years.
  
  

  Corporate Banks Underperforming Retail-focused Banks

  

  Retail-focused banks such as HDFC Bank and Kotak Mahindra bank performed significantly better compared to corporate banks. One of the important reasons for this outperformance is stable asset quality. They could maintain gross NPAs below 1% in the previous five years.

  Whereas corporate focused banks such as ICICI Bank, Axis Bank, and SBI are facing serious asset quality issues. Not to mention, some of these banks had management issues as well. No wonder these banks not only underperformed retail-focused banks, but also the BSE Bank index as well.

  But as I mentioned earlier, the worst is behind them.

  We recommended a corporate bank in Smart Money Secrets.

  Its aggressive clean-up of its corporate loan book, hiring the right people at the top, adoption of digital technology, and using algorithms in its core operations, bodes well for the bank and its stock. Smart Money Subscribers can access the report here.

  If you do not have access to Smart Money Secrets, you can sign up here...

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

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Indian Share Market Update: Top Gainers and Losers