A good start to the Q4 results
There is no denying that its still early as far as the results for the Q4 in the Indian market are concerned but most technical experts feel that the early birds have surely hit the sweet spot as far as the expectation from the economy are concerned.
In fact, experts believe that the results have been following the expected trend so far and the companies that will follow will only replicate the success of the starters.
According to Sanjeev Prasad, executive director, Kotak Institutional Equities, the results haven’t really been surprising so far apart from a handful of them that have even crossed the estimates.
However, Prasad also highlighted the fact that the same could also be because of riding on the back of factors like rise in other income or a fall in expenditure.
Be it the two-wheeler maker Hero Honda or the liquor baron Vijay Mallya led United Spirits, almost all the companies that have declared their results have been able to get a five on five from the investors and the markets.