Bullets

The stock market has been choppy for a while now and amid all the volatility let's take a look at how the quarter 4 results of some popular companies have been.

M&M’s quarter profits jumped by 5x to ₹1,192 crores, and revenue grew by 28% while the profit of IIFL jumped by 80%. The rally of profits for companies is not over. GAIL India also reported a jump of 40% in net profits owing to the rise in sales of natural gas. 

On the flip side, Ruchi Soya reported a 25% decline in its standalone net profits. Nykaa also recorded a sharp decline of 49% in its net profit. While the profits of JSW steel witnessed a 22.96% drop in its consolidated profits. PB Fintech which posted a net loss of last year has widened it to ₹219.61 crores. Even the net loss of Zomato tripled this quarter. 

To sum it up, the overhyped & shiny IPOs such as Nykaa, Zomato and PB Fintech were unable to deliver and the stock price in the case of Nykaa and Zomato has seen a sharp decline due to the same reason.   

Sensex saw a meteoric rise of 1,534 points with Nifty following in the same direction with 456 points. The two indices ended up at 54,326 and 16,266 points respectively.
Other major indices like metals, realty, PSUs and pharma, all saw a rise of 3-4% each. So, is the stock market turning green a sign that it’s turning over a new leaf?

One of the reasons for this sudden uptrend is manic buying that came as a result of Thursday's drop of Sensex and Nifty by 1,416 points and 430 points respectively. These tumbles are very in trend with the fall of the two indices by 3,585 points (Sensex) and 1,126 points (Nifty). Guess the masses are learning to “buy the dip” after all.

But today’s fantastic rise makes room for another question… If the traders get in on this action, is the share market looking to go on a roller coaster ride of ups and downs as traders try to “buy-low, sell-high”?