Actionable insights on equities, fixed-income, macros and personal finance Start 14-Days Free Trial
Actionable investing insights Get Free Trial

Don't believe the headlines


Look at the following two headlines:

These are headings from the same web site, and it conveys the Q3 2007 results of two companies, Infosys and Sintex.

If you go by this heading you will think that Infosys has had a lacklustre performance but Sintex has done excellently.

But the problem is – each company has been reported differently! Infosys has been reported on a Quarter on Quarter (QoQ) comparison, that is, Q3 2007 results compared to Q2 2007.

Sintex, on the other hand, has been reported on it’s Year-on-Year (YoY) performance, i.e. Q3 2007 compared with Q3 2006.

This is not clear when you look at the headings – ALWAYS look inside results to see the true performance.

Comparing apples to apples now, here is the performance of Sintex and Infosys:

Infosys: +6%
Sintex: -17.8% (Negative, earlier quarter had higher profits)

Infosys: +51%
Sintex: 27%

You see how different it is when you have the real picture? Don’t trust the headlines; do your own research.


Like our content? Join Capitalmind Premium.

  • Equity, fixed income, macro and personal finance research
  • Model equity and fixed-income portfolios
  • Exclusive apps, tutorials, and member community
Subscribe Now Or start with a free-trial