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

The Big Mo Corner: Looking at [Stock] after the numbers

The Big Mo Corner by Mohit Satyanand.

The quarterly and annual numbers for L&T came in on Friday. The first thing I looked for was how they compared to ‘the street’ – analyst expectations for earnings. Quarterly turnover, at Rs. 20,000 cr, was slightly ahead of the consensus, but PAT at Rs. 2723 cr., was well ahead, even after accounting for one-time gains, at about Rs. 500 cr. This performance should put a net under the stock price, not unwelcome, even if one is buying for the long-term.

For the record . . .

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