In my view, Results tell the history..i.e what happened in last 3 months / 1 year.
whereas, stock market discounts the future earning in price. So even if results are good,
current price of reliance already takes it into account.
Do you think those highly paid analysts /fund managers have not done their analysis and already know what reliance is come out with.
My common observation is, if results are good, price jumps for short time, or few days due to purchase by novice who think they are smart and making sound fundamental investment decision, and very soon, professionals come in to dump their stock and price drops or corrects.
And, CEO's are another breed of human being.. in bullish market, they are more optimistic about their projection.. and when mkt is bearish, they dump all the bad news.
Happy Trading.
whereas, stock market discounts the future earning in price. So even if results are good,
current price of reliance already takes it into account.
Do you think those highly paid analysts /fund managers have not done their analysis and already know what reliance is come out with.
My common observation is, if results are good, price jumps for short time, or few days due to purchase by novice who think they are smart and making sound fundamental investment decision, and very soon, professionals come in to dump their stock and price drops or corrects.
And, CEO's are another breed of human being.. in bullish market, they are more optimistic about their projection.. and when mkt is bearish, they dump all the bad news.
Happy Trading.