velu Posted October 13, 2016 Share Posted October 13, 2016 Q2 result season starts with a bad note.. TCS posts poor result.. But inflation is down.. Link to comment Share on other sites More sharing options...
G_B_ Posted October 13, 2016 Author Share Posted October 13, 2016 4.31% rate cut NOW!!! Link to comment Share on other sites More sharing options...
randomGuy Posted October 13, 2016 Share Posted October 13, 2016 2 hours ago, velu said: Q2 result season starts with a bad note.. TCS posts poor result.. But inflation is down.. 1 hour ago, G_B_ said: 4.31% rate cut NOW!!! Good news on inflation. TCS expectations were bad I guess. From that respect, i guess, good results. I guess about inflation is that 4-5 years down the line, inflation will be even lower due to EVs (electric vehicles) adoption. (No oil imports, very good demographics in India - large working age population). G_B_ 1 Link to comment Share on other sites More sharing options...
jusarrived Posted October 13, 2016 Share Posted October 13, 2016 On 05/10/2016 at 3:19 PM, G_B_ said: Well surely u want to boost sentiment with fed rate rise. Sent from my Wileyfox Swift using Tapatalk Looks like a early cut is possible now . RBI seems to be hinting there is going to be one sooner than later G_B_ 1 Link to comment Share on other sites More sharing options...
G_B_ Posted October 13, 2016 Author Share Posted October 13, 2016 Inflation will fall further.... Food prices have a long way to fall. Full effects of extra crop sowing yet to be felt Sent from my Wileyfox Swift using Tapatalk jusarrived 1 Link to comment Share on other sites More sharing options...
jusarrived Posted October 13, 2016 Share Posted October 13, 2016 5 hours ago, velu said: Q2 result season starts with a bad note.. TCS posts poor result.. But inflation is down.. Was the result really that bad , I thot it was on expected lines , especially the YoY is better than excepted . Both Infy and TCS have done well not seeting high expectations . Though I have no idea how they will continue to generate revenues in future . Link to comment Share on other sites More sharing options...
velu Posted October 13, 2016 Share Posted October 13, 2016 Was the result really that bad , I thot it was on expected lines , especially the YoY is better than excepted . Both Infy and TCS have done well not seeting high expectations . Though I have no idea how they will continue to generate revenues in future . Infy got corrected by 15% from last quarter but tcs sort of where it was .. I m saying that the results are bad , bcoz almost all brokers r said abt the result.. Personally i follow price action after the results .. Link to comment Share on other sites More sharing options...
jusarrived Posted October 13, 2016 Share Posted October 13, 2016 1 hour ago, velu said: Infy got corrected by 15% from last quarter but tcs sort of where it was .. I m saying that the results are bad , bcoz almost all brokers r said abt the result.. Personally i follow price action after the results .. Cool . whats your take on ICICI ? for shorterm Do you track that Link to comment Share on other sites More sharing options...
CG Posted October 14, 2016 Share Posted October 14, 2016 Banks have to pass the rate cut first. Link to comment Share on other sites More sharing options...
velu Posted October 14, 2016 Share Posted October 14, 2016 9 hours ago, jusarrived said: Cool . whats your take on ICICI ? for shorterm Do you track that icici gave good result esp with NPA front last quarter and sort of bottomed out .. if we get the similar result then it shld go up ( because of massive cleanup in NPAs its more important than pfts ) Link to comment Share on other sites More sharing options...
velu Posted October 14, 2016 Share Posted October 14, 2016 TCS is up.. INFY result is also out.. and the stock is mildly down Link to comment Share on other sites More sharing options...
G_B_ Posted October 14, 2016 Author Share Posted October 14, 2016 Infy along expected lines.... Link to comment Share on other sites More sharing options...
CG Posted October 14, 2016 Share Posted October 14, 2016 icici gave good result esp with NPA front last quarter and sort of bottomed out .. if we get the similar result then it shld go up ( because of massive cleanup in NPAs its more important than pfts ) I thought they had a huge new watchlist of npa around 15000 crores. Link to comment Share on other sites More sharing options...
velu Posted October 14, 2016 Share Posted October 14, 2016 10 minutes ago, CG said: I thought they had a huge new watchlist of npa around 15000 crores. 28k crores .. ( googled for exact figures ) they said that their NPAs wont get any worse last time.. i think public banks were asked to come clean by Q4 2016 .. and i guess most banks wont give any -ve surprises with NPAs Link to comment Share on other sites More sharing options...
CG Posted October 14, 2016 Share Posted October 14, 2016 28k crores .. ( googled for exact figures ) they said that their NPAs wont get any worse last time.. i think public banks were asked to come clean by Q4 2016 .. and i guess most banks wont give any -ve surprises with NPAs The banks say that every time.its still a huge watchlist. Link to comment Share on other sites More sharing options...
velu Posted October 14, 2016 Share Posted October 14, 2016 The banks say that every time.its still a huge watchlist. Bank of baroda did exactly the same last time But Sbi came clean which has highest weightage Banks have only one more quarter left, so i guess they come clean asap.. Last 4 or 5 quarters banks were showing higher NPAs Banking stocks ll tank if they show increase in NPAs .. Link to comment Share on other sites More sharing options...
jusarrived Posted October 14, 2016 Share Posted October 14, 2016 13 hours ago, velu said: icici gave good result esp with NPA front last quarter and sort of bottomed out .. if we get the similar result then it shld go up ( because of massive cleanup in NPAs its more important than pfts ) The Prudential IPO hasnt helped much . I have some long positions , may be will hold for a while . Link to comment Share on other sites More sharing options...
jusarrived Posted October 14, 2016 Share Posted October 14, 2016 17 hours ago, CG said: Banks have to pass the rate cut first. I think they will this time , first week of Nov we can expect some announcements . tbh its not easy for them to pass the rate cut that quickly . tweaker 1 Link to comment Share on other sites More sharing options...
velu Posted October 17, 2016 Share Posted October 17, 2016 On 10/15/2016 at 0:28 AM, jusarrived said: The Prudential IPO hasnt helped much . I have some long positions , may be will hold for a while . ICICI up by 7% .. Looks like icici has arnd 10k crore of exposure to essar which is rated NPA/Watchlist , will be getting 80% back ( icici refused to disclose the loan details ) i think when bank puts them some loan under NPA , they can still recover some or most part of the loan randomGuy 1 Link to comment Share on other sites More sharing options...
jusarrived Posted October 17, 2016 Share Posted October 17, 2016 21 minutes ago, velu said: ICICI up by 7% .. Looks like icici has arnd 10k crore of exposure to essar which is rated NPA/Watchlist , will be getting 80% back ( icici refused to disclose the loan details ) i think when bank puts them some loan under NPA , they can still recover some or most part of the loan its been a pretty good month :D This news came out on Friday , surprising that it did not react to the news . I sold everything ~256 , I was hoping it would correct and I could re enter . I think it may reach 270-280 this week if the market supports . Link to comment Share on other sites More sharing options...
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