A great month for the Nifty

The next fortnight will see newsflow in the run up to the Karnataka Assembly elections and that could mean wide swings

Mr Market” as Ben Graham personified the equity market, has a capricious and manic-depressive personality. Consider the contrasting cases of Maruti Suzuki and Axis Bank, both of which declared their Q4 results (January-March 2018) results last week.

Maruti delivered a net profit of Rs 18.82 billion, 10 per cent up on a year-on-year (YoY) basis. Net sales grew 14.4 per cent YoY to Rs 205.94 billion. Axis Bank declared its first-ever loss, reporting a Rs 21.9 billion loss and a massive increase in non-performing assets (bad loans) to the tune of Rs 165.4 billion crore. Guess which stock got a