Arvind announced their Q4 earnings on May 9 and the stock tanked. I just looked at the figures - Revenue is up 21% and the PAT is up 48%. So why the stock tanked 13%? Maybe the results were below market expectations or whatever. You can see the results here
The stock has a support line around Rs 76 and if it continues to hold above this then the stock is likely to trade within this range 76 - 92
4 comments:
THANKS for chart with view,if i had done straddle like infosys then i had benefited..
Hmm, trading on an earnings day can be crazy.
Long Story made short, never buy a stock when its going up in this bear market scenario, yes 2/10 will reward you but is it worth it
Yeah, BC, yo're partly right.
Buying for investment purpose is ok but trading Options on an earnings day is a kinda gamble.
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