Strong profit booking in stocks after results. Be it a bad or good result.
BOB with muted Q3 erased all its 10% gains in the recent rally!
Stocks like Radico Khaitan, PTC, Crompton Greaves, IFCI, etc have given below than expected results and have been beated down in the market.
Stocks like Mercator, Balakrishna Tyres, etc have posted a strong results and have seen profit booking.
Stocks with good results likely to rally 10% while the market is good in a month. Beaten down stocks are buy on deep cuts for 10% upside on a good market in 3 months time.