Stocks that moved significantly after announcement of Q4 results

May 9 is one of the busiest trading sessions since more than 45 companies are scheduled to report their financial results for the quarter ended on March 31, 2017. Most of these companies have already posted their results while few are on the way.

If one considers the performance of major market indices, then it seems that the markets had lacklustre trading. However, this is not true. Many companies that posted their quarterly financial results have shown strong movement in their share prices.

Following is a glimpse of the performance of some of the major stocks which moved either upwards or downwards in Tuesday’s trading session:

Dena Bank: Dena Bank’s Q4FY17 standalone NII for the quarter came in at Rs 450 crore a 28% Y-o-Y decline, which was aided by decline in interest earned by 13% Y-o-Y to Rs 2297 crore. The stock witnessed a sharp decline after the Q4 results were announced. The stock declined by around 6% to a low of Rs 44.30.

Godrej Consumer Products Ltd.: Godrej Consumer Products consolidated revenue for the quarter came in at Rs 2,390 crore, registering 12.2% Y-o-Y increase. This was primarily driven by 10.3% Y-o-Y and 47.3% Y-o-Y jump in India and Africa business revenues, respectively. The stock witnessed sharp surge after the Q4 results were announced. The stock touched its fresh 52-week high of Rs 1,956.20, up by around 11%.

SREI Infrastructure Finance Ltd.: SREI Infrastructure Finance Ltd's NII for the quarter came in at Rs 284.4 crore, registering a 332.2% Y-o-Y increase. The adjusted PAT grew by 43.3% Y-o-Y to Rs 20.7 cr in 4QFY17. The Board of Directors has recommended dividend of Rs 0.50 per equity share for the face value of Rs 10 each. The stock declined in the post lunch hours to touch its intra-day low of Rs 105.55, down by around 4%.