EPS is earnings per share
When you divide the total net profits by the total number of shares = you get EPS
Usually, the total number of shares does not go up that frequently (so the denominator remains constant), whereas profits go up or down.
If the EPS = 5, it means you will get Rs5 per every share you hold in that company
see RED highlighted box, it shows the EPS of icici bank
Nifty Analysis Recap from yesterday: “After surging past the 20875 levels — N50 is not willing to take the rest. We broke out from the ascending channel, now it has formed a trend line well above that — how do I explain this craziness to someone? For tomorrow the bullish stance continues and the first support level will be…
Quite an unexpected turn of events. On 23rd Dec we thought there could be a slight option for a short covering rally — read here — but i never thought the short covering will turn into a bear rally breaker. 2.31% intraday rally on a weak market — quite impossible to comprehend. BN started the day at the support level and…
Monthly Analysis In this monthly series banknifty has moved up 2958pts ~ 7.40%. By any standards that is really superb. It has taken out 7 crucial resistances in the process and is now exactly at the 8th resistance point. This outperformance is cementing India’s growth story to the global financial markets. Everywhere else the news…
Nifty Weekly Analysis Nifty is up an impressive 526pts ~ 2.71% between the last expiry & today. This is by far the most impressive breakout by Nifty. From the last known resistance level of 18880, nifty is up 6.07% ~ 1142pts in a span of 3 weeks. Guess what? My analysis went deeply wrong this…
Bank nifty opened gap down at 40149 almost at the support level and then continued to trade downwards. Looking at the first 15mts of trade i thought we would see a giant red daily candle — but that did not happen. The selling got arrested 39887 level even before the 2nd level of support reached. This may…
The chapters below are the analysis of each day’s price movement. It is highly technical in nature and my reports are based on the charts. Usually, I start with the 5mts candle and call out any anomaly or unusual patterns. Then I take up the 1hr chart to see if it fits into the broader…
