Happy Diwali :) Giving some quick commentary on some stocks that have posted good results. And, have also fallen from their top (1) Motilal Oswal - The stock's PE is reasonable - Excellent recent results - All time high profit and revenue numbers - Stock is around 10-15% fallen from its top - This is in an expanding industry, so might make sense to add: if you want exposure to brokerage firms (2) PNB - Stock has fallen 35-40% from its top - Revenue/profits numbers are good - The PE compared to its peers is still high, so I expect a slight correction from this point - (eg. BoB, Canara is at a better PE) - These types of stock you should only buy if they are at a massive discount (3) Manapuram Finance: - Stock has corrected by around 50% from top - All time high revenues/profits - RBI action on its gold lending business shook the price - But my estimate is: this problem should go away (4) IDFC First Bank - The results are not as bad people are making it out...