Companies with over 10% returns in last three months and rising net profit growth

Companies with over 10% returns in last three months and rising net profit growth

by 5paisa Research Team Last Updated: 2022-06-21T16:36:53+05:30

Nifty 50 snapped the seven-day losing streak witnessing a gap up opening. In this article, we have listed top stocks with quarterly returns over 10% accompanied by rising net profit growth.

After showcasing weakness for seven consecutive sessions, Nifty 50 futures seems to have finally taken a breather. On June 21, 2022, it witnessed a gap up opening with open and low being practically at the same levels.

This can be very well attributed to the cooling down of US indices futures and optimistic cues from Asian peers. The buying in media and PSU banks was followed by oil & gas. Having said that, all sectors were trading green.

Nifty 50 ended today’s trading session up by 1.83% at 15,631.5. Broader markets have outperformed frontline indices with Nifty Mid-Cap and Nifty Small-Cap indices soaring by 3.56% and 3.42%, respectively.

In past one month, Nifty 50 had corrected over 5%, while broader markets such as Nifty Mid-Cap and Nifty Small-Cap indices had declined 9.25% and 12.63%, respectively.

Although this might seem to be the end of the bear market, technically we yet have no signs of the end of a bear market. Nifty 50 would face strong resistance at 17,700 to 17,850 levels and on the decline 15,050 to 15,200 would act as good support.

However, acquiring strong socks at this juncture is sensible. Hence, in this article, we have identified stocks that have returned over 10% in the last three months accompanied by rising net profit.

Stocks 

CMP (Rs) 

Quarterly Change (%) 

Net Profit QOQ Growth (%) 

Net Profit Quarterly Growth YOY (%) 

Market Cap (Rs Crore) 

PE TTM 

Mangalore Refinery and Petrochemicals Ltd. 

84.35 

104.7 

410.7 

1,006.6 

14,783.2 

5.0 

Welspun Corp Ltd. 

199.65 

38.6 

274.1 

8.0 

5,209.9 

10.8 

Elgi Equipments Ltd. 

388.2 

29.4 

75.1 

68.5 

12,302.4 

68.9 

EID Parry (India) Ltd. 

550.2 

27.0 

32.8 

4,871.6 

9,762.4 

10.8 

Mahindra & Mahindra Ltd. 

996.2 

25.4 

12.6 

109.1 

1,23,846.8 

16.8 


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