Top stocks with high net profit and 10% price rise in three months

Markets have been tumbling for the five consecutive days. In this article, we would be listing top stocks with rising net profit growth that surged over 10% in last three months.

A global slowdown, surging oil prices and weak domestic demand are likely to take a toll on India’s economy, says Morgan Stanley after lowering its economic growth forecasts in the next two fiscal years for India. The growth in Gross Domestic Product (GDP) likely is 7.6% for the fiscal year 2023 and 6.7% for the fiscal year 2024. This is 30 basis points (100 basis points equals 1%) lower than the previous estimates.

On Thursday, Asian indices fell amid the elevated US inflation numbers strengthening the likelihood of aggressive monetary tightening. On May 11, 2022, the Nifty 50 again witnessed selling pressure at higher levels. Although it retreated up well from its intraday lows but ended 73 points or 0.45% at 16,167.

On Thursday, Nifty 50 witnessed a huge gap-down opening and at present is trading below its crucial support level of 15,850. Therefore, in the near term, the levels of 15,700 to 15,500 would act as crucial support, while on the upside the levels of 16,200 to 16,400 would act as a crucial resistance.

Here is the list of top stocks with rising net profit growth that surged over 10 per cent in last three months.