10 BSE cos double net profit in Q3; other factors to consider before investing in their stocks

In terms of price performance, nine out of 10 stocks have given negative returns up to 50 percent in last 1 year.

The December quarter results were largely in-line with estimates with Nifty50 net sales, EBITDA, and PAT growing 19 percent, 2.3 percent, and 1 percent, year-on-year (YoY), respectively.

We have collated a list of 10 stocks from BSE that showed tremendous improvement in the bottomline quarter-on-quarter (QoQ) as well as YoY. The list includes ACC, Axis Bank, BEML, Bharat Dynamics, Gujarat Gas, Inox Leisure, Shoppers Stop and Sundaram Clayton.

However, an important question is — if these stocks are a preferred buy at current levels? Experts feel that tracking the bottomline is one way to analyse the stocks and there could be numerous reasons for the rise in the net profit figure.

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