Stocks with more than 10 per cent returns and growing net profit in three months

Nifty 50 ends a seven-day losing run with a gap up opening. In this post, we will discuss top stocks with quarterly returns of more than 10% and growing net profit growth.

Nifty 50 futures appear to have taken a respite after exhibiting weakness for seven straight days. It saw a gap up opening on June 21, 2022, with the open and low nearly at the same level.

This can be ascribed to the cooling of US index futures and positive hints from Asian counterparts. Markets rose as a result of purchasing in media and PSU banks, followed by oil and gas. Nonetheless, all sectors were trading in the green.

Today's trading session saw the Nifty 50 rise 1.83 per cent to 15,631.5. Broader markets outpaced frontline indexes, with the Nifty Mid-Cap and Nifty Small-Cap indices rising 3.56 per cent and 3.42 per cent, respectively.

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

Although this appears to be the finish of the bear market, there are no signals of a bear market ends. On the upside, the Nifty 50 will encounter strong resistance between 17,700 to 17,850 levels, with 15,050 to 15,200 acting as sturdy support.

Purchasing strong socks at this point, on the other hand, is prudent. As a result, in this post, we have highlighted companies that have returned more than 10 per cent in the previous three months while also increasing net profit.