Market Movers: Robust Q4 numbers set these stocks soaring!
Minda Industries, Deepak Fertilizer and Bayer Cropscience rally in today’s session.
Amid weak market sentiments, most sectoral indices closed lower except for Banking and Financials. At the closing bell on May 25, the Sensex closed with a loss of 0.6 per cent or 303 points to close at 53,749.26, while the Nifty index lost 0.6 per cent or 99 points at 16,025.80.
Minda Industries, Deepak Fertilizer and Bayer Cropscience witnessed positive action in today’s session.
Minda Industries zoomed 6.78 per cent in today’s session after the company announced the issue of bonus shares in the ratio of 1:1. For Q4FY22, PAT jumped by 28.39 per cent to Rs 126.70 crore from Rs 98.68 crore QoQ. Net revenue for the quarter ended March 31, 2022, stood at Rs 2415.08 crore which was up by 10.71 per cent on QoQ. However, on YoY basis revenue, a PAT and margins has contracted 11 per cent and 111 bps, respectively. The shares of Minda Industries hit intraday high and low at Rs 915 and Rs 858.40, respectively and closed at Rs 891.70.
Deepak Fertilizers witnessed a rally of 5 per cent in today’s session and closed at Rs 595.75 on the back of strong Q4 results .Net revenue for the quarter ended March 31, 2022, stood at Rs 2012.48 crore which was up by 27.77 per cent on YoY basis. PAT in Q4 stood at Rs 282.91 crore from Rs 115.80 crore YoY, showing exponential growth of 1.44X.
Bayer CropScience posted Q4 results wherein, its net revenue from operations increased by 31.29 per cent YoY and came in at Rs 963.3 crore as against Rs 733.7 crore a year ago, however it declined by 2.71 per cent on a sequential basis. EBITDA grew exponentially by 142.68 per cent YoY to Rs 200.7 crore in Q4FY22 from Rs 82.7 crore a year ago. PAT stood at Rs 152.7 crore compared to Rs 61.9 crore a year ago growing 1.47X on YoY. The stock witnessed a gain of 4.13 per cent in today’s session and closed at Rs 4933 The stock logged its intraday high and low in today’s session at Rs 5078.55 and Rs 4915, respectively.