Top companies with rising net profit and 10 per cent price surge in last three months

Markets have been falling for five days in a row. In this post, we will identify the best stocks with soaring net profit growth and over 10 per cent price rise in the previous three months.

Morgan Stanley has reduced its economic growth predictions for India for the next two fiscal years, citing a global slowdown, rising oil costs, and sluggish local demand. Gross Domestic Product (GDP) growth is expected to be 7.6 per cent in the fiscal year 2023 and 6.7 per cent in the fiscal year 2024. This is a reduction of 30 basis points (100 basis points equals one per cent) from the prior projections.

On Thursday, Asian markets slumped as rising US inflation figures increased the possibility of rapid monetary tightening. On May 11, 2022, Nifty 50 saw increased selling pressure. Although it recovered substantially from its intraday lows, it closed the day down 73 points, or 0.45 per cent, at 16,167.

Nifty 50 saw a massive gap-down start on Thursday and is currently trading below its critical support level of 15,850. As a result, in the short term, the levels of 15,700 to 15,500 will work as critical support, while the levels of 16,200 to 16,400 will act as critical resistance.

Here is a list of the top stocks with growing net profit growth and a surge in the price of over 10 per cent in the past three months.