Two of these three big mid-day movers hit a 52-week high!

Despite large selling in the market, Bank of Baroda and GNFC have hit a 52-week high in today’s trade with a fundamental reason behind it.

In the afternoon deals, Sensex was trading down by 1.12 per cent. Despite a large selling in the market, Bank of Baroda, GNFC, Affle has gained good momentum today with a fundamental reason behind it. The snapshot of it is discussed below. 

Bank of Baroda has hit 52-week today to Rs 117.25    

This mid to large size PSU bank has posted strong Q3FY22 results on Saturday. They had a decent top line with triple-digit bottom-line growth. Net interest income is up 14.38 per cent YoY at Rs 8,552 crore, Net profit is up by 107 per cent YoY at Rs 2,197 crore. BOB has zoomed more than 7 per cent today. 

Gujarat Narmada Valley Fertilizers and Chemicals jumped 12 per cent  

This state-owned fertilizer and chemicals manufacturing company had a strong show with Q3FY22 results released on Friday post-market hours. Revenue is up 57.82 per cent YoY at Rs 2,380 crore, Net profit is up by 124 per cent YoY at Rs 538 crore. This made the shares of the company hit a 52-week today to Rs 524.30 

Affle zooms 6 per cent  

The mobile advertising company had a positive financial performance with Q3FY22 results released on Saturday. Revenue is up 125.5 per cent YoY at Rs 339 crore, net profit is up by 96 per cent YoY at Rs 62 crore.