Domestic equity market benchmarks BSE Sensex and NSE Nifty 50 extended their winning streak to the fourth consecutive day on Tuesday. The BSE Sensex jumped 456 points or 0.8 per cent to end at 60571, while NSE Nifty 50 crossed the 18,000 mark after 4 months and ended at 18070.
With the bullish sentiment in the market here are the top 5 nifty stocks that have gained more than 10% on Tuesday:
The shares of KRBL Ltd opened at Rs 323 and zoomed by approximately 13 per cent during the day to reach its new 52-week high of Rs 372.55 during the day. The scrip closed at Rs 361.90 on Tuesday. In a month the stock has gained more than 32 per cent and so far this year it has scaled by 48 per cent YTD.
In Q1FY23, the company earned a total revenue of Rs 1228 crores up from Rs 1015 crores which they earned in the same period a year ago. Their net profit stood at Rs 164 crores as compared to Rs 140 crores in Q1FY222.
KRBL Limited is an Indian rice processing and exporting company, and the world’s largest rice miller. The company is best known for its brand- India Gate basmati rice.
The shares of Vakrangee Limited opened at Rs 41.15 and inched by more than 12 per cent during the day to close at Rs 45.25 on Tuesday. In the last five days, the stock has jumped by more than 36 per cent and in the span of a month, the stock has jumped by more than 61 per cent.
In Q1FY23, the company reported a revenue of Rs 226 crores as against Rs 154 crores which they earned in the same quarter a year earlier. Their net profit in the period stood at Rs 4 Crores which is a decline from Rs 23 crores in Q1FY22.
Vakrangee Limited is a small cap technology-driven company that offers an extensive array of services across various sectors by providing BFSI, ATM, E-Commerce & Logistics Services.
PB Fintech Limited
The shares of PB Fintech Limited opened at Rs 509 and zoomed by approximately 12 per cent during the day to close at Rs 563 on Tuesday. On a year-to-date (YTD) basis, the stock has shed approximately 40 per cent.
In Q1FY23, the company earned a total revenue of Rs 28 crores up from Rs 22 crores which they earned in the same period a year ago. Their net loss however widened to Rs 58 crores in the quarter under review from Rs 39 crores which they incurred in the year prior.
PB Fintech Ltd, popularly known as Policy Bazar is India’s largest online platform for insurance and lending products.
Tata Investment Corporation Limited
The shares of the company opened at Rs 1,978 and zoomed by more than 13 per cent during the day to reach an all-time high of Rs 2,255. The scrip closed at Rs 2,215 on Tuesday. In the last five days, the stock has gained more than 23 per cent. So far this year, they have gained more than 56 per cent YTD.
In Q1FY23, the company earned a total revenue of Rs 101 crores up from Rs 61 crores which it earned in the same period a year prior. Their net profit stood at Rs 83 crores which increased from Rs 52 crores in Q1FY22.
Tata Investment Corporation Ltd is a non-banking financial company which is primarily engaged in the business of investment in listed and unlisted equity shares, debt instruments and mutual funds etc.
Allcargo Logistics Limited
The shares of the company opened at Rs 380 and zoomed by almost 10 per cent during the day to reach an all-time high of Rs 417.65. The scrip closed at Rs 416.50 on Tuesday. In the last five days, the scrip has gained almost 25 per cent and in the span of a month, the stock has gained 36 per cent.
In Q1FY23, the company reported a revenue of Rs 5,674 crores as against Rs 3,449 crores which they earned in the same quarter a year earlier. Their net profit in the period stood at Rs 259 Crores which increased from Rs 97 crores in Q1FY22.
Allcargo Logistics is a leading multinational Company engaged in providing integrated logistics solutions across multimodal transport operations, and project and engineering solutions.
Written by Anoushka Roy
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