GNFC reported a 124 per cent YoY rise in December quarter profit at Rs 538 crore from Rs 240 crore in the year-ago quarter, data compiled by corporate database AceEquity suggests. This scrip is up 72 per cent so far in 2022.
Even as banking stocks have seen a decent correction this year, shares of Bank of Baroda have climbed 32 per cent year-to-date. This PSU lender reported a 111 per cent YoY rise in profit at Rs 2,448 crore from Rs 1,159 crore YoY. A median price target of Rs 129.57 of 30 analysts on the scrip suggests 20 per cent potential upside.
ONGC saw 222 per cent surge in profit at Rs 10,936 crore from Rs 3,386 crore YoY. The scip has risen 19 per cent this year. The median target of 27 analysts suggests 22 per cent upside in the stock.
Tata Steel shares have jumped 17 per cent this year. The steelmaker reported 140 per cent YoY rise in profit at Rs 9,415.88 crore from Rs 3,922.56 crore in the year-ago quarter. Median targets of 31 analysts suggest a 27 per cent potential upside.
GAIL (India), Nalco and Canara Bank remained a few other stocks which have performed well this year and reported doubling of profits in the third quarter. 32 analysts have a median projection of Rs 191.78 on GAIL, suggesting a 27 per cent potential upside.
Axis Bank rose 9 per cent. The private lender’s median target Rs 943.51 suggests 27 per cent upside.
Bharat Electronics remained flat against Sensex’s 2 per cent fall during the period. The median target of this stock suggests 12 per cent upside.
Meanwhile, Info Edge (India), Dr Reddy’s Laboratories, Indus Towers and Aarti Industries are four stocks that have fallen 11-17 per cent this year. Info Edge’s target suggests 18 per cent potential upside, Dr Reddy’s target suggests 29 per cent upside and Aarti Industries’ target suggest 18 per cent upside. Indus Towers’ target suggests 35 per cent upside.
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