Top 10 Stocks Profit More Than Doubled & Gave Up to 300% Return in 1 year

If you report results which surpass analyst expectations of on continuous basis rest assured that D-Street will reward you. The March quarter results for India Inc. did not disappoint D-Street much, in fact in some cases it was better than expectations.
India Inc. reported steady progress in revenue and net profit growth for the quarter ended March 31. A sample of top ten companies whose net profit more than doubled on a year-on-year (YoY) basis for the quarter ended March 2017 outperformed benchmark index returns.
The companies which saw its profit doubling in the last one year gave return up to 313 percent in the last one year which include names like Escorts, MOSL, Capline, Sundaram Fasteners, GNFC, Sunteck Realty, Dewan Hosuing etc. among others.

 
Almost 43 companies saw their profit doubling for the quarter ended March 31 compared to corresponding quarter of last fiscal. Investors have not missed the opportunity in spotting these multibagger bets.
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Nifty to open 22 points

nifty-technical-analysis1The Indian benchmark Index Nifty made a record high of 9709 on Tuesday. The Index opened at 9704 and closed at 9637.

 

Bank Nifty also made a record high of 23536 in the last trading session and closed at 23416. RBI is to announce its monetary today at 2:30 pm and media interaction will start from 2:45 pm and will end at 3:05 pm.Small Cap opened at 7363 and made a high of 7379 and closed at 7293.Nifty to open gap up by 22 points at 9688 against yesterday’s close of 9666 as per SGX Nifty.

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Rupee falls further, opens 7 paise lower at 64.49/$

rupee-1The Indian rupee extended losses on Wendesday. It opened at 64.49 against the US dollar, down 7 paise compared with Tuesday’s closing level of 64.42 a dollar.

 

Pramit Brahmbhatt of Veracity said in the absence of any directional clarity, the spot USD-INR pair will trade in a tight range of 64.20 to 64.50 today.

 

Meanwhile, the dollar wallowed near a six-week low against the safe-haven yen, with traders cautious ahead of Britain’s general election, a European Central Bank policy decision and testimony by former FBI Director James Comey.

 

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