7 stocks with solid quarterly performance, yet down 25% in recent slump

Written by

, ETMarkets.com|

Nov 21, 2024, 03:50:52 PM IST

1/8

Solid Performance

Indian equity market recently experienced a sharp decline, with many stocks facing weakness. For some investors, this correction presents a chance to buy shares that were once overpriced. However, it can be challenging to decide which stocks to invest in, especially in such a volatile market. Companies with strong financials tend to be safer choices. According to an analysis by ETMarkets, six stocks showed impressive double-digit growth in both sales and profits in the September quarter year-on-year. Despite this strong performance, these same stocks have dropped by over 25% since the beginning of October — a drop occurring in less than two months. (Data Source: ACE Equity)

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2/8

Colgate-Palmolive (India)

Since the beginning of October, the stock has declined by 28%, reaching Rs 2731. In the September quarter, the company reported sales of Rs 1619 crore, compared to Rs 1471 crore in the same quarter last year. Additionally, the profit for the current quarter was Rs 395 crore, up from Rs 340 crore YoY

Reuters

3/8

Inox Green Energy Services

The stock has fallen by 28% since the start of October, and is now trading at Rs 150. For the September quarter, the company posted sales of Rs 55 crore, compared to Rs 47 crore in the same period last year. Profit for the quarter was Rs 6 crore, up from Rs 3 crore YoY

Agencies

$Optiemus Infracom$

4/8

Optiemus Infracom

The stock has decreased by 27% since October, and is currently priced at Rs 597. In the September quarter, the company saw sales of Rs 477 crore, compared to Rs 274 crore in the same quarter last year. The profit for the quarter was Rs 14 crore, up from Rs 5 crore YoY

ETtech

5/8

Adani Green Energy

Since the start of October, the stock has dropped by 26%, and is now at Rs 1412. In the September quarter, the company recorded sales of Rs 3055 crore, up from Rs 2220 crore in the same period last year. The profit for the current quarter was Rs 515 crore, compared to Rs 371 crore YoY

Reuters

6/8

Dalmia Bharat Sugar And Industries

The stock has fallen by 26% since October, and is currently at Rs 403. In the September quarter, the company posted sales of Rs 926 crore, compared to Rs 732 crore last year. The profit for the quarter was Rs 66 crore, up from Rs 55 crore YoY

ETMarkets.com

7/8

Himadri Speciality Chemical

Since October, the stock has dropped by 26%, and is now at Rs 493. In the September quarter, the company reported sales of Rs 1137 crore, compared to Rs 1005 crore in the same quarter last year. The profit for the quarter was Rs 136 crore, up from Rs 101 crore YoY

Agencies

8/8

Venus Pipes & Tubes

The stock has decreased by 26% since the beginning of October, reaching Rs 1614. For the September quarter, the company reported sales of Rs 229 crore, compared to Rs 191 crore in the same period last year. The profit for the quarter was Rs 24 crore, up from Rs 20 crore YoY

iStock

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This article was originally published by Indiatimes.com. Read the original article here.