Stocks To Watch: Sharp Intraday Gain Upto 12%, High Longterm Return: Strong Results

Both Nifty and Sensex are marginally bullish today. Nifty quoted at 16,689.05 points, gaining by 0.50%, till 12.32 pm. These 2 below-mentioned stocks are sharply green today, check the details.

Stock to Buy: Gujarat State Fertilizers & Chemicals Ltd.

The current market price of Gujarat State Fertilizers & Chemicals Ltd. stood at Rs. 160.55/share on NSE, gaining by 12.47%, till last traded. In the last 5 days, the share price of this company has gained by 14.35% on NSE, and in the last 1 month, its share price has surged by 17.36%. In the past 6 months, its stock price has hiked by 31.87%. The 52-week high level of this stock is Rs. 198.80, and the 52-week low level of this stock is Rs. 98.10. It is a mid-cap stock with a market capitalization of Rs. 6,445 crore.

Gujarat State Fertilizers has reported a strong financial result. In Q4, FY22, the company's standalone net profit increased by 108.24% YoY to Rs. 643.26 crore, and net sales increased by 59.93% YoY to Rs. 2771.71 crore. Additionally, in Q1FY23, its with consolidated net profit more-than-doubled at Rs. 345.81 crore, which was supported by a healthy operational income. Hence, its share price is sharply increasing now.

Stock to Buy: Aspinwall & Co Ltd.

The current market price of Aspinwall & Co Ltd. stood at Rs. 242.20 /share on NSE, gaining by 12.73%, till last traded. In the last 5 days, the share price of this company has gained by 39.68% on NSE, and in the last 1 month, its share price has surged by 53.88%. In the past 6 months, its stock price has hiked by 27.78%. The 52-week high level of this stock is Rs. 268.30, and the 52-week low level of this stock is Rs. 135. It is a small cap stock with a market capitalization of Rs. 189 crore.

"We can see that in the last three years Aspinwall grew its EPS by 15% per year. That's a pretty good rate if the company can sustain it," simplywall.st commented on this stock.

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, and the author are not liable for any losses caused as a result of decisions based on the article.