Earnings Preview: Net profit of these Nifty50 stocks can rise over 100% in June quarter; take a look
Updated: 16 Jul 2022, 07:51 AM IST
TL;DR.Eight stocks from the benchmark Nifty50 are likely to post over 100 percent rise in their net profits in June quarter of FY23, according to domestic brokerage house Motilal Oswal. However, this surge in net profit in these firms can be attributed to the tepid base in the same quarter last year due to the pandemic. Three of the eight stocks are from the auto space which has witnessed demand recovery and improvement in semiconductor chip supply. For the Nifty50 companies, the brokerage predicts a 35 percent rise in sales, a 31 percent rise in net profit and a 19 percent rise in EBITDA. Let's take a look at the stocks that are likely to double their profit in Q1FY23:
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