35 mid & smallcaps that doubled profit in Q1 could be among your top bets now
Arun Thukral, MD & CEO at Axis Securities, said he had expected slightly better numbers for June quarter.June quarter earnings season has ended on a mixed note with select companies from FMCG, paints and corporate banking space delivering better-than-expected numbers, even as those from auto and auto ancillaries and mid-tier IT firms failed to impress Dalal Street. As many as 20 companies in the 30-share Sensex reported an increase in net profit for the quarter, while others posted a dip in bottom lines. Nearly 2,500 of the BSE-listed firms have announced June quarter numbers so far, out of which only 35 midcap and smallcap companies with at least Rs 30 crore profit reported over 100 per cent year-on-year (YoY) expansion in their bottom lines. Some of them did so on the back of except ...