The profit firecrackers of the stock market
The pandemic has hit the whole economy and pushed the market into a deep maelstrom of fluctuations. The dilemma of recovery is still to unfold and the economic rally has been established on the pile of sands.
In spite of these negative and pessimistic environment in the market some companies has recorded an outstanding performance. The pandemic came with blessings of higher profit for some of these companies. Here, I will tell you about some companies that have recorded a high level of profit during the lockdown.
The profit of the Britannia industries ltd. in first quarter of the year 2020 has increased by 117%, while the revenue has increased by 27%. The financial trend score of the company has increased to 18 from 4 in the last 90 days.
The company is an IT based services provider and listed in national stock exchange (NSE). The company has outperformed its peer companies by more than double in the first quarter of the year 2020. The company has price to earnings ratio of 22.11 below from the sect oral index.
The avenue supermarts limited (DMart) has reported a profit of 87.76% for the first quarter of the year 2020. The company is retail based company and listed in national stock exchange.
The bank has reported a jump in its profit by 45% due to upward movement of nearly 168% in bond trading. The investment banking section of the Morgan Stanley has also recorded a jump of 39% in its profit.