Company profits play a vital role in stock selection. A turnaround is the financial recovery of a poorly performing company. Turnarounds are important as they mark a period of improvement while bringing stability to an entity’s future.ETMarkets analysis companies that turned profitable in the recent quarter (September 2022) as compared to their sequential quarter wherein they posted losses. From the BSE universe, 44 companies with a market cap of over Rs 500 crore have met the above criteria. The companies whose net sales were below Rs 100 crore have been excluded (Data Source: ACE Equity). We further filtered in terms of price performance and found seven stocks from the list that have gained over 30% in the last three months and most of them look strong on SWOT Analysis. Take a look at the key strong points of these stocks on SWOT analysis, according to Trendlyne.com.
Tata Sons boardroom battle intensifies but Tata Group stocks remain unbothered. Should you buy?
Tata Sons has rejected Noel Tata’s objections to N Chandrasekaran’s reappointment, saying the board’s decision was valid and made in accordance with the company’s Articles