Top 20 stocks turned losses into profit in Q1
updated on 11 Aug 2016
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The declaration of June quarter (Q1) is in process but more than 20 companies reported profit or tuned black compared with the losses they had reported for the year-ago period.

In the largecap space (market-cap above Rs 1,000 crore),
companies that reported profits include names like Crompton Greaves Consumer, Forbes & Company, GNFC, IDFC Bank, Nestle India, Praj Industries, Ramco Systems and Welspun Corp.

However, some companies such as GNFC and Kingfa Science more than doubled investor wealth in the last one year.

Most of the largecap stocks mentioned are fundamentally sound and have strong future potential; such as IDFC Bank, Nestle and GNFC

In the midcap space that includes companies with a market-cap of over Rs 250 crore but less than Rs 1,000 crore,
13 companies turned black during the June quarter after reporting losses for a year-ago period. They include Alphageo, BL Kashyap, Jay Shree Tea, PNB Glitz and Premier Explosives.

Companies like Ugar Sugar, Dwarikesh Sugar and Alphageo more than doubled investor wealth in the last one year.

The goods & services tax (GST) might not have a direct impact on all the companies mentioned, but will certainly have an impact on sectors such as sugar, auto ancillaries, consumer goods, logistics and electrical appliances.