NEW DELHI: Six BSE500 companies managed to double both top and bottom lines on a yearly basis in the December quarter. These stocks, however, aren’t blanket buys as suggested by analyst targets.
Among these names, IRCTC logged a 167.39 per cent year-on-year (YoY) rise in net profit at Rs 208.81 crore on a 140.76 per cent jump in net sales at Rs 540.21 crore. Analysts said the numbers were ahead of their estimates, except for Ebitda margins. Expensive valuations, however, suggest downside potential ahead.
