While the last quarter of the financial year 2020 was expected to be a complete washout due to COVID-induced lockdown, the corporate results for the quarter were not as bad as thought to be. There were 5 companies from the BSE500 index that posted double-digit year-on-year growth in sales and profit numbers in FY20. Another positive factor about these companies was that their debt-to-equity ratio was zero, and their cash pile + bank balance was higher than the total debt. Out of these five, four stocks gained over 45 percent during the period August 25, 2019, to August 24, 2020. (Data Source: ACE Equity). Take a look:
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Astrazeneca Pharma India | The company's year-on-year sales and profit growth numbers for FY20 were 14.21% and 32.62%, respectively. In the past one year, the stock price rose 94 percent to Rs 3,380.10 as on August 24, 2020.
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Abbott India | The company's year-on-year sales and profit growth numbers for FY20 were 11.27% and 31.67%, respectively. In the past one year, the stock price rose 93 percent to Rs 16,965.00 as on August 24, 2020. (Image Reuters)
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Dr. Lal Pathlabs | The company's year-on-year sales and profit growth numbers for FY20 were 10.55% and 13.53%, respectively. In the past one year, the stock price rose 61 percent to Rs 1,845.10 as on August 24, 2020.
Whirlpool Of India | The company's year-on-year sales and profit growth numbers for FY20 were 11.02% and 17.01%, respectively. In the past one year, the stock price rose 46 percent to Rs 2,243.80 as on August 24, 2020.
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VST Industries | The company's year-on-year sales and profit growth numbers for FY20 were 12.77% and 34.05%, respectively. In the past one year, the stock price rose 2 percent to Rs 3,463.15 as on August 24, 2020.
