Tata Teleservices, Adani Green, TVS Motor and more — stocks that are bucking the weak market trend

Nov 23, 2021 By: Bhakti Makwana

Tata Teleservices (Maharashtra); ₹10,000 investment in this stock gave nearly ₹7,500 profit in one month

The Tata Group telecom services company stock surged 1,024 percent in 2021 and 74 percent in the last one month. Although the broadband, telecommunications and cloud service provider is a loss making company, its losses came down by 8 percent to ₹313 crore in the second quarter. Credit: BCCL

KPIT Technologies’ stock up 53 percent in last one month

The stock has been rallying ever since it reported strong earnings figures on November 2. Its net profit doubled to ₹65 crore in the second quarter on strong order inflows. Credit: BCCL

Asahi India Glass’ stock up 44 percent in one month

The glass manufacturing company’s stock has been rallying on improved demand outlook for the architectural glass in residential real-estate segment. Also, its net profit in the second quarter went up by 117 percent to ₹81 crore. Credit: BCCL

Tanla Platforms’ stock surged 41 percent in one month

Shares of the cloud communications service provider have been on an uptrend in the last one month on euphoria of strong second quarter results and investment from marquee investor Azim Premji. Credit: BCCL

Apollo Hospitals Enterprise stock spikes 31 percent in one month

Most of the rally in the healthcare major stock in the recent time is because of its over four-fold jump in second quarter net profit to ₹267 crore. The profit growth was mainly on account of strong revival in non-covid business. Credit: BCCL

Thermax rises 28 percent in one month

The energy and environment solutions company stock is on an uptick because of the announcement of its highest order booking in the last eight quarters. Moreover, net profit surged 181 percent on year to ₹87 crore in the second quarter. Credit: BCCL

Escorts’ stock up 20 percent in one month

The stock has picked up on expectation of an open offer after Kubota Corporation of Japan said to invest ₹1,872 crore in the firm and raise stake to 14.99 percent from 9.09 percent earlier. It is expected to buy more stake and end up owning 44 percent. Credit: BCCL

TVS Motor’s stock increases 19 percent in one month

The stock has been rising on two-wheeler maker’s plans to expand into electric vehicle (EV) space. Reports said the firm is in talks to raise $300-500 million for its EV subsidiary. Credit: BCCL

L&T Technology Services’ stock surges 19 percent in one month

The stock has been rising after the company was chosen by NVIDIA and Mavenir as its engineering partner to accelerate the adoption of the industry’s first converged AI-on-5G platform. Credit: BCCL

Adani Green Energy stock goes up 17 percent in one month

Recently, the renewable energy company clocked robust growth in sale of energy backed by capacity addition of 2,610 megawatts and improved capacity utilisation from its solar and wind power units Credit: BCCL