Thermax: This heavy engineering company’s stock touched a new 52-week high after it posted a near tripling of its Q2FY22 net profit YoY to Rs 88 crore. This rise was exacerbated by an exceptional charge in Q2FY21 in its German subsidiary. The company’s revenues grew at 29% to Rs 1,469 crore as its energy and environment segments saw robust uptick in revenues. This company’s order book looks healthy at Rs 6,516 crore, which is 26% higher than the previous year. Its shares were therefore the highest gainers on Thursday.

HCL Technologies: This IT services company’s stock got the highest number of target price upgrades over the past month by brokerages. Brokerages seem positive on this stock despite weakness in its Q2FY22 performance. This company is one of the IT services companies currently trading lower than its average target price. Analysts seem enthusiastic about the prospects of this company despite the management cutting its revenue growth guidance for its product and platforms vertical to flat on in FY22. The company said there were some delays in signing deals in the vertical and claims the business will merely be pushed forward a quarter and said there is no loss of business. 

TVS Motor: This two- and three-wheeler maker’s stock was on a tear over the past few trading sessions on news that it would raise funds for its electric vehicle unit. The company denied these reports  which led the stock to give up some minor gains. However, the movement of this stock over the past week or so made it the most overbought stock among the Nifty 500 companies based on technical indicators like RSI and MFI.

Britannia: This company’s trying to battle rising input costs but is struggling to maintain its profit margins. In Q2FY22, its net profit fell 23% YoY to Rs 384 crore. A fall in profit margins is a direct result of the rise in input prices. The company hiked prices by 33.3% and reduced product grammage by 66.66% to help shore up its margins. This will only begin to show results in the coming quarters. The price hike helped the company post marginally higher revenues of Rs 3,607 crore, up 6% YoY. The company cut promotional expenses to improve its profitability. Brokerages believe that price hikes will help in improving profitability and combating input price inflation.

KPIT Infotech: This IT consulting firm’s stock is the highest gainer among the Nifty 500 companies. This comes on the back of a 8% rise in the company’s Q2FY22 net profit to Rs 65.1 crore on the back of a 21.7% rise in revenues to Rs 590.9 crore. The company’s stock didn’t immediately react after its results were announced on the first day of the month, but after the last few trading sessions, it is currently trading above all its simple moving averages.