After posting impressive gains over the past month, the market has turned volatile. But some stocks posted impressive gains during this period as the Nifty 50 tried to capture the 18,000 level. Except  for one, most of these high-beta stocks posted double-digit gains.

Zomato has the highest beta value of 3.5 with its stock posting 16.8% gains. The major reason behind this is the company’s better than expected results in Q1FY23 and its losses nearly halving on a QoQ and YoY basis. 

Next highest beta stock is Tanla Platforms (at 1 month beta of 3.3). The stock has fallen almost 26% over the past month. The stock tanked 20% and hit a new 52-week low after it posted weak results in Q1FY23 with falling net profit on YoY and QoQ basis on July 25. 

Devyani International also makes the list, posting 12.2% gains over the past month. This stock  posted impressive gains after the company posted strong Q1 results, with its revenue almost doubling on a YoY basis.. The company posted a fourth straight quarter of profit. This upmove culminated in Temasek Holdings’ arm Dunearn International selling up to a  3% stake in the company on Tuesday, according to reports. This led the stock to fall 5.2% during Tuesday’s trade, while the broader market posted marginal gains.

Bharat Dynamics has the fourth highest one month beta of 2.9 among stocks with high volatility and it posted gains of 13.1% over the past month. Weak Q1FY23 results with approximately a 50% fall in revenue has caused the share price to fall.

Metro Brands is one of the highest gainers over the past month among high beta stocks (beta of 2.7). It posted nearly 43% gains over the past month . The stock continues to hit new all-time highs after it posted stellar Q1FY23 results. The company posted good growth and its revenue crossed Rs 500 crore for the first time ever, and logged quarterly profits of over Rs 100 crore for the second time ever. This led the stock to touch another new all-time high on August 16.