Best momentum stocks from 3 to 7 March 2025

March 3 and March 7, 2025, several stocks exhibited notable momentum, capturing the attention of investors and analysts alike. Among these, Union Bank, UCO Bank, Marico, and Alembic Pharmaceuticals stood out due to their significant price movements and underlying developments. This article delves into the performance of these stocks during the specified period, analyzing the factors that contributed to their momentum.

Union Bank

Union Bank, a prominent public sector bank in India, experienced a notable surge in its stock price during the week of March 3 to March 7, 2025. The bank's shares opened at rs58.50 on March 3 and closed at rs62.75 on March 7, marking a gain of approximately 7.27% over the week.

Several factors contributed to this upward momentum:

1. Strong Financial Performance: Union Bank reported robust quarterly results for the period ending December 2024, with a year-on-year increase in net profit by 22%. This growth was primarily driven by higher net interest income and improved asset quality.
2. Asset Quality Improvement: The bank's gross non-performing assets (NPA) ratio declined from 7.5% to 6.8%, indicating better credit management and recovery processes.
3. Government Initiatives: The Indian government's continued support for public sector banks, including capital infusion and policy reforms, bolstered investor confidence in Union Bank.

UCO Bank

UCO Bank's stock demonstrated significant momentum during the specified week. The shares opened at rs56.50 on March 3 and reached rs60.00 by March 7, reflecting a weekly gain of approximately 6.19%.

Key factors influencing this performance included:

1. Positive Business Update: UCO Bank reported a 12.18% increase in total business during the October-December 2024 quarter, reaching rs 4.88 lakh crore. This growth was supported by a 16.20% rise in total loans and a 9.37% increase in deposits.
2. Improved Credit-Deposit Ratio: The bank's credit-deposit (CD) ratio improved to 74.55% from 69.93% in the previous year, indicating more efficient asset utilization.
3. Market Sentiment: Positive market sentiment towards public sector banks, partly due to government initiatives and improved financial metrics, contributed to the stock's upward movement.

Marico

Marico, a leading consumer goods company specializing in health, beauty, and wellness products, experienced moderate momentum during the week. The stock opened at rs495.00 on March 3 and closed at rs510.00 on March 7, marking a gain of approximately 3.03%.

Factors contributing to this performance included:

1. Product Innovation: Marico launched new variants in its flagship brands, catering to evolving consumer preferences, which was well-received in the market.
2. Rural Market Penetration: The company's strategic focus on expanding its rural distribution network led to increased sales volumes.
3. Cost Management: Effective cost-control measures and supply chain efficiencies improved operating margins, positively impacting investor sentiment.

Alembic Pharmaceuticals

Alembic Pharmaceuticals, a renowned player in the pharmaceutical industry, saw its stock exhibit notable momentum during the week. The shares opened at rs920.00 on March 3 and closed at rs960.00 on March 7, reflecting a gain of approximately 4.35%.

Key drivers of this performance were:

1. Regulatory Approvals: The company received approval from the U.S. Food and Drug Administration (FDA) for a new generic drug, opening up additional revenue streams.
2. Strong Quarterly Results: Alembic reported a 15% year-on-year increase in net profit for the quarter ending December 2024, driven by robust domestic and international sales.
3. R&D Investments: Continued investment in research and development led to a strong product pipeline, enhancing future growth prospects.

Conclusion

During the week of March 3 to March 7, 2025, Union Bank, UCO Bank, Marico, and Alembic Pharmaceuticals exhibited significant momentum, driven by a combination of strong financial performances, strategic initiatives, and positive market sentiments. Investors closely monitoring these developments were rewarded with notable gains, underscoring the importance of staying informed about company-specific and industry-wide factors influencing stock performance.

 

S.No	Stock Name	Price For	Price	current
1	Union Bank	buy	₹ 108	₹ 114
2	UCO BANK	buy	₹ 34	₹ 36.3
3	MARICO	buy	₹ 589	₹ 580
4	Alembic Phrama	buy	₹ 730	₹ 810