These 3 stocks hit a 52-week high today, August 17, 2023

Today, the broader indices, such as Nifty50 and BSE Sensex, concluded the day in the red. The Nifty50 index opened the day at 19,450.55, nearly unchanged from the previous day’s closing level of 19,465. It eventually concluded the day at 19365, marking a decrease of 99.75 from the previous closing levels. Meanwhile, the BSE Sensex closed at 65,151, down by 388 points from the previous day’s closing level.

In this article, we will explore the stocks that have reached new 52-week highs, taking into consideration the company’s previous 52-week prices recorded in the year 2022.

 Latent View Analytics Limited provides analytics services, including data and analytics consulting, business analytics and insights, advanced predictive analytics, data engineering, and digital solutions.

Today, the company’s shares surged by 7.4%, concluding the session at Rs 433.8 on NSE. The company’s market capitalization stands at Rs 8,876 crore.

During Q1 FY24, the company’s revenue experienced growth of 23%, rising from Rs 120 Crore to Rs 148 Crore. The company achieved an Operating Profit of Rs 28 Crore, with an operating profit margin of 19%. The net profit amounted to Rs 33 Crore. The company’s ROCE and ROE are notably low at 16.7% and 13.8%, respectively. Notably, the stock has generated a return of 34% over the past three months.

BF Utilities Limited was incorporated in the year 2000. Engaged in electricity generation through windmills and infrastructure activities.

Today, the company’s shares surged by 20%, culminating in the session at Rs 572 on NSE. The company currently boasts a market capitalization of Rs 2,154 Crore.

In Q1 FY24, the company’s revenue experienced growth of 36%, increasing from Rs 194 Crore to Rs 264 Crore. The company achieved an Operating Profit of Rs 129 Crore, maintaining an operating profit margin of 49%. During FY23, the net profit for the company amounted to Rs 61 Crore. Impressively, the stock has yielded a return of 68% over the past three months.

DB Realty Limited was incorporated in 2007 and is primarily engaged in real estate construction business, development, and other related activities.

Today, the company’s shares surged by 12%, concluding the session at Rs 135 on NSE. The market capitalization of the company currently stands at Rs 4,734 Crore.

The company witnessed a revenue decline of 65% in Q1 FY24, from Rs 7 crore to Rs 2 crore. The company reported an operating loss of Rs 9 crore and a net loss of Rs 26 crore. Over the past three months, the stock has generated an impressive return of 69%.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.