These 5 stocks created a new 52-week high on the NSE today; do you own any?

The stocks crossing a 52-week high indicates positive market sentiment and a vote of confidence in the company’s performance. It can signal potential price momentum and attract more investors, increasing demand and pushing the stock’s price higher. Psychologically, it generates excitement and attention among traders and investors. Crossing this level can also be seen as a breakout signal for technical traders. Analysts often pay attention to stocks crossing their 52-week high, leading to increased coverage and investor confidence.

Following are the companies that crossed the 52-week high and registered a new milestone today.

NCL Industries Ltd is principally engaged in the business of manufacturing and selling Cement, Ready Mix Concrete, Cement Bonded Particle Boards, and Doors, and operates two Small Hydro Power projects.

The stock has generated a return of 19% in the past year. The market cap of the company is Rs 919 Crore. The company’s revenue declined by 1.45% in FY23 from Rs 1633 Crore to Rs 1610 Crore with an Operating Profit of Rs 148 Crore.  Its ROCE and ROE are 10.6% and 5.86%. 

Jay Bharat Maruti Ltd founded in 1983, in collaboration with Maruti Suzuki India Ltd (MSIL), is the leading manufacturer of key auto components and assemblies such as exhaust systems, fuel fillers (fuel pipe), and suspension parts for passenger cars.

The stock has generated a return of 64% in the past year. The market cap of the company is Rs 988 Crore. The stock closed in the upper circuit today. Company’s revenue up by 12% in FY23 from Rs 2080 Crore to Rs 2344 Crore with an Operating Profit of Rs 173 Crore.  Its ROCE and ROE are 11.2% and 7.62%.

FDC Ltd stands for Fairdeal Corporation Ltd, found in 1936 is among India’s leading fully integrated pharmaceutical companies. The Company is a pioneer in the manufacture of specialised formulations and among the world’s foremost manufacturers and marketers of Oral Rehydration Salts (ORS).

The stock has generated a return of 25% in the past year. The market cap of the company is Rs 5021 Crore. Its revenue is up by 17% in FY23 from Rs 1525 Crore to Rs 1784 Crore with an Operating Profit of Rs 251 Crore. The ROCE and ROE are 13.1% and 9.84%. 

Garden Reach Shipbuilders & Engineers Ltd is a premier shipbuilding company in India under the administrative control of the Ministry of Defence, primarily catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. It is a diversified, profit-making and the first Shipyard in the country to export warships and deliver 100 warships to the Indian Navy and Indian Coast Guard.

The stock has generated a return of 137% in the past year. The market cap of the company is Rs 6467 Crore. Company’s revenue up by 46% in FY23 from Rs 1758 Crore to Rs 2561 Crore with an Operating Profit of Rs 228 Crore. Its ROCE and ROE are 20.8% and 17.1%.

Max India Ltd is the holding company of Max Group’s Senior Care business Antara, an integrated service provider for all senior care needs It was formed in June 2020 after Max India – the erstwhile arm of the Max Group – merged its healthcare assets into Max Healthcare and demerged its senior care and other allied businesses.

The stock has generated a return of 70% in the past year. The market cap of the company is Rs 513 Crore. The company’s revenue declined by 13% in FY23 from Rs 230 Crore to Rs 201 Crore with an Operating loss of Rs 1 Crore.