These three stocks created a new 52-week high today, July 11, 2023

After achieving a significant milestone by reaching the 19,500 mark, the broader Nifty50 index encountered a hurdle. On July 6, the Nifty50 index achieved a new all-time high of 19,512.20. However, on the subsequent day, it surpassed that record and reached an even higher level of 19,523.60. Since then, the Nifty50 has been trading within a range, with the upper side at 19,500 and the lower side at 19,300. 

Today, it opened at 19,427.10, up by 71.2 points, and concluded the session in positive territory at 19,439.90, marking a gain of 83.50 points. Meanwhile, the Sensex surged by 273.67 points and closed the day at 65,617.84.

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

Premier Explosives Limited is primarily engaged in the manufacture of high-energy materials and allied products for the defence, space, mining, and infrastructure industries. It is focused on developing and manufacturing solid propellants for rockets and strap-on motors for satellite launch vehicles.

Today, the shares of the company zoomed by 19.99% and concluded the session at Rs 591 on NSE.

The market cap of the company is Rs 633.04 Crore. The company’s revenue grew by 1.46% in FY23 from Rs 199 Crore to Rs 202 Crore. Company’s Operating Profit is Rs 26 Crore with an operating profit margin of 13%. In FY23 company’s net profit was Rs 7 Crore.  Its ROCE and ROE are 6.6% and 3.5%.  

The stock has generated a remarkable return of 93.4% in the past year. Promoter holding in the company is 41.33% whereas FIIs and DIIs hold 0.17% and 3.42%, respectively.

The below chart depicts the share price movement of the company.

Rossell India Limited is engaged in the management and operations of its business related to the aerospace and airline industry and in connection, therewith, also provides certain services and activities to support the ongoing functions and requirements of other businesses operating in such industries. The Company has two divisions: Rossell Tea and Rossell Techsys. The Rossell Tea division is engaged in the cultivation, manufacture and selling of bulk tea 

Today, the shares of the company zoomed by 11.8% and concluded the session at Rs 406 on NSE. 

The market cap of the company is Rs 1525.39 Crore. The company’s revenue surged by 18.24% in FY23 from Rs 299 Crore to Rs 354 Crore. Company’s Operating Profit is Rs 53 Crore with an operating profit margin of 15%. In the last financial year company’s net profit was Rs 27 Crore. Its ROCE and ROE are 10.1% and 10.3%.  

The stock has generated a magnificent return of 124.87% in the past year. Promoter holding in the company is 74.80% whereas FIIs and DIIs hold 1.49% and 2.57%, respectively.

The below chart depicts the share price movement of the company.

Kewal Kiran Clothing Limited is engaged in the manufacturing, marketing, and retailing of readymade garments and accessories. The company deals in various categories, including apparel, footwear, and accessories with a portfolio of its own brand. The company’s brand includes Killer, Lawman PG3, Integriti, K-Lounge, and Easies. 

Today, the shares of the company zoomed by 10.34% and concluded the session at Rs 634 on NSE.

The market cap of the company is Rs 3894.71 Crore. The company’s revenue significantly surged by 28.28% in FY23 from Rs 608 Crore to Rs 779 Crore. Company’s Operating Profit is Rs 152 Crore with an operating profit margin of 19%. In the last financial year company’s net profit was Rs 119 Crore. Its ROCE and ROE are 27.9% and 23.3%.  

The stock has generated a return of 98% in the past year. Promoter holding in the company is 74.26% whereas FIIs and DIIs hold 2.44% and 5.95%, respectively.

The below chart depicts the share price movement of the company.

Disclaimer: This blog is exclusively for educational purposes. The securities quoted are exemplary and are not recommendatory.