These three stocks created a new 52-week high today, July 26, 2023

The broader indices Nifty50 concluded the day at 19,778.30, up 97.70 points which is 0.5% from the previous day’s closing levels of 19680.60. The S&P BSE Sensex index closed at 66,707.20, 351.49 points up or 0.53% up from the previous day’s closing levels.

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 September 2022.

Jain Irrigation Systems Limited offers comprehensive solutions in the fields of agriculture, piping, and infrastructure. Their diverse range of products includes Micro Irrigation Systems, PVC Pipes, HDPE Pipes, Plastic Sheets, Argo Processed Products, Renewable Energy Solutions, Tissue Culture Plants, Financial Services, and other agricultural inputs. Through these offerings, the company aims to address various needs in the agricultural and infrastructure sectors.

Today, the shares of the company zoomed by 19.87% and concluded the session at Rs 26.85 on NSE.

The market cap of the company is Rs 2865 Crore. The company’s revenue declined by 18.80% in FY23 from Rs 7078 Crore to Rs 5748 Crore. Company’s Operating Profit is Rs 616 Crore with an operating profit margin of 11%. In FY23 company’s net profit was Rs 832 Crore.  Its ROCE is 4.04%.

The stock has generated a remarkable return of 30% in the three months in the last three years it has generated a multibagger of 326%. Promoter holding in the company is 27.45% whereas FIIs and DIIs hold 4.15% and 9.87%, respectively.

Motilal Oswal Financial Services Limited is an India-based financial services company. The company’s offerings include capital markets businesses, including retail broking, institutional broking, and investment banking; asset and wealth management, including asset management, private equity, and wealth management; and housing finance and equity-based treasury investments.

Today, the shares of the company zoomed by 6.98% and concluded the session at Rs 837 on NSE.

The market cap of the company is Rs 12,383 Crore. The company’s revenue declined by 2.80% in FY23 from Rs 4298 Crore to Rs 4178 Crore. Company’s Operating Profit is Rs 1877 Crore with an operating profit margin of 45%. In the last financial year company’s net profit was Rs 935 Crore. Its ROCE and ROE are 13% and 15.6%. 

The stock has generated a remarkable return of 38% in the last three months. Promoter holding in the company is 69.66%, whereas FIIs and DIIs hold 6.41% and 6.11%, respectively.

Remsons Industries Limited established in 1971, specializes in manufacturing auto components, including auto control cables, flexible shafts, gear shift systems, push-pull cables, and parking brake mechanisms. The company has a significant export presence, with major markets including the UK, Europe, North America, Brazil, Mexico, and SAARC countries.

Today, the shares of the company zoomed by 12.62% and concluded the session at Rs 299 on NSE.

The market cap of the company is Rs 170 Crore. The company’s revenue significantly surged by 18.22% in FY23 from Rs 223 Crore to Rs 264 Crore. Company’s Operating Profit is Rs 20 Crore with an operating profit margin of 8%. In the last financial year company’s net profit was Rs 8 Crore. Its ROCE and ROE are 15.2% and 20.3%. 

The stock has generated a return of 353% in the last three years. Promoter holding in the company is 75% whereas public holding is 25%.

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.