These three stocks created a new 52-week high today, July 28, 2023

The broader indices Nifty50 concluded the day at 19646.05, down by 13.85 points which is 0.07% from the previous day’s closing levels of 19563.10. The S&P BSE Sensex index closed at 66160.20, 106.62 points down or 0.16% 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 the year 2022. 

Intellect Design Arena Limited works globally in the fields of financial technology for banking, insurance, and other financial services. It has a portfolio of products across global consumer banking, central banking risk, and treasury management and is also engaged in the business of software development.

Today, the shares of the company zoomed by 19.99% and concluded the session at Rs 692.60 on NSE. The market cap of the company is Rs 9423 Crore. The company posted its June quarter result yesterday. The company’s revenue grew by 18.12% in Q1 FY24 from Rs 541 Crore to Rs 639 Crore. Company’s Operating Profit is Rs 148 Crore with an operating profit margin of 23%. In FY23 company’s net profit was Rs 94 Crore.  Its ROCE and ROE is 18.9% and 13.8%, respectively.

The stock has generated a remarkable return of 55% in the three months and in the last three years, it has generated a multibagger of 361%. Promoter holding in the company is 30.50% whereas FIIs and DIIs hold 23.03% and 4.91%, respectively.

Jagsonpal Pharmaceuticals Limited is primarily engaged in the manufacturing and trading of pharmaceutical products and APIs. It operated in India and catered to both domestic and international markets. 

Today, the shares of the company zoomed by 20% and concluded the session at Rs 452 on NSE. The market cap of the company is Rs 1184 Crore. The company’s revenue surged by 4.69% in FY23 from Rs 226 Crore to Rs 237 Crore. Company’s Operating Profit is Rs 34 Crore with an operating profit margin of 14%. In the last financial year company’s net profit was Rs 27 Crore. Its ROCE and ROE are 26.2% and 20.3% respectively.

The stock has generated a remarkable return of 32% in the last three months whereas, in the last three years, it has generated a multibagger return of 1119%. Promoter holding in the company is 68.72%, whereas FIIs and DIIs hold 0.37% and 0.82%, respectively.

Gulf Oil Lubricants India Limited is engaged in the business of manufacturing, marketing, and trading automotive and non-automotive lubricants.

Today, the shares of the company zoomed by 5.6% and concluded the session at Rs 519 on NSE. The market cap of the company is Rs 2546 Crore. The company’s revenue significantly surged by 36.84% in FY23 from Rs 2192 Crore to Rs 2999 Crore. Company’s Operating Profit is Rs 343 Crore with an operating profit margin of 11%. In the last financial year company’s net profit was Rs 232 Crore. Its ROCE and ROE are 23.5% and 20.9%, respectively.  

The stock has generated a return of 27% in the last three months. Promoter holding in the company is 72%, whereas FIIs and DIIs hold 3.69% and 6.40%, respectively.

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.