Several stocks reached their 52-week highs today, reflecting strong market performance and positive sentiment. Here’s a brief overview of some notable stocks:
Ajanta Pharma
– Price Movement: Ajanta Pharma’s stock rose by 2.76% to ₹2,600.60, hitting a 52-week high of ₹2,649.00.
– Financial Highlights: The company reported a profit increase of 18.1% for Q1 FY25, reaching ₹245.77 crore, with revenues up by 12.1% to ₹1,144.92 crore.
– Market Cap: ₹29,163 crore.
– 52-Week Range: ₹1,624.95 – ₹2,649.00.
– Additional Info: The company recently allotted 24,325 new equity shares, increasing its paid-up capital.
Torrent Power
– Price Movement: The stock surged 11.49% to ₹1,785.25, achieving a new high.
– Financial Highlights: Torrent Power reported a 23.3% increase in revenue for the quarter to ₹9,033.7 crore, with EBITDA up 57% to ₹1,857.9 crore.
– Market Cap: ₹70,809 crore.
– 52-Week Range: ₹621.50 – ₹1,789.00.
– Additional Info: Significant growth was seen in merchant power sales and licensed distribution business.
Jubilant FoodWorks
– Price Movement: Jubilant FoodWorks rose by 3.72% to ₹601.60, marking a 52-week high of ₹604.45.
– Market Cap: ₹38,135 crore.
– 52-Week Range: ₹421.05 – ₹604.45.
– Recent Performance: The stock has been volatile, reflecting broader market trends.
GMR Airports Infrastructure
– Price Movement: The stock increased by 2.49% to ₹102.46, reaching a new high.
– Recent Developments: The company completed a merger with GMR Airports Ltd., which is expected to streamline its operations and improve governance.
– Market Cap: ₹71,462 crore.
– 52-Week Range: ₹50.25 – ₹103.75.
Glenmark Pharmaceuticals
– Price Movement: Glenmark Pharma’s shares rose by 1.96% to ₹1,460.75.
– Market Cap: ₹40,209 crore.
– 52-Week Range: ₹722.10 – ₹1,464.40.
– Additional Info: The company continues to perform steadily, with minor fluctuations in recent trading days.
Other stocks reaching 52-week highs today include 30 ONW WAM, Lupin, Sun TV Network, Suzlon, etc