After General Election 2019, there is no stopping for the Indian stock market. On 30th May 2019, Sensex zoomed 330 points to reach a level of 39,832, while Nifty zoomed 85 points to reach a level of 11,946.

Many stocks are trading at a 52-week high level.

In general, stocks trading at 52-week high level works as an indicator for investors that these stocks have good fundamentals.

But investors, mostly new ones, often wonder if the stocks are overpriced considering the high price level. While these apprehensions are not absolutely baseless, all stocks hitting a 52-week high are not necessarily overpriced at that moment and can maintain the momentum and keep scaling new highs with time.

In fact, an investor might miss out on top gainers in an attempt to avoid the steep stock prices that are near their 52-week high mark.

In this blog, I have listed top 10 stocks which have experienced a 52-week high in recent times.

Top 10 Stocks Which Have Experienced a 52-week High

[stocks-data title= “Stocks Data Comparison” stockcodes=”siemens-ltd:aarti-industries-ltd:pi-industries-ltd:city-union-bank-ltd:interglobe-aviation-ltd:icici-bank-ltd:jk-cement-ltd:the-federal-bank-ltd:deepak-nitrite-ltd:sobha-ltd”]

1. Siemens Ltd.

52 Week High – 1284.20 (BSE), 1285.50 (NSE)

Siemens AG is a German multinational conglomerate company headquartered in Berlin and Munich and the largest industrial manufacturing company in Europe.

Siemens Ltd., part of Siemens AG and incorporated in India in the year 1957, is a large-cap company operating in the engineering sector.

Siemens Ltd. manufactures steam turbines, turbo compressors, high-voltage switchgear (circuit breakers, disconnectors and gas-insulated switchgear), switchboards, fire detectors and suppression systems, motors and generators, relays and smart grid systems, remote monitoring systems (RMS), transformers, and advanced medical imaging equipment.

All the Indian factories replicate global, best-in-class manufacturing systems and practices.

Performance of the Stock

Parameters BSE NSE
Current Price (₹) 1279.25
1280.00
1 Year Profit / Loss (%) 22.68 22.69
3 Year Profit / Loss (%) 4.61 4.62
5 Year Profit / Loss (%) 47.37 47.39
Beta (1 year) 1.26 1.28
Avg. Daily Volatility (% on year basis) 1.83 1.88

Key Market Indicators

Market Cap (₹ Cr) 40,135
Book Value (₹) 233.04
P/E 44.52
Industry P/E 28.06
P/B 4.84
Dividend Yield (%) 0.62
Return on Equity (%)
10.85

Latest Quarterly Results

Q4 FY 2018-19 Results % Chg (Yearly)
Sales (₹ Cr) 3,461.40 9.43
EBITDA (₹ Cr) 493.00 27.49
Net Income (₹ Cr) 280.30 27.58
EPS (₹) 7.87 27.55

Note: All the above values as on 30/05/2019

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The company has reported a strong sales revenue of Rs. 3,461.40 crore, in Q4 FY 2018-19, which is an increase of 9.43% on a yearly basis along with an increase of 27.58% in net profit.

Its tremendous performance in the last few quarters is largely driven by its fast and strategic capacity expansion and realization improvement in all of its business verticles at the same time.

2. Aarti Industries Ltd.

52 Week High – 1899.00 (BSE), 1899.00 (NSE)

Incorporated in the year 1984, Aarti Industries Ltd. is an Indian mid-cap chemical manufacturing company headquartered in Mumbai.

It operates in four segments: basic chemicals, specialty chemicals, agrochemicals, and pharmaceuticals.

Aarti Industries Ltd. is one of the leading suppliers to global manufacturers of dyes, pigments, agrochemicals, pharmaceuticals, and rubber chemicals and has 16 manufacturing plants spread across Maharashtra and Gujarat.

Performance of the Stock

Parameters BSE NSE
Current Price (₹) 1845.30 1846.35
1 Year Profit / Loss (%) 49.39 49.42
3 Year Profit / Loss (%) 257.61 257.68
5 Year Profit / Loss (%) 1,042.59 1,042.65
Beta (1 year) 0.78 0.79
Avg. Daily Volatility (% on year basis) 1.95 1.93

Key Market Indicators

Market Cap (₹ Cr) 13,863
Book Value (₹) 268.60
P/E 39.91
Industry P/E 25.35
P/B 5.96
Dividend Yield (%) 0.06
Return on Equity (%) 17.49

Latest Quarterly Results

Q4 FY 2018-19 Results % Chg (Yearly)
Sales (₹ Cr) 1,211.44 17.69
EBITDA (₹ Cr) 237.60 30.97
Net Income (₹ Cr) 124.45 46.49
EPS (₹) 15.21 45.97

Note: All the above values as on 30/05/2019

More About This Stock

The company has reported a strong sales revenue of Rs. 1,211.44 Crore, in Q4 FY 2018-19, which is an increase of 17.69% on a yearly basis, along with an increase of 46.49% in net profit.

Many brokerage firms and pundits expect Aarti Industries Ltd. to benefit from the manufacturing shift to India (after China’s clampdown), timely expansion of production capacity, better product mix as compare to its peers, and noticeable progress in its multi-year supply pacts.

3. PI Industries Ltd.

52 Week High – 1150.00 (BSE), 1154.00 (NSE)

Incorporated in the year 1946, PI Industries Ltd. operates with a unique business model across the Agchem value chain which includes everything from R&D to distribution, providing innovative solutions.

With 72 years of experience, PI Industries is now one of the leading and fastest growing agri-sciences companies in India and amongst the top 10 in custom synthesis, partnering with innovators for developing innovative products and crop protection solutions globally, with set-ups in India, China, Japan, and Germany.

Today, PI Industries Ltd. stands strong with a workforce of more than 2000 employees and connected with more than 84,000 retail points pan India.

Performance of the Stock

Parameters BSE NSE
Current Price (₹) 1053.50
1053.00
1 Year Profit / Loss (%) 25.25 25.65
3 Year Profit / Loss (%) 56.58 56.62
5 Year Profit / Loss (%) 255.51 255.56
Beta (1 year) 0.48 0.54
Avg. Daily Volatility (% on year basis) 1.51 1.57

Key Market Indicators

Market Cap (₹ Cr) 14,226
Book Value (₹) 138.95
P/E 38.66
Industry P/E 33.74
P/B 7.42
Dividend Yield (%) 0.39
Return on Equity (%)
17.94

Latest Quarterly Results

Q4 FY 2018-19 Results % Chg (Yearly)
Sales (₹ Cr) 804.80 28.75
EBITDA (₹ Cr) 194.10 26.24
Net Income (₹ Cr) 124.40 18.00
EPS (₹) 9.02 18.37

Note: All the above values as on 30/05/2019

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The company has reported a strong sales revenue of Rs. 804.80 Crore, in Q4 FY 2018-19, which is an increase of 28.75% on a yearly basis, along with an increase of 18.00% in net profit.

Experts believe that the agriculture sector will boost in recent years and it is likely to propel agriculture sector stocks in the next few years to come.

4. City Union Bank Ltd.

52 Week High – 218.35 (BSE), 218.50 (NSE)

City Union Bank Ltd., initially called Kumbakonam Bank Ltd., preferred the role of a regional bank in the Thanjavur district of Tamil Nadu when incorporated in the year 1904.

It offers a gamut of technological services like net banking, mobile banking, self-service kiosks, and financial products. Along with these, City Union Bank offers many loan products to service the financial needs of small individual customers to large industries.

India’s first banking robot named Lakshmi was launched by City Union Bank in November 2016.

Performance of the Stock

Parameters BSE NSE
Current Price (₹) 211.80 212.05
1 Year Profit / Loss (%) 27.14 27.18
3 Year Profit / Loss (%) 139.73 139.73
5 Year Profit / Loss (%) 276.60 276.68
Beta (1 year) 0.41 0.44
Avg. Daily Volatility (% on year basis) 0.59 1.60

Key Market Indicators

Market Cap (₹ Cr) 14,506
Book Value (₹) 63.23
P/E 22.18
Industry P/E 41.06
P/B 3.12
Dividend Yield (%) 0.46
Cost of Funds Ratio (x) 5.70

Latest Quarterly Results

Q4 FY 2018-19 Results % Chg (Yearly)
Int./Disc on Adv/Bills (₹ Cr) 838.34 15.86
Gross NPA (% of the total asset) 2.95 – 2.64
Net Income (₹ Cr) 175.11 15.11
EPS (₹) 2.37 3.95

Note: All the above values as on 30/05/2019

More About This Stock

Stable asset quality, superior corporate governance, and solid performance make City Union Bank stock an attractive proposition for investors.

City Union Bank Ltd. has been able to grow its loan book by 18-20% March quarter, which is believed by many pundits should continue for coming years as well.

Also, this bank appears to be undervalued based on its PE ratio, compared to the industry average. So, this is a good stock to include in your portfolio if you are looking for investing in banking sector stocks.

5. Interglobe Aviation Ltd.

52 Week High – 1716.00 (BSE), 1716.00 (NSE)

Incorporated in the year 2004, InterGlobe Aviation Limited (IndiGo) is an Indian low-cost airline headquartered at Gurgaon, Haryana.

The airline was founded as a private company by Mr. Rahul Bhatia and Mr. Rakesh Gangwal, a United States-based expatriate Indian.

It took delivery of its first aircraft in July 2006 and commenced operations a month later. The airline became the largest Indian carrier in passenger market share in 2012 and then went public in November 2015.

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currently, it is the largest airline in India by passengers carried and fleet size, with around 50% domestic market share.

Also, it is the largest Asian low-cost carrier (on an individual basis) in terms of jet fleet size and passengers carried, and the 7th largest carrier in Asia with over 5 crore passengers carried in 2018.

The airline operates flights to 66 destinations of which 51 are in the domestic circuit and rest 15 in international routes.

Performance of the Stock

Parameters BSE NSE
Current Price (₹) 1639.00
1638.20
1 Year Profit / Loss (%) 32.13 32.19
3 Year Profit / Loss (%) 54.34 54.39
5 Year Profit / Loss (%) NA NA
Beta (1 year) 0.85 0.83
Avg. Daily Volatility (% on year basis) 2.65 2.65

Key Market Indicators

Market Cap (₹ Cr) 60,121
Book Value (₹) 182.71
P/E 26.81
Industry P/E 70.36
P/B 8.56
Dividend Yield (%) 0.38
Return on Equity (%)
2.26

Latest Quarterly Results

Q4 FY 2018-19 Results % Chg (Yearly)
Sales (₹ Cr) 5,101.98 – 12.02
EBITDA (₹ Cr) 967.90 149.73
Net Income (₹ Cr) 589.59 401.17
EPS (₹) 15.32 402.30

Note: All the above values as on 30/05/2019

More About this Stock

Even though the company has reported negative growth in sales revenue as compared to the previous year in Q4 FY 2018-19, the net profit increase by 401.17% on a yearly basis.

This shows the high degree of operational efficiency in IndiGo.

With the demise of Jet Airways, IndiGo’s stock is poised to grow further even though it is trading near its 52 week high.

6. ICICI Bank Ltd.

52 Week High – 437.90 (BSE), 439.20 (NSE)

Incorporated in the year 1994, ICICI (Industrial Credit and Investment Corporation of India) Bank is one of the big four banks in India.

As of January 2019, ICICI Bank is the 2nd largest bank in India, in terms of assets and market capitalization and offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialised subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management.

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This bank currently has a network of 4867 branches and 14367 ATMs across Indian states and has a presence in 16 countries excluding India.

Performance of the Stock

Parameters BSE NSE
Current Price (₹) 426.00 426.10
1 Year Profit / Loss (%) 49.43 49.48
3 Year Profit / Loss (%) 91.62 91.69
5 Year Profit / Loss (%) 65.28 65.29
Beta (1 year) 1.35 1.37
Avg. Daily Volatility (% on year basis) 1.85 1.87

Key Market Indicators

Market Cap (₹ Cr) 2,49,038
Book Value (₹) 172.50
P/E 32.19
Industry P/E 41.06
P/B 2.24
Dividend Yield (%) 0.39
Cost of Funds Ratio (x) 4.20

Latest Quarterly Results

Q4 FY 2018-19 Results % Chg (Yearly)
Int./Disc on Adv/Bills (₹ Cr) 13,723.16 21.13
Gross NPA (% of the total asset) NA NA
Net Income (₹ Cr) 1,170.36 2.49
EPS (₹) 1.79 1.70

Note: All the above values as on 30/05/2019

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Though ICICI Bank experienced hiccups in the form of corporate governance at the beginning of 2018, most of this has subsided and the new MD and CEO, Mr. Sandeep Bakhshi has taken over the charge successfully.

The Indian banking sector is to get a makeover under the new RBI governor.

With better growth rates and solid credentials of the new CEO in driving and handling the change of management in an organization, experts believe that ICICI Bank’s stock is in a good position to rise further in the coming years.

7. JK Cement Ltd.

52 Week High – 1072.20 (BSE), 1075.00 (NSE)

Incorporated in the year 1974, JK Cement Ltd. has over four decades of experience in cement manufacturing.

From a modest beginning in the year 1974 with a capacity of 0.3 million tonnes at Nimbahera in Rajasthan, today JK Cement has 6 kilns of different capacities with a combined annual capacity of 7.5 million tonnes.

JK Cement Ltd. is the second largest manufacturer of White Cement in India, with an annual capacity of 618,000 tonnes and value-added building products such as Wall Putty with an annual capacity of 700,000 tonnes and the plants are fully automated.

Performance of the Stock

Parameters BSE NSE
Current Price (₹) 1016.00 1021.85
1 Year Profit / Loss (%) 7.33 7.35
3 Year Profit / Loss (%) 73.50 73.56
5 Year Profit / Loss (%) 206.26 206.29
Beta (1 year) 0.66 0.65
Avg. Daily Volatility (% on year basis) 1.60 1.60

Key Market Indicators

Market Cap (₹ Cr) 6,568
Book Value (₹) 321.69
P/E 20.53
Industry P/E 19.04
P/B 2.64
Dividend Yield (%) 1.18
Return on Equity (%)
15.87

Latest Quarterly Results

Q4 FY 2018-19 Results % Chg (Yearly)
Sales (₹ Cr) 1,470.71 11.76
EBITDA (₹ Cr) 314.41 33.66
Net Income (₹ Cr) 149.97 55.49
EPS (₹) 19.41 40.75

Note: All the above values as on 30/05/2019

More About this Stock?

The company has reported a strong sales revenue of Rs. 1,470.71 Crore, in Q4 FY 2018-19, which is an increase of 11.76% on a yearly basis along with an increase of 40.75% in net profit.

With additional capacity coming in, the debt of this company could increase to about Rs. 3200 crore in FY 2020E.

However, improvement in margins and continued demand momentum on the back of infrastructure projects and housing should help the company manage to keep the debt/EBITDA of FY 22021E at similar levels of FY 2019.

8. The Federal Bank Ltd.

52 Week High – 108.90 (BSE), 109.00 (NSE)

Federal Bank Ltd. is an Indian Private Sector, scheduled commercial bank, headquartered in Kochi, Kerala.

This bank has a customer base of around 80 Lakhs, including 12 Lakhs NRI customers and a large network of remittance partners across the globe.

Federal Bank Ltd. has remittance arrangements with more than 110 Banks/Exchange Companies across the globe and claims to handle more than 15% of India’s inward remittances.

The bank is also listed in the BSE, NSE, and London Stock Exchange and has a branch in India’s first International Financial Services Centre (IFSC) at GIFT City in Gujarat.

Performance of the Stock

Parameters BSE NSE
Current Price (₹) 108.10 108.05
1 Year Profit / Loss (%) 25.64 25.67
3 Year Profit / Loss (%) 106.24 106.32
5 Year Profit / Loss (%) 86.04 86.08
Beta (1 year) 1.35 1.35
Avg. Daily Volatility (% on year basis) 2.34 2.32

Key Market Indicators

Market Cap (₹ Cr) 19,615
Book Value (₹) 67.97
P/E 20.83
Industry P/E 41.06
P/B 1.45
Dividend Yield (%) 1.01
Cost of Funds Ratio (x) 4.20

Latest Quarterly Results

Q4 FY 2018-19 Results % Chg (Yearly)
Int./Disc on Adv/Bills (₹ Cr) 2,413.05 23.68
Gross NPA (% of the total asset) 2.92 – 2.67
Net Income (₹ Cr) 381.51 163.13
EPS (₹) 1.91 161.64

Note: All the above values as on 30/05/2019

More About this Stock?

This mid-sized entity in the banking sector under the new savvy management has, by and large, crossed the asset quality problem.

It has recently raised capital and looks set to accelerate growth in the next few years.

9. Deepak Nitrite Ltd.

52 Week High – 322.00 (BSE), 322.00 (NSE)

Incorporated in the year 1970, Deepak Nitrite Ltd. is a mid-cap company operating in the Chemicals sector.

Headquartered in Gujarat, the chemical hub of India, Deepak Nitrite Ltd. is a multi-division and multi-product company with manufacturing facilities at Nandesari and Dahej in Gujarat, Roha, and Taloja in Maharashtra, and at Hyderabad in Andhra Pradesh.

This company manufactures chemical intermediates to serve the domestic and international market with high-quality products made in a responsible and sustainable manner.

Performance of the Stock

Parameters BSE NSE
Current Price (₹)
317.90
318.20
1 Year Profit / Loss (%) 29.05 29.96
3 Year Profit / Loss (%) 279.49 279.42
5 Year Profit / Loss (%) 258.15 258.11
Beta (1 year) 1.20 1.22
Avg. Daily Volatility (% on year basis) 2.31 2.34

Key Market Indicators

Market Cap (₹ Cr) 3,866
Book Value (₹) 78.57
P/E 48.93
Industry P/E 24.92
P/B 1.45
Dividend Yield (%) 3.61
Return on Equity (%) 16.20

Latest Quarterly Results

Q4 FY 2018-19 Results % Chg (Yearly)
Sales (₹ Cr) 485.87 23.65
EBITDA (₹ Cr) 110.70 99.80
Net Income (₹ Cr) 56.57 178.39
EPS (₹) 4.15 174.83

Note: All the above values as on 30/05/2019

More About this Stock?

The company has reported a strong sales revenue of Rs. 485.87 Crore, in Q4 FY 2018-19, which is an increase of 23.65% on a yearly basis along with an increase of 178.39% in net profit.

Experts believe that the net profit of this company grows more than double over the next couple of years and the future seems bright for Deepak Nitrite.

Buying a great company with a robust outlook at a cheap price is always a good investment criterion.

10. Sobha Ltd.

52 Week High – 553.33 (BSE), 554.00 (NSE)

Sobha Ltd. is an Indian multinational real estate developer headquartered in Bangalore and works in the business of construction, development, sale, management and operation, townships, housing projects, commercial premises, and other related activities.

It was founded in 1995 by Mr. P.N.C. Menon.

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Since inception, as of December 2018, Sobha Ltd. has delivered real estate projects and contractual projects covering about 100.31 million square feet of area.

Performance of the Stock

Parameters BSE NSE
Current Price (₹)
545.05
546.55
1 Year Profit / Loss (%) 7.46 7.50
3 Year Profit / Loss (%) 77.77 77.80
5 Year Profit / Loss (%) 21.85 21.89
Beta (1 year) 1.03 1.06
Avg. Daily Volatility (% on year basis) 2.16 2.24

Key Market Indicators

Market Cap (₹ Cr) 4,487
Book Value (₹) 223.12
P/E 20.69
Industry P/E 24.71
P/B 2.12
Dividend Yield (%) 1.48
Return on Equity (%) 13.32

Latest Quarterly Results

Q4 FY 2018-19 Results % Chg (Yearly)
Sales (₹ Cr) 1,397.80 81.63
EBITDA (₹ Cr) 267.30 71.35
Net Income (₹ Cr) 113.30 73.24
EPS (₹) 11.95 73.19

Note: All the above values as on 30/05/2019

More About this Stock?

The company has reported a strong sales revenue of Rs. 1,397.80 Crore, in Q4 FY 2018-19, which is an increase of 81.63% on a yearly basis along with an increase of 73.24% in net profit.

Investors searching for a good real estate stock can bet on Sobha Ltd. stock.

The Bottom Line

Many a time it happens that stocks hitting a 52-week high fail to scale higher despite having potential. This is because investors fear that the stocks are overvalued and a price crash is impending.

So, one should take a more informed approach to understand any further upside is left in the stock performance.

Happy investing!

Disclaimer: The views expressed in this post are that of the author and not those of Groww. Groww in no-way advices or endorses the particular stocks mentioned in this article.