Nifty 100 stocks that are trading close to their 52-week highs

On a weekly basis, the Sensex fell 2.63 per cent, while the Nifty slipped 2.31 per cent. BSE Midcap index declined 1.25 per cent while the Smallcap index suffered a loss of 2 per cent for the week ended June 10.

A Ksheerasagar, MintGenie Team
Published13 Jun 2022, 07:42 AM IST
On Friday, the markets lost ground eroding more than Rs 2.7 lakh crore of investor wealth, showed data on BSE.
On Friday, the markets lost ground eroding more than Rs 2.7 lakh crore of investor wealth, showed data on BSE.(Image by Gerd Altmann from Pixabay)

Indian equity markets remain volatile on the back of rising crude oil prices and high inflation. Both Sensex and Nifty ended almost 2 per cent lower on June 10.

The Sensex finished the day down 1,017 points, or 1.84 per cent, at 54,303.44, while the Nifty finished down 276 points, or 1.68 per cent, at 16,201.80.

On a weekly basis, the Sensex fell 2.63 per cent, while the Nifty slipped 2.31 per cent. BSE Midcap index declined 1.25 per cent while the Smallcap index suffered a loss of 2 per cent for the week ended June 10.

On Friday, the markets lost ground eroding more than Rs 2.7 lakh crore of investor wealth, showed data on BSE.

The overall market capitalisation of BSE-listed firms dropped to Rs. 251.81 lakh crore from Rs. 257 lakh crore on June 3, making investors poorer by Rs. 5.2 lakh crore in a week.

As the stock market remains choppy, there are some stocks that are trading close to their 52-week highs.

Mahindra and Mahindra

Shares of M&M closed at Rs 1037.95/share (down 0.82%) on the BSE in Friday's trade. The stock is now trading near its 52-week high of Rs. 1057.95. which it previously touched on June 02, 2022, and with Friday's closing price, the stock is just 2.07% away from its 52-week high.

On May 31, 2022, it crossed the Rs 1,000 mark for the first time and reached a price of Rs 1,048.8.

The market capitalization of M&M is Rs 1,28,856.2 crore. It has a P/E of 19.59 and an EPS of 52.91.

Furthermore, the stock gained more than 30% in the last three months, compared to the Nifty's 0.5 per cent gain during the same period.

The company reported a 27 per cent increase in its standalone profit after tax to Rs 1,292 crore for the quarter ended March 31, 2022. The company had posted a profit of Rs. 245 crore for the year-ago period.

The revenue for the quarter stood at Rs 17,124 crore, a 28 per cent jump over the corresponding quarter last year. The company reported revenue of Rs 13,356 crore in Q4FY21.

Reliance Industries

Reliance became the first Indian company to cross $100 billion in sales revenues.

For the full fiscal 2021-22 (April 2021 to March 2022), Reliance reported a net profit of Rs 60,705 crore on a revenue of Rs 7.92 lakh crore (USD 102 billion).

Reliance Industries share price fell over 3% in Friday's trade. The stock hit an intraday low of Rs 2,520 apiece on the BSE.

The stock has rallied 13% so far this year. Further, over the past five years, the market price of the stock has zoomed by 306.42 per cent.

The stock is currently trading near its 52-week high of Rs. 2856.15, and it is just 5.23% away from Friday's closing price.

The stock previously touched its 52-week high of Rs. 2856.15 on April 29, 2022.

ITC

ITC's share price has been an outperformer so far in 2022. The stock reached a 52-week high of Rs. 282.35/share in May and has gained 23% this year.

The stock touched its 52-week high of Rs 282.35 on May 20, 2022, and with Friday's closing price, the stock is just 4.52% away from its 52-week high.

ITC has a diversified presence in cigarette packs, hotels, paperboards and speciality papers, packaging, agri-business, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.

The company posted a consolidated net profit of Rs 4259.68 cr for the quarter ended March 31, 2022, which was up 11.6 per cent year-on-year (YoY) as against Rs. 3816.84 cr reported during the corresponding quarter in the year-ago period.

Coal India

Coal India Ltd. gained more than 27 per cent in one year, compared to over 4 per cent upside in the Nifty50.

Shares of Coal closed at Rs 198.50/share (down 0.13%) on the BSE in Friday's trade.

Coal India, an Indian government-owned coal mining and refining corporation, hit a 52-week high of Rs 209 on April 22nd, 2022, and with Friday's closing price, the stock is just 5.29% away from its 52-week high.

The company has a rich dividend history. It has declared 20 dividends since February 11, 2011.

It has a P/E of 7.05, which is on the lower side compared to the sector P/E of 7.39. The EPS is 28.17. The company has almost emerged as a debt-free entity.

The stock has delivered a return of 31.36 per cent in the last six months and a return of 27 per cent in the last one year.

Bandhan Bank

In the past three years, Bandhan Bank has underperformed the market by falling 40 per cent, as compared to a 42 per cent rally in the Sensex.

However, the stock has gained more than 27% so far in 2022. The stock is currently trading near its 52-week high. It had reached a 52-week high of Rs 354.35 on June 28, 2021. The stock is currently 9.50 per cent away from its 52-week high based on Friday's closing price.

In Q4, Bandhan Bank reported a healthy improvement in its operating performance with net interest income (NII) growing by 44.6 per cent year on year (YoY) and 19.5 per cent QoQ to Rs 2,540 crore.

The bank’s net profit soared to Rs 1,902 crore compared to Rs 103 crore in the same period a year ago, aided by low provisions and higher net interest income (NII). In the previous quarter, it had posted a net profit of Rs 859 crore.

The current quarter's net interest margin (NIM), a measure of profitability, increased to 8.7 per cent from 7.8 per cent the previous quarter.

Provisions were mere at Rs 4.7 crore vs. Rs 805 crore QoQ and Rs 828 crore YoY due to a sharp recovery in asset quality.

NTPC Ltd.

The current market price of NTPC is Rs 155 apiece. On April 19, 2022, the stock reached a 52-week high of Rs 166.35 per share.

The stock has rallied 25% so far this year.

Currently, the stock is 7.15 per cent away from its 52-week high.

The company's annual revenue growth of 16.83% outperformed its 3-year CAGR of 9.5%.

NTPC Ltd., incorporated in the year 1975, is a large-cap company (having a market cap of Rs 1,50,540 crore) operating in the power sector.

For the quarter ended March 31, 2022, the company reported a consolidated total income of Rs 37724.42 crore, up 11.66% from the last quarter's total income of Rs 33783.62 crore. The company reported a net profit after tax of Rs 5013.82 crore in the March quarter.

Promoters held a 51.1 per cent stake in the company as of 31-Mar-2022, while FIIs owned 14.74 per cent and DIIs 30.77 per cent.

Bajaj Auto

The company’s stock is down 8.2 per cent in the last one year. Year to date, it is up 19.3 per cent. Bajaj Auto shares closed at Rs 3,881 on the BSE on Friday's trade, up 0.06 per cent compared to Thursday's close.

The stock is now trading near its 52-week high of Rs. 4259.65, which it had previously touched on June 23, 2021.

The stock is only 9.76 per cent away from its 52-week high using Friday's closing price.

Bajaj has paid dividends to shareholders since FY08, with the amount going up each year: from Rs 20 per share in FY08 to Rs 140 per share at the end of FY22. Its aggregate dividend payout during the same period rose from Rs 289 crore to Rs 4,051 crore at the end of FY22.

Bajaj Auto Ltd. reported a 10 per cent growth in net profit for the March 2022 quarter at Rs 1,469 crore as against Rs 1,332 crore in the corresponding quarter of the previous fiscal. The higher profit was mainly due to an exceptional item of Rs 315 crore accrued as an incentive receivable from the Maharashtra government under an incentive scheme.

Bajaj Auto is considering a buyback of fully paid-up equity shares, the company said in a regulatory filing on Thursday, June 9, 2022.

The company last went for such a move in 2000, when shareholders approved the buyback of up to 18 million equity shares at a price of Rs 400 each.

Siemens

Shares of Siemens closed at Rs 2371.95/share, on the BSE in Friday's trade. The stock gained more than 13.35 per cent in the last one year, compared to over 4 per cent upside in the Nifty50.

The stock hit a 52-week high of Rs 2576.85 on Dec. 13, 2022, and with Friday's closing price, the stock is 8.65% away from its 52-week high.

Siemens' operating profit and net profit were among the highest in the industry.

The company reported consolidated sales of Rs 4021.5 crore for the quarter ended Mar-2022, up 11.4 per cent from the previous quarter's Rs 3610.0 crore and up 13.6 per cent from the year-ago quarter's Rs 3540.0 crore.

The net profit for the latest quarter stood at Rs 340.0 crore, up 1.67 per cent from the corresponding quarter last year.

As of 31-Mar-2022, domestic institutional investors held a 2.52 per cent stake in the firm, while foreign institutional investors held 5.51 per cent and the promoters held 75.0 per cent.

The stock traded at a price-to-earnings multiple of 80.34 and a price-to-book ratio of 8.14.

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First Published:13 Jun 2022, 07:42 AM IST
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