HCL Technologies, Ami Organics, and Banco Products hit fresh 52-week highs today; here’s why

On Thursday, 22 stocks reached 52-week highs as major indices traded positively. The NIFTY50 rose by 0.11%, trading around 23,580, while the SENSEX increased by 0.15%, trading near 77,810. The Nifty Bank climbed by 0.63%, trading at approximately 50,400. Meanwhile, India's volatility index, India VIX, fell by 1.04% to 15.27.

Broader market indices showed positive momentum, with the Nifty Midcap 100 up 0.71% and the Nifty Smallcap 100 rising by 1.17%. Sectoral indices displayed mixed performance, with Nifty Media gaining 1.90% while Nifty FMCG slipped by 0.35%.

Ami Organics (52 week high: ₹2,149)

The company posted a robust Q2 FY25, with operating margins expanding by 300 basis points quarter-over-quarter (QoQ) and 600 basis points year-over-year (YoY). Strong performances in pharmaceutical intermediates and speciality chemicals led to an upward revision of revenue guidance to 30% for FY25.

For Q2 FY25, consolidated revenue rose to ₹247 crore from ₹172 crore in Q2 FY24, a 43.15% YoY increase, while PAT grew to ₹38 crore, reversing a loss of ₹17 crore in Q2 FY24.

Ami Organics’ stock delivered a 28.22% return over the past month, and its market capitalisation stands at ₹8,531 crore.

Banco Products (India) (52 week high: ₹839)

The stock's performance reflects a strong quarter. The company posted its highest-ever quarterly profit of ₹139 crore, a 110% YoY increase (including other income of ₹17 crore). Banco Products also announced a 1:1 bonus issue, with the record date to be announced.

In Q2 FY25, consolidated revenue grew to ₹895 crore from ₹725 crore in Q2 FY24, a 23.51% YoY rise, while PAT increased to ₹139 crore from ₹66 crore.

The stock delivered a 16.43% return over the past month and has a market capitalisation of ₹5,898 crore.

HCL Technologies Ltd (52 week high: ₹1,897)

Recently, HCL integrated AI Force with GitHub Copilot to enhance development workflows, improve developer flexibility, and optimise code performance. Additionally, the company appointed a Chief Growth Officer for strategic segments, focusing on government and global private equity.

For Q2 FY25, consolidated revenue reached ₹28,862 crore, an 8.21% YoY increase from ₹26,672 crore in Q2 FY24, while PAT rose to ₹4,237 crore from ₹3,833 crore.

The stock delivered a 1.51% return over the past month and has a market capitalisation of ₹5,07,184 crore.