Aurobindo Pharma, Voltas and Trent clinch fresh 52-week high; here’s why

On Monday, over 77 stocks advanced to 52-week highs. The benchmark indices, NIFTY50, traded at 24,458, up 0.39%, SENSEX at 80,025 level, up 0.41%, and the Nifty Bank at 50,708, up 0.44%, while the fear gauge India VIX spiked to 15.92 levels.

The broader market indices traded mixed, with Nifty Midcap 100 down 0.29% and Nifty Smallcap 100 up 0.20%. The sectoral indices traded mixed, with Nifty Realty up 0.68% and Metal up 0.57%, the top gainers, while Media was the top loser, down 1.17%.

Top three stocks that hit a fresh 52-week high

Aurobindo Pharma Ltd

The pharma stock’s price traded at a fresh 52-week high at ₹1,490 after surging over 2.78% in the Monday session, crossing the market-cap mark of ₹85k crore.

The Hyderabad-based Pharma’s share witnessed strong buying interest after its strong performance in Q1FY25, denoting significant topline growth across all business segments with profitability sustained by improvement in margins.

In Q1FY25, the company reported a 61% YoY basis jump in net profit to ₹919 crore and a 40% YoY growth in EBITDA to ₹1,620 crore. Operating margin expanded by 460 bps to 21.4%, and revenue growth was 10.5% YoY to ₹7,567 crore.

In the quarter, the revenue breakdown was as follows: domestic accounted for 11%, while international contributed to 89%. Further, US revenue increased by 13.3% YoY to ₹3,555 crore and accounted for 47% of consolidated revenue, and Europe revenue increased by 7.9% YoY to ₹1,982 crore and accounted for 26.2% of consolidated revenue.

The company's stock price has gained over 44% in the last six months and 68% in the last twelve months.

Voltas Ltd

The Tata-backed leading air conditioning company’s scrip jumped 9.39% on Monday, peaking at a 52-week high at ₹1,563 crore. In the early deals on NSE till 9.40 a.m., the stock witnessed over 43.07 lakh trade volume with a traded value of ₹657.30 crore, taking the company's market capitalisation above ₹50,000 crore mark.

This sharp spike in share price was noticed after the company announced its quarterly earnings, early this morning. Voltas gave a stellar performance with 46% YoY growth in revenue to ₹5,001 crore and a 160% YoY jump in net profit to ₹335 crore. Further company profit before tax (PBT) remained the highest ever quarterly PBT at ₹452 crore with an increase of 123% YoY.

Segment-wise, the revenue of unitary cooling products, which includes ACs and coolers, stood at ₹3,802 crore, with its profit at ₹327 crore.

Consumer durable stocks, especially electric consumer durables, have remained in focus in this quarter due to growth in volumes and profitability. This is on account of the surge in demand in April and May, led by heat waves across the country. The Nifty’s Consumer Durable index has surged over 16% in the last three months.

Trent Ltd

Another Tata-led company and retail chain’s stock climbed to a 52-week high at ₹6,434, soaring over 2.53% in Monday's trading session.

The Westside and Zudio-owned company’s stock has shown strong momentum, surging 17% in the previous five sessions. In recent earnings, the net profit more than doubled to ₹393 crore in Q1FY25, beating the street's estimate.

In Q1FY25, consolidated revenue grew 56% YoY to ₹4,104 crore, EBITDA jumped 105% YoY to ₹445 crore, and net profit surged 136% YoY to ₹501 crore.

The store count for the fashion chain, which includes Zudio and Westside, rose to 823 stores, and for food and grocery, it was 72 stores. The popular brand Westsides added 6 stores in Q1, taking the total count to 228 stores and expanding to 86 cities, while Zudio’s store count stood at 559 stores with a presence in 164 cities.

The stock price has surged over 230% in the last 12 months, with current market capitalisation at ₹2,25,558 crore.