Deepak Fertilizers, CRISIL and City Union Bank hits 52-week high, here’s why

On Wednesday, 42 stocks reached 52-week highs. The frontline indices were in red, with the NIFTY50 trading at 24,410, down 0.24%, and SENSEX at 80,100, down 0.32%. Meanwhile, Nifty Bank declined to 51,930, down 0.76%, and India VIX, the volatility index, was above the 15 level, rising over 5%.

Broader market indices were in positive territory, with the Nifty Midcap 100 up by 0.44% and the Nifty Smallcap 100 up by 0.99%. Sectoral indices showed mixed trends, with Nifty Media rising 1.50%, making it the top gainer, while Nifty Pharma led the declines, down 1.24%.

Three stocks hitting 52-week high on Wednesday, October 30, 2024:

Deepak Fertilizers & Petrochemicals Corp Ltd

The company operates in fertilizers, agri-services, bulk chemicals, mining chemicals, and real estate. On Wednesday, the stock surged by 8.44% from the previous close, hitting a 52-week high of ₹1,335.95.

The stock's movement is due to strong results. In Q2FY25, the company expanded its EBITDA margin by 619 basis points, reaching 18%, compared to 11.8% a year ago. Capacity utilisation in various segments ranged from 80% to 108% for the quarter.

In Q2 FY25, revenue rose to ₹2,747 crore from ₹2,424 crore in Q2 FY24, marking a 13.31% YoY increase. PAT reached ₹214 crore, up from ₹63 crore in Q2 FY24.

Over the past month, the company delivered a 15.50% market return, with a current market capitalisation of ₹15,297 crore.

CRISIL Ltd

This company provides ratings, research, risk, and policy advisory services, along with high-end research for large banks and leading corporations.

On Wednesday, the scrip soared over 3.69% from the previous close, hitting a 52-week high of ₹5,395.95.

The company declared an interim dividend of ₹15 for shareholders and recently appointed a new CFO. For the past nine months, the research and analytics segment's margins declined by 110 basis points YoY, while the rating services margin improved by 230 basis points YoY.

In Q3 FY24, revenue increased to ₹812 crore from ₹736 crore in Q3 FY23, a 10.32% YoY rise. PAT grew to ₹172 crore, up from ₹152 crore in Q3 FY23.

Over the past month, the company delivered a 16.52% market return, with a current market capitalisation of ₹39,183 crore.

City Union Bank Ltd

This banking company operates in segments such as Treasury, Corporate and Wholesale Banking, Retail Banking, and other banking operations.

On Wednesday, the shares zoomed by 1.33% from the previous close, hitting a 52-week high of ₹179.28.

The company is preparing for a commercial soft launch of new retail products, including housing loans and micro-loans against property, expected in Q4 of this fiscal year. It also plans to revamp its core gold loan product by transitioning to fixed interest rates.

In Q2 FY25, revenue rose to ₹1,434 crore from ₹1,304 crore in Q2 FY24, reflecting a 9.96% YoY increase. PAT reached ₹285 crore, up from ₹281 crore in Q2 FY24.

Over the past month, the company delivered an 8.41% market return, with a current market capitalisation of ₹13,225 crore.