NIFTY50 trades below the 24,000 mark, 61 stocks hit 52-week high, including Rainbow Child, CRISIL and Gillette

On Monday, 61 stocks reached 52-week highs, while the frontline indices were in the red. The NIFTY50 traded at 23,930, down 1.54%, and the SENSEX at 78,570, down 1.45%. Meanwhile, Nifty Bank declined to 51,295, down 0.73%, and India VIX, the volatility index, was above the 17 level, rising over 8%.

Broader market indices were also in negative territory, with the Nifty Midcap 100 down 1.39% and the Nifty Smallcap 100 down 2.07%. Sectoral indices showed negative trends, with Nifty Energy, Nifty Media, and Nifty Realty leading the declines, each down about 3%.

Here’s a look at three stocks that hit their 52-week highs on Monday, November 4, 2024:

Rainbow Children’s Medicare Ltd

The company is a multi-speciality hospital chain in India specializing in paediatrics, obstetrics, and gynaecology.

On Monday, the stock surged 8.99% from the previous close, hitting a 52-week high of ₹1,688.80.

The company has been consistently growing its top line and bottom line. In FY19, its sales stood at ₹543 crore, which grew to ₹1,297 crore, achieving a 5-year CAGR of 19.02%. Over the same period, profits expanded by more than 4.5 times, with operating margins increasing from 28% to 33%.

In Q2 FY25, revenue rose to ₹417 crore from ₹333 crore in Q2 FY24, marking a 25.48% YoY increase, and PAT reached ₹79 crore, up from ₹63 crore in Q2 FY24.

Over the past month, the company delivered a 14.62% market return, with a current market capitalization of ₹16,363 crore.

CRISIL Ltd

On Monday, the stock surged 3% from the previous close, reaching a 52-week high of ₹5,634.95.

The company announced an interim dividend of ₹15 for its shareholders and recently appointed a new CFO. Over the last 9 months, margins in the research and analytics segment dropped by 110 basis points year-on-year, while the rating services segment saw a margin improvement of 230 basis points.

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

Over the past month, CRISIL delivered a 22.03% market return, with a current market capitalization of ₹39,936 crore.

Gillette India Ltd

On Monday, the stock surged 6% from the previous close, reaching a 52-week high of ₹10,550. The increase was driven by robust quarterly results, showing a 43% year-on-year profit growth. Gillette achieved double-digit growth in both revenue and profit, strengthening its lead in the blades and razors market.

In Q2 FY25, revenue was ₹782 crore, up from ₹668 crore in Q2 FY24, marking a 17.12% YoY growth, and PAT rose to ₹133 crore from ₹93 crore in Q2 FY24.

Over the past month, Gillette delivered a 22.03% market return, with a current market capitalization of ₹33,820 crore.