PG Electroplast, Nalwa Sons and Black Box scale 52-week highs amid strong market momentum

On Tuesday, 39 stocks reached 52-week highs as frontline indices traded positively. The NIFTY50 rose by 1%, trading around 23,690, while the SENSEX also climbed by 1%, trading near the 78,120 level. Meanwhile, the Nifty Bank increased by 0.73%, trading at approximately 50,730. India’s volatility index, India VIX, declined by 5.41% to 14.35.

Broader market indices traded in the green: the Nifty Midcap 100 was up by 1.65%, while the Nifty Smallcap 100 rose by 1.86%. Sectoral indices also performed positively, with Nifty Media, Nifty Realty, and Nifty Auto gaining between 1.8% and 3%.

Here’s a look at three stocks that reached 52-week highs on Tuesday, November 19, 2024:

PG Electroplast Ltd (52 week high: ₹719)

This flagship company of the PG Group is a leading, diversified Indian electronic manufacturing services provider.

The stock surged by 15.20% from its previous close, hitting a 52-week high of ₹719. By 10:21 a.m., it was trading at ₹691.50, up 10.76%.

Recently, the company became the exclusive manufacturing partner for Spiro Mobility (Africa’s largest EV player) in India through its subsidiary PG Technoplast Pvt Ltd. Responsibilities include setting up and managing manufacturing facilities for EVs, lithium-ion batteries, and related components.

For Q2 FY25, consolidated revenue rose to ₹671 crore from ₹460 crore in Q2 FY24, marking a 45.80% YoY increase, while PAT grew to ₹19 crore from ₹12 crore in Q2 FY24.

The stock delivered a 16.80% return over the past month and has a market capitalisation of ₹18,069 crore.

Nalwa Sons Investments Ltd (52 week high: ₹9,974)

The company, a non-NBFC, is engaged in investing in shares and granting loans to group companies. The stock rose by 6.50% from its previous close, hitting a 52-week high of ₹9,974.

By 10:36 a.m., it was trading at ₹9,504.70, up 1.49%. The company posted a strong quarter, doubling revenue, though its profit margin declined due to higher expenses.

The EPS grew to ₹68.23 in Q2FY25, up from ₹40.22 in Q2FY24. The 5-year sales CAGR (FY19 to FY24) stood at 15.6%, with profits rising from ₹19 crore (excluding other income) to ₹56 crore.

For Q2 FY25, consolidated revenue increased to ₹60 crore from ₹27 crore in Q2 FY24, a 124% YoY increase, while PAT rose to ₹35 crore from ₹21 crore in Q2 FY24.

The stock delivered a 47.16% return over the past month and has a market capitalisation of ₹4,731 crore.

Black Box Ltd (52 week high :₹591)

The company manufactures telecommunication equipment. The stock surged by 5% from its previous close, reaching a 52-week high of ₹606.25. By 11:10 a.m., it was trading at ₹598.95, up 3.73%.

The stock’s performance is attributed to a strong Q2; EBITDA for the quarter rose 34% YoY to ₹135 crore in Q2FY25, up from ₹101 crore in Q2FY24. Revenue and EBITDA grew 5% and 18% QoQ, respectively.

For Q2 FY25, consolidated revenue declined to ₹1,497 crore from ₹1,574 crore in Q2 FY24, a 4.9% YoY decrease, while PAT rose to ₹51 crore from ₹32 crore in Q2 FY24.

The stock delivered a 21.80% return over the past month and has a market capitalisation of ₹10,011 crore.