Top NIFTY200 stocks that soared the most from 52-week lows; Trent ltd, Cochin Shipyard and more

The NIFTY200 index has outperformed the NIFTY50, delivering a 34.7% return over the last 52 weeks compared to the NIFTY50’s 27% gain. These NIFTY200 stocks have gained the most from the lows with Trent, Cochin Shipyard, Rail Vikas Nigam and Suzlon Energy soaring more than 200% from their 52-week low, largely driven by their stronger financial and operating performance.

Top 4 NIFTY200 stocks that rallied most from their 52-week lows as of October 9, 2024

_(Source- NSE) _

Trent Ltd

Tata Group’s leading retail fashion chain has surged highest among its NIFTY200 peers by 325% from a 52-week low of ₹1,945.

The massive rally in share price is a direct result of the strong financial and operating performance of the company, In the last 4 preceding quarters revenue Trent’s revenue has grown over 50% on a year-on-year basis. Additionally, the company's Q4FY24 net profit jumped 1,482% YoY, while 91% QoQ. Trent has also managed to reduce its debt levels, leading to a drop in borrowing costs.

Trent operates in India's brand retail industry with segments in retailing and others. It runs stores like Westside, Star, Landmark, and Zudio, focusing on retail sales of garments.

Cochin Shipyard Ltd

The PSU shipbuilding company’s stock has gained over 277% from a 52-week low of ₹435.6.

Investors have shown buying interest in stock in the recent period with stronger financial performance. The policy support from the government through policies such as indigenisation of defence procurement and modernisation of infrastructure led to large inflows of orders, with FY24 reporting an all-time high turnover of ₹3,830 crore while operating margin growing from 11% to 23%.

During FY24 net profit increased by 157% compared to the previous year and the company’s net worth reached the ₹5,000 crore mark for the first time. As of June 30, 2024 company’s current order book is positioned healthy, with approximately ₹22,000 crores of unexecuted orders.

Cochin Shipyard Limited(CSL) is a leading player in the construction of all kinds of vessels, repairs and refits of all types of vessels including periodic upgradation and life extension of ships.

Rail Vikas Nigam Ltd

The Ministry of Railway-backed company’s share has also delivered gains of 238% from a 52-week low of ₹142.15.

The Navratna PSU company in FY24 recorded all-time high revenue of ₹21,889 crore and net profit of ₹1,574 crore respectively, supported by a government focus on the modernisation of railway infrastructure. In FY24 company’s order book stood at ₹85,000 crore, showcasing long-term revenue visibility, while in FY24 company participated in 142 bids with more than 20% success rate.

Rail Vikas Nigam Ltd was incorporated in 2003 by the Government of India. The company is engaged in the business of implementing various types of Rail infrastructure projects assigned by MoR including doubling, gauge conversion, new lines, railway electrification, major bridges, workshops, Production Units and sharing of freight revenue with Railways.

Suzlon Energy Ltd

India’s leading wind energy player’s share has surged about 204% from a 52-week low of ₹26.30.

Suzlon's financial turnaround in FY23 and continuous focus on improving governance standards and transparency attracted investors towards the company. Additionally, Q1FY25 witnessed improvement in key performance parameters. With revenue increased by 50% YoY to ₹2,016 crores and net profit increased by 200% to ₹302 crore.

The company struggled with its debt a few years ago, but now has a strong balance sheet with a net worth of ₹4,253 crore and a net cash position of ₹1,197 crore as of June 2024. It has also recorded the largest-ever order book of 3.8 GW as of June 2024. With rising demand for renewable energy, Suzlon has a proven track record with a 32% market share on a cumulative installed base in India under the wind energy category.

Suzlon’s operations include design development and manufacturing of all major components, including rotor blades, tubular towers, generators, control equipment, gears and nacelles. Apart from manufacturing, it offers a full gamut of wind project planning and execution services, including wind resource assessment, infrastructure and power evacuation, technical planning and execution of wind power projects.

Conclusion

The above stocks from the NIFTY200 index have delivered multifold returns from their 52-week low. The key catalyst for the stocks delivering significant returns could be attributed to their financial performance along with their sectoral tailwinds.