3 Quality Stocks That Hit New 52-Week High After Strong Earnings & Bonus Share

Bullish investors are interested to buy stocks that are performing strongly in the equity markets and also trading near their 52-week highs. In this article, 3 quality stocks have been discussed that hit fresh 52-week highs on the last trading day, after strong quarterly earning reports and the announcement of bonus share.

TCPL Packaging Limited

The share price of TCPL Packaging Limited closed at Rs. 1,637 a piece, up by 15.47% in trade to hit a fresh 52-week high, after the publication of its quarterly earning report. In the last 5 days, its share price surged by 14.53%, and gained by 25.38% in the last 1 month. The company's share price rallied sharply by 227.01% in the last 1 year. In Q2FY23, TCPL Packaging Limited has reported its consolidated revenue to gain by 43% YoY to Rs. 361.7 crore, due to higher volumes and better realizations. Additionally, the consolidated PAT has more-than-doubled to Rs. 39.50 crore from Rs. 10.6 crore in the year-ago quarter.

Goa Carbon Limited

The share price of Goa Carbon Limited, a petrochem manufacturing company closed at Rs. 659.35 a piece, up by 5.44% in trade to hit a fresh 52-week high, on the back of healthy business outlook. In the last 5 days, its share price surged by 18.44%, and gained by 56.69% in the last 1 month. The company's share price rallied sharply by 87.16% in the last 1 year. The company's total income has more than doubled on a quarterly basis. In Q2 FY23 the company's total income stood at Rs. 42,796.85 lakh, compared to Rs. 20,647.69 lakh in Q1 FY23.

Rama Steel Tubes Ltd

The share price of Rama Steel Tubes closed at Rs. 175.90 a piece, to hit a fresh 52-week high, after the board of the company announced its quarterly earnings and bonus share. In the last 5 days, its share price surged by 6.09%, and gained by 36.46% in the last 1 month. The multibagger company's share price rallied sharply by 268.53% in the last 1 year. The company this week has announced a 4:1 bonus share.

Archies Limited

The share price of Archies Limited closed at Rs. 27.60 a piece, to hit a fresh 52-week high, after the board of the declared a strong quarterly earning report. Only in the last 5 days, its share price surged by 43.01%, and gained by 36.30% in the last 1 month. The company's share price rallied sharply by 62.83% in the last 1 year. According to data available with NSE, in Q1 FY23, this company's Total Income stood at Rs. 2334 lakh, as against Rs. 2139.48 lakh in the previous quarter.

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, and the author are not liable for any losses caused as a result of decisions based on the article.