4 Nifty Stocks Hit Fresh 52-Week High Today: Strong Quarterly Earnings & Bonus Issue

Today, on November 9, Nifty stood at 18,184.80 points, at the time of writing. Indian stock markets opened marginally higher but fell later today. Here, 4 top Nifty socks have been mentioned that hit fresh 52-week high today, after strong quarterly earnings and bonus issue.

BLS International Services Ltd.

The share price of BLS International stood at Rs. 372.35 a piece, up by 9.84% in intra day trade to hit a fresh 52-week high. In the last 6 months, its share price surged by 118.77%, in 2022 its share price gained by 293.06%, to become a multibagger stock. The stock has announces a 1:1 bonus share two days ago. The mid-cap company has a market capitalization of Rs. 7,579 crore. The company's Operational Revenue stood at Rs. 356.84 crores in Q2 FY23, up by 87.36% from Rs. 190.46 crores in Q2 FY22. Its EBITDA stood at Rs. 56.8 crores in Q2 FY23, up from Rs. 27.57 crores in Q2 FY22. Profit After Tax (PAT) for the quarter is Rs. 50.99 crores compared to Rs. 27.46 crores in the same period of last financial year.

PI Industries Ltd.

The share price of PI Industries Ltd. stood at Rs. 3,623 a piece, up by 9.88% in intra day trade to hit a fresh 52-week high. In the last 6 months, its share price surged by 41.47%. The stock gained by 335.12% in the last 5 years, to become a multibagger stock. The company ticked an overall 31% Y-o-Y revenue growth. 29% growth in Exports on a higher base led by volume growth of ~25%, favorable price and currency of ~4% was recorded. On the other hand, 36% growth in Domestic was mainly driven by volume growth of ~31% and price increase of ~5%. EBITDA margin improved on account of favorable product mix and operating leverage, while a 46% increase in PAT attributable to EBITDA growth and despite higher depreciation and ETR.

Honda India Power Products Limited

The share price of Honda India stood at Rs. 2,136.95 a piece, up by 16.28% in intra day trade to hit a fresh 52-week high. In the last 6 months, its share price surged by 54.62%. The stock gained by 57.63% in the last 1 year. The company's revenue from operation in Q2 FY23 stood at Rs. 39,408 lakh, compared to Rs. 20,006 lakh in the earlier quarter, showing a sharp inclination. Its total income stood at Rs. 39,963 lakh, compared to Rs. 20,581 lakh.

Refex Industries Limited

The share price of Refex Industries stood at Rs. 204.90 a piece, up by 20% in intra day trade to hit a fresh 52-week high. In the last 6 months, its share price surged by 61.34%, while this multibagger stock's share price surged by 679.09% in the last 5 years. The company's revenue from operation in Q2 FY23 increased to Rs. 35,343.39 lakh, compared to Rs. 26,519.09 lakh in the earlier quarter. Its total income stood at Rs. 35,623.71 lakh, compared to Rs. 26,745.71 lakh, establishing a strong gain.

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