From deep correction to fresh peaks: 10 stocks soar from 52-week lows to new highs in just three months

ET Intelligence Group: From 52-week low to 52-week high, within three months: stocks of 10 companies with market cap above ₹10,000 crore have achieved this feat helped by robust March quarter performance, stellar FY27 outlook, and in some cases strategic partnerships and fund raising. Additionally, majority of these companies continue to trade below their respective three-year and five-year valuation multiples despite the strong momentum in their stock prices in a short period. According to an analysis by ETIG, these companies have yielded 22-65% returns from their 52-week lows in a short span of three months. The list includes Pidilite Industries, Tata Communications, Tata Capital, Zydus Lifesciences, SKF India, and Amagi Media.

Pidilite Industries, makers of Fevicol and FeviQuick adhesives, hit a 52-week high of ₹1,620 on June 25 from a low of ₹1,259.5 on April 06 driven by a revival in sales volume across retail and industrial markets in the March quarter. It also reported a 300 basis point operating margin expansion to 23% amid lower raw material costs. The stock has clocked a 26% gain so far from the lows hit in April.

Tata Communications has gained over 50% from the 52-week low of ₹1,323 hit on April 02 following multiple factors including expectations of growth revival in FY27 aided by improving operating leverage after net profit dropped by 21% past fiscal year, recent fund raising at attractive interest rate to fund short term requirements and positive scenario for enterprise communications demand.

Central Mine Planning & Design Institute (CMPDI), a public sector company that provides consultancy for coal and minerals mining, has undergone a major rerating. The company listed publicly on March 30 at a discount to offer price of ₹172 and sank to a 52-week low ₹150.3 on April 07. A strong fourth quarter performance and attractive valuation catapulted the stock to a peak of ₹267.9 on June 24. It currently trades at around ₹248, gaining 65% from the lows.

Amagi Media, which offers software solutions to global broadcasters and video streaming services, has also gained 65% from the 52-week low level amid expectations of a 15-20% increase in net profit for FY27.