What are All Time High Stocks? List of Shares at their All Time Highs for 2024

An all-time high in stocks marks the highest price a company stock has reached since its listing. This peak value can signal strong investor confidence and solid company performance. This peak value attracts many investors and invites questions surrounding these all time high stocks. This article explores a list of the top all time high stocks in India in 2024 and also discusses how to invest in them!

Fundamentally Strong All Time High Stocks in NIFTY  in 2024

Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.

• Stock Universe: NIFTY 500
• % Away from 52W High: Sorted from Lowest to Highest
• Net Income: Positive 
• Debt-to-Equity Ratio: Set to Low

Note: The data on the all time high stock list is from 24th July 2024. This data is derived from Tickertape Stock Screener.
🚀 Pro Tip: You can use Tickertape’s Stock Screener to research and evaluate stocks with over 200+ filters and parameters.

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Best All Time High Stocks: An Overview

United Spirits Ltd

On 24th July 2024, United Spirits Ltd’s shares surged 6.5% to a record high of Rs 1,417.30 following their positive earnings report for April to June. The company’s net profit increased by 2% to Rs 485 cr. in Q1 FY25, up from Rs 477 cr. The company’s revenue grew 3.5% to Rs 2,761 cr., compared to Rs 2,667 cr. in the same period last year. Analysts noted the company’s significant 170 bps margin expansion. United Spirits Ltd achieved an EBITDA margin of 19.5% in the June quarter, attributed to their cost optimisation efforts.

Dr Reddy’s Laboratories Ltd

Dr. Reddy’s Laboratories, an Indian multinational pharmaceutical company based in Hyderabad, was founded by Kallam Anji Reddy, a former employee of Indian Drugs and Pharmaceuticals Limited. The company manufactures and markets a broad range of pharmaceuticals both in India and internationally. Over the last 5 years, the company’s revenue has grown at a yearly rate of 12.81%, higher than the industry average of 8.96%, and its market share increased from 6.99% to 7.86%. 

Infosys Ltd

Infosys Limited is an Indian multinational company that offers business consulting, IT, and outsourcing services. It was founded in Pune and has its headquarters in Bangalore. Over the last 5 years, the company’s revenue has grown at a yearly rate of 13.11%, higher than the industry average of 11.53%. In the same period, the company’s net income has grown at a yearly rate of 11.24%, also higher than the industry average of 8.38%, and its market share increased from 18.1% to 20.24%. 

PI Industries Ltd

PI Industries Ltd, a major agrochemical player, excels in domestic and export markets. The company boasts advanced facilities in Gujarat, featuring integrated process development teams and in-house engineering capabilities. Over the last 5 years, the company’s revenue has grown at a yearly rate of 22.14%, higher than the industry average of 11.14%. In the same period, the company’s net income has grown at a yearly rate of 32.6%, also higher than the industry average of 7.83%, and its market share increased from 5.33% to 8.52%. 

Tata Consumer Products Ltd

Tata Consumer Products Limited, part of the Tata Group, is a leading Indian FMCG company. Headquartered in Mumbai with its registered office in Kolkata, Tata Consumer Products ranks as the world’s second-largest tea producer and distributor and is also a major coffee producer. Over the last 5 years, the company’s revenue has grown at a yearly rate of 15.84%, higher than the industry average of 9.47%. In the same period, the company’s net income has grown at a yearly rate of 23.02%, also higher than the industry average of 4.21%, and its market share increased from 26.85% to 38.38%.

Dr. Lal PathLabs Ltd

Dr Lal PathLabs Limited is based in New Delhi, India. The company provides diagnostic and healthcare tests. The company conducts tests on blood, urine, and other body tissues. Over the last 5 years, the company’s revenue has grown at a yearly rate of 12.94%, higher than the industry average of 10.07%. The company’s market share increased from 3.39% to 3.74% in the same period. 

Mphasis Ltd

Mphasis Limited, headquartered in Bangalore, is an Indian multinational IT services and consulting firm that offers infrastructure technology and applications outsourcing, architecture guidance, application development, integration, and management services. Over the last 5 years, the company’s market share increased from 1.67% to 1.72%. As of 24th July 2024, the midcap company’s market capitalisation is Rs. 55,538 cr. 

Grasim Industries Ltd

Grasim Industries Limited, part of the Aditya Birla Group, is one of India’s top publicly listed companies. Founded in 1947 as a textiles manufacturer, it has grown into a diversified leader in various sectors. Grasim is a major global producer of cellulosic fibres and chemicals and a top producer of fashion yarn and fabrics in India. Over the last 5 years, the company’s net income has grown at a yearly rate of 12.9%, higher than the industry average of 12.4%.

Sumitomo Chemical India Ltd

Sumitomo Chemical India Limited, a subsidiary of Sumitomo Chemical Company Limited, operates in the manufacture and sale of insecticides, pesticides, and animal nutrition products. Established in 2000 and based in Mumbai, the company serves both domestic and international markets. Over the last 5 years, the company’s net income has grown at a yearly rate of 17.39%, higher than the industry average of 3.52% and its market share increased from 2.59% to 2.61%.

Colgate-Palmolive (India) Ltd

Colgate-Palmolive (India) Limited, established in 1937 and based in Mumbai, manufactures and sells personal and oral care products across India. Its product range includes toothpastes, toothpowder, toothbrushes, mouthwash, hand washes, and shower gels, all under the Colgate brand. The company also offers soaps, cosmetics, and toilet preparations and exports its products internationally. Over the last 5 years, the company’s net income has grown at a yearly rate of 11.28%, higher than the industry average of -4.25% and its market share increased from 10.96% to 11.04%.

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What are All Time High Stocks?

All time high stocks are stocks whose prices have reached their highest peaks since their listing. Imagine it like a car setting a new speed record: just as the car surpasses its previous top speed, the stock has exceeded all its past prices. Investors can often view these peaks as an indicator of the company’s strong performance and potential for further growth, but it can also prompt concerns about whether the stock might be overpriced. An all time high can show that the market views the company’s performance as exceptionally strong.

What is an All Time High in the Stock Market?

It can reflect a growing economy when the market is at an “all time high”. Investing at these peaks can be challenging. From 1991 to March 2024, the market hit an “all time high” 22 times in 33 years and 3 months, averaging about every 1.5 years. Notably, the market has reached an “all time high” each year for the past eight years.

How to Invest in All Time High Stocks in India?

Here is how one can invest in all time high breakout stocks in India:

1. Open a demat/trading/stockbroker account if you don’t have one already. One can open a demat account on smallcase!

2. Search for stocks that have reached their all time highs. 

3. Investors can utilise online screeners like the Tickertape Stocks Screener to conduct thorough research on these stocks. There are 200+ filters available for investors to use and conduct research on the past performance of these all time high stocks. 

4. Place a ‘Buy’ order on the all time high stocks of your choice. 
Note: Investors should conduct thorough research into their investments and consult a financial advisor before investing.

Features of All Time High Stocks in India

Here are a few key features that all time high stocks in India may have:

• Peak Price: The stock price has reached its highest price point ever recorded.
• Strong Performance: This can often indicate that the company has performed exceptionally well.
• Market Confidence: Investors may view the stock as a sign of strong future growth potential.
• Potential Overvaluation: High prices can raise concerns about whether the stock is overpriced.
• Milestone: It can be considered a significant achievement. It can suggest that the company excels in the market.

How to Choose the Best All Time High Stocks?

Here are a few parameters that may be important when choosing stocks at an all time highj for your portfolio:

• Total Revenue: Steady year-on-year (YoY) growth in a company’s total revenue can be crucial for its future prospects. Investors can avoid stocks hitting all time highs without revenue growth.
• Diluted Earnings Per Share (EPS): Unlike basic EPS, diluted EPS includes potential shares from convertible securities, providing a more accurate measure of earnings. An increasing diluted EPS year-on-year can indicate growing shareholder value.
• Price-to-Earnings (PE) Ratio: The PE ratio compares a stock’s current price to its EPS, helping assess if it’s overvalued or undervalued. A high PE ratio can suggest a high expected growth and a willingness to pay a premium, while a low PE ratio may indicate undervaluation or growth challenges.
• Relative Strength (RS): This measures a stock’s performance compared to the Indian benchmark index, NIFTY 50. A positive RS can mean that the stock is outperforming the benchmark. This can indicate a strong momentum. A negative RS suggests underperformance. Investors can use RS scans to identify stocks outperforming the index. Investors can look for NIFTY 50 all time high stocks if they want to invest within the index. 

Who Should Invest in All Time High Stocks?

Here are a few potential types of investors that may be interest in all time high stocks:

• Growth Investors: Growth investors seek companies with high potential for significant capital appreciation. They focus on stocks demonstrating robust performance and strong momentum, as these can often indicate future growth prospects. All time high stocks or stocks near all time highs can represent companies with proven success and potential for continued upward movement for growth investors.
• Momentum Traders: Momentum traders thrive on short-term price movements and market trends. They leverage technical indicators like RS and RSI to identify stocks with strong momentum. This can often be found at all time highs. These traders aim to capitalise on the momentum. They aim at buying high with the expectation of selling even higher in the near term.
• Long-Term Investors: Long-term investors look for companies with solid fundamentals and a history of steady growth. Stocks reaching all time highs can belong to companies with strong revenue growth, increasing diluted EPS, and favourable PE ratios. Long-term investors might see these stocks as reliable additions to their portfolios.
• Risk-Tolerant Investors: Investing in all time high stocks can be risky, as prices may drop from peak levels. Risk-tolerant investors, who are comfortable with potential market volatility and short-term losses, might find these stocks appealing. They often have a diversified portfolio and are willing to take calculated risks for the possibility of high returns.
• Sector Enthusiasts: Investors with a deep understanding of specific sectors may be drawn to all time high stocks within their areas of expertise. Their knowledge enables them to identify companies likely to maintain or surpass their peak performance, making informed decisions based on industry trends and potential.

Benefits of Investing in All Time High Stocks

Here are a few potential benefits of investing in stocks that have reached their all time highs:

• Indication of Strong Momentum: All time high NSE stocks can often exhibit strong momentum. This can suggest a robust performance and potential for continued growth. Historical data indicates that stocks hitting new highs have often continued to perform well, reflecting strong underlying fundamentals and investor confidence​. 
• Market Trends and Sentiment: Stocks at all time highs can reflect positive market trends and overall investor sentiment. This can often be an indicator that companies are performing well, economies are stable, and future prospects are promising. This can be particularly beneficial for investors seeking to capitalise on upward market trends​.
• Effective Portfolio Rebalancing: All time highs can offer a strategic point for portfolio rebalancing. By reallocating assets when the market is high, investors can lock in gains and adjust their portfolios to manage risk more effectively. This disciplined approach helps maintain a balanced asset allocation and can enhance long-term returns by reducing volatility​. 

Risks of Investing in All Time High Stocks

Here are a few risks that investors may face when investing in all time high stocks:

• Market Volatility: Investing at peak levels can expose investors to heightened market volatility. Stocks at their highest prices might experience sharp corrections driven by profit-taking or changes in market sentiment. While all time highs can lead to further gains, they can also precede significant downturns​​.
• Overvaluation: NSE all time high stocks might be overvalued. This means that their prices do not accurately reflect their intrinsic value. High Price-to-Earnings (P/E) ratios can indicate that investors expect continued growth, but if a company’s future earnings fail to meet these expectations, the stock price can drop sharply​.​
• Economic and Geopolitical Risks: The broader economic environment and geopolitical events can significantly impact stock prices. Factors such as interest rate changes, inflation, and international tensions can​ contribute to market shifts. This can disproportionately affect stocks bough at their all time highs.

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To Wrap It Up…

Investing in all time high stocks can offer both significant opportunities and considerable risks. While these stocks can indicate strong momentum and potential for further growth, they also carry the dangers of overvaluation, market volatility, and psychological biases. Investors must approach such investments with a clear strategy and thorough research. While an all time high or a 52-week high can be an attractive parameter, investors should analyse the parameters that caused such a surge and make informed decisions. 

Frequently Asked Questions About All Time High Stocks