CARE Ratings Achieves 52-Week High Amid Strong Financial Performance and Investor Confidence

CARE Ratings has shown remarkable performance in the capital markets sector, reaching a 52-week high of Rs 1758.1, just 0.12% shy of this peak. The stock has outperformed its sector by 1.61% today, continuing a positive trend with a 4.71% increase over the last two days. Intraday, CARE Ratings peaked at Rs 1756.4, reflecting a 2.62% rise.
The company has consistently demonstrated strong financial health, boasting a low debt-to-equity ratio of 0 and achieving impressive results over the past seven quarters. Notably, its return on capital employed (ROCE) stands at a robust 23.42%, while profit before tax has surged by 68.80% to Rs 43.72 crore. Additionally, profit after tax has increased by 77.0% to Rs 42.61 crore.

With high institutional holdings at 53.13%, CARE Ratings has garnered significant confidence from larger investors, who have increased their stake by 0.87% in the last quarter. The stock has consistently outperformed the BSE 500 over the past three years, generating a remarkable 72.42% return in the last year alone.