Finance1 min read

Marico among 10 stocks hitting 52-week highs; rally up to 14% in a month

By · Published by Everything Blog

In short

Ten major stocks reached fresh 52-week highs on Thursday amid a broader market rally that pushed the Sensex to close at 79,310. While top performers like Indian Hotels Company and Marico posted monthly gains of 21% and 14% respectively, others like Divi's Laboratories, GAIL (India), ICICI Bank, JSW Steel, and TVS Motor Company climbed around 10% to 11%. Adani Ports also participated in the upward momentum with an approximate 7% advance over the month. However, select names like Eternal and Kotak Mahindra Bank touched new annual peaks despite experiencing negative one-month returns.

Key points

  • The broader market rally enabled ten BSE 100 index constituents to establish fresh 52-wee…: The broader market rally enabled ten BSE 100 index constituents to establish fresh 52-week highs on Thursday.
  • A 52-week high signals elevated trading activity and heightened investor interest across…: A 52-week high signals elevated trading activity and heightened investor interest across the past twelve months.
  • Hitting an annual high does not guarantee short-term momentum, as Eternal and Kotak Mahin…: Hitting an annual high does not guarantee short-term momentum, as Eternal and Kotak Mahindra Bank registered one-month declines.

Sources checked by our analysis pipeline: 1

Benchmark Sensex climbed 2,009 points to settle at 79,310 on Thursday. Riding the market rally, 10 stocks from the BSE 100 index hit fresh 52-week highs, touching their highest price levels in the past 12 months. A 52-week high represents the highest price at which a stock has traded over the last year and may indicate heightened market activity and investor interest.

ETMarkets.com

2/11

Adani Ports

New 52-week high: Rs 1949.05 | CMP: Rs 1,897. In the last month, the stock gained about 7%.

Reuters

3/11

Divis Laboratories

New 52-week high: Rs 10,159.05 | CMP: Rs 10,150. In the last month, the stock gained about 10%.

ETMarkets.com

4/11

Eternal

New 52-week high: Rs 359.50 | CMP: Rs 357.40. In the last month, the stock declined about 11%.

ET Online

5/11

GAIL (India)

New 52-week high: Rs 189.35 | CMP: Rs 185.90. In the last month, the stock gained about 11%.

Reuters

6/11

ICICI Bank

New 52-week high: Rs 1,501.45 | CMP: Rs 1,499.30. In the last one month, the stock gained about 10%.

Agencies

7/11

Indian Hotels Company

New 52-week…

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