Market News
3 min read | Updated on January 03, 2025, 12:58 IST
SUMMARY
Shares of Mahindra and Mahindra Ltd (M&M) rose 0.8% to hit their 52-week high of ₹3,237.05 apiece on the NSE on Friday after strong December sales data. Shares of Eicher Motors Ltd inched up 1% higher on Friday to hit their 52-week high of ₹5,360 apiece on the NSE, but later erased all their gains to trade in the red.
Stock list
52-Week High Stocks Today: Eicher Motors, M&M, HCL Tech and 60 others hit year-high, check full list
As many as 63 stocks hit their highest levels in 52 weeks on the National Stock Exchange of India (NSE) on Friday, January 3, even as the broader markets traded in the negative zone.
As of 11:46 am, the NIFTY 50 index was trading at 24,117.8, down 70.85 points, or 0.29%. The BSE SENSEX, meanwhile, was trading at 79,679.09, down 264.62 points, or 0.33%.
The volatility index, or India VIX, was down 2.77% to 13.36. Among sectoral indices, the IT index was the biggest loser, down 1.5%, while the Media index was the top gainer, up 2%.
Here’s a look at three major stocks that touched their 52-week highs on Friday, January 3, 2025.
Eicher Motors shares are now up more than 10% in the last one month and 37% in the past year.
M&M on Wednesday reported a 16% rise in its total automotive sales for December to 69,768 units. The company achieved domestic sales of 41,424 vehicles in the utility vehicle category, up 18% from a year ago. Commercial vehicle domestic sales reached 19,502 units.
HCL Technologies was in the news this week after a research report said that Indian IT services firms, including HCL, stand to benefit from potential H-1B visa reforms despite their small share of visa sponsorships. The proposed changes may boost the offshoring model in India amid challenges like the flat wage proposal and local talent shortages in the United States.
Other stocks that hit 52-week high: Tilaknagar Industries Ltd, United Spirits Ltd, Coromandel International Ltd, BLS International Services Ltd, IPCA Laboratories Ltd, Jubilant Foodworks Ltd, Info Edge (India) Ltd, Muthoot Finance Ltd, Firstsource Solutions Ltd, EPACK Durable Ltd and Atlas Cycles (Haryana) Ltd, among others.
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