Chalet Hotels and 2 other stocks hit 52-week high today; check full list

In a volatile session on Friday, December 13, the National Stock Exchange of India (NSE) saw only 53 securities hit their 52-week highs as broader markets reeled under pressure.

At 12:20 pm, the NIFTY 50 index was up 30 points, or 0.12%, to 24,578. The BSE SENSEX, meanwhile, trades 180 points higher at 81,472, up 0.22%.

The volatility index, or India VIX, surged nearly 4% to 13.73. All the sectoral indices were trading in the red, with the realty, pharma and banking indices being the biggest losers.

Crisil (52-week high: ₹5,788)

Earlier this week, Crisil announced that its board of directors has approved an investment of ₹33.25 crore in Online PSB Loans Ltd's equity capital to acquire a 4.08% stake in the company. Online PSB Loans is a pioneer in the digital MSME credit infrastructure ecosystem. It specialises in connecting MSMEs with financial institutions, offering digital lending solutions, including PSB loans in 59 minutes and various other credit facilities.

The transaction is expected to be completed within 45 days of the definitive shareholders’ agreement's execution, subject to mutually agreed-upon extensions amongst the parties.

Chalet Hotels (52-week high: ₹1,052)

Shares of international high-end hotel operator Chalet Hotels Ltd. gained as much as 3.5% in intraday trade on Friday to hit their 52-week high of ₹1,052.45 apiece on the NSE. However, the stock later trimmed all its gains to trade in the negative amid a broader market selloff. Notably, the stock had rallied 9.7% in the previous session on Thursday and is up 19% in the past month.

Earlier this week, Chalet Hotels managing director Sanjay Sethi told a media house that despite a slight lull in bookings post-December, the hotel season is expected to rebound strongly in January and remain robust through March. He mentioned that although demand for leisure travel is growing, Chalet Hotels’ portfolio remains focused on business travel, with only 5% dedicated to leisure. Sethi added that the company’s new property in Goa would increase this to 10-11%.

Chalet Hotels currently operates 10 high-end hotels and resorts, offering a total of 3,052 keys, in partnership with globally recognised hospitality brands such as JW Marriott, The Westin, and Novotel.

VST Tillers Tractors (52-week high: ₹5,286)

The sentiment around the stock price has been positive after Antony Cherukara, CEO of VST Tillers Tractors, said in an interview with a media house earlier this week that the company was aiming for over 20% revenue growth in 2024-25, building on the ₹500 crore revenue recorded during the first half of the year.

He added that VST Tillers was exploring opportunities for inorganic growth and geographical expansion, though no specific deals were finalised.