Market News
4 min read | Updated on March 07, 2025, 14:29 IST
SUMMARY
Shares of Taj GVK Hotels & Resorts Ltd surged as much as 6.6% on Friday to hit their 52-week high of ₹503.85 per piece on the NSE. Deccan Cements Ltd shares rose as much as 9.6% on Friday, and recorded their 52-week high of ₹930 per piece on the NSE.
Stock list
Deccan Cements, Taj GVK, Camlin Fine Sciences and others hit 52-week high today; check full list | Image: Shutterstock
As many as 16 stocks hit their highest levels in 52 weeks, even as the benchmark equity indices traded flat amid volatility. After ending the previous session in the green, NIFTY50 and SENSEX opened lower on Friday and mostly remained flat amid a cautious approach from the investors.
Amid the concerns over US President Donald Trump's tariffs, volatility prevailed in Indian stock markets, while global markets also remained tense. The Trump Administration’s decision to defer tariffs on select imports from Canada and Mexico, which fall under the US-Mexico-Canada Agreement, until April 2, could not boost the investor sentiment.
The investors also remained cautious ahead of the release of the US nonfarm payrolls data and trade deficit data as well as the decision of the European Central Bank on interest rates.
As of 1:16 pm, the benchmark NIFTY 50 was trading flat at 22,548.55, up 3.85 points, or 0.02%. The BSE SENSEX, meanwhile, gained 16.07 points, or 0.02%, to trade at 74,356.16.
The volatility index, or India VIX, slipped 0.23% to 13.5. NIFTY IT and NIFTY Realty indices were among the top losers, shedding 1.4% and 1.3%, respectively. On the other hand, NIFTY Media, NIFTY Oil & Gas, and NIFTY Auto were trading in the green.
Here’s a look at the major stocks that touched their 52-week highs on March 7:
The hotels industry is pegged to have a strong upside potential going forward, thereby contributing to Taj GVK Hotels & Resorts’ stock price rally, according to experts.
In comparison, benchmark indices NIFTY50 and SENSEX have declined 5.3% and 5.7% respectively, in the past one month period.
Taj GVK Hotels & Resorts reported a strong net profit growth for the quarter ended December 31, 2025, on a year-on-year (YoY) as well as sequential basis. Its consolidated net profit rose sharply by 40% to ₹33.89 crore in the said quarter compared to ₹24.21 crore reported in the same period last year. On a quarter-on-quarter (QoQ) basis too, the company posted a stellar profit growth of 72.4% from ₹19.65 crore in the September 2024 quarter.
In the December 2024 quarter, Foreign Institutional Investors (FIIs) increased their stake in the company by 0.9% to 1.7% from 0.8% in the preceding quarter, indicating growing confidence in the stock.
On the back of increased infrastructure projects and housing demands in India, the cement industry has been experiencing growth, benefiting companies like Deccan Cements. Recent initiatives by the government on spending and expansion aimed at boosting construction and infrastructure development have created a supportive environment for cement manufacturers, further adding to the rise in Deccan Cements stock price.
The company posted a net profit of ₹80.9 crore in the quarter ended December 31, 2025, after recording a net loss of ₹4.04 crore in the September 2024 quarter, on strong tax expenses of ₹66.78 crore.
Camlin Fine Sciences Ltd (CFSL) and certain significant shareholders of Vinpai, including its founders, have entered into an agreement for the acquisition by CFSL of a majority stake in Vinpai. The acquisition would be paid in newly issued ordinary shares of CFSL, while the price retained per Vinpai share has been set at 3.6 euros.
CFSL has agreed to grant financing to Vinpai for an amount of 3.3 million euros through the subscription of bonds convertible into new shares of Vinpai.
The company’s gross margins have improved 50.1% in the December 2024 quarter compared to 48.2% in the last quarter, while it repaid an NCD of ₹100 crore in February 2025.
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