HCL Technologies and KIMS Hospitals hit 52-week highs amid a weak market

Indian benchmark indices corrected more than 1.5% on Monday after the rising dollar index, unabated FII selling and treasury yields put pressure on Indian stocks. Further, the Indian rupee hit a record low against the US dollar on Monday, and oil prices jumped more than 4% in two sessions, eroding investor confidence. The broader markets witnessed a bigger crash, as NIFTY Midcap 100 and Smallcap 100 indices fell over 4% on Monday. Amid the bloodbath on D-Street, two stocks hit the 52-week high mark on Monday.

HCL Technologies

HCL Technologies is a leading provider of IT and business services, engineering and R&D services, modernised software products, and IP-led offerings. It delivers solutions across the following verticals: Financial Services, Manufacturing, Life Sciences and Healthcare, Public Services, Retail and CPG, Technology and services, Telecom, Media, Publishing, and Entertainment.

Krishna Institute of Medical Sciences (KIMS)

Krishna Institute of Medical Sciences (KIMS) operates multispecialty hospitals under the “KIMS Hospitals” brand. In terms of the number of patients treated and treatments offered, it is one of the largest corporate healthcare groups in AP and Telangana. It also provides multidisciplinary integrated healthcare services across Tier-1, Tier-2, and Tier-3 cities.