Kfin Technologies, 3 other stocks hit 52-week high today; check full list

As many as 31 securities hit their 52-week high levels on the National Stock Exchange of India (NSE) on Tuesday, December 24, as the broader markets traded with mild gains.

At 12:45 pm, the NIFTY 50 index traded at 23,719, up 38 points, or 0.16%. The BSE SENSEX, meanwhile, was trading at 78,649, up 109 points, or 0.14%.

The volatility index, or India VIX, was down 1.55% at 13.31. Among sectoral indices, the oil and gas index was the biggest gainer, up 1.2%, while the metal index was the biggest loser, down 0.8%.

Amber Enterprises India (52-week high: ₹7,498)

The recent rally came after a media report said that Amber Enterprises wanted to demerge its electronics division. The report said that the company might float an IPO soon after the demerger is completed. According to the report, the company has already appointed bankers for the demerger and the subsequent IPO of the electronics division.

Aditya Birla Money (52-week high: ₹303.72)

Aditya Birla Money is engaged in securities broking, portfolio management services, commodity broking services, demat services, research, e-insurance repository solutions, and the distribution of other financial products.

Kfin Technologies (52-week high: ₹1,524.70)

The stock is rising amid robust capital market activity and a gain in market share. Last week, the company also announced that it has joined BlackRock’s Aladdin Provider network to standardise and improve its operating model with asset managers.

The collaboration will see the company join a growing community of the world's largest asset servicers enabling it to offer differentiated fund administration and accounting services to clients.

Shakti Pumps (India) (52-week high: ₹1,015)

The recent leg of the rally has been triggered by the company’s announcement earlier this month saying that it has secured a ₹754.30 crore order (inclusive of GST) from Maharashtra State Electricity Distribution Co. Ltd.