return to news
  1. Upstox
    /
  2. News
    /
  3. Market News
    /
  4. Stocks
    /
  5. Oberoi Realty, 63 Moons, Medplus Health shares hit a 52-week high: Here’s why

Market News

Oberoi Realty, 63 Moons, Medplus Health shares hit a 52-week high: Here’s why

Upstox
By Upstox News Desk

3 min read | Updated on December 03, 2024, 13:03 IST

Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

Shares of leading Mumbai-based real estate company Oberoi Realty Ltd gained as much as 2.3% to hit their 52-week high of ₹2,119.25 apiece on the NSE.

Stock list

OBEROIRLTY
--
63MOONS
--
MEDPLUS
--
Trading5 (1).webp

Oberoi Realty to 63 Moons Technologies: These stocks rally over 2% to hit 52-week highs

As many as 91 securities hit their 52-week high on the National Stock Exchange of India (NSE) on Tuesday, December 3, amid a positive sentiment in the broader markets.

At 1:00 pm, the NIFTY50 index traded at 24,429, up 153 points, or 0.6%. Meanwhile, the BSE SENSEX jumped 558 points, or 0.70, to 80,806.

The volatility index, or India VIX, was down 2.24% to 14.37. Among sectoral indices, the Bank, Oil and Gas and Media indices were among the biggest gainers, while the FMCG, Realty and Consumer Durables indices were the biggest losers.

Here’s a look at three major stocks that touched their 52-week highs on Tuesday, December 3:

Oberoi Realty (52-week high: ₹2,119.25)

Shares of leading Mumbai-based real estate company Oberoi Realty Ltd gained as much as 2.3% to hit their 52-week high of ₹2,119.25 apiece on the NSE on Tuesday. The stock had risen over 3% in the previous session as well amid a broader rally in real estate stocks after a report said that housing prices across the top eight markets in India has risen 11% to ₹11,000 per sqft during the September quarter on strong demand.

Oberoi Realty was also in the news recently after its MD and chairman, Vikas Oberoi, announced that the company was set to open a second mall in Mumbai’s Borivali area by January 2025. The company’s first project outside the Mumbai Metropolitan Region (MMR) in Gurugram is also currently under approval and is expected to be launched by the first or second quarter of FY26.

63 Moons Technologies (52-week high: ₹696)

Shares of 63 Moons Technologies Ltd (erstwhile Financial Technologies) gained 1.4% on Tuesday to hit their 52-week high of ₹696 apiece on the NSE. The stock has been rising for the past six consecutive sessions and has gained over 20% cumulatively during this period. At 1:00 pm, stock eased morning gains to trade 0.38% lower at ₹683.6 per share.

The company was recently in the news after its group company, National Spot Exchange Ltd (NSEL) and brokers involved in the payment default case proposed to settle the matter by paying ₹1,950 crore to investors. This one-time settlement proposal equals about 42% of the principal amount of ₹4,650 crore due to unpaid investors.

Medplus Health Services (52-week high: ₹831.15)

Shares of Medplus Health Services traded up as much as 2% on Tuesday to hit their 52-week high of ₹831.15 apiece on NSE. The stock has risen 9% in the past five sessions and almost 22% in the past one month.

Last month, one of the largest investors in Medplus Health Services, PI Opportunities Fund, along with SBI Mutual Fund, had offloaded as many as 79 lakh shares in the company, representing 6.6% of the total outstanding equity, through open market transactions. The deal was executed at an average price of ₹700 per piece at a total deal value of ₹553 crore.

Among buyers, Invesco Mutual Fund and Kotak Mahindra Mutual Fund had acquired 2.6% each; Franklin Templeton Mutual Fund bought another 1.3% of equity, while Morgan Stanley Asia picked up the remaining 1.4 lakh shares.

Other stocks that hit 52-week high: Shares that hit their 52-week highs on Tuesday include Deepak Fertilizers and Petrochemicals Corp. Ltd, Affle (India) Ltd, Aartech Solonics Ltd, Banaras Beads Ltd, Salzer Electronics Ltd, Divi’s Laboratories Ltd, PB Fintech Ltd, Precision Camshafts Ltd, Synergy Green Industries Ltd, Zuari Agro Chemicals Ltd, Genus Power Infrastructures Ltd, Indian Metals and Ferro Alloys Ltd, Indraprastha Medical Corp. Ltd and Vimta Labs Ltd, among others.

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

Next Story