Stock market highlights: Kotak Mahindra Bank, Kamat Hotels, SRF hit 52-week high; check details

NIFTY and SENSEX are trading higher for the second straight day this week. Domestic markets bounced back strongly reacting to positive moves in the Asian and US markets, while ease in geopolitical tensions also led to improved investor sentiments.

NIFTY 50 index jumped 325 points, or 1.45%, to close at 22,834. SENSEX also gained 1,131 points, or 1.53% to close at 75,301. As broader markets bounced back in the green on Tuesday, March 18, as many as 30 stocks hit their 52-week high levels on the National Stock Exchange of India (NSE).

India’s volatility index, or India VIX, slipped 0.6% to 13.34 on Tuesday. All the sectoral indices were trading in the green, with NIFTY Media, NIFTY Realty and NIFTY Metal jumping 2% each to emerge as the top gainers.

Kotak Mahindra Bank (52-week high: ₹2,039)

Recent data showed that the number of mutual fund schemes holding Kotak Mahindra Bank shares grew to 430 in February 2025 compared to 398 in January 2025, indicating that financial analysts and experts are showing high interest in the stock. Kotak Mahindra Bank shares closed 2.11% higher at ₹2,035.1.

SRF Ltd (52-week high: ₹3,038.5)

Last week, SRF announced that it will enter into the cast polypropylene (CPP) film business by acquiring the entire plant and machinery of Kanpur Plastipack Ltd (KPL) for ₹49.25 crore. SRF said it has already entered into a binding agreement to purchase the plant and machinery, along with spare parts related to CPP films. The stock closed 0.74% lower at ₹2,988 per share.

Kamat Hotels (India) (52-week high: ₹353.6)

The company recently signed a management agreement to manage and operate the 54-room Orchid Hotel in Rishikesh, Uttarakhand. The hotel is expected to commence operations by July 2025. Before that, Kamat Hotels had signed a new property deal late in February with SCD Resort Properties in Kutch, Gujarat. The Orchid in Mandvi, Kutch, is a 153-room premium property and is expected to be completed in 18-24 months. Kamat Hotels shares closed 3.25% lower at ₹327.1.

Axiscades Technologies (52-week high: ₹915.2)

The stock is creating a buzz after the company announced last week that its subsidiary Mistral Solutions has entered into a strategic partnership with Altera, an Intel company. Under the collaboration, both companies will advance high-performance computing solutions for mission-critical defence applications.