Stock market live: Waaree Renewable, Vadilal Industries, Coromandel International hit 52-week high

NIFTY50 and SENSEX defied the trend seen in global stock markets to trade higher on Friday. At 1:00 PM, the SENSEX was up 1,408 points, or 1.91%, at 75,255, while the broader NIFTY50 index rose 451 points, or 2.01%, to 22,850.

Indian markets are catching up with the earlier positive news of the US announcing a 90-day tariff break for most countries, excluding China. As per experts, many global companies are looking forward to India as their next manufacturing hub to diversify away from China amid a trade war between the US and China.

Besides this positive news, RBI’s repo rate cut to 6% earlier this week, and upbeat sentiments around Q4 earning seasons also supported today’s stock market rally.

The volatility index, or India VIX, declined over 11% to 18.89. All the sectoral indices were trading in the green, with NIFTY Metal (+4.5%), NIFTY Pharma (2.7%) and NIFTY Realty (+2.5%) among the top gainers.

Top five NIFTY50 gainers

Here’s a look at three major stocks that touched their 52-week highs on Friday:

Coromandel International (52-week high: ₹2,175)

Waaree Renewable Technologies (52-week high: ₹910)

In Q3FY25, the company reported a 15.6% YoY decline in net profit to ₹54 crore, while its consolidated revenue from operations stood at ₹360 crore, up 11.1% YoY. The company will announce its March quarter results on April 16.

Vadilal Industries (52-week high: ₹5,950)

Vadilal Industries shares rose more than 4% today to hit a 52-week high of ₹5,950 per share. So far this year, Vadilal Industries shares have zoomed more than 47% despite sluggish proformance by the broader markets.

The stock rise came after the company’s promoters, the Gandhi family, reached an arrangement for the management of the business and operations on March 30.