Stock market today: Aavas Financiers, IndiGo and Camlin Fine Sciences hit 52-week high; check details

NIFTY50 and SENSEX trade with healthy gains for the 4th straight day. Domestic markets rose mirroring the positive trend in the US markets in yesterday’s trading session after the US Federal Reserve maintained the status quo in its policy meeting.

An ease in the foreign investor's selloff also supported the market sentiments. Although FIIs are still net sellers in March month, the intensity of outflow has eased compared to the previous few months.

As of 1:15 pm, the NIFTY50 index jumped over 250 points, or 1.1%, to 23,163. The SENSEX also gained 840 points, or 1.11%, to 76,288. As the broader markets continued their gaining spree, as many as 35 stocks hit their 52-week highs on the National Stock Exchange of India (NSE).

India’s volatility index, or India VIX, dropped 2.9% to 12.90 on Thursday. All the sectoral indices were trading in the green, with the NIFTY IT and NIFTY Oil & Gas indices being the top gainers, rising over 1.5% each.

Aavas Financiers (52-week high: ₹1,998)

Shares of Aavas Financiers Ltd jumped as much as 4% on Thursday to hit their 52-week high of ₹1,998.75 apiece on the NSE. The stock has gained in six of the past seven sessions, rising almost 17% cumulatively during this period. Over the past year, the stock is up 47%.

Aavas Financiers is a retail affordable housing finance company, primarily serving low- and middle-income self-employed customers in semi-urban and rural areas in India. The company has expressed hopes that the launch of the Pradhan Mantri Awas Yojana (PMAY) 2.0 scheme, including the interest subsidy scheme for urban housing, will be pivotal in improving loan accessibility for economically weaker sections and low-income groups.

Interglobe Aviation (52-week high: ₹5,190)

Interglobe Aviation, operator of the Indian airline IndiGo, rose as much as 4.2% on Thursday to hit their 52-week high of ₹5,190.35 apiece on NSE. The stock is up over 13% in the past month and 59% in the last one year.

IndiGo has announced plans this week to increase its international flight capacity by fiscal year 2030. According to a media report, the airline intends to raise its international capacity share from the current 28% to 40%. This marks a significant increase from just 14% international capacity share in the financial year 2018.

Welspun Corp (52-week high: ₹888.9)

Shares of Welspun Corp Ltd rallied as much as 9.8% to hit a fresh 52-week high of ₹888.9 apiece on the NSE on Thursday. The stock extended gains for the third straight day on March 20, while rising nearly 7% in the past five sessions. Shares of the company have gained more than 19% in the past month and 75.14% in the last one year.

The company, on Monday, announced receiving orders worth ₹2,400 crore for the supply of coated pipes in the United States market. The orders pertain to natural gas pipeline projects. The order will be executed largely in FY26 and FY27, the company informed the stock exchanges.

Camlin Fine Sciences (52-week high: ₹180.86)

Shares of Camlin Fine Sciences advanced as much as 1.4% on Thursday to hit their 52-week high of ₹180.86 apiece on the NSE. The stock has risen 5% in the past five trading sessions and 17% in the past month. Over the past year, the share price has rallied 85%.

Last month, Camlin Fine Sciences announced that it has entered into a share purchase agreement to acquire a majority stake in Vinpai S.A., a French ingredients technology company specializing in natural alternatives to chemical additives. Camlin expects the acquisition to enhance its product range and technological capabilities. The transaction is expected to be completed by June 30, 2025.