Stock market today: BSE, Mazda hit 52-week high; VIP Industries at 52-week low; here’s why

As many as 23 stocks hit fresh 52-week high levels, while 27 hit 52-week lows on the National Stock Exchange of India (NSE) in morning trade on Thursday, January 16.

The broader markets are trading higher, with the benchmark NIFTY 50 index rising 106 points, or 0.46%, to 23,319 as of 1:15 pm. The BSE SENSEX also rose 337 points, or 0.44%, to 77,061.

The volatility index, or India VIX, was flat at 15.25. The NIFTY Metal and NIFTY Realty indices were the biggest gainers, up around 1.5% each. The NIFTY FMCG index was the biggest loser, down 0.9%.

BSE Ltd (52-week high: ₹6,030)

BSE shares have been in focus after multiple stock market experts have taken a bullish stance on the stock. Attractive valuations and the duopolistic nature of the exchange industry have made the BSE stock a favourite among investors.

Mazda Ltd (52-week high: ₹2,144)

Shares of Mazda, an engineering firm, have been in demand for the past few days after the company fixed January 28 as the record date for the purpose of sub-division of its shares. The company’s shareholders had earlier approved the stock split of one equity share of the company having a face value of ₹10 each, into 5 equity shares of the company havinga face value of ₹2 each.

VIP Industries (52-week low: ₹400.6)

VIP Industries was in the news earlier this month after a media report said that global private equity firm Advent International is eyeing a controlling stake in the listed luggage and travel accessories maker. This marked a revival of stake sale talks almost a year after the Dilip Piramal-led promoter group first decided to pare its stake in the company.

Mold-Tek Packaging (52-week low: ₹561)

Mold-Tek Packaging is a small-cap player in the plastic products industry. Its share price has come under pressure in recent days due to the surge in crude oil prices, which can directly impact the company's margins.