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  5. These 3 stocks hit 52-week high today, rallied up to 9.4% in November month; check full list

Market News

These 3 stocks hit 52-week high today, rallied up to 9.4% in November month; check full list

Upstox
By Upstox News Desk

3 min read | Updated on November 26, 2024, 12:44 IST

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SUMMARY

HDFC Bank Ltd shares rose as much as 1.4% to hit its 52-week high of ₹1,810 apiece on the NSE on Tuesday. The share price had jumped 2.3% in the previous session as well. Shares of IT company Wipro Ltd gained over 1% to hit its 52-week high of ₹589.8 apiece on the NSE. The stock has gained over 3% in the past five trading sessions.

Stock list

HDFCBANK
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WIPRO
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THYROCARE
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52 Week High.webp

Ganesha Ecosphere, Kiri Industries, and Garware Technical Fibres hit new highs amid mixed market sentiment

As many as 61 securities hit their 52-week high on the National Stock Exchange of India (NSE) on Tuesday, November 26, on a day when the broader markets were mostly flat.

At 12:05 pm, the benchmark Nifty 50 index was trading at 24,183, down 38 points, or 0.16%. Meanwhile, the BSE Sensex slipped 132 points, or 0.17%, to 79,977. The volatility index, or India VIX, was up 1.9% to 15.6. All major indices were trading in the green but with mild gains.

Here’s a look at three major stocks that touched their 52-week highs on Monday, November 25, 2024:

HDFC Bank Ltd (52-week high: ₹1,810)

HDFC Bank Ltd shares rose as much as 1.4% to hit its 52-week high of ₹1,810 apiece on the NSE on Tuesday. The share price had jumped 2.3% in the previous session as well. The rally was triggered by an anticipated increase in the bank’s MSCI index weightage, which was to come into effect on Monday. This is expected to draw massive foreign inflows to the stock counter.

According to reports, the turnover at HDFC Bank counter hit a record $4.6 billion on Monday, with the bulk of the trading activity occurring in the final half-hour of the session.

The stock has gained almost 17% in the past one year. However, year-to-date, it is up only 4.1%. At 12:05 pm, shares of the banking giant traded at ₹1,776, down 0.54% amid profit booking.

Wipro Ltd (52-week high: ₹589.8)

Shares of IT company Wipro Ltd gained over 1% to hit its 52-week high of ₹589.8 apiece on the NSE. The stock has gained over 3% in the past five trading sessions and 5.1% so far this month.

Wipro announced Omkar Nisal’s appointment as the chief executive officer of the Europe Strategic Market Unit (SMU) on Monday, effective immediately. Before that, the company was in the news for the issue of bonus shares to eligible shareholders in a 1:1 ratio. The bonus will grant one bonus equity share of ₹2 each for every fully paid-up share held. The record date for the bonus issue has been fixed as December 3, 2024.

The company’s recent Q2 results showed consolidated profit rose 6.85% on a quarter-on-quarter basis to ₹3,208.8 crore in the September quarter from Rs 3,003.2 crore in the previous quarter. Revenue grew 1.5% quarter-on-quarter to ₹22,301.6 crore from ₹21,963.8 crore in Q1FY25.

Thyrocare Technologies (52-week high: ₹1,030.9)

Shares of Thyrocare Technologies Ltd, a leading diagnostics company, jumped over 2% in trade on Tuesday to hit its 52-week high of ₹1,030 apiece on the NSE. The stock has jumped almost 7% in the past five sessions and 9.4% so far this month.

The company’s solid second-quarter numbers had fuelled investor optimism around the share price. Compared with a year ago, the company’s standalone net profit rose over 31% to ₹26.67 crore in the September quarter, while revenue jumped 20% to ₹177.36 crore in the period.

Other stocks that hit a 52-week high

Other companies that hit their 52-week highs on Tuesday include Cartrade Tech Ltd, 3P Land Holdings Ltd, Afcons Infrastructure Ltd, Coforge, EID Parry India Ltd, Cigniti Technologies Ltd, Jagsonpal Pharmaceuticals Ltd, Kaynes Technology India Ltd, Kitex Garments Ltd, K.P. Energy Ltd and Vimta Labs Ltd.

About The Author

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

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