Godrej Properties, Bharat Forge, Canara Bank, Dewan Housing Finance Corporation, Fertilizers and Chemicals Travancore, Fortis Healthcare, Dhanlaxmi Bank, Indiabulls Housing Finance, GIC Housing Finance, Ingersoll Rand (India), Indian Oil Corporation, IRB Infrastructure Developers, Kotak Mahindra Bank, Monnet Ispat and Energy, Motherson Sumi Systems were among 122 stocks that hit their 52-week high on NSE on Wednesday as stock markets ended lacklustre. The 30-share index resumed higher at 29,984.95 and quickly reclaimed the 30,000-mark to hit a high of 30,020.59. However, it fell to 29,846.57 on profit-booking, before ending at 29,894.80, showing a loss of 26.38 points or 0.09 per cent. The 50-share NSE Nifty moved down by 1.85 points or 0.02 per cent to 9,311.95 after shuttling between 9,346.30 and 9,298.40.
Godrej Properties remained a buzzing stocks in Wednesday’s trade and hit record high after the company said it has sold over 1,000 apartments since March in Mumbai, Pune and Noida. Share price of the company closed 6.56 per cent up at Rs 539.50 on NSE.
On Wednesday’s market movement, Sameet Chavan, chief analyst- Technical & Derivatives, Angel Broking said, “The Nifty ended the session on a flat note by successfully defending the 9300 mark on a closing basis. Today’s session was clearly one of the lackluster days that we generally witness in a consolidation phase. Since, there is no major action seen during the day, the chart structure remains unchanged.”
Asian Hotels (North), Emkay Global Financial Services, Future Retail, Ganesh Housing Corporation, Housing Development Finance Corporation, LIC Housing Finance, Manaksia Industries, Oriental Bank of Commerce, Power Grid Corporation of India, RBL Bank and Tourism Finance Corporation of India were among other stocks that hit their 52-week high on NSE on Wednesday.
However, Abbott India, Aurobindo Pharma, Kaushalya Infrastructure Development Corporation, Green Fire Agri Commodities, Prakash Steelage, SRS and TGB Banquets And Hotels were among 18 stocks that hit their 52-week low on NSE on Wednesday.