Amrutanjan Health Care, Arvind SmartSpaces, Allahabad Bank, Bhansali Engineering Polymers, C & C Constructions, CG Power and Industrial Solutions, Britannia Industries, Crompton Greaves Consumer Electricals, Eveready Industries, Future Retail, Gayatri Projects, Havells India, JK Cement, Maruti Suzuki India, PTC India Financial Services, Shalimar Paints, Shree Cements, V-Guard Industries, Voltas and The Western India Plywoods were among 95 stocks that hit their 52-week high on NSE on Thursday. Domestic stock markets ended flat on Thursday with BSE Sensex closing at 30,250.98, up 2.81 points and Nifty settling 15.10 points up at 9,422.40.
On Thursday’s movement, Sameet Chavan, chief analyst- Technical & Derivatives, Angel Broking said, “Today, most of the Asian bourses were trading on a cheerful note, which eventually had a rub-off effect on our market. The Nifty opened with a decent upside gap and registered a new record high in the opening trades. However, some of the cautious traders chose to take some money off the table; resulting into trimming of early morning gains to end the session slightly in the positive territory. The profit booking was mainly seen in Oil & Gas, Capital Goods and Banking counters.”
Havells India stocks hit its 52-week high after the consumer electricals firm said it would exit from the global market by selling remaining 20 per cent stake in its European lighting business Sylvania to China’s Feilo Acoustics for 34.5 million euros (Rs 241.94 crore). The company also reported its fourth quarter results and posted decline of 74.10 per cent in its standalone net profit at Rs 94.70 crore for the March quarter.
Ballarpur Industries, Adani Ports and Special Economic Zone, AksharChem, Eicher Motors, Euro Multivision, Indo Thai Securities, MEP Infrastructure Developers, JK Paper, Sharda Cropchem, Shree Cements, Sterling Tools, Suzlon Energy and Walchandnagar Industries were other stocks that hit their 52-week high.
However, ATN International, Flexituff International, Hindustan Dorr-Oliver, Rasoya Proteins, Shekhawati Poly-Yarn and Viji Finance were among 15 stocks that hit their 52-week low on NSE.