GTL Infrastructure, Jubilant Life Sciences, Agarwal Industrial Corporation, Dishman Pharmaceuticals and Chemicals, Energy Development Company, IDFC Bank, JK Lakshmi Cement and Lakshmi Energy and Foods, TVS Motor Company and Reliance Industries were among 69 stocks that hit fresh 52-week high on NSE on Friday as stock markets gave up their Thursday’s gain and closed lower following profit-booking by investors. The 30-share Sensex slipped 104.91 points to close at 28,668.22 on Friday, while the index had surged 265.71 points on Thursday following their global counterparts after the US Federal Reserve left rates unchanged. The NSE Nifty settled 35.90 points lower at 8,831.55 on Friday.
On Nifty’s slide on Friday, Jayant Manglik, president, retail distribution, Religare Securities Ltd said, “Nifty edged marginally lower on Friday and lost nearly half a percent, tracking decline in select index majors. Weakness in Asian counterparts was weighing on sentiments in the beginning but news of centre and states agreeing on completion of all the work for implementation of GST on targeted date, off-set that negativity and capped downside. Among sectoral indices, banking was the weak link while majority ended on flat note.”
Other stocks that hit fresh 52-week high on Friday were Steel Strips Wheels, Sarda Energy & Minerals, Reliance Capital, Raymond, Kirloskar Oil Engines, KNR Constructions, MRF, Orient Refractories, Rama Steel Tubes, Kesoram Industries, Kaushalya Infrastructure Development Corporation, Indian Metals & Ferro Alloys, Dalmia Bharat, Eicher Motors and Energy Development Company.
There were 22 stocks that hit fresh 52-week-low on Friday, which included Bil Energy Systems, Future Enterprises, GEI Industrial Systems, Kridhan Infra, Mandhana Industries, Mold-Tek Technologies, Ruchi Infrastructure, Sab Events & Governance Now Media, Swelect Energy Systems and TD Power Systems.