These three NSE stocks surged over 15% and hit a 52-week high today; Keep them on your watchlist for tomorrow

Today, the broader indices, NSE Nifty50 and BSE Sensex, concluded the day on a positive note. The Nifty50 index commenced trading at 19,651.40, reflecting a favourable start in comparison to Monday’s closing level of 19,443.55. Throughout the intraday session, it surged to a high of 19,693.20 and dipped to a low of 19,579.65, ultimately settling the day at 19,675.45. This marked a gain of 231.90 points or 1.19% from the previous day’s closing level.

Among the 50 stocks, 45 closed in the green, while the remaining five closed in the red. Additionally, 188 stocks reached their 52-week high levels among all the listed stocks on the NSE. Conversely, the BSE Sensex index also closed positively at 65,676.93, signifying a 742-point increase compared to its previous day’s closing level. Now, let’s delve into each of the three stocks individually for further analysis.

In this article, we will explore the top three stocks that reached their 52-week highs and surged over 15%, along with their price charts on a weekly time frame.

Bang Overseas Limited

Bang Overseas Limited was incorporated in 1992 as a company specialising in the production and exportation of men’s wear, operating across India and Macedonia. Additionally, the company offers a spectrum of services encompassing concept development, design, manufacturing, logistics, and marketing.

Today, the stock opened at Rs 48 per share, experienced a significant 19.96% rally throughout the day and ultimately closed at Rs 56.50 per share. Notably, the company’s stock not only reached its 52-week high but also hit its upper circuit price limit for the day. The current market capitalisation of the company stands at Rs 76 crore. Furthermore, the stock has delivered an impressive return of 38% over the last six months and 170% over the last three years.

Ahluwalia Contracts (India) Limited:

Ahluwalia Contracts (India) Limited operates as an engineering, procurement, and construction (EPC) company based in India. Its primary focus lies in civil construction activities. Additionally, the company has expanded its scope by venturing into the development and operation of commercial complexes under license arrangements. It is also actively involved in the real estate trading business.

Today, the stock commenced the day at Rs 688 per share, experienced a robust rally of 17.71% during the day, and eventually settled at Rs 796 per share. Notably, the company’s stock achieved its 52-week high price today. The company’s present market capitalisation is Rs 5,332 crore. Furthermore, the stock has generated a return of 95% during the past year.

Sreeleathers Limited:

Sreeleathers Limited, an India-based company, specializes in the production and distribution of footwear and leather accessories. Additionally, the company operates as both a retailer and wholesaler of these products.

Today, the stock opened at Rs 281.95 per share, underwent a strong rally with a 16.98% increase throughout the day and ultimately closed at Rs 311.75 per share. It is worth mentioning that the stock reached its 52-week high price on this day. The current market capitalisation of the company stands at Rs 722 crore. Furthermore, the stock has generated a return of 65% during the past six months.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.