These four 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 19,674.70, indicating a flat opening compared to the previous day’s closing level of 19,675.44. Throughout the intraday session, it surged to a high of 19,875.25 and dipped to a low of 19,627 before ultimately settling the day at 19,765.20. This marked a gain of 89.75 points or 0.46% from the previous day’s closing level.

Among the fifty stocks, 32 closed in the green, while the remaining 18 closed in the red. Additionally, 170 stocks reached their 52-week high levels among all the listed stocks on the NSE. Conversely, the BSE Sensex index also closed positively at 65,982.48, indicating a 306.55-point increase compared to its previous day’s closing level. Now, let’s delve into an individual analysis of the top four stocks that reached their 52-week highs and surged over 15%.

Hi-Tech Gears Limited 

Hi-Tech Gears Ltd specialises in the production of automotive components, primarily focusing on manufacturing gears and transmission parts.

Today, the stock opened at Rs 417.95 per share, experienced a significant 20% rally throughout the day and ultimately closed at Rs 413.80 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 capitalization of the company stands at Rs 931 crore. Additionally, the stock has delivered an impressive return of 89% over the last six months and 240% over the last three years.

Startech Finance Limited 

Starteck Finance Ltd, a Non-deposit-taking, NBFC registered with the RBI, primarily focuses on retail lending across two key segments: housing finance and loans extended to small corporates/MSMEs.

Today, the stock began trading at Rs 183.65 per share, witnessed a strong rally of 19.98% throughout the day, and eventually closed at Rs 219.20 per share. Notably, the company’s stock reached its 52-week high price today. The company presently holds a market capitalisation of Rs 217 crore. Additionally, the stock has delivered an impressive return of 88% over the last six months and a remarkable 340% return in the last three years.

Mindteck Limited 

Mindteck, incorporated in 1991, is an engineering and technology solutions company with extensive expertise in E-commerce and Embedded Systems.

Today, the stock opened at Rs 198.75 per share, experienced a robust 17% increase throughout the day and eventually closed at Rs 229.90 per share. Notably, the stock reached its 52-week high price today. The current market capitalization of the company stands at Rs 581 crore.

Additionally, the stock has delivered an impressive return of 90% over the last six months and a remarkable multibagger return of 613% during the last three years.

Bang Overseas Limited 

Bang Overseas Limited is a company specialising in the manufacturing and export of men’s wear originating from India and Macedonia. It was incorporated in 1992. Additionally, they offer a range of services encompassing concept development, design, manufacturing, logistics, and marketing.

Today, the stock opened at Rs 63 per share, surged significantly with a 16.55% increase throughout the day, and ultimately closed at Rs 65.85 per share. Notably, the stock reached its 52-week high price on this day. The current market capitalisation of the company stands at Rs 89 crore. Furthermore, the stock has delivered a return of 65% over the past six months and an impressive multibagger return of 215% over the last three years.

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.