Three NSE stocks surged over 15% and hit 52-week highs today in a weak market. Do you own any?

Today, the broader indices, NSE Nifty50 and BSE Sensex, ended the day in the red. The Nifty50 index opened the day at 19,286, which was almost flat compared to Monday’s closing level of 19,282. During the intraday session, it reached an intraday high of 19,347 and a low of 19,074, finally concluding the day at 19,122, which is a decrease of 160 points from the previous day’s closing level.

Among the fifty stocks, forty closed the session in the red, while the remaining ten closed in the green. However, despite the bearishness in the broader market, twenty-two stocks hit their 52-week high levels among all the listed stocks on the NSE.

On the other hand, the BSE Sensex index also closed the day at 64,049, which is 0.81% lower than its previous day’s closing level. Let’s examine each of the three stocks one by one.

In this article, we will explore the stocks that reached their 52-week highs and surged over 15%, despite the bearish sentiment in the overall market, along with the stock’s price chart on a weekly time frame.

Welspun Investments and Commercial Limited:

Welspun Investments and Commercials Limited (WICL), formerly known as Welspun Investments Limited, came into existence following the demerger of Welspun India Limited into two distinct entities in 2009. The company is involved in investment activities, including the trading of shares and securities, as well as the trading of textile products and commodities.

Today, the stock opened the day at Rs 618 per share, rallied by 19.99% during the day, and finally closed at Rs 696.80 per share. The stock not only reached a 52-week high but also hit the upper circuit price limit of 20%. The company’s current market capitalization stands at Rs 254 crore. Furthermore, the stock has demonstrated significant performance over the last year, generating an impressive return of 156%.

Wealth First Portfolio Managers Limited:

Wealth First Portfolio Managers Ltd is involved in providing stock broking services, portfolio management, distribution of mutual funds, depository participant services, and other related activities.

Today, the stock opened the day at Rs 405.50 per share, rallied by 16.5% during the day, and finally closed at Rs 455 per share. The company’s current market capitalization stands at Rs 484 crore. Furthermore, the stock has demonstrated significant performance over the last year, generating an impressive return of 68%.

Macpower CNC Machine Limited:

Macpower CNC Machines Limited specializes in the manufacturing of Computerized Numerically Controlled (CNC) machines and lathe machines.

Today, the stock opened the day at Rs 484 per share, rallied by 15.6% during the day, and finally closed at Rs 510 per share. The company’s current market capitalization stands at Rs 510 crore. Furthermore, the stock has demonstrated significant performance over the last year, generating an impressive return of 33% with over 50% returns within a month.

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.