These 3 Stocks Hit 52-Week Highs Today, Keep These Stocks on Your Radar for Tuesday, July 16, 2024

On Monday, the Indian benchmark indices concluded the trading day on a notably positive note, with the Sensex gaining by 0.18% to close at 80,664, and the Nifty rising by 0.35% to finish at 24,586. The broader market also experienced gains, as the Nifty Mid-Cap closed higher by 0.86%, and the Nifty Small-Cap soared by 0.52%. Among the market performers, several stocks reached their 52-week highs, showcasing robust investor interest and market optimism.

Godfrey Phillips India Ltd

Today, Godfrey Phillips India Ltd. saw a significant surge, hitting an intraday high of Rs 4821.3 and trading a volume of 2,815,896 shares. The stock is currently trading at Rs 4734.55, reflecting a remarkable 16.70% increase from the previous close of Rs 4057.1. This marks a new 52-week high for the company. With a market cap of Rs 24,516.65 crore, the stock has delivered impressive one-year returns of 189.81%.

Godfrey Phillips India is one of the leading FMCG Companies in India – flagship company of KK Modi Group. They have many iconic cigarette brands like Four Square, Red & White, and Cavanders to its name. It also have an exclusive sourcing and supply agreement with Philip Morris International to manufacture and distribute the renowned Marlboro brand in India.

HBL Power Systems Ltd

HBL Power Systems Ltd. experienced a notable upward movement today, reaching a 52-week high of Rs 645.65. The stock traded with a substantial volume of 12,449,713 shares and is currently priced at Rs 632.2. This represents a 10.51% increase from its previous close of Rs 572.05. The company’s market cap stands at Rs 17,460.09 crore, and it has achieved remarkable one-year returns of 281.42%.

Incorporated in 1983, HBL Power System Ltd manufactures and services different types of batteries, e-mobility, and other products

Castrol India Ltd

Castrol India Limited hit a new 52-week high of Rs 269.95 today, with a traded volume of 24,782,327 shares. The stock is currently trading at its intraday high of Rs 269.95, showing a 7.30% increase from the previous close of Rs 251.58. The market cap of Castrol India is Rs 26,462.18 crore, and it has provided excellent one-year returns of 275.55%.

Castrol India Ltd is principally engaged in the business of manufacturing & marketing of automotive and industrial lubricants and related services.

These stocks’ performance underscores a buoyant market sentiment, reflecting investors’ confidence in the long-term growth potential of these companies.

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.