These 3 Stocks Hit 52-Week Highs Today, Keep These Stocks on Your Radar for Monday, July 22, 2024

On Friday, the Indian benchmark indices concluded the trading day on a notably negative note, with the Sensex losing by 0.91% to close at 80,604.65, and the Nifty slipped by 1.09% to finish at 24,530. The broader market also experienced some gains, as the Nifty Mid-Cap closed in red by 2.11%, and the Nifty Small-Cap dropped by 2.29%. Among the market performers, several stocks reached their 52-week highs, showcasing robust investor interest and market optimism.

VST Industries Ltd

Today, VST Industries Ltd reached a new 52-week high of Rs 4849.75. The stock is currently trading at Rs 4583, showing a significant increase of 10.97% from its previous close of Rs 4130.05. This price movement is supported by a high trading volume of 696,145 shares. The company has a market capitalization of Rs 7050.81 crore and has delivered a strong 1-year return of 26.74%, reflecting robust investor confidence and solid performance over the past year.

VST Industries is engaged inter-alia in manufacture and trading of Cigarettes, Tobacco and Tobacco products.

Mahanagar Telephone Nigam Ltd 

Mahanagar Telephone Nigam Ltd (MTNL) hit its 52-week high today at Rs 70.48 and is currently trading at the same price. This marks a substantial increase of 9.99% from the previous close of Rs 64.08. The stock saw a massive traded volume of 136,365,377 shares, indicating high investor interest. With a market cap of Rs 4371.25 crore, MTNL has posted an impressive 1-year return of 252.77%, highlighting its significant growth and positive outlook among investors.

Mahanagar Telephone Nigam is engaged in providing telecom services.

Macpower CNC Machines Ltd

Macpower CNC Machines Ltd reached a new 52-week high today at Rs 1736.95 and is currently trading at this peak price. The stock rose by 5.00% from its previous close of Rs 1654.25. The trading volume was 70,119 shares, suggesting moderate investor activity. The company has a market capitalization of Rs 1737.67 crore and has delivered a strong 1-year return of 486.50%, showcasing its exceptional performance and strong market position over the past year.

Macpower CNC Machines Limited is engaged in the manufacture of Computerized Numerically Controlled (CNC) machines and Lathe Machines.

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.