Four multibagger NSE stocks surged over 15% and hit 52-week highs today; do you own any?

Today, the broader indices, NSE Nifty50 and BSE Sensex, ended the day with substantial gains. The Nifty50 index opened the day at 19,346, which represented a 115-point increase compared to Friday’s closing level of 19,231. During the intraday session, it reached an intraday high of 19,423 and a low of 19,310, ultimately concluding the day at 19,412, marking an increase of 181 points from the previous day’s closing level.

Among the fifty stocks, forty-five closed the session in the green, while the remaining five closed in the red. Furthermore, one hundred twenty-five stocks hit their 52-week high levels among all the listed stocks on the NSE. In this article, we will explore the stocks that reached their 52-week highs and surged over 15%, along with the stock’s price chart on a weekly time frame.

On the other hand, the BSE Sensex index also closed the day at 64,959, which is 0.92% higher than its previous day’s closing level. Let’s examine each of the four stocks one by one.

Chembond Chemicals Limited 

Chembond Chemicals Ltd specialises in the production of a wide variety of speciality chemicals, including those used in water treatment, polymers, construction materials, high-performance coatings, animal nutrition, and industrial biotech products. With a history spanning over 45 years, the company has a wealth of experience in its field.

Today, the stock began the day at Rs 414 per share, witnessed a substantial 20% rally during the day, and ultimately concluded at Rs 445 per share. What’s remarkable is that the stock not only reached a 52-week high but also triggered the upper circuit price limit of 20%. The company’s current market capitalization stands at Rs 599 crore. Moreover, the stock has exhibited a remarkable performance over the past year, delivering an impressive return of 127%.

Industrial Investment Trust Limited: 

Industrial Investment Trust Ltd, incorporated in 1933, is a registered NBFC (Non-Banking Financial Company) primarily functioning as a holding company. It holds investments in its subsidiaries and other group companies. The company’s main activities involve investing in equity shares, both quoted and unquoted, mutual funds, fixed deposits with well-established banks, inter-corporate deposits, and providing loans to its group companies and entities.

Today, the stock commenced the day at Rs 190 per share, experienced a robust rally of 19% during the day, and eventually settled at Rs 211 per share. Notably, the company’s stock achieved its 52-week high price today. The company’s present market capitalization is Rs 476 crore. Furthermore, the stock has shown significant performance over the past year, delivering an impressive return of 153%.

IFGL Refectories Limited:

IFGL Refractories Ltd specialises in the manufacturing of specialized refractories and the necessary operating systems designed for the iron and steel industry.

Today, the stock commenced the day at Rs 565 per share, experienced a robust rally of 16.80% during the day, and eventually settled at Rs 587 per share. Noteworthy, the company’s stock achieved its 52-week high price today. The company’s present market capitalization is Rs 2,115 crore. Additionally, the stock has shown significant performance over the past year, delivering an impressive return of 137%.

Bajaj Hindusthan Sugar Limited

Bajaj Hindusthan Sugar Limited was originally incorporated in 1931 under the name “The Hindustan Sugar Mills Limited”. The company is actively involved in the production of sugar, alcohol, ethanol, and power generation.

Today, the stock opened at Rs 30.25 per share, surged by 16% during the day, and ultimately concluded at Rs 34 per share. Notably, the company’s stock reached its 52-week high price today. The company currently holds a market capitalisation of Rs 4,343 crore. Furthermore, the stock has exhibited remarkable performance over the past year, delivering an impressive return of 222%.

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.