These five NSE stocks reached a 52-week high and surged over 10% in this weak market; do you own any?

Today, the broader indices, including Nifty50 and BSE Sensex, closed the session in the red. The Nifty50 index opened the day at 19,522, which was 21 down compared to Friday’s closing level of 19,543. It eventually concluded the day at 19,282, down by 261 points or 1.34%. Meanwhile, the BSE Sensex closed at 64,572, marking a decline of 826 points from Friday’s closing level. Despite the broader market’s decline, some stocks reached their 52-week highs.

In this article, we will explore the top five stocks that have reached new 52-week highs, defied the broader market’s decline, and surged over 10%. So, without further ado, let’s get started.

Macpower CNC Machines Limited is engaged in manufacturing Computerized Numerically Controlled (CNC) machines and Lathe Machines. The company currently holds a market capitalisation of Rs 441 crore. The stock opened at Rs 411 per share on the NSE and, during the intraday trading session, it reached a high of Rs 441.30 per share. It ultimately closed the day at Rs 441.30 per share, demonstrating a substantial gain of 20%. Furthermore, during the intraday trading session, it hit the upper circuit limit of 20% and achieved a new 52-week high price.

Somi Conveyor Belting Limited is involved in the manufacturing of industrial conveyor belts made from rubber and steel materials. The company currently holds a market capitalization of Rs 88.6 crore. The stock opened at Rs 68 per share on the NSE and, during the intraday trading session, it reached a high of Rs 78.72 per share. It ultimately closed the day at Rs 75.20 per share, demonstrating a substantial gain of 14.63%. Furthermore, during the intraday trading session, it hit the upper circuit limit of 20% and achieved a new 52-week high price.

Global Vectra Helicorp Limited, as part of the Vectra group, is involved in providing helicopter charter services for both offshore and onshore transportation. The company specializes in serving the oil and gas exploration and production sector in India. The company currently holds a market capitalization of Rs 139 crore. The stock opened at Rs 89 per share on the NSE and, during the intraday trading session, it reached a high of Rs 105.56 per share. It ultimately closed the day at Rs 99.40 per share, demonstrating a substantial gain of 13%. Furthermore, during the intraday trading session, it hit the upper circuit limit of 20% and achieved a new 52-week high price.

Hind Rectifiers Limited is primarily involved in the development, design, manufacture, and marketing of power semiconductors, power electronic equipment, and railway transportation equipment. The company currently has a market capitalization of Rs 719 crore. The stock opened at Rs 370 per share on the NSE, and during the intraday trading session, it reached a high of Rs 439 per share, coming very close to hitting the upper circuit. It ultimately closed the day at Rs 420 per share, marking a significant gain of 14.75%. Additionally, during the intraday trading session, it reached a new 52-week high price.

Zodiac Energy Limited is engaged in the business of installing solar power generation plants. The company currently holds a market capitalization of Rs 250 crore. The stock opened at Rs 162 per share on the NSE and, during the intraday trading session, it reached a high of Rs 170.65 per share. It ultimately closed the day at Rs 170.65 per share, demonstrating a substantial gain of 10%. Furthermore, during the intraday trading session, it hit the upper circuit limit of 10% and achieved a new 52-week high price.

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.