Under Rs 1000: These 3 Stocks Surged Over 10% and Hit 52-Week Highs Today

Today the NSE Nifty50 and BSE Sensex, ended the day in the red. The Nifty50 closed at 22,004.70, registering a decline of 92.05 points or a 0.42% decrease compared to the previous day’s closing level. Meanwhile, the BSE Sensex concluded at 72,470.30, reflecting a decline of around 361.64 points.

Among all the stocks listed on the NSE, 55 stocks reached their 52-week high levels. We will be exploring those stocks that registered a significant surge in their prices by over 10% and those that are available under Rs 1000 per share.

Time Technoplast Limited

Time Technoplast is a multinational conglomerate involved in the manufacturing of technology- and innovation-driven polymer and composite products.

Today, the stock opened trading at Rs 223 per share, experiencing a robust rally of 14.59% throughout the day, and ultimately closing at Rs 252.50 per share. The stock not only hit a 52-week high but also closed the day in the blue-sky zone by surpassing the highs of the year 2018. Furthermore, the stock has delivered a return of 315% during the past three years.

Mahalaxmi Rubtech Limited

Incorporated in 1991, Mahalaxmi Rubtech Limited manufactures and markets traditional textiles, as well as polymer-based technical textiles and rubber products.

Today, the stock began trading at Rs 307.95 per share, witnessed a strong rally of 10.95% throughout the day, and eventually closed at Rs 310 per share. Notably, the company’s stock reached its 52-week high price today. Furthermore, the stock has delivered a return of 674% during the past three years.

The Hi-Tech GearsLimited

The Hi-Tech Gears is an auto components manufacturer primarily engaged in the business of manufacturing gears and transmission components.

Today, trading commenced for the stock at Rs 669.35 per share. It experienced a robust rally of 10.24% during the day, eventually closing at Rs 732.40 per share. The stock not only hit a 52-week high but also closed the day in the blue-sky zone by surpassing the highs of 2017 recently last week. Furthermore, the stock has delivered a return of 311% during the past three years.

Investors must keep these stocks on their radar.

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.