On Friday, the Indian benchmark indices concluded the trading day on a notably positive note, with the Sensex gaining by 1.62% to close at 81,332, and the Nifty jumped by 1.76% to finish at 24,835. The broader market also experienced gains, as the Nifty Mid-Cap closed higher by 1.81%, and the Nifty Small-Cap soared by 1.44%. Among the market performers, several stocks reached their 52-week highs, showcasing robust investor interest and market optimism.
Banco Products (India) Ltd reached an intraday high of Rs 769 with a traded volume of 28.18 lakh shares. It is currently trading at Rs 768, significantly up from its previous close of Rs 687.05, reflecting an impressive 11.78% increase. The stock hit its 52-week high today and has shown multibagger returns of 121.66% over the past year. The company’s market cap stands at Rs 5,443.97 crore.
Banco Products (India) Ltd manufactures and supplies engine cooling modules and systems for automotive and industrial applications in both the domestic and international markets. It was Incorporated in 1961, promoted by Mr. Mehul K. Patel who has more than 40 years of experience in the automotive industry
GHCL Textiles Ltd saw an intraday high of Rs 110.25 with a traded volume of 76.67 lakh shares. It is currently trading at Rs 106, a substantial rise from its previous close of Rs 93.55, indicating a 13.31% gain. The stock reached its 52-week high today and has delivered 53.69% returns over the last year. With a market cap of Rs 1025.07 crore.
Incorporated in 2020, GHCL Textiles Ltd manufactures and trades Yarn and fabric
CSL Finance Ltd hit an intraday high of Rs 529 with a traded volume of 3.82 lakh shares. It is currently trading at Rs 523.85, up from its previous close of Rs 467.9, marking an 11.96% increase. The stock achieved its 52-week high today and has provided a solid return of 56.37% over the past year. With a market cap of Rs 1167 crore.
Incorporated in 1992, CSL Finance Ltd provides finance facilities to SME business and Wholesale business
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.
Published on: Jul 26, 2024, 8:02 PM IST
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