In today’s unpredictable market landscape, numerous stocks have experienced notable intraday gains. A total of 47 stocks reached their 52-week highs, while 11 stocks hit their 52-week lows. Amidst this volatility, 114 stocks were identified in the upper circuit, and 24 stocks faced the lower circuit. Among the standout performers on the NSE were major players like Eicher Motors, HDFC Bank, and SBI Cards.
Top Stocks Achieving 52-Week Highs
Eicher Motors
Eicher Motors made headlines today, with its stock jumping by up to 1.9% intraday and touching a remarkable 52-week high of ₹5,630. By mid-afternoon, the shares showed a slight decline but remained 1.6% higher. Over the past month, Eicher Motors has been on an upward trajectory, boasting an impressive 28.26% increase over the past year and a 15% rise year-to-date (YTD).
HDFC Bank
HDFC Bank also celebrated a new 52-week high, climbing over 1% intraday to reach ₹1,883.80 per share. This surge was spurred by the anticipation of its quarterly earnings report due on April 19. With a market capitalization of ₹14.2 lakh crore, the bank’s shares have risen by 5% this year, underpinned by a 7.7% YoY growth in advances, totaling ₹27.73 lakh crore as of March 31, 2024. Additionally, deposits surged by 14.1% year-on-year.
SBI Cards and Payment Services
The stock price of SBI Cards and Payment Services reached a remarkable ₹890.55, marking a 1% intraday gain. Over the last year, SBI Cards has demonstrated a robust 21.52% growth, with a 30.10% increase YTD. Notably, the company’s share price has surged 4.84% in just the last five days.
AstraZeneca Pharma
AstraZeneca Pharma has shown remarkable performance, achieving a 52-week high of ₹9,167.50 today. The stock has experienced a growth of 6% in the past week, 8% in the last month, and an impressive 61% over the past year. So far this year, the stock’s value has increased by 18%.
Chambal Fertilisers
Another impressive performer is Chambal Fertilisers, which reached a high of ₹667.45 today. The stock has gained 3.89% in the past five days and 11.92% in the last month. Over the last six months, it has delivered a remarkable 29.32% growth, and over the past year, it has skyrocketed by 73.29%, with YTD performance up by 28%.
Nifty 50 Market Highlights
In the Nifty 50, IndusInd Bank emerged as the top gainer, soaring by nearly 6%, followed closely by Axis Bank, which appreciated by 4%. Other notable gainers included Trent, up 2%, and both HDFC Life and ONGC, each rising by approximately 1.5%. Conversely, Hindalco was the largest loser, dropping by 2%, while Maruti, Bajaj Finance, and Hero MotoCorp each faced declines of about 1.5%-2%.
NSE Market Activity Overview
Recent data from the NSE indicates a busy trading session, with 2,898 stocks exchanged today. Despite the broader market’s fluctuations, there was a favorable trend with 1,848 stocks advancing compared to 971 decliners. Additionally, 79 stocks remained unchanged.
This current market activity reflects a dynamic environment, showcasing significant movements among key stocks, presenting both opportunities and challenges for investors. Stay tuned for more updates as we track these developments.
