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Ten stocks close to their 52-week high

Posted By: Admin
February 18, 2024 |

Price Stock Screener, Near 52 Week high Stocks Today in NSE, BSE

52-week high stocks: Indian equity market finished higher for the fourth consecutive session on February 16 with Nifty hovering above above 22,000 level.

These things will decide D-Street action on Monday.

At the closing bell on Friday, the Sensex was up 376.26 points or 0.52 per cent at 72,426.64, and the Nifty was up 129.90 points or 0.59 per cent at 22,040.70. 

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Top gaining stocks on Nifty50 were Wipro, M&M, SBI Life Insurance, Adani Ports and Maruti Suzuki.

Sector-wise, except PSU Bank, oil & gas and power, all other indices are trading in the green with auto, capital goods, pharma, IT and realty surging 1-2 per cent.

Significance Of Stocks at 52-Week High

Stocks nearing their 52-week high reflect bullish sentiment and potential investor confidence. These equities often signify strong market performance and positive outlooks for the respective companies.

Investors keen on momentum may eye these stocks for potential gains, anticipating upward price movements to continue.

Their proximity to yearly highs suggests resilience amidst market fluctuations and favorable business fundamentals.

However, prudent investors should conduct thorough analysis, considering factors like earnings reports, market trends, and company developments to assess whether the stocks are poised for sustained growth or nearing overvaluation.

Here is the list of stocks that ended close to their 52-week high on Friday

Company Name LTP 52-Week HighGap%
Alkem Laboratories Ltd            5,444.15             5,454.850.20
Zydus Lifesciences Ltd               891.60                 893.800.25
Trent Ltd            4,021.80             4,035.000.33
Persistent Systems Ltd            8,869.40             8,898.750.33
Adani Ports and Special Economic Zone Ld            1,306.95             1,311.500.35
Wipro Ltd               543.10                 545.000.35
KSB Ltd            4,084.65             4,100.000.38
Abbott India Ltd         29,504.80           29,628.150.42
Sbi Life Insurance Company Ltd            1,508.45             1,515.500.47
Anand Rathi Wealth Ltd            3,643.05             3,661.700.51

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