The Sensex is a couple of hundred points away from breaching historic highs once again. Several blue chip stocks have hit 52-week highs in trade, while some are at lifetime highs. We take a look at 6 such blue chip stocks that have reached 52-week highs.
Revival in key markets fuels stock price
India's number one software company, Tata Consultancy Services hit a 52-week high of Rs 2,384.80 on the National Stock Exchange. Investor craze for software stocks is being noticed once again, on revival in demand for software exports and services across the globe. TCS' Q3 results due on Thursday will be closely watched.
Sharp gains in stock price since Narayana Murthy's return
Infosys Technologies has also hit a 52-week high of Rs 3,679.30 on the National Stock Exchange. The company reported a superb set of Q3 numbers and most brokerages have now upgraded the stock to a buy. The stock has gained 50% since Narayana Murthy's return as Chairman.
Good quality pharma stocks in demand
Dr Reddy's Labs hit a 52-week high of Rs 2,647.90 even as several other pharma stocks are facing US FDA related issues. Investors continue to chase high quality defensive names in the pharma space.
Another pharma stock at 52-week high
Divis Labs is another highly rated pharma stock which hit a 52-week high of Rs 1,275.90 on the National stock Exchange. Hopes of rapid growth momentum and rise in margins has propelled the stock.
Termination of Cooper deal good news for stock
Ever since the Apollo Tyre's Cooper Tire deal was terminated, the Apollo Tyre stock has been on a roll. The stock has now hit a 52-week high of Rs 118.55 on the National Stock Exchange.
Demand revival in key markets
Bharat Forge is a high quality forging exporter, the stock of which is highly rated by analysts. The stock hit a 52-week high of Rs 351.05 on the National Stock Exchange.