Why Should You Check Portfolios Of These 5 Stocks That Hit Fresh 52-Week High Today, Upto 20% Intraday Gain

Today, on November 17, the Nifty fell to 18,343.90 points, on weak global cues. However, these below-mentioned stocks hit a 52-week high today. Check Why should you check portfolios of these stocks for investment.

Timken India Limited

The share price of the stock closed at Rs. 3,506 a piece, up by 20% in intra day trade to hit a fresh 52-week high. In the last 6 months, its share price surged by 80.71%. The company's share price rallied sharply to hit a fresh 52-week high today, after its announcement to set up a new manufacturing facility in Bharuch. It will incur a cost of Rs. 600 crore, that will be funded by the internal accruals. Timken India Limited will target both domestic and International markets including the US and Europe.

Archies Limited

The share price of the stock closed at Rs. 26 a piece, up by 15.81% in intra day trade to hit a fresh 52-week high. In the last 6 months, its share price surged by 46.07%. This week, the company reports a strong Q2 financial report. Its Income from Operations in Q2 gained to Rs. 2162.17 lakh, from Rs. 1874.84 lakh in the earlier quarter. Revenue from operations gained to Rs. 2279.75 lakh in Q2, from Rs. 1914.14 lakh, in the previous quarter.

Engineers India Limited

The share price of the stock closed at Rs. 80.65 a piece, up by 10.03% in intra day trade to hit a fresh 52-week high. In the last 6 months, its share price surged by 34.30%. The stock is currently offering a dividend yield of 3.72%. The company is a leading public sector undertaking (PSU) under the Ministry of Petroleum and Natural Gas, that has reported its consolidated net sales at Rs. 793.06 crore in Q2, from Rs. 656.78 crore in the year-ago quarter. Additionally, the PSU's net profit stood at Rs. 75.16 crore, up sharply from Rs. 17.04 crore in the year-ago quarter.

Goa Carbon Limited

The share price of the stock closed at Rs. 625.35 a piece, up by 10% in intra day trade to hit a fresh 52-week high. In the last 6 months, its share price surged by 40.42%. Additionally, in the last 1 month, the stock has experienced a sharp upside of 48.98% on NSE, after it has reported more than double growth in income in the last quarter. Its total income in Q2 gained sharply to Rs. 42,796.85 lakh, from Rs. 20,647.69 lakh in the earlier quarter.

Chembond Chemicals Ltd

The share price of the stock closed at Rs. 261.80 a piece, up by 9.20% in intra day trade to hit a fresh 52-week high. In the last 6 months, its share price surged by 51.59%, while in the last 1 month, the stock has experienced a sharp upside of 41.17% on NSE. Its Revenue from Operations in Q2 gained sharply to Rs. 11,014.66 lakh, from Rs. 9,765.33 lakh in the earlier quarter. Additionally, its total income gained to Rs. 11,238.45 lakh in Q2, from Rs. 9,691.73 lakh, in the previous quarter.

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, and the author are not liable for any losses caused as a result of decisions based on the article.