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5 Stocks At New 52-Week Highs, Robust Financial Growth: Brokerages Say Buy
Indian stocks markets are down in November, Nifty closed at 18,159.95 points today, on weak global cues. However, here top 5 stocks have been discussed that hit fresh 52-week highs today, and brokerages are bullish on these stocks.
Indian Bank
The share price of Indian Bank closed at Rs. 267.95 a piece, down by 2.33% in trade to hit a fresh 52-week high. In the last 5 days, its share price surged by 2%, and gained by 14.58% in the last 1 month. The company's share price rallied sharply by 86.46% in the last 1 year. Emkay Global has given a Buy rating to the stock of Indian Bank with target price of Rs. 310.
Alicon Castalloy
The share price of Alicon Castalloy closed at Rs. 1,077.90 a piece, up by 0.59% in trade to hit a fresh 52-week high. In the last 5 days, its share price surged by 13.50%, and gained by 19.60% in the last 1 month. The company's share price rallied sharply by 44.84% in the last 1 year. Sharekhan reiterated the buy rating on the stock with a 12-month price target of Rs. 1,159.
Atul Auto
The share price of Atul Auto closed at Rs. 311.15 a piece, down by 2.86% in trade to hit a fresh 52-week high. In the last 5 days, its share price surged by 15.22%, and gained by 12.27% in the last 1 month. The company's share price rallied sharply by 42.93% in the last 1 year. Emkay Global says buy the stock of Atul Auto with a target price of Rs. 320.
Gabriel India
The share price of Gabriel India closed at Rs. 180.80 a piece, down by 0.71% in trade to hit a fresh 52-week high. In the last 5 days, its share price surged by 5.85%, and gained by 19.03% in the last 1 month. The company's share price rallied sharply by 32.60% in the last 1 year. Sharekhan retained the buy rating on the stock, with a 12-month price target of Rs. 217.
TCPL Packaging Limited
The share price of TCPL Packaging Limited closed at Rs. 1,644.90 a piece, up by 2.10% in trade to hit a fresh 52-week high. In the last 5 days, its share price surged by 16.49%, and gained by 24.31% in the last 1 month. The company's share price rallied sharply by 228.59% in the last 1 year. In Q2FY23, TCPL Packaging Limited has reported its consolidated revenue to gain by 43% YoY to Rs. 361.7 crore, while the consolidated PAT has more-than-doubled to Rs. 39.50 crore from Rs. 10.6 crore in the year-ago 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.
