Buy Multibagger Stocks? 1 Reliance & 1 Tata Stock Hit Fresh 52-Week High Today

Amid a bearish trend this week in the Indian stock markets, 1 Reliance and 1 Tata group stock hit 52-week high today, on October 11. Check the stocks' previous performances here to invest, when stocks are going up.

Reliance Industrial Infrastructure Ltd.

Reliance Industrial Infrastructure Ltd.'s current market price closed at Rs. 1,199 gaining by 0.60% today, till last traded. The stock hit a fresh 52-week high at Rs. 1,257/ share today. In the past 5 days its stock price has surged by 12.43%, in the past 1 month its stock price has surged by 2.04%, in the past 6 months its stock price has surged by 48.19%. In the last month, Reliance Industrial Infrastructure offered a Dividend of Rs. 3 Per Share. Its ex-dividend date was September 20. However, the company has faced a 15% per annum decline in its earnings in the last 5 years, which is concerning.

Tata Chemicals Ltd.

The stock price of Tata Chemicals Ltd. hit a fresh 52-week high at Rs. 1,214.90 a piece today. In the past 5 days its stock price has surged by 4.50%, in the past 6 months its stock price has surged by 19.38%. It is a multibagger stock with a 282.89% gain in the past 5 years. However, Tata Chemicals' stock dropped sharply in the late trading hours, in line with the equity markets' trend, its current market price closed at Rs. 1,163.50 falling by 3.01% today, till the last traded.

It is a large-cap company with a market capitalization of Rs. 29,662 crore, which is currently offering around 1.07% dividend yield.

Disclaimer

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