Latest News
-
Bajaj Group Stock Declares Rs. 60/Share Dividend: Buy Ahead of Record Date On 28 June? -
Rs 45/Share Dividend: Record Date In Due Course; Buy The IT Stock For Dividend Eligiblity? -
175% Dividend: TATA Group Stock Declares Q4 Results; Buy The Rekha Jhunjhunwala Portfolio Stock? -
2:15 Bonus: Tata Group's Penny Stock Below Rs 90, Gives 2,821% Returns In 5 Years: Announces Q4 Report Card -
Rs. 240/Share Dividend: May 7 Fixed As Record Date; Buy The IT Stock To Be Eligible? -
1:5 & 1:2 Split, Rs 6/Sh Dividend: Fertilizer Stock Coming Up With 600% Payout; Record, Payment Dates Fixed -
Cube Highways Trust Set to Acquire Seven Highway Assets Worth Rs 5,172 Crore -
1:10 Split, Rs 51 Dividend: Accumulate Tata Stock, TP Rs 170; Big Update On £1.25 Bn Investment -
Tech Mahindra Sets Three-Year Plan for Robust Growth and Market Leadership by FY27 -
Tech Mahindra Q4 Net Profit Falls 41%, Announces Growth Strategy
9 Blue Chip Stocks That have Hit 52-week Highs This Week
Markets hit a fresh 52-week high and several stocks hit their 52-week highs with many of them at lifetime peaks. Here is a list of blue chip stocks that hit 52-week highs this week.
Axis Bank
Axis Bank hit a 52-week high on Friday. The stock has been rising ever since its had its face value split. The Bank's stock is now at a 52-week high of Rs 506. Banking stocks in general have been rallying on the back of hopes of economic recovery and a cut in interest rates.
Amrutanjan Health Care
Like Axis Bank, Amrutanjan hit a 52-week high on Friday of Rs 501.85. Stocks from the healthcare and FMCG sector are once again in the limelight. If markets continue to rally one can expect a further upside in the stock of Amrutanjan.
Bank of Baroda
There was enough and more action in banking stocks this week due to the credit policy. Hints that interest rates may be cut next year if inflation behaves sent banking stocks higher. Along with Axis Bank, Bank of Baroda also hit a 52-week high.
Castrol
Lubricants major Castrol also saw buying interest this week. The stock has been on a roll in the last few days. On the basis of fundamentals the stock looks very expensive at the current levels.
Brittania Industries
FMCG stocks have been in the limelight and Britannia is one amongst them. The stock hit a 52-week high of Rs 1856 and is now trading at very high price to earnings multiple. The dividend yield is less than one per cent.
FAG Bearings
Fag Bearings hit a 52-week high of Rs 3825 on the National Stock Exchange. The company caters to the automotive industry and there is renewed buying interest in automotive stocks after the recent fall in oil prices.
ITC
This week ITC hit a 52-week high after reports that there would be no ban on loose cigarettes. The company still derives a significant portion of revenues from cigarettes though it has over the years diversified its operations.
Punjab National Bank
Like peer Bank of Baroda, Punjab National Bank also has rallied to a fresh 52-week high. Sustained buying in banking stocks has pushed them higher on hopes that there would be an interest rate cuts in January or Feb 2015.
Yes Bank
Yes Bank was yet another bank that hit a 52-week high on Friday. Again hopes of an interest rate cut seems to be driving these banks higher.
