7 Stocks Hit 52-week Highs In Trade, What Should You Do Now?

Here are 7 stocks that hit 52-week highs in trade today. Some of these like RBL Bank had a buy call on the stock. One needs to be careful as some of the stocks have rallied significantly from lows.

Apar Industries

Apar Industries stock hit a 52-week high of Rs 1791.20 and the last traded price was Rs 1765. The company is the largest aluminium and alloy conductor manufacturer in the world. Third largest transformer oil manufacturer in the world and manufacturers of the widest range of cables in India.

Jindal Stainless

This stock of Jindal Stainles rallied to a 52-week high of Rs 242.50 and was last trading at Rs 226.75. Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world. The shares have done exceedingly well and have rallied significantly in the last few months. In fact, there has been sustained buying in the stock.

Kalyan Jewellers

This stock jumped to a 52-week high of Rs 134.20 and was last trading at Rs 126.75. Kalyan Jewellers is among the top listed jewellery stocks. Having ventured into jewellery retailing in 1993 in Thrissur, Kerala, India, where we are headquartered, and as on March 31st, 2022, the company has over 150 showrooms spread across India and GCC. The company had come up with an IPO last year at Rs 87 and has performed well and given good returns to investors.

RBL Bank

RBL Bank shares of Rs 175. 20 and were last trading at Rs 170.50. The shares of the bank have seen significant gains in the last six months of nearly 150%. Axis Securities had a price target of Rs 176 on the stock and it seems that the price target is very close to the current market price. In fact, banking stocks have seen a good rally in the recent past.

Titagarh Wagons

The stock of Titagarh Wagons hit a 52-week high of Rs 222.90 and was last trading at Rs 214.30 on the NSE. Titagarh caters to passenger rolling stock including trains and metros as well. Its product range includes electric propulsion equipment such as traction motors and vehicle control systems. Titagarh also designs and manufactures wagons such as container flats, grain hoppers, cement wagons, clinker wagons, and tank wagons.

Aries Agro & Bombay Super

Aries Agro and Bombay Super Hybrid Seeds Limited were the other stocks that hit 52-week highs in trade today.