Top Multibagger Stocks Hit Fresh 52-Week High Today, Amid Flat Market

Nifty and Sensex traded flat today, after high inflation data yesterday. However, here top 4 NSE stocks have been discussed that hit 52-week highs in trade. Check details to invest.

Hindcon Chemicals Limited

The Current Market Price (CMP) of Hindcon Chemicals closed at Rs. 127.80, gaining by 19.22% intra day. This multibagger stock has surged by 46.22% in the last 1 month, surged by 82.18% in the past 6 months, and surged by 78.49% in the past 1 year, amid volatility in the stock markets. However, commenting on the stock, simplywall.st analyzed, "Hindcon Chemicals' ROE is not much to talk about. Next, when compared to the average industry ROE of 16%, the company's ROE leaves us feeling even less enthusiastic. Accordingly, Hindcon Chemicals' low net income growth of 4.9% over the past five years can possibly be explained by the low ROE amongst other factors."

Zenith Exports Limited

The Current Market Price (CMP) of Zenith Exports Limited closed at Rs. 136.95, gaining by 10% intra day. This multibagger stock has surged by 59.15% in the last 1 month, surged by 45.69% in the past 1 year, and surged by 156.94% in the past 5 years. Starting operations with silk scarves and bridal fabric for the fashion world, now they boast an expansive range of textile products for both the fashion and home furnishing industries.

Jindal Drilling and Industries

The Current Market Price (CMP) of Jindal Drilling and Industries Ltd. closed at Rs. 332.40, gaining by 8% intra day. This multibagger stock has surged by 22.45% in the last 1 month, surged by 39.52% in the past 6 months, and surged by 120.35% in the past 1 year. It is a small cap stock with Rs. 962 crore market capitalization. According to data available with NSE, in Q4 FY22, the company's total income stood at Rs. 11,262 lakh, as against Rs. 12,695 lakh in the previous quarter.

Astec LifeSciences Limited

The Current Market Price (CMP) of Astec LifeSciences Limited closed at Rs. 2,159, gaining by 7.30% intra day. This multibagger stock has surged by 12.13% in the last 1 month, surged by 68.05% in the past 1 year, and surged by 276.13% in the past 5 years. Astec Lifesciences Ltd. manufactures pesticides and agricultural chemicals and exports chemicals to more than 25 countries. The company recently offered a dividend of Rs. 1.50/Share, in July this year.

Disclaimer

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