After two days of decline, the benchmark indices of the domestic market ended the day around 1%. The Sensex closed at 55,816.32 with a gain of 547.83 points, while the Nifty gained 157.95 points to close at 16,641.80. However, the Indian market may respond to Q1 earnings and global factors in line with the FOMC meeting. Despite the unpredictable market, analysts expect the US central bank to raise rates to fight inflation and despite a volatile market, all sectors ended in the green, with Nifty Pharma index up 2.39 per cent higher, Nifty Media and Nifty PSU was the place. Bank. Here are 5 stocks that have made a new 52-week high in trading today despite having multibagger returns on a YTD basis so far in 2022.
International Construction Limited
The stock has been continuously moving towards its upper circuit since last 14 days and now it has reached that level. 194.25 with an increase of 5.00 per cent. Total trading value of 5,109 shares 9.92 lakh traded on NSE. On 31 December 21, the stock hit a 52-week low 18.95, which means it is currently trading 925 percent above that low 194.25 Price level in the market. share price has gone up 24 July 28, 2021, to 194.25 as compared to the previous year, represents a multibagger return of 709.38 per cent. On a year-over-year basis, the stock has increased from 20.85 as on January 4, 2022, at the current level, represents a multibagger return of 831.65 per cent so far in 2022. In the last 6 months, the stock has given a multibagger return of 473.01% and the company currently holds the promoter’s stake. 75.00%.
Som Distilleries & Breweries
The stock started trading at 91.00 per piece and ends the day at new 52-week high 94.30. on July 26, 2022. previous 52-week high of reached 89.95. A total of 17,10,539 shares were traded on NSE today, whose trading value was 1,598.33 lakh. On December 7, 2021, stock . K reached 52-week low 34.80, which means that at its current price 94.30, it is currently trading up 170 percent from its 52-week low. The stock has gained 82 per cent in the past one year, but has risen on a year-on-year basis 40.40 as on January 3, 2022 at the current level, represents a multibagger return of 133.42 per cent in 2022 so far. However, the stock has managed to generate multibagger returns of 113.35 per cent during the last six months.
Rajnandini Metal
The stock rose 0.044 percent from its previous close and closed at After hitting a new 52-week high of 459.50 466.25. The stock’s most recent 52-week high was reached on July 25, 2022 465.95. A total of 32,306 shares were traded on NSE today, whose trading value is 149.00 lakhs. The stock had touched a 52-week low 111.33 on 06-August-21 which means the stock is now trading up 312% from its 52-week low. share price climbed 116.63 at its current level as on July 28, 2021 over the previous year, represents a multibagger return of 293.98 per cent. out of stock 173.20 as on January 3, 2022, at the current level on YTD basis, represents a multibagger return of 165.30 per cent so far in 2022. The promoter stake of the company is 73.23 percent.
Central India Agricultural Products
open on stock touched 52-week high of 696.00, 721.85 at 14.40 pm and closed The level of 721.50 is up by 4.86% from its previous close. A total of 35,970 shares were traded today, with a trading value of . was 256.70 lakhs. On May 30, 2022, the previous 52-week high Reached 716.00. Stock as on July 26, 2021. K reached 52-week low 127.10, which means it is currently trading 467 percent higher than that low. On a YTD basis, the share price has increased by 178.35 to the current level as of 3rd January 2022, indicating a multibagger return of 304.54 per cent so far in 2022. Over the past year, the stock has risen sharply 141.25 to the current level on 28 July 2021, indicating a multibagger return of 410.80 per cent over that period.
Marathon NextGen Realty
open on stock touched a new 52-week high of 241.05, 243.70 and closed at 240.95 2.29% each level with an upside gap. Previous 52-week high 238.35 which was created on 26-July-2022. On NSE, 2,70,316 shares were traded today, which is equal to the trading price of 646.41 lakhs. The stock had touched a 52-week low 71.30 at 28-Jul-21 which indicates that the stock is trading up 237% from its 52-week low at the current price level. out of stock 74.15 on the NSE at the current price level on July 28, 2021, represents a multibagger return of 224.95 per cent during that time. On a year-over-year basis, the stock has increased from 106.95 as of January 3, 2022, up to the current level, represents a multibagger return of 125.29 per cent so far in 2022.
Asked about the future performance of Nifty, Shrikant Chauhan, Head of Equity Research (Retail), Kotak Securities Ltd. said, “It looks like investors have taken a 75 bps rate hike by the US Fed, while other Asian investors have seen a rate hike by US Fed. The recovery in the indices contributed to the overall rally in the markets. However, the markets may see volatility ahead of the monthly F&O expiry tomorrow. Technically, Nifty took support near 16450 after falling in the last two sessions. The trend reversed. This also formed a promising Bar Reversal Bullish candle on the daily chart. The chart structure indicates continuation of the uptrend wave in the near future. For trend following traders 16550 will be the trend decider level and above that the index May reach the levels of 16750-16800. On the other hand, below 16550, any uptrend will be weakened and the index may retest the levels of 16450-16400.”
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