These midcap stocks are trading near their year high
The broader market however outperformed the frontline market. Nifty Midcap 150, in today’s trade gained by 0.66% or 77.2 points change.
The market remained volatile on the last day of the trading day of the week. Nifty 50 opened in negative, however soon it went into green only to slip into the red. Again, in the final hours of trading, it gained momentum and traded briefly in green before closing in the red. The broader market however outperformed the frontline market. Nifty Midcap 150, in today’s trade gained by 0.66% or 77.2 points change. Out of 150 stocks in the Nifty Midcap index, 91 stocks closed in green, 57 stocks closed in red and two remained unchanged.
After today's gain, many mid-cap stocks are again back to striking distance of their 52-week high.
Following is the list of companies within 5% of their 52-week high.
Company |
Last Price |
Previous Close |
Absolute Change |
% Change |
Year High |
Year Low |
Adani Total Gas Limited |
1830 |
1763.9 |
66.1 |
3.75 |
1840 |
315 |
GlaxoSmithKline Pharmaceuticals Limited |
1888 |
1868.2 |
19.8 |
1.06 |
1906.9 |
1376 |
Zee Entertainment Enterprises Limited |
369.3 |
367.95 |
1.35 |
0.37 |
373.5 |
166.8 |
Torrent Power Limited |
580 |
577.85 |
2.15 |
0.37 |
591.7 |
293 |
Persistent Systems Limited |
4339.9 |
4338.15 |
1.75 |
0.04 |
4439.85 |
1185 |
Sona BLW Precision Forgings Limited |
789.15 |
776 |
13.15 |
1.69 |
817.9 |
295 |
Minda Industries Limited |
949 |
908.95 |
40.05 |
4.41 |
985 |
365 |
Schaeffler India Limited |
7939.35 |
7877.8 |
61.55 |
0.78 |
8274.05 |
4055 |
Page Industries Limited |
40000 |
39468.55 |
531.45 |
1.35 |
41775 |
23412 |
Metropolis Healthcare Limited |
3226.1 |
3200.4 |
25.7 |
0.8 |
3399 |
1822 |
Thermax Limited |
1841 |
1753.1 |
87.9 |
5.01 |
1943.8 |
874 |
TTK Prestige Limited |
10985.3 |
10608.45 |
376.85 |
3.55 |
11619.9 |
5560 |
Max Healthcare Institute Limited |
380.5 |
378.4 |
2.1 |
0.55 |
402.6 |
128.5 |
A company like Adani Total Gas, which gained by 3.75% in today’s trade is just Rs 10 away from its all-time high of Rs 1840. It is up by more than five times its yearly low. A company like Zee Entertainment Enterprises is just Rs 5 away from its year high. Companies near their 52-week high and who are in momentum are likely to generate better returns.
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Tanushree Jaiswal
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