These midcap stocks are trading near their year high

resr 5paisa Research Team 14th December 2022 - 06:07 pm
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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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