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Sensex at new high: These 7 stocks available at minimum 15% discount to their 52-week high

Most of the Sensex stocks are now hovering around their 52-week high. Most of these 7 stocks have already run up in FY21 so far

February 04, 2021 / 11:52 AM IST
The benchmark index, BSE Sensex hit an all-time high of 50,526.39 on February 3 enthused by the Budget 2021 announcements. And the positive global cues also added to the euphoria. Most of the Sensex stocks are now hovering around their 52-week high. But seven stocks among Sensex30 are still available at least 15 percent discount from their 52-week high level. Most of these stocks have already run up in FY21 so far. (Data Source: ACE Equity).
The benchmark index, BSE Sensex hit an all-time high of 50,526.39 on February 3 enthused by the Budget 2021 announcements. And the positive global cues also added to the euphoria. Most of the Sensex stocks are now hovering around their 52-week high. But seven stocks among Sensex30 are still available at least at 15 percent discount from their 52-week high level. Most of these stocks have already run up in FY21 so far. (Data Source: ACE Equity).
IndusInd Bank  | As of February 3, the stock was trading at Rs 975.00, which is still 38 percent away from its 52-week high of Rs 1345.95.
IndusInd Bank  | As of February 3, the stock was trading at Rs 975.00, which is still 38 percent away from its 52-week high of Rs 1345.95.
NTPC | As of February 3, the stock was trading at Rs 94.25, which is still 26 percent away from its 52-week high of Rs 118.85.
NTPC | As of February 3, the stock was trading at Rs 94.25, which is still 26 percent away from its 52-week high of Rs 118.85.
Dr. Reddys Laboratories  | As of February 3, the stock was trading at Rs 4484.25, which is still 23 percent away from its 52-week high of Rs 5514.65.
Dr. Reddys Laboratories  | As of February 3, the stock was trading at Rs 4484.25, which is still 23 percent away from its 52-week high of Rs 5514.65.
Reliance Industries  | As of February 3, the stock was trading at Rs 1926.45, which is still 23 percent away from its 52-week high of Rs 2368.80.
Reliance Industries  | As of February 3, the stock was trading at Rs 1926.45, which is still 23 percent away from its 52-week high of Rs 2368.80.
Oil & Natural Gas Corporation  | As of February 3, the stock was trading at Rs 92.90, which is still 18 percent away from its 52-week high of Rs 109.75.
Oil & Natural Gas Corporation  | As of February 3, the stock was trading at Rs 92.90, which is still 18 percent away from its 52-week high of Rs 109.75.
Hindustan Unilever  | As of February 3, the stock was trading at Rs 2231.85, which is still 17 percent away from its 52-week high of Rs 2614.00.
Hindustan Unilever  | As of February 3, the stock was trading at Rs 2231.85, which is still 17 percent away from its 52-week high of Rs 2614.00.
Asian Paints  | As of February 3, the stock was trading at Rs 2463.25, which is still 17 percent away from its 52-week high of Rs 2871.40.
Asian Paints  | As of February 3, the stock was trading at Rs 2463.25, which is still 17 percent away from its 52-week high of Rs 2871.40.
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Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.
Ritesh Presswala Research Analyst at Moneycontrol
first published: Feb 4, 2021 11:52 am

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