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Among them, 16 stocks have risen to a record high, indicating strong resilience. Meanwhile, the Nifty itself rose just 1 percent.
Nykaa expects discretionary spending to recover as seasonal demand picks up.
The stock surged 20 percent to settle at Rs 168.90 apiece -- its upper circuit limit as also a 52-week high level -- on the BSE.
Several foreign brokerages including JP Morgan, Citi and Bank of America Securities have charted out a positive growth outlook for Paytm operator, One97 Communications
Stocks of 63 IPOs launched and listed in 2021 slid way below their 52-week or post-listing highs
Stocks that are down in double digits include Tata Steel, UPL, Bajaj Finance, NTPC, Kotak Mahindra Bank, Bharti Airtel, Tata Motors, Axis Bank, Bajaj Finance, and IndusInd Bank among others
Out of 116 stocks, 48 scrips, including Dixon Tech, Avenue Supermarts, Info Edge, Marico and Adani Ports, have hit their all-time high in December.
The 56 stocks which hit fresh record highs in September include prominent names like RIL, Infosys, TCS, HCL Tech, Asian Paints, Dr Reddy’s Laboratories, L&T Infotech, and Jubilant FoodWorks etc.
Experts say going ahead auto, pharma and chemicals sector look attractive. Analysts name 20 stocks that have a potential to outperform in August. These include Wockhardt, PI Industries and Rallis India
Out of 160 stocks that hit a fresh 52-week high in July, as many as 32 of them have already rallied more than 100 percent so far in the year 2020.
Experts in favour of remaining invested in the stock for a long term, but a mild profit booking could take place at higher levels as we approach September quarter results.
35 stocks have hit new 52-week high on the BSE including names like Aurobindo Pharma which is trading at 4-month high while HCL Technologies have hit record high levels.
The top gainers from NSE were ICICI Bank that jumped 2.5 percent followed by IndusInd Bank, Titan Company, Asian Paints and Larsen & Toubro
Investors will be better off not to touch high beta names until some clarity emerges with respect to General Elections 2019
The S&P BSE Sensex came under pressure after the minutes released from Federal Reserve overnight indicated that it could change its bond investment policy this year.
Punjab National Bank has touched an intraday high of Rs 823.00 and an intraday low of Rs 770.15. At 14:37 hrs Punjab National Bank was quoting at Rs 818.80, up Rs 53.20, or 6.95 percent.
HDFC touched a 52-week high of Rs 915 on Wednesday.
DLF was quoting at Rs 235.75, up Rs 5.45, or 2.37 percent at 11:03 am. It has touched an intraday high of Rs 236.15 and an intraday low of Rs 232.60. The stock gained over 2 percent after a strong response to its Institutional Placement Programme yesterday.
Maruti Suzuki India was top gainer on the Sensex. At 11:32 hrs, It has touched an intraday high of Rs 1,712.85 and an intraday low of Rs 1,666.
In the last one month HMT rose over 32 percent. Today the stock surged 6.5 percent after reports of government‘s recast plan will be implemented in a phased manner.
Cipla shares rose over 3 percent to a 52-week high of Rs 395.65 on Tuesday after the street cheered its healthy growth in the second quarter.
Stock-trader Atul Suri explains to CNBC-TV18 that the market reaching a 52-week high on short-covering and without domestic participation is the perfect cocktail to send the market to even higher levels.
The markets closed on strong note, recovered almost what it lost in previous two sessions. The BSE Sensex gained 265 points or 1.46%, to close at 18,439.48 and Nifty was up 86 points or 1.58% at 5,531.50.
