Today the National Stock Exchange (NSE) Nifty50 index which opened on a flat note today near 11,261.90 is trading on a higher note at 11,346.75, 89.65 points up. (12:45 PM India GMT +5:30)
Around 15 stocks that touched their 52-week highs on NSE today including the Bajaj Finance Ltd which broke its previous 52-week high of Rs. 3165.00 and touched a new 52-week high of Rs. 3298.45 in today’s trading session.
The company had reported a 50 percent jump in its standalone net profit at Rs, 1,114 crore for January-March however it reported a net profit of Rs. 743 crore in the same quarter year ago. Jefferies maintained buy rating on Bajaj Finance, post Q4 Results, but raised its target price to Rs. 3600 from Rs. 3100 earlier.
The other stocks that hit their new 52-week highs include Aavas Financers, Atul Ltd, Bajaj Finserv, DCM Shriram, Kotak Mahindra Bank, Merck Ltd, Paisalo Digital, Seamec Ltd, and Titan Company Ltd among others.