- Date : 03/02/2023
- Read: 2 mins
Thursday saw Sensex (benchmark index) touch 59,932.
Thursday saw Sensex touch 59,932. It closed 224 points higher, and four stocks touched their 52-week highs. These stocks were in the BSE consumer discretionary index. A 52-week high is a price at which a stock reaches the maximum point in the previous year. It is a technical indicator that many investors use to analyze a stock's current value to predict its future movement.
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Blue Star
Blue Star has gained around 11% in the last month, and its 52-week high has been Rs. 1337.5. It is currently trading around the Rs. 1329.55 mark. Blue Star is a commercial refrigeration and air conditioning firm. Its consolidated net profit for the December quarter stood at Rs. 58.41 crores. Its regulatory filing showed an Rs. 47.57 crore profit at the same time in the previous year. Its consolidated revenue grew to Rs. 1,788.2 crores compared to Rs. 1,506.22 crores at the same time last year.
MPS
MPS has gained around 27% in the last month, and its 52-week high has been Rs. 1051.9. It is currently trading around the Rs. 1049.6 mark. The stock might not be a large-cap stock, but it has received much attention from investors. Investors might want to invest in this as it has a robust outlook. Estimations suggest it will grow by 29% in the next two years, leading to an increased valuation.
Rajesh Exports
Rajesh Exports has gained around 22% in the last month, and its 52-week high has been Rs. 915.4. It is currently trading around the Rs. 892.05 mark. It has been rallying, and its investors are happy. However, its financials might look tricky to some.
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Sterling Tools
Sterling Tools has gained around 38% in the last month, and its 52-week high has been Rs. 376.4. It is currently trading around the Rs. 372.95 mark. Its shares have been rallying in a somewhat bearish environment, and its net profit increased by more than two times in the quarter and 9 months ending December last year. Its stock has grown by over 40$ in the previous month. It hit its record high in December 2017 (Rs. 478).
Conclusion
These four stocks have touched their 52-week highs, and experts suggest they are good stocks to look at. Consult your financial advisors and check if you can invest in these for gains.
