Market movers: These three stocks log 52-week high as markets weaken on negative global cues

Apcotex Industries, Adani Power and Swan Energy top Group A.

Domestic equity bourses Sensex and Nifty traded amid weak global cues on Monday and settled lower. The market weakness hit realty and metal shares. On the other hand, banking stocks rebounded on the back of ICICI Q4 results. 

At the closing bell on April 25, the Sensex shed 617 points or 1.1 per cent to close at 56,579.89, while the Nifty index lost 218 points or 1.3 per cent to settle at 16,953.95. 

Apcotex Industries, Adani Power and Swan Energy witnessed positive action in today’s session.   

Apcotex Industries gained 7 per cent today and settled at Rs 524. The shares of synthetic latex manufacturer logged a fresh 52-week high at Rs 534, while the intra-day low came in at Rs 485.80. A part of the Asian Paint group, the shares of the company have been rallying in last few sessions, surging 21 per cent in a week. 

The shares of Adani Power hit a 52-week high, as it gained 5 per cent today on the back of heavy volumes. The stock logged an intraday high of 272.15 at which it was locked at an upper circuit of 5 per cent. The stock of Adani group company has jumped 16.15 per cent in the past one week.  

Swan Energy Ltd gained 4.87% as it logged its fresh 52-week high at Rs 323.90, however, it settled at Rs 318 with a day’s gain of 2.96 per cent. The company is an emerging “green energy” manufacturer and marketer of cotton and polyester textile products in India.