From 52-week low, these largecap stocks are among the top gainers

Know which market leaders have witnessed fresh buying after hitting a 52-week low.

With the market pain more in the broader market, Nifty Midcap and Smallcap took a blow of 2.3 per cent and 3.2 per cent respectively. 

At the closing bell on June 20, the Sensex closed at 51,597.84 up by 0.5 per cent or 237.42 points, while the Nifty index closed at 15,350.15 up 0.4 per cent or 56.65 points. 

Pidilite Industries, UltraTech Cement and Asian Paints witnessed positive action in today’s session. 

Pidilite Industries Ltd, the market leader in adhesives and sealants with the popular brand “FEVICOL” gained 5.46 per cent in today’s session after logging a fresh 52-week low of Rs 1988.60 in the last session. The shares of Pidilite Industries closed at Rs 2109.10 with intra-day highs and lows of Rs 2118 and 2009.80, respectively. From its 52-week high of Rs 2764.60, the stock is currently trading at a discount of 40 per cent. 

Ultratech Cement Ltd witnessed a gain of 3.13 per cent in today’s session and closed at Rs 5339.75. The stock logged a 52-low in the previous session at Rs 5158.05 which was 37.6 per cent below its 52-week high of Rs 8267. UltraTech Cement Ltd is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India. It is also one of the leading cement producers globally. The shares of Ultratech Cement logged intraday high and low of Rs 5345.65 and Rs 5162.50. 

Asian Paints, the paint industry leader was among the top gainer among BSE “A” Group witnessing a rally of 2.96 per cent in today’s session. The shares of Asian paints have logged a fresh 52-week low on Friday, June 17 at Rs 2560.25. From its 52-week high of Rs 3588.05, the stock price has witnessed a downside of 28 per cent. In today’s session, the shares of Asian Paints logged an intraday high and low of Rs 2672 and Rs 2590, respectively and closed at Rs 2659.55.