Top Three Nifty 50 Stocks Trading Near Their 52-Week Highs - Do you own them?
These stocks are trading near their 52-week highs, supported by regulatory approvals, fundraising initiatives, and strong production growth despite market volatility.
Several stocks from the Nifty50 universe are trading close to their 52-week highs despite market volatility. This highlights strong investor confidence in these companies, driven by fundamental developments and positive business outlooks.
Kotak Mahindra Bank Ltd
Kotak Mahindra Bank Ltd is currently trading at Rs 1,987.05, just 0.53 per cent below its 52-week high of Rs 1,997.70, recorded on 12 March 2025. The stock has gained momentum after the Reserve Bank of India (RBI) lifted restrictions on new credit card issuances and online account openings. This regulatory relief has been well-received by investors, with brokerages revising target prices upwards. The bank’s strong presence in the high-return credit card business and digital customer acquisition further supports its stock price.
DSIJ offers a service 'Pop Options" with recommendations for profitable options based on research and analysis to help subscribers make healthy profits. If this interests you, then do download the service details pdf here
Bajaj Finance Ltd
Bajaj Finance Ltd is trading at Rs 8,478.30, which is 2.98 per cent below its 52-week high of Rs 8,739.00, recorded on 27 February 2025. The stock has seen strong demand after the company announced plans to raise Rs 24.30 billion through a bond reissue, including a greenshoe option of Rs 20.25 billion. This fundraising initiative reflects the company's strategy to strengthen its financial position, boosting investor confidence and keeping the stock price near its peak levels.
JSW Steel Ltd
JSW Steel Ltd is currently priced at Rs 1,008.20, which is 5.16 per cent below its 52-week high of Rs 1,063.00, recorded on 4 October 2024. The stock has surged to a four-month high following a 12 per cent year-on-year increase in consolidated crude steel production for February 2025. Domestic operations saw a robust 13 per cent rise, contributing to positive investor sentiment. Despite a more than 70 per cent drop in Q3 FY25 net profit due to higher expenses, the stock has gained nearly 24 per cent in the past year, reflecting optimism around its production growth and future prospects.
These three Nifty50 stocks remain resilient, trading close to their respective 52-week highs despite broader market corrections. Investor optimism is backed by strong fundamentals, regulatory developments, and strategic initiatives undertaken by these companies.
Disclaimer: The article is for informational purposes only and not investment advice.