NIFTY 50 made a 52-week high of 26,277.35 on 27 September 2024. Now, it has plunged by over 14%. Between October 2024 and February 2025, Foreign Institutional Investors (FIIs) have withdrawn approximately ₹2.19 lakh crore. Let’s look at some stocks that made new highs despite market turndown.
Welspun Corp Ltd
Welspun Corp Limited, headquartered in Mumbai, India, is one of the largest manufacturers of large-diameter pipes globally. The company also manufactures BIS-certified Steel Billets, TMT Rebars, Ductile Iron Pipes, Stainless Steel Pipes, Tubes, and Bars. It also acquired Sintex-BAPL, a market leader in water tanks and other plastic products.
With a market cap of Rs 21,402 crores. It made an all-time high of Rs 842.95 per share, up by 3.25 percent from its previous day’s close price of Rs 816.40 per share. It has a high ROE and ROCE of 19.8 percent and 20.2 percent respectively. Also, it has a PE of 14.5x, which is lower than the industry PE of 17.12x.
Sarda Energy and Minerals Ltd
Sarda Energy and Minerals Ltd is the flagship company of Sarda Group. It is engaged in the production of steel, ferro alloys, and power. SEML is one of the lowest-cost producers of steel (Sponge Iron, Billets, Ferro Alloys, Mining, Power, Pellets, Iron Ore, Wire Rod Mill, Eco Bricks) and one of the largest manufacturers and exporters of ferro alloys in India.
With a market cap of Rs 18,648 crores. It made an all-time high of Rs 537.40 per share, up by 1.88 percent from its previous day’s close price of Rs 527.45 per share. It has an ROE and ROCE of 14.1 percent and 15.3 percent respectively. Also, it has a PE of 27.5x, which is higher than the industry PE of 22.60x.
TechNVision Ventures Ltd
TechNVision Ventures Limited is a global provider of information technology products and services, offering enterprise solutions in data management, cash flow automation, and talent management. Its enterprise data management services help organizations with database archiving, test data management, data masking, and application retirement.
The company also provides an enterprise cash flow management solution to automate financial processes and enterprise talent management services for sourcing, applicant tracking, and B2B staffing exchanges across industries such as hi-tech, engineering, medical, pharmaceutical, banking, and finance.
With a market cap of Rs 4,003 crores. It made an all-time high of Rs 6,373.75 per share, up by 5 percent from its previous day’s close price of Rs 6,070.25 per share. It has an ROCE of 94.7 percent.. Also, it has a PE of 408x, which is higher than the industry PE of 27.48x.
TAJGVK Hotels & Resorts Ltd
TAJGVK Hotels & Resorts Limited owns, operates, and manages luxury hotels, palaces, and resorts under the TAJ brand in India. Its portfolio includes Taj Krishna, Taj Deccan, and Vivanta Begumpet in Hyderabad, Taj Chandigarh in Chandigarh, and Taj Club House in Chennai.
The company is a key player in India’s hospitality industry, offering premium experiences in upscale accommodations and services. It is a joint venture between GVK group and Indian Hotels Company Ltd (IHCL)
With a market cap of Rs 3,147 crores. It made an all-time high of Rs 514 per share, up by 2.6 percent from its previous day’s close price of Rs 500.95 per share. It has an ROE and ROCE of 14.8 percent and 18.8 percent respectively. Also, it has a PE of 34.2x, which is in line with that of its industry PE of 34.64x.
Written by Satyajeet Mukherjee
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