{"id":106142,"date":"2023-08-03T16:48:51","date_gmt":"2023-08-03T11:18:51","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=106142"},"modified":"2023-08-03T16:57:51","modified_gmt":"2023-08-03T11:27:51","slug":"multibagger-stocks-that-hit-a-52-week-high-amid-weakness-in-the-market","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-stocks-that-hit-a-52-week-high-amid-weakness-in-the-market\/","title":{"rendered":"Multibagger stocks that hit 52-week high amid weakness in the market\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2732601036\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Indian equity benchmarks BSE Sensex and NSE Nifty 50 ended in the red for eight sessions in a row on Thursday, led by losses in financial shares and Reliance. The Sensex settled at 65,240.68 points (down 0.82 percent), while the Nifty closed for the day at 19,381.65 points (down 0.74 percent).&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3670642223\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Meanwhile, here are a few multibagger stocks that touched a fresh 52-week high amid the weakness in the markets:&nbsp;<\/p><h4 class=\"wp-block-heading\" id=\"h-indian-railway-finance-corporation-irfc\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/IRFC\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Indian Railway Finance Corporation<\/a> (IRFC)\u00a0<\/strong><\/h4><p>IRFC borrows funds from the financial markets to finance the acquisition\/creation of assets which are then leased out to the Indian Railways as a finance lease. It is a large-cap company with a market capitalization of \u20b9 51,882 crores and its shares reached a 52-week high of \u20b9 45.30 on Thursday.&nbsp;<\/p><p>The company\u2019s share price increased from \u20b9 21.30 apiece a year ago and settled at \u20b9 45.30, delivering multibagger returns of 112.68 percent. Therefore an investment of \u20b9 1 lakh in its shares a year ago would be worth \u20b9 2.12 lakhs today!&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1020326900\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h4 class=\"wp-block-heading\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ELECON\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Elecon Engineering Company<\/a>\u00a0<\/strong><\/h4><p>The company is involved in the designing and manufacturing Material Handling Equipment and Incraft carriers. It is a small-cap company with a market capitalization of \u20b9 8,902 crores and its shares touched a 52-week high of \u20b9 820.00.&nbsp;<\/p><p>On Thursday, the company\u2019s shares closed at \u20b9 819.00 apiece, indicating that it has delivered multibagger returns of 137.60 percent in the past year. Its shares quoted at \u20b9 344.70 apiece during the same time last year. Therefore an investment of \u20b9 1 lakh in its shares a year ago would be worth \u20b9 2.37 lakhs today!&nbsp;<\/p><h4 class=\"wp-block-heading\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/GPIL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Godawari Power and Ispat\u00a0<\/a><\/strong><\/h4><p>The company is mainly engaged in the business of mining iron ore and manufacturing iron ore pellets, sponge iron, steel billets, wire rods, h.b. wire and ferroalloys with the generation of electricity.&nbsp;<\/p><p>On Thursday, Godawari Power and Ispat\u2019s shares settled at \u20b9 588.85 apiece, indicating multibagger returns of 110.08 percent as compared to its share price of \u20b9 280.30 apiece a year ago. Therefore an investment of \u20b9 1 lakh in its shares a year ago would be worth \u20b9 2.10 lakhs today!<\/p><p>A few other stocks that touched their 52-week high on Thursday include Sun Pharmaceutical Industries, Dr Reddy&#8217;s Laboratories, Zomato, IDBI Bank, Berger Paints, Abbott India, Aurobindo Pharma, Alkem Laboratories, Lupin, MRF, Poonawala Fincorp, Ajanta Pharma, and Hindustan Copper.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-920462928\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-1923945239\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Indian equity benchmarks BSE Sensex and NSE Nifty 50 ended in the red for eight sessions in a row on Thursday, led by losses in financial shares and Reliance. The Sensex settled at 65,240.68 points (down 0.82 percent), while the Nifty closed for the day at 19,381.65 points (down 0.74 percent).&nbsp; Meanwhile, here are a [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":97870,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[3854,5929,948,936,3852,7081],"class_list":["post-106142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-52-week-high-stocks","tag-multibagger-stocks-at-52-week-high","tag-stock-market","tag-stock-market-news","tag-stocks-at-52-week-high","tag-stocks-that-touched-52-week-high-today"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Multibagger stocks that hit 52-week high amid weakness in the market\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Indian equity benchmarks BSE Sensex and NSE Nifty 50 ended in the red for eight sessions in a row on Thursday, led by losses in financial shares and Reliance. The Sensex settled at 65,240.68 points (down 0.82 percent), while the Nifty closed for the day at 19,381.65 points (down 0.74 percent).\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/multibagger-stocks-that-hit-a-52-week-high-amid-weakness-in-the-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Multibagger stocks that hit 52-week high amid weakness in the market\u00a0\" \/>\n<meta property=\"og:description\" content=\"Indian equity benchmarks BSE Sensex and NSE Nifty 50 ended in the red for eight sessions in a row on Thursday, led by losses in financial shares and Reliance. 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