Mumbai, October 1 (Market Update) – Despite the benchmark Sensex slipping nearly 97 points on Tuesday to close at 80,267, select stocks bucked the market trend with sharp rallies. Nine companies from the BSE 1000 index surged to new 52-week highs, signalling robust momentum and investor confidence.
Market experts often see such breakouts as bullish indicators, suggesting the potential for further upside if momentum continues.
Key Stocks Hitting 52-Week Highs
Netweb Technologies India
- New high: ₹3,750
- CMP: ₹3,648.05
Tata Investment Corporation
- New high: ₹10,606.1
- CMP: ₹10,403.55
V2 Retail
- New high: ₹2,219.05
- CMP: ₹2,129.95
Lumax Industries
- New high: ₹5,089
- CMP: ₹5,022
Paushak
- New high: ₹7,244.95
- CMP: ₹7,077.50
TD Power Systems
- New high: ₹593.65
- CMP: ₹590.50
Muthoot Finance
- New high: ₹3,119.85
- CMP: ₹3,072.80
Indian Bank
- New high: ₹760.85
- CMP: ₹751.10
RBL Bank
- New high: ₹279.95
- CMP: ₹277.60
Market Takeaway
While broader indices like the Sensex witnessed a mild decline, individual counters such as Tata Investment, Netweb Technologies, and Muthoot Finance have shown remarkable strength, some delivering gains of up to 65% in just one month.
Such strong performance by select midcap and financial stocks highlights investor appetite for quality names, even as overall market volatility persists.