The domestic market has regained some levels in the last 3 weeks, but it is still in a significant correction period. The BSE Sensex was last seen trading down 0.088 per cent from its all-time high of 62245.43 at 55,769.23, down 10.40%, while the NSE Nifty was last seen trading at 16,584.30, down 10.85. far from the percentage. It is an all-time high but is up over 7.33 per cent from its 52-week low. Despite the fact that Foreign Institutional Investors (FIIs) were the big sellers of amounts in excess of the domestic market 6,600 crores, is projected to maintain its growth despite market volatility, but the upcoming monetary policy meeting, and any global outcome may place the market on a negative trend. Despite market weakness and significant sell-off, here are three NSE-listed multibagger stocks that recently hit new 52-week highs to watch over the next week.
Cloudy Finchem
Shares of Meghmoney Finchem closed on the market price in Friday’s trading session 1,427.00, down 1.29 per cent from their previous close 1445.65. On the other hand, on 03-Jun-22, the stock managed to hit an intraday high 1,557.90, setting a new 52-week high. The previous high for the stock was 1,526.00, which happened on April 26, 2022. On 18-Aug-21, the stock hit a 52-week low. 387.10 and based on the last traded value of 1,427, it is trading 8.40 per cent below its 52-week high and 268 per cent above its 52-week low. out of stock 405.65 at current levels as on August 18, 2021, represents a multibagger return of 250.60 per cent in 1 year. Year-to-date (YTD), the stock is up 82.13 per cent in 2022, and Megamoney Finchem is now trading above the 5-day, 20-day, 50-day, 100-day and 200-day moving averages. with a market capitalization of 5,927.34 crores, the company’s P/E is 23.45, P/B is 8.16 and ROE is 34.82.
Mirza International
stock market closed at price 241.80 on Friday, up 0.77 percent from its previous close 239.95. On Friday, the stock gained 0.92 per cent to hit a new 52-week high and hit an all-time high of Rs 249.05. The stock had a 52 week high 243.40, which was scheduled on 02-June-2022. As per the previous trading price, the stock is now trading up 3.08 per cent from its 52-week high and 359 per cent above its 52-week low. On NSE, the stock has risen by 56.75 on 7th June 2021 The turnover was 241.80 in the previous trade, resulting in a multibagger return of 326.08 per cent in one year. On a year-to-date (YTD) basis, the stock has gained 127.20, from January 3, 2022, for a total return of around 90.09 per cent in 2022 so far. out of stock 101.70 in the last six months to the current level, resulting in a multibagger return of 137.76 per cent. Shares of Mirza International are now trading above their 5 day, 20 day, 50 day, 100 day and 200 day moving averages.
TD Power Systems
closed on stock 475.45 on Friday, down 5.00 per cent from its previous close 500.45. The stock touched a new 52-week high 518.65 on 03-Jun-22, as against the previous 52-week high 504.00 on 02-Jun-2022. Shares hit 52-week low 176.05 on August 21 and is now trading 8.32 percent below its 52-week high and 170 percent above its 52-week low. TD Power Systems shares rise 205.15 at current levels as on June 7, 2021, represents a multibagger return of 131.76 per cent. So far in 2022, the stock has gained 9.58 percent year-over-year (YTD). TD Power Systems is currently trading above the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages as the stock fell after 5 straight days of gains on Friday. with a market capitalization of 1,478 crores, the firm has a P/E of 20.94 and a P/B of 2.81, a book value per share of 169.49 and an ROE of 10.41.