Stock Market Update: Top 52-Week Highs on NSE Amid Mixed Trading

Stocks such as Zydus Lifesciences, Lupin, and CMI Ltd hit 52-week highs on NSE during Monday's trade, while Tata Consumer, Axis Bank, Kotak Bank, and Hero MotoCorp ended in the red. The Nifty50 index closed 120.75 points down at 25,517.05. Traders bought into IT Enabled Services, General, Tourism & Hospitality, Retail, and Auto sectors, while selling was seen in NBFC, Industrial Consumables, Financial Services, Construction, and Real Estate sectors.

On Monday, the National Stock Exchange (NSE) witnessed a mixed market sentiment, with several key stocks reaching new 52-week highs while others ended in the red. The Nifty50 index closed 120.75 points down at 25,517.05.

Lupin Ltd (LUPIN)
Lupin Ltd, a prominent player in the pharmaceutical sector, hit a new 52-week high of Rs 2,312.00. The stock's share price was down by -3.22% from the previous closing price of Rs 2,286.05 [1]. The company's market capitalization stood at Rs 1,04,276.64 crores, with a PE ratio of 46.03 and a PB ratio of 7.29. The stock opened at Rs 2300 and touched a high of Rs 2304.9, with a low of Rs 2202.1. Promoters of Lupin Ltd include M D Gupta, Nilesh Deshbandhu Gupta, Vinita Gupta, R V Satam, Jean-Luc Belingard, Ramesh Swaminathan, Mark D McDade, K B S Anand, Punita Kumar Sinha, Jeffrey Kindler, and Alfonso Zulueta [1].

Zydus Lifesciences
Zydus Lifesciences also reached a new 52-week high, although specific data on its share price and market capitalization were not provided in the source materials [2].

CMI Ltd
CMI Ltd hit a new 52-week high, with its share price moving down by -4.77% from its previous close of Rs 3.15. The stock's current price is Rs 3.00, with a market capitalization of Rs 4.81 crores. The company has spent 2.82% of its operating revenues towards interest expenses and 8.76% towards employee costs in the year ending Mar 31, 2024 [3].

Other Stocks
Other notable stocks that ended in the red include Tata Consumer, Axis Bank, Kotak Bank, and Hero MotoCorp. Traders bought into IT Enabled Services, General, Tourism & Hospitality, Retail, and Auto sectors, while selling was seen in NBFC, Industrial Consumables, Financial Services, Construction, and Real Estate sectors.

Conclusion
The mixed market sentiment on Monday reflects the ongoing volatility in the stock market. While some sectors and companies continue to perform well, others face challenges. Investors are advised to stay informed and make decisions based on thorough analysis and market trends.

References
[1] https://www.businesstoday.in/stocks/lupin-ltd-lupin-share-price-362076
[2] https://www.techi.com/tmc-stock-52-week-high-korea-zinc-investment/
[3] https://economictimes.indiatimes.com/cmi-ltd/stocks/companyid-10789.cms