3 NSE-listed multibagger stocks of 2022 made a new 52-week-high in trade today

Rajnandini Metallic Ltd

At present’s closing worth for Rajnandini Metallic Ltd shares was ₹456.90, up 3.92 per cent from yesterday’s shut of ₹439.65. On the identical closing worth, the inventory reached a brand new 52-week excessive; its earlier 52-week excessive was ₹449.00, reached on Might 5, 2022. The inventory has risen from ₹102 on July 15, 2021, to its present stage through the previous 12 months, representing a multibagger return of 347.94 per cent. The inventory has gained from ₹173.20 on January 3, 2022, to the present stage on a YTD foundation, representing a multibagger return of 163.80 per cent to this point in 2022. The inventory surged from ₹187.85 on January 17, 2022, to its present worth through the previous six months, representing a multibagger return of 143.23 per cent. The 52-week low for the inventory was Rs. 100.73, which was reached on July 14, 2021, that means that on the present worth, Rajnandini Metallic is buying and selling 353.56% increased than the low. It is usually now buying and selling above the 5 days, 20 days, 50 days, 100 days, and 200-day shifting averages.

Hardwyn India Ltd

The inventory has dropped 2.23 per cent from its earlier shut and settled at ₹265.25 after hitting a brand new 52-week excessive of ₹277.95. The inventory’s earlier 52-week excessive reached on July 13, 2022, was ₹271.85. The shares of Hardwyn India climbed from ₹120 on April 12, 2021, to the present worth, representing a multibagger return of 121.04 per cent over that point. The inventory has supplied the identical or constant multibagger return of 121.04 per cent YTD over the previous six months. On April 12, 2022, the inventory reached a 52-week low of ₹120.00, that means that it’s at the moment buying and selling 121.04 per cent above that low. The RSI indicator of ₹67.90 is within the mid-zone, neither overbought nor oversold, and the inventory is now buying and selling increased than the 5-day, 20-day, 50-day, 100-day, and 200-day shifting averages.

Worldwide Constructions Ltd

The inventory reached a brand new 52-week excessive of ₹125.35 throughout buying and selling at present and closed on the identical worth, closing with an upside hole of 4.98 per cent from its earlier shut of ₹119.40. The earlier 52-week-high of the inventory was ₹122.50 which was made on 04-Might-2022 and the inventory had touched a 52-week-low of ₹18.95 on thirty first December 2021 which signifies that on the present worth stage the inventory is buying and selling 561% above the 52-week-low stage. The inventory climbed from ₹22.85 on July 15, 2021, to its present worth through the course of the previous 12 months, representing a multibagger return of 448.58 per cent. In keeping with YTD information, the inventory has surged from ₹20.85 on January 4, 2022, to its present stage, representing a multibagger return of 501.20 per cent to this point in 2022. The inventory has risen from ₹29.10 on January 17, 2022, to its present stage through the previous six months, representing a multibagger return of 330.76 per cent. On the present worth stage, the shares of Worldwide Constructions Ltd are buying and selling increased than 5 days, 20 days, 50 days, 100 days and 200-day shifting averages.

Commenting on the efficiency of Nifty at present, Shrikant Chouhan, Head of Fairness Analysis (Retail), Kotak Securities Ltd stated “Market is solely following herd mentality as a lot of the world indices exhibited weak point, prompting home traders to additional prune their holdings in equities. Led by a steep fall in IT shares, metals & choose banking counters, key benchmarks ended weak in one more fragile buying and selling session. Traders offloaded their holdings in frontline know-how shares on worries that slowdown in western & the US might squeeze margins of home IT corporations. Technically, the Nifty has been constantly buying and selling beneath 16000 and the 50-day SMA (Easy Shifting Common) mark which is broadly unfavourable. On intraday charts, the index is holding on to a decrease prime formation which signifies brief time period weak point. For bulls, 16000 can be the important thing resistance stage and above the identical, the index might transfer as much as 16100-16150. On the flip aspect, 15850 can be the important thing assist stage and if it slips additional, the index might fall as much as 15800-15725 ranges.”

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