Stock Market Today: 55 Stocks Hit 52-Week High Despite Market Crash
55 Stocks Hit 52 Week High: The Indian stock market witnessed a sharp downturn on Tuesday, February 11, as both the Sensex and Nifty continued their losing streak for the fifth consecutive session. Despite the broad-based selloff, 55 stocks managed to hit their 52-week highs on the Bombay Stock Exchange (BSE), defying the overall bearish sentiment.
Among the stocks that touched their yearly peak were Nippon India, Kotak Mahindra Bank, Indo Thai Securities, and Norben Tea Export. Additionally, stocks like Adhata Global Ltd, Blue Coast Hotels, Indobell Insulations, Balgopal Commercial, Jyothi Infraventures, and Relic Technologies also registered new highs, signaling selective buying interest amid the market turmoil.
Stock Market Crash: Sensex and Nifty Plunge Over 1% Each
On Tuesday, February 11, 2025, the Indian stock market suffered another major setback. The BSE Sensex tumbled 1,018 points (1.32%), closing at 76,293.60, while the Nifty 50 dropped 310 points (1.32%), ending the session at 23,071.80.
This marks a continued downward trajectory for the indices, as over the past five trading sessions, the Sensex has fallen by 2,290 points, while the Nifty 50 has shed 667 points, translating into a 2.8% market decline.
Moreover, the total market capitalization of BSE-listed companies has plummeted to ₹408.5 lakh crore from ₹425.5 lakh crore on February 4, when the Sensex last closed in positive territory. This massive slump has resulted in an investor wealth erosion of nearly ₹17 lakh crore.
Why is the Market Falling?
Several factors contributed to the bearish sentiment in the Indian stock market:
- Escalating Global Trade War: The market was shaken by concerns over rising trade tensions after former U.S. President Donald Trump imposed a 25% import tariff on steel and aluminum. This decision is expected to impact Indian exports, creating uncertainty in the financial markets.
- Concerns Over Government Spending: Investors are worried about subdued government spending, which could slow economic growth and impact corporate earnings.
- Weak Corporate Earnings: The ongoing earnings season has been disappointing, leading to a lack of confidence among investors.
- Technical Weakness: From a technical standpoint, the Nifty 50 continues to trade below the key 21-day exponential moving average (EMA), suggesting a bearish outlook.
Market Expert Opinions
Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd., believes that widespread selling in Indian markets is largely due to fears of global trade disruptions and weak domestic earnings.
Meanwhile, Rupak De, Senior Technical Analyst at LKP Securities, pointed out that Nifty is still on a downward trend but nearing a critical falling wedge support level.
- Key Support Level: 22,900 – 22,940
- Resistance Level: 23,300
If Nifty manages to hold the support level, a short-term bounce-back could be expected. However, a further breakdown may lead to deeper corrections.
55 Stocks That Hit 52-Week High Despite Market Rout
Despite the carnage in the broader market, 55 stocks managed to hit their 52-week highs, reflecting sectoral resilience and stock-specific strength.
Some of the notable names include:
| Stock Name | Industry | Last Close Price (₹) | 52-Week High (₹) | P/E Ratio | Market Cap (₹ Cr) |
|---|---|---|---|---|---|
| Nippon India | Financial Services | 470 | 475 | 32.5 | 45,000 |
| Kotak Mahindra Bank | Banking | 1,850 | 1,865 | 22.8 | 3,70,000 |
| Indo Thai Securities | Financial Services | 125 | 128 | 18.4 | 560 |
| Norben Tea Export | Agriculture | 46 | 48 | 15.2 | 200 |
| Adhata Global Ltd | Textiles | 190 | 195 | 24.5 | 750 |
| Blue Coast Hotels | Hospitality | 520 | 530 | 28.1 | 2,100 |
| Indobell Insulations | Industrials | 250 | 255 | 19.6 | 850 |
| Balgopal Commercial | Retail | 78 | 81 | 12.7 | 320 |
| Jyothi Infraventures | Infrastructure | 415 | 422 | 20.5 | 1,400 |
| Relic Technologies | IT Services | 135 | 138 | 21.9 | 670 |
(Note: Prices and financial ratios are for illustrative purposes.)
What Lies Ahead for the Market?
While the overall sentiment remains weak, analysts believe that the market could soon stabilize if:
✅ Global trade tensions ease
✅ Corporate earnings improve in the next quarter
✅ Government policies support economic growth
For now, investors are advised to exercise caution, focus on fundamentally strong stocks, and watch for key support levels in the Nifty and Sensex.
Final Thoughts
Even as the stock market grapples with a severe downturn, pockets of strength still exist, as evident from the 55 stocks hitting new highs. While short-term volatility persists, long-term investors should remain focused on quality companies and broader economic trends.
Key Takeaways
- Sensex and Nifty fell over 1% each, extending the losing streak to five sessions.
- ₹17 lakh crore investor wealth wiped out in just one week.
- Global trade war concerns and weak earnings are major reasons for the market decline.
- Despite the fall, 55 stocks hit their 52-week highs, showcasing resilience.
- Technical indicators suggest potential support near 22,900 – 22,940 on Nifty.
As the markets remain on edge, it’s crucial for investors to stay informed and make data-driven decisions to navigate the volatility ahead.
For more market insights, follow our blog.
Stay tuned for more updates and insights on the stock market! For more insights on investing in the Indian stock market, check out resource like ET, NSE India.
Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.