Several Nifty 200 stocks reached new 52-week highs today, Friday, reflecting strong growth prospects across various sectors. Among the companies hitting record peaks were Nestle India, Colgate-Palmolive (NYSE:CL) (India), One97 Communications (Paytm), Ramco Cements, and Bajaj Auto.
Nestle India, well-regarded for its quality and taste-oriented food and beverage products, surged to a record high of Rs 24,745. The company's stock performance underscores the robust demand for its offerings in the Indian market.
Colgate-Palmolive (India), recognized for improving oral health through its dental care and personal hygiene products, also saw its shares peak at Rs 2,129.40. The stock's rise reflects the company's continued success in the personal care sector.
One97 Communications (Paytm), a leading fintech firm providing a range of digital services, saw its shares climb to Rs 998.30. This indicates the growing investor confidence in digital payment platforms and fintech solutions in India.
The Ramco Cements, a key player in India's infrastructure development through cement manufacturing, reached a high of Rs 1,016.20. The company's stock performance signifies the ongoing strength of the construction and infrastructure sector.
Lastly, Bajaj Auto, known for its innovative two-wheelers and three-wheelers, ascended to Rs 5,510. The rise in Bajaj Auto's shares is indicative of the sustained demand for its vehicles amid a recovering automotive industry.
The data was obtained from StockEdge at 1:50 p.m., with potential real-time update lags. Additional updates are available via the ETMarkets WhatsApp channel subscription service. It's important to note that this information is derived from an AI-generated article and does not reflect the views of the Economic Times.
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