Ashapura Minechem, Astra Microwave Products and Balmer Lawrie share price touches yearly high
Indian markets closed positive on Friday with share prices of Ashapura Minechem, Astra Microwave Products and Balmer Lawrie touching 52-week high during the trading session. Many companies are hovering around their yearly or all-time highs as Indian stock markets have been trading firm for the last few weeks. Markets are also near all-time highs for major indices and we can expect many stocks to outperform during the bullish phase for Indian equities.
Ashapura Minechem stock touched 52-week high of Rs 305 during the session but the stock closed at Rs 283, almost 3.3 percent lower. Ashapura Minechem is usually volatile in trade but yesterday’s session was weak for the stock even as it touched 52-week high. On technical charts, the stock is strongly overbought and short term traders should be cautious.
Astra Microwave Products touched yearly high at Rs 444 but the stock closed the session slightly lower at Rs 421.8, losing 0.3 percent during the session.
Balmer Lawrie stock was in demand on Friday with the counter touching yearly high at Rs 172.40. The stock ended the trading session at Rs 168.85, gaining 1.8 percent during the trade.
All investments in stocks should be made after conducting due-diligence. Stock markets can offer higher yields compared to other investing options but the risk is also high. Long term investments in stock markets generally outperform other investment streams in case the investment is made in reliable companies with strong performance and stellar management. TopNews provides information for investing community but due diligence should always be conducted before making investment decisions.