5 financial sector stocks hit new 52-week high

Private financial sector stocks figuring in the CNX Nifty seemed to have picked up today from where they left yesterday with five of them hitting fresh 52-week highs in the first hour of trading on the NSE.

The only stock to lose out in the race was ICICI Bank that was inching close to its 52-week high.

Axis Bank was the biggest gainer in value jumping by Rs 28.30 to trade at Rs 1,537. The stock touched a fresh 52-week high of Rs 1,538.90 today, before being down by less than Rs 2.

IndusInd Bank was up by Rs 7.60 at Rs 521.65 and it also hit a new 52-week high of Rs 522 this morning. HDFC Bank shares raced to a new yearly high of Rs 721.50 and the stock was holding at Rs 719.90, up by Rs 5.05.

Its parent HDFC also joined the party, hitting a new 52-week high of Rs 917.50 but was down marginally to Rs 911.45. Kotak Mahindra Bank , which was initially trailing, pulled back and touched a new 52-week high of Rs 771.35, before easing to Rs 770.70, a gain of Rs 2.45.

But ICICI Bank did not make it to the list of private financial sector stocks hitting a fresh 52-week high today, though it came close to it. Its shares gained Rs 26.30 to trade at Rs 1,217.55. The stock’s 52 week high was Rs 1,232.