Stocks that were in focus include names like The New India Assurance Company rose 20%, General Insurance Corporation gained more than 16% and Sun Pharma Advanced Research Company (SPARC) closed with gains of nearly 6% to hit a fresh 52-week high on Friday. We have collated a list of three stocks that either hit a fresh 52-week high, or all-time high or saw a volume or a price breakout.
“Filatex India Limited, a small cap company engaged in manufacturing and trading of synthetic yarn and related fabrics falls under ‘Other textile Industry. The stock has moved by significant volumes in the past few days indicating the investors interest,” Madhu Bansal, Research Head, The Finberg, said.
The turnaround in the company’s prospects has been aided by an improved outlook for its US formulations business, which contributes almost half of the company’s overall revenues.