Stock market live: ITC Hotels, JK Cement hit 52-week high; check details

NIFTY50 and SENSEX traded marginally lower amid profit booking on Friday, March 28. Despite weak sentiments, as many as 29 stocks hit their highest level in a year today.

Around 1 pm, benchmark NIFTY 50 index was trading 91 points, or 0.3%, lower at 23,500. The BSE SENSEX also lost 300 points, or 0.37%, to 77,305.

The India VIX index, or the volatility index, was down by a sharp 5% to 12.65 on Friday. Among the sectoral indices, the FMCG was the top gainer, up 0.5%, while the NIFTY Media and NIFTY IT were the top losers, down 1.6% and 1.5,% respectively.

ITC Hotels Ltd (52-week high: ₹205.8)

Experts believe macro factors for the Indian hotel industry remained favourable, and the ongoing upcycle is expected to be sustained, which could be beneficial for the stock.

JK Cement Ltd (52-week high: ₹5,112.5)

Financial experts believe that the Indian cement sector is set for a multi-year earnings upcycle driven by cost efficiency and industry consolidation. The brokerage believes these structural improvements will significantly boost the margins of cement companies over the coming years.

Shaily Engineering Ltd (52-week high: ₹1,942.75)

The company has shown strong fundamentals with positive results over the past five quarters. Institutional investors have also increased their stake in the company by 1.6% in the December 2024 quarter compared with the previous quarter.