Several frontline and midcap stocks hit their 52-week highs in Thursday’s session, reflecting strong market momentum. Here’s a look at the key movers:
List of stocks at fresh 52-week highs
- JSW Steel – ₹1,118.80 (+0.70%)
- Eternal Ltd (Zomato) – ₹333.65 (+1.65%)
- Asahi India Glass – ₹913.50 (+1.35%)
- Hyundai Motor India – ₹2,698.20 (+1.78%)
- Radico Khaitan – ₹3,015.70 (+0.16%)
Eternal Ltd
Shares of Eternal Ltd rose over 1% to ₹331.75 in early trade after Goldman Sachs reiterated its ‘buy’ rating on the stock and raised the target price to ₹360 per share, implying a potential upside of nearly 10% from current levels.
Goldman highlighted Blinkit’s strong growth momentum, with FY27 net order value (NOV) estimates now 80% higher than a year ago and 260% above two years ago. Store count is projected to double over the next 2–3 years, setting up meaningful market share expansion.
Additionally, margins are expected to improve by nearly 240 basis points over the next two quarters as Blinkit transitions to a first-party (1P) model, supported by stable competition and robust demand.
Maruti Suzuki India
On the other hand, Maruti Suzuki India Ltd was in focus after it announced a sharp price cut across its popular models following the government’s move to lower GST rates on automobiles.
The revised prices will be effective September 22, 2025.
- S-Presso: cheaper by up to ₹1.29 lakh (starting price now ₹3.49 lakh)
- Alto K10: reduced by ₹1.07 lakh
- Celerio: cheaper by ₹94,100
- Baleno: cut by ₹86,100
- Swift: cut by ₹84,600
- Fronx & Brezza: reduced by ₹1.12 lakh each
- Grand Vitara: reduced by ₹1.02 lakh
- XL6: cheaper by ₹52,000
The auto major said it is passing on the full benefit of the GST cut to customers, making its cars more affordable ahead of the festive season.