Do you have any of these - they are close to their 52-week high

With majority of private companies having already declared results for the Q4 FY16, the market has cheered selective stocks for the quality earnings.  The results declared so far this quarter have been satisfactory and the declining trends in profits have been reversed in the Q4 FY 16 results. 

Out of the 30 Sensex scrips we have identified atleast 5 scrips which are fast approaching their 52 W highs with HDFC Bank already touching its 52 W high on Tuesday.  Bajaj Auto , NTPC , Infosys , GAIL  & Asian Paints are the five sensex scrips which are at a striking distance of their 52 W highs.  All of these stocks are trading at not more than 5 percent below their 52 W highs indicating bullishness in the scrips .

A 52 week high is the highest price that a stock has traded at , during the 52 weeks period or in the previous 1 year.  Many savvy investors and traders give a lot of importance to the 52 W high-low data in determining their investing /trading strategy. A stock has a tendency to trade within the 52 W high-low range  and when the range is broken on either sides a trader usually sees it as a significant indicator.  The price for scrips nearing their 52 W high and crossing the 52 W high indicate bullishness in the scrip and it can be said that buying interest in the scrip is intact. 

The other Sensex stocks which are within 10 percent range of their 52 W highs are TCS , Mahindra and Mahindra , Heromoto Corp, HUL  & HDFC .  Investors can focus on these stocks after studying fundamentals and consulting their financial advisor.