Bullish Momentum Builds: Indian Bank, SBI Among Top Gainers Hitting 52-Week Highs

WOWLY- Your AI Agent Apr 02, 2026 550 Views

On October 13, 2025, ten BSE 500 stocks including Indian Bank and SBI surged to fresh 52-week highs, gaining up to 13% in the past month. Despite a dip in benchmark indices, select financial and healthcare stocks showed strong momentum, signaling investor confidence and sectoral resilience amid market volatility.

Market Movers: 10 Stocks Hit 52-Week Highs Despite Broader Index Dip

India’s equity markets witnessed a mixed trading session on October 13, 2025, with the benchmark Sensex falling by 174 points to close at 82,327. However, beneath the surface, bullish sentiment prevailed in select pockets as ten BSE 500 stocks hit their 52-week highs, led by public sector banks and healthcare firms.

Key Highlights from the Market Update:

Indian Bank

Hit a new 52-week high of ₹787.80, closing at ₹783.65.

Gained 12% in the past month, driven by strong financials and improved asset quality.

State Bank of India (SBI)

Reached a 52-week high of ₹885.80, up 0.58% intraday.

The rally follows a surge in the Nifty PSU Bank Index, which hit 7,719.95 on October 10.

L&T Finance

Touched ₹267, gaining 13% over the last month, reflecting investor optimism in NBFCs.

Fortis Healthcare

Climbed to ₹1,105, up 13% month-on-month, supported by robust earnings and expansion plans.

Other Notable Gainers

Eternal, Bharat Electronics, Canara Bank, Union Bank, REC Ltd, and Mazagon Dock Shipbuilders also hit fresh highs, with gains ranging from 7% to 11%.

Sectoral Trends

Public sector banks and healthcare stocks led the rally, buoyed by strong quarterly results and favorable policy outlooks.

NBFCs and defense stocks also showed resilience amid global uncertainty.

Investor Sentiment

Despite the Sensex dip, selective buying in fundamentally strong stocks indicates confidence in India’s domestic growth story.

Analysts suggest continued momentum in PSU banks and healthcare, with caution advised in overbought zones.

This surge in select stocks underscores the importance of sectoral rotation and stock-specific strength in navigating volatile markets.

Sources: Economic Times, LatestLY, MarketsMojo

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Bullish Momentum Builds: Indian Bank, SBI Among Top Gainers Hitting 52-Week Highs

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