Know the Stocks Near 52-Week High and Low: Key Stock to Watch

The Nepal Stock Exchange (NEPSE) recently closed at 2,712.54 points after dropping 13.95 points (0.51%) in its latest trading session. This slight drop came right after a modest gain of around 7 points the previous day. Overall, the market has faced steady pressure, dropping by more than 300 points over the first 100 days of the new government.

Despite this prolonged decline, market sentiment began to shift following stock investor protests at the Securities Board of Nepal (SEBON), led by activist investor Tilak Koirala. In response to growing concerns, Prime Minister Balen Shah held a pivotal meeting on Monday with prominent market figures, including Ambika Prasad Paudel, Priya Raj Regmi, Sagar Dhakal, Nabaraj Silwal, and Sandeep Jalan.

During the discussion, the Prime Minister urged investors to support structural improvements and pushed for modern technology upgrades across the stock exchange. This direct communication and commitment to reform created an immediate surge in confidence, sparking a 41-point gain following the meeting and driving a massive jump of over 79 points to start the new fiscal year.

Now Looking to the stocks near 52 week high and low.

What is a 52-week high/low indicator?

The 52-week high/low is a price indicator that represents the highest and lowest price at which a securities has traded over the course of a year.

The 52-week high/low is calculated using the security's daily closing price.

Traders can use the 52-week high as a resistance level and the 52-week low as a support level to help them make trading decisions.

Following are the companies that is currently trading near 52 week high.

^{Note: Everest Colour Limited (ECL) is currently listed company which doesn't includes its previous data. and LTP - Last Transaction Price as of 22nd July, 2023.}

^{Following are the companies that is currently trading near 52 week low.}