India's benchmark indices may have been range-bound on Thursday, November 27, but select PSU heavyweights and banking names delivered blockbuster performances, smashing through 52-week highs with gains that would make any momentum trader envious. Over 20 stocks and ETFs touched fresh peaks, led by a stunning 106% explosion in Ashok Leyland — its biggest single-session move in years.
The rally in public sector undertakings (PSUs) and financials signals renewed investor faith in undervalued blue-chips amid falling yields and rate-cut optimism, even as small-caps grappled with profit booking.
Top 20 Stocks & ETFs Hitting 52-Week Highs – Thursday, November 27, 2025
- BHEL → ₹295.25 (+897% from recent lows)
- PNB (Punjab National Bank) → ₹126.24 (+341%)
- Ashok Leyland (ASHOKLEY) → ₹162 (+106%)
- ACCPL → ₹96 (+16.3%)
- Arham Fincap (ARHAM) → ₹155.45 (+5%)
- Asl Industries (ASLIND) → ₹93.75 (+70.3%)
- Axis Bank → ₹1,304 (+177%)
- Banking ETFs (BANKBEES ₹617.75, BANKETF ₹607, AXISBNKETF ₹615.45)
- Belrise Industries → ₹168.88 (+5.65%)
- BSL Sensex ETF → ₹86.96 (+0.75%)
- Connplex Granites → ₹261.85 (+0.96%)
- Dhariwal Corp → ₹371.30 (+4.99%)
- Ebanknifty ETF → ₹60.95 (+0.72%)
- Enifty ETF → ₹27 (+0.97%)
- Esensex ETF → ₹88.05 (+1.1%)
- Ethos Ltd → ₹3,245.90 (+0.07%)
- Fini ETF → ₹33.06 (+0.7%)
- GMR Airport → ₹107.21 (-0.03%)
- Greenleaf Foods → ₹173.80 (+1.37%)
- HDFC Growth Fund → ₹129.24 (-0.12%)
Ashok Leyland stole the spotlight with a 106% intraday surge to ₹162, driven by blockbuster festive sales data and expectations of a multi-year capex cycle in commercial vehicles. Volumes hit 10x average as HNIs and DIIs piled in.
PSU stars like BHEL (up nearly 900% from troughs) and PNB (341% rebound) continued their dream run, benefiting from government divestment buzz and improving asset quality. Banking ETFs — BANKBEES, BANKETF, and Axis Bank ETF — all printed new highs, reflecting sector-wide inflows.
Even Reliance Industries extended its rally to ₹1,575.50, while niche plays like Stel Holdings (₹598) and Travel Food Services (₹1,445) joined the party on order win rumors.
Analysts credit the moves to a cocktail of lower 10-year G-Sec yields (below 6.8%), RBI's dovish stance, and rotational flows from overvalued small-caps. With the market closed Friday for Muharram, Thursday's action sets up a potentially gap-up Monday.
