3 Nifty 500 Stocks at 52-week Highs

#2 Polycab India

Next on our list is the stock of Polycab India.

The company is India's largest wires and cables manufacturer and one of the fastest-growing electrical equipment companies in the country.

The company operates across three major segments: wires & cables, FMEG (Fast Moving Electrical Goods), and EPC projects.

The stock of the company hit a new 52-week high of Rs 9,299.75 on 15 May 2026. The stock is a part of the Nifty 500 index.

One of the reasons for the stock hitting a new 52-week high could be the recently released Q4 results. For the quarter ended March 2026, Polycab India report a strong performance with consolidated revenue growing 27% YoY, driven by momentum in both cables and wires as well as FMEG segments.

The EBITDA for the quarter increased by 13% YoY with margins at 13.1% despite multiple industry headwinds and softer trade sentiment amid the ongoing Middle East escalation.

At the profit level, the company delivered its highest ever quarterly net profit of Rs 7.9 billion (bn), reflecting a growth of 7% YoY.

Additionally, Polycab India has retained its position as the largest company in the Indian electrical industry by revenue for the second consecutive year.

The management in a recent conference call has stated of 8 May 2026, have stated that the company remains on track to execute its planned capex program of Rs 60 bn to Rs 80 bn over the next 5 years, which will further enhance its capabilities, scale and innovation.

It has also strengthened its balance sheet with net cash increasing to Rs 41.9 bn, reflecting disciplined cash flow management.

Overall, the company's scale advantages and backward integration continue to support competitive positioning, allowing it to grow ahead of the industry.

How Polycab India Stock Has Performed Recently

Polycab India shares jumped to Rs 9,163 from Rs 8,980 in the past five trading sessions.

The stock touched its 52-week high of Rs 9,299.75 on 15 May 2026 and its 52-week low of Rs 5,786 on 19 June 2025.

#3 MCX

Next on the list is the stock of MCX.

MCX is India's largest Exchange in the commodity derivatives segment, and world's fourth largest Exchange by the number of commodity derivative contracts traded.

The stock of MCX hit a new 52-week high of Rs 3,447.05 on 19 May 2026.

The company has come out with solid set of numbers for FY26. Operating revenue during FY26 grew by 107% YoY to Rs 23.02 bn, doubling the revenue.

MCX's net profits crossed Rs 13.32 bn, up a hefty 138%.

To grow the business, MCX recently launched options on its bullion index called MCX BULLDEX, which combines gold and silver futures into a single index product.

The company also launched Nickel Futures Contract, with differential trading and delivery units. It has also introduced India's first Electricity Futures Contract apart from Cardamom, Gold (10grams) Futures Contracts.

The company seems well-positioned structurally on account of rising commodity participation in India, robust growth in options trading and new products such as electricity derivatives.

Its asset-light exchange model has strong operating leverage, with profits able to rise sharply as trading volumes increase. Gold and silver also have bullish trends and volatility that can boost volumes significantly.

How MCX Stock has Performed Recently

MCX shares jumped to Rs 3,425.05 from Rs 3,221 in the past five trading sessions.

The stock touched its 52-week high of Rs 3,447.05 on 19 May 2026 and its 52-week low of Rs 1,251.22 on 22 May 2025.

Conclusion

Buying Nifty 500 stocks at 52-week highs can be risky if valuations have run ahead of fundamentals.

Many momentum-driven stocks witness sharp corrections during market weakness, profit booking or disappointing earnings.

Investors should avoid chasing rallies blindly, especially in overheated sectors. A stock hitting new highs does not guarantee future returns, and entries at elevated levels can increase downside risk if sentiment reverses suddenly.

Pay careful attention to valuation, earnings quality and position sizing.

Happy investing.

Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. Learn more about our recommendation services here...