RBL Bank, Supreme Petrochem And Usha Martin Mark New 52-Week Highs On BSE

Mumbai | September 29, 2025 — eBharat Markets Desk
Filed on Sep 29, 2025, 13:46 IST via BSE trade data.

The rally in select mid- and large-cap counters continued on Monday as RBL Bank, Supreme Petrochem, and Usha Martin surged to fresh 52-week highs on the Bombay Stock Exchange (BSE). The move underscores broad-based investor interest across banking, chemicals, and steel-wire segments, with all three companies extending their recent upward momentum.

The Breakout

RBL Bank (BSE: 540065): Shares of the private lender climbed to a new one-year peak, buoyed by strong quarterly performance, improving asset quality, and renewed focus on retail lending. The rally comes amid sustained optimism in mid-tier banks as credit growth holds firm.
Supreme Petrochem (BSE: 500405): The chemical manufacturer recorded a fresh high as investors bet on demand recovery in polystyrene and specialty polymer products. Supreme Petrochem has benefited from improved spreads and capacity expansion, aiding earnings visibility.
Usha Martin (BSE: 517146): The steel-wire rope maker scaled its new yearly top, supported by robust order inflows from mining, oil & gas, and infrastructure sectors. A steady export book has also contributed to positive sentiment in the counter.

Company	New 52-Week High	Sector	Drivers
RBL Bank	Fresh peak on Sep 29, 2025	Banking & Financials	Credit growth, improved asset quality
Supreme Petrochem	Fresh peak on Sep 29, 2025	Chemicals	Polystyrene demand, capacity expansion
Usha Martin	Fresh peak on Sep 29, 2025	Steel & Manufacturing	Order inflows, export traction

Why It Matters

Sectoral breadth: The highs across three diverse industries — banking, chemicals, and steel manufacturing — highlight the spread of investor optimism.
Momentum play: New 52-week highs often act as psychological triggers, attracting both institutional and retail flows chasing breakouts.
Valuation angle: While momentum is strong, analysts caution that valuations may run ahead of fundamentals if earnings delivery does not keep pace.

Market Context

The broader BSE indices have seen resilience despite global volatility, with mid-caps outperforming in recent weeks. Banking stocks are drawing strength from credit growth and stable asset quality, while specialty chemicals remain in focus on the back of domestic consumption recovery.

For Usha Martin, the global infrastructure push and mining sector revival have translated into higher demand for steel-wire ropes, strengthening its order book. Together, the three counters represent themes investors are favoring — financial stability, specialty materials, and infrastructure-linked demand.

Outlook

Analysts note that while the breakout in RBL Bank, Supreme Petrochem, and Usha Martin reflects strong near-term momentum, the sustainability of these highs will depend on earnings performance and demand trends. Investors are advised to watch quarterly updates, margin outlooks, and order flows to gauge whether valuations can be sustained at elevated levels.

Stock Snapshots — 29 Sep 2025 (RBL 1:30 IST · SPL 1:31 IST · Usha Martin 1:28 IST)

RBL Bank

₹278.20

▲ +5.75 (+2.11%)