IndusInd Bank among 5 stocks to hit 52-week highs & rally up to 15% in a month
By Ritesh Presswala, ETMarkets.com |
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New Peak
On Wednesday, the benchmark Sensex ended 715 points lower at 76,755, reflecting the cautious sentiment prevailing across the broader market. However, despite the overall weakness, five stocks from the BSE 100 index touched fresh 52-week highs, marking their strongest levels in the past year.
A stock reaching a 52-week high is generally considered a positive technical indicator, suggesting strong investor demand, improving market confidence, and sustained upward momentum in its price movement.
A stock reaching a 52-week high is generally considered a positive technical indicator, suggesting strong investor demand, improving market confidence, and sustained upward momentum in its price movement.
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IndusInd Bank
New 52-week high: Rs 1077.8| CMP: Rs 1069.9. In the last one month, the stock has gained about 16%.
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Bajaj Auto
New 52-week high: Rs 11025| CMP: Rs 10999.3. In the last one month, the stock has gained about 9%.
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The Federal Bank
New 52-week high: Rs 357.2| CMP: Rs 353. In the last one month, the stock has gained about 9%.
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Titan Company
New 52-week high: Rs 4730.1| CMP: Rs 4705.65. In the last one month, the stock has gained about 6%.
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Nestle India
New 52-week high: Rs 1509.75| CMP: Rs 1492.2. In the last one month, the stock has gained about 6%.