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MUMBAI: As benchmark Nifty ruled at a record high on Wednesday, six of its components scaled all-time highs this week. Here’s a quick look at these top performers, and what has driven them up.
Adani Ports and SEZ: The Adani Group stock scaled a record high, as analysts upped their price targets on the private multi-port operator, on the back of a faster-than-expected turnaround in its recently acquired Krishnapatnam Port. The stock has gained 30 per cent year to date, and is up more than 134 per cent from its March lows.
Bajaj Finance: With Bajaj Finance shares ruling at record high levels, investors are now anxious if this multibagger will continue the uptrend. However, the stock has seen fatigue set in after multiplying nearly three times from its March lows. The Sensex stock had tumbled more than 50 per cent in March, when the onset of Covid-19 pandemic rattled markets, and had tumbled to a 52-week low of Rs 1,783.10 on May 27. Since then, it has risen nearly 3 ti