M&M stock hits 52-week high as April sales surge
In the UV segment, M&M sold 41,008 vehicles in the domestic market, marking a growth of 18% YoY
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In the UV segment, M&M sold 41,008 vehicles in the domestic market, marking a growth of 18% YoY
Biocon Ltd, in the pharma sector, witnessed a 40% decline from the December 2020 high but shows signs of a bullish trend. Traders are recommended to consider buying for target levels of 325-350. The daily Relative Strength Index (RSI) is at 65.0. RSI below 30 is oversold and above 70 is considered overbought, Trendlyne data showed.
The 52-week high is an important technical indicator for traders and investors, indicating a stock's highest value over the preceding year.
As per Trendlyne data, the average target price of the stock is Rs 2,841, which shows a downside of 17% from the current market prices. The consensus recommendation from 12 analysts for the stock is a 'Buy'.
The development gains significance as this expansion will enable the company to gain a significant increase in purchases by existing and new customers