These 4 capital goods stocks hit 52-week highs; rallied up to 25% in a month
The 52-week high stands as a significant technical indicator for both traders and investors, denoting a stock's peak value over the past year.
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The 52-week high stands as a significant technical indicator for both traders and investors, denoting a stock's peak value over the past year.
A total of 1,999,969 shares changed hands on the counter till 10:15AM (IST)
PSU stocks have surged, with 68% delivering multi-bagger returns. The index gained 101% in a year, outpacing benchmarks. Despite the bullish trend, questions arise on sustainability. Bernstein highlights select opportunities in high-momentum and dividend-yielding stocks with reasonable valuations.
Space-related stocks surged up to 7% in early trade after the Union Cabinet approved amendments in the FDI policy for the space sector, allowing 100% FDI. This move aims to attract overseas players and private companies. MTAR Technologies saw a 7% surge in intraday trade.
The stock quoted a 52-week high price of Rs 196.25 and low of Rs 89.68.