Stay updated with breaking news from Schaeffler India. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Hitting the 52-week high is important as it reflects a stock's highest value over the previous year, which has significant implications for traders and investors.
Newgen Software Tech was the top gainer from the smallcap pack, offering 27% returns. It was closely followed by Max Estates and Shakti Pumps, both gaining 21% each.
The BSE smallcap index rallied nearly 10%, while the midcap index jumped over 7%. Within the smallcap space, over 500 stocks have delivered double-digit returns with the highest gain (Puravankara) going as high as 86%.
The Nifty Realty index was trading 1.39 per cent up at 972.65.
Sharekhan is bullish on Schaeffler India has recommended buy rating on the stock with a target price of Rs 3761 in its research report dated April 26, 2024.