On Wednesday, the benchmark Sensex rose 1,263 points to close at 78,111. In line with the broader market rally, eight stocks from the BSE 100 Large-cap TMC index hit their 52-week highs, recording their best performance in a year. Such milestones are often viewed by investors as a bullish signal, indicating strong momentum and potential for further gains.
Adani Power reached a new 52-week high of Rs 1205.2, with a current market price (CMP) of Rs 1171.15, gaining about 18% in the last month. Other notable stocks include one that hit a new high of Rs 3590, with a CMP of Rs 3576.9, gaining about 12%. Another stock reached a new high of Rs 4534.65, with a CMP of Rs 4525, also gaining about 11%.
Additional stocks hitting new highs include one at Rs 1045.55 (CMP: Rs 1007.25, up 11%), another at Rs 446.5 (CMP: Rs 444.7, up 10%), and one at Rs 6993 (CMP: Rs 6867.25, up 7%). Lastly, a stock reached a new high of Rs 423.9, with a CMP of Rs 421.8, gaining about 7% in the last month.
