Shares gain high: On Thursday, amid continuous fluctuations in the stock market, the benchmark Sensex fell 427 points and closed at 84,818. During this period, five stocks of BSE 500 reached new high levels of 52 weeks. These stocks had touched their old high levels last year and on Thursday these stocks achieved new high levels. These breakouts usually show bullish momentum and indicate further gains in the short-term. Let’s take a look at these explosive stocks:-
These stocks did wonders
Esab India- The new 52-week high level of small cap company Esab India is Rs 6417.55. The current price of shares is Rs 6300. The stock has increased by about 20 percent in the last one month.
Samvardhana Motherson International- Shares of automotive stock Samvardhana Motherson International also gained on Thursday. Its new high level of 52 weeks is Rs 120.2. Whereas its market price is Rs 119.8. The stock has risen by about 14 percent in the last one month.
Vodafone Idea- The performance of shares of telecom company Vodafone Idea was also quite good on Thursday. With this, it has touched the new 52-week high level of Rs 11.3, while the market price is Rs 11.25. The stock has increased by about 10 percent in the last one month.
Eicher Motors- The new 52 week high level of Eicher Motors is Rs 7324. The stock has increased by about 6 percent in the last one month.
Cummins India-The new 52 week high level of the share is Rs 4588.1. The stock has increased by about 3 percent in the last one month.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
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