Stock Market Today: 156 Stocks Hit 52-Week Highs
Did you notice? On Monday, a whopping 156 stocks hit their 52-week highs! Big names like Aditya Birla Capital, Eicher Motors, Maruti Suzuki, JSW Steel, and Apollo Hospitals led the charge.
What Was Behind This surge?
The recent GST reform announcement has pumped the whole indian stock market and has given fresh investor confidence, effecting buying across the board.
Did you mark how the auto, FMCG, cement, and steel sectors jumped?
They benefited from expectations of lower taxes and more consumer spending. So, what do you think, are these GST changes the game-changer the market needed? FRom my POV, It surely looks like a strong boost for India’s stock scene!
Notable companies include:
- Aditya Birla Capital Ltd
- Authum Investment & Infrastructure Ltd
- Apollo Hospitals Enterprise Ltd
- Craftsman Automation Ltd
- Dalmia Bharat Ltd
- eClerx Services Ltd
- Eicher Motors Ltd
- Eternal Ltd
- HDFC Asset Management Company Ltd
- Hyundai Motor India Ltd
- InterGlobe Aviation Ltd
- JK Cement Ltd
- JSW Steel Ltd
- Mahindra & Mahindra Ltd
- Maharashtra Scooters Ltd
- Maruti Suzuki India Ltd
- Muthoot Finance Ltd
- TVS Motor Company Ltd
- UltraTech Cement Ltd
This shows strong market momentum across diverse sectors.
On the other hand, 116 stocks touched their 52-week low
Notable companies hitting lows included:
- Cohance Lifesciences Ltd
- Agarwal Industrial Corporation Ltd
- All Time Plastics Ltd
- Asian Star Company Ltd
- Dolfin Rubbers Ltd
- Enkei Wheels (India) Ltd
- JSW Cement Ltd
- One Mobikwik Systems Ltd
- Mukka Proteins Ltd
- Race Eco Chain Ltd
- R P P Infra Projects Ltd
- Sprayking Ltd
The Sensex closed strong, gaining over 676 points (0.84%) to reach around 81,273. Meanwhile, the Nifty 50 rose 1.0%, adding 245 points to close near 24,876. Both indices showed solid gains, reflecting positive market sentiment and investor confidence after recent economic developments.