M&M, Bajaj Auto among 5 mid & largecap stocks that hit fresh 52-week highs on Thursday – Market Movers

The benchmark equity indices saw a rise on Thursday, with gains in state-run companies leading the way. Investors seemed to have moved past the initial shock of election results that reduced the ruling party’s majority margin. They are now eagerly waiting for a new government to be formed under Prime Minister Narendra Modi’s leadership.

Additionally, five mid and largecap stocks from the Nifty200 index hit new 52-week highs during Thursday’s trading session. The list includes M&M, Escorts Kubota, Torrent Pharma, TVS Motor, and Bajaj Auto.

M&M reached a new 52-week high of Rs 2,762, with a year-to-date surge of 58%. Escorts Kubota also hit a new high at Rs 4,039, marking a 34% gain on a year-to-date basis. Torrent Pharma reached Rs 2,831 as a new 52-week high, with a 21% rise in stock value since the beginning of the year. TVS Motor saw a new high at Rs 2,400, with a 19% increase year-to-date. Lastly, Bajaj Auto surged to a new high at Rs 9,736, showcasing a 45% increase in stock value since the start of the year.

DailyBubble’s perspective on these developments is that the market is witnessing strong performances from these mid and largecap stocks, which could potentially indicate positive trends in the overall economy. Investors should keep an eye on these stocks for potential opportunities in the future.