Indian shares experienced a drop on Thursday, mainly due to a decline in Larsen and Toubro (L&T) following a disappointing revenue outlook. The market also faced heightened volatility amid concerns over the ongoing national elections. However, despite these challenges, four large-cap stocks from the Nifty200 index managed to hit new 52-week highs during today’s trading session.
The first stock on the list is M&M, which reached a new 52-week high of Rs 2,256. Over the past year, the stock has seen an impressive surge of 78%. This indicates a strong performance by the company and reflects positively on its future prospects.
Next up is Eicher Motors, which hit a new 52-week high of Rs 4,708. The stock has gained 35% over the last year, showcasing steady growth and investor confidence in the company’s operations and management.
Avenue Supermarts is another stock that reached a new 52-week high of Rs 4,895. With a 30% rise in the stock price over the past year, the company has demonstrated resilience and adaptability in a challenging market environment.
Lastly, Polycab India achieved a new 52-week high of Rs 5,949. The stock has seen a remarkable 80% increase in value over the last year, indicating strong market demand for the company’s products and services.
Overall, these four large-cap stocks have shown resilience and growth potential despite the market’s overall volatility. DailyBubble believes that investors should keep an eye on these companies as they continue to navigate through uncertain economic conditions and capitalize on emerging opportunities.