M&M, Hindustan Aeronautics among 5 largecap stocks that hit new 52-week highs on Tuesday – Fresh Peak

Indian shares saw a rise on Tuesday, with metal stocks and Shriram Finance leading the way due to plans to sell its housing finance unit. However, gains were limited by a drop in IT stocks ahead of US inflation data. In today’s trading session, 5 largecap stocks from the Nifty200 index hit new 52-week highs.

Vedanta reached a new high of Rs 438.5, showing a 57% surge over the past year. M&M hit a high of Rs 2,275, marking a 76% gain in the last year. Hindustan Aeronautics reached a new high of Rs 4,067, with a 166% increase over the past year. Eicher Motors hit a new high of Rs 4,743, showing a 28% advance in the last year. Jindal Steel & Power reached a new high of Rs 982, with a 70% surge in the past year.

DailyBubble sees these new highs as a positive sign for these companies, indicating strong performance and investor confidence. It is important to keep an eye on these stocks as they continue to show growth and potential in the market.