These 4 auto stocks touch their new 52-week high, rally up to 20% in a month – Riding High | The Economic Times
In Friday’s trading session, the Sensex benchmark index experienced a notable surge of 629 points, reaching a milestone of 62,501. Consequently, four stocks within the BSE auto index achieved new 52-week highs. The 52-week high is regarded as a significant technical indicator by certain traders and investors, as it helps assess a stock’s current value and forecast future price trends. This metric represents the highest price at which a particular stock has traded over the preceding 12 months.
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Bajaj Auto | New 52-week high: Rs 4663.9 | CMP: Rs 4611
In the last one month, the stock has gained about 7%.
