Cummins India and Others Reach 52-Week Highs Amid Market Rally
Cummins India among 7 stocks that hit 52-week high; rally up to 32% in a month
The Economic Times
Image: The Economic Times
On Monday, the Sensex index in India increased by 27 points to 78,520, with seven stocks from the BSE 100 index hitting their 52-week highs. Cummins India saw a 13% gain over the past month, reflecting robust market momentum.
- 01The Sensex rose by 27 points to 78,520.
- 02Seven stocks from the BSE 100 index reached their 52-week highs.
- 03Cummins India stock gained 13% in the last month.
- 04Adani Power saw the highest monthly gain of 32%.
- 05Power Grid Corporation of India gained 7% over the same period.
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On Monday, the benchmark Sensex in India increased by 27 points, closing at 78,520. The broader market showed modest gains, with seven stocks from the BSE 100 index reaching their 52-week highs, indicating strong market momentum. Among these, Cummins India achieved a new high of ₹5,217.95, reflecting a 13% increase over the past month. Adani Power led the rally with a remarkable 32% gain, reaching a new high of ₹207.4. Other notable performers included Adani Ports and Special Economic Zone, which gained 16%, and Power Finance Corporation, which also saw a 13% increase. The overall market performance suggests a bullish trend, potentially signaling further upside for investors.
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The rise in stock prices may boost investor confidence and lead to increased investment in the market, potentially benefiting shareholders and the broader economy.
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