Adani Green and Adani Power Among Seven Largecaps Reaching 52-Week Highs
Adani Green, Adani Power among 7 largecaps that hit 52-week high; stocks rally up to 50% in a month
The Economic Times
Image: The Economic Times
On Wednesday, the benchmark Sensex surged by 609 points, closing at 77,496. Seven stocks from the BSE Largecap TMC index, including Adani Green Energy and Adani Power, achieved their 52-week highs, reflecting strong market momentum with gains of up to 50% in the last month.
- 01Benchmark Sensex rose 609 points to close at 77,496.
- 02Seven stocks from the BSE Largecap TMC index reached 52-week highs.
- 03Adani Green Energy surged 50% in the past month.
- 04Adani Power increased by 42% over the same period.
- 05Other notable stocks include Nestle India and JSW Energy with significant gains.
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The benchmark Sensex experienced a robust increase of 609 points, ending at 77,496 on Wednesday. This surge coincided with seven stocks from the BSE Largecap TMC index hitting their 52-week highs, a sign of strong market momentum. Adani Green Energy reached a new high of ₹1,271.45 and has gained approximately 50% in the last month, while Adani Power hit ₹226.25, reflecting a 42% increase. Other notable performers include Adani Ports and Special Economic Zone, which achieved a new high of ₹1,672, and Nestle India, which reached ₹1,469.7, with respective gains of 24% and 23%. This bullish trend indicates potential for further gains in the market.
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The rise in stock prices can boost investor confidence and potentially lead to increased investment in the market.
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