Honasa Consumer among 7 stocks that hit 52-week high; rally up to 21% in a month
Why it matters: Seven BSE 500 stocks hit 52-week highs, signaling bullish momentum despite a 931-point Sensex decline.
- Honasa Consumer (ETMarkets.com) reached a new 52-week high of Rs 348.75, gaining about 16% in the last month.
- Ather Energy (ETAuto) hit a new 52-week high of Rs 835, experiencing the most significant rally among the group with a 21% gain in the past month.
- Anand Rathi Wealth (ETMarkets.com) achieved a new 52-week high of Rs 3576.75, increasing by approximately 13% over the last month.
- Natco Pharma (Agencies) reached a new 52-week high of Rs 1128.35, with an 11% gain in the last month.
- ABB India (Agencies) hit a new 52-week high of Rs 6640, showing a 9% gain in the past month.
- Hitachi Energy India (ETMarkets.com) achieved a new 52-week high of Rs 27500, rising by about 6% in the last month.
- Vardhman Textiles (Agencies) reached a new 52-week high of Rs 565, gaining 2% in the last month.
Despite a significant 931-point decline in the Sensex, seven BSE 500 stocks, including Honasa Consumer and Ather Energy, defied the broader market trend by hitting 52-week highs, with some rallying up to 21% in the last month. This performance is seen by investors as a bullish indicator, signaling strong individual momentum amidst a downturn.
