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4 Large Cap Stocks That Surged To Their New 52-Week High
Indian markets have surged rapidly in the past few weeks; however, recently, Indices have fallen sharply. Many stocks and sectors have fallen in the market in recent trading sessions, but some stocks are in strong upside momentum, nearing their all-time highs.
Most investors choose to invest in stocks at their all-time highs because of the momentum, and most stay away from those stocks. In any case, here are 4 large-cap stocks trading at their 52-week highs at the end of September.
Bharti Airtel Ltd.
Bharti Airtel is an Indian company that is a leading provider of telecommunication services in India and worldwide. The company is in 18 countries, including Africa and Sri Lanka.
The company's stock price is in strong upside momentum, and on the daily time frame of the chart, it has just recently given a breakout from a major resistance. The stock's current market price is Rs. 800, making a 52-week high of Rs. 809 in the last trading session.
Solar Industries India Ltd
Solar Industries is one of the top producers of bulk explosives, packaged explosives, and initiating systems, which are used in the mining, construction, and infrastructure sectors. In 2010, SIL entered the defence industry and expanded its product line to include warheads, explosives, and rocket and missile propellants.
The price of the stock is trading with strong positive momentum. In the most recent trading session, the stock surged more than 4% and made a 52-week high of Rs. 3 975. The current market price of the stock is Rs. 3,904.
Aditya Birla Fashion & Retail Ltd
After the unification of the branded apparel operations of the Aditya Birla Group, which included ABNL's Madura Fashion division and ABNL's subsidiaries Madura Fashion & Lifestyle (MFL) and Pantaloons Fashion and Retail (PFRL) in 2015, Aditya Birla Fashion and Retail Ltd. (ABFRL) was formed.
The stock hasn't given a negative closing in the past few years and is surging rapidly to the upside. The stock's current market price is Rs. 349, and in the most recent trading session, it made a high of Rs. 352.
Cipla Ltd
Cipla is a leading large-cap company in the pharmaceutical sector. Cipla is a leader in therapies, including urology and respiratory care and the third-largest pharmaceutical company in India. In the entire chronic business, it is ranked second.
Unlike most other companies in the pharma sector, the stock price of Cipla is huge positive momentum, and the stock made a new 52-week high of Rs. 1,128 in the most recent trading session. Currently, the stock is trading at the market price of Rs. 1,115.
