In Monday’s trading session, the benchmark Sensex saw a significant surge of 241 points, concluding the day at 65,628. Amid this upward movement, seven stocks from the BSE Capital Goods index reached new peaks within the past 52 weeks. The 52-week high carries substantial importance for certain traders and investors, serving as a crucial technical indicator for assessing a stock’s present value and forecasting potential price fluctuations. This figure represents the highest price at which a stock was traded during the preceding year.
7 capital goods stocks touch their 52-week high, do you own any?
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