Key Points
A total of 169 stocks hit fresh 52-week highs and gave considerable returns across largecaps, midcaps and smallcaps..
Among the largecaps, 19 stocks including Power Finance Corporation, DLF, Tata Motors and Britannia hit their 52-week highs..
Shares of Aditya Birla Capital (ABCL) rallied 3% and hit a 52-week high of Rs 177 after the companys board approved preferential issuance of Rs 1,250 crore to its promoter and promoter group entity, out of the total approved equity fundraise of up to Rs 3,000 crore...
Tata Motors hit a 52-week high of Rs 541.1 on BSE as auto major reported May 2023 CV volumes of 28,989 units, up 28.9% MoM...
Also, the EV strength gained from Chetak and the upcoming launch of e-3W can be additional positives," it said.. LKP Securities further stated, on the PV side, it likes M&M because of its thrust on rural markets through its leadership in the tractors business, prudent capital allocation and a robust growth strategy in UVs, EVs and CVs..
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