Four Midcap Stocks Hit 52-Week Highs Despite Market Correction
· Business · Economic Times, Upstox, LiveMint
Four companies listed on the BSE Midcap Index reached new 52-week highs on Monday, even as the benchmark Sensex declined by 281 points to close at 77,782. KEI Industries, Ajanta Pharma, Ipca Laboratories, and LG Electronics India recorded their strongest price levels in a year during the session. KEI Industries saw a 20% gain over the past month, while Ajanta Pharma and Ipca Laboratories each rose by approximately 9%. LG Electronics India remained largely flat with a negative bias during the same period. These technical peaks occurred despite broader market volatility.
Why it matters
The performance of these midcap stocks during a market downturn suggests specific investor interest and upward momentum in these companies, contrasting with the overall index trend.
Read the original report — Economic Times
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