IDFC, L&T Finance, 3 others hit 52-week highs; charts show up to 23% upside

Stock reaching fresh 52-week highs may further see up to 23 per cent upside

Stocks hitting new 52-week highs are considered as the most strength-driven stocks, especially during the times of uncertainty and volatility. Few stocks in the Nifty 500 index have recently succeeded in recording fresh highs, signifying a positive momentum which has outdone the current distorted sentiment.

 

At present, the key benchmark indices, the BSE Sensex and Nifty 50 are struggling to find a clear direction, while these few selected stocks have outsmarted the prevailing uncertainty, entering a new bull-run.  

 

Shares of CG Power and Industrial Solutions, Federal Bank, L&T Finance Holdings, Edelweiss Financial Services and IDFC are among stocks continuously scaling 52-week high,