In Friday’s trading session, the benchmark index Sensex, faced a significant drop of 366 points, ending the day at a level of 65,322. Nonetheless, despite this market decline, four stocks within the BSE healthcare index managed to reach new highs within the past 52 weeks. The 52-week high carries considerable importance for certain traders and investors, acting as a crucial technical indicator for assessing a stock’s present value and predicting potential price shifts. This value signifies the highest price at which a stock has been traded during the previous year.
Will RBI rate hikes intensify selloff in bank stocks? Analysts explain why fears may be overdone
Bank shares have endured steep declines as investors brace for imminent interest rate hikes from the RBI. Some analysts suggest that the recent selloff may