Stocks in focus include names like Hindustan Zinc, which was up more than 15% to hit a fresh record high, while Escorts Kubota rose over 3% on Friday. We have collated a list of three stocks that either hit fresh 52-week highs, or all-time highs or saw a volume or a price breakout. Analyst: Kunal Kamble, Sr Technical Analyst at Bonanza Portfolio: 📌Hindustan Zinc: Avoid 📌Escorts: Buy On Dip
Open FlipIn the wake of a prosperous CY2023, concerns about a potential market correction surfaced among investors, casting a shadow over CY2024. Overvaluation in some segments of the stocks added to investors’ worries. Some mutual fund houses decided to restrict the fund flows into schemes focusing on small-cap stocks, which in turn played on the investors’ sentiment.
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