Tata Consumer Products shares hit 52-week high; should you buy this stock or wait? livemint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livemint.com Daily Mail and Mail on Sunday newspapers.
Mazagon Dock Shipbuilders, a leading shipbuilding yard in India, has seen its stock rise 272 per cent in the last year, with analysts predicting further gains due to strong orders and the government s Atmanirbhar Bharat and Make in India policies.
Paytm s shares have been on a bull run for the last six months, gaining 38 per cent. Paytm s May business update showed its average monthly transacting users were up 24 per cent YoY at 92 million.
The stock has been on a roll for the last three months, rising over 33 per cent against a 10 per cent gain in the BSE Bankex index and a nearly 7 per cent gain in the benchmark Sensex. The March quarter earnings gave a strong impetus to the stock.
Nifty rose about 4 per cent in April and is over two per cent higher in May so far. As the biggest shoer term concern of the US debt ceiling negotiations is easing, the market is expected to rally further, eyeing its all-time high level.