IndusInd Bank: The private sector lender hit its 52-week high of ₹1,694.35 in the previous session, on January 15. With that, it has now rallied over 71 percent from its 52-week low of ₹990.25, hit on February 1, 2023.
Adani Power shares staged a bullish pivotal breakout in the previous trading session with a breakaway gap, indicating strength and momentum in the price action.
Tata Steel shares are showing signs of revival. Higher top-bottom formations on the daily chart, along with a bullish candle at lower level, are indicating a trend reversal.
ICICI Direct has picked banking major IndusInd Bank as its High Conviction Idea for the month of December. The recommendation is driven by the bank s commendable asset quality.
Bucking the weakness in the markets, shares of IndusInd Bank surged more than 3 per cent to Rs 1464.25 on Thursday, with a total market capitalization more than Rs 1.15 lakh crore.