market surge lifted the weak indices, ending the week on a positive note. Easing food inflation, A gradual easing in food inflation and a price hike by FMCG companies, along with a recent correction in valuation, supported the sector to outperform. Additionally, the expectation of an increase in US spending is propelling the IT sector.
Amid a highly volatile week, certain smallcap stocks hit their 52-week high, giving returns of up to 37% on a week-on-week (WoW) basis.
The stock hit its 52-week high of Rs 2,381.20 on the BSE this week, giving 36.8% returns in the said time period.
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