These seven small-cap stocks hit new 52-week highs as BSE Sensex surged over 1,100 points on June 21!
List of several small-cap stocks that have made a fresh 52-week high on June 21.
A rebound in the market is expected as we were in an oversold zone after Nifty attempted to come closer to 15,000 levels. Inflation is proving to be the poison for global economic growth and until the inflation concerns are not addressed, we may see a market bias on the downside, even from the current levels. However, with correction in commodity prices and crude oil prices, there is a chance that inflation data will be to the liking of central bankers, leading to no aggressive rate hikes in the coming months.
Markets are showing signs of recovery on June 21. It is too early to suggest whether this is a trend reversal or simply, a technical bounce. Having said that, there are several small-cap stocks that have made a fresh 52-week high on June 21. Here is the list -