52-week high stocks to watch: Laurus Lab, Tech Mahindra, Max healthcare and HCL Tech gain

Laurus Lab has bounced higher from key support area of Rs 695 to Rs 700 per share.

The BSE Sensex is up by nearly 150 points even as the broader markets shine. As markets trend higher taking cues from the US markets where the DJIA and S&P 500 hit record highs, we find that several quality stocks are trading higher after breaking out of the key resistance levels.  

Laurus Lab has bounced higher from key support area of Rs 695 to Rs 700 per share. The levels of 700 was the key resistance area few sessions prior, for Laurus Lab and the stock has bounced from those key levels on Thursday intraday basis. 

Tech Mahindra has given a breakout from Rs 1300 per share levels and has bounced from ~1300 level on Wednesday trading session. Maximum call writing was seen in Tech Mahindra at around 1300 levels , crossing which suggests a strong breakout in Tech Mahindra. The shares of Tech Mahindra made a fresh 52-week high on Thursday as the price jump higher by more than 3 per cent on an intraday basis. 

Max healthcare and HCL Tech are the other stocks making fresh 52-week highs on Thursday.

On Thursday BSE Sensex is trending up with the support from Tech Mahindra, HCL Tech, Power Grid, Bajaj Finance and Bajaj Auto.