Global technology leader Infosys showed a positive bias on Thursday’s trade when it opened on 1,238.00 from its previous close of 1,237.45. Infosys touched a new 52-week high of 1,258.00 by breaking its last 52-week high of 1248.65 from May 25, 2018. According to experts, this will go further upside. The stock gained as much as 1.7 percent to Rs 1,258, its highest since June 8, 2016. So, that’s a 2-year high hit of shares of Infosys.
Even the stock had broken out of a triangle pattern earlier this week, which by the way also seen as bullish. Infosys is the not the only one who touched the high of 52-week. Others in this list are Bajaj Finance, Gruh Finance, JSW Steel, and Firstsource Solutions etc.
In NIFTY 50, the top gainers are TataSteel, Tata Motors, ICICI Bank, Asian Paint, and Axis Bank. However, the top losers are Titan, IndusInd Bank, Coal India, ZEEL, and Eicher Motors.