Mazagon Dock, 3 other PSU stocks touch their new 52-week highs

The benchmark index closed higher for the seventh consecutive day. Sensex gained about 418 points to end at 63,099 on Wednesday. During this rally, four stocks from the BSE PSU index managed to hit new 52-week highs.

The 52-week high is the highest price at which a stock has traded during the last year. Some traders and investors use this technical indicator as an important factor for analysing a stock's current value and for predicting its future price movement.