Riding High! Exide Industries, Ashok Leyland among 6 BSE midcap stocks approaching 52-week high

The BSE Midcap segment has been witnessing a surge in several stocks that are inching closer to their 52-week highs. Today, we highlight some prominent players in the BSE Midcap category that are showing strong momentum and are on the brink of hitting new highs.

Investors and market participants are keeping a close eye on these stocks as they display the potential for further growth and possible breakout levels. Let's take a closer look at these stocks and their current performance. Data sourced from Trendlyne:

1. Shriram Finance
Shriram Finance, with a 1-year high of Rs 1,509, is currently trading at Rs 1,503.25. The stock is showing promising strength and is in close proximity to its 52-week high. Investors are optimistic about its future prospects, driven by its robust financial performance and strategic initiatives in the non-banking financial sector.

2. Mahindra & Mahindra Financial Services
Mahindra & Mahindra Financial Services, with a 1-year high of Rs 321.7, is currently trading at Rs 320.05. The stock has been displaying strong resilience and is poised to test its previous high. The company's diversified financial services portfolio and strong market position contribute to its positive outlook.

3. Cummins India
Cummins India has seen substantial growth, reaching a 1-year high of Rs 1,899.00. Currently trading at Rs 1,887.65, the stock is closing in on its previous high. The company's expertise in power generation and innovative solutions positions it favorably for future growth, attracting investors' attention.

4. Exide Industries
Exide Industries, with a 1-year high of Rs 220.5, is currently trading at Rs 218.8. The stock has demonstrated resilience and is approaching its 52-week high. Exide Industries' strong presence in the automotive and industrial battery segments and its focus on sustainable energy solutions make it an attractive choice for investors.

5. REC
REC, with a 1-year high of Rs 157.3, is currently trading at Rs 156.05. The stock has shown promising performance and is on the verge of hitting new highs. REC's role in financing and promoting renewable energy projects aligns with the current focus on sustainable development, positioning it for potential growth.

6. Ashok Leyland
Ashok Leyland, with a 1-year high of Rs 170.2, is currently trading at Rs 168.25. The stock has exhibited strong resilience and is approaching its previous high. Ashok Leyland's leading position in the commercial vehicle segment and its focus on electric mobility solutions make it an exciting prospect for investors.

(Disclaimer: This is an AI generated article. Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)