Bulls eye fresh peak but 7 Nifty stocks languish over 20% from 52-week highs
Nifty is close to reaching its all-time high due to foreign institutional investors' strong inflows; however, at least seven Nifty50 constituents must rally over 20% to reclaim their previous 52-week highs, including Adani Enterprises and Adani Ports. Gautam Adani's flagship firm, Adani Enterprises, must surge 65% to touch its 52-week high of Rs 4,190. Similarly, Infosys, Cipla, and Hindalco are among the stocks that must rise between 21-27% to reclaim their all-time high levels. On the other hand, Bajaj Finserv is languishing 28% away from its 52-week high level of Rs 1,844.