State Bank of India Among 5 Stocks Reaching 52-Week Highs, Gaining Up to 16% in a Month
Despite a 148-point drop in the Sensex to 83,311, five stocks from the BSE 200 Index, including State Bank of India, hit 52-week highs, signaling bullish momentum. Over the past month, these stocks gained between 8% and 16%, with State Bank of India showing a notable 16% increase during the period.
On a day when the benchmark Sensex declined by approximately 148 points to close at 83,311, five stocks from the BSE 200 Index defied the broader market trend by reaching their highest levels in the past year, known as 52-week highs. This breakout is typically seen by traders and investors as a strong bullish indicator, hinting at continued upward momentum and potential further price gains. Among these stocks, State Bank of India (SBI) stood out with a significant 16% increase over the last month, while the other four stocks recorded gains ranging from 8% to 10%. The performance of SBI is also reflected in its stock price nearing or surpassing its 52-week high level of 971.40 INR as of early November 2025. Such gains point to strong buying interest and positive market sentiment despite the overall market's modest decline on that trading session.
