Three largecap stocks—Union Bank of India, InterGlobe Aviation (IndiGo), and Avenue Supermarts (D-Mart)—stood out in Wednesday’s trade by crossing their 100-day average price, with a robust intraday jump. While Union Bank and IndiGo saw gains, D-Mart briefly topped the mark before paring gains.
Union Bank: Strong gains, but still far from peak
Union Bank shares surged 5 percent to Rs 119.55, trading near the day’s high and comfortably above their 100-day average of Rs 117.34. Despite the uptrend, the stock remains nearly 31 percent below its 52-week high of Rs 172.5, hit on June 3, 2024.
On the flip side, the PSU bank stock is up about 19 percent from its 52-week low of Rs 100.81, recorded on January 13, 2025. Over the past year, the stock has fallen 18 percent, with its market capitalisation now at Rs 91,250 crore.
IndiGo: Holding gains near day's high
InterGlobe Aviation, which operates IndiGo, climbed 1.5 percent to Rs 4,410, comfortably surpassing its 100-day average of Rs 4,397.11. The stock is trading close to its day’s high and has seen strong momentum over the past year, gaining over 39 percent.
IndiGo remains more than 12 percent below its 52-week high of Rs 5,035, hit on September 12, 2024, but has gained nearly 48 percent from its 52-week low of Rs 2,984, recorded on February 9, 2024. Its current market capitalisation stands at Rs 1.7 lakh crore.
D-Mart: Briefly tops 100-day average before retreating
Avenue Supermarts, the operator of D-Mart, hit a high of Rs 4,015 during the session, crossing its 100-day average of Rs 4,012.8, before slipping into negative territory. The stock was down 1 percent at Rs 3,882 in late morning trade.
D-Mart remains nearly 29 percent below its 52-week high of Rs 5,484.85, hit on September 24, 2024, but has rebounded about 15 percent from its 52-week low of Rs 3,399, recorded on December 20, 2024. The stock has risen about 4.5 percent in the last one year, with its current market capitalisation at Rs 2.54 lakh crore.
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