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Despite Sensex slipping 315 points, seven BSE smallcap stocks hit 52-week highs on Thursday, driven by strong monthly gains and investor optimism around price momentum and sector-specific growth.
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Adani Energy Solutions Ltd (AESL), the electricity transmission arm of the Adani Group, on Thursday reported an 87 per cent rise in March quarter profit to Rs 714 crore, aided by a one-time exceptional income.
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Markets closed lower Thursday, with Sensex falling 315 points and Nifty down 82, pressured by Reliance and banks. Gains in SAMHI Hotels, Niva Bupa, and Dalmia Bharat cushioned losses.
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