Zydus Lifesciences Leads 4 Stocks to 52-Week Highs

Four BSE 200 stocks hit 52-week highs on Wednesday, led by Zydus Lifesciences. The pharmaceutical company touched Rs 1,119, its strongest level in a year, and closed at Rs 1,096.8. The stock has gained about 17% over the past month.

Three other stocks also reached new peaks. Their gains ranged from 4% to 5% in the same period. The broader Sensex edged up 64 points to 73,983 on the session.

Zydus's rally has outpaced the index by a wide margin. The stock now trades near its record high. The next quarterly results will test whether the momentum is backed by earnings growth.

For more on the broader market moves, see our stock market analysis.