Indiabulls shares climbed 5% to reach a 52-week high of ₹29.50 on Friday, July 3, outpacing the broader rally on Dalal Street.
The stock’s advance marks a significant milestone in a sustained recovery, having surged 230% from its 52-week low of ₹8.93 earlier in the year.
The rally in Indiabulls coincides with strength in other sectors, including the Nifty Auto index, which climbed more than 2% in recent trading sessions.
The price action reflects a broader shift in sentiment across Indian equities.
A cohort of ten large-cap Indian companies has recently surged from their yearly lows to fresh peaks within a span of just three months, signaling a dramatic reversal in market leadership.
This rotation suggests that buying interest is broadening beyond traditional safe havens into names that have previously faced headwinds.
The rally in Indiabulls coincides with strength in other sectors, including the Nifty Auto index, which climbed more than 2% in recent trading sessions.