Mahindra CIE surges 16% in two days, hits 52-week high in weak market

India is projected to be one of the fastest growing large economies in the world and CIE Automotive's global strategy continues to focus on India as a key market, the company said

Shares of Mahindra CIE Automotive hit a 52-week high of Rs 333.90 as they rallied 6 per cent on the BSE in Friday's intra-day trade despite overall market weakness. In the past two trading days, the stock of the auto components & equipments company has surged 16 per cent after the board reviewed future plans of the company's German forging operations.

With today's upmove, the stock has surpassed its previous high of Rs 327.90, touched on October 20, 2022. It was trading close to its record high of Rs 380, hit on January 8, 2008. At 01:54 PM, the