Over half of BSE 500 stocks trade below their all-time highs

New-age businesses are doing well as compared to the traditional sectors and the optimism is getting reflected in their stock prices, analysts say

Over half, or 263 stocks that comprise the BSE 500, are trading at least 10 per cent below their all-time high levels, despite the index hitting a record high 20,515 points on the BSE in intra-day trade on Wednesday, surpassing its previous high of 20,390 touched in March 12, 2021. 

The index, which accounts for 93 per cent market capitalisation of BSE listed companies, has gained 8 per cent from its recent low of 18,983 touched on April 19. In comparison, the benchmark S&P BSE Sensex gained 6 per cent during the same period, but is still nearly 4.5 per