Indian market bounced back on Thursday after falling more than 1% in the previous trading session.

The S&P BSE Sensex rallied over 350 points while the Nifty50 closed at 21,255.

Sectorally, buying was seen in utilities, power, public sector and infra stocks while the auto space witnessed some selling pressure.

Stocks that were in focus include names like Shyam Metalics & Energy which was up nearly 10% to hit a fresh record high while RateGain Travel Technologies closed with gains of more than 6% to hit a fresh 52-week high.

We have collated a list of 2 stocks that either hit a fresh 52-week high, or an all-time high or saw a volume or a price breakout.

We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view:

Here’s what Riyank Arora, technical analyst at Mehta Equities Ltd, had to say:

Shyam Metalics (All-Time high)
The stock has given a good breakout above 500 and is managing to hold well above the mark. With the stock closing at an upper circuit of 10% in Thursday’s session, the overall trend continues to remain positive with a buy-on-dips approach.

Any pullback towards the 530-540 zone should offer a good buying opportunity with a stop loss placed below the 500 mark for potential targets of 625 and above.

RateGain Travel (52-Week high)

The stock is moving in a parallel channel and well above its resistance mark of 700. With the upper end of the channel being around 790-795, it is expected that the stock should likely head higher and find support on every pullback.

Pullback support lies near 700, with the view being negated below 650. Overall, the stock looks positive.

 (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)