3 ASX 200 shares smashing new 52-week highs on Thursday

It’s a good day to own these ASX 200 favourites.

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The S&P/ASX 200 Index (ASX: XJO) is back on track today after posting its first loss in more than a week on Wednesday. And some of its favourite constituents are taking advantage of its upwards momentum, posting their highest share prices in at least a year.

Right now, the ASX 200 is trading 0.3% higher.

Let’s take a closer look at the 3 ASX giants surging to their highest point in 52 weeks today.

3 ASX 200 shares soaring to long-forgotten highs

Transurban Group (ASX: TCL)

Shares in ASX 200 toll road operator Transurban leapt to a new 20-month high today, trading at $14.93.

Interestingly, no news has been released by the infrastructure giant over the last six weeks. Though, fundies have tipped to stock as a major inflation beater.

The fees that make up the company’s revenue are linked to Australia’s inflation measure, meaning its profits rise alongside inflation.

Vicinity Centres (ASX: VCX)

ASX 200 real estate investment trust (REIT) Vicinity Centres has also seen its share price reach a 52-week high today. It lifted around 2% to reach $2.12 earlier this morning before slipping to trade slightly in the red.

That marks a new post-COVID high for the stock. The stock has outperformed the S&P/ASX 200 Real Estate Index (ASX: XJO) by a whopping 37% over the last 12 months.

Steadfast Group Ltd (ASX: SDF)

The final ASX 200 share trading at a new 52-week high on Thursday is Steadfast Group. In fact, the stock reached its highest point ever today – leaping to $5.50 in intraday trade.

Steadfast operates a general insurance broker network in Australia and New Zealand.

The market hasn’t heard a word from the company since February.

Still, its share price has surged nearly 300% over the past five years to culminate in today’s new record high.

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Steadfast Group Ltd. The Motley Fool Australia has recommended Steadfast Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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