45 BSE500 stocks hit 52-week highs

Forty-five stocks from the BSE500 index have hit their respective 52-week highs as the rally continued in mid-and-smallcap stocks.

Of these 45 stocks, 23 scrip hit lifetime highs on Thursday. The list includes UltraTech Cement, YES Bank, LIC Housing Finance, Delta Corp, Piramal Enterprises, Jubilant Life Sciences and Escorts.

The S&P BSE Midcap index closed at new lifetime high of 12,968, after the minutes of the latest US Federal Reserve meeting indicated that a rate hike from the Fed was unlikely at the Fed's September policy meeting.

Moody’s Investor Service in its latest assessment of the global economy, retained India’s growth forecast at 7.5% for 2016 and said that the outlook for emerging market economies has stabilized.

The S&P BSE Smallcap index ended 1% higher at 12,404, is slightly away from its 52-week high of 12,423 touched in August 1, in intra-day trade.

In the past one-month, the BSE500 index up 3% as compared to 1.4% rise in the S&P BSE Sensex. The midcap index gained 7.6%, while smallcap index up 4% during the same period.

Since July 18, the foreign institutional investors have made net inflow of Rs 12,573 crore in equities, the stock exchange data shows.

Five state-owned companies stocks – Indian Bank, NHPC, NMDC, NTPC and Power Grid Corporation – hit their respective 52-week highs.

Jubilant Life Sciences rallied 12% to Rs 489 on the BSE. In past seven trading sessions, the stock of pharmaceutical company surged 48% from Rs 330 on August 8, after reported a healthy margin expansion.  The Ebitda (earnings before interest, taxes, depreciation and amortisation) margin expanded by 350 basis points at 26.2% for the quarter ended June 2016 (Q1FY17), up from 22.7% in the same quarter last year.

Piramal Enterprises gained 5.5% to Rs 1,946, extending its past two days 10% surge, after the company on Tuesday said it has bought Ash Stevens Inc., a US-based contract developer and manufacturer of drugs, in an all-cash deal for $43 million (Rs 286 crore).

COMPANY LATEST 52 WK HIGH PREV HIGH PREV DATE
AARTI INDS. 602.70 611.50 599.50 11-Aug-16
AIA ENGG. 1302.85 1318.75 1273.90 17-Aug-16
AJANTA PHARMA 1967.65 1979.80 1971.80 17-Aug-16
APL APOLLO 1001.50 1008.00 1000.45 17-Aug-16
BAJAJ AUTO 2942.75 2957.40 2948.00 17-Aug-16
BALKRISHNA INDS 752.35 774.00 750.00 17-Aug-16
BIRLA CORPN. 678.15 681.00 666.55 17-Aug-16
CESC 654.80 657.95 656.00 17-Aug-16
CROMP GREAVES 87.45 88.65 88.00 17-Aug-16
DELTA CORP 142.10 143.50 140.30 17-Aug-16
DEWAN HSG. FIN. 266.60 270.00 268.75 12-Aug-16
DIVI'S LAB. 1271.10 1285.00 1284.60 17-Aug-16
ESCORTS 313.25 319.85 314.95 16-Aug-16
FINOLEX CABLES 429.95 434.00 431.60 17-Aug-16
GHCL 260.20 268.45 260.00 17-Aug-16
GUJ.ST.PETRONET 152.60 153.90 153.50 08-Jan-16
HINDALCO INDS. 154.25 157.00 156.65 17-Aug-16
INDIA CEMENTS 125.60 130.80 128.50 09-Aug-16
INDIAN BANK 229.00 236.80 219.45 17-Aug-16
INDRAPRASTHA GAS 691.45 701.00 691.30 11-Aug-16
JAIN IRRIGATION 80.15 83.00 81.95 17-Aug-16
JSW STEEL 1779.95 1791.95 1780.00 17-Aug-16
JUBILANT LIFE 488.85 505.90 455.00 07-Dec-15
L&T FIN.HOLDINGS 93.55 94.75 94.30 17-Aug-16
LAK. MACH. WORKS 3903.00 4149.00 4045.00 07-Jul-16
LIC HOUSING FIN. 554.35 562.75 557.80 12-Aug-16
NCC 86.10 88.60 85.25 29-Oct-15
NHPC LTD 27.30 27.70 27.40 17-Aug-16
NMDC 106.65 108.20 105.50 19-Oct-15
NTPC 167.20 168.75 162.30 09-Aug-16
P & G HYGIENE 6981.65 7112.80 6936.00 12-Aug-16
PETRONET LNG 326.80 328.00 322.90 17-Aug-16
PIRAMAL ENTERP. 1946.25 1960.00 1858.00 17-Aug-16
POWER GRID CORPN 181.95 183.50 183.05 16-Aug-16
SUN TV NETWORK 484.35 486.35 484.20 01-Aug-16
T N NEWSPRINT 326.85 329.90 310.00 17-Aug-16
TATA CHEMICALS 517.35 523.25 517.00 11-Aug-16
TATA MOTORS-DVR 336.50 339.45 339.35 09-Aug-16
TATA POWER CO. 76.90 78.45 78.30 17-Aug-16
TATA STEEL 387.20 394.00 392.15 17-Aug-16
ULTRATECH CEM. 3871.20 3890.00 3838.00 09-Aug-16
UPL 642.20 652.00 645.45 17-Aug-16
VINATI ORGANICS 571.45 576.80 570.00 17-Aug-16
WHIRLPOOL INDIA 910.05 913.90 909.00 16-Aug-16
YES BANK 1320.55 1324.70 1314.30 16-Aug-16


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