ALSO READICICI Bank, Hindustan Unilever, SBI, JBF Ind, Sintex Ind hit 52-week highs HDFC Bank hit new high; market cap crosses Rs 4 lakh crore HDFC Bank hits new high; market-cap inches closer to Rs 4 lakh crore mark HDFC Bank surpasses Reliance, becomes second most valuable company Sensex at 30,000: No PSU in top 5 cos, RIL leads rally with 40% gain
The S&P BSE Sensex hit a fresh record high of 31,522 in intra-day trade on Thursday, surpassed its previous high of 31,430 touched on June 6, 2017. However, the S&P BSE Midcap index hit high of 14,943 is still 1.2% or 180 points away from its record high of 15,123 touched on May 17, 2017.
Among the sectoral indices, banking index S&P BSE Bankex hit a record high. HDFC Bank and Kotak Mahindra Bank from the Sensex hit their respective lifetime highs today.
NBCC, JBF Industries, SpiceJet, Can Fin Homes, Entertainment Network, Visaka Industries and Gabriel India are among 21 stocks from the Smallcap index touched new highs.
Entertainment Network (ENIL) has surged 8.5% to Rs 986, extending its past one month’s 22% rally, after the company reported a better-than-expected results for March quarter (Q4FY17).
“Despite the continued demonetization headwinds in Q4, ENIL reported better-than-expected, 19% yoy, revenue growth (6.2% legacy, 12.4% new stations),” analyst at Anand Rathi Share and Stock Brokers said.
“We are optimistic about ENIL’s strategy of operating multiple frequencies in many cities. This may increase the target market (audience and advertising market-share) with the additional benefit of operating leverage by virtue of two stations in a city. Its nationwide operations should help attract more advertisers,” the brokerage firm said in company update dated May 24, 2017.
The company on Monday has signed a memorandum of understanding with Boeing for 40 737 MAX airplanes.
“The agreement, valued at approximately $4.74 billion at current list prices, is split evenly between 20 new orders for the 737 MAX 10 and conversions of 20 of the low-cost carrier’s 737 MAX 8 airplanes of its current order to 737 MAX 10s,” SpiceJet said in a press release.
On Tuesday, the company announced plans to purchase 50 Q400 turboprop aircraft worth $1.7 billion (over Rs 10,900 crore) from Bombardier, a day after signing a pact for buying 40 Boeing 737 MAX planes.
|COMPANY||LATEST||ALL TIME HIGH||PREV HIGH||PREV DATE|
|CAN FIN HOMES||3289.95||3333.00||3299.85||21-Jun-17|
|DEWAN HSG. FIN.||462.25||468.45||466.75||16-Jun-17|
|GULF OIL LUBRIC.||834.10||900.00||880.60||20-Jun-17|
|ICICI PRU LIFE||447.70||449.75||449.30||19-Jun-17|
|KOTAK MAH. BANK||999.00||999.00||995.60||21-Jun-17|
|L & T INFOTECH||828.80||840.00||834.30||20-Jun-17|
|S P APPARELS||479.00||482.00||479.40||13-Jun-17|
|VST TILL. TRACT.||2330.65||2399.95||2388.90||21-Jun-17|