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Hindustan Unilever, Maruti Suzuki, ACC, Power Grid hit new highs

Adani Ports, Biocon, Birla Corp, Dalima Bharat and Future Consumer too hit record highs

SI Reporter  |  Mumbai 

Stock markets
Stock markets

Five companies – (HUL), Maruti Suzuki India, and Special Economic Zone (SEZ), and Power Grid Corporation – from the Nifty50 index hit their respective all-time highs on the National Stock Exchange (NSE) in intra-day trade on Tuesday.

Other companies like Biocon, Birla Corporation, Dalima Bharat, Future Consumer, OCL India, Quess Corp and Tata Investment Corporation from the Nifty 500 and S&P BSE 500 indices hit their record highs too in today's trade.

hit a new high of Rs 1,190, up 3% on BSE in intra-day, ahead of April-June quarter (Q1FY18) results today.

Analysts at Edelweiss Securities expect to record a volume decline of around 1-2% year-on-year (YoY) on a base of 4% YoY (volumes grew 4% YoY in Q4FY17 on a base of 4% YoY) owing to impact in CSD (canteen-store-departments) sales (CSD offtake has been negligible over past 1 month – CSD contributes 5-6% of sales), destocking in wholesale channel owing to GST.

GST albeit will not impact the consumer demand but destocking by wholesalers is inevitable - share of wholesale lower for and hence impact would be lower compared to many other staple companies.

“Company is expanding its focus on Herbal segment under brand Aayush which should also aid volumes to some extent. Prices have been holding well. This coupled with benign raw material prices should aid in holding its margins. Further, with multiple cost reduction initiatives such as ZBB, efficiencies in ad spends, etc should cushion EBITDA,” the brokerage firm said in Q1FY18 result preview.

(up 3% to Rs 1,810), along with other cement companies like Dalmia Bharat, OCL India and Birla Corporation (up 1% each) hit record high after reported a good set of numbers for the quarter ended June.

reported an about 33% rise in June-quarter consolidated profit at Rs 326 crore, boosted by higher cement sales volume.

The company's cement sales volume rose 10.1% to 6.74 million tons in the quarter, it said in a statement on Monday.

Future Consumers zoomed 11% to 42.50, on back of over four-fold jump in trading volumes. A combined 18.41 million equity shares changed hands on the counter on BSE and NSE so far.

The S&P BSE Sensex was down 0.78% at 31,825, while Nifty 50 index trading 0.61% lower at 9,855 at 12:07 pm.

COMPANY LATEST ALL TIME HIGH PREV HIGH PREV DATE
ACC 1782.60 1809.80 1778.75 17-Jul-17
ADANI PORTS 381.15 383.95 383.60 17-Jul-17
BIOCON 415.55 418.95 411.95 17-Jul-17
BIRLA CORPN. 939.45 945.05 944.00 17-Jul-17
DALMIA BHAR. 2770.00 2779.20 2776.40 17-Jul-17
FUTURE CONSUMER 42.10 42.50 39.60 17-Jul-17
HIND. UNILEVER 1158.05 1190.00 1155.80 17-Jul-17
MAGMA FINCORP 179.10 181.20 176.50 13-Jul-17
MARUTI SUZUKI 7562.85 7589.30 7586.35 14-Jul-17
OCL INDIA 1293.10 1293.10 1292.00 17-Jul-17
POWER GRID CORPN 219.70 220.00 217.90 13-Jul-17
QUESS CORP 948.90 970.00 964.00 17-Jul-17
TATA INV.CORPN. 796.20 807.35 804.50 04-Jan-08

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