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IndusInd Bank, DHFL, HPCL, Dilip Buildcon, JSW Steel hit record highs

Vakrangee, Future Retail and Indiabulls Housing are among 13 stocks from BSE500 hit new high

SI Reporter  |  Mumbai 

MFs, growth, investment, income, dividend, markets,

IndusInd Bank, Dewan Housing Finance (DHFL), Hindustan Petroleum Corporation (HPCL), Dilip Buildcon, JSW Steel, Avenue Supermarts (D-Mart) and Vakrangee are among 13 stocks from the S&P BSE 500 index that hit their respective record highs on BSE.

Asahi India Glass, Future Retail, Heritage Foods, Indiabulls Housing, Jindal Stainless Hisar and Kansai Nerolac are among others hit new highs on Thursday.

All these stocks have outperformed the market by gaining up to 300% thus in the calendar 2017, as compared to 18.7% rise in the S&P BSE Sensex and 23% gain in the S&P index.

Future Retail, Dilip Buildcon and Jindal Stainless Hisar have become multi-baggers and rallied by more than 100%.

Dilip Buildcon was trading 4.5% higher at Rs 604 on BSE. The stock of roads & highways Company surged 164% from Rs 229 on December 30, 2016. The company had delivered stellar performance in January-March (Q4FY17) quarter with net profit growth at 227% year-on-year, led by a pickup in execution, lower interest growth and high early completion bonus of Rs 80 crore.

HPCL, too, hit a new high of Rs 471 on BSE in intra-day trade. The stock gained nearly 9% in past three trading sessions, after the board of state-owned Oil and Natural Gas Corporation (ONGC) on Monday gave 'in-principle' approval to acquire government's 51.11% stake in In past one month, it rallied 28% from Rs 369 as against 3% decline in the benchmark index. 

Company 30/12/2016 23/08/2017 % chg
Future Retail 128.45 505.85 293.8
Dilip Buildcon 229.25 604.40 163.6
Jindal Stainless Hisar 89.85 186.90 108.0
DHFL 243.70 473.35 94.2
Indiabulls Hous. 650.45 1212.90 86.5
Asahi India Glas 178.40 331.10 85.6
Vakrangee 273.20 473.80 73.4
H P C L 294.13 466.00 58.4
Heritage Foods 884.25 1366.55 54.5
JSW Steel 162.46 247.60 52.4
IndusInd Bank 1107.45 1679.00 51.6
Kansai Nerolac 319.90 466.65 45.9
S&P BSE Sensex 26626.46 31614.12 18.7
S&P index 11036.44 13620.10 23.4
LTP on BSE in Rs at 02:24 PM.

First Published: Thu, August 24 2017. 14:48 IST