 "20 stocks from BSE 500 pack hit all-time highs today")
Bajaj Finance, Grasim Industries, Trident, DCM Shriram Industries, KEC International and KRBL are among 20 stocks from the S&P BSE 500 index, which hit their respective all-time highs in intra-day trade on Friday.
Four private sector banks such as Kotak Mahindra Bank, DCB Bank, Federal Bank and IndusInd Bank along with Escorts, MRF and Sundram Fasteners from the auto and auto ancialliry sector hit their new highs.
At 02:21 pm; the S&P BSE 500 index was up 0.49% at 12,516 as compared to 0.58% rise in the S&P BSE Sensex. The index hit an intra-day high of 12,523, and is 68 points away from its record high of 12,592 touched on March 17, 2017.
DCM Shriram has surged 12% to Rs 310 on the back of over 10-fold jump in trading volumes. The company is a diversified company with business in agri, chemicals, plastics, cement, textiles and energy services.
DCM Shriram had reported 60% year-on-year growth in its consolidated net profit at Rs 395 crore for the first nine months ended December 2016 (9MFY17). The company reported healthy earnings growth driven by better performance of the sugar and chemical businesses.
KEC International rallied 8% to Rs 207, extending its Thursday’s 7% gain on BSE. Since February, the stock soared 40% as compared to 7% rise in the S&P BSE Sensex.
The company reported more than double consolidated net profit at Rs 159 crore for 9MFY17 against Rs 71 crore in 9MFY16. EBIDTA (earnings before interest tax and depreciation) margin increased to 8.8% from 7.5%.
While announcing results, Vimal Kejriwal, MD & CEO, KEC International said, “the international business sentiment is clearly picking up as is evinced by an uptick in our International order intake and L1 positions. Further, we have successfully rebalanced our Middle East portfolio with the new order win in Jordan and earlier order win in Egypt."
The railways business continues to witness a rapid built-up on the back of consecutive large order wins thereby reaffirming our confidence in the Railways growth story. We have a strong order book position and robust L1 pipeline which gives us good visibility and confidence going ahead," he added.
Four private sector banks such as Kotak Mahindra Bank, DCB Bank, Federal Bank and IndusInd Bank along with Escorts, MRF and Sundram Fasteners from the auto and auto ancialliry sector hit their new highs.
At 02:21 pm; the S&P BSE 500 index was up 0.49% at 12,516 as compared to 0.58% rise in the S&P BSE Sensex. The index hit an intra-day high of 12,523, and is 68 points away from its record high of 12,592 touched on March 17, 2017.
DCM Shriram has surged 12% to Rs 310 on the back of over 10-fold jump in trading volumes. The company is a diversified company with business in agri, chemicals, plastics, cement, textiles and energy services.
DCM Shriram had reported 60% year-on-year growth in its consolidated net profit at Rs 395 crore for the first nine months ended December 2016 (9MFY17). The company reported healthy earnings growth driven by better performance of the sugar and chemical businesses.
KEC International rallied 8% to Rs 207, extending its Thursday’s 7% gain on BSE. Since February, the stock soared 40% as compared to 7% rise in the S&P BSE Sensex.
The company reported more than double consolidated net profit at Rs 159 crore for 9MFY17 against Rs 71 crore in 9MFY16. EBIDTA (earnings before interest tax and depreciation) margin increased to 8.8% from 7.5%.
While announcing results, Vimal Kejriwal, MD & CEO, KEC International said, “the international business sentiment is clearly picking up as is evinced by an uptick in our International order intake and L1 positions. Further, we have successfully rebalanced our Middle East portfolio with the new order win in Jordan and earlier order win in Egypt."
The railways business continues to witness a rapid built-up on the back of consecutive large order wins thereby reaffirming our confidence in the Railways growth story. We have a strong order book position and robust L1 pipeline which gives us good visibility and confidence going ahead," he added.
| COMPANY | LATEST | ALL TIME HIGH | PREV HIGH | PREV DATE |
| AKZO NOBEL | 1730.00 | 1750.00 | 1740.00 | 31-Aug-16 |
| ALKEM LAB | 2193.00 | 2224.80 | 2187.00 | 27-Feb-17 |
| BAJAJ FIN. | 1184.55 | 1197.80 | 1192.00 | 20-Mar-17 |
| BOMBAY BURMAH | 847.20 | 869.05 | 825.00 | 06-Mar-17 |
| DCB BANK | 167.20 | 168.45 | 167.05 | 16-Mar-17 |
| DCM SHRIRAM | 306.00 | 309.90 | 297.00 | 14-Feb-17 |
| ENDURANCE TECH. | 732.95 | 745.00 | 740.00 | 22-Mar-17 |
| ESCORTS | 528.60 | 532.80 | 531.00 | 21-Mar-17 |
| FEDERAL BANK | 90.25 | 90.55 | 89.80 | 01-Mar-17 |
| GIC HOUSING FIN | 364.75 | 369.20 | 354.00 | 19-Oct-16 |
| GRASIM INDS | 1059.50 | 1098.00 | 1098.00 | 21-Mar-17 |
| INDUSIND BANK | 1389.50 | 1404.25 | 1398.00 | 21-Mar-17 |
| K E C INTL. | 204.85 | 206.50 | 184.40 | 08-Nov-07 |
| KOTAK MAH. BANK | 869.20 | 870.15 | 865.00 | 22-Mar-17 |
| KRBL | 408.20 | 417.45 | 413.40 | 21-Mar-17 |
| MRF | 59419.45 | 59635.20 | 58459.95 | 22-Mar-17 |
| NAVIN FLUO.INTL. | 2962.00 | 3012.00 | 2983.80 | 20-Jan-17 |
| SUNDRAM FASTEN. | 382.55 | 383.70 | 381.40 | 20-Mar-17 |
| TRIDENT | 87.50 | 90.30 | 84.50 | 16-Mar-17 |
| VAKRANGEE | 328.45 | 328.50 | 321.35 | 22-Mar-17 |
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%