45 BSE500 stocks hit 52-week highs

23 stocks include UltraTech Cement, YES Bank, Escorts, Delta Corp, LIC Housing, Piramal Ent and Jubilant Life hit record 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