HUL, Bajaj Finance, Nippon Life and 22 other BSE500 stocks hit record high

ICICI Securities, Nippon Life India Asset Management, AU Small Finance Bank, and CreditAccess Grameen also scaled their fresh peaks today.

Shares of Hindustan Unilever (HUL), Bajaj Finance, and Nestle India from the S&P BSE Sensex hit their respective record highs on Wednesday.

Besides, ICICI Securities, Nippon Life India Asset Management, AU Small Finance Bank, CreditAccess Grameen, JK Cements, Ratnamani Metals and Navin Fluorine International were among 25 stocks from the S&P BSE 500 index that touched new highs today.

Apollo Hospitals Enterprises, Granules India, Torrent Pharma, Abbott India, Alkem Laboratories and Divi’s Laboratories from the healthcare sector; PVR and INOX Leisure from the multiplex operators and Ircon International and Indian Railway Catering and Tourism Corporation (IRCTC) from the rail-related sector also hit their new highs.

HUL, the fast moving consumer goods (FMCG) giant, hit a new high of Rs 2,307, up 3 per cent on the BSE. Thus far in the current calendar year 2020, HUL has outperformed the market by surging 20 per cent. In comparison, the benchmark S&P BSE Sensex has remained unchanged. 

Analysts believe the company’s focus on innovation and market development will help the company in achieving sustainable volume and value growth going forward. They expect HUL’s high-teens earnings growth on an organic basis (23 per cent CAGR including the GlaxoSmithKline Consumer Healthcare merger and synergies) witnessed in recent years to continue.

Shares of IRCTC, the online ticketing, tourism and the catering arm of railways, rallied 10 per cent to Rs 1,798, its highest level since listing on October 14, 2019.  In the past two trading days, it has rallied 18 per cent ahead of the commercial run of Kashi Mahakal Express, the third train operated by it, from Thursday, February 20.

Nippon Life India Asset Management surged 9 per cent to Rs 429, surpassing its previous high of Rs 412 touched on February 20, 2020. In the past one month, the stock soared 24 per cent, after it reported Rs 193 crore profit before tax (PBT) in December quarter, a jump of 18.4 per cent from corresponding period in last fiscal.

Following Nippon taking over full ownership of the AMC, the management said there has been reversal of declining asset base. The average assets under management for December quarter stood at Rs 2.04 trillion for the mutual fund business.

COMPANY	LATEST	ALL TIME HIGH	PREV HIGH	PREV DATE
ABBOTT INDIA	15780.00	16199.00	15650.00	18-Feb-20
AKZO NOBEL	2438.95	2500.00	2500.00	17-Feb-20
ALKEM LAB	2630.65	2720.00	2698.50	10-Feb-20
APOLLO HOSPITALS	1778.75	1790.20	1783.30	18-Feb-20
AU SMALL FINANCE	1169.80	1201.90	1177.95	11-Feb-20
BAJAJ FIN.	4876.00	4885.60	4815.00	14-Feb-20
CREDITACC. GRAM.	935.00	965.70	902.80	18-Feb-20
DEEPAK NITRITE	490.00	498.15	491.55	18-Feb-20
DIVI'S LAB.	2175.90	2189.50	2189.00	14-Feb-20
GLAXOSMITH C H L	9843.10	9917.55	9876.70	17-Feb-20
GRANULES INDIA	186.85	188.55	180.50	18-Feb-20
HIND. UNILEVER	2289.30	2307.20	2297.35	14-Feb-20
ICICI SEC	496.85	514.80	498.60	27-Jan-20
INOX LEISURE	481.20	489.00	486.00	11-Feb-20
IRCON INTL.	584.40	598.80	572.40	14-Feb-20
J K CEMENTS	1464.45	1471.00	1465.00	10-Feb-20
JOHNSON CON. HIT	2960.55	2980.00	2945.70	13-Feb-20
KOTAK MAH. BANK	1708.30	1739.95	1734.35	19-Dec-19
NAVIN FLUO.INTL.	1279.00	1305.10	1288.50	18-Feb-20
NESTLE INDIA	16765.25	16839.55	16753.45	14-Feb-20
NIPPON LIFE IND.	425.50	429.35	411.85	12-Feb-20
PVR	2105.05	2119.95	2097.90	17-Feb-20
RATNAMANI METALS	1321.25	1359.95	1358.45	04-Feb-20
TORRENT PHARMA.	2226.00	2285.95	2156.60	18-Feb-20
VAIBHAV GLOBAL	1155.00	1161.35	1141.25	18-Feb-20