MRF, Birla Corp, Kajaria Ceramics, Lumax Ind, Dishman Pharma hit record highs

Bayer Crop, Shree Pushkar Chem, Gulf Oil Lubricants and Atul are among 20 stocks from BSE midcap and smallcap who hit their respective record highs

MRF, Birla Corporation, Kajaria Ceramics, Bayer Cropsciences, Lumax Industries, Dishman Pharmaceuticals & Chemicals and Shree Pushkar Chemicals & Fertilisers are among 20 stocks from the BSE midcap and smallcap indices that were trading at their respective record highs on the BSE on Wednesday.

Atul, Gulf Oil Lubricants, Manpasand Beverages, Shriram City Union Finance, Vivimed Labs, Biocon, IDFC Bank and TVS Srichakra are among others shares who were quoting at their new highs.

At 12:05 am, the S&P BSE Midcap and S&P BSE Smallcap indices were up nearly 1% each, as compared to 0.09% rise in the benchmark S&P BSE Sensex.

Birla Corporation was up 3% to Rs 722, extending last one week 8% rally on the BSE, after Reliance Mutual Fund bought stake in the company through open market.

On September 22, Reliance Capital Trustees A/c through various schemes of Reliance Mutual Fund and Reliance Nippon Life Asset Management – portfolio management services has bought 33,000 shares of Birla Corporation via open market.

Post acquisition, total holding of Reliance Mutual Fund in the company increased to 5.04% from 4.99% earlier, Birla Corporation said in a regulatory filing.

Vivimed Labs has rallied 12% to Rs 115 on in intra-day, extending its Tuesday’s 20% surge, after investor Ashish Kacholia acquired nearly two percentage point stake in the pharmaceuticals company through open market.

On September 27, Ashish Kacholia purchased 1.37 million equity shares representing 1.7% of total equity of Vivimed Labs at an average price of Rs 90.50 per share, the NSE bulk deal data shows.

MRF was up 2% at Rs 47,625 on the BSE. The stock of auto tyres & rubber products maker has surged 56% from its 52-week low of Rs 30,464 touched on June 24 in intra-day trade. The rally in stock on expectation of a lower nature rubber prices could improve the profit margin of tyre companies as its accounts around 40% of input cost.

Kajaria Ceramics hit a new high of Rs 1,388, up 3% on the BSE ahead of stock split on Tuesday, October 4, 2016.

The company has fixed October 05, 2016 as the record date for the purpose of determining the eligibility of shareholders for the sub-division of equity shares of the company from Rs 2 each to Re 1 each.

Asian Granito India, one of India’s largest tiles companies, too hit a record high of Rs 295, up 6% on the BSE.  In past four-months, the stock zoomed 87% from Rs 158 against 6% rise in the benchmark index.

“Driven by introduction of value-added products in the urban areas and increasing penetration of ceramic tile as a preferred option in rural areas, rising awareness towards personal hygiene along with massive schemes launched by the Government of India, the Indian Ceramic Tile Industry has the potential to maintain positive growth in the medium term,” according to CARE rating.

India’s domestic consumer market, increase in working-age population and urbanisation is envisaged to augur well for the aesthetically and technically superior high-end ceramic tiles in the urban segment than in the past, the rating agency said in August report.

COMPANY	LATEST	ALL TIME HIGH	PREV HIGH	PREV DATE
ASIAN GRANITO	288.65	295.00	295.00	23-Sep-16
ATUL	2330.00	2347.80	2317.00	27-Sep-16
BAYER CROP SCI.	4510.00	4575.00	4496.50	27-Sep-16
BIOCON	973.70	988.00	983.00	27-Sep-16
BIRLA CORPN.	720.00	722.00	708.30	27-Sep-16
DISHMAN PHARMA.	238.35	238.60	227.90	23-Sep-16
GULF OIL LUBRIC.	762.00	762.00	759.95	08-Sep-16
IDFC BANK	80.40	83.45	77.75	27-Sep-16
INDIAN HUME PIPE	687.30	697.00	679.00	08-Sep-16
KAJARIA CERAMICS	1380.00	1388.00	1375.00	16-Sep-16
KUSHAL TRADELINK	169.50	169.50	169.50	27-Sep-16
LUMAX INDS.	842.60	859.00	848.40	27-Sep-16
MANPASAND BEVER.	754.55	769.70	764.80	30-Aug-16
MRF	47584.00	47625.00	46900.00	27-Sep-16
RUSHIL DECOR	560.05	566.60	564.40	27-Sep-16
SH.PUSHKAR CHEM.	140.85	145.00	143.00	07-Apr-16
SHRI.CITY UNION.	2230.00	2354.00	2350.00	22-Aug-16
THE BYKE HOSPI.	187.70	192.35	183.43	12-Feb-14
TVS SRICHAKRA	3302.05	3333.00	3249.00	18-Aug-15
VIVIMED LABS.	112.10	114.95	102.65	27-Sep-16