RPG Life, SpiceJet, OnMobile Global, Sasken Communication hit 52-week high

Maruti Suzuki, Kajaria Ceramics, Max India, Petronet LNG and Ramco Cements from BSE A group stocks touched their respective 52-week highs in intra-day trade today.

Shares of select non-A group stocks such as RPG Life Sciences, SpiceJet, OnMobile Global, Sasken Communication, Intellect Design Arena, Kinetic Engineering, Bombay Rayon Fashions, Manugraph India, Radico Khaitan and Simplex Castings have touched their respective 52-week highs and rallied by up to 20% on the Bombay Stock Exchange (BSE) today.

RPG Life Sciences was locked in 20% upper circuit at Rs 229 on the BSE with no sellers seen on the counter. The stock of pharmaceutical company had posted a net profit of Rs 2.56 crore for the quarter ended September 2015 against a loss of Rs 7.39 crore in the same quarter year ago.

Simplex Castings too frozen maximum upper limit of the day, up 20% at Rs 61.95 after the company announced that it has received an order from Diesel Locomotive Works (DLW), owned by Indian Railways worth of Rs  54 crore approx.

OnMobile Global soared 19% to Rs 126 on back of an over 10-fold jump in trading volumes. Till 02:37 PM, a combined 4.83 million shares changed hands as against an average sub 500,000 shares that were traded daily in past two weeks on the BSE and NSE.

Intellect Design Arena has rallied 16% to Rs 284 also its record high on the BSE, after Intellect SEEC, the insurance software division of the company announced the launch of its Digital Distribution Suite for the UK Life and Pension markets.

SpiceJet was up 9% to Rs 62.60, after hitting intra-day high of Rs 65.40, also it’s a fresh four-year high on the BSE. The trading volumes on the counter increased by nearly three-fold with around 46.67 million shares representing 8% of total equity of the company changed hands so far.

Maruti Suzuki India, First Source Solutions, Kajaria Ceramics, Max India, Petronet LNG and The Ramco Cements are the frontline ‘A ‘group stocks touched their respective 52-week highs on the BSE in intra-day trade.

Maruti Suzuki India has touched Rs 4,769, also its lifetime high on the BSE. Nomura expects Maruti Suzuki to benefit the most as its products in the entry segment would appeal to these employees. CLICK HERE TO FULL REPORT.