Hindalco, Britannia, NBCC, TVS Motor, Dabur, D-Mart hit fresh record highs
Petronet LNG, Bata India, Sterlite Tech, Birla Corp and Bombay Burmah are among 17 stocks from the S&P BSE500 index hit their respective fresh record highs on the BSE on Thursday.
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Hindalco Industries, Britannia Industries, NBCC (India), TVS Motor Company, Avenue Supermarts (D-Mart) and Dabur India are among 17 stocks from the S&P BSE500 index hit their respective fresh record highs on the BSE on Thursday.
Bata India, Sterlite Technologies, Birla Corporation, Bombay Burmah Trading, Chambal Fertilisers & Chemicals, Deepak Fertilisers & Petrochemicals Corporation, KRBL and Petronet LNG are among the other stocks that scaled new highs today.
Bombay Burmah Trading, the top gainer among the pack, rallied 9% to Rs 1,494 on BSE in intra-day trade. The company engaged in tea & coffee business has rallied 71% from Rs 871 on August 3, after it reported a good set of numbers for June quarter (Q1FY18). The company’s net losses narrowed to Rs 1.69 crore in Q1FY18 from Rs 3.67 crore in a year ago quarter.
Hindalco Industries surged 5% to Rs 262 on expectation of good financial results for the second quarter ended September 2017 (Q2FY18). In past two months, post Q1FY18 results, the stock was up 11% against 1% gain in the benchmark Sensex.
“Hindalco overall standalone EBITDA (earnings before interest tax would improve by 16% QoQ, driven by higher volume & prices as well as higher TC/RC (treatment charge and refining charge) margin at its copper business,” analysts at Elara Securities (India) said in quarterly preview.
Bata India, Sterlite Technologies, Birla Corporation, Bombay Burmah Trading, Chambal Fertilisers & Chemicals, Deepak Fertilisers & Petrochemicals Corporation, KRBL and Petronet LNG are among the other stocks that scaled new highs today.
Bombay Burmah Trading, the top gainer among the pack, rallied 9% to Rs 1,494 on BSE in intra-day trade. The company engaged in tea & coffee business has rallied 71% from Rs 871 on August 3, after it reported a good set of numbers for June quarter (Q1FY18). The company’s net losses narrowed to Rs 1.69 crore in Q1FY18 from Rs 3.67 crore in a year ago quarter.
Hindalco Industries surged 5% to Rs 262 on expectation of good financial results for the second quarter ended September 2017 (Q2FY18). In past two months, post Q1FY18 results, the stock was up 11% against 1% gain in the benchmark Sensex.
“Hindalco overall standalone EBITDA (earnings before interest tax would improve by 16% QoQ, driven by higher volume & prices as well as higher TC/RC (treatment charge and refining charge) margin at its copper business,” analysts at Elara Securities (India) said in quarterly preview.