HCL Tech, Reliance Capital, Sobha, MRF, Eros Intl hit 52-week highs

 

HCL Technologies, Reliance Capital, Sobha, MRF, Eros Intl hit 52-week highs

 

HCL Technologies, Reliance Capital, Sobha, Kotak Mahindra Bank, Eros International, MRF and Symphony are among 33 stocks from the S&P BSE 500 and S&P BSE Smallcap index hitting their respective 52-week highs on BSE in intra-day on Thursday.

Alembic Pharmaceuticals, Alkem Laboratories, GMDC, KEC International, NLC India, RCF, Sadbhav Engineering and Vakrangee are other notable stocks which hit 52-week highs.

MRF (up 2.8% at Rs 59,493) and Balkrishna Industries (up 3.5% at Rs 1,480) from the tyre sector touched their respective record highs on expectation of an improvement in pricing power due to decline in Chinese imports and falling rubber prices.
Meanwhile, the Commerce Ministry has called a meeting of the domestic players on March 28 to discuss anti dumping duty on import of certain kind of radial tyres, the PTI report suggests. CLICK HERE TO READ FULL REPORT

Sobha (12% at Rs 382) and Kolte-Patil Developers (2% at Rs 163) from the realty were trading at their 52-week highs.  Since February 1, the stock of Kolte-Patil Developers has zoomed 73%, and of Sobha by 47% after the Government had announced infrastructure status to affordable housing to promote and stimulate investment in real estate sector.

NLC India was up 3% at Rs 123, extending its past 23% surge in past two trading sessions after the state-owned company on Monday announced that the board declared an interim dividend of 73.40% or Rs 7.34 per equity share for the financial year 2016-17.

Dredging Corporation of India too rallied 6% to Rs 721 on BSE in intra-day trade. In past one month, the stock zoomed 60% from Rs 450 as compared to 1% rise in the S&P BSE Sensex.

Earlier this month, there was report that the government may sell 51% stake in Dredging Corporation of India. While the company, said to the exchanges, that it has no specific official communication from the government regarding stake sale.

COMPANY LATEST 52 WK HIGH PREV HIGH PREV DATE AKZO NOBEL 1783.50 1862.25 1740.00 31-Aug-16 ALEMBIC PHARMA 610.00 709.30 699.50 05-Oct-16 ALKEM LAB 2195.70 2217.00 2187.00 27-Feb-17 ASHIANA HOUSING 217.95 219.20 213.95 20-Mar-17 BALKRISHNA INDS 1439.00 1480.00 1478.65 21-Mar-17 CENTURY ENKA 420.45 428.10 415.80 22-Mar-17 DEEP INDUSTRIES 334.80 340.00 336.05 21-Mar-17 DREDGING CORPN. 708.70 720.95 716.00 17-Mar-17 ELECTROST.CAST. 30.50 30.75 30.75 21-Mar-17 ENDURANCE TECH. 738.90 749.15 740.00 22-Mar-17 EROS INTL.MEDIA 253.25 256.00 250.00 22-Mar-17 FUTURE LIFESTYLE 233.00 234.15 232.50 21-Mar-17 G M D C 122.70 123.70 123.10 30-Jan-17 GUFIC BIOSCIENCE 66.70 69.00 66.50 31-Jan-17 HCL TECHNOLOGIES 875.00 880.00 879.15 20-Mar-17 ITI 67.85 68.25 59.80 22-Mar-17 K E C INTL. 182.10 185.10 180.00 22-Mar-17 KOLTE PATIL DEV. 161.65 163.00 160.85 22-Mar-17 KOTAK MAH. BANK 866.95 870.75 865.00 22-Mar-17 MRF 58992.45 58992.45 58459.95 22-Mar-17 NCL INDS. 182.75 183.25 182.70 22-Mar-17 NLC INDIA 121.00 123.00 121.80 22-Mar-17 PHILLIPS CARBON 320.10 324.00 317.00 22-Mar-17 R C F 70.00 70.20 69.15 22-Mar-17 RELIANCE CAPITAL 616.00 617.90 614.25 20-Mar-17 SADBHAV ENGG. 318.80 325.00 325.00 22-Mar-17 SHARDA MOTOR 1920.00 1990.00 1740.00 22-Mar-17 SOBHA 374.50 381.90 348.00 01-Mar-17 SRIKALAHAS. PIP. 382.00 382.55 372.00 22-Mar-17 SYMPHONY 1550.00 1571.45 1558.50 22-Mar-17 VAKRANGEE 319.75 322.20 321.35 22-Mar-17 VIKAS ECOTECH 22.50 22.55 22.40 06-Mar-17 VISAKA INDS. 267.50 268.50 258.95 17-Mar-17