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Infosys, Bajaj Auto, Hero MotoCorp, Yes Bank, Zee Entertainment hit 52-week high
Posted on 3rd June 2016
Infosys, Asian Paints, Bajaj Auto, Hero MotoCorp, IndusInd Bank, Yes Bank, Kotak Mahindra Bank and Zee Entertainment Enterprises are eight stocks from the Nifty 50 index touching their respective 52-week highs on the National Stock Exchange (NSE) in intra-day trade today.

Of these, five stocks - Infosys, Asian Paints, IndusInd Bank, Kotak Mahindra Bank and Yes Bank are quoting at their lifetime highs on the NSE.

Nifty 50 index hit an intra-day high of 8,262, its highest level since October 26, 2015. In the past nine trading sessions, the index has gained 6.9% from 7,731 on May 23, after companies reported better-than-expected results for the quarter ended March 2016 (Q4FY16).

Include, Bajaj Finance, Godrej Consumer Products, Manappuram Finance, MphasiS, Muthoot Finance, Pidilite Industries, Sharda Cropchem, Shree Cement, SKS Microfinance and V-Guard Industries are among 26 stocks from Nifty 500 index too hit their 52-week highs.

Shares of two-wheelers maker - Hero MotoCorp and Bajaj Auto - were up 2% each at Rs 3,211 and Rs 2,659, respectively in intra-day trade on the NSE.

Hero MotoCorp on Thursday said a good monsoon after two consecutive years of sub-normal rains could lead to a change in sentiments in the rural markets, which may lead to a positive turn-around in the industry in the second half of this fiscal.

Three private sector banks – Yes Bank, IndusInd Bank and Kotak Mahindra Bank – trading at their lifetime highs after reported a good set of numbers for Q4.

V-Guard Industries hit a record high of Rs 1,430, surging 52% since May 2, post Q4 results. The company reported more than doubled net profit of Rs 42 crore for Q4FY2016, driven by healthy revenue growth and strong margin expansion. The management said the business outlook remains positive during the first half of the current fiscal (FY16-17).

Related Companies: Infosys Technologies Limited   Bajaj Auto Limited   Yes Bank   

Other Latest News
Verdict allowing women into Sabarimala not the 'final word': Supreme Court
Posted on 5th December 2019

The Supreme Court on Thursday said its 2018 verdict allowing entry of girls and women of all ages into the Ayyappa temple at Kerala's Sabarimala was not the final word as the matter was referred to a larger bench.

The apex court's observation came when senior advocate Indira Jaising, appearing for a woman devotee, Bindu Ammini, alleged violation of the 2018 verdict and said her client was attacked for her bid to enter the shrine.


Hyundai plans to bring fuel cell cars to India, Nexo could be first launch
Posted on 5th December 2019

Korean auto major Hyundai is planning to bring fuel cell electric vehicles to India. The company has already started a feasibility study as part of the plan.

Hyundai Nexo, which is already available in many markets, could be the first launch. The company claims Nexo is the world's first dedicated hydrogen-powered SUV and that it has a range of close to 380 miles, highest for any fuel-cell or electric vehicle in the market.


HDFC AMC slips 5% as Standard Life to sell additional stake via OFS
Posted on 5th December 2019

Shares of HDFC Asset Management Company (AMC) dipped 5 per cent to Rs 3,173 in intra-day deals on Thursday, after the company said it will use a greenshoe option for sale of additional 0.86 percent stake via offer for sale (OFS). The stock had ended 3 per cent lower at Rs 3,329 on the BSE a day earlier.

With the past two day's decline, HDFC AMC has corrected 17 per cent from its all-time high of Rs 3,844 touched on November 22, 2019.


RBI surprise: Repo rate left unchanged; FY20 GDP forecast lowered to 5%
Posted on 5th December 2019

Springing a surprise, the monetary policy committee of the Reserve Bank of India (RBI) maintained the repo rate at 5.15 per cent points (bps) in its fifth bi-monthly monetary policy meeting of the financial year 2019-20 (FY20) on Thursday. However, GDP growth forecast for FY20 was slashed to 5 per cent from 6.1 per cent.

The three-day rate-setting meet started on Tuesday (December 3). In its October meet, the RBI had cut interest rate by 25 bps to 5.15 per cent.


Polycab India hits fresh record high; stock zooms 100% from August low
Posted on 5th December 2019

Shares of Polycab India continued their upward journey, and hit a new high of Rs 1,052, up 6 per cent on the BSE on Thursday, on expectation of strong earnings going forward. The company was included in the MSCI Global Small Cap Index with effect from November 26, 2019.

The stock of the fast moving electric goods (FMEG) company zoomed 100 per cent from its recent low of Rs 525, touched on August 22, 2019.


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