29 stocks from BSE Smallcap index hit new high

Balkrishna Ind, Graphite India, Lumax Ind, PSP Projects, Ramkrishna Forgings, Prabhat Dairy, TTK Prestige and West Coast Paper hit new highs on Friday

Balkrishna Industries, Graphite India, Lumax Industries, PSP Projects, Ramkrishna Forgings, Prabhat Dairy, TTK Prestige and West Coast Paper were among 29 stocks from the S&P BSE Smallcap index hit their respective new highs on Friday.

Chamanlal Setia Exports, Finolex Cables, KEI Industries, N R Agarwal Industries, Precision Wires, Hinduja Global Solutions, Rane (Madras), Sterling Tools were too touched record highs on the BSE in intra-day trade today.

At 03:03 PM; the S&P BSE Smallcap index, the largest gainer among broader indices, was up 1.1% at 18,238 points. On comparison, the S&P BSE Midcap and S&P BSE Sensex were up 0.9% each.

The smallcap index hit an intra-day high of 18,248, is less than 1% or 163 points away from its all-time high of 18,411 touched on December 1, 2017.

Among the individual stocks, Hinduja Global Solutions, the business process management services arm of Hinduja Group, surged 16% to Rs 885 on the BSE on back of an over four-fold jump in trading volumes.

Balkrishna Industries, hit an all-time high of Rs 2,450, up 9%, extending its Thursday’s 2.5% gain on the BSE, on back of two-fold jump in trading volumes.

Since November 8, the stock of tyre company has surged 36% from Rs 1,798 after the board recommended 1:1 bonus share (1 share for every 1 share held). On comparison, the S&P BSE Sensex was up marginally by 0.03% during the period. The company yet to announce the record date for the bonus issue.

Balkrishna Industries reported a better-than-expected net profit at Rs 203 and revenue of Rs 1,114 crore for the quarter ended September 2017 (Q2FY18). The company has recorded highest ever quarterly volume at 49,331 MT, a growth of 15.9% year on year, against analyst estimate of 11%.

COMPANY	LATEST	ALL TIME HIGH	PREV HIGH	PREV DATE
BALKRISHNA INDS	2415.00	2450.20	2255.00	07-Dec-17
CHAMANLAL SETIA	150.40	158.00	143.15	07-Dec-17
FINEOTEX CHEM	46.95	48.35	47.90	05-Dec-17
FINOLEX CABLES	683.40	690.00	686.95	01-Dec-17
GRAPHITE INDIA	659.10	675.00	656.95	17-Nov-17
GUJ. AMBUJA EXP	191.80	195.30	185.00	27-Oct-17
HESTER BIOS	1445.00	1482.00	1467.95	07-Dec-17
HINDUJA GLOBAL	859.00	884.80	792.50	05-Dec-17
HUHTAMAKI PPL	341.80	348.95	339.40	04-Dec-17
INTRASOFT TECH.	801.00	835.00	830.00	05-Dec-17
ISGEC HEAVY	7511.05	7650.00	7499.00	15-Apr-15
JK PAPER	129.20	130.75	130.15	28-Nov-17
K E C INTL.	339.35	352.40	346.00	07-Dec-17
KEI INDS.	408.00	414.00	411.75	05-Dec-17
LUMAX INDS.	2110.00	2241.00	2100.00	04-Dec-17
MAYUR UNIQUOTE	506.00	516.00	514.60	16-Apr-15
N R AGARWAL INDS	441.00	453.35	426.00	04-Dec-17
PC JEWELLER	412.75	419.95	415.75	29-Nov-17
PRABHAT DAIRY	176.10	178.80	173.50	07-Dec-17
PREC. WIRES (I)	236.05	246.80	241.05	23-Nov-17
PSP PROJECTS	504.25	518.00	501.00	05-Dec-17
RAMKRISHNA FORG.	817.00	825.00	824.95	30-Oct-17
RANE (MADRAS)	789.80	824.75	767.95	07-Dec-17
RANE HOLDINGS	2079.00	2163.40	2133.70	07-Dec-17
RATNAMANI METALS	999.95	1055.00	1026.20	20-Nov-17
STERLING TOOLS	444.50	477.70	428.00	07-Dec-17
THE HI-TECH GEAR	512.40	532.00	516.70	06-Dec-17
TTK PRESTIGE	7144.05	7250.75	7116.05	07-Dec-17
WEST COAST PAPER	285.60	290.55	250.15	06-Dec-17