 "Coal India, Bajaj Finance, BPCL, Jubilant FoodWorks hit 52-week high")
Coal India, Bajaj Finance, Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL), Indian Oil Corporation (IOC), Dabur India, Britannia Industries, BEML and SRF are among 143 stocks that have touched their respective 52-week highs on the Bombay Stock Exchange (BSE) in this session.
Bajaj Finserv, Emami, Essar Oil, Karnataka Bank, Oracle Financial Services Software, TV18 Broadcast and Welspun Corp are prominent stocks from the A group to hit 52-week highs.
At 1132 hours, the S&P BSE Sensex was quoting at 28,249, having rallied 7.1% or 1,878 points from its recent lows of 26,371 touched on June 11, 2015.
The state-owned oil marketing companies (OMCs) such as BPCL, HPCL and IOC were trading at multi-year highs after a sharp drop in crude oil prices.
According to analysts at Nomura, this financial year will be a defining year for public sector undertakings in the oil sector. They expect an increase of 53-134% in earnings, as the full impact of reforms in oil marketing (diesel deregulation, cooking gas direct benefits transfer, etc) and a sharp decline in oil prices will be visible.
Coal India has hit a record high of Rs 430 on the BSE in intra-day trades. The company has begun 2015-16 on a strong note, registering a 12% growth in output at 121.33 million tonnes (MT) in the first quarter and meeting 99% of the target.
SRF too hit a new high of Rs 1,356, having rallied 30% in the past three weeks after the government extended the anti-dumping duty on Nylon Tyre Cord Fabric from China.
The Greece referendum results were pushed to the background, as investors tried to cash in on the dips ahead of Q1 results announcement. It is likely that lower interest rates, oil prices, inflation, may have spilled over to better growth performances, said Anand James, Co Head Technical Research Desk, Geojit BNP Paribas.
Meanwhile, Aegis Logistics, J Kumar Infraprojects, Marksans Pharmaceuticals, Praj Industries, Relaxo Footwear, Sterlite Technologies, Vardhman Textiles and Welspun India from BSE-500 index hit 52-week highs.
Bajaj Finserv, Emami, Essar Oil, Karnataka Bank, Oracle Financial Services Software, TV18 Broadcast and Welspun Corp are prominent stocks from the A group to hit 52-week highs.
At 1132 hours, the S&P BSE Sensex was quoting at 28,249, having rallied 7.1% or 1,878 points from its recent lows of 26,371 touched on June 11, 2015.
The state-owned oil marketing companies (OMCs) such as BPCL, HPCL and IOC were trading at multi-year highs after a sharp drop in crude oil prices.
According to analysts at Nomura, this financial year will be a defining year for public sector undertakings in the oil sector. They expect an increase of 53-134% in earnings, as the full impact of reforms in oil marketing (diesel deregulation, cooking gas direct benefits transfer, etc) and a sharp decline in oil prices will be visible.
Coal India has hit a record high of Rs 430 on the BSE in intra-day trades. The company has begun 2015-16 on a strong note, registering a 12% growth in output at 121.33 million tonnes (MT) in the first quarter and meeting 99% of the target.
SRF too hit a new high of Rs 1,356, having rallied 30% in the past three weeks after the government extended the anti-dumping duty on Nylon Tyre Cord Fabric from China.
The Greece referendum results were pushed to the background, as investors tried to cash in on the dips ahead of Q1 results announcement. It is likely that lower interest rates, oil prices, inflation, may have spilled over to better growth performances, said Anand James, Co Head Technical Research Desk, Geojit BNP Paribas.
Meanwhile, Aegis Logistics, J Kumar Infraprojects, Marksans Pharmaceuticals, Praj Industries, Relaxo Footwear, Sterlite Technologies, Vardhman Textiles and Welspun India from BSE-500 index hit 52-week highs.