Emami, DLF, Zee Entertainment, TVS Motor, TV18 Broadcast hits 52-week high

Bajaj Electrical, Eveready Ind, PC Jeweller, Symphony, V-Guard Industries and Westlife Development from the consumer related sectors too hit 52-week high today.

Shares of personal products company, Emami, realty firm, DLF, two-wheeler company, TVS Motor Company, broadcasting & cable TV operators, Zee Entertainment Enterprises and TV18 Broadcast are among 24 stocks from the S&P BSE 500 index that hot their respective 52-week high on the BSE in an otherwise subdued market.

Bajaj Electrical, Eveready Industries, PC Jeweller, Symphony, V-Guard Industries and Westlife Development from the consumer related sectors, too, hit 52-week high today.

TV18 Broadcast rallied 9% to Rs 55.10, extending its Friday’s 10% surge on the BSE on back of more than two-fold jump in trading volumes. A combined 49.7 million equity shares representing 2.9% of total equity of TV18 Broadcast have changed hands on the BSE and NSE till 01:23 PM.

On October 18, 2017, CARE Ratings, the credit rating agency, had assigned credit rating of CARE A+ to the TV18 Broadcast’s commercial paper programme aggregating to Rs 400 crore.

A strong parentage and the company’s ability to achieve sustainable profitability while maintaining its leadership position remain the key rating sensitivities. Further, the ratings are also sensitive to the recovery in advertisement revenues post Goods and Services Tax (GST) implications, CARE said in a statement.

Emami hit its 52-week high of Rs 1,332, up 6%, is just 2.7% away from its all-time high of Rs 1,368 touched in August 5, 2015 in intra-day trade.

Since October 25, post September quarter results, the stock has outperformed the market by gaining 14% after the company posted a 49% surge in its net profit on a 10% rise in sales volume and a 7% increase in earnings.

“Post GST, the wholesale channels are yet to recover completely from the impact, which we expect to improve in the second half (October-March) of the year. International business is also back on track riding on the base effect of last year’s performance. The SAARC regions and Africa did particularly well,” said Mohan Goenka, director, Emami while announcing Q2 results.

COMPANY	LATEST	52 WK HIGH	PREV HIGH	PREV DATE
8K MILES	915.00	928.45	900.20	06-Nov-17
BAJAJ ELECTRICAL	486.75	497.90	479.85	24-Nov-17
DALMIA BHAR.	3168.95	3175.65	3112.85	17-Nov-17
DLF	233.15	234.00	229.95	24-Nov-17
EMAMI	1319.95	1332.00	1315.60	16-Nov-17
EVEREADY INDS.	420.00	440.00	425.00	23-Nov-17
FUTURE RETAIL	602.45	660.00	655.00	24-Nov-17
GHCL	305.25	314.05	292.00	30-Jan-17
GRINDWELL NORTON	519.00	528.00	524.90	24-Nov-17
JAI CORP	198.60	204.70	191.80	24-Nov-17
KALPATARU POWER	454.10	473.60	449.80	24-Nov-17
KPIT TECH.	176.30	179.90	179.30	23-Nov-17
MCLEOD RUSSEL	208.15	209.65	204.40	23-Nov-17
PC JEWELLER	400.50	401.95	398.70	09-Oct-17
SCHAEFFLER INDIA	5250.00	5275.00	5270.00	13-Nov-17
SUNTECK REALTY	409.95	418.30	402.30	22-Nov-17
SYMPHONY	1615.45	1632.00	1622.85	09-Nov-17
SYNDICATE BANK	94.65	95.65	95.35	24-Nov-17
TITAGARH WAGONS	172.75	174.70	173.80	24-Nov-17
TITAN COMPANY	833.50	842.00	830.00	24-Nov-17
TRENT	350.55	355.30	353.00	24-Nov-17
TV18 BROADCAST	54.80	55.10	50.90	24-Nov-17
TVS MOTOR CO.	745.95	746.00	743.85	24-Nov-17
V-GUARD INDS.	238.10	240.50	240.15	24-Nov-17
VAKRANGEE	721.75	725.00	717.90	24-Nov-17
VOLTAS	639.10	641.70	639.00	21-Nov-17
WESTLIFE DEVELOP	295.50	315.00	300.00	24-Nov-17
ZEE ENTERTAINMEN	567.95	570.15	569.60	24-Nov-17