 "Havells India, Biocon, Bajaj Finance, JSW Steel, Grasim Industries hit 52-week high")
Havells India, Grasim Industries, Biocon, Bajaj Finance and JSW Steel have touched their respective 52-week highs on the BSE after S&P BSE Sensex rallied more than one percent today.
The S&P BSE Sensex closed 348 points higher at 25,022, after hitting high of 25,050 during intra-day trade. It rallied more than 500 points from intra-day low of 24,523.
Kiri Industries, Kakatiya Cement Sugar & Industries, Bodal Chemicals, Sagar Cements, KG Denim, Swaraj Engines, Parry Sugars, Gujarat Narmada Valley Fertilisers (GNFC) are among others from the total 60 stocks that hit 52-week highs on the BSE.
Havells India surged 5% to Rs 350, also its record high on the BSE. The sock of an electrical consumer production and power distribution equipment manufacturer has outperformed the market by gaining 11% in past four trading sessions following an upgrade of its bank facilities by CARE Ratings.
Havells India on April 5, said CARE has upgraded its rating on long-term bank facilities to CARE AAA from CARE AA+. Instruments with AAA rating have the highest degree of safety for timely servicing of financial obligations and carry lowest credit risk. CARE, however, retained its rating of A1+ on its short-term loan, implying very high degree of safety.
Kiri Industries hit a high of Rs 211, extending its over 100% surge in past eight trading sessions. Since March 29, in nine trading sessions, the stock zoomed 154% from Rs 83.
Kiri Industries, the specialty chemicals manufacture, on April 5 said that there has been a sudden dramatic change in the market situation of Dyes Intermediate especially H-acid and vinyl sulphone due to closure of a leading manufacturing plant in China. The company had also executed settlement agreement and committed to settle and repay majority of the balance debt during the current financial year 2016-17.
Sagar Cement touched a 52-week high of Rs 604, finally settled 7% higher at Rs 569 on the BSE. The stock rallied over 30% in past two trading sessions after the company recorded a strong production and sales in the month of March 2016.
The company in release said that cement production jumped 42% to 200,000 MTS in March 2016 compared with 140,480 MTS in March 2015. Total sales for the month increased 16% to 197,583 MTS against 170,410 MTS in March 2015.
The S&P BSE Sensex closed 348 points higher at 25,022, after hitting high of 25,050 during intra-day trade. It rallied more than 500 points from intra-day low of 24,523.
Kiri Industries, Kakatiya Cement Sugar & Industries, Bodal Chemicals, Sagar Cements, KG Denim, Swaraj Engines, Parry Sugars, Gujarat Narmada Valley Fertilisers (GNFC) are among others from the total 60 stocks that hit 52-week highs on the BSE.
Havells India surged 5% to Rs 350, also its record high on the BSE. The sock of an electrical consumer production and power distribution equipment manufacturer has outperformed the market by gaining 11% in past four trading sessions following an upgrade of its bank facilities by CARE Ratings.
Havells India on April 5, said CARE has upgraded its rating on long-term bank facilities to CARE AAA from CARE AA+. Instruments with AAA rating have the highest degree of safety for timely servicing of financial obligations and carry lowest credit risk. CARE, however, retained its rating of A1+ on its short-term loan, implying very high degree of safety.
Kiri Industries hit a high of Rs 211, extending its over 100% surge in past eight trading sessions. Since March 29, in nine trading sessions, the stock zoomed 154% from Rs 83.
Kiri Industries, the specialty chemicals manufacture, on April 5 said that there has been a sudden dramatic change in the market situation of Dyes Intermediate especially H-acid and vinyl sulphone due to closure of a leading manufacturing plant in China. The company had also executed settlement agreement and committed to settle and repay majority of the balance debt during the current financial year 2016-17.
Sagar Cement touched a 52-week high of Rs 604, finally settled 7% higher at Rs 569 on the BSE. The stock rallied over 30% in past two trading sessions after the company recorded a strong production and sales in the month of March 2016.
The company in release said that cement production jumped 42% to 200,000 MTS in March 2016 compared with 140,480 MTS in March 2015. Total sales for the month increased 16% to 197,583 MTS against 170,410 MTS in March 2015.