REC, MRF, Bajaj Finance, DCB Bank among 29 stocks hitting record highs

Escorts, Bajaj Finserv, Havells India and Petronet LNG are among 29 stocks hit record highs.

Rural Electrification Corporation (REC), Bajaj Finance, Escorts, Bajaj Finserv, Havells India and Petronet LNG are among 29 stocks from the BSE500 index hitting their respective record highs.

Three private sector banks DCB Bank, RBL Bank and YES Bank and two tyre companies MRF and Ceat and consumer durables companies Havells India and V-Guard Industries too touch new highs on BSE in intra-day trade.

CRISIL Research, the rating agency, expects topline growth of companies in key sectors – excluding banking, financial services and insurance or BFSI and oil – to come in at around 8.5% on-year for the fourth quarter of fiscal 2017 (Q4FY17).

This would mark a nine-quarter high, driven by improving volumes and a spurt in pent-up demand post demonetisation. Rising commodity prices are also expected to aid growth.

“Consumer-linked sectors such as automobiles, fast moving consumer goods (FMCG), retail, and textiles, are expected to recover with better liquidity, while the construction and capital goods sectors are expected to report robust growth of 10% on the back of public investment in roads, power transmission, and urban infrastructure,” CRISIL said in a press release.

CRISIL Research believes that fiscal 2018 holds a conducive outlook, given favourable budgetary announcements, higher infrastructure investment (around 6% higher budgeted outlay), softer interest rates, and rising consumption, particularly on the rural side, led by anticipation of normal monsoon. However, any material uptick in private sector investment is still 12-18 months away, it added.

COMPANY	LATEST	ALL TIME HIGH	PREV HIGH	PREV DATE
APL APOLLO	1216.10	1239.85	1219.00	10-Apr-17
AVANTI FEEDS	844.00	850.85	848.00	05-Apr-17
BAJAJ FIN.	1252.50	1273.50	1253.70	10-Apr-17
BAJAJ FINSERV	4414.50	4460.65	4394.00	10-Apr-17
BHARAT ELECTRON	176.00	178.00	173.65	10-Apr-17
CEAT	1444.70	1447.50	1422.00	06-Oct-16
CENTURY PLY.	266.45	269.35	267.00	20-Oct-16
DCB BANK	174.35	175.60	172.90	05-Apr-17
DCM SHRIRAM	327.30	331.90	330.00	10-Apr-17
ENDURANCE TECH.	837.05	850.00	847.80	10-Apr-17
ESCORTS	554.25	559.45	548.70	03-Apr-17
EXIDE INDS.	232.30	232.75	231.90	03-Apr-17
GIC HOUSING FIN	482.00	515.00	505.35	10-Apr-17
HATSUN AGROPROD.	544.90	557.00	540.00	21-Mar-17
HAVELLS INDIA	480.80	482.60	478.95	07-Apr-17
I O C L	411.45	414.95	413.80	10-Apr-17
JOHNSON CON. HIT	1860.00	1877.85	1870.00	10-Apr-17
JSW STEEL	200.75	207.00	206.95	07-Apr-17
K P R MILL LTD	716.00	719.40	696.25	10-Apr-17
MAX FINANCIAL	658.25	675.00	668.40	10-Apr-17
MRF	62040.05	62182.25	61810.00	07-Apr-17
PETRONET LNG	422.35	427.25	416.90	27-Feb-17
PVR	1552.05	1577.10	1571.40	05-Apr-17
RBL BANK	579.50	599.00	598.70	10-Apr-17
RURAL ELEC.CORP.	209.80	211.35	204.75	11-Oct-10
TATA CHEMICALS	618.10	622.95	621.75	10-Apr-17
TIMKEN INDIA	707.80	726.95	708.00	10-Apr-17
V-GUARD INDS.	185.60	187.45	186.80	10-Apr-17
YES BANK	1615.40	1623.90	1605.00	10-Apr-17