UltraTech Cement, LIC Housing among 44 stocks that hit record high

Bajaj Finance, Indiabulls Housing, HDFC, HDFC Bank and IndusInd Bank hit fresh highs too

UltraTech Cement, Bajaj Finance, LIC Housing Finance, Indiabulls Housing Finance, Kotak Mahindra Bank, Housing Development Finance Corporation (HDFC), HDFC Bank and IndusInd Bank are among the 44 stocks from the S&P BSE 500 index hitting their respective record highs on the BSE in intra-day trade on Tuesday.

At 12:36 pm; the S&P BSE 500 index was up 0.81% at 12,961, also its lifetime high, as compared to 0.74% gain in the S&P BSE Sensex at 29,874.

UltraTech Cement hit a new high of Rs 4,260, up 3%, extending its Monday’s 4.4% surge, after the company reported 20% quarter-on-quarter growth in sales volume in January-March (Q4FY17) quarter, due to low base, demand recovery and capacity additions.

Analysts at Elara Securities believe the company will grow faster than peers on timely capacity additions and operational efficiency.

“However, due to roll over to FY19 and better-than-expected cement prices, we raise target price to Rs 4,418 on EV/tonne of USD 200 on FY19E capacity post the inorganic expansion,” the brokerage firm said in result update.

LIC Housing Finance up 2.4% at Rs 674, ahead of its Q4 results today.

“Individual loan growth of LIC Housing Finance to continue momentum and we expect it to track 14-15% growth year-on-year (YoY); Lower funding cost & largely fixed rate nature of lending book to support net interest margins (NIMs); asset quality will likely be stable; no major resolution has come through in corporate loan book,” Edelweiss Securities said in results preview.
 

Indiabulls Housing Finance too rallied 3.5% to Rs 1,043 on BSE in intra-day trade after the company had reported a 24.4% YoY increase in net profit to Rs 841 crore in Q4FY17. Net interest income (NII) rose 21.8% to Rs 1,360 crore.

The company expects the share of housing loans to grow to 66% of total assets by March 2019, from 56% at the end of March 2017.

Besides, LIC Housing Finance and Indiabulls Housing Finance, Dewan Housing Finance Corporation, GIC Housing Finance, HDFC and PNB Housing from the housing finance corporation hitting their respective record highs.

COMPANY	LATEST	ALL TIME HIGH	PREV HIGH	PREV DATE
ADITYA BIR. NUV.	1692.75	1710.00	1706.20	24-Apr-17
AKZO NOBEL	2075.00	2090.00	2051.80	24-Apr-17
APL APOLLO	1353.25	1358.00	1352.00	24-Apr-17
BAJAJ FIN.	1328.95	1335.00	1291.00	13-Apr-17
BAYER CROP SCI.	4586.00	4717.65	4627.00	03-Oct-16
BHARAT ELECTRON	181.15	183.50	183.20	24-Apr-17
BIOCON	1150.45	1168.00	1161.85	29-Mar-17
CESC	936.20	939.70	924.00	24-Apr-17
DCB BANK	184.00	185.65	184.80	24-Apr-17
DEWAN HSG. FIN.	431.50	432.15	420.60	24-Apr-17
DILIP BUILDCON	436.00	442.80	441.55	24-Apr-17
FEDERAL BANK	94.40	95.00	94.40	18-Apr-17
FORTIS HEALTH.	215.00	217.65	213.45	24-Apr-17
GAIL (INDIA)	412.65	416.75	414.40	24-Apr-17
GIC HOUSING FIN	517.90	524.50	523.00	18-Apr-17
GRASIM INDS	1177.85	1192.00	1190.00	24-Apr-17
H D F C	1548.25	1556.00	1538.00	24-Apr-17
HATSUN AGROPROD.	588.00	608.90	590.00	21-Apr-17
HDFC BANK	1541.00	1542.75	1538.00	24-Apr-17
ICICI PRU LIFE	412.55	417.70	410.45	12-Apr-17
IIFL HOLDINGS	486.00	490.50	473.00	20-Apr-17
INDIABULLS HOUS.	1017.95	1042.70	1013.20	24-Apr-17
INDUSIND BANK	1450.00	1451.20	1444.55	13-Apr-17
INOX LEISURE	300.00	305.85	305.00	24-Apr-17
KOTAK MAH. BANK	894.80	900.85	896.30	24-Apr-17
L&T FIN.HOLDINGS	129.30	129.70	129.40	18-Apr-17
LAK. VILAS BANK	196.50	198.50	198.00	24-Apr-17
LIC HOUSING FIN.	672.75	674.00	660.00	24-Apr-17
MARICO	308.55	309.95	307.70	12-Apr-17
MOTIL.OSWAL.FIN.	857.95	874.75	870.00	24-Apr-17
MRF	65485.00	65500.00	63800.00	24-Apr-17
NILKAMAL LTD	2120.80	2148.00	2113.80	05-Apr-17
PIRAMAL ENTERP.	2504.50	2535.00	2471.00	24-Apr-17
PNB HOUSING	1415.00	1443.50	1365.00	24-Apr-17
PNC INFRATECH	164.30	168.50	160.00	24-Apr-17
PVR	1623.35	1631.70	1598.00	17-Apr-17
RAIN INDUSTRIES	112.30	114.90	114.65	03-Apr-17
RAYMOND	772.80	784.00	779.00	21-Apr-17
SHARDA CROPCHEM	520.00	525.00	524.90	24-Apr-17
SHREE CEMENT	18825.00	18825.00	18700.00	24-Apr-17
TIMKEN INDIA	742.95	747.45	732.55	24-Apr-17
ULTRATECH CEM.	4247.65	4251.95	4206.80	24-Apr-17
UPL	802.70	806.10	800.50	24-Apr-17
V-GUARD INDS.	189.80	191.00	190.95	20-Apr-17