Shares of Shree Cement, Motherson Sumi Systems, Aegis Logistics, Godrej Properties, HFCL, and Sundram Fasteners from the S&P BSE500 index hit their respective 52-week highs on the BSE on Tuesday. These stocks surpassed their previous high recorded between December 2019 and February 2020.
Besides these, as many as 49 stocks from the BSE500 index hit 52-week highs today. Of these, 21 stocks including Adani Gas, Affle India, Granules India, ICICI Lombard General Insurance, JK Cement, Tech Mahindra, Ramo Cement, Asian Paints, and Divi’s Laboratories touched their respective record highs.
Motherson Sumi Systems gained 6 per cent to Rs 157.50, surpassing its previous high of Rs 151 hit on January 9, 2020. At the analyst meet held recently, Motherson Sumi Systems said it was targeting $36 billion in group revenues by FY25E, including a 25 per cent contribution from non-automotive space. It also aims to be highly capital efficient with a targeted group RoCE of 40 per cent. Other ambitions outlined included a 40 per cent consolidated dividend payout ratio and continued business de-risking via 3CX10 i.e. no component, country, or customer to form more than 10 per cent of revenues.
Sundram Fasteners, too, hit a 52-week high of Rs 553, surging 7 per cent in intra-day trade on the BSE. The stock of the auto ancillary company surpassed its previous high of Rs 533 recorded on January 27, 2020. The company, part of the TVS group (led by Mr Suresh Krishna), is a leading automotive component supplier. It dominates the domestic fasteners market accounting for a sizeable market share.
| COMPANY | LATEST | 52 WK HIGH | PREV HIGH | PREV DATE |
| ABB POWER PRODUC | 1279.85 | 1295.95 | 1173.30 | 27-Nov-20 |
| ACC | 1740.10 | 1788.05 | 1757.25 | 23-Nov-20 |
| ADANI ENTERP. | 421.25 | 422.50 | 415.30 | 24-Nov-20 |
| ADANI GAS | 363.00 | 371.70 | 366.15 | 23-Nov-20 |
| ADANI PORTS | 424.65 | 425.75 | 416.05 | 27-Nov-20 |
| AEGIS LOGISTICS | 259.85 | 269.00 | 266.95 | 19-Feb-20 |
| AFFLE INDIA | 3591.25 | 3591.25 | 3467.90 | 24-Nov-20 |
| ALKYL AMINES | 3955.00 | 4099.85 | 4092.20 | 27-Nov-20 |
| APL APOLLO TUBES | 3474.25 | 3493.05 | 3472.25 | 27-Nov-20 |
| APOLLO TYRES | 185.40 | 188.00 | 185.35 | 27-Nov-20 |
| ASIAN PAINTS | 2231.50 | 2260.00 | 2249.60 | 09-Nov-20 |
| BAJAJ ELECTRICAL | 586.50 | 594.85 | 582.75 | 19-Nov-20 |
| CADILA HEALTH. | 454.30 | 461.00 | 458.85 | 27-Nov-20 |
| CARBORUNDUM UNI. | 381.75 | 389.80 | 361.95 | 23-Nov-20 |
| CERA SANITARY. | 3261.00 | 3318.25 | 3150.00 | 17-Nov-20 |
| CHAMBAL FERT. | 203.40 | 207.80 | 204.90 | 27-Nov-20 |
| DALMIA BHARATLTD | 1153.00 | 1195.70 | 1110.00 | 27-Nov-20 |
| DEEPAK NITRITE | 874.35 | 895.00 | 888.00 | 18-Sep-20 |
| DIVI'S LAB. | 3627.10 | 3760.00 | 3655.00 | 27-Nov-20 |
| EMAMI | 445.35 | 461.45 | 447.25 | 27-Nov-20 |
| FINOLEX INDS. | 622.40 | 643.90 | 640.10 | 18-Nov-20 |
| FIRSTSOUR.SOLU. | 78.15 | 80.80 | 80.00 | 27-Nov-20 |
| GODREJ PROPERT. | 1188.55 | 1209.00 | 1188.00 | 05-Feb-20 |
| GRANULES INDIA | 429.50 | 438.00 | 424.90 | 25-Nov-20 |
| GRASIM INDS | 904.85 | 908.35 | 885.40 | 27-Nov-20 |
| HFCL | 19.50 | 20.10 | 20.00 | 02-Dec-19 |
| HINDALCO INDS. | 225.50 | 231.25 | 231.10 | 26-Nov-20 |
| ICICI LOMBARD | 1481.65 | 1500.00 | 1474.95 | 27-Nov-20 |
| INDIAN ENERGY EX | 218.80 | 221.90 | 219.05 | 16-Sep-20 |
| INFO EDG.(INDIA) | 4215.00 | 4424.85 | 4371.80 | 27-Nov-20 |
| J K CEMENTS | 2053.80 | 2100.00 | 2063.75 | 27-Nov-20 |
| K E C INTL. | 369.60 | 375.35 | 369.15 | 20-Nov-20 |
| KAJARIA CERAMICS | 671.15 | 680.00 | 649.95 | 27-Nov-20 |
| MOTHERSON SUM | 155.95 | 156.20 | 151.00 | 09-Jan-20 |
| P & G HEALTH LTD | 6789.00 | 7040.00 | 6975.00 | 27-Nov-20 |
| S H KELKAR & CO. | 138.05 | 141.25 | 138.35 | 17-Nov-20 |
| SHREE CEMEN | 24799.05 | 25515.05 | 25341.20 | 07-Feb-20 |
| SOMANY CERAMICS | 292.40 | 293.05 | 287.30 | 27-Nov-20 |
| STRIDES PHARMA | 789.85 | 796.75 | 774.00 | 27-Nov-20 |
| SUNDRAM FASTEN. | 542.60 | 553.00 | 533.00 | 27-Jan-20 |
| TATA CHEMICALS | 400.55 | 401.35 | 396.95 | 27-Nov-20 |
| TATA POWER CO. | 67.80 | 69.00 | 65.25 | 27-Nov-20 |
| TATA STEEL | 583.70 | 590.50 | 582.00 | 27-Nov-20 |
| TECH MAHINDRA | 896.45 | 909.05 | 890.00 | 24-Nov-20 |
| THE RAMCO CEMENT | 892.10 | 899.95 | 898.10 | 27-Nov-20 |
| TITAN COMPANY | 1338.40 | 1385.00 | 1375.85 | 23-Nov-20 |
| TUBE INVESTMENTS | 800.85 | 874.30 | 868.00 | 25-Nov-20 |
| TVS MOTOR CO. | 497.85 | 508.90 | 504.90 | 27-Nov-20 |
| VAIBHAV GLOBAL | 2141.40 | 2180.00 | 2156.50 | 24-Nov-20 |
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU