HDFC pack including Housing Development Finance Corporation, HDFC Bank and Gruh Finance shares hit their fresh 52-week high of Rs 1,386.40, Rs 1,238.50 and Rs 306.40, respectively, on Monday despite benchmark indices ended the day in red. Gruh Finance is a subsidiary of HDFC.
In the National Stock Exchange, Hero MotoCorp, Indian Oil Corporation, Hindalco Industries, Godrej Industries, Finolex Cables, Lakshmi Vilas Bank, LIC Housing Finance and Kesoram Industries stood among the 72 stocks which hit their fresh 52-week high on Monday.
The BSE Sensex and NSE Nifty failed to hold initial gains and closed 89.84 points and 32.70 points down at 27,746.66 and 8508.70, respectively.
In the early trade, market sentiments remained optimistic on account of better-than-expected first quarter earnings from index heavyweight, Reliance Industries (RIL). RIL reported 18.51 per cent rise in net profit at Rs 7,548 crore for the quarter ended June 30, 2016 as compared to Rs 6,369 crore for the corresponding quarter last year.
Newly listed, staffing firm Quess Corp shares also hit new 52-week high of Rs 512 on NSE. The scrip closed 1.99 per cent down at Rs 501.25.
On the other hand, 17 stocks on NSE hit their new 52-week low in today’s trade. Birla Cotsyn (India), Kalyani Investment Company, Mandhana Industries, Setco Automotive and SRS are among the stocks that hit their fresh 52-week low on Monday.