Aditya Birla Nuvo, Ajmera Realty & Infra India, Arvind SmartSpaces, Bank of India, C & C Constructions, Dhanlaxmi Bank, Coral India Finance & Housing, Future Lifestyle Fashions, Gujarat Narmada Valley Fertilizers and Chemicals, Hindustan Unilever, Greaves Cotton, ICICI Bank, The Karnataka Bank and Zuari Global were among 123 stocks that hit their 52-week high on NSE on Thursday. Domestic stock markets closed strong on Thursday on the back of encouraging corporate earnings and a string of government reforms, including NPA resolution and steel policy.
The BSE Sensex ended 231.41 points up at 30,126.21, while NSE Nifty ended 47.95 points up to record 9,359.90.
Among the stocks that hit 52-week high on Thursday, ICICI Bank lead the benchmark index towards a higher close. ICICI Bank shares zoomed after its net profit soared to Rs 2,024.64 crore, from Rs 701.89 crore a year ago. The Cabinet nod to NPA resolution in the banking sector also helped the stock gain. The share price closed 9.09 per cent up at Rs 297.55 on NSE.
“Today, first half was quite identical to previous couple of sessions as the index opened higher and then corrected a bit from day’s high. But, the end was completely different as we witnessed a strong buying interest at lower levels after filling up morning’s gap to conclude the session almost at the highest point of the day. Clearly, it was only the heavyweight private banking counter; ‘ICICI Bank’ which has given a breath-taking move of 9% in the upward direction; leading benchmark index towards the highest closing ever,” Sameet Chavan (Chief Analyst- Technical & Derivatives, Angel Broking) said.
Godrej Consumer Products, Hindustan Unilever, LIC Housing Finance, National Fertilizers, Punjab National Bank, PTC India, Supreme Industries, Tata Chemicals, Union Bank of India and Zenith Exports were among other stocks that hit their 52-week high.
However, Aurobindo Pharma, ATN International , Religare Enterprises, Lycos Internet, TGB Banquets And Hotels were among 15 stocks that hot their 52-week low on NSE.