Balaji Telefilms Share Price: Balaji Telefilms, Petronet LNG, Vakrangee hit 52-week high

Balaji Telefilms, Petronet LNG, Vakrangee, Strides Shasun, RPG Life Sciences and Sri Adhikari Brothers are among 95 stocks have touched their respective 52-week high on the BSE in intra-day trade today.

Balaji Telefilms Share Price has surged 11% to Rs 145 on the BSE on back of three-fold jump in trading volumes. A combined 1.66 million shares changed hands on the counter on the BSE and NSE till 02:46 PM.

The stock of entertainment firm hit 52-week high of Rs 150 in intra-day trade and rallied 34% post July-September (Q2FY16) quarter results on November 9. The company had reported a consolidated earnings before interest, income taxes, depreciation and amortization (EBITDA) of Rs 6.50 crore in Q2FY16 against a loss of Rs 9.80 crore in Q2FY15. The board has also approved fund raising plans up to Rs 250 crore.

Vakrangee rallied to its 52-week high of Rs 174, up 14% on the BSE in early morning trade after the company announced alliance with Ricoh India, to provide Managed Print Service (MPS) on a Pay per Unit (PpP) model to the un-served and under-served geographies in India through various Vakrangee Kendras.

Petronet LNG surged 5% to Rs 231, extending its Friday’s 7% rally on the BSE, on reports that RasGas of Qatar has agreed to modify the costly long-term offtake agreement, an online portal said. This will help the country's largest natural gas importer to avoid around Rs 10,000-crore penalty for not taking the agreed quantity of gas, unconfirmed reports said on Friday.

SpiceJet too zoomed 12% to its fresh 52-week high of Rs 69.75 on the BSE. In past one week, the stock soared 47% from Rs 47.58 as domestic air traffic rose 18.8% year-on-year, as airlines flew seven million passengers in October. SpiceJet reported the highest occupancy with a load factor of 92%.

PG Life Sciences locked in upper circuit for second straight day, up 20% at Rs 274 on the BSE. It zoomed 44% in past two trading sessions from Rs 191 on November 19.

Kopran, Grauer & Weil (India), SRS, Gayatri Projects and Take Solutions are among 22 stocks from the BSE Smallcap index hit 52-week highs today.

Article Source: Business Standard