ICICI Bank, Hindustan Unilever, SBI, JBF Ind, Sintex Ind hit 52-week highs

ICICI Bank, Hindustan Unilever, State Bank of India (SBI), JBF Industries, Sintex Industries, Ceat and Finolex Industries are among 34 stocks from the S&P BSE500 index that hit their respective 52-week highs in otherwise range-bound market. Bajaj Finance, Adani Transmission, DLF, Engineers India, Godrej Industries, Uflex, JSW Steel, Monsanto India, Sobha and Motilal Oswal Financial Services were also trading at their 52-week highs on BSE in intra-day trade. At 10:51 am; the S&P BSE 500 index trading flat at 13,273 after hitting a record high of 13,289 in early morning deal. On comparison, the benchmark S&P BSE Sensex was up 0.06% at 30,602 on BSE. Commodity Trading Tips



JBF Industries has soared 11% to Rs 305 on back of an over five-fold jump in trading volumes. JBF manufactures three products - partially oriented yarn (POY), polyester biaxially-oriented polyethylene terephthalate (BOPET) film and various types of bottle grade, film grade and textile grade polyester chips. India Infoline, the local brokerage firm, recommended ‘buy’ rating on the stock with a one year target price of Rs 382. “JBF has strengthened its presence in Polyester processing market through capacity addition and backward integration. Currently polyester’s share in globally consumed fibers is 50%; which can go up to 57% by 2020. Moreover, demand for BOPET films and chips will be driven by improving macro environment. JBF is well poised to capitalize on this opportunity as it is the second largest domestic supplier with capacity share of around 20% each in textile and bottle grade chips. It boasts of a capacity share of 70% in UAE and 45% in GCC in bottle grade chips,” IIFL said in a client note.  Astrology and Numerology Trading Tips