Shares of several BSE 500 companies surged to fresh records on Thursday, led by financial institutions and auto manufacturers, highlighting broad market strength and bullish investor sentiment amid growth in key sectors.
Shares across several pockets of the BSE 500 climbed to fresh highs on Thursday, with financials again leading the advance. Shriram Finance, Tata Capital, Cholamandalam Investment and Finance Company and AU Small Finance Bank were among 20 index members that set new peaks, while gains in autos, healthcare, metals and a handful of consumer and industrial names pointed to broader market strength, according to Business Standard. Ather Energy, Craftsman Automation, Samvardhana Motherson International, TVS Motor Company, Aster DM Quality Care, Sai Life Sciences, Neuland Laboratories, JSW Steel and Lloyds Metals and Energy also touched lifetime highs in intraday trade.
Among the most notable moves, Navin Fluorine International rose 13% to ₹8,595.05 after reporting a strong start to FY27, with growth across all three of its business lines. The company said it wants to build its advanced materials unit into a business of similar scale and strategic value to its contract development and manufacturing operation, with a focus on semiconductors and electronics. ICICI Securities said the group’s operating performance, capital discipline, manufacturing expansion and demand pipeline support the case for longer-term growth.
Financials were also in focus. Tata Capital hit a record ₹390, rebounding 32% from its June 2 low of ₹296 and trading 20% above its issue price of ₹326. Shriram Finance reached ₹1,153.65, up 3% on the day and 12% over the past week, far ahead of the 1.1% rise in the BSE Sensex over the same period. Axis Securities said Shriram Finance is moving into a new growth phase, backed by capital strength, operating leverage and diversification beyond used commercial vehicles into MSME lending, gold loans, new vehicle finance and a selective push into personal loans. The brokerage said asset quality has stayed steady and sees earnings visibility remaining strong, despite near-term macro uncertainty, with a buy rating and a target of ₹1,230. Earlier this year, Shriram Finance also posted a new 52-week high in February and reported a 41% jump in standalone fourth-quarter net profit in April, underlining the momentum behind the stock’s recent run.
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