Twenty stocks from the BSE 500 index achieved new lifetime highs during Thursday's trading session, according to reports from Business Standard. The financial sector led the gains with Shriram Finance, Tata Capital, Cholamandalam Investment and Finance Company, and AU Small Finance Bank reaching fresh peaks. The automobiles and auto parts sector also contributed significantly with Ather Energy, Craftsman Automation, Samvardhana Motherson International, and TVS Motor Company hitting new highs. Other sectors participating in the rally included healthcare with Aster DM Quality Care, Sai Life Sciences, and Neuland Laboratories; and metals with JSW Steel and Lloyds Metals and Energy. The remaining stocks that reached new highs were Titan Company, Radico Khaitan, Aegis Logistics, Aether Industries, Leela Palace Hotels, Navin Fluorine International, and Welspun Corp.
Shriram Finance emerged as the standout performer, surging 3.04% to a fresh 52-week high of ₹1,153 on August 6, 2026, according to latest market data. The stock has broken out from a 6-month consolidation phase that began in February 2026, with ₹1,100 acting as a stiff resistance level during this period. The technical setup is particularly robust with the stock trading above all major moving averages including 5-day, 20-day, 50-day, 100-day, and 200-day levels. Technical indicators present a largely bullish picture with MACD showing bullish signals on both weekly and monthly timeframes, while Bollinger Bands indicate strong trending without excessive volatility. The stock's 14.34% return over three months dwarfs the Sensex's sub-1% gain, with a remarkable 82.01% return over one year compared to the Sensex's negative 2.29% performance. Latest reports from The Economic Times indicate that the stock broke out from a bullish cup and handle pattern above ₹1,100, opening room for further upward movement.
According to The Economic Times, short-term traders can look to buy the stock for a target around ₹1,280 levels in the next 1-2 months. The technical breakout from the cup and handle pattern above ₹1,100 has strengthened the bullish outlook for the stock. Axis Securities maintains a 'BUY' recommendation on Shriram Finance with a target price of ₹1,230 per share, as reported by Business Standard. The brokerage expects the company to deliver superior RoA/RoE of 4% plus/14-15% over FY27-29E through sustained execution on portfolio diversification and successful deployment of excess capital towards strong growth. The company's strengthened capital position, improving funding profile, and disciplined cost management are expected to sustain superior and healthy earnings growth over the medium term, even as margins gradually normalise towards 8.5%. The stock's 14.34% return over three months dwarfs the Sensex's sub-1% gain, with a remarkable 82.01% return over one year compared to the Sensex's negative 2.29% performance.
Navin Fluorine International emerged as the top performer, surging 13% to ₹8,595.05 on the BSE in intra-day deals following strong FY27 performance, as reported by Business Standard. The company reported robust growth across all three business verticals and management reiterated its vision to build the Advanced Materials business into a segment comparable to the CDMO business. According to ICICI Securities, the company's strong operational performance, disciplined capital allocation, expanding manufacturing capabilities, and healthy demand pipeline position it well for sustained growth. Tata Capital also rallied 5% to hit a new high of ₹390, bouncing back 32% from its 52-week low of ₹296 touched on June 2, 2026. The stock currently trades 20% higher than its issue price of ₹326 per share, having made its market debut on October 13, 2025.
