A clutch of heavyweight stocks from the BSE 100 index skyrocketed to fresh all-time highs in Thursday’s intra-day trade, lifted by strong sector-specific momentum, upbeat corporate developments, and supportive regulatory signals.
Private lenders HDFC Bank and AU Small Finance Bank, telecom major Bharti Airtel, hospital chain Max Healthcare Institute, industrial conglomerate Grasim Industries, and insurer HDFC Life were among those that surged to new peaks on the BSE.
Here’s why the stocks skyrocketed today:
1) HDFC Bank
The stock hit a new high of Rs 2,006.35, rising 1 per cent, amid strong traction around the IPO of its NBFC arm HDB Financial Services, which opened for subscription on June 25. Priced between Rs 700–Rs 740, the Rs 12,500-crore issue has generated strong interest. HDFC Bank has gained 13 per cent year-to-date, far outpacing the 6 per cent rise in the BSE Sensex.
2) AU Small Finance Bank
The stock price rose today due to a combination of positive financial results, strategic initiatives, and favorable market sentiment towards the financial sector. The bank recently reported a 37 per cent surge in net profit for FY25, with total income also increasing significantly. It is focused on expanding its customer base and increasing per customer wallet share through cross-selling, underpinning investor confidence.
3) Max Healthcare
Shares jumped 2 per cent to an all-time high of Rs 1,271.90, driven by bullish projections and expansion plans. The company plans to double its bed capacity within three years, capitalizing on rising healthcare demand in India. Analysts expect steady earnings growth, aided by increased insurance penetration and government healthcare spending.
4) Grasim Industries
The Aditya Birla Group company soared to a record Rs 2,888, up 2 per cent, as investors bet on the company’s new-age growth verticals. Its foray into decorative paints (Birla Opus) and B2B e-commerce for construction materials is scaling up rapidly. The company now claims the third-largest market position in paints, based on its Q4FY25 exit revenue.
5) Bharti Airtel
India’s second-largest telecom operator made history as its share price surged over 2 per cent to cross the Rs 2,000 mark for the first time, reaching a fresh all-time high of Rs 2,003.80 on the BSE. The stock has rallied in six out of the last seven trading sessions, delivering an 8 per cent gain during this period. Year-to-date, Bharti Airtel shares have risen more than 25 per cent, while over the past year, the stock has returned nearly 37 per cent to investors.
Sectoral boost from RBI’s project finance guidelines
The Reserve Bank of India’s revamped project financing norms, unveiled earlier this week, added fuel to the rally in banking and NBFC stocks. The new framework standardizes treatment across banks and NBFCs and is seen as easing capital stress, encouraging long-term infrastructure lending.
Analysts believe the move, alongside rate cuts and regulatory deferrals, will strengthen credit growth and sustain sectoral momentum.
