Shares of LIC Housing Finance Ltd rose to record high of Rs 529.9, after 2.68 million shares changed hands in a single block deal on the BSE at Rs 520.7.
The stock rose as much as 3.67 per cent after forming a “gap up" chart pattern.
At about 1.40 pm, the stock was trading 2.45 per cent or Rs 12.55 higher at Rs 523.90.
The stock has cleared a resistance seen in the range of Rs 500-520, faced since the beginning of January 2015.
Price volume trend also hits a record high, suggesting price rise is supported by volume.
Thirty-three analysts out of 43 have either “strong buy" or “buy” recommendations on the stock as per StarMine.