Karnataka Bank tumbles over 6% on weak Q3

Shares of Karnataka Bank nosedived over 6 per cent on the Bombay Stock Exchange after the bank reported a decline of 29.3 per cent in its standalone net profit at Rs 68.52 crore for the third quarter ended December 31, 2016, as higher allocation to cover bad loans eroded benefits.

Weighed down by weak Q3, shares of bank declined as much as 6.42 per cent to hit intra-day low of Rs 112.

MOIL dips over 4% on stake sale

Shares of MOIL fell over 4 per cent on the Bombay Stock Exchange after the company announced its intention to sell up to 1.34 crore equity shares of the company through offer for sale (OFS). Weighed down by the development, shares of company declined as much as 4.05 per cent to hit intra-day low of Rs 367.20 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of state-run fi

Cyient jumps nearly 6% on acquisition of Certon Software

Shares of Cyient surged nearly 6 per cent on the Bombay Stock Exchange after the company said that Cyient Inc., USA, a wholly owned subsidiary of the company, has signed a definitive agreement to acquire 100 per cent equity in Certon Software Inc., Melbourne, Florida, USA, in an all cash transaction.

This transaction will further strengthen the automation in its key vertical Aerospace

HUL tanks over 2% post Q3

Shares of FMCG major Hindustan Unilever Ltd dipped over 2 per cent on the Bombay Stock Exchange after the company said that its third quarter earnings were impacted by adverse liquidity conditions. The company has reported a lower-than-expected growth of 6.8 per cent in its standalone net profit after tax at Rs 1,037.93 crore for the October-December quarter of FY17.

Following the Q3

HCL Technologies falls over 3% post Q3

Shares of HCL Technologies tumbled over 3 per cent on the Bombay Stock Exchange after the IT major reported a 7.8 per cent rise in consolidated net profit at Rs 2,070 crore for the third quarter ended December 2016.

Following Q3 earnings, shares of company declined as much as 3.05 per cent to hit intra-day low of Rs 831.00 apiece on Bombay Stock Exchange.

In a similar fashio

United Spirits jumps over 5% on robust Q3

Shares of United Spirits rose over 5 per cent on the Bombay Stock Exchange after the company reported more than double growth in its standalone net profit at Rs 148 crore for the third quarter ended December 31, 2016, compared to Rs 37 crore in year ago quarter.

Driven by strong earnings, shares of company gained as much as 5.58 per cent to hit intra-day high of Rs 2194.00 apiece on B

Amara Raja Batteries tanks 5% on weak Q3

Shares of Amara Raja Batteries tumbled 5 per cent on the Bombay Stock Exchange after the company reported a 17.90 per cent decliune in net profit at Rs 112.32 crore for the quarter ended December 31, 2016, as compared to Rs 136.82 crore during the same period a year ago.

Weighed down by weak Q3, shares of company dipped as much as 4.99 per cent to hit intra-day low of Rs 857.25 apiece

Amtek Auto jumps nearly 4% on debt payment

Shares of automotive component manufacturers Amtek Auto rose nearly 4 per cent on the Bombay Stock Exchange after media reports suggested it has moved closer to pare its debt burden by the middle of 2017.

Boosted by the development, shares of company gained as much as 3.86 per cent to hit intra-day high of Rs 34.95 apiece on Bombay Stock Exchange. In a similar fashion, stocks of firm

RBL Bank rises nearly 7% as Q3 profit surge

Shares of private sector lender RBL Bank rallied nearly 7 per cent on the Bombay Stock Exchange after the bank reported a 59 per cent growth in its standalone net profit at Rs 129 crore for the third quarter ended December 31, 2016, compared to Rs 81 crore in year ago quarter.

Driven by strong earnings, shares of bank gained as much as 6.80 per cent to hit intra-day high of Rs 393.40

Federal Bank soars over 3% on robust Q3

Shares of Federal Bank rose over 3 per cent on the Bombay Stock Exchange after the private sector lender reported a year-on-year growth of 26 per cent in its standalone net profit for the October-December quarter of 2016 at Rs 206 crore.

Buoyed by strong earnings, shares of bank gained as much as 3.24 per cent to hit intra-day high of Rs 79.55 apiece on Bombay Stock Exchange. In a sim

Havells rises over 4% on business expansion plan

Shares of Havells India rallied over 4 per cent on the Bombay Stock Exchange after the company unveiled plan to enter into electronic personal care segment next month. Boosted by the development, shares of company gained as much as 4.60 per cent to hit intra-day high of Rs 404.00 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of firm climbed 4.17 per cent to Rs 403.90 a

Axis Bank nosedives over 6% on weak Q3

Shares of Axis Bank plunged over 6 per cent on the Bombay Stock Exchange after the private sector lender reported a sharp fall of 73.4 per cent in its net profit after tax at Rs 579.57 crore on year-on-year basis for the third quarter ended December 31, 2016, as its asset quality worsened.

Weighed down by disappointing earnings, shares of bank declined as much as 6.54 per cent to hit

Motherson Sumi to buy Finland's PKC for $609 million

HELSINKI/NEW DELHI - India-based car parts maker and engineering group Motherson Sumi Systems Ltd has made a 571 million-euro ($609 million)offer to buy Finland's PKC Group, a maker of wiring harnesses for trucks, the companies announced late on Thursday.

At 23.55 euros per PKC share, the offer price is 51 percent above PKC's last closing share price. The

Orient Green Power jumps over 9% on merger talks

Shares of Orient Green Power Company rallied over 9 per cent on the Bombay Stock Exchange after media report suggested that Infrastructure Leasing and Financial Services (IL&FS) is in talks to merge its wind energy assets with the company.

The Exchange has sought clarification from Orient Green Power Company Ltd on January 19, 2017 with reference to news appeared in Business Stand

Uttam Galva Steels rallies over 10% on acquisition buzz

Shares of Uttam Galva Steels surged over 10 per cent on the Bombay Stock Exchange after media reported that Aion Capital plans to take over Uttam Galva Steels from Miglanis.

The exchange has also sought clarification from Uttam Galva Steels with reference to news appeared in Business Standard dated January 19, 2017 quoting "Aion Capital Plans to Take Over Uttam Galva Steels from

Monnet Ispat zooms over 12% on acquisition buzz

Shares of Monnet Ispat and Energy rallied over 12 per cent on the Bombay Stock Exchange after media reported that JSW Steel, Blackstone in talks to buy Monnet Ispat.

Riding high on acquisition buzz, shares of company gained as much as 12.55 per cent to hit intra-day high of Rs 27.80 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company advanced 9.35 per ce

Hatsun Agro jumps over 5% on robust Q3

Shares of Hatsun Agro Product rose over 5 per cent, hitting 52-week high, on the Bombay Stock Exchange after the company reported a 64 per cent year-on-year growth in its third quarter net profit at Rs 28.81 crore during October-December quarter.

Buoyed by strong earnings, shares of company gained as much as 5.13 per cent to hit 52-week high of Rs 136.00 apiece in intra-day trade on B

KPIT Tech tumbles over 6% post Q3

Shares of KPIT Technologies dipped over 6 per cent on the Bombay Stock Exchange after the company reported a 0.44 per cent decline in its third quarter net revenue at USD 123 million in October-December quarter in dollar terms.

However, in rupee term, the company posted a growth of 31 per cent in its net profit at Rs 73.6 crore in Q3FY17. Weighed down by decline in dollar revenue, sha

Hindustan Oil Co up 2% ahead of Q3 earnings

Shares of Hindustan Oil Exploration Company rose over 2 per cent on the Bombay Stock Exchange ahead of the third quarter earnings report to be released later in the day. Ahead of Q3 results, shares of company gained as much as 2.07 per cent to hit intra-day high of Rs 68.80 apiece on the Bombay Stock Exchange.

In a similar fashion, stocks of company advanced 1.71 per cent to Rs 68.45

Bharat Wire Ropes hits 52-week high on winning orders

Shares of Bharat Wire Ropes jumped 5 per cent, hitting 52-week high, on the Bombay Stock Exchange after the company booked orders of Rs 8 Crore approximately out of which a prestigious and special order from defense has been awarded for Rs 6.5 Crore approximately.

Following the announcement, shares of company gained as much as 4.99 per cent to hit 52-week high of Rs 86.20 apiece in in

Tata Steel gains nearly 3% on local bourses

Shares of Tata Steel soared nearly 3 per cent on the Bombay Stock Exchange amid surge in volume trade on buzz over media repot that its holding company, Tata Sons, is consider to raise its ownership stake in the company. Riding high on media report, shares of company gained as much as 2.69 per cent to hit intra-day high of Rs 466.45 apiece on Bombay Stock Exchange.

In a similar fashio

United Spirit jumps over 6% on surge in volume trade

Shares of United Spirit continued gaining streak on Wednesday and rallied over 6 per cent on the Bombay Stock Exchange amid surge in volume trade on buzz over media repot that Diageo is mulling acquiring majority stake in the company. Driven by surge in volume trade, shares of company gained as much as 6.14 per cent to hit intra-day high of Rs 2210.90 apiece on Bombay Stock Exchange.

Logistics stocks continue gaining spree on clarity over GST rollout

Shares of logistic companies extended rally on Tuesday after the government cleared road for the Goods and Services Tax (GST) rollout from July 1 this year instead of the earlier deadline of April 1. Buoyed by the development, shares of Snowman Logistics gained as much as 6.64 per cent to hit intra-day high of Rs 63.40 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of c

Balkrishna Ind zooms nearly 13% on heavy volume

Shares of Balkrishna Industries rallied nearly 13 per cent on the Bombay Stock Exchange amid surge in volume trade on strong outlook after the tyre maker reported doubled its net profit at Rs 243 crore in Q2FY17 against Rs 106 crore in the same period last year.

Driven by surge in volume trade, shares of company gained as much as 12.85 per cent to hit intra-day high of Rs 1225.00 apie

Delta Corp rises over 3% on getting gaming license for Sikkim

Shares of Delta Corp jumped over 3 per cent on the Bombay Stock Exchange even after the company said that it has received a provisional gaming license for operations of a Casino in Gangtok, Sikkim.

Buoyed by the development, shares of company gained as much as 3.48 per cent to hit intra-day high of Rs 139.50 apiece on Bombay Stock Exchange. In a similar fashion, stocks of company rose