Skipper hits 52-week high on bagging new order

Shares of Skipper rallied over 10 per cent, hitting 52-week high, on the Bombay Stock Exchange (BSE) after it secured contracts worth Rs 405 crores approx for supply of Transmission Towers to the projects of Power Grid Corporation of India Limited (PGCIL), Transmission Corporation of Telengana Limited (TSTRANSCO) and Power Transmission Corporation of Uttrakhand Limited (PTCUL).

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Siemens bags order worth Rs 187.4 cr from BREB

Siemens Limited has said that it has won an order worth approximately Rs. 187.4 crore from Bangladesh Rural Electrification Board (BREB), Dhaka. The project includes construction of new 33/11 kV Air Insulated Switchgear substations in Dhaka, Chittagong and Sylhet. BREB is an electricity distribution provider under the Government of Bangladesh responsible for providing electricity to the rural p

NHPC spurts over 2% on signing PPAs with TP-DDL

Shares of NHPC rose over 2 per cent on the Bombay Stock Exchange (BSE) after it said that it has signed Power Purchase Agreements (PPAs) in respect to seven power stations namely Bairasiul, Salal, Tanakpur, Chamera-I, Uri-I, Sewa-II and Chamera-III on 22.03.2017 with Tata Power- Delhi Distribution Limited (TP-DDL) for a period of 35 years from the date of commercial operation (COD) of respectiv

PSU banks gain as FM assures to resolve NPA issue

Shares of public sector undertakings (PSU) banking stocks were trading over 2 per cent in opening on the Bombay Stock Exchange (BSE) after the Finance Minister Arun Jaitley assured to resolve non-performing assets (NPA) issue soon. FM, though, did not disclose the timeline for the announcement, but asserted that the resolution may be arrived at a level higher than RBI's oversight panel, PTI

YES Bank rises nearly 2% on fund raising plans

Shares of private sector lender YES Bank advanced nearly 2 per cent on the Bombay Stock Exchange (BSE) after media report suggested that the bank would raise up to USD 600 million with Greenshoe Option of USD 150 m via QIP. In a clarification to exchange, the bank has said that its board had passed resolutions in April and October last year allowing the bank to raise USD 1 billion equivalent (i

Bharti Airtel gains nearly 3% on acquiring 4G biz of Tikona

Shares of Bharti Airtel soared nearly 3 per cent in early trade on the Bombay Stock Exchange (BSE) after telecom major said it will acquire 4G business of Tikona Networks for about Rs 1,600 crore.

Buoyed by the development, shares of company gained as much as 2.83 per cent to hit intra-day high of Rs 348.00 apiece on the Bombay Stock Exchange. In a similar fashion, stocks of lender cl

Real Estate shares in demand; Sobha hits 52-week

Shares of real estate companies were trading higher on the Bombay Stock Exchange (BSE) after industry experts opined that home buying activity is likely to improve as government announced a slew of sentiment-building measures.

In line with benchmark indices, shares of Bangalore-based Sobha gained as much as 12.15 per cent to hit 52-week high in intra-day trade to Rs 381.90 apiece on t

Hindustan Composites surges 20% on bonus, stock split plan

Shares of Hindustan Composites rallied 20 per cent on the Bombay Stock Exchange (BSE) after asbestos industrial products manufacturer said that its board would consider a bonus issue and stock split plan in a meeting to be held on Monday, 10th April, 2017.

Following the announcement, shares of company gained as much as 20 per cent to hit intra-day high of Rs 1908.00 apiece on the Bomb

Cairn India rises over 3% as cabinet okays policy for extending oilfield contracts

Shares of oil and gas major Cairn India advanced over 3 per cent on the Bombay Stock Exchange (BSE) after cabinet passed a policy for granting extension to licences of oil and gas fields on payment of an additional 10 per cent profit share. Buoyed by the government move, shares of company gained as much as 3.22 per cent to hit intra-day high of Rs 300.50 apiece on the Bombay Stock Exchange.

OMCs share gain on interim dividend payout

Shares of oil marketing companies (OMCs) such as Indian Oil Corporation (IOCL), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) were trading higher between 2-3 per cent on the Bombay Stock Exchange (BSE) as board of these companies are scheduled to hold meeting to declare interim dividend. In BSE, Oil&Gas index was at 13461.21, up by 187.79 points, or by 1.41

Som Distilleries zooms over 18% on start of Beer supply in Karnataka

Shares of Som Distilleries & Breweries rallied over 18 per cent on the Bombay Stock Exchange (BSE) after the company said that it has started the supply of Black Fort Beer to Karnataka. Following the announcement, shares of company gained as much as 18.54 per cent to hit intra-day high of Rs 143.80 apiece on the Bombay Stock Exchange.

In a similar fashion, stocks of company climbe

Hindustan Zinc soars over 3% on huge special dividend payout

Shares of state-run Hindustan Zinc surged over 3 per cent on the Bombay Stock Exchange (BSE) after its board approved special interim dividend of 1375 per cent, i.e., Rs 27.50 per share of Rs 2 each for the financial year 2016-17.

Driven by dividend announcement, shares of company gained as much as 3.31 per cent to hit intra-day high of Rs 322.10 apiece on the Bombay Stock Exchange. I

Avenue Supermarts extends gain on Day 2; scrip up 2%

After making a strong debut, shares of Avenue Supermarts continued gaining streak on second day of trade on the Bombay Stock Exchange (BSE) amid surge in volume trade. Avenue Supermarts (ASL), the operator of supermarket retail chain D-Mart, surged nearly 114 per cent on debut against the issue price of Rs 299.

The stock was listed on BSE at Rs 604.40. Extending previous session rally

Divi's Lab extends loss post US FDA alert; scrip hits 52-week low

Shares of Divi's Laboratories continued losing streak of the second day and tanked over 3 per cent, hitting 52-week low, on the Bombay Stock Exchange after the company said that US-FDA has issued an Import Alert 66-40 on the products manufactured at the company's Unit-II at Visakhapatnam, Andhra Pradesh.

Extending previous session losses, shares of company declined as much as

Delta Corp surges over 7% on fund raising plans

Shares of Delta Corp spiked over 7 per cent on the Bombay Stock Exchange (BSE) ahead of the board meeting today to consider fund raising plans by issue of equity shares or such other securities. “The board of directors of company is proposed to be held on Wednesday, 22nd March, 2017 to consider and approve raising funds by issue of equity shares or such other securities, as may be permitt

Century Enka hits 52-week high on strong volume

Shares of synthetic yarn manufacturer Century Enka jumped nearly 15 per cent, hitting 52-week high, on the Bombay Stock Exchange (BSE) amid spurt in volume trade. According to data available with BSE and NSE, a combination of as much as 1.6 million equity shares changed hands till 12:00 PM. Driven by volume trade, shares of company gained as much as 14.69 per cent and touched 52-week high in in

Subex zooms nearly 8% on fund raising plans

Shares of Subex, a leading global provider of business and operations support systems, spiked nearly 8 per cent on the Bombay Stock Exchange (BSE) ahead of the board meeting today to consider fund raising plans by issue of equity shares or such other securities. “The board of directors of company is proposed to be held on March 24, 2017 to consider and approve raising funds by issue of eq

Puravankara rises over 3% as board okays exit from Raidurg project

Shares of Puravankara soared over 3 per cent on the Bombay Stock Exchange (BSE) after its board passed an enabling resolution for exit from the investment of Rs 403 crores at Raidurg, Panamaktha Village which would involve the sale of its entire shares in three wholly owned subsidiaries of Puravankara Limited.

The transaction has been authorized on a condition that total inflow should

Dr. Reddy's Lab hits 52-week low on heavy volume

Shares of drug maker Dr. Reddy's Laboratories plunged over 5 per cent, hitting 52-week low, on the Bombay Stock Exchange amid spurt in volume trade after media reports suggested that US FDA found repeat observations from 2015 warning letter. According to ET Now, the company has failed to maintain complete data to ensure compliance.

Even, exchange has sought clarification regarding

Idea Cellular extends fall post merger deal

Shares of Idea Cellular continued losing spree on Tuesday and tanked nearly 8 per cent on the Bombay Stock Exchange as investors resorted to profit booking after the company said its board has approved the scheme of amalgamation of Vodafone India and its wholly owned subsidiary Vodafone Mobile Services with the company.

Extending previous session losses, shares of company declined as

Divi's Lab nosedives nearly 20% on US FDA alert

Shares of Divi's Laboratories plunged nearly 20 per cent on the Bombay Stock Exchange after the company said that US-FDA has issued an Import Alert 66-40 on the products manufactured at the company's Unit-II at Visakhapatnam, Andhra Pradesh. Weighed down by the development, shares of company declined as much as 19.69 per cent to hit intra-day low of Rs 635.00 apiece on the Bombay Stock

V-Mart Retail tumbles 11% amid profit booking

Shares of V-Mart Retail tanked 11 per cent on the Bombay Stock Exchange as investors resorted to profit booking after D-Mart operator Avenue Supermarts made strong debut on local bourses today. Weighed down by profit booking, shares of company declined as much as 10.99 per cent to hit intra-day low of Rs 742.50 apiece on the Bombay Stock Exchange.

In a similar fashion, stocks of compa

Poly Medicure gain on fixing record date for bonus issue

Shares of Poly Medicure surged nearly 7 per cent on the Bombay Stock Exchange after the company fixed March 28, 2017 as record date for the 1:1 bonus issue. The stock will turn ex-bonus on March 24, 2017. “The company has fixed Tuesday the 28th day of March, 2017 as record date for the purpose of ascertaining the eligibility of shareholders who would be entitled to receive 1 (one) new bon

Great Eastern Shipping hits 52-week high on heavy volumes

Shares of Great Eastern Shipping surged over 5 per cent to its 52-week high on the Bombay Stock Exchange on back of heavy volumes, in otherwise weak market. The trading volumes on the counter jumped multiple folds with a combined 1.11 million shares changed hands on BSE and NSE till 10:24 am; as compared to sub 100,000 shares that were traded daily in past two weeks. GE Shipping on Friday, Marc

Idea Cellular tanks 9% on merger deal with Vodafone

Shares of Idea Cellular, declined over 9 per cent in early trade on the Bombay Stock Exchange after the company said its board has approved the scheme of amalgamation of Vodafone India and its wholly owned subsidiary Vodafone Mobile Services with the company. At present, Vodafone India is the country’s second largest operator by users and Idea Cellular the third largest operator. Vodafone