SpiceJet surges nearly 4% on launch of `Mega Monsoon Sale`

Shares of SpiceJet soared nearly 4 per cent on the Bombay stock Exchange after the aviation company launched a “Mega Monsoon Sale” with one-way fares starting at Rs 699. Last week, the company had signed a letter of intent (LOI) with Bombardier Commercial Aircraft, to buy upto 50 Q400 turboprop airliners for USD 1.7B billion.

Boosted by the development, shares of the compa

RCF tanks over 5% as government offloads stake

Shares of state-run Rashtriya Chemicals & Fertilizers (RCF) tumbled over 5 per cent on the Bombay stock Exchange as the government put on sale 5 per cent stake in the company at a floor price of Rs 74.25 per share. The government will sell over 2.75 crore equity shares in the company to raise Rs 200 crore as part of its plan to divest stake in PSUs.

Weighed down by the development

MindTree jumps nearly 4% as board approves buyback of shares

Shares of MindTree rose nearly 4 per cent on the Bombay stock Exchange after the IT services company said that its board has approved the proposal to buyback the fully paid-up equity shares of the company worth Rs 270 crore. Following the announcement, shares of the company gained as much as 3.74 per cent to hit intra-day high of Rs 551.10 apiece on the Bombay Stock Exchange.

The scri

CARE Ratings zooms 16% on stake buy by CRISIL

Shares of CARE Ratings rallied over 16 per cent on the Bombay stock Exchange after exchange data showed that the rating agency CRISIL acquired nearly 9 per cent stake in the company at a price of Rs 1659.79 per share through open market, on June 29, 2017 Buoyed by stake buy, shares of the company gained as much as 16.20 per cent to hit intra-day high of Rs 1660.00 apiece on the Bombay Stock Exc

Axis Bank jumps nearly 4% on exposing bank accounts

Shares of Axis Bank surged nearly 4 per cent on the Bombay stock Exchange after private sector lender said that exposure eight accounts to initiate insolvency resolution process under the provisions of the Insolvency and Bankruptcy Code, 2015 (IBC). Earlier on June 15, the Reserve Bank of India had asked banks to initiate insolvency resolution process in such accounts.

Boosted by the

Bhushan Steel extends fall; scrip down 5%

Shares of Bhushan Steel continued selling streak on Wednesday and tumbled nearly 5 per cent on the Bombay stock Exchange after the lenders consortium authorised State Bank of India to send the debt-ridden company to NCLT under the Insolvency and Bankruptcy Code.

Extending previous session losses, shares of the company declined as much as 4.68 per cent to hit intra-day low of Rs 65.10

OnMobile Global surges over 7% on signing new deal

Shares of OnMobile Global rallied over 7 per cent on the Bombay stock Exchange after the company said that it has secured a 3-year deal with Banglalink, one of the leading digital communications services providers of Bangladesh to provide Ringback Tones and Reverse Ringback Tones to its customers. Buoyed by the development, shares of the company gained as much as 7.28 per cent to hit intra-day

Country Club Hospitality zooms 14% on debt repayment plan

Shares of Country Club Hospitality & Holidays spiked 14 per cent on the Bombay stock Exchange after the company said that its board has approved to sell assets for the purpose of debt reduction. “The board of director of the company has approved resolution to sell, liquidate, transfer or lease back or dispose such assets which add limited value to the operations and profitability of t

Welspun Ent hits 52-week high on strong volume

Shares of Welspun Enterprises rallied nearly 14 per cent, hitting 52-week high, on the Bombay stock Exchange amid spurt in volume trade in otherwise lackluster session. According to data available with BSE, as much as 8.18 lakh shares have changed hand on the counter compared to two-week average of 2.60 lakh shares.

Driven by heavy volume, shares of the company gained as much as 13.87

Tejas Networks surges nearly 4% on block deal

Shares of Tejas Networks jumped nearly 4 per cent on the second day of the trade on the Bombay stock Exchange after exchange data showed that institutional investors acquired stake in the company through open market transaction.

According to data available with NSE, Amansa Holdings had purchased 1.35 million shares at price of Rs 260.56 per share, while Abu Dhabi Investment bought 530

Infibeam Incorp up nearly 2% on stock split plan

Shares of Infibeam Incorporation rose nearly 2 per cent on the Bombay stock Exchange after the company said that its board would consider sub division of equity shares of the company. Boosted by the development, shares of the company gained as much as 1.97 per cent to hit intra-day high of Rs 1054.40 apiece on the Bombay Stock Exchange.

The scrip was currently trading at Rs 1036.95 ag

MEP Infra hits 52-week high on bourses

Shares of MEP Infrastructure Developers rallied over 11 per cent, hitting 52-week high, on the Bombay stock Exchange as investors remained optimist ahead of GST roll out on July 01. Outperforming the benchmark indices, shares of the company gained as much as 11.26 per cent to hit 52-week high of Rs 110.60 apiece on the Bombay Stock Exchange.

The scrip was currently trading at Rs 104.3

SBI dips over 3% on NPA worries

Shares of State Bank of India fell over 3 per cent on the Bombay stock Exchange after rating agency raised concerns over mounting loan-loss provisioning and said that banks will have to sacrifice nearly 60 per cent of the value of the loans extended to the 12 indebted companies recognized by the RBI.

In line with other banking index, shares of bank declined as much as 3.27 per cent to

Bhushan Steel extends losing streak; scrip dips over 3%

Shares of Bhushan Steel continued selling momentum on Tuesday and dipped over 3 per cent on the Bombay stock Exchange amid looming fears after group of lenders, led by the SBI, has send the company to the National Company Law Tribunal (NCLT) for further action under the Insolvency and Bankruptcy Code (IBC), says a Business Standard report.

Weighed down by the development, shares of th

Jaiprakash Associate zooms 20% on debt recast hopes

Shares of Jaiprakash Associate rallied nearly 20 per cent on the Bombay stock Exchange after a Business Standard report suggested that the lenders is likely to approve the debt recast for Jaypee group flagship company. Ahead of lender’s verdict, shares of the company gained as much as 19.96 per cent to hit intra-day high of Rs 22.53 apiece on the Bombay Stock Exchange.

The scrip

LT Foods soars nearly 5% ahead of launch of rice plant in Netherlands

Shares of LT Foods surged nearly 5 per cent on the Bombay stock Exchange amid fresh development that it will inaugurate a rice plant at Rotterdam, Netherlands later this week. Boosted by the development, shares of the company gained as much as 4.89 per cent to hit intra-day high of Rs 67.50 apiece on the Bombay Stock Exchange.

The scrip was currently trading at Rs 67.20 against previo

Videocon Ind snaps 25 day losing streak; scrip up 5%

Shares of debt-ridden Videocon Industries jumped nearly 5 per cent, snapping 25-day falling spree, on the Bombay stock Exchange after a media report suggested some buyers have expressed interest in its home appliances brand Kenstar.

The company has eroded over 78 per cent of its market capital in the last 25 sessions from Rs 81.95 on May 22, 2017 to Rs 18.05 on June 27, 2017. Riding h

Bhushan Steel plunges 10% as lenders move to NCLT

Shares of debt-ridden Bhushan Steel tumbled nearly 10 per cent on the Bombay stock Exchange after a group of lenders, led by the SBI, has send the company to the National Company Law Tribunal (NCLT) for further action under the Insolvency and Bankruptcy Code (IBC), says a Business Standard report.

Weighed down by the development, shares of the company declined as much as 9.97 per cent

Tata Motors slips over 2% on block deal

Shares of auto major Tata Motors fell over 2 per cent on the Bombay stock Exchange amid huge block deal, even after the company plans to save Rs 300-400 crore through restructuring exercise, says an Economic Times report.

As per data available with exchange, as much as 839.08 lakh shares have changed hand till now as compared to two week average volume of 5.23 lakh shares. Driven by b

Himatsingka Seide zooms nearly 12% on heavy volume

Shares of textile design and manufacturing company Himatsingka Seide rallied nearly 12 per cent on the Bombay stock Exchange amid surge in volume trade. As per data available with exchange, as much as 27.68 lakh shares have changed hand till now as compared to two week average volume of 31,000.

Driven by volume trade, shares of the company gained as much as 11.92 per cent to hit intra

Mindtree soars nearly 3% on share buyback plan

Shares of Mindtree rose nearly 3 per cent on the Bombay stock Exchange after IT services and outsourcing company said that its board would consider a share buyback proposal in meeting on June 28, 2017.

“A meeting of the board of directors of the company will be held on June 28, 2017 to consider the proposal to buyback the fully paid-up equity shares of the Company,” MindTr

Reliance Defence jumps nearly 5% on deal with Daher Aerospace

Shares of Reliance Defence surged nearly 5 per cent on the Bombay stock Exchange after the company entered into an agreement with Daher Aerospace, France for manufacture of aerospace components.

“Reliance Infrastructure’s wholly owned subsidiary -- Reliance Defence has signed a Memorandum of Understanding (MoU) with Daher Aerospace, France, a leading supplier of integrated

RCL Retail surges over 7% on strong H1 earnings

Shares of RCL Retail jumped over 7 per cent on the Bombay stock Exchange after the company reported over a two-fold growth in its net profit at Rs 0.44 crore for the six month ended March 31, 2017, compared to Rs 0.16 crore during the corresponding period of the previous year.

Driven by strong earnings, shares of the company gained as much as 7.45 per cent to hit intra-day high of Rs

Monnet Ispat dips 4% as lenders move to NCLT

Shares of Monnet Ispat and Energy tumbled nearly 4 per cent on the Bombay stock Exchange after a Business Standard report suggested that lenders to the company has given the mandate to the SBI, the lead lender, to move an application before the National Company Law Tribunal (NCLT) to start the resolution process for the company.

Weighed down the development, shares of the company decl

Bhushan Steel jumps nearly 8% on heavy volume

Shares of Bhushan Steel rallied nearly 8 per cent on the Bombay stock Exchange amid spurt in volume trade. As per data available with exchange, as much as 6.98 lakh shares have changed hand till now as compared to two week average volume of 18.74 lakh.

The scrip of the company has rallied 41 per cent in the last three sessions in otherwise weak market. Extending previous session rally