Amtek Auto extends rally on stake sale buzz

Shares of Amtek Auto extended rally for the second day and locked in upper circuit on the Bombay stock Exchange after media report suggested that Bain Capital, TPG Capital DA Capital and Piramal Enterprises are in the fray to buy a stake in the debt-ridden company.

In response to a clarification sought by the exchange in this regard, the company said that the secured lenders to the co

Federal Bank up over 2% on fund raising via QIP

Shares of Federal Bank soared over 2 per cent on the Bombay stock Exchange after the private sector lender fixed floor price of Rs 117.04 per share for the qualified institutional placement (QIP) offering.

The bank plans to raise Rs 2,500 crore from institutional investors and intended to use fund proceeds for augmenting its Tier I capital to support growth plans and to grow its loan

Nelco hits 52-week high on volume trade

Shares of Nelco continued gaining momentum on Wednesday and rallied nearly 14 per cent, hitting 52-week high, on the Bombay stock Exchange amid surge in volume trade.

According to data available with exchange, as much as 9.12 lakh shares have changed till now compared to two week average volume of 76,000.

Extending previous session rally, shares of the company gained as much

Monnet Ispat jumps over 11% on merger buzz

Shares of Monnet Ispat and Energy spiked over 11 per cent on the Bombay stock Exchange after media report suggested that state-run Steel Authority of India Ltd (SAIL) may take over the debt-ridden company.

Meanwhile, Steel Minister Chaudhary Birender Singh has ruled out any such possibility and said that SAIL has refused to take over assets of stressed companies like Monnet Ispat. Rid

IndiGo hits 52-week high on rise in domestic air traffic, low crude price

Shares of InterGlobe Aviation (IndiGo) rose over 2 per cent, hitting 52-week high, on the Bombay stock Exchange after company reported strong growth in passenger traffic in May, while lower crude oil prices also propels stock higher.

According to monthly traffic data released by the Directorate General of Civil Aviation (DGCA), the company carried over 10 million passengers in May, se

SpiceJet extends rally on deal with Bombardier

Shares of SpiceJet continued gaining spree on Wednesday and hit fresh 52-week high on the Bombay stock Exchange after the company signed a letter of intent (LOI) with Bombardier Commercial Aircraft, to buy upto 50 Q400 turboprop airliners for USD 1.7B billion.

At the International Paris Air Show, the company has signed a letter of intent with Bombardier Commercial Aircraft, for up to

Amtek Auto zooms 10% on buzz over stake sale

Shares of Amtek Auto rallied nearly 10 per cent and hit upper circuit on the Bombay stock Exchange after media report suggested that debt-ridden company is planning to sell stake in the company to repay its debt.

The exchange has sought a clarification from the company with reference to news published in Business Standard quoting "Bain Capital, TPG Capital DA Capital and Piramal

Kanco Tea surges over 6% on bonus issue plan

Shares of Kanco Tea & Industries jumped over 6 per cent on the Bombay stock Exchange after the company said that its board would meet on July 03, 2017 to consider and recommend bonus shares to existing equity shareholders of the company.

The meeting of the board of directors of the company will be held on July 03, 2017, to consider and recommend issue of bonus shares to existing e

ICICI Bank turns ex-bonus, ex-dividend; scrip up 1%

Shares of ICICI Bank rose over 1 per cent on the Bombay stock Exchange after the country’s largest private sector lender turned ex-bonus and ex-dividend today. The board of directors of the bank has fixed June 21 as Record Data for issuing of bonus and dividend.

As on May 03, the board had announced issue of bonus shares in the ratio of 1:10, i.e. one equity share of Rs 2 each f

Nelco shares zoom 20% on strong volume

Shares of Nelco, a Tata Group company, rallied 20 per cent and locked in upper circuit on the Bombay stock Exchange amid spurt in volume trade. According to data available with exchange, as much as 5.77 lakh shares have changed till now compared to two week average volume of 19,000. Driven by heavy volume trade, shares of the company gained as much as 20 per cent to hit upper circuit of Rs 96.3

Tata Steel extends gain, scrip hits 52-week high

Shares of Tata Steel continued gaining momentum for the second day on Tuesday, hitting 52-week high on the Bombay stock Exchange, after the company said it plan to sell 8.36 crore equity shares of face value of Rs 2 each of Tata Motors to Tata Sons. Extending previous session rally, shares of the company gained as much as 1.09 per cent to hit 52-week high of Rs 525.00 apiece on the Bombay Stock

SpiceJet hits 52-week high on deal with Boeing

Shares of low-cost carrier SpiceJet surges nearly 3 per cent, hitting 52-week high, on the Bombay stock Exchange after the company signed a Memorandum of Understanding (MoU) with the US aircraft maker Boeing for 40 737 MAX airplanes.

“The agreement, valued at approx. USD 4.74 billion at current list prices, is split evenly between 20 new orders for the 737 MAX 10 and conversions

Tata Motors says no to listing of JLR, scrip jumps nearly 3%

Shares of Tata Motors rose nearly 3 per cent on the Bombay stock Exchange after the auto major clarified that it has no plan to list its luxury carmaker Jaguar Land Rover on the exchange.

The clarification came in response to a Bloomberg report which suggested that the Tata Group is considering listing of the British company Jaguar Land Rover over an international stock exchange.

PSP Projects surges nearly 6% on robust Q4

Shares of PSP Projects rallied nearly 6 per cent on the Bombay stock Exchange after the construction company reported over a three-fold growth in its standalone net profit at Rs 20.03 crore for the fourth quarter ended March 31, 2017, compared to Rs 5.95 crore during the corresponding quarter of the previous year. Driven by strong Q4, shares of the company gained as much as 5.65 per cent to hit

Adani Ports rises nearly 3% on ratings upgrade

Shares of Adani Ports and Special Economic Zone Limited (APSEZ) soared nearly 3 per cent on the Bombay stock Exchange after Moody's Investors Service revised the company’s Baa3 issuer and senior unsecured rating to stable from negative the outlook.

Boosted by the development, shares of the company gained as much as 2.95 per cent to hit intra-day high of Rs 373.35 apiece on t

Sun TV soars nearly 3% on the launch of new digital platform

Shares of Sun TV Network, one of the largest Television Broadcasters in India, advanced nearly 3 per cent on the Bombay stock Exchange after the company launched a new digital content platform ‘Sun NXT’. Buoyed by the development, shares of the company gained as much as 2.98 per cent to hit intra-day high of Rs 864.60 apiece on the Bombay Stock Exchange.

The scrip was curr

Tata Steel up over 2% on plans to sell stake in Tata Motors

Shares of Tata Steel advanced over 2 per cent on the Bombay stock Exchange after the company said it plans to sell 8.36 crore equity shares of face value of Rs 2 each of Tata Motors to Tata Sons. Boosted by the development, shares of the company gained as much as 2.07 per cent to hit an intra-day high of Rs 512.50 apiece on the Bombay Stock Exchange.

 The scrip was currently trad

Larsen & Toubro up over 1% on winning new orders

Shares of Larsen & Toubro (L&T) rose over 1 per cent on the Bombay stock Exchange after the company said that its construction arm has bagged orders worth Rs 2,231 crore. Boosted by the development, shares of the company gained as much as 1.46 per cent to hit intra-day high of Rs 1752.00 apiece on the Bombay Stock Exchange.

The scrip was currently trading at Rs 1742.30 against

Amtek Auto hits 52-week low on inclusion in list of 12 NPA accounts

Shares of Amtek Auto plunged 20 per cent, hitting 52-week low, on the Bombay stock Exchange after the media report suggested that the company is included in the list of 12 NPA accounts released by the RBI which qualified for immediate reference under Insolvency and Bankruptcy Code (IBC).

Extending Friday’s losses, shares of the company declined as much as 19.97 per cent to hit a

Reliance jumps nearly 2% on BofAML survey report

Shares of Reliance Industries rose nearly 2 per cent on the Bombay stock Exchange after a report by Bank of America Merill Lynch (BofAML) highlighted that nearly 90 per cent of Reliance Jio users are estimated to have subscribed to its promotional Prime membership plan.

Adding to it, a data released by the Telecom Regulatory Authority of India (TRAI) showed that its subsidiary Relianc

Lupin tumbles over 6% on profit booking

Shares of Lupin tumbled over 6 per cent on the Bombay stock Exchange as investors resorted to profit booking after rally in the last few sessions. Earlier on Thursday, the drug maker said that it has launched the generic Wellbutrin XL tablets in the United States after receiving an approval from the United States Food and Drug Administration (FDA) earlier.

Reacting to the news, shares

IPCA Lab tanks nearly 15% as USFDA refuses import of drugs

Shares of IPCA Laboratories nosedived nearly 15 per cent on the Bombay stock Exchange after the company said the US Food and Drugs Administration (USFDA) has refused admission to all drugs made at the company's formulations manufacturing units situated at SEZ Indore (Pithampur) and Piparia (Silvassa). Reacting to the news, shares of the company declined as much as 14.83 per cent to hit an i

Infosys down 1% after Americas head Sandeep Dadlani quits

Shares of Infosys dipped over 1 per cent on the Bombay stock Exchange after the company announced that Sandeep Dadlani, the head of Americas and global head of manufacturing and retail, has resigned from his post.

“The company has appointed Karmesh Vaswani as the Global Head of Retail, CPG & Logistics (RCL) and Nitesh Banga as the Global Head of Manufacturing, to replace San

Cadila Healthcare climbs over 2% as USFDA approves Acyclovir for Injection USP

Shares of Cadila Healthcare soared over 2 per cent on the Bombay stock Exchange after the drug maker said that it has received the final approval from the USFDA to market Acyclovir for Injection USP in strengths of 500 mg/vial and 1000 mg/vial. Buoyed by the development, shares of drug maker gained as much as 2.48 per cent to hit intra-day high of Rs 542.00 apiece on the Bombay Stock Exchange.<

Wipro gains 1.5% on winning IT App managed services engagement with Valmet

Shares of Wipro rose 1.5 per cent on the Bombay stock Exchange after the company said that it has bagged an IT applications managed services engagement with Finland-based Valmet, a leading global developer and supplier of technologies. Following the announcement, shares of IT major gained as much as 1.56 per cent to hit intra-day high of Rs 260.05 apiece on the Bombay Stock Exchange. The scrip