GVK Power surges nearly 6% on nod to sell 33% stake in BIAL

Shares of GVK Power & Infrastructure jumped nearly 6 per cent on the Bombay Stock Exchange after the company said that it has obtained all the necessary approvals in the BIAL shareholders agreement for the sale of 33 per cent stake in Bangalore International Airport Limited (BIAL) to FIH Mauritius Investments Ltd and Fairfax India Holdings Corporation.

Boosted by the development,

SBI up over 1% on plans to sale 10% stake in SBI Life

Shares of country’s largest lender State Bank of India fell over 1 per cent on the Bombay Stock Exchange after the lender said that it is planning to dilute 10 per cent of its stake in the life insurance venture SBI Life through public offer.

Following the announcement, shares of bank gained as much as 1.68 per cent to hit intra-day high of Rs 280.70 apiece on the Bombay Stock E

JSPL falls over 3% as CBI files chargesheet in Naveen Jindal case

Shares of Jindal Steel and Power Limited (JSPL) dipped over 3 per cent on the Bombay Stock Exchange after Economic Times reported that CBI has filed a supplementary chargesheet naming five more persons as accused in a coal scam case against Naveen Jindal and others.

Weighed down by the development, shares of company declined as much as 3.21 per cent to hit intra-day low of Rs 115.90 a

SpiceJet hits record high amid heavy volume

Shares of low-cost carrier SpiceJet continued gaining streak for the third day and rallied over 7 per cent, hitting fresh 52-week high, on the Bombay Stock Exchange amid surge in volume trade. According to Business Standard report, strong passenger growth traffic last month, coupled with weaken dollar and lower crude oil prices boosted the short-term outlook for aviation stocks.

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RIL falls over 2% after Sebi bars from F&O segment

Shares of Reliance Industries tanked over 2 per cent on the Bombay Stock Exchange after capital market regulator the Securities and Exchange Board of India (Sebi) penalized the Mukesh Ambani’s company for unlawful transactions and imposed a one-year ban on it from trading in equity derivatives. Reacting to the news, shares of company declined as much as 2.34 per cent to hit intra-day low

Coal India dips over 2% as stock trades ex-dividend

Shares of state-run Coal India fell over 2 per cent on the Bombay Stock Exchange after the stock traded ex-interim dividend for Rs 1.15 per share. The company’s board in its meeting on March 26, 2017, had approved payment of second interim dividend for the financial year 2016-17 at Rs 1.15 per share of the face value of Rs 10.

Weighed down by the development, shares of company d

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