Union Bank tanks over 7% on plans to sell insurance biz

Shares of Union Bank of India fell over 7 per cent on the Bombay stock Exchange after state-run lender announced to offload 40 per cent stake in its mutual fund business to Dai-ichi Life Insurance Company of Japan. Weighed down by the development, shares of the bank declined as much as 7.58 per cent to hit intra-day low of Rs 124.25 apiece on the Bombay Stock Exchange.

The stocks were

Phillips Carbon Black rises 4% on investment plan

Shares of Phillips Carbon Black jumped nearly 4 per cent on the Bombay stock Exchange after Sanjiv Goenka group unveiled plan to invest Rs 300 crore to boost the capacity and expand business in South India. Following the announcement, shares of the company gained as much as 3.96 per cent to hit intra-day high of Rs 576.00 apiece on the Bombay Stock Exchange.

The stocks were currently

Tata Motors skids over 6% on terminating deal with Volkswagen

Shares of Tata Motors tumbled over 6 per cent on the Bombay stock Exchange after media report suggested that auto major has decided to terminate plan to develop cars with Volkswagen for emerging markets. Weighed down by development, shares of the company declined as much as 6.02 per cent to hit intra-day low of Rs 357.95 apiece on the Bombay Stock Exchange.

The stocks were currently t

Symphony tumbles over 10% on weak Quarterly result

Shares of Symphony nosedived over 10 per cent on the Bombay stock Exchange after the air cooler maker reported disappointing earnings for the first quarter ended June 30, 2017. The company has reported a 23.8 per cent fall in profit at Rs 24 crore in Q1 FY18, against Rs 31.6 crore in the same quarter last financial year. Weighed down by Q1, shares of the company declined as much as 10.19 per ce

Tata Motors plunges over 8% on disappointing Quarterly result

Shares of Tata Motors tumbled over 8 per cent on the Bombay stock Exchange after the auto major reported lower-than-expected earnings for the first quarter ended June 30, 2017. The company has reported a 41.6 per cent growth in profit at Rs 3,200 crore in Q1 FY18, against Rs 2,260 crore in the same quarter last financial year, thanks to a one-time gain of Rs 3,609 crore.

Reacting to Q

SRF dips 8% on disappointing Quarterly results

Shares of SRF Ltd fell nearly 8 per cent on the Bombay stock Exchange after the company’s consolidated net profit declined 33 per cent year-on-year (YoY) to Rs 104 crore in June quarter (Q1FY18), due to higher raw material cost. The company had profit of Rs 155 crore in the same quarter year ago. SRF said the decrease in net profit was mainly on account of subdued commodity prices, channe

Bharti Infratel dips nearly 5% on heavy volume

Shares of Bharti Infratel tumbled nearly 5 per cent on the Bombay stock Exchange amid surge in volume trade. According to data available with exchange, as much as 858.06 lakh shares have changed hand on the counter as against two week average of 0.92 lakh shares. Weighed down by the development, shares of the company declined as much as 4.87 per cent to hit intra-day low of Rs 378.50 apiece on

Hindalco Ind hits 52-week high as Novelis posts robust Q1

Shares of Hindalco Industries jumped over 7 per cent, hitting fresh 52-week high, on the Bombay stock Exchange after its overseas arm, Novelis Inc reported a four-fold jump in net income at USD 101 million for the June quarter of FY18, compared to USD 24 million in the corresponding period of previous year. Driven by Novelis’ earnings, shares of the company gained as much as 7.53 per cent

Tata Steel hits fresh record high post Q1

Shares of Tata Steel continued gaining streak on Tuesday and surged over 4 per cent, hitting fresh 52-week high, on the Bombay stock Exchange after the steel maker reported a consolidated net profit of Rs 921 crore in the quarter ended June 30, 2017, compared to net loss of Rs 3,183 crore in the corresponding period last year. Boosted by Q1, shares of the company gained as much as 4.15 per cent

Tata Steel hits 52-week high ahead of Q1

Shares of Tata Steel rose over 3 per cent, hitting 52-week high, on the Bombay stock Exchange ahead of the first quarter earnings report to be announced later in the day. Ahead of Q1, shares of the company gained as much as 3.45 per cent to hit 52-week high of Rs 595.40 apiece on the Bombay Stock Exchange. The stocks were currently trading at Rs 594.60 against previous close price of Rs 575.50.

Jaiprakash Associates zooms 20% on robust Q1

Shares of Jaiprakash Associates rallied 20 per cent, hitting 52-week high, on the Bombay stock Exchange after the company swung into profit in the June quarter with net profit of Rs 764.99 crore on account of higher income and lower expenses. Boosted by Q1, shares of the company gained as much as 19.99 per cent to hit 52-week high of Rs 30.40 apiece on the Bombay Stock Exchange.

The s

Britannia Ind hits 52-week high post Q1

Shares of Britannia Industries surges nearly 7 per cent, hitting 52-week high, on the Bombay stock Exchange even after the company reported 1.5 per cent decline in its consolidated net profit at Rs 216 crore compared to Rs 219 crore in the same quarter of previous fiscal year. Following Q1, shares of the company gained as much as 6.77 per cent to hit 52-week high of Rs 4,178.65 apiece on the Bo

Veer Energy & Infrastructure jumps 9% on winning new order

Shares of Veer Energy & Infrastructure rallied 9 per cent on the Bombay stock Exchange even after the company said it has bagged order from Maharashtra Energy Development Agency, Pune for installation of solar or hybrid project at our existing wind projects. Following the announcement, shares of the company gained as much as 8.99 per cent to hit intra-day high of Rs 30.90 apiece on the Bomb

Biocon dips over 9% on USFDA observations

Shares of Biocon tumbled over 9 per cent on the Bombay stock Exchange after the US drug regulator USFDA issued 10 observations on the company’s Bangalore plant. Weighed down by the development, shares of the company declined as much as 9.13 per cent to hit intra-day low of Rs 341.00 apiece on the Bombay Stock Exchange.

The stocks were currently trading at Rs 353.85 against previ

IOC surges over 5% post Quarterly result

Shares of Indian Oil Corporation jumped over 5 per cent on the Bombay stock Exchange even after the state-run oil marketing company reported 45 per cent year on year (YoY) decline in net profit at Rs 4,549 crore in June quarter compared to Rs 8,269 crore in the same quarter a year ago, albeit higher than analyst estimates. Buoyed by robust Q1, shares of the company gained as much as 5.13 per ce

PNB Housing Finance jumps over 6% on strong Quarterly result

Shares of PNB Housing Finance surged over 6 per cent on the Bombay stock Exchange after the housing finance arm of Punjab National Bank reported 93 per cent year on year (YoY) growth in net profit at Rs 185 crore in June quarter compared to Rs 96 crore in the same quarter a year ago. Boosted by robust Q1, shares of the company gained as much as 6.50 per cent to hit intra-day high of Rs 1533.90

Titan Company hits 52-week high on robust Quarterly result

Shares of Titan Company rallied over 10 per cent, hitting 52-week high, on the Bombay stock Exchange after the company’s consolidated net profit nearly doubles on year-on-year basis to Rs 238 crore for the first quarter ended June 30, 2017. Driven by strong Q1, shares of the company gained as much as 10.51 per cent to hit 52-week high of Rs 616.15 apiece on the Bombay Stock Exchange.

CEAT tumbles over 8% as Quarterly result profit plunges

Shares of CEAT tanked over 8 per cent on the Bombay stock Exchange after tyre maker reported a 98.6 per cent year-on-year decline in its consolidated net profit at Rs 1.38 crore for the first quarter ended June 30, 2017, due to destocking by trade partners ahead of the GST rollout and higher expenses. Weighed down by Q1 earnings, shares of the company declined as much as 8.05 per cent to hit in

IOC jumps 5% as government removes subsidy on kerosene oil

Shares of Indian Oil Corporation surged nearly 5 per cent on the Bombay stock Exchange after the government asked state-controlled oil companies to keep raising prices of subsidised kerosene by 25 paise every fortnight until the subsidy is eliminated, says media report. Boosted by the development, shares of the company gained as much as 4.93 per cent to hit intra-day high of Rs 388.15 apiece on

RCom plunges over 8% as NLCT looks into Aircel deal

Shares of Anil Ambani-led Reliance Communications tumbled nearly 8 per cent on the Bombay stock Exchange after media report suggested that the National Company Law Tribunal (NCLT) will take a call on whether to admit the company’s merger proposal with Aircel. Weighed down by the development, shares of the company declined as much as 8.58 per cent to hit intra-day low of Rs 22.90 apiece on

Bata India hits 52-week high on robust Quarterly result

Shares of Bata India surged nearly 7 per cent, hitting 52-week high, on the Bombay stock Exchange after the company reported 20 per cent year-on-year growth in net profit at Rs 60.4 crore in June quarter, compared to Rs 50.5 crore in year ago quarter. Cheering Q1 earnings, shares of the company gained as much as 6.81 per cent to hit 52-week high of Rs 623.25 apiece on the Bombay Stock Exchange.

Edelweiss Financial Services gains 5% on strong Quarterly result

Shares of Edelweiss Financial Services surged over 5 per cent on the Bombay stock Exchange after the company reported 40.55 per cent growth in net profit at Rs 196.32 crore for the quarter ended June 30, 2017 against Rs 139.68 crore in the corresponding quarter last year. Cheering Q1 earnings, shares of the company gained as much as 5.14 per cent to hit intra-day high of Rs 214.65 apiece on the

Hindustan Copper dips nearly 8% on discounted price for OFS

Shares of Hindustan Copper tumbled nearly 8 per cent on the Bombay stock Exchange after the the government set floor price for its offer for sale at Rs 64.75, down 8.35 per cent from Tuesday’s closing price of Rs 70.65 on the BSE. Weighed down by the development, shares of the company declined as much as 7.64 per cent to hit intra-day low of Rs 65.25 apiece on the Bombay Stock Exchange.

Hero MotoCorp rises over 3% on strong July sales

Shares of Hero MotoCorp jumped over 3 per cent on the Bombay stock Exchange after the auto major reported 17 per cent year-on-year growth in monthly sales at 623,269 units in July compared to 532,113 units. Driven by strong monthly sales, shares of the company gained as much as 3.12 per cent to hit intra-day high of Rs 3938.00 apiece on the Bombay Stock Exchange.

The stocks were curre

Vascon Engineers jumps over 4% on winning new order

Shares of Vascon Engineers rallied over 4 per cent on the Bombay stock Exchange after engineering firm said that it has received Letter of award from Transcon Sheth Creators Private Limited, for the work of civil construction, finishing, electrical and firefighting work of Residential Building no 3 and 4 (Ground plus 23 Floors) in Malad (W) amounting to Rs 80.41 crores. Buoyed by the developmen