PSU shares surge on heavy volume; MMTC, Nalco hit 52-week high

Shares of public sector undertaking (PSU) companies were in upbeat mood, in otherwise lackluster market, on Wednesday on the Bombay Stock Exchange amid surge in volume trading, with MMTC, Nalco, ITI and ONGC hit their respective 52-week high. In BSE, PSU index was at 7893.53, up by 71.24 points or by 0.91 per cent. Shares of MMTC rallied as much as 14 per cent to hit 52-week high of Rs 56.75 ap

VST Tillers Tractors surges over 4% on strong Nov sales

Shares of VST Tillers Tractors jumped over 4 per cent on the Bombay Stock Exchange after the company reported power tiller sales of 1,495 units and tractors sales of 684 units in November 2016. Buoyed by the development, shares of company gained as much as 4.13 per cent to hit intra-day high of Rs 1879.70 apiece on Bombay Stock Exchange. In a similar fashion, stocks of company were trading 2.60

Adani Enterprises rises nearly 2% on setting up new subsidiary

Shares of Adani Enterprises climbed nearly 2 per cent on the Bombay Stock Exchange after the company said that it has incorporated a wholly-owned subsidiary namely, Adani Cementation Limited (ACL). Following the announcement, shares of company gained as much as 1.86 per cent to hit intra-day high of Rs 71.10 apiece on Bombay Stock Exchange. In a similar fashion, stocks of company were trading 0

IMFA shares hit 52-week high

Shares of Indian Metals & Ferro Alloys (IMFA) surged 5 per cent, hitting 52-week high, on the Bombay Stock Exchange. According to Business Standard report, the stock spiked nearly 200 per cent in past four months from Rs 166 since September 6. Continuing its gaining streak, shares of company gained as much as 4.99 per cent to hit intra-day high of Rs 475.25 apiece on Bombay Stock Exchange.

Balmer Lawrie & Co hits 52-week high on bourses

Balmer Lawrie & Company continued their gaining momentum and advanced nearly 4 per cent, hitting 52-week high, on the Bombay Stock Exchange after its board recommended issuance of bonus shares in the proportion 3:1 i.e. 3 new equity bonus shares for every 1 existing equity share of the company held by the shareholders on the record date. The company has fixed December 27, 2016 as the record

Tata Power jumps near 4% on winning new order

Shares of Tata Power Company rose nearly 4 per cent on the Bombay Stock Exchange after the company said its strategic engineering division, Tata Power SED, has bagged an order worth over Rs 200 crore from Ministry of Defence. Following the announcement, shares of company gained as much as 3.68 per cent to hit intra-day high of Rs 75.95 apiece on Bombay Stock Exchange. In a similar fashion, stoc

Sun TV jumps over 7% on bourses

Shares of Sun TV Network, owned by Kalanidhi Maran, spiked over 7 per cent on the Bombay Stock Exchange on reports of declining health of Tamil Nadu Chief Minister Jayalalithaa. Kalanidhi Maran is the grandnephew of M Karunanidhi, who leads AIADMK’s archrival DMK party. Riding high on media reports, shares of company gained as much as 7.15 per cent to hit intra-day high of Rs 469.05 apiec

P&G shares jump over 4% as Q2 profit surge

Shares of Procter & Gamble Hygiene and Health Care (P&G) rose over 4 per cent on the Bombay Stock Exchange after the company reported a growth of 50 per cent in its net profit at Rs 103.72 crore for the quarter ended September 2016 (Q2FY17), compared to Rs 69.56 crore in the same period last year. Buoyed by robust Q2, shares of company gained as much as 4.27 per cent to hit intra-day hi

Kolte - Patil Developers zooms 17% on robust Q2

Shares of Kolte - Patil Developers rallied nearly 17 per cent on the Bombay Stock Exchange after the company reported a growth of 54 per cent in its net profit at Rs 19.3 crore for the quarter ended September 2016 (Q2FY17), compared to Rs 12.5 crore in the same period last year. Boosted by Q2 earnings, shares of company gained as much as 16.85 per cent to hit intra-day high of Rs 111.90 apiece

TVS Motor skids nearly 3% on weak November sales

Shares of TVS Motor Company fell nearly 3 per cent on the Bombay Stock Exchange after the auto major reported flat sales in November. The two-wheeler maker posted sales of 224,971 during the month of November 2016, as against 225,401 units registered in the month of November 2015. Weighed down by November sales, shares of company dipped as much as 2.81 per cent to hit intra-day low of Rs 357.35

AXISCADES Eng zooms over 15% on deal with Airbus

Shares of AXISCADES Engineering Technologies rallied over 15 per cent on the Bombay Stock Exchange after the company entered into a strategic agreement with Airbus to provide a range of critical engineering services for all Airbus aircraft programmes as tier-1 suppliers. Extending previous session rally, shares of company gained as much as 15.04 per cent to hit intra-day low of Rs 204.60 apiece

Dilip Buildcon cracks over 13% on disappointing Q2

Shares of Dilip Buildcon tumbled over 13 per cent on the Bombay Stock Exchange after the realty major reported a 83 per cent decline in its standalone net profit at Rs 6.97 crore for the quarter ended September 30, 2016 (Q2FY17), compared to Rs 40.23 crore in year ago quarter. Weighed down by Q2 earnings, shares of company dipped as much as 13.11 per cent to hit intra-day low of Rs 220.25 apiec

Balkrishna Industries hits record high

Shares of Balkrishna Industries rallied over 3 per cent, touching 52-week high on the Bombay Stock Exchange, extending its past two days surge after the tire manufacturing company reported more than doubled growth its net profit at Rs 243 crore for the quarter ended September 30, 2016, from Rs 106 crore in the same period last year.

Buoyed by Q2 earnings, shares of company gained as m

Syngene International dips 5% after block deal

Shares of Syngene International dipped 4.93% to Rs 575.45 on the BSE after a more than 1 per cent stake of the pharmaceutical company changed hands via block deal. On Thursday, December 1, 2016, the stock had hit a record high of Rs 616 on the BSE in intra-day trade. In past four months, it had outperformed the market by surging 45 per cent as compared to 5 per cent decline in the S&P BSE S

Steel Strips Wheels jumps nearly 18% on robust Nov sales

Shares of Steel Strips Wheels rose nearly 18 per cent on the Bombay Stock Exchange after the auto major said that it has reported 14 per cent growth in total wheel rim sales of 1.20 million in November 2016, as compared to 1.05 million wheel rim in year ago period. Buoyed by strong sales, shares of company gained as much as 17.74 per cent to hit intra-day high of Rs 642.75 apiece on Bombay Stoc

ONGC hits 52-week high on OPEC deal

Shares of Oil & Natural Gas Corporation (ONGC) rose over 3 per cent, hitting 52-week high, on the Bombay Stock Exchange as oil prices rebounded after the Organization of the Petroleum Exporting Countries (OPEC) agrees to cut crude oil production. Boosted by the development, shares of company gained as much as 3.33 per cent to hit intra-day high of Rs 298.65 apiece on Bombay Stock Exchange.<

Balkrishna Industries zooms over 14% on strong Q2

Shares of Balkrishna Industries rallied over 14 per cent on the Bombay Stock Exchange after the tire manufacturing company reported more than doubled growth its net profit at Rs 243 crore for the quarter ended September 30, 2016, from Rs 106 crore in the same period last year. Buoyed by Q2 earnings, shares of company gained as much as 14.17 per cent to hit intra-day high of Rs 1134.90 apiece on

Eicher Motors jumps over 3% on robust Nov sales

Shares of Eicher Motors rose over 3 per cent on the Bombay Stock Exchange after the auto major said that it has reported 41 per cent growth in total sales at 57,313 units in November 2016, compared to 40,769 units sold in the same month last year. Buoyed by strong sales, shares of company gained as much as 3.49 per cent to hit intra-day high of Rs 22433.90 apiece on Bombay Stock Exchange.

HCC shares spikes nearly 20% on receiving arbitral award

Shares of Hindustan Construction Company zoomed nearly 20 per cent on the Bombay Stock Exchange after the company said that it would receive 75 per cent arbitral award amount of appx Rs 2000 crore within 4 to 6 weeks. Following the announcement, shares of company gained as much as 19.88 per cent to hit intra-day high of Rs 41.00 apiece on Bombay Stock Exchange.

In a similar fashion, s

HCC rises nearly 3% on equity, debt issuance

Shares of Hindustan Construction Company jumped nearly 3 per cent on the Bombay Stock Exchange after the company said that its board would consider equity and debt issuance in its meeting on December 02, 2016.

“The board would consider the offer and issue of equity shares representing 24.44 per cent of the expanded capital and also Optionally Convertible Debentures (OCDs) on Pre

IDFC Bank tanks nearly 4% amid block deal

Shares of IDFC Bank plunged nearly 4 per cent on the Bombay Stock Exchange amid surge in volume trade after media reported that Khazanah Nasional Berhad arm to sell stake in the bank. According to Economic Times report, Sipadan Investments (Mauritius), an arm of Malaysian sovereign wealth fund Khazanah Nasional Berhad, is selling almost its entire stake in IDFC Bank in a block deal.

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Idea Cellular rises over 2% on Axiata stake selling report

Shares of Idea Cellular fell over 2 per cent on the Bombay Stock Exchange after Economic Times reported that Malaysian company Axiata is looking to sell its 20 per cent stake in Mumbai-based telecom operator. Reacting to the news, shares of company declined as much as 2.08 per cent to hit intra-day low of Rs 77.50 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of compan

Vivimed Lab zooms over 16% on successful USFDA inspection

Shares of Vivimed Lab zoomed over 16 per cent in early trade on the Bombay Stock Exchange after the drug maker said that its 'Finished Dosage Form' (FDF) manufacturing facility located in Alathur completed successful US Food and Drug Administration (USFDA) inspection. Boosted by the development, shares of company gained as much as 16.29 per cent to hit intra-day high of Rs 107.40 apiece

Sarda Energy surges nearly 12% 0n restoration of mine operations

Shares of Sarda Energy & Minerals rallied nearly 12 per cent in early trade on the Bombay Stock Exchange after the company said that the operations at the iron ore mine, which were suspended on March 07, 2016 due to naxal attack, have been restored. Following the announcement, shares of company gained as much as 11.63 per cent to hit intra-day high of Rs 256.65 apiece on Bombay Stock Exchan

Triveni Engineering zooms nearly 10% on robust Q2

Shares of Triveni Engineering & Industries rallied nearly 10 per cent on the Bombay Stock Exchange after the company reported nearly three-fold jump in consolidated net profit at Rs 68 crore for the quarter ended September 30, 2016, from Rs 23 crore in the same quarter last fiscal. Buoyed by strong Q2, shares of company gained as much as 9.75 per cent to hit intra-day high of Rs 64.70 apiec