IT stocks dips over 2% on H-1B visas concerns

Shares of IT companies tumbled over 2 per cent on Bombay Stock Exchange after media reports suggested that the US Congressmen have reintroduced a bill to limit the use of H-1B visas, a move which would directly IT industry.

Reacting to the news, BSE_IT index declined as much as 253.99 points, or 2.51 per cent, to trade 9884.07 on the BSE. Weighed down by the development, shares of Son

Mastek jumps nearly 4% on acquiring US based TAISTech

Shares of Mastek soared nearly 4 per cent on the Bombay Stock Exchange after it said that Digility Inc., its wholly owned subsidiary, has acquired a US-based leading digital commerce solution provider, TAISTech.

Following the announcement, shares of company gained as much as 3.69 per cent to hit intra-day high of Rs 181.00 apiece on Bombay Stock Exchange. In a similar fashion, stocks

GE Power surges over 5% on winning new contract

Shares of G E Power India climbed over 5 per cent on the Bombay Stock Exchange after the company said that it has been awarded a contract by NTPC ALSTOM Power Services (a 50:50 JV between NTPC and GE) of approximately Rs 198.8 crore (approximately USD 29.22 million) for steam turbine upgrade project at NTPC's Ramagundam Super Thermal Power plant in the State of Telangana.

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Tata Elxsi gains nearly 3% on partnership with Disti Corp

Shares of Tata Elxsi rose nearly 3 per cent on the Bombay Stock Exchange after the global services design and technology services provider said that it has partnered with DiSTI Corporation Florida, USA, the creators of user interface tool, GL Studio.

Following the announcement, shares of company gained as much as 2.88 per cent to hit intra-day high of Rs 1460.00 apiece on Bombay Stock

IP Rings zooms 20% on board nod to right issue

Shares of IP Rings rallied 20 per cent on the Bombay Stock Exchange after the company said that its board approved rights issue in the ratio of 4:5 at offer price of Rs 88.75 per share. “The board of directors has taken decision in connection with the proposed Rights Issue on the, at their Meeting held on January 04, 2017, in the ratio of 4:5 at offer price of Rs 88.75 per share,” I

Petron Engineering zooms over 11% on new work orders

Shares of Petron Engineering Construction rallied over 11 per cent in early trade on the Bombay Stock Exchange after the company received Letter of Intent from Shree Cement, for civil work of plant building & silos and misc. work at their Orissa Grinding Project worth Rs 33 crore.

Driven by new work order, shares of company gained as much as 11.22 per cent to hit intra-day high of

Tata Motors jumps over 3% on bourses

Shares of Tata Motors climbed over 3 per cent in early trade on the Bombay Stock Exchange amid strong outlook as the auto major is lining up a slew of launches and huge investment plans to boost sales. Earlier on Tuesday, the company had launched its new pick-up vehicle Tata Xenon Yodha with price starting at Rs 6.05 lakh.

In line with benchmark indices, shares of company gained as mu

Bombay Dyeing surges over 6% on biz revival plan

Shares of Bombay Dyeing & Mfg Company rose over 6 per cent on the Bombay Stock Exchange after Economic Times reported that the company was looking to turn around its textile retail business in FY18.

Riding high on the media reports, shares of company gained as much as 6.35 per cent to hit intra-day high of Rs 51.90 apiece on Bombay Stock Exchange.

In a similar fashion, s

GVK Power zooms over 13% on winning bid for Navi Mumbai airport

Shares of GVK Power & Infrastructure rallied over 13 per cent on the Bombay Stock Exchange after media reported that it has quailed for Rs 16,000 crore Navi Mumbai Airport bid as rival bidders pull out from the bidding process.

According to an ETRealty report, GMR Infrastructure, Tata Realty & Infrastructure and the Hiranandani Group pull out from the bidding process, leaving

Mahanagar Gas jumps over 4% on heavy volume

Shares of Mahanagar Gas, a joint-venture between GAIL, BG Group and the Government of Maharashtra, continued their gaining streak on Wednesday and advanced over 4 per cent on the Bombay Stock Exchange amid surge in volume trade.

Earlier on Sunday, the company in association with Eco Fuel announced the launch of CNG fueled two-wheelers in Mumbai. Extending previous session rally, share

Ramco Systems spikes over 11% on deal with Panasonic Group

Shares of Ramco Systems surged over 11 per cent on the Bombay Stock Exchange after the company said it has signed a multi-million dollar Cloud HR & Payroll transformation deal with Panasonic Group of companies in Malaysia.

Following the announcement, shares of company gained as much as 11.11 per cent to hit intra-day high of Rs 386.50 apiece on Bombay Stock Exchange. In a similar

Jubilant Life zooms nearly 12% on signing deal in Radiopharma biz

Shares of Jubilant Life Sciences jumped nearly 12 per cent on the Bombay Stock Exchange after the company said that its arm signed long term contracts in Radiopharma business. “The company’s wholly own subsidiary Jubilant Pharma, through one of its units Jubilant DraxImage Inc.

Montreal Canada (JDI), has signed long term contracts with distribution networks in the US for s

Bajaj Hindusthan Sugar jumps over 4% on plan to sell power biz

Shares of Bajaj Hindusthan Sugar advanced over 4 per cent on the Bombay Stock Exchange after the company said that it seek shareholders' nod to sell its co-generation power business to group firm Lalitpur Power Generation Company Ltd (LPGCL) for about Rs 1,800 crore.

Following the announcement, shares of company gained as much as 4.12 per cent to hit intra-day high of Rs 4.12 apie

Balrampur Chini Mills jumps nearly 6% on share buyback plan

Shares of Balrampur Chini Mills surged nearly 6 per cent on the Bombay Stock Exchange after its board approved January 13, 2017 as the record date for the buyback of equity shares. Following the announcement, shares of company gained as much as 5.79 per cent to hit intra-day high of Rs 137.90 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company rose 1.11 per cent t

Snowman Logistics surges over 6% ahead of GST council meeting

Shares of Snowman Logistics soared over 6 per cent on the Bombay Stock Exchange on hope that the government will clear hurdle for goods and services tax (GST) implementation in the GST Council meet today.

Ahead of the meeting, shares of company gained as much as 6.56 per cent to hit intra-day high of Rs 55.20 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of c

IOC extends rally on fuel price hike; scrip hits 52-week high

Shares of state-run Indian Oil Corporation (IOC) rose over 6 per cent, hitting 52-week high, on the Bombay Stock Exchange following hike in petrol and diesel prices with effective from Sunday midnight.

State-run companies have raised petrol prices by Rs 1.29 a litre, and of diesel by 97 paise with effective from Sunday midnight. Boosted by the development, shares of company gained as

Bank stocks trade lower as Prime Minister nudges to cut rates; SBI down 2%

Shares of financial companies were under pressure on Monday after Prime Minister Narendra Modi appealed to banks to priorities their lending towards the poor and middle class in his address to nation on New Year's Eve.

Following the announcement, state-run lender State Bank of India lowered marginal cost of funds based lending rate (MCLR) by 0.9 per cent from 8.90 per cent to 8 pe

Bajaj Auto skids nearly 3% post December sales number

Shares of Bajaj Auto dipped nearly 3 per cent on the Bombay Stock Exchange after the auto major reported a decline of 22 per cent in its total sales in December at 225,529 units as compared to 289,003 units in the year ago month.

Weighed down by weak sales number, shares of company declined as much as 2.95 per cent to hit intra-day low of Rs 2556.00 apiece on Bombay Stock Exchange.

IL&FS Engineering surges over 7% on winning new order

Shares of IL&FS Engineering and Construction Company jumped over 7 per cent on the Bombay Stock Exchange after the company bagged Rs 242.56 crore road contract in Karnataka. Following the announcement, shares of company gained as much as 7.52 per cent to hit intra-day high of Rs 45.75 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company rose 5.80 per cent to Rs

OMCs shares gain on fuel price hike

Shares of oil marketing companies, such as Oil India, BPCL and HPCL, rose on Monday on the Bombay Stock Exchange following hike in petrol and diesel prices with effective from Sunday midnight.

State-run companies have raised petrol prices by Rs 1.29 a litre, and of diesel by 97 paise with effective from Sunday midnight. Tracking the news, BSE Oil&Gas index rose to 12233.88, up by

Eicher Motors surges nearly 5% on robust December sales

Shares of Eicher Motors jumped nearly 5 per cent on the Bombay Stock Exchange after the company reported a 42 per cent growth in December motorcycle sales at 57,398 units as compared to 40,453 units sold during the year ago period.

Boosted by strong sales, shares of company gained as much as 4.76 per cent to hit intra-day high of Rs 22851.00 apiece on Bombay Stock Exchange.

Engineers India slips over 8% on ex-bonus

Shares of Engineers India dipped over 8 per cent on the Bombay Stock Exchange on profit booking as the stock trading ex-bonus on Friday in the ratio of 1:1.

The state-owned company has fixed January 02, 2017 as the record date for the purpose of ascertaining the eligibility of shareholders for issuance of bonus shares in the ratio of 1:1 i.e. 1 (one) new equity bonus share of Rs 5 eac

GE Power zooms on winning contract worth Rs 271 cr from BHEL

Shares of GE Power surged over 6 per cent on the Bombay Stock Exchange after the company received contract worth of Rs 271 crore from Bharat Heavy Electricals (BHEL) for supply of components and services for 2 thermal power projects in Tamil Nadu.

“The company has been awarded a contract worth approximately Rs 271.1 crore (i.e. approximately US $ 40 million) by Bharat Heavy Elec

Rajesh Exports shines on securing export order worth Rs 929 crore

Shares of Rajesh Exports gained over 2 per cent on the Bombay Stock Exchange after the company bagged an export order worth Rs 929 crore of designer range of gold and diamond studded jewellery and medallions from UAE. The order is said to be completed by March 2017, the company said in a filing to the Bombay Stock Exchange.

With this order, the order book at the consolidated level sta

JMC Projects surges on bagging orders worth Rs 1,457 crore

Shares of JMC Projects rallied over 8 per cent on the Bombay Stock Exchange after the company said it has secured new orders worth over Rs 1,457 crore. The company has bagged Rs 454 crore shipyard modernisation project in Goa, Rs 446 crore flyover project in Maharashtra, Rs 282 crore commercial project in Hyderabad, Rs 224 crore residential project in Bangalore, JMC Projects (India), a subsidia