Arshiya hits 52-week high on deal with APFT

Shares of Arshiya jumped over 4 per cent, hitting 52-week high, on the Bombay Stock Exchange after Ascendas Property Fund Trustee (APFT) entered into a binding term sheet agreement with the company to acquire its 6 warehouses at its Free Trade & Warehousing Zone (FTWZ) located at Panvel, near Mumbai. Following the announcement, shares of company gained as much as 4.58 per cent to hit 52-wee

IOC hits fresh 52-week high, joins Rs 2-lakh cr m-cap league

Shares of Indian Oil Corporation (IOC) rose over 2 per cent, hitting fresh 52-week high, on the Bombay Stock Exchange after media report suggested that petrol and diesel prices in some cities will see daily change in sync with international rates. The index heavyweight, IOC, with the m-cap of Rs 203,171 crore, has joined the league of corporate entities with a market value of over Rs 2 lakh cro

Delta Corp rebounds 3% on bargain hunting

Shares of Delta Corp rose nearly 3 per cent on the Bombay Stock Exchange as investors hunted for bargains after a six-day losing streak. The stocks saw sharp selling in last six trading session after media reported a possible merger of Daman and Diu - a coastal Union Territory (UT) - with the state of Gujarat. Snapping losing streak, shares of company gained as much as 2.98 per cent to hit intr

Infosys dips nearly 3% post Q4 results

Shares of Infosys fell nearly 3 per cent in early trade on the Bombay Stock Exchange after the IT bellwether reported a marginal growth in its consolidated net profit at Rs 3,603 crore for the fourth quarter ended March 31, 2017. The consolidated revenue from operation rose by 3.44 per cent to Rs 17,120 crore in Q4 FY17 from Rs 16,550 crore in Q4 FY16. Reacting to Q4 earnings, shares of company

Adani Power tanks 5% as SC disallows tariff relief

Shares of Adani Power fell nearly 6 per cent on the Bombay Stock Exchange after the Supreme Court shoots down any relief to the company in the contentious issue of compensation to its power plants. Weighed down by the development, shares of company declined as much as 5.77 per cent to hit an intra-day low of Rs 35.05 apiece on the Bombay Stock Exchange.

The scrip was currently trading

Cairn India hits 52-week high as merger become effective

Shares of Cairn India soared over 3 per cent, hitting fresh 52-week high, on the Bombay Stock Exchange after the company said that the merger with Vedanta pursuant to the scheme of arrangement has become effective. Following the announcement, shares of company gained as much as 3.10 per cent to hit 52-week high of Rs 313.05 apiece on the Bombay Stock Exchange.

The scrip was currently

Muthoot Capital Services hits 52-week high on bonus issue plan

Shares of Muthoot Capital Services jumped over 17 per cent, hitting fresh 52-week high, on the Bombay Stock Exchange after the company said that its board would consider the issue of bonus shares to its members at their meeting to be held on April 18, 2017. Following the announcement, shares of company gained as much as 17.59 per cent to hit 52-week high of Rs 429.00 apiece on the Bombay Stock

Berger Paints surges over 5% on deal with Japan’s CMP

Shares of Berger Paints India jumped over 5 per cent on the Bombay Stock Exchange after the company entered into a Memorandum of Understanding with Japan’s Chugoku Marine Paints (CMP) for cooperation and collaboration in the field of marine and related industrial paints in India. Boosted by the development, shares of company gained as much as 5.58 per cent to hit an intra-day high of Rs 2

Goa Carbon hits 52-week high on robust Q4

Shares of Goa Carbon rallied nearly 18 per cent, hitting fresh 52-week high, on the Bombay Stock Exchange after the company posted a standalone net profit of Rs 5.08 crore for the fourth quarter ended March 2017 (Q4FY17), compared to Rs 41 lakh in the same quarter last year. Buoyed by strong Q4, shares of company gained as much as 17.70 per cent to hit 52-week high of Rs 154.90 apiece on the Bo

Unitech zooms over 8% after court grants interim bail to promoters

Shares of Unitech jumped over 8 per cent on the Bombay Stock Exchange after media report suggested that a local court on Monday granted interim bail to company's promoters, Sanjay Chandra and Ajay Chandra, for three months.

According to media reports, both are accused of cheating buyers who had booked flats in his real-estate project in Greater Noida. Following the announcement, s

ITC rises over 2% on plans to expand juice portfolio

Shares of fast-moving consumer goods major ITC jumped over 2 per cent on the Bombay Stock Exchange after the company said that it is expanding its juice portfolio with target to achieve around 20 per cent market share in five years in the packaged fruit juice segment. The company has roped bollywood actress Shilpa Shetty Kundra as the new brand ambassador for B Natural Juices and Beverages, ITC

SpiceJet soars nearly 3% after Ajay Singh settles Sebi case

Shares of low-cost carrier SpiceJet jumped nearly 3 per cent on the Bombay Stock Exchange after company’s chairman Ajay Singh settled alleged proceedings against him with Sebi by paying Rs 2.02 lakh fine to regulator. Buoyed by the development, shares of firm gained as much as 2.88 per cent to hit intra-day high of Rs 99.80 apiece on the Bombay Stock Exchange. Currently, stocks were tradi

Bhushan Steel tanks nearly 4% post clarification on loan restructuring

Shares of Bhushan Steel tumbled nearly 4 per cent on the Bombay Stock Exchange after the company declined media report claims that it has got Scheme for Sustainable Structuring of Stressed Assets (S4A) from RBI. In a clarification to exchange, the company said that we are dealing with banks on regular basis and filing of such scheme is routine of the company as it is trying to settles its debt

Archies surges over 9% as Equity Intelligence buys stake

Shares of Archies rallied over 9 per cent, hitting 52-week high, on the Bombay Stock Exchange after Equity Intelligence India acquired more than one per cent stake in the New Delhi-based company through open market transaction. Buoyed by the development, shares of firm gained as much as 9.38 per cent to hit intra-day high of Rs 36.70 apiece on the Bombay Stock Exchange.

Currently, sto

Tayo Rolls spikes over 11% on allotment of pref shares to Tata Steel

Shares of Tayo Rolls rallied over 11 per cent on the Bombay Stock Exchange after the company said that it has decided to allot redeemable preference shares worth Rs 2 crore to Tata Steel Limited, promoter on preferential basis. Cheering the news, shares of firm gained as much as 11.03 per cent to hit intra-day high of Rs 62.40 apiece on the Bombay Stock Exchange.

“The committee

Bhushan Steel zooms over 13% on buzz over loan restructuring

Shares of Bhushan Steel rallied over 13 per cent, hitting 52-week high, on the Bombay Stock Exchange after Business Standard reported that the steel maker has got Scheme for Sustainable Structuring of Stressed Assets (S4A) from RBI and has submitted final proposal for debt restructuring under this scheme.

Cheering the news, shares of firm gained as much as 13.17 per cent to hit intra-

Welspun India soars over 8% on rating upgrade

Shares of Welspun India surged over 8 per cent on the Bombay Stock Exchange after global rating agency Credit Suisse initiated coverage with ‘outperform’ rating and set a target of Rs 115 per share. Buoyed by the development, shares of firm gained as much as 8.19 per cent to hit intra-day high of Rs 91.10 apiece on the Bombay Stock Exchange.

In a similar fashion, stocks of

Neuland Lab tanks over 5% on USFDA notice

Shares of Neuland Laboratories tanked over 5 per cent on the Bombay Stock Exchange after the company said that the United States Food and Drug Administration (US FDA) has issued two observations, under form 483, to its manufacturing facility (unit 1) at Bonthapally, Hyderabad.

Reacting to the news, shares of firm declined as much as 5.19 per cent to hit intra-day low of Rs 1446.50 api

Religare Enterprises soars over 5% on divesting stake in RHI

Shares of Religare Enterprises jumped over 5 per cent on the Bombay Stock Exchange after the company said that it has entered in to definitive agreements with a consortium of investors led by True North Managers, an India based private equity Fund, to divest its entire stake in Religare Health Insurance Company Limited (RHI).

Following the announcement, shares of firm gained as much a

Avenue Supermarts extends rally; scrip jumps 7%

Shares of Avenue Supermarts continued gaining momentum on Monday and rallied over 7 per cent, hitting fresh 52-week high, on the Bombay Stock Exchange after rating agency CRISIL upgraded its ratings on the long-term bank facilities and non-convertible debentures of the company to ‘CRISIL AA/Stable’ from ‘CRISIL AA-/Positive’.

The company, which runs a chain of

Sobha tumbles over 9% on promoter stake sale

Shares of real estate developer Sobha tumbled over 9 per cent, hitting 52-week low, on the Bombay Stock Exchange after the company said that its promoter Sobha Menon sold 4.15 per cent stake in the company through open market transaction.

Weighed down by the development, shares of Bangalore-headquartered firm declined as much as 9.08 per cent to hit intra-day low of Rs 377.80 apiece o

Airtel, Idea Cellular up after TRAI asks Jio to withdraw summer offer

Shares of telecom companies such as, Bharti Airtel and Idea Cellular, were trading higher in early trade on Friday after Telecom Regulatory Authority of India asked Mukesh Ambani-owned company to withdraw Reliance Jio’s summer surprise offer.

Reliance Jio on Thursday said that it has withdrawn its Summer Surprise offer nnnounced last week to comply with the Telecom Regulatory Au

Ashoka Buildcon jumps over 9% on winning new contract

Shares of Ashoka Buildcon rallied over 9 per cent in early trade on the Bombay Stock Exchange after the company said that it has received letter of award from Mumbai International Airport Pvt. Ltd. (MIAL) for combined land parcels in Mumbai. Buoyed by the development, shares of company gained as much as 9.73 per cent to hit intra-day high of Rs 231.55 apiece on the Bombay Stock Exchange.

Avenue Supermarts hits record high on CRISIL ratings

Shares of Avenue Supermarts jumped over 5 per cent, hitting fresh 52-week high, on the Bombay Stock Exchange after rating agency CRISIL upgraded ratings its ratings on the long-term bank facilities and non-convertible debentures of the company to ‘CRISIL AA/Stable’ from ‘CRISIL AA-/Positive’. The company, which runs a chain of retail stores under the D-Mart brand, had ma

RIL dips nearly 2% on TRAI order to withdraw summer surprise offer

Shares of Reliance Industries dipped nearly 2 per cent in early trade on the Bombay Stock Exchange after Telecom Regulatory Authority of India asked Mukesh Ambani-owned company to withdraw Reliance Jio’s summer surprise offer. Reliance Jio on Thursday said that it has withdrawn its Summer Surprise offer nnnounced last week to comply with the Telecom Regulatory Authority of India’s a