Edelweiss Financial Services jumps over 4% on acquiring JP Morgan's fund schemes

Shares of Edelweiss Financial Services rose over 4 per cent in early trade on the Bombay Stock Exchange after the company said that its wholly owned subsidiary Edelweiss Asset Management Company has completed the acquisition of the onshore fund schemes managed by JPMorgan Asset Management India.

Following the announcement, shares of company gained as much as 4.50 per cent to hit intra

Tata Steel gains over 2% on signing LoI for UK specialty steel biz

Shares of Tata Steel rose over 2 per cent in early trade on the Bombay Stock Exchange after the company signed a letter of intent with Liberty House Group to enter into exclusive negotiations for sale of its Speciality Steels business for 100 million pounds. Following the announcement, shares of company gained as much as 2.51 per cent to hit intra-day high of Rs 417.35 apiece on Bombay Stock Ex

ARSS Infra jumps over 4% on winning new order

Shares of ARSS Infrastructure Projects rose over 4 per cent in early trade on the Bombay Stock Exchange after the company bagged a work order amounting to Rs 51.44 crores from North Central Railway. Following the announcement, shares of company gained as much as 4.40 per cent to hit an intra-day high of Rs 72.25 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company

Mahanagar Gas net clocks 41% at Rs 102.24 cr in September-quarter

Mumbai-based natural gas distribution company Mahanagar Gas Ltd has reported a jump of 40.9 per cent in its standalone net profit after tax at Rs 102.24 crore in the July-September quarter of FY 17. “The standalone net profit of the company stood at Rs 72.57 crore during the same period a year ago,” said Mahanagar Gas Ltd in a filing to the Bombay Stock Exchange on November 28, 2016

Sagar Cements zooms 18% on preferential issue plan

Shares of Sagar Cements rallied nearly 18 per cent on the Bombay Stock Exchange after the board of company fixed an issue price of Rs 800 per share for of 611,986 equity shares on preferential basis. “The board at its meeting held on November 28, 2016, has fixed an issue price of Rs 800 per equity share (which includes a premium of Rs 790 per share) for the 6,11,986 equity shares of Rs 10

Bank stocks under stress as RBI hikes CRR

Shares of financial companies faced selling pressure on Monday after the Reserve Bank of India (RBI) hiked the cash reserve ratio over the weekend. The central bank has introduced an incremental Cash Reserve Ratio (CRR), the percentage of cash deposits that banks have to maintain with RBI, of 100 per cent for the fortnight beginning Saturday. This means banks will have to keep more money with t

Hathway Cable nosedives nearly 7% as Q2 loss widens

Shares of Hathway Cable & Datacom plunged nearly 7 per cent on the Bombay Stock Exchange after the cable television service operator’s net loss widened to Rs 40.44 crore for the second quarter ended September 2016, compared to net loss of Rs 31.99 crore in the corresponding quarter last year.

Weighed down by Q2 earnings, shares of company declined as much as 6.79 per cent to

Bharti Airtel gains over 3% as arm hikes stake in Econet Wireless

Shares of Bharti Airtel rose over 3 per cent on the Bombay Stock Exchange after the telecom major said that its arm, International (Netherlands), has completed the acquisition of Econet Wireless' entire 4.2 per cent shareholding in Airtel Nigeria through a wholly-owned subsidiary. Following the announcement, shares of company gained as much as 3.57 per cent to hit intra-day high of Rs 311.6

Shilpa Medicare hits 52-week high on robust Q2

Shares of Shilpa Medicare rallied over 10 per cent, hitting 52-week high, on the Bombay Stock Exchange after the company reported robust earnings for the second quarter ended September 2016. The company reported a growth of 64 per cent in its consolidated net profit at Rs 38.24 crore for the second quarter ended September 30, 2016, compared to Rs 23.33 crore in the same quarter last fiscal.

Ujaas Energy extends rally; scrip zooms 10%

Shares of Ujaas Energy continued its gaining momentum and advanced 10 per cent, hitting 52-week high, on the Bombay Stock Exchange after the company reported nearly three-fold jump in net profit at Rs 9.7 crore for the quarter ended September 2016, compared to Rs 3.3 crore in the same period last year.

Following the robust Q2 earnings, shares of company rallied 84 per cent from Rs 25.

Bata India gains over 3% as net sales rises

Shares of Bata India advanced over 3 per cent on the Bombay Stock Exchange after the company reported that its standalone net sales rose by 2 per cent at Rs 583.40 crore during Q2 2016-17, as compared to Rs 574.50 crore during the same period last year. However, the footwear maker posted a year-on-year decline of 36.35 per cent in its standalone net profit at Rs 34.60 crore during July-Septembe

J Kumar Infra zooms over 18% on bagging metro projects

Shares of J Kumar Infraprojects rallied over 18 per cent on the Bombay Stock Exchange after the company said that it has signed agreement with Delhi Metro Rail Corporation (DMRC) worth of Rs 1,344.93 crore for phase-II of city metro and others of Rs 449.19 crores. Following the announcement, shares of company gained as much as 18.58 per cent to hit intra-day high of Rs 208.00 apiece on Bombay S

Jagran Prakashan rises over 6% on board nod to MBL IPO

Shares of Jagran Prakashan, a publisher company, rose over 6 per cent on the Bombay Stock Exchange after the company unveiled plan about proposed initial public offering of equity shares of its subsidiary, Music Broadcast. Boosted by the development, shares of company gained as much as 6.19 per cent to hit intra-day high of Rs 180.00 apiece on Bombay Stock Exchange.

In a similar fashi

Spicejet shares jump nearly 5% ahead of Q2

Shares of low-cost carrier Spicejet surges nearly 5 per cent on the Bombay Stock Exchange ahead of second quarter earnings report scheduled to release later in the day. Ahead of Q2 earnings, shares of company gained as much as 4.65 per cent to hit intra-day high of Rs 67.40 apiece on Bombay Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 26,148.45, up 288.28 points, o

Metal shares continue to shine; Hindalco hits 52-week highs

Shares of metal companies continued their gaining streak for the second day on Friday and rose over 2 per cent on the Bombay Stock Exchange, led by gains in index heavyweights, such as Hindalco Industries, Hindustan Zinc and National Aluminium Company (Nalco) hitting their respective 52-week high on the bourses. In line with benchmark indices, shares of Hindalco Industries gained as much as 2.3

IT index surges over 4%; Infy top gainer

Shares of Information Technologies companies were trading higher over 4 per cent on the Bombay Stock Exchange, led by gains in index heavyweights, such as Infosys, Tata Consultancy Services (TCS), HCL Technologies, after analysts opined that financial year 2017 will be better for the IT industry. According to Business Standard report, the calendar year 2017 will be better for the IT sector as t

Bata India hits 52-week low ahead of Q2

Shares of footwear maker Bata India fell over 4 per cent, hitting 52-week low, on the Bombay Stock Exchange as investors remained wary ahead of the September quarter results scheduled for Friday. Ahead of Q2 earnings, shares of company declined as much as 2.39 per cent to hit intra-day low of Rs 408.00 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company fell 1.88

Seamec surges over 5% on signing new contract

Shares of Seamec, India’s leading provider of diving support vessel (DSV), climbed over 5 per cent on the Bombay Stock Exchange after the company signed a contract for charter hire for vessel with Resolve Salvage and Fire (Asia). Following the announcement, shares of company gained as much as 5.23 per cent to hit intra-day high of Rs 85.40 apiece on Bombay Stock Exchange.

In a s

Oil India jumps over 4% on bonus issue; scrip hits 52-week high

Shares of Oil India surged over 4 per cent, hitting 52-week high, on the Bombay Stock Exchange after the state-run company said that its board would consider “Issue of Bonus Shares” in the board meeting scheduled to be held on November 28, 2016.

Following the announcement, shares of company gained as much as 4.38 per cent to hit intra-day high of Rs 446.00 apiece on Bombay

Jammu & Kashmir hits 52-week low on bourses

Shares of Jammu & Kashmir (J&K) Bank tumbled nearly 7 per cent, hitting 52-week low, on the Bombay Stock Exchange after media reported that the bank has terminated its tie-up with E-Resolute Consultancy & Services engaged for providing various online services to the public. Reacting to the news, shares of bank declined as much as 6.74 per cent to hit intra-day low of Rs 54.60 apiece

Hindustan Zinc rises over 5% on brokerage upgrade

Shares of Hindustan Zinc, an integrated mining and resources producer, surged over 5 per cent on the Bombay Stock Exchange on reports a brokerage has upgraded the stock to buy and revised target price. Boosted by rating upgrade, shares of company gained as much as 5.23 per cent to hit intra-day high of Rs 271.35 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company

Sun Pharma gains over 2% on acquiring stake in Russia’s Biosintez

Shares of Sun Pharmaceuticals Industries rose over 2 per cent on the Bombay Stock Exchange after the drug maker said that it has executed definitive agreements by its wholly owned subsidiary, for the acquisition of 85.1 per cent of JSC Biosintez, a Russian pharmaceutical company engaged in manufacture and marketing of pharmaceutical products in Russia and CIS region.

The equity consid

Adani Transmission rallies over 15% amid surge in volume trade

Shares of Adani Transmission, the transmission business arm of the Indian business conglomerate - Adani Group, zoomed over 15 per cent on the Bombay Stock Exchange amid surge in volume trade. Riding high on heavy volume, shares of company gained as much as 15.45 per cent to hit intra-day high of Rs 53.80 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company rose 14.

A2Z Infra Engineering zooms over 9% on winning new order

Shares of A2Z Infra Engineering jumped over 9 per cent in early trade on the Bombay Stock Exchange after the company said it has won a contract worth about Rs 41.33 crore from Chhattisgarh State Power Transmission Company Ltd for construction of 132 KV S/S Bijapur and associated EHV Line on turnkey basis.. Buoyed by the development, shares of company gained as much as 9.23 per cent to hit intra

Wockhardt hits 52-week low on warning from USFDA

Shares of Wockhardt tumbled over 4 per cent, hitting 52-week low, on the Bombay Stock Exchange after drug maker’s UK arm, CP Pharmaceuticals, received a warning letter from the US Food and Drug Administration (USFDA). Reacting to the news, shares of company declined as much as 4.43 per cent to hit intra-day low of Rs 659.00 apiece on Bombay Stock Exchange.

In a similar fashion,