Unitech rebounds over 8% on firm`s clarification

Reversing previous day losses, shares of Unitech rebounded over 8 per cent on the Bombay Stock Exchange after the company clarified that its Managing Director (MD) Sanjay Chandra and his brother committed no fraud with any investor and the delay in project delivery was due to reasons beyond control of the company. The Delhi court had send company’s managing directors, Sanjay Chandra and A

Cyient surges over 9% on deal with Amdocs

Shares of Cyient rallied over 9 per cent on the Bombay Stock Exchange amid hopes that the company said that it has entered into pact with Amdocs to implement GE’s Geographical Information System (GIS), Smallworld, as a part of the Next-generation business/operations support system (NGBOSS) project for NetLink Trust.

Following the announcement, shares of company gained as much as

Titan hits record high on hopes of robust Q4

Shares of Titan company jumped over 5 per cent, hitting fresh 52-week high, on the Bombay Stock Exchange amid hopes that the company would report strong earnings in January-March quarter on improved demand and sales.

Driven by strong Q4 earnings hopes, shares of company gained as much as 5.66 per cent to hit 52-week high of Rs 486.50 apiece on the Bombay Stock Exchange. In a similar f

Aditya Birla Money hits 52-week high on strong volume

Shares of Aditya Birla Money rallied nearly 20 per cent, hitting 52-week high, on the Bombay Stock Exchange amid spurt in volume trade after media report suggested that Aditya Birla Idea Payments Bank had received licence from the Reserve Bank of India (RBI) to set up a payments bank. Cheering the news, shares of company gained as much as 19.88 per cent to hit 52-week high of Rs 39.80 apiece on

TVS Motor jumps nearly 3% on March sales

Shares of TVS Motor Company soared nearly 3 per cent on the Bombay Stock Exchange after two-wheeler manufacturer company reported a 10.24 per cent rise in sales at 256,341 units for March compared to 232,517 units in the same month last year. Boosted by the development, shares of company gained as much as 2.89 per cent to hit an intra-day high of Rs 447.80 apiece on the Bombay Stock Exchange.

Jet Airways rises nearly 3% on cut in jet fuel prices

Shares of Jet Airways India soared nearly 3 per cent on the Bombay Stock Exchange after price of jet fuel or Aviation Turbine Fuel (ATF) was slashed by Rs 2,811.38 per kiloliter with effect from April 1. Boosted by the development, shares of company gained as much as 2.66 per cent to hit an intra-day high of Rs 539.95 apiece on the Bombay Stock Exchange.

In a similar fashion, stocks o

Liquor ban effect: United Spirits tumbles nearly 8%

Shares of United Spirits dipped nearly 8 per cent on the Bombay Stock Exchange after the Supreme Court order ban on liquor sales close to the national and state highways. Weighed down by the development, shares of company declined as much as 7.88 per cent to hit intra-day low of Rs 2002.00 apiece on the Bombay Stock Exchange.

In a similar fashion, stocks of company slipped 5.86 per ce

RIL shares hit 9-yr high as Jio garners 72 mn paid users

Shares of Reliance Industries jumped over 4 per cent, hitting record 9-years high, on the Bombay Stock Exchange after its telecom arm, Reliance Jio, becomes largest broadband provider with 72 mn users. Boosted by the development, shares of company gained as much as 4.6 per cent to hit fresh 9-year high of Rs 1380.00 apiece on the Bombay Stock Exchange.

In a similar fashion, stocks of

Indoco Remedies tanks over 16% on USFDA warning for Goa unit

Shares of Indoco Remedies plunged over 16 per cent on the Bombay Stock Exchange after the drug maker said that it has received US FDA warning letter for its Goa plant. Weighed down by the development, shares of company declined as much as 16.38 per cent to hit intra-day low of Rs 209.00 apiece on the Bombay Stock Exchange.

In a similar fashion, stocks of company slipped 9.63 per cent

Unitech plunges 20 % as court sends owners to police custody

Shares of real estate firm Unitech nosedived nearly 20 per cent on the Bombay Stock Exchange after Delhi court send company’s Managing Director (MD) Sanjay Chandra and his brother on two-day custody remand of Chandra to the Delhi Police. According to media reports, both are accused of cheating buyers who had booked flats in his real-estate project in Greater Noida.

Reacting to t

LT Foods surges over 9% on strong outlook for industry

Shares of LT Foods rallied over 9 per cent on the Bombay Stock Exchange amid hopes that the Union Cabinet may remove all quantitative ceilings on exports of organic agricultural and processed products.

Boosted by the development, shares of company gained as much as 9.28 per cent to hit an intra-day high of Rs 67.65 apiece on Bombay Stock Exchange. In a similar fashion, stocks of compa

Jindal Steel jumps over 4% on pref allotment to promoters

Shares of Jindal Steel & Power soared over 4 per cent on the Bombay Stock Exchange after the company said that its board approved issue of 4.80 crore convertible warrants to Opelina Finance and Investments, a promoter group entity on preferential basis, subject to shareholders’ approval and other regulatory approvals. Following the announcement, shares of company gained as much as 4.1

CL Educate makes weak debut; lists at 21% discount

Shares of CL Educate made a disappointing debut at the Bombay Stock Exchange (BSE) today, falling 21 per cent against the issue price of Rs 502. The stock listed on BSE at Rs 398. Later, it touched an intra-day high and intra-day low of Rs 417.90 and Rs 398.00 respectively. The company’s IPO was oversubscribed 1.90 times, with qualified institutional buyers (QIBs) category getting oversub

Dilip Buildcon gains nearly 3% on winning new orders

Shares of Dilip Buildcon rose nearly 3 per cent on the Bombay Stock Exchange after the company said that it has bagged three projects valued at Rs 3269 crore by NHAI in Maharashtra. Following the announcement, shares of company gained as much as 2.88 per cent to hit an intra-day high of Rs 351.35 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company were up 2.20 per

Kalpataru Power rises over 3% on bagging new order

Shares of Kalpataru Power Transmission jumped over 3 per cent on the Bombay Stock Exchange after the company said it has bagged new orders worth Rs 1,200 crore. Boosted by the development, shares of company gained as much as 3.39 per cent to hit an intra-day high of Rs 319.90 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company were up 2.97 per cent to trade at Rs

Kellton Tech jumps over 5% on acquiring Lenmar Group

Shares of Aurobindo Pharma soared over 5 per cent on the Bombay Stock Exchange after the company said that it has acquired US-based Lenmar Group of Companies, a global IT services and solutions group with a commanding presence in banking and financial services space.

Following the announcement, shares of company gained as much as 5.45 per cent to hit an intra-day high of Rs 132.50 api

Aurobindo Pharma rises on USFDA nod for HIV drug

Shares of Aurobindo Pharma advanced over 1 per cent on the Bombay Stock Exchange after the drug maker said that it has receives US FDA approval for abacavir sulfate and lamivudine tablets used in the treatment of HIV.

Following the announcement, shares of company gained as much as 1.49 per cent to hit an intra-day high of Rs 681.50 apiece on Bombay Stock Exchange. In a similar fashion

Adani Ports hits 52-week high on rating upgrade

Shares of Adani Ports and Special Economic Zone rallied over 4 per cent, hitting 52-week high, on the Bombay Stock Exchange after global rating agency Credit Suisse affirmed ‘Outperform’ rating to the company.

Boosted by the development, shares of company gained as much as 4.5 per cent to hit fresh 52-week high in intra-day to trade at Rs 334.75 apiece on Bombay Stock Exch

Hathway Cable hits 52-week high on block deal

Shares of Hathway Cable & Datacom rallied nearly 10 per cent in early trade, hitting 52-week high, on the Bombay Stock Exchange amid block deal. According to data available with exchange, over 2.5 crore shares traded in a block deal at Rs 37.30 per share, compared with average daily volume of 28,000 shares in the past two weeks.

Driven by block deal, shares of company gained as mu

BSE Bank Index up 0.7% as Finance Minister assures to resolve NPA issue

Shares of PSU banking stocks extended rally for the second day on the Bombay Stock Exchange (BSE) after the Finance Minister Arun Jaitley assured to resolve the non-performing assets (NPA) issue soon. FM, though, did not disclose the timeline for the announcement, but asserted that the resolution may be arrived at a level higher than RBI's oversight panel, PTI reported.

Among the

Dishman Pharma hits record high on US FDA approval for cancer drug

Shares of Dishman Pharmaceuticals rallied over 15 per cent on the Bombay Stock Exchange after the drug maker said that its partner Tesaro Inc has received US Food and Drug Administration (FDA) approval for cancer drug Zejula capsules.

Extending previous session rally, shares of company gained as much as 15.56 per cent to hit fresh 52-week high in intra-day to trade at Rs 321.50 apiece

Bharti Infratel extends gain post stake sale plan by parent co

Shares of Bharti Infratel extended rally on Wednesday and spiked nearly 7 per cent on the Bombay Stock Exchange after parent company, Bharti Airtel, sold 10.3 per cent stake in the company to a consortium of global private equity firms KKR and Canada Pension Plan Investment Board (CPPIB).

Continuing its gaining momentum, shares of company rose as much as 6.79 per cent to hit intraday

SBI up over 2% on plan to hike stake in SBI Card

Shares of State Bank of India soared over 2 per cent on the Bombay Stock Exchange after the public sector lender said that it will increase its stake in SBI Card to 74 per cent by June end. In another development, the bank said that it would start merger process of five associates and Bharatiya Mahila Bank (BMB) from April 1, which is expected to be completed in three months.

Boosted

Axis Bank up over 2% on raising fund worth $10 mn

Shares of Axis Bank soared over 2 per cent on the Bombay Stock Exchange after the private sector lender said that it has raised senior notes aggregating to USD 10 million under the medium term note (MTN) programme through its Dubai International Financial Centre (DIFC) branch.

Boosted by the development, shares of bank gained as much as 2.58 per cent to hit intra-day high of Rs 499.80

Shriram EPC surges over 9% on winning new order

Shares of Shriram EPC spiked over 9 per cent on the Bombay Stock Exchange after the company said that it has bagged an order worth USD 107,760,000 from United Republic of Tanzania, Tanzania in JV with Larsen & Toubro. Boosted by the development, shares of company gained as much as 9.55 per cent to hit intra-day high of Rs 30.95 apiece on Bombay Stock Exchange.

In a similar fashion