Sintex Industries zooms 85% amid heavy volume

Shares of Sintex Industries rallied nearly 85 per cent on the Bombay stock Exchange amid spurt in volume trade as its stock has started trading ex-scheme of arrangement with effect from today.

The company has fixed May 26, 2017 as the record date for the purpose of determination of entitlement for allotment equity shares as per the composite scheme of arrangement. Driven by volume tra

Kesar Enterprises zooms 10% on strong Q4

Shares of Kesar Enterprises rallied 10 per cent on the Bombay stock Exchange after the company reported net profit of Rs 40.89 crore in Q4FY17, compared to net loss of Rs 1.43 crore in the corresponding quarter of previous fiscal, driven by rise in operating income.

Extending previous session rally, shares of the company gained as much as 10 per cent to hit intra-day high of Rs 112.20

Lupin falls nearly 8% as Q4 profit declines

Shares of Lupin plunges nearly 8 per cent on the Bombay stock Exchange after the company reported a sharp fall of 49.2 per cent in its consolidated net profit after taxes (PAT) at Rs 380.21 crore for the January-March quarter of FY17, hurt by decline in US sales and one-time provisioning for patent litigation.

Reacting to results, shares of the company declined as much as 7.65 per cen

Gujarat Gas dips nearly 4% on weak Q4

Shares of Gujarat Gas tumbled nearly 4 per cent cent on the Bombay stock Exchange after the company reported a decline of 53.77 per cent in its net profit at Rs 33.14 crore for the quarter ending March 31, compared to Rs 71.69 crore in the same quarter last year.

Reacting to weak Q4, shares of the company declined as much as 3.85 per cent to hit intra-day low of Rs 721.60 apiece on th

Dish TV plunges nearly 16% on disappointing Q4

Shares of Dish TV India nosedived nearly 16 per cent on the Bombay stock Exchange after the company reported a consolidated net loss Rs 28.33 crore for the quarter ended March 31, 2017 compared to net profit of Rs 482.77 crore in the year ago period.

Weighed down by weak Q4, shares of the company declined as much as 15.89 per cent to hit intra-day low of Rs 77.25 apiece on the Bombay

Punjab Alkalies tanks over 10% on weak Q4

Shares of Punjab Alkalies & Chemicals nosedived over 10 per cent on the Bombay stock Exchange after its business took a dip during the Janaury-March quarter of financial year 2016-17. “The company’s net loss widened to Rs 7.5 crore during the fourth quarter ended March 31, 2017, compared to net loss of Rs 0.18 crore during the same quarter last year,” said Punjab Alkalies

RCOM hits 52-week low on rating downgrade

Shares of Reliance Communications (RCOM) plunged nearly 10 per cent, hitting 52-week low, on the Bombay stock Exchange after the rating agencies, CARE and ICRA downgraded ratings of the company’s bonds, citing the pressure it faces in Indian telecom market. Weighed down by rating downgrade, shares of the company declined as much as 9.64 per cent to hit 52-week low of Rs 25.30 apiece on th

Jubilant Life Sciences zooms over 12% on strong Q4

Shares of Jubilant Life Sciences spiked over 12 per cent on the Bombay stock Exchange after the company reported a jump of over thirteen-fold year-on-year in its consolidated net profit at Rs 149.03 crore for the January-March quarter ended March 31, 2017. Boosted by strong Q4, shares of the company gained as much as 12.45 per cent to hit intra-day high of Rs 762.70 apiece on the Bombay Stock E

Videocon Ind extends losses; scrip hits fresh 52-week low

Shares of Videocon Industries continued losing streak for the third day, falling 10 per cent and locked in lower circuit on the Bombay stock Exchange amid surge in the volume trade. The company is set to announce its financial results for the quarter ended March 31, 2017 on Friday.

Extending previous session losses, shares of the company declined as much as 9.95 per cent to hit fresh

Voltas hits 52-week high on robust Q4

Shares of Voltas rallied over 10 per cent, hitting 52-week high, on the Bombay stock Exchange after the air conditioning and refrigeration company reported 22 per cent year-on-year growth in its consolidated net profit at Rs 200 crore in the March quarter (Q4FY17). Boosted by strong Q4, shares of the company gained as much as 10.12 per cent to hit 52-week high of Rs 451.25 apiece on the Bombay

Tata Motors jumps over 5% as Q4 beats estimates

Shares of Tata Motors rallied over 5 per cent on the Bombay stock Exchange after the auto major reported higher-than-expected consolidated net profit after tax of Rs 4,366 crore during the fourth quarter ended March 31, 2017.

Following Q4 earnings, shares of the company gained as much as 5.07 per cent to hit intra-day high of Rs 472.95 apiece on the Bombay Stock Exchange. The scrip wa

Shree Cement dips nearly 2% on bourses

Shares of Shree Cement fell nearly 2 per cent on the Bombay stock Exchange after the Indian cement manufacturer announced to invest Rs 1,000 crore for construction of two greenfield projects; one in Raghunathpur region in West Bengal and the other near Cuttack in Odisha.

Following the announcement, shares of the company declined as much as 1.76 per cent to hit intra-day low of Rs 1834

ITC extends rally; scrip hits fresh 52-week high

Shares of FMCG major ITC zoomed nearly 5 per cent, hitting 52-week high, on the Bombay stock Exchange after the finance minister-led Goods and Services Tax (GST) Council approved the GST rates for goods at nil rate, 5 per cent, 12 per cent, 18 per cent and 28 per cent to be levied on certain goods. Boosted by the development, shares of the company gained as much as 4.89 per cent to hit fresh 52

United Spirits zooms over 8% on robust outlook

Shares of United Spirits spiked over 8 per cent on the Bombay stock Exchange amid surge in volume trade after the company’s CEO Anand Kripalu made a positive comment on its outlook, soothing the investors nerves about many states banning liquor, and the Supreme Court banning sale of alcohol on national and state highways.

Extending previous session rally, shares of the company g

Suzlon Energy hits 52-week high on robust Q4

Shares of Suzlon Energy rallied over 8 per cent, hitting 52-week high, on the Bombay stock Exchange amid surge in volume trade after the company reported consolidated net profit of Rs 579 crore for the March quarter, compared with loss of Rs 334 crore a year earlier. Driven by strong Q4, shares of the company gained as much as 8.27 per cent to hit 52-week high of Rs 22.25 apiece on the Bombay S

Motherson Sumi hits 52-week high on capex plan of Rs 2,000 cr

Shares of Motherson Sumi Systems jumped over 4 per cent, hitting 52-week high, on the Bombay stock Exchange after the company announced capital expenditure of Rs 2,000 crore for the current fiscal. Boosted by the development, shares of the company gained as much as 4.14 per cent to hit 52-week high of Rs 440.00 apiece on the Bombay Stock Exchange.

The scrip was currently trading at Rs

Bank of Baroda shares up post Q4 profit

Shares of Bank of Baroda grew on the Bombay Stock Exchange (BSE) after the public sector lender reported its net profit after tax at Rs 155 crore in Q4 of FY 2017. It had posted a net loss of Rs 3,230 crore in corresponding quarter of previous fiscal.

Cheering the bank’s performance in Q4, shares of the bank rose 0.88 per cent to Rs 189.40 apiece on Bombay Stock Exchange at 14:4

Hindustan Unilever shares up on GST boost

Shares of Hindustan Unilever rose over 1 per cent on the Bombay Stock Exchange (BSE) after the GST Council finalized tax rates for bulk of the items except 6 categories. Items such as cereals, which were taxed earlier at 5 per cent, will now be zero-rated. Coffee, sugar, tea and edible oil will attract a lower GST rate of 5 per cent.

Capital goods, a key asset for the manufacturing se

ITC rises over 3% on GST boost

Shares of ITC jumped over 3 per cent on the Bombay Stock Exchange (BSE) after the GST Council finalized tax rates for bulk of the items except 6 categories.

Cigarette maker ITC's shares were in focus as the GST rates sprung no surprises for market and traders looked for clarity over tax on tobacco under the new indirect tax regime.

Cheering the news, shares of the compan

United Bank rises over 3% after Rs 73.56 cr profit in Q4

Shares of United Bank of India jumped over 3 per cent on the Bombay Stock Exchange (BSE) after the state-owned lender reported its standalone net profit after tax at Rs 73.56 crore in the January-March quarter of FY 2017.

The bank had posted a standalone net loss of Rs 413.04 crore in corresponding quarter of previous fiscal, United Bank of India said in a filing to the BSE. Cheering

Tata Coffee rises over 3% post Q4

Shares of Tata Coffee jumped over 3 per cent on the Bombay stock Exchange after it reported over three-fold jump in consolidated net profit to Rs 45.69 crore for the quarter March 2017. Its net profit stood at Rs 13.65 crore in the year-ago period,ended  the company said in a regulatory filing.

The company's total income from operations remained flat at Rs 407 crore. During t

United Breweries drops after Q4 net slips sharply

Shares of United Breweries fell over 2 per cent on the Bombay Stock Exchange (BSE) after the company reported a drop of 87.1 per cent in its standalone net profit after taxes (PAT) at Rs 6.73 crore for the fourth quarter ended March 31, 2017, hit by higher expenses.

The standalone PAT of the company stood at Rs 52.37 crore during the same period a year ago,” United Breweries Ltd

IOB slips over 4% despite Q4 loss narrows

Shares of Indian Overseas Bank (IOB) fell over 4 per cent on the Bombay Stock Exchange (BSE) even as the bank reported its standalone net loss narrowed to Rs 646.66 crore during the fourth quarter ended March 31, 2017. The bank had posted a standalone net loss of Rs 936.19 crore in the corresponding quarter of previous fiscal, said Indian Overseas Bank in a filing to the BSE.

Despite

JK Lakshmi Cement plunges over 6% after Q4 net dips

Shares of JK Lakshmi Cement Ltd fell over 6 per cent on the Bombay Stock Exchange (BSE) after the company reported a fall of 19.4 per cent in it’s standalone net profit after taxes (PAT) at Rs 20.85 crore for the January-March quarter of FY17, hurt by increase in input costs.

The standalone net profit of the company stood at Rs 25.87 crore during the same period a year ago,&rdqu

Hindustan Organic Chemicals spikes after CCEA approves restructuring plan

Shares of Hindustan Organic Chemicals soared nearly 5 per cent on the Bombay stock Exchange after Cabinet Committee on Economic Affairs (CCEA) has approved a restructuring plan of the company under the Department of Chemicals & Petrochemicals.

The restructuring plan involves closing down the operations of all the non-viable plants at Rasayani unit of HOCL except Di-Nitrogen Tetrox