IT stocks fall over 5% on Trump`s H1B visa-policy

Shares of IT companies were bleeding in red on the Bombay Stock Exchange after media report suggested that US President Donald Trump is expected to sign a new order aimed at strangulating work-visa programmes which is likely to severely impact Indian IT industry.

Reacting to the news, IT index tumbled 3.54 per cent, or 350.12 points, to trade at 9528.76 on the BSE at 12:20 hours. Amon

Bharti Infratel hits 52-week low on bourses

Shares of Bharti Infratel extended losses for the second straight session on Tuesday and plunged over 12 per cent, hitting 52-week low, on the Bombay Stock Exchange, after UK-based Vodafone confirmed that it is in talks for an all-stock merger with Mumbai-based telecom operator.

Extending previous session losses, shares of company declined as much as 12.60 per cent to hit intra-day lo

Poly Medicure hits 52-week high on bonus issue

Shares of Poly Medicure spiked over 12 per cent, hitting 52-week high, on the Bombay Stock Exchange after medical devices manufacturer and exporter said that its board will meet on February 6, to consider the issue of bonus shares and interim dividend.

Following the announcement, shares of company gained as much as 12.03 per cent to hit 52-week high in intra-day trade to Rs 208.00 api

V-Guard Ind jumps nearly 8% on robust Q3

Shares of V-Guard Industries jumped nearly 8 per cent on the Bombay Stock Exchange after the company reported 30 per cent year on year (YoY) jump in net profit at Rs 28 crore for the quarter ended December 2016.

Besides, the board of the company has also recommended the issue of bonus shares in the ratio of 2:5, i.e., (two shares for every five shares held). Boosted by the development

Idea Cellular continues gaining spree; zooms 14%

Shares of Idea Cellular extended rally for the eighth straight session on Tuesday and rallied over 14 per cent amid buzz that rival Vodafone India is in talks for an all-stock merger with Mumbai-based telecom operator.

Extending rally on merger buzz, shares of company gained as much as 14.03 per cent to hit intra-day high of Rs 111.70 apiece on Bombay Stock Exchange. In a similar fash

Idea Cellular extends rally on merger talks

Shares of Mumbai-based telecom operator Idea Cellular continued their gaining streak for the seventh straight session on Monday and rallied over 9 per cent after media reports suggested that rival Vodafone India is in merger talks with Idea Cellular.

Extending rally on merger buzz, shares of company gained as much as 9.25 per cent to hit intra-day high of Rs 85.00 apiece on Bombay Sto

JSPL jumps over 5% on securing coal linkage from CIL

Shares of Jindal Steel & Power Ltd (JSPL) surged over 5 per cent on the Bombay Stock Exchange after the company said that it has secured long term coal linkage from Coal India. “The company has secured long term coal linkage of a total quantity of 0.5 million tonnes per annum for the next 5 years in the recently concluded coal linkage auction under Sponge Iron sub-sector, conducted by

Bharat Electronics extends rally on dividend issue

Shares of Bharat Electronics continued their gaining streak on Monday and rallied over 5 per cent, hitting 52-week high, on the Bombay Stock Exchange after its board declares interim dividend and approves sub-division of equity shares.

The company has declared interim dividend of Rs 3 per equity share for the financial year 2016-17, while its board has approved sub-division of existin

Tata Coffee dips nearly 4% on disappointing Q3

Shares of Tata Coffee fell nearly 4 per cent on the Bombay Stock Exchange after the Tata group company reported a decline of 3.41 per cent in consolidated net profit at Rs 41.01 crore during the third quarter ended December 31, 2016, as compared to Rs 42.46 crore in the year-ago period.

Weighed down by Q3 earnings, shares of company declined as much as 3.87 per cent to hit intra-day l

Wipro dips nearly 2% post Q3

Shares of Wipro fell nearly 2 per cent on the Bombay Stock Exchange after the country’s third largest software exporter reported a 5.7 per cent year-on-year decline in consolidated net profit at Rs 2,109.6 crore for the third quarter ended December 31, 2016, as employee costs and technical fees rose.

Weighed down by Q3 earnings, shares of company declined as much as 1.61 per cen

Dredging Corporation jumps over 3% on winning contract

Shares of Dredging Corporation of India rose over 3 per cent on the Bombay Stock Exchange after the company said that it has bagged 102 crore international contract for dredging in Pussur Channel from Mongla Port to Rampal Power Plant, Bangladesh.

Following the announcement, shares of company gained as much as 3.60 per cent to hit intra-day high of Rs 496.20 apiece on Bombay Stock Exc

IIFL Holdings zooms over 11% on robust Q3

Shares of IIFL Holdings rallied over 11 per cent on the Bombay Stock Exchange after the company reported a 41.34 per cent growth in its consolidated net profit after tax at Rs 179.06 crore for the quarter ended December 2016 (Q3FY17), compared to Rs 126.70 crore in the year ago period.

Buoyed by Q3 earnings, shares of company gained as much as 4.13 per cent to hit intra-day high of Rs

GAIL India jumps nearly 4% on bonus and dividend issue

Shares of GAIL (India) surged nearly 4 per cent on the Bombay Stock Exchange after the state-run company said that its board has recommended the issuance of one bonus share of Rs 10 for existing three equity shares of Rs 10 each fully paid up, subject to the shareholders’ approval.

Besides, the board has also approved payment of interim dividend for the FY 2016-17 at 85 per cent

Bharat Financial Inclusion zooms over 11% on robust Q3

Shares of Bharat Financial Inclusion rallied over 11 per cent on the Bombay Stock Exchange after the company’s net profit jumped nearly 80 per cent to Rs 143 crore in the third quarter of 2016-17, compared to Rs 79.50 crore in the year ago period.

Boosted by Q3 earnings, shares of company (formerly SKS Microfinance) gained as much as 11.52 per cent to hit intra-day high of Rs 75

Sona Koyo hits 52-week high on strong volume

Shares of Sona Koyo Steering Systems rallied over 17 per cent, hitting 52-week high, on the Bombay Stock Exchange amid surge in volume after media reported that the company’s co-promoter JTEKT Corporation is planning to acquire Indian partner stake in the company.

Riding high on media reports, shares of company gained as much as 17.45 per cent to hit 52-week high in intra-day tr

Infibeam hits 52-week high on issuing warrants to Bennett Co

Shares of Infibeam Incorporation zoomed over 13 per cent, hitting 52-week high, on the Bombay Stock Exchange after its board approved issue of warrants to Bennett Coleman and Company on preferential issue-basis at a conversion price of Rs 1,375 per equity share.

Following the announcement, shares of company gained as much as 13.52 per cent to hit 52-week high in intra-day trade to Rs

Biocon soars over 5% on robust Q3

Shares of Biocon surged over 5 per cent on the Bombay Stock Exchange after the biotechnology major reported a 64.55 per cent rise in its consolidated net profit to Rs 171.3 crore for the third quarter ended December 31, led by robust growth of biologics business.

Driven by Q3 earnings, shares of company gained as much as 5.06 per cent to hit intra-day high of Rs 1049.00 apiece on Bomb

Bharti Airtel dips nearly 4% post Q3

Shares of Bharti Airtel fell nearly 4 per cent on the Bombay Stock Exchange after the telecom major reported nearly 55 per cent decline in its consolidated net profit at Rs 503.7 crore for the third quarter ended December 31, 2016, as against Rs 1,108.1 crore in the same period a year ago.

Weighed down by Q3 earnings, shares of company tanked as much as 3.82 per cent to hit intra-day

Karnataka Bank tumbles over 6% on weak Q3

Shares of Karnataka Bank nosedived over 6 per cent on the Bombay Stock Exchange after the bank reported a decline of 29.3 per cent in its standalone net profit at Rs 68.52 crore for the third quarter ended December 31, 2016, as higher allocation to cover bad loans eroded benefits.

Weighed down by weak Q3, shares of bank declined as much as 6.42 per cent to hit intra-day low of Rs 112.

MOIL dips over 4% on stake sale

Shares of MOIL fell over 4 per cent on the Bombay Stock Exchange after the company announced its intention to sell up to 1.34 crore equity shares of the company through offer for sale (OFS). Weighed down by the development, shares of company declined as much as 4.05 per cent to hit intra-day low of Rs 367.20 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of state-run fi

Cyient jumps nearly 6% on acquisition of Certon Software

Shares of Cyient surged nearly 6 per cent on the Bombay Stock Exchange after the company said that Cyient Inc., USA, a wholly owned subsidiary of the company, has signed a definitive agreement to acquire 100 per cent equity in Certon Software Inc., Melbourne, Florida, USA, in an all cash transaction.

This transaction will further strengthen the automation in its key vertical Aerospace

HUL tanks over 2% post Q3

Shares of FMCG major Hindustan Unilever Ltd dipped over 2 per cent on the Bombay Stock Exchange after the company said that its third quarter earnings were impacted by adverse liquidity conditions. The company has reported a lower-than-expected growth of 6.8 per cent in its standalone net profit after tax at Rs 1,037.93 crore for the October-December quarter of FY17.

Following the Q3

HCL Technologies falls over 3% post Q3

Shares of HCL Technologies tumbled over 3 per cent on the Bombay Stock Exchange after the IT major reported a 7.8 per cent rise in consolidated net profit at Rs 2,070 crore for the third quarter ended December 2016.

Following Q3 earnings, shares of company declined as much as 3.05 per cent to hit intra-day low of Rs 831.00 apiece on Bombay Stock Exchange.

In a similar fashio

United Spirits jumps over 5% on robust Q3

Shares of United Spirits rose over 5 per cent on the Bombay Stock Exchange after the company reported more than double growth in its standalone net profit at Rs 148 crore for the third quarter ended December 31, 2016, compared to Rs 37 crore in year ago quarter.

Driven by strong earnings, shares of company gained as much as 5.58 per cent to hit intra-day high of Rs 2194.00 apiece on B

Amara Raja Batteries tanks 5% on weak Q3

Shares of Amara Raja Batteries tumbled 5 per cent on the Bombay Stock Exchange after the company reported a 17.90 per cent decliune in net profit at Rs 112.32 crore for the quarter ended December 31, 2016, as compared to Rs 136.82 crore during the same period a year ago.

Weighed down by weak Q3, shares of company dipped as much as 4.99 per cent to hit intra-day low of Rs 857.25 apiece