HCC soars nearly 7% on RBI nod for S4A scheme

Shares of Hindustan Construction Company (HCC), a public-private company headquartered in Mumbai, surged nearly 7 per cent on the Bombay Stock Exchange after the company said that the Overseeing Committee of the Reserve Bank of India (RBI) has given its approval for the Scheme for Sustainable Structuring of Stressed Assets (S4A). The move has made HCC the first company to get an approval by the

Allahabad Bank falls nearly 3% on weak Q2

Shares of Allahabad Bank slipped nearly 3 per cent on the Bombay Stock Exchange after public sector lender reported that its net profit for the second quarter ended September 30, 2016 declined by 63.3 per cent at Rs 65 crore from the same period a year ago as income fell while provisions increased. Weighed down by Q2 earnings, shares of bank dipped as much as 2.77 per cent in intra-day to trade

Lupin jumps 8% receiving EIR report for Goa unit

Shares of Lupin surged 8 per cent on the Bombay Stock Exchange after the pharma major received Establishment Inspection Report (EIR) from the US health regulator for its Goa plant leading to closure of all outstanding inspections of the facility. Boosted by the development, shares of company gained as much as 8.01 per cent in intra-day to trade at Rs 1534.85 apiece on Bombay Stock Exchange.

ITC gains as brokerages upgrade stock after GST rates

Shares of ITC Ltd rose over 4 per cent on the Bombay Stock Exchange (BSE) after the government on Thursday announced that it would maintain the existing tax rate on GST as a combination of 28 per cent along with a cess on top of that. Post the government’s announcement, Credit Suisse said the council’s decision to levy 28 per cent tax (plus cess) on tobacco products will remove the

Sun Pharma plunges over 6%; hits 52-week low

Shares of Sun Pharmaceuticals Industries Ltd fell over 6 per cent on the Bombay Stock Exchange (BSE) after media reports that US prosecutors are conducting an investigation over price collusion. Reacting on the news, shares of the company dropped 6.20 per cent to Rs 661.30 apiece on Bombay Stock Exchange at 12:05 hours.

In a similar fashion, stocks of the company slide 6.14 per cent t

Sangam (India) gains on bagging export orders worth Rs 35 cr

Shares of Sangam (India) surged over 2 per cent on the Bombay Stock Exchange after the company announced that it has bagged new export orders amounting Rs 35 crore for polyester-viscose fabrics and denim. “The new export orders are from Egypt, Saudi Arabia, Latin American and Afghanistan and are to be executed in the next four months,” the company said in a filing to the Bombay Stoc

Shree Pushkar Chemicals rallies on commercial production of SOP

Shares of Shree Pushkar Chemicals & Fertilisers rallied nearly 14 per cent on the Bombay Stock Exchange after the company announced the start of commercial production of Sulphate of Potash (SOP) around end September 2016. On August 2016, the company had announced trial runs of the SOP plant, a soluble potassic fertiliser with a capacity of 10,000 MTA.

“Simultaneously along w

Mahindra & Mahindra soars on robust tractor sales in October

Shares of Mahindra & Mahindra (M&M) gained nearly 3 per cent on the Bombay Stock Exchange after the company after reporting a strong 61 per cent year on year (YoY) growth in total tractor sales at 45,177 units in October 2016. M&M’ Farm Equipment Sector (FES) sold total (domestic + exports) 27,280 units during October 2015, the company said in a statement. “This season&r

Moil zooms over 6% on price hike of manganese ore

Shares of Moil Ltd gained surged over 6 per cent on the Bombay Stock Exchange after the company hiked prices of various grades of manganese ore with effect from November 1, 2016. “The price have been increased by 30% on all Ferro Grades of ore, while prices have been increased by 25% on all grades of SMGR (Mn 30%) and SMGR Low (Mn 25%) on the existing prices prevailing since October 1, 20

Eicher Motors up 3% on robust October sales

Shares of Eicher Motors gained over 3 per cent on the Bombay Stock Exchange after the company registered 33 per cent growth in motorcycle sales (Royal Enfield) to 59,127 units in October 2016 compared to 44,522 units in the same month last year. Sales in the domestic market stood at 58,369 units as against 44,138 units in the same month last year, up 32.24 per cent.

Exports during the

Cadila Healthcare up ahead of presenting new data of Saroglitazar

Shares of Cadila Healthcare Ltd surged nearly 1 per cent on the Bombay Stock Exchange after the company said that new data of Saroglitazar will be presented at The Liver Meeting being held at Boston from 11 to 15 November 2016. Cadila Healthcare said that Saroglitazar (Lipaglyn), a novel agonist having predominant PPAR alpha activity, was launched in India as a prescription medicine for the tre

Strides Shasun gains on USFDA nod for Abacavir Tablets

Shares of Strides Shasun surged nearly 1 per cent on the Bombay Stock Exchange after the company said that it has received approval from the United States Food & Drug Administration (USFDA) for Abacavir Tablets USP, 300 mg. The US market for Abacavir is approximately $30 million according to IMS data. Abacavir Tablets is indicated for the treatment of HIV-1 infection in combination with oth

'Muhurat' trade session: Global cues, profit booking subdue markets

The Indian equity markets ceded their initial gains during the special "Muhurat" trade session on Sunday to close on a negative note.

The special trade session was held to mark the start of the Hindu New Year - Samvat 2073.

The annual one-hour special session was held between 6.30 p.m and 7.30 p.m.

Its trade began on a positive note. Howeve

JSW Steel gains over 2% as Q2 profit surges

Shares of JSW Steel rose over 2 per cent in early trade on the Bombay Stock Exchange after the company reported a multi-fold jump in consolidated net profit at Rs 726.46 crore for the quarter ended on September 30, 2016. Boosted by Q2 result, shares of company gained as much as 2.58 per cent in intra-day to trade at Rs 1678.15 apiece on Bombay Stock Exchange.

In a similar fashion, sto

Emami jumps nearly 6% on strong Q2

Shares of Emami soared nearly 6 per cent in early trade on the Bombay Stock Exchange after the FMCG major reported a 9.21 per cent increase in its consolidated net profit at Rs 66.11 crore for the second quarter ended September 30. Its total income from operations rose by 10.17 per cent to Rs 584.57 crore during the quarter under review as against Rs 530.6 crore in the same period a year ago.

NMDC rises over 2% on signing tripartile pact with MP Government

Shares of NMDC climbed over 2 per cent in early trade on the Bombay Stock Exchange after the company said that it has signed a tripartite pact with Government of Madhya Pradesh and Madhya Pradesh State Mining Corporation for geological and geophysical exploration for various minerals in the state. Following the announcement, shares of company gained as much as 2.19 per cent in intra-day to trad

Tech Mahindra surges nearly 7% post Q2

Shares of Tech Mahindra rallied nearly 7 per cent in early trade on the Bombay Stock Exchange even after the India’s leading IT company reported a 17.55 per cent decline in its consolidated net profit after taxes (PAT) at Rs 643.40 crore for the second quarter ended September 30, 2016. Following the Q2 result, shares of company gained as much as 6.94 per cent in intra-day to trade at Rs 9

Indian Hotels extends loss post Mistry’s exit; scrip falls nearly 13%

Shares of The Indian Hotels Company (IHCL), incorporated by the founder of the Tata group, continued their losing streak and plunged nearly 13 per cent on the Bombay Stock Exchange after Tata Sons removed Cyrus Pallonji Mistry as chairman of the conglomerate. The Exchange has sought clarification from the company with respect to news article appearing on Bloomberg on October 26, 2016 titled &qu

Indian Hume Pipe hits 52-week high on bonus issue

Shares of Indian Hume Pipe Company rallied over 7 per cent, hitting 52-week high, on the Bombay Stock Exchange after its board recommended issue of bonus shares in the proportion of one bonus share of Rs 2 each for every one equity share of Rs 2 each held by the members.

Following the announcement, shares of company gained as much as 7.05 per cent and touched 52-week high in intra-day

Torrent Pharma tumbles over 10% on weak Q2

Shares of Torrent Pharmaceuticals plunged over 10 per cent on the Bombay Stock Exchange after Adani Group flagship firm reported weak earnings for the second quarter ended September 30, 2016.

The company reported a 59 per cent year on year (YoY) drop in net profit at Rs 207 crore for the second quarter ended September 30, 2016 (Q2FY17) as compared to Rs 509 crore in the same quarter y

Axis Bank tumbles over 8% on weak Q2

Shares of Axis Bank fell over 8 per cent on the Bombay Stock Exchange after private sector lender reported a 83 per cent year on year decline in net profit to Rs 319 crore for the quarter ended September 30, 2016 (Q2FY17), due to higher provisioning of bad loans. Weighed down by Q2 earnings, shares of bank dipped as much as 8.26 per cent in intra-day to trade at Rs 485.30 apiece on Bombay Stock

Adani Enterprises tanks over 6% as Q2 profit fall

Shares of Adani Enterprises tumbled over 6 per cent on the Bombay Stock Exchange after Adani Group flagship firm reported weak earnings for the second quarter ended September 30, 2016.

The company reported a fall of 78.9 per cent in its consolidated net profit after taxes (PAT) at Rs 63.09 crore for the second quarter as compared to Rs 298.72 crore during the same period a year ago. W

Idea Cellular drops nearly 4% on weak Q2

Shares of Idea Cellular fell nearly 4 per cent on the Bombay Stock Exchange after Mumbai-based telecom operator reported weak earnings for the second quarter ended September 30, 2016.

The company has reported an 88 per cent fall in its consolidated net profit for September quarter at Rs 91.46 crore compared to Rs 762.27 crore in the year ago period. Weighed down by Q2 earnings, shares

Tata Steel dips 4% on Cyrus Mistry exit

Shares of Tata Steel fell 4 per cent on the Bombay Stock Exchange after its holding company, Tata Sons, said its board of directors had removed Cyrus Pallonji Mistry as chairman of the conglomerate. Reacting to the news, shares of company declined as much as 4 per cent in intra-day to trade at Rs 409.15 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company fell 2.37

Sasken Communication hits 52-week high on dividend declaration

Shares of Sasken Communication Technologies rallied nearly 9 per cent, hitting 52-week high, on the Bombay Stock Exchange after Bangalore-based company said its board will meet on October 27 to consider a proposal for buyback of equity shares.

The company has fixed November 05, 2016 as the record date for the purpose of payment of interim dividend. Following the announcement, shares o