JK Paper to sell 20% stake in OJPPL to OHC

JK Paper Ltd has said that it has decided at its meeting of Committee of Directors held on December 22, 2016, to sell the 20 per cent shareholding of OJPPL to OHC, one of the joint venture parties, and has authorised in this regard certain Directors/Executives of the Company to sign the Share Purchase Agreement and to transfer the relevant shares to OHC, whereby the Company would cease to be a

Ishan Dyes & Chemicals surges 11% on bonus issue plan

Shares of Ishan Dyes & Chemicals jumped over 11 per cent on the Bombay Stock Exchange after the company said that its board would consider proposal for issue of bonus equity shares to the existing shareholders of the company.

“The board of directors of the company in its meeting on December 29, 2016, to consider proposal for issue of bonus equity shares to the existing share

Empee Distilleries surges 6% on plan to sell stake in Empee Hotels

Shares of Empee Distilleries jumped 6 per cent on the Bombay Stock Exchange after the company said that it would consider stake sale in Empee Hotels. “The board of directors of the company is scheduled to be held on December 26, 2016 to consider and approve sale of 19512997 equity shares of Rs 10 each held by the company in Empee Hotels Limited,” Empee Distilleries said in a filing

KDDL surges over 16% on issue of warrants to promoter

Shares of KDDL, an engineering company, zoomed over 16 per cent on the Bombay Stock Exchange after the company allotted 2.64 lakh Zero Coupon Convertible Warrants to Swades Capital LLC, a promoter group entity.

“The committee for preferential issue of Zero Coupon Convertible Warrants-2016 has allotted 264,150 Zero Coupon Convertible Warrants of Rs 265 each convertible into one e

Centrum Capital zooms nearly 18% on block deal

Shares of Centrum Capital rallied nearly 18 per cent on the Bombay Stock Exchange amid surge in volume trade following the block deal. As per data available with exchange, nearly 5 per cent of company's equity shares changed hands through block deal, though names of buyers and sellers were not available. Driven by block deal, shares of company gained as much as 17.60 per cent to hit intra-d

Welspun Corp jumps 3% on promoter stake hike

Shares of Welspun Corp, a manufacturer of large diameter pipes, rose 3 per cent on the Bombay Stock Exchange after the exchange data showed that its promoter increased stake in the company through open market transaction. Boosted by the development, shares of company gained as much as 3.00 per cent to hit intra-day high of Rs 82.35 apiece on Bombay Stock Exchange. In a similar fashion, stocks o

Vascon Engineers jumps over 5% on selling stake in Viorica Hotels

Shares of Vascon Engineers soared over 5 per cent on the Bombay Stock Exchange after the company said that it has sold its stake in Viorica Hotels Pvt Ltd for about Rs 15.6 crore. Following the announcement, shares of company gained as much as 5.63 per cent to hit intra-day high of Rs 30.00 apiece on Bombay Stock Exchange. In a similar fashion, stocks of company rose 1.94 per cent to Rs 28.95 a

RCOM shares zooms 10% on report to sell stake in tower biz

Shares of Reliance Communications jumped nearly 10 per cent on the Bombay Stock Exchange after media reported that the Brookfield Group is set to buy a majority stake in the company’s tower unit for about Rs 11,000 crore. Riding high on media reports, shares of company gained as much as 9.84 per cent to hit intra-day high of Rs 38.50 apiece on Bombay Stock Exchange. In a similar fashion,

Linde India hits 52-week high on strong volume

Shares of Linde India, a leading industrial gases company, surged over 16 per cent, hitting 52-week high, on the Bombay Stock Exchange amid surge in volume trade. The stocks saw surge in heavy volume after Reuters report that Linde AG, the German company that revived merger talks with US rival Praxair Inc.

Riding high on media reports, shares of company gained as much as 16.55 per cen

Sasken Communication hits 52-week high ahead of board meeting

Shares of Sasken Communication Technologies zoomed nearly 9 per cent, hitting 52-week high, on the Bombay Stock Exchange ahead of the board meeting on December 23, 2016, to finalize share buyback price and to fix the record date.

“The buy-back committee of the board of directors of the company will be held on December 23, 2016, to finalize the price at which the shares will be b

Datamatics Global hits record high on Insync Capital stake buying

Shares of Datamatics Global Services rallied over 10 per cent, hitting 52-week high, on the Bombay Stock Exchange after Insync Capital Partners LLP acquired 0.5 per cent stake in the company through open market on Tuesday.

Boosted by the development, shares of company gained as much as 10.15 per cent to hit 52-week high of Rs 124.70 apiece in intra-day trade on Bombay Stock Exchange.<

Deep Industries hits 52-week high on strong volume

Shares of Deep Industries rallied nearly 8 per cent, hitting 52-week high, on the Bombay Stock Exchange amid surge in volume trade after the company received overwhelming response for its qualified institutional placement (QIP). The company has raised corpus worth Rs 63.84 crore through QIP which is intended to be utilized to meet long term working capital requirements and thereby business grow

Cyrus Mistry exit: TCS shares rise over 2%

Shares of Tata Consultancy Services (TCS) soared over 2 per cent on the Bombay Stock Exchange after ousted Tata Sons chairman Cyrus Mistry quit from the boards of six Tata group companies. Boosted by the development, shares of IT major gained as much as 2.42 per cent to hit intra-day high of Rs 2343.00 apiece on Bombay Stock Exchange. In a similar fashion, stocks of company rose 2.16 per cent t

TV Today Network dips nearly 5% on plan to migrate radio business

Shares of TV Today Network plunged nearly 5 per cent on the Bombay Stock Exchange after the India's leading English-Hindi news television networks said it would not sell its three radio FM stations to Entertainment Network India Ltd (ENIL) and would reorganise the radio business.

Following the announcement, shares of company declined as much as 4.76 per cent to hit intra-day low o

Gayatri Projects extends gain on stock-split plan

Shares of Gayatri Projects continued their gaining streak for second day and jumped nearly 5 per cent on the Bombay Stock Exchange after the company said that its board would consider the sub-division of the nominal value of the equity shares of Rs 10 per share to Rs 2 per share in a meeting to be held on December 26, 2016. Following the announcement, shares of company gained as much as 4.85 pe

Tree House rebounds nearly 9% on bourses

Snapping two-day losses, shares of Tree House Education & Accessories rebounded nearly 9 per cent on the Bombay Stock Exchange after the company in a reply to exchange clarified with reference to news quoting "Mired in a financial mess, several branches of Treehouse Playgroup ask children to go back."

The company’s shares locked in lower circuit in the last two tra

8K Miles Software jumps 9% on plan to acquire Cornerstone

Shares of 8K Miles Software Services surged nearly 9 per cent on the Bombay Stock Exchange on plan to acquire Cornerstone, a leading healthcare information technology services company. The company has said that its board will meet on December 20, 2016, to consider and approve the proposal to acquire Cornerstone.

Following the announcement, shares of company gained as much as 8.98 per

Tree House hits lower circuit for 2nd day; scrip dips 20%

Shares of Tree House Education & Accessories, India's largest self-operated preschool chain, plunged 20 per cent and locked in lower circuit for the second straight session on the Bombay Stock Exchange after Zee Learn scrapped the proposed merger with the company after media reports of Tree House closing down hundreds of its playgroup centres.

Zee Learn in a filing to BSE said

Gayatri Projects up over 3% on stock-split plan

Shares of Gayatri Projects rose over 3 per cent on the Bombay Stock Exchange after the company said that its board would consider the sub-division of the nominal value of the equity shares of Rs 10 per share to Rs 2 per share in a meeting to be held on December 26, 2016.

Following the announcement, shares of company gained as much as 3.02 per cent to hit intra-day high of Rs 618.00 ap

Zee Learn dips nearly 4% on scraping merger with Tree House

Shares of Zee Learn tumbled nearly 4 per cent on the Bombay Stock Exchange after the education arm of media baron Subhash Chandra’s Essel Group said it has called off their proposed merger with Tree House Education after media reports of Tree House closing down hundreds of its playgroup centres.

Weighed down by the development, shares of company declined as much as 3.74 per cent

Aban Offshore jumps nearly 4% on stake buying in Aban Drilling Services

Shares of Aban Offshore advanced nearly 4 per cent on the Bombay Stock Exchange after the offshore drilling services provider said that it is planning to buy 49 per cent equity shares of Aban Drilling Services Private Limited. Following the announcement, shares of company gained as much as 3.64 per cent to hit intra-day high of Rs 247.50 apiece on Bombay Stock Exchange.

In a similar f

BPCL shares up 3% on rise in fuel prices

Shares of state-controlled Bharat Petroleum Corporation Limited (BPCL) surged 3 per cent on the Bombay Stock Exchange after the oil marketing companies raised prices of petrol by Rs 2.21 a litre and diesel by Rs 1.79 a litre following hike in international oil prices.

Boosted by the development, shares of company gained as much as 2.99 per cent to hit intra-day high of Rs 623.50 apiec

Aurobindo Pharma dips over 4% on US lawsuit

Shares of Aurobindo Pharma fell over 4 per cent on the Bombay Stock Exchange after the media reported that US authorities have accused Indian firm of price-fixing. According to Economic Times, US authorities have accused six pharmaceutical firms from the US, India and Australia of price-fixing of two commonly-used drugs in the United States.

Reacting to the news, shares of company dec

J&K Bank tanks over 6% on weak Q2

Shares of Jammu & Kashmir Bank tumbled over 6 per cent on the Bombay Stock Exchange after the bank saw business taking a dip in September quarter of FY 2017 mainly on account of rise in provisions for bad loans. It has reported a standalone net loss of Rs 602.4 crore in the July-September quarter ended September 30, 2016.

It had posted standalone net profit of Rs 195.62 crore in t

Titagarh Wagons jumps over 8% on robust Q2

Shares of Titagarh Wagons surged over 8 per cent on the Bombay Stock Exchange after the company reported sharp turnaround in its second quarter net profit at Rs 5.24 crore compared with net loss of Rs 0.53 crore in the year ago period. Boosted by strong Q2, shares of company gained as much as 8.52 per cent to hit intra-day high of Rs 130.50 apiece on Bombay Stock Exchange.

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