IT index surges over 4%; Infy top gainer

Shares of Information Technologies companies were trading higher over 4 per cent on the Bombay Stock Exchange, led by gains in index heavyweights, such as Infosys, Tata Consultancy Services (TCS), HCL Technologies, after analysts opined that financial year 2017 will be better for the IT industry. According to Business Standard report, the calendar year 2017 will be better for the IT sector as t

Bata India hits 52-week low ahead of Q2

Shares of footwear maker Bata India fell over 4 per cent, hitting 52-week low, on the Bombay Stock Exchange as investors remained wary ahead of the September quarter results scheduled for Friday. Ahead of Q2 earnings, shares of company declined as much as 2.39 per cent to hit intra-day low of Rs 408.00 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company fell 1.88

Seamec surges over 5% on signing new contract

Shares of Seamec, India’s leading provider of diving support vessel (DSV), climbed over 5 per cent on the Bombay Stock Exchange after the company signed a contract for charter hire for vessel with Resolve Salvage and Fire (Asia). Following the announcement, shares of company gained as much as 5.23 per cent to hit intra-day high of Rs 85.40 apiece on Bombay Stock Exchange.

In a s

Oil India jumps over 4% on bonus issue; scrip hits 52-week high

Shares of Oil India surged over 4 per cent, hitting 52-week high, on the Bombay Stock Exchange after the state-run company said that its board would consider “Issue of Bonus Shares” in the board meeting scheduled to be held on November 28, 2016.

Following the announcement, shares of company gained as much as 4.38 per cent to hit intra-day high of Rs 446.00 apiece on Bombay

Jammu & Kashmir hits 52-week low on bourses

Shares of Jammu & Kashmir (J&K) Bank tumbled nearly 7 per cent, hitting 52-week low, on the Bombay Stock Exchange after media reported that the bank has terminated its tie-up with E-Resolute Consultancy & Services engaged for providing various online services to the public. Reacting to the news, shares of bank declined as much as 6.74 per cent to hit intra-day low of Rs 54.60 apiece

Hindustan Zinc rises over 5% on brokerage upgrade

Shares of Hindustan Zinc, an integrated mining and resources producer, surged over 5 per cent on the Bombay Stock Exchange on reports a brokerage has upgraded the stock to buy and revised target price. Boosted by rating upgrade, shares of company gained as much as 5.23 per cent to hit intra-day high of Rs 271.35 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company

Sun Pharma gains over 2% on acquiring stake in Russia’s Biosintez

Shares of Sun Pharmaceuticals Industries rose over 2 per cent on the Bombay Stock Exchange after the drug maker said that it has executed definitive agreements by its wholly owned subsidiary, for the acquisition of 85.1 per cent of JSC Biosintez, a Russian pharmaceutical company engaged in manufacture and marketing of pharmaceutical products in Russia and CIS region.

The equity consid

Adani Transmission rallies over 15% amid surge in volume trade

Shares of Adani Transmission, the transmission business arm of the Indian business conglomerate - Adani Group, zoomed over 15 per cent on the Bombay Stock Exchange amid surge in volume trade. Riding high on heavy volume, shares of company gained as much as 15.45 per cent to hit intra-day high of Rs 53.80 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company rose 14.

A2Z Infra Engineering zooms over 9% on winning new order

Shares of A2Z Infra Engineering jumped over 9 per cent in early trade on the Bombay Stock Exchange after the company said it has won a contract worth about Rs 41.33 crore from Chhattisgarh State Power Transmission Company Ltd for construction of 132 KV S/S Bijapur and associated EHV Line on turnkey basis.. Buoyed by the development, shares of company gained as much as 9.23 per cent to hit intra

Wockhardt hits 52-week low on warning from USFDA

Shares of Wockhardt tumbled over 4 per cent, hitting 52-week low, on the Bombay Stock Exchange after drug maker’s UK arm, CP Pharmaceuticals, received a warning letter from the US Food and Drug Administration (USFDA). Reacting to the news, shares of company declined as much as 4.43 per cent to hit intra-day low of Rs 659.00 apiece on Bombay Stock Exchange.

In a similar fashion,

L&T surges over 4% on robust Q2

Shares of Larsen & Toubro jumped over 4 per cent in early trade on the Bombay Stock Exchange after the infrastructure giant reported a significant year-on-year growth of 84.3 per cent in its consolidated net profit after taxes (PAT) at Rs 1,434.63 crore for the second quarter ended September 30, 2016. Boosted by strong Q2, shares of company gained as much as 4.14 per cent to hit intra-day h

PNB Gilts extends rally post Q2; scrip jumps 10%

Shares of PNB Gilts, a wholly owned subsidiary of Punjab National Bank, continued their gaining streak on Tuesday and zoomed 10 per cent on the Bombay Stock Exchange after the company reported nearly three-fold jump in net profit at Rs 70.14 crore for Q2FY17, compared to Rs 24.78 crore in the corresponding quarter last year.

According to Business Standard report, the stock zoomed 71 p

Brigade jumps nearly 5% on launch of accelerator program

Shares of Brigade Enterprises rose nearly 5 per cent on the Bombay Stock Exchange after real estate firm said that it has recently launched the country’s first real estate focused accelerator program.

The accelerator will mentor startups whose products or services can be used in the real estate industry across various domains be it Residential, Office, Retail or Hospitality. Boo

Vertex Securities tanks 4% as Sharewealth terminates SSA

Shares of Vertex Securities fell 4 per cent on the Bombay Stock Exchange after company said that the shareholders of Sharewealth Securities have now written to the company terminating the share swap agreement.

Earlier, the Share Swap Agreement dated July 17, 2016 entered between 27 shareholders of Sharewealth Securities Ltd. and Vertex Securities Ltd. had proposed to sell 52.09 per ce

Shree Cement gains over 2% on buzz to buy Shiva Cement

Shares of Shree Cement rose over 2 per cent on the Bombay Stock Exchange after media reported that the company has expressed interest to buy a majority stake in Odisha-based Shiva Cement. Boosted by the development, shares of company gained as much as 2.47 per cent to hit intra-day high of Rs 14705.95 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company rose 0.81 p

Unitech dips nearly 4% as HDFC sell shares to JMFARC

Shares of Unitech tanked nearly 4 per cent on the Bombay Stock Exchange after media reported that HDFC sold the real estate company’s outstanding loan to JM Financial Asset Reconstruction Company (JMFARC). According to Economic Times report, HDFC sold Unitech’s outstanding loan of Rs 869 crore to JMFARC.

Reacting to the news, shares of company declined as much as 3.98 per

Sobha hits 52-week low on disappointing Q2

Shares of Sobha plunged nearly 6 per cent, hitting 52-week low, on the Bombay Stock Exchange after the real estate company reported a flat consolidated net profit at Rs 38.4 crore for the quarter ended September 30, 2016 (Q2FY17). Post Q2 earnings, shares of company declined as much as 5.74 per cent to hit intra-day low of Rs 224.05 apiece on Bombay Stock Exchange.

In a similar fashio

Mawana Sugars zooms nearly 18% on report to sell Titawi unit

Shares of Mawana Sugars rallied nearly 18 per cent on the Bombay Stock Exchange after the company said that it has agreed to sell one of the operating units, Titawi Sugar Complex (TSC) situated at Titawi, Uttar Pradesh, to Indian Potash Limited. Following the announcement, shares of company gained as much as 17.70 per cent to hit intra-day high of Rs 50.20 apiece on Bombay Stock Exchange.

Panacea Biotec surges over 7% on EIR for Baddi unit

Shares of Panacea Biotec soared over 7 per cent on the Bombay Stock Exchange after the drug maker said it has received an Establishment Inspection Report indicating the formal closure of the cGMP and the pre-approval inspection conducted by the USFDA. Following the announcement, shares of company gained as much as 7.25 per cent to hit intra-day high of Rs 113.15 apiece on Bombay Stock Exchange.

Techno Electric rallies over 10% as Q2 profit rises

Shares of Techno Electric & Engineering Company surged over 10 per cent on the Bombay Stock Exchange after the company reported 31 per cent year-on-year growth in standalone net profit at Rs 45 crore for the quarter ended September 30, 2016. Boosted by strong Q2, shares of company gained as much as 10.60 per cent to hit intra-day high of Rs 325.40 apiece on Bombay Stock Exchange.

NBCC India tanks over 3% on disappointing Q2

Shares of NBCC India dipped over 3 per cent on the Bombay Stock Exchange after the company reported that its consolidated net profit for the second quarter ended September 30, 2016 climbed by 1.4 per cent at Rs 69.11 crore from the same period a year ago driven by strong growth in revenue.

Weighed down by disappointing Q2, shares of the Navratna public sector company declined as much

Dilip Buildcon gains over 3% on winning new order

Shares of Dilip Buildcon rose over 3 per cent in early trade on the Bombay Stock Exchange after MP-based engineering and procurement company said that it has been awarded new project in the State of Andhra Pradesh. Following the announcement, shares of company gained as much as 3.28 per cent to hit intra-day high of Rs 214.05 apiece on Bombay Stock Exchange.

In a similar fashion, stoc

Gujarat Gas jumps over 6 on robust Q2

Shares of Gujarat Gas surged over 6 per cent in early trade on the Bombay Stock Exchange after the company reported more than double growth in its net profit at Rs 72 crore for the quarter ended September 30, 2016 (Q2FY17), compared to Rs 28 crore in the same quarter last fiscal. Boosted by strong Q2, shares of company gained as much as 6.25 per cent to hit intra-day high of Rs 560.90 apiece on

Voltas extends loss post Q2 on demand concerns

Shares of Voltas continued their losing streak for the second day and fell nearly 3 per cent in early trade on the Bombay Stock Exchange after the India's largest air conditioning company reported lower-than-expected growth of 7.2 per cent in its consolidated net profit after taxes (PAT) at Rs 72.11 crore for the second quarter ended September 30, 2016.

Extending previous session

Pratibha Industries rallies over 12% on bagging new order

Shares of Pratibha Industries zoomed over 12 per cent in early trade on the Bombay Stock Exchange after the company said that it has bagged a contract worth Rs 262 crore order from Melamchi Water Supply Development Board, Nepal. Buoyed by the development, shares of company gained as much as 12.28 per cent to hit intra-day high of Rs 13.25 apiece on Bombay Stock Exchange.

In a similar