Generic Engineering surges 3% after bagging Rs 63 cr orders

Shares of Generic Engineering Construction & Projects surged over 3 per cent on the Bombay Stock Exchange after the company said that it has bagged orders worth Rs 63 crore from various reputed clients.

The company has bagged order worth Rs 41 crore from Golden Reality and another order worth Rs 22 crore from Aadi Properties LLP, it said in a filing to the Bombay Stock Exchange. F

GTPL Hathway jumps after RBI raises FPIs investment limit

Shares of GTPL Hathway zoomed over 5 per cent on the Bombay Stock Exchange after the central bank raised foreign investment limit in the company to 49% from 24% earlier. “The Reserve Bank of India has notified that the Foreign Institutional Investors (FIIs)/ Foreign Portfolios Investors (FPIs) investment limit under Portfolio Investment Scheme in M/s GTPL Hathway Ltd. has increased from 2

Biocon jumps 3% as insulin facility in Malaysia gets GMP nod

Shares of Biocon soared over 3 per cent on the Bombay Stock Exchange after the company said that its insulin facility in Malaysia received compliance certificate. Biocon said its subsidiary in Malaysia, Biocon Sdn. Bhd., received a certificate of 'GMP (Good Manufacturing Practice) Compliance' for its Insulins manufacturing facility by the HPRA (Ireland) as the representative European in

CCL Products (India) up 8% as RBI hikes FPIs investment limit

Shares of CCL Products soared over 8 per cent on the Bombay Stock Exchange after the central bank raised foreign investment limit in the company to 40% from 24% earlier. The Reserve Bank of India notified after market hours yesterday, 7 August 2017, that the foreign investment limit for investment by Foreign Institutional Investors (FIIs)/Foreign Portfolios Investors (FPIs) in CCL Products (Ind

Cadila jumps 3% on zero observations from USFDA for Moraiya unit

Shares of Cadila Healthcare surged over 3 per cent on the Bombay Stock Exchange after getting zero observations from the US health regulator for Moraiya plant. The US Food and Drug Administration has issued zero observations for Moraiya unit (Gujarat) after its re-inspection. The USFDA had re-inspected this facility in 2017. Earlier also, when the US health regulator had inspected Moraiya unit

Punj Lloyd zooms 15% as JV wins contract from NHAI

Shares of Punj Lloyd zoomed over 15 per cent on the Bombay Stock Exchange on reports that a Punj Lloyd JV has won Rs 1,177-crore project in Myanmar from the National Highways Authority of India (NHAI). "The NHAI has awarded its first international project in Myanmar. A joint venture between Punj Llyod and Varaha Infrastructure Ltd has won the bid to construct the Yagyi- Kalewa road section

Gravita India surges 4% on capacity expansion at Chittoor plant

Shares of Aegis Logistics surges nearly 4 per cent on the Bombay Stock Exchange after the company said that it has raised capacity at Chittoor unit in Andhra Pradesh to 28000 mtpa from 12000 mtpa, making it the flagship plant of the Jaipur-based company.

The company at present is utilizing more than 65 percent of its existing capacity at the Chittoor plant.The company invested about R

Shalimar Paints extends gains after commissioning plant

Shares of Shalimar Paints rose over 2 per cent on the Bombay Stock Exchange extending Tuesday's gains triggered by the company re-commissioning its Chennai plant and starting its commercial production from 4 September 2017. On the BSE, 11,000 shares were traded on the counter so far as against average daily volumes of 9,665 shares in the past one quarter.

Following the announcemen

Aegis Logistics surges 5% on good Q1 results

Shares of Aegis Logistics zoomed over 5 per cent on the Bombay Stock Exchange after the company reported a healthy 47 per cent year on year (YoY) growth in its consolidated profit after tax at Rs 47 crore in June quarter (Q1FY18). It had posted profit of Rs 32 crore in an year ago quarter. Revenue grew 16 per cent at Rs 858 crore during the quarter under review against Rs 740 crore in the corre

GTL Infra zooms 6% on getting merger nod

Shares of GTL Infrastructure jumped over 6 per cent on the Bombay Stock Exchange after the company said that it has received approval from BSE, NSE and SEBI for the proposed Scheme of Amalgamation of Chennai Network Infrastructure (CNIL) with itself. “The company has received an approval from Securities and Exchange Board of India (SEBI), Bombay Stock Exchange (BSE) and National Stock Exc

Jenburkt Pharma zooms 8% on share buyback announcement

Shares of Jenburkt Pharmaceuticals surged over 8 per cent on the Bombay Stock Exchange after the company said that its board will meet later this week to consider buy back of equity shares. "A meeting of the Board of Directors of the company is scheduled to be held on September 9, 2017, inter alia, to consider matters related to buyback of the fully paid-up equity shares of the company,&qu

IRB Infra surges after SPV starts toll collection

Shares of IRB Infrastructure jumped nearly 2 per cent on the Bombay Stock Exchange after the company said it started toll collection and construction at Udaipur tollway. “IRB Infrastructure Developers announced that its wholly-owned subsidiary, Udaipur Tollway, incorporated for implementation of six-laning from Udaipur to Rajasthan/Gujarat Border project has received the appointed date fr

Apex Frozen Foods shares hit upper circuit after smart debut

Shares of Apex Frozen Foods that deals in aquaculture products made a smart stock market debut today, rising over 15 per cent against the issue price of Rs 175. The stock debuted at Rs 199.90, up 14.22 per cent from the issue price on BSE. It later soared 19.91 per cent to Rs 209.85 - its upper circuit limit.

On NSE, it listed at Rs 202, reflecting a jump of 15.42 per cent. On the equ

SSWL rises over 2% on winning new orders

Shares of Steel Strips Wheels (SSWL) jumped over 2 per cent on the Bombay Stock Exchange after the company has bagged another exports order for supply of Steel wheels for EU Caravan market. This order covers supplies of around 27,000 steel wheels in a period of 2 months. Wheels will be shipped from the company’s Chennai plant by end of this month, the company said in a filing to the Bomba

Sadbhav Engineering rises over 4% on winning new orders

Shares of Sadbhav Engineering jumped over 4 per cent on the Bombay Stock Exchange after Ahmedabad-based company said it has bagged two projects on EPC Mode valued around Rs 900 crore. Following the announcement, shares of the company gained as much as 4.59 per cent to hit intra-day high of Rs 301.65 apiece on the Bombay Stock Exchange.

The stocks were currently trading at Rs 294.80 ag

Bajaj Auto rises nearly 4% on robust August sales

Shares of Bajaj Auto soared nearly 4 per cent on the Bombay Stock Exchange after auto major reported 3 per cent growth in total sales in August at 3,35,031 units as against 3,25,347 units in the same month last year. Driven by August sales number, shares of the company gained as much as 3.78 per cent to hit intra-day high of Rs 2914.70 apiece on the Bombay Stock Exchange.

The stocks w

Sun TV Network zooms over 12% on huge volume

Shares of Sun TV Network rallied over 12 per cent on the Bombay Stock Exchange amid surge in volume trade. According to data available with exchange, as much as 3.48 lakh shares have changed hand on the counter as compared to two week average of 0.55 lakh stocks. Driven by volume trade, shares of the company gained as much as 12.16 per cent to hit intra-day high of Rs 782.00 apiece on the Bomba

Dr. Reddy`s Lab surges 9% on settlement of drug row

Shares of Dr. Reddy's Laboratories spiked over 9 per cent on the Bombay Stock Exchange after US-based drug maker Vivus entered into a settlement agreement with Indian counterpart to resolve a long-pending patent litigation related to weight management capsule Qsymia. Buoyed by the development, shares of the company gained as much as 9.28 per cent to hit intra-day high of Rs 2208 apiece on t

Maruti Suzuki`s August sales up 24%

Automobile major Maruti Suzuki India on Friday reported an exponential rise of 23.8 per cent in its monthly sales for August.

According to the company, its total sales during the month rose to 163,701 units, from 132,211 units during the corresponding month of 2016.

"This includes 152,000 units in the domestic market and 11,701 units of exports. The company had sold a t

Wipro rises nearly 2% on share buyback plans

Shares of IT bellwether Wipro soared nearly 2 per cent on the Bombay Stock Exchange after the company said that its shareholders have approved the company’s Rs 11,000 crore buyback proposal. Boosted by the development, shares of the company gained as much as 1.80 per cent to hit intra-day high of Rs 296.90 apiece on the Bombay Stock Exchange.

The stocks were currently trading at

NTPC slips over 2% on weak response for OFS

Shares of NTPC fell over 2 per cent on the Bombay Stock Exchange after state-run power utility company received lackluster response for offer for sale of its equity shares. According to data available with exchange, retail investors subscribing to only 72 per cent of the portion reserved for them in the two-day OFS. Weighed down by the development, shares of the company declined as much as 2.55

Majestic Auto zooms 20% on plans to sell assets

Shares of Majestic Auto rallied 20 per cent and locked in upper circuit on the Bombay Stock Exchange after the company said it will consider sales of assets for an amount not exceeding Rs 300 crore. Following the announcement, shares of the company gained as much as 20 per cent to hit intra-day high of Rs 122.40 apiece on the Bombay Stock Exchange.

The stocks were locked in upper circ

Schaeffler zooms 20% on board nod for scheme of amalgamation

Shares of Schaeffler India rallied 20 per cent on the Bombay Stock Exchange after the company said its board has approved scheme of amalgamation of INA Bearing and LuK India with the company. Cheering the news, shares of the company gained as much as 20 per cent to hit intra-day high of Rs 5115.40 apiece on the Bombay Stock Exchange.

The stocks were currently trading at Rs 4869 agains

Reliance Defence spikes 9% on huge volume

Shares of Reliance Defence and Engineering rallied nearly 9 per cent on the Bombay Stock Exchange amid surge in volume trade. According to data available with exchange, as much as 10.73 lakh shares have changed hand on the counter as compared to two week average of 2.81 lakh stocks. Driven by volume trade, shares of the company gained as much as 8.80 per cent to hit intra-day high of Rs 58.70 a

RIL up over 1% on plans to raise fund via NCDs

Shares of Reliance Industries rose over 1 per cent on the Bombay Stock Exchange after Mukesh Ambani-led company said it will make an offer for issuing nonconvertible debentures (NCDs) worth Rs 2,500 crore next week. Buoyed by fund raising plans, shares of the company gained as much as 1.52 per cent to hit intra-day high of Rs 1588.00 apiece on the Bombay Stock Exchange.

The stocks wer