Alembic Pharma jumps over 5% on USFDA nod for new drug

Shares of Alembic Pharmaceuticals sourged over 5 per cent on the Bombay stock Exchange after the drug maker said that it has received US Food and Drug Administration (USFDA) tentative approval for Dabigatran Etexilate Capsules, 150 mg. Following the announcement, shares of the company gained as much as 5.59 per cent to hit intra-day high of Rs 545.00 apiece on the Bombay Stock Exchange.

Donear Ind soars over 7% on acquiring Bhiwani Textile

Shares of Donear Industries jumped over 7 per cent on the Bombay stock Exchange after India’s leading fashion fabric brand acquired Bhiwani Textile from Kumar Mangalam Birla-led Grasim Industries for undisclosed amount. Boosted by the development, shares of the company gained as much as 7.53 per cent to hit intra-day high of Rs 79.95 apiece on the Bombay Stock Exchange.

The stoc

Reliance Communications surges over 8% on debt reduction plan

Shares of Anil Ambani-promoted Reliance Communications jumped over 8 per cent on the Bombay stock Exchange after the debt-ridden company proposed plan to reduce long-term debt by selling its real estate, under-sea cable assets and DTH business. Boosted by the development, shares of the company gained as much as 8.13 per cent to hit intra-day high of Rs 24.60 apiece on the Bombay Stock Exchange.

IDFC down nearly 5% on merger with Shriram Group

Shares of infra lender IDFC fell nearly 5 per cent on the Bombay stock Exchange after the board of directors of company to evaluate a strategic combination of relevant financial services companies (including insurance) of the Shriram Group with the IDFC Group and approval for entering into a confidentiality, exclusivity and standstill agreement.

Following the announcement, shares of t

Lupin extends rally on drug launch in US; scrip up 3%

Shares of Lupin continued gaining streak on Monday and soared nearly 3 per cent on the Bombay Stock Exchange after the drug maker launched generic Vigamox ophthalmic solution in the US. Extending previous session rally, shares of the company gained as much as 2.96 per cent to hit intra-day high of Rs 1,149.90 apiece on the Bombay Stock Exchange. The stocks were currently trading at Rs 1,140.65

Tata Motors jumps nearly 5% on strong JLR sales

Shares of Tata Motors surged nearly 5 per cent on the Bombay stock Exchange after its UK arm Jaguar Land Rover reported 11 per cent year-on-year growth in sales at 51,591 units in June 2017. Driven by robust JLR monthly sales, shares of the auto major gained as much as 4.73 per cent to hit intra-day high of Rs 457.50 apiece on the Bombay Stock Exchange.

The stocks were currently tradi

TCS jumps over 4% ahead of Q1

Shares of Tata Consultancy Services (TCS) rallied over 4 per cent on the Bombay stock Exchange ahead of the first quarter earnings report for the financial year 2017-18. The IT bellwether is scheduled to kick off the earnings season for the first quarter of this fiscal as it announces its Q1 earnings on July 13. In line with IT index, shares of the company gained as much as 4.27 per cent to hit

Poona Dal & Oil hits fresh 52-week high

Shares of Poona Dal & Oil Industries extended rally and locked in upper circuit for the fifth straight session on Friday on the Bombay stock Exchange after the company reported strong earnings in the March quarter. The company has posted net profit of Rs 8.49 crore in March quarter compared to Rs 14 lakh in the same quarter year ago.

As per data available with exchange, the scrip

ABC Bearing extends rally; scrip hits fresh 52-week high

Shares of ABC Bearing extended rally on Friday and locked in upper circuit for the fourth straight session on the Bombay stock Exchange after the company said that its board has approved merger with Timken India. As per data available with exchange, the scrip of company has rallied over 100 per cent in the last six trading session from Rs 177 on June 30, 2017. Continuing its gaining streak, sha

Gayatri Projects hits 52-week high as GIC buys stake

Shares of Gayatri Projects surged nearly 7 per cent on the Bombay stock Exchange after Government of Singapore Investment Corp (GIC) acquired 6.2 per cent stake in the company through block deal. Boosted by the development, shares of the company gained as much as 6.83 per cent to hit 52-week high of Rs 180.50 apiece on the Bombay Stock Exchange.

The stocks were currently trading at Rs

Lupin jumps nearly 5% on bourses

Shares of Lupin rallied nearly 5 per cent and emerged as top gainers on the Bombay stock Exchange after the drug maker said it has launched its Moxifloxacin Hydrochloride Ophthalmic solution USP, 0.5% (base) having received an approval from the United States Food and Drug Administration (USFDA) earlier. Following the announcement, shares of the company gained as much as 4.73 per cent to hit int

Glenmark up 2% on USFDA nod for Amlodipine Tablets

Shares of Glenmark Pharmaceuticals rose nearly 2 per cent on the Bombay stock Exchange after the drug maker said it has been granted final approval by the US drug regulator for Amlodipine and Olmesartan Medoxomil Tablets. Following the announcement, shares of the company gained as much as 1.90 per cent to hit intra-day high of Rs 667.65 apiece on the Bombay Stock Exchange.

The stocks

SBI gains nearly 3% on bourses

Shares of State Bank of India soared nearly 3 per cent on the Bombay stock Exchange amid surge in volume trade. Earlier this month, the country’s largest lender cut the rate on one-year fixed deposits by 15 basis points (bps), which led to sharp decline in rate on one-year fixed deposits (for less than Rs 1 crore) to a seven-year low of 6.75 per cent. In line with benchmark indices, share

OM Metals surges over 14% on selling cineplex division

Shares of OM Metals Infraprojects rallied over 14 per cent on the Bombay stock Exchange after the company said that it has sold its cineplex division, Om Cineplex Commercial Complex, for Rs 18 crore. Following the announcement, shares of the company gained as much as 141.5 per cent to hit intra-day high of Rs 60.10 apiece on the Bombay Stock Exchange.

The stocks were currently trading

Tata Motors up over 1% on cut in vehicle prices

Shares of Tata Motors rose over 1 per cent on the Bombay stock Exchange after the company reduced prices of its passenger vehicles by up to Rs 2.17 lakh, making available the GST benefit to its customers. "Following the rollout of GST, we have decided to pass on the entire benefit to our customers.

We are offering a price reduction of up to 12 per cent ranging between Rs 3,300 an

Bajaj Auto slips nearly 2% as stocks turn ex-dividend

Shares of Bajaj Auto fell nearly 2 per cent on the Bombay stock Exchange after stocks turned ex-dividend today. Ex-dividend date is the date on or after which a share is traded without a previously declared dividend. Weighed down by the development, shares of the company declined as much as 1.68 per cent to hit an intra-day low of Rs 2725.05 apiece on the Bombay Stock Exchange.

The st

Shriram EPC zooms over 12% on winning new order

Shares of Shriram EPC rallied over 12 per cent on the Bombay stock Exchange after the company said it has bagged Rs 71 crore contract from the Arulmigu Dandayuthapani Temple located at Palani in Tamil Nadu to build a ropeway. “The scope of this first transportation project work includes design, manufacture, supply, erection, testing, commissioning, operating and maintenance of the second

Venky's (India) extends rally; zooms 80% in one month

Shares of Venky's (India) continued gaining momentum on Wednesday and rallied over 9 per cent on the Bombay stock Exchange prices amid surge in volume trade. In the day’s trade so far, as much as 1.89 lakh shares have changed hand compared to two week average of 0.71 lakh shares. As per data available with exchange, the scrip of company has rallied over 80 per cent in the last one mon

UltraTech up nearly 2% on cut in cement prices

Shares of UltraTech Cement rose nearly 2 per cent on the Bombay stock Exchange after the Aditya Birla Group company said it has reduced prices of its products by 2-3 per cent to pass on the GST benefit to customers. Following the announcement, shares of the company gained as much as 1.84 per cent to hit an intra-day high of Rs 4091.85 apiece on the Bombay Stock Exchange.

The stocks we

RIL rises nearly 2% on buzz over 4G VoLTE handset

Shares of Reliance Industries climbed nearly 2 per cent on the Bombay stock Exchange as investors widened bet on the company on buzz over Rs 500 4G VoLTE handset, which is likely to storm into phone market. According to a report by the Economic Times, Mukesh Ambani-owned Reliance Jio is likely to launch a 4G VoLTE feature phone worth Rs 500 within this month.

Cheering the news, shares

Mahindra & Mahindra shares up 3% on cut in vehicle prices

Shares of Mahindra & Mahindra rose nearly 3 per cent on the Bombay stock Exchange after the auto major said that it has reduced prices of its utility vehicles and SUVs to pass on the GST benefit to customers. Buoyed by the development, shares of the company gained as much as 2.97 per cent to hit an intra-day high of Rs 1395.00 apiece on the Bombay Stock Exchange.

The stocks were c

ABC Bearings hits 52-week on merger approval

Shares of ABC Bearings continued gaining momentum on Wednesday and locked in upper circuit on the Bombay stock Exchange prices after the company said that its board has approved merger with Timken India. As per data available with exchange, the scrip of company has rallied over 60 per cent in the last four trading session from Rs 177 on June 30, 2017.

Extending previous session rally,

SPARC jumps 3% on deal with Samsung BioLogics

Shares of Sun Pharma Advanced Research Company (SPARC) rose over 3 per cent on the Bombay stock Exchange after the drug maker entered into a long-term agreement with South Korea’s Samsung BioLogics for the manufacture of an experimental medicine to treat psoriasis. Following the announcement, shares of the company gained as much as 3.04 per cent to hit an intra-day high of Rs 316.45 apiec

Texmaco Rail zooms 12% on Adventz`s deal with Lesico

Shares of Texmaco Rail & Engineering rallied over 12 per cent on the Bombay stock Exchange after media report suggested that Adventz Group has signed a USD 2 billion-plus agreement with Israel’s Lesico group to collaborate in light rail transit (LRT) projects in Tel Aviv and Jerusalem. Texmaco Rail & Engineering, owned by Adventz Group, will lend its expertise in laying of tracks,

InterGlobe Aviation rises 2% on Air India stake buy plans

Shares of InterGlobe Aviation, the operator of low cost carrier IndiGo, surged over 2 per cent on the Bombay stock Exchange after the company said that its promoters will discuss with investors this week its interest in buying Air India.

Cheering the news, shares of the company gained as much as 2.10 per cent to hit an intra-day high of Rs 1216.75 apiece on the Bombay Stock Exchange.