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

Dilip Buildcon shares up 2% on winning new order

Shares of Dilip Buildcon rose over 2 per cent in early trade on the Bombay Stock Exchange after engineering and construction company said that The Northern Coalfields Limited has declared the DBL-DECO as the successful bidder for excavation of overburden of first dig (solid) & re-handling by mechanical means at specified places at NIGAHI OCP of NCL at a project cost of Rs 1469.84 crores hav

Petronet LNG jumps nearly 8% on robust Q2

Shares of Petronet LNG, an Indian oil and gas company, surged nearly 8 per cent in early trade on the Bombay Stock Exchange after the company reported 82 per cent growth in its net profit at Rs 460 crore for the quarter ended September 30, 2016, as compared to Rs 253 crore in the year ago period. Boosted by strong Q2, shares of company gained as much as 7.67 per cent to hit intra-day high of Rs

Indraprastha Gas jumps over 5% on robust Q2

Shares of Indraprastha Gas, India's leading natural gas distribution companies, jumped over 5 per cent in early trade on the Bombay Stock Exchange after the company reported 41per cent growth in standalone net profit at Rs 144 crore for the quarter ended September 30, 2016, compared to Rs 102 crore in the same quarter last year.

Boosted by Q2 earnings, shares of company gained as

Shipping Corp sinks 7% on weak Q2

Shares of Shipping Corporation of India nosedived over 7 per cent in early trade on the Bombay Stock Exchange after the state-run company reported standalone net loss of Rs 20 crore for the quarter ended September 2016, compared to net profit of Rs 162 crore in the year ago period. Weighed down by Q2 earnings, shares of company declined as much as 7.21 per cent to hit intra-day low of Rs 58.50

Tata Motors rises over 2% on bourses

Shares of Tata Motors rose over 2 per cent in early trade on the Bombay Stock Exchange amid value buying after the automobile giant reported consolidated profit after tax of Rs 848 crore for the September quarter, riding on robust sales of its British arm Jaguar Land Rover across various overseas markets. Recouping previous session losses, shares of company gained as much as 2.66 per cent to hi

Axis Bank gains over 2% on cutting MCLR by 15 basis pts

Shares of Axis Bank rose over 2 per cent in early trade on the Bombay Stock Exchange after the private sector lender reduced its Marginal Cost of Fund based Lending Rate (MCLRs) by 15 basis points, effective from November 18, 2016. In a separate release, the bank notified redemption and cancellation to holders of USD 46,000,000 - 7.167 % Callable Hybrid Tier I Notes (The Notes) issued through i

Gayatri Projects up 1.5% on conclusion of construction project

Shares of Gayatri Projects rose over 1 per cent in early trade on the Bombay Stock Exchange after it said that its second thermal power plant, the 1320 megawatt SembCorp Gayatri Power, has completed construction of its first 660 megawatt unit. The second unit of the 660 megawatts is expected to be completed in the first quarter of 2017.

Following the announcement, shares of company ga

Can Fin Homes surges over 16% amid value buying

Shares of Can Fin Homes, engaged in the business of housing finance, zoomed over 16 per cent on the Bombay Stock Exchange amid bargain hunting as the company’s stock tumbled 26 per cent in the last two trading sessions. Driven by value buying, shares of company rebounded as much as 16.52 per cent in intra-day to hit intraday high of Rs 1459.00 apiece on Bombay Stock Exchange.

In

Demonetization effect: PC Jeweller erodes over 30% in 5-days

Shares of PC Jeweller continued its losing streak for the third straight session on Wednesday, falling 10 per cent, on the Bombay Stock Exchange as investors remained wary over the impact of demonetization on gold trading. According to Business Standard report, the company has dropped over 30 per cent in last five trading session.

Extending previous session losses, shares of company d

JM Financial jumps 5% on stake buying in IHL

Shares of JM Financial rallied over 5 per cent on the Bombay Stock Exchange after the financial services company said that its subsidiary JM Financial Products has acquired 17.53 per cent stake in India Home Loan Limited through secondary purchase route. Following the announcement, shares of company rebounded as much as 5.17 per cent in intra-day to hit intraday high of Rs 63.05 apiece on Bomba

Tata Global jumps 7% post robust Q2

Shares of Tata Global Beverages jumped 7 per cent on the Bombay Stock Exchange after the Tata group company reported 60 per cent year growth in consolidated net profit at Rs 140 crore for the second quarter ended September 30, 2016, compared to Rs 87 crore in the same quarter last year. Boosted by Q2 earnings, shares of company gained as much as 7 per cent in intra-day to hit intraday high of R

Bank of Baroda zooms over 9% on robust Q2

Shares of Bank of Baroda jumped over 9 per cent on the Bombay Stock Exchange after the bank reported more than four-fold jump in net profit at Rs 552 crore for the quarter ended September 30, 2016, compared to profit of Rs 124 crore in the same quarter last fiscal. Boosted by Q2 earnings, shares of bank gained as much as 9.11 per cent in intra-day to trade at Rs 175.35 apiece on Bombay Stock Ex

Merck hits 52-week high on robust Q3

Shares of Merck rallied over 13 per cent, hitting 52-week high, on the Bombay Stock Exchange after the company reported more than double net profit at Rs 27.54 crore for the quarter ended September 30, 2016 (Q3CY16), compared to Rs 12.51 crore in the same quarter last year. Boosted by Q3 earnings, shares of company gained as much as 13.38 per cent in intra-day and touched 52-week high to trade

Hindalco Ind dips nearly 3% post Q2

Shares of Hindalco Industries fell nearly 3 per cent, paring early gains, on the Bombay Stock Exchange even after the company reported strong growth in its second quarterly profit. Early today, the company’s share touched 52-week high of Rs 180.

The company posted over three-fold jump in standalone net profit at Rs 440 crore for the quarter ended September 30, 2016, compared to

Tata Motors tumbles 9% post Q2 results

Shares of Tata Motors tumbled nearly 9 per cent on the Bombay Stock Exchange after the auto major’s second quarterly profit fell short of expectations. The automobile giant on Monday reported consolidated profit after tax of Rs 848 crore for the September quarter, riding on robust sales of its British arm Jaguar Land Rover across various overseas markets. It had posted a consolidated loss