Dr. Reddy's Lab hits 52-week low on heavy volume

Shares of drug maker Dr. Reddy's Laboratories plunged over 5 per cent, hitting 52-week low, on the Bombay Stock Exchange amid spurt in volume trade after media reports suggested that US FDA found repeat observations from 2015 warning letter. According to ET Now, the company has failed to maintain complete data to ensure compliance.

Even, exchange has sought clarification regarding

Idea Cellular extends fall post merger deal

Shares of Idea Cellular continued losing spree on Tuesday and tanked nearly 8 per cent on the Bombay Stock Exchange as investors resorted to profit booking after the company said its board has approved the scheme of amalgamation of Vodafone India and its wholly owned subsidiary Vodafone Mobile Services with the company.

Extending previous session losses, shares of company declined as

Divi's Lab nosedives nearly 20% on US FDA alert

Shares of Divi's Laboratories plunged nearly 20 per cent on the Bombay Stock Exchange after the company said that US-FDA has issued an Import Alert 66-40 on the products manufactured at the company's Unit-II at Visakhapatnam, Andhra Pradesh. Weighed down by the development, shares of company declined as much as 19.69 per cent to hit intra-day low of Rs 635.00 apiece on the Bombay Stock

V-Mart Retail tumbles 11% amid profit booking

Shares of V-Mart Retail tanked 11 per cent on the Bombay Stock Exchange as investors resorted to profit booking after D-Mart operator Avenue Supermarts made strong debut on local bourses today. Weighed down by profit booking, shares of company declined as much as 10.99 per cent to hit intra-day low of Rs 742.50 apiece on the Bombay Stock Exchange.

In a similar fashion, stocks of compa

Poly Medicure gain on fixing record date for bonus issue

Shares of Poly Medicure surged nearly 7 per cent on the Bombay Stock Exchange after the company fixed March 28, 2017 as record date for the 1:1 bonus issue. The stock will turn ex-bonus on March 24, 2017. “The company has fixed Tuesday the 28th day of March, 2017 as record date for the purpose of ascertaining the eligibility of shareholders who would be entitled to receive 1 (one) new bon

Great Eastern Shipping hits 52-week high on heavy volumes

Shares of Great Eastern Shipping surged over 5 per cent to its 52-week high on the Bombay Stock Exchange on back of heavy volumes, in otherwise weak market. The trading volumes on the counter jumped multiple folds with a combined 1.11 million shares changed hands on BSE and NSE till 10:24 am; as compared to sub 100,000 shares that were traded daily in past two weeks. GE Shipping on Friday, Marc

Idea Cellular tanks 9% on merger deal with Vodafone

Shares of Idea Cellular, declined over 9 per cent in early trade on the Bombay Stock Exchange after the company said its board has approved the scheme of amalgamation of Vodafone India and its wholly owned subsidiary Vodafone Mobile Services with the company. At present, Vodafone India is the country’s second largest operator by users and Idea Cellular the third largest operator. Vodafone

Spice Mobility gains on receiving nod to sell stake in Kimaan Exports

Shares of Spice Mobility surged nearly 3 per cent on the Bombay Stock Exchange after it has received an approval for sale of entire stake in Kimaan Exports, a wholly owned subsidiary, to Spice Digital, another subsidiary of the company. Consequent to this, Kimaan Exports will cease to be a wholly owned subsidiary of the company and become step down subsidiary of the company.

The consi

NOCIL gains on getting nod for expansion of capacities at Navi Mumbai, Dahej

Shares of NOICL surged nearly 2 per cent on the Bombay Stock Exchange after it has received an approval for expansion of capacities of Rubber Chemicals and their intermediates at its plants situated at Navi Mumbai and Dahej. “The Board of Directors, at its meeting held on 16th March, 2017 approved expansion of capacities of Rubber Chemicals and their intermediates at the Company's pla

Ashoka Buildcon gains as arm emerges as lowest bidder for NHAI project

Shares of Ashoka Buildcon surged over 5 per cent on the Bombay Stock Exchange after the company said that its arm Ashoka Concessions (ACL) has emerged as the Lowest Bidder at the Financial Bid opening meeting for Ranastalam to Anandpuram (Visakhapatnam) project.

The bid project cost quoted by ACL was Rs 1,187.10 crore, the company said in a filing to the Bombay Stock Exchange. Earlier

Megri Soft advances on buying stake in Kohli & Kohli Financial

Shares of Megri Soft surged nearly 5 per cent on the Bombay Stock Exchange after the company has received an approval to invest Rs 25.30 lakh in the equity shares of the Kohli & Kohli Financial Consultants. “The Company in their meeting held on March 15, 2017 has decided to acquire/invest Rs. 25,30,000/- (accounting to 11.67%) in the Equity Shares of the Kohli & Kohli Financial Co

HCL Technologies surges on share buyback plan

Shares of HCL Technologies surged nearly 2 per cent on the Bombay Stock Exchange after the company said that its board of directors will meet on Monday, March 20, 2017 to consider a share buyback proposal.

"A meeting of the Board of Directors of the company will be held on Monday, March 20, 2017, to consider a proposal for buyback of the equity shares of the company," the IT

McNally Bharat advances on bagging Rs 415 cr Andhra order

Shares of McNally Bharat Engineering suged nearly 5 per cent on the Bombay Stock Exchange after the company bagged Rs 415-crore solar power project order in Andhra Pradesh. "The company has received an order for design, engineering, manufacturing, supply, commissioning and operation and maintenance of 500 mw grid connected solar PV power project, including civil works in Andhra Pradesh, on

Marathon Nextgen advances on share buyback plan

Shares of Marathon Nextgen Realty spiked over 16 per cent on the Bombay Stock Exchange after the real estate developer said that it board will meet on Friday to consider share buyback proposal. “A meeting of board of directors of the company is scheduled to be held on March 17, 2017, to consider the proposal of buy-back of equity shares of the company and new project proposal,” Mara

Ramco Systems gains on bagging order from Ravensdown Aerowork

Shares of Ramco Systems gained over 3 per cent on the Bombay Stock Exchange after the company said it has received an order from New Zealand based Ravensdown Aerowork, a subsidiary of the farmer-owned-cooperative Ravensdown. “Ramco will deploy Ramco Aviation Suite v5.8 to enable Ravensdown Aerowork automate and unify the maintenance and overhaul operations of its fleet,” the company

Palred Technologies zooms on preferential issue to Florintree, others

Shares of Palred Technologies (formerly Four Soft) soared over 9 per cent on the Bombay Stock Exchange and has locked in upper circuit after the board approved an allotment of equity shares worth of Rs 22 crore to Florintree Advisors and others. “Florintree led and advised investors are the lead participants in this round of preferential allotment.

The investors include Mathew C

NBCC surges on order win of Rs 250 cr in Mauritius

Shares of NBCC (India) soared over 3 per cent on the Bombay Stock Exchange after the state-owned company said it has secured a contract worth about Rs 250 crore in Mauritius. “The company has signed an agreement with the State of Mauritius (Government of Mauritius) and Landscope (Mauritius) for construction of new Supreme Court building on PMC basis in Mauritius,” NBCC said in stock

India Home Loan surges 2% on entering into MoU with SUDA

Shares of India Home Loan soared over 2 per cent on the Bombay Stock Exchange after it entered into a Memorandum of Understanding (MoU) with Surat Urban Development Authority (SUDA) for facilitating housing loans to borrowers under economically weaker sections (EWS) for buying houses/flats under the scheme of Mukhyamantri Gruh Yojna at various locations in city of Surat.

Boosted by th

TNPL dips on production stoppage in paper machine II

Shares of Tamil Nadu Newsprint and Papers (TNPL), declined over 7 per cent in early trade on the Bombay Stock Exchange after the company said that has stopped production in Paper Machine II (PM II), in Unit I (Karur) due to water shortage. “The other two paper machines are in operation.

The production in PM II will be resumed on availability of water,” TNPL said in a regul

SpiceJet zooms after Delhi govt cuts tax on ATF

Shares of SpiceJet rallied over 4 per cent on the Bombay Stock Exchange after the Delhi government on Wednesday said VAT on Aviation Turbine Fuel (ATF) will be brought down from 25 per cent to 1 per cent for flights to remote areas such as North Eastern states. SpiceJet operates 343 average daily flights to 45 destinations, including 39 domestic and 6 international ones.

The majority

Dr Reddy's gets 13 observations from USFDA for Duwada facility

Dr Reddy's Laboratories today said it has received 13 observations from the US health regulator for its formulation manufacturing facility at Duwada, Visakhapatnam. "The audit of company's formulation manufacturing facility at Duwada, Visakhapatnam, by the US FDA, has been completed on March 8, 2017.

The company have been issued a Form 483 with 13 observations, which the

SPML Infra zooms 7% on order win worth Rs 250 cr

Shares of SPML Infra soared over 7 per cent on the Bombay Stock Exchange after it secured new orders worth of Rs 250 crore for power transmission and distribution in West Bengal and Haryana. "SPML Infra has received new orders worth Rs 250 crore for power transmission and distribution projects in West Bengal (WB) and Haryana” the company said in a filing to the Bombay Stock Exchange.

Jain irrigation rises on bagging new order

Shares of Jain irrigation soared over 1 per cent on the Bombay Stock Exchange on order win for development of micro-irrigation systems network. “The company has secured an order worth Rs 189.02 crore for delivering water at farmer’s field through creation of water infrastructure and making it available to the farmer to deploy using micro irrigation systems in their respective farms,

Asian Granito jumps over 4% as FII hikes stake

Shares of Asian Granito India soared over 4 per cent on the Bombay Stock Exchange after the foreign institutional investor (FII) purchased more than 1 per cent stake in company for Rs 12.58 crore through open market transaction. Boosted by the development, shares of company gained as much as 4.26 per cent to hit intra-day high of Rs 287.40 apiece on the Bombay Stock Exchange.

In a sim

V-Guard Ind jumps over 6% on bonus issue plans

Shares of V-Guard Industries rallied over 6 per cent on the Bombay Stock Exchange after the company fixed March 16, 2017 as record date for the purpose of issue of bonus shares. Buoyed by bonus issue plans, shares of company gained as much as 6.11 per cent to hit intra-day high of Rs 261.00 apiece on the Bombay Stock Exchange.

In a similar fashion, stocks of company rose 1.97 per cent