Tata Motors gains nearly 5% on strong November sales of JLR

News Details

Shares of Tata Motors Ltd. soared nearly 5 per cent in the early trade on Bombay Stock Exchange (BSE) on reports that the company's UK subsidiary Jaguar Land Rover (JLR) reported a record 29,893 vehicles in the month of November. The company would be reporting the JLR wholesale volumes and global sales numbers on November 15. Meanwhile, According

HUL slips 3% on royalty payment worries

News Details

Shares of Hindustan Unilever Ltd. (HUL) fell for the second day in a row and were down 3 per cent in the early trade on Bombay Stock Exchange (BSE) on concerns that it may face higher royalty payments to its parent Unilever PLC. Concerns came after Unilever Indonesia agreed on Wednesday to pay a higher royalty payment to the parent company.

Jet Airways jumps over 3% on expansion of codeshare agreement with Etihad Airways

News Details

Shares of country’s second largest airline by passengers Jet Airways witnessed a gain of over 3 per cent on the Bombay Stock Exchange after the carrier expanded its codeshare agreement with the United Arab Emirates' Etihad Airways to include flights operating from Abu Dhabi to Charles de-Gaulle airport in Paris. The agreement, which became e

NMDC gains over 2% ahead of FPO

News Details

Shares of state-owned miner NMDC rose over 2 per cent on the Bombay Stock Exchange ahead of the company’s follow-on public offering (IPO) hitting the market. The government fixed a price band of Rs 145-150 per share on Monday and a floor price of Rs 147 on Tuesday after markets closed.

In line with broader market, shares of the compan

Tech Mahindra gains nearly 5% on stake offload by BT

News Details

Shares of the country’s leading IT services provider Tech Mahindra gained nearly 5 per cent on the Bombay Stock Exchange after British telecoms group BT announced to sell its 9.1 per cent stake in Indian IT services group in a deal expected to raise about USD 183 million. As per the term sheet, stocks of Tech Mahindra shares are being sold at a

Kingfisher Airlines continues to fly high on reports of stake sale; scrip soars nearly 5%

News Details

Riding high on reports of stake sale to Etihad Airways, shares of Vijay Mallya led carrier Kingfisher Airlines soared nearly 5 per cent on the Bombay Stock Exchange and locked in upper circuit. As per media reports, the domestic carrier has proposed to sell 48 per cent stake to Etihad Airways to raise capital worth Rs 3,000 crore. Kingfisher Airlines

Lakshmi Vilas Bank hits lifetime high on bulk trade; scrip rallies over 14%

News Details

Shares of country’s private sector lender Lakshmi Vilas Bank rallied over 14 per cent, hitting lifetime high, on the Bombay Stock Exchange amid bulk trade. Stock of the company has gained nearly 37 per cent in past two trading sessions on the BSE. In line with broader market, shares of the company started the day on positive note and witnessed a

Piramal Enterprises hits 52-week high on acquisition of Abacus Intl; scrip zooms nearly 10%

News Details

Shares of country’s leading drug maker Piramal Enterprises zoomed nearly 10 per cent, hitting 52-week high, on the Bombay Stock Exchange after the company said it has acquired UK-based market analytics and market access solutions firm Abacus International through its subsidiary for an undisclosed amount.

Extending its past five-days r

Kingfisher Airlines soars nearly 5% on reports of stake sale to Etihad Airways

News Details

Shares of Vijay Mallya led troublesome carrier Kingfisher Airlines soared nearly 5 per cent on the Bombay Stock Exchange and locked in upper circuit on reports of a 48 per cent stake sale to Etihad Airways, for a little over Rs 3,000 crore. As per the media reports, the deal is likely to be announced around December 18.

Cheering the news, s

Sun Pharmaceuticals Industries jumps nearly 5% on block deal

News Details

Shares of country’s leading drug maker Sun Pharmaceuticals Industries jumped nearly 5 per cent on the Bombay Stock Exchange amid block deal. In line with broader market, shares of the company started the day on positive note and witnessed a gain of as much 4.75 per cent to trade at Rs 736.00 piece on BSE.

On the volume front, a combin

BEL soars nearly 5% on signing MoU with Israel Aerospace Industries

News Details

Shares of state-owned electronics company Bharat Electronics Limited (BEL) soared nearly 5 per cent on the Bombay Stock Exchange, buoyed by the signing of a memorandum of understanding (MoU) with Israel Aerospace Industries (IAI) for cooperation on future Long Range Surface to Air Missile (LRSAM) ship-defence systems. Cheering the news, shares of the

Claris Lifesciences plummets over 8% after divesting 80% stake in infusion biz

News Details

Leading drug firm Claris Lifesciences plummeted over 8 per cent on Bombay Stock Exchange (BSE) on Monday after divesting 80 per cent stake in its infusion arm for Rs 1,050 crore. The company, on Friday last week, announced that it has signed a JV agreement with Japan's Otsuka Pharmaceutical Factory Inc and Mitsui & Co Ltd for its infusion busi

Cairn India dips on stock downgrade by Goldman Sachs

News Details

Leader in Oil & Gas exploration and production, Cairn India slipped nearly 1.7 per cent on Bombay Stock Exchange (BSE) on Monday after Goldman Sachs downgraded the stock to ‘neutral’ from ‘buy’, citing downwards risks to its earnings growth based on its medium-term outlook of gradual moderation in oil prices.

Go

NMDC dips over 4% on government stake sale plans

News Details

Weighed down by the government proposal to sell its 10 per cent equity in iron ore miner through the offer-for-sale (OFS) route, shares of state-owned mining company NMDC slipped over 4 per cent on the Bombay Stock Exchange. Reacting to the news, shares of the company started the day on weak note and witnessed a loss of as much 4.47 per cent to trade

Union Bank of India jumps over 2% on fund infusion plan

News Details

Shares of country’s leading public sector lender Union Bank of India jumped over 2 per cent on the Bombay Stock Exchange after the bank expected fund infusion of about Rs 1,000 crore as part of recapitalisation plan of the government. Cheering the news, shares of the company started the day on positive note and witnessed a gain of as much 2.08 p

Reliance Communications gains over 2% on EGoM decision to lower auction price

News Details

Buoyed by the empowered group of ministers (EGoM) decision to fix the reserve price for four key circles which did not receive bids last month at 30 per cent lower for the next auction in the 1800 MHz band, shares of Reliance Communications rose over 2 per cent on the Bombay Stock Exchange.

Cheering the news, shares of the company started t

Sesa Goa slips nearly 4% after Supreme Court imposes ban on mining in Goa

News Details

Weighed down by the Supreme Court ruling to impose complete ban on the mining activities in Goa, shares of country’s leading mining company Sesa Goa slipped by nearly 4 per cent on the Bombay Stock Exchange. The apex court on Friday ordered status quo on the mining ban imposed in Goa which means halt of transportation of minerals lying in the mi

Wipro gains over 3% on winning Rs 1,090 cr technology service contract in Europe

News Details

Shares of country’s leading IT bellwether Wipro gained over 3 per cent on the Bombay Stock Exchange on winning Rs 1,090 crore technology service contract in Europe. The deal, believed to be one of the largest for India's third-largest software services exporter this year, includes providing information technology infrastructure to a European

Pantaloon Retail gains over 2% after govt gets Maya boost in RS

News Details

Shares of country’s leading retailer Pantaloon Retail (India) gained over 2 per cent on the Bombay Stock Exchange after the BSP promised to vote in favour of FDI in the multi-brand Rajya Sabha, giving much relief to the government which is bracing for a crucial vote today. Maintaining optimistic position ahead of crucial voting in RS, shares of

GMR Infrastructure dips over 3% on setback from a Singapore court

News Details

Shares of country’s construction giant GMR Infrastructure dipped over 3 per cent on the Bombay Stock Exchange after the company received another setback from a Singapore court, which ruled that the Maldives government has right to take the Male International Airport back from the Indian private firm. The ruling of Singapore court has reversed th

Tree House Education & Accessories up over 2% on preferential allotment to PE fund

News Details

Continuing its gaining momentum for the second straight session, shares of Tree House Education & Accessories gained over 2 per cent on the Bombay Stock Exchange after the board of directors approved the allotment of equity shares to Aditya Birla Private Equity (PE) and ON Mauritius on preferential basis.

Riding high on the news, shares

BEML jumps over 2% on winning new orders worth Rs 523 cr

News Details

Riding high on winning new order worth Rs 523 crore, shares of country’s leading heavy industrial equipment maker BEML continued its gaining momentum for the second straight session and jumped over 2 per cent on the Bombay Stock Exchange. The company has received Rs 450 crore order from Indian railways and Rs 73-crore order from the Kingdom of S

Sahara Housingfina Corporation gains over 5% after Supreme Court gives more time to repay investors

News Details

Shares of Sahara Housingfina Corporation gained over 5 per cent on the Bombay Stock Exchange after the Supreme Court gave more time to the Sahara group to pay off investors. Cheering the news, shares of the company started the day on positive note and witnessed a gain of as much 5.20 per cent to trade at Rs 72.80 piece on BSE.

Sahara group

Shoppers Stop soars over 6% after Parliament vote in favour of FDI in retail in Lok Sabha

News Details

Shares of Shoppers Stop, an Indian department store chain promoted by the K Raheja Corp Group (Chandru L Raheja Group), surged over 6 per cent on the Bombay Stock Exchange after UPA II government won the Parliament vote in favour of FDI in retail in Lok Sabha. Parliament vote in favour of FDI in retail has increased the hope of foreign supermarkets to

MphasiS jumps over 3% on robust Q4 numbers

News Details

Riding high on the robust fourth quarter earnings, shares of country’s leading information technology services MphasiS jumped over 3 per cent on the Bombay Stock Exchange. The HP-owned IT services company has reported a year-on-year growth of 14.3 per cent in consolidated net profit at Rs 209.31 crore for the fourth quarter ended October 31, 201