GSK Consumer gains over 4% on strong Q3 earnings

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Shares of GlaxoSmithkline Consumer Healthcare (GSKCH) surged over 4 per cent after reporting 25 per cent year-on-year (yoy) jump in net profit at Rs 129 crore for the third quarter ended September 30. Net sales grew 15 per cent at Rs 828 crore on y-o-y basis. Commenting on the results, Zubair Ahmed, MD of GSKCH said, “he strong results in the th

Cinemax India hits upper circuit on back of jump in trading volumes

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Shares of Cinemax India has soared 20 per cent to lock upper circuit on back of jump in trading volumes on the Bombay Stock Exchange (BSE). A combined 481,494 shares have already changed hands on the counter and there are pending buy orders for 214,522 shares on the BSE and NSE. The stock of multiplex chain operator has rallied 73 per cent since its l

Mahindra & Mahindra hits 52-week high on healthy October sales numbers

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Shares of Mahindra & Mahindra gained nearly 2 per cent to touch a new 52 weeks high of Rs 915.50 after reporting highest ever monthly sales of 53,438 units in October 2012. The company had sold 41,506 units in the same month last year. M&M stock has gained nearly 10 per cent in the past seven trading days after the company reported a better-th

Wipro Q2 net up 24% at Rs 1611 cr, stock gains over 3%

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Shares of Wipro Ltd. gained over 3 per cent in the early trade on Bombay Stock Exchange (BSE) after the country's third largest software services exporter posted 23.8 per cent growth in its net profit for the quarter ended September 30, 2012 at Rs 1610.6 crore. The company’s net profit for the same quarter last fiscal stood at Rs 1300.9 cror

Maruti Suzuki jumps over 1% strong Oct sales numbers

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Riding high on the strong October sales numbers, shares of the country’s largest car maker, Maruti Suzuki India, jumped over 1 per cent on the Bombay Stock Exchange. The auto major has reported a growth of 85.5 per cent in its October sales numbers at 1,03,108 units corresponding to 55595 units in a year ago period.

Cheering the numbe

Titan Industries soars 8% on good set of numbers

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Buoyed by the second quarter numbers, shares of Tata Group’s Titan Industries soared 8 per cent on the Bombay Stock Exchange. The company has reported a growth of 21.3 per cent in its net profit for the quarter ended September 30, 2012 at Rs 180.14 crore corresponding to Rs 148.45 crore in the same period last year. Cheering the numbers, shares

Wipro soars nearly 7% on demerger of consumer care and lighting business

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Buoyed by the approval of demerger of consumer care and lighting business unit, shares of country’s leading IT firm Wipro soared nearly 7 per cent on the Bombay Stock Exchange. Wipro Consumer Care and Lighting (WCCLG) is a business unit of Wipro Limited operates in the FMCG segment offering a wide range of consumable commodities. The consumer ca

HUL continues to fall post Q2 numbers; scrip slips 3%

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Continuing its fall since the announcement of disappointing volumes growth in second quarter ended September 2012, shares of country’s leading FMCG firm Hindustan Unilever Ltd slipped 3 per cent on the Bombay Stock Exchange. In line with benchmark indices, shares of the company started the day on a weak note and witnessed a loss of as much 3.01

RIL dips 2% on Kejriwal's allegations against Mukesh Ambani

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Weighed down by India Against Corruption (IAC) leader Arvind Kejriwal serious allegation against company owner Mukesh Ambani, shares of the country’s most valued firm Reliance industries Ltd (RIL) dipped by 2 per cent on the on the Bombay Stock Exchange. RIL chairman Mukesh Ambani came under attack from IAC for allegedly influencing the decision

IL & FS Engineering and Construction gains over 4% on bagging new orders

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Shares of the country’s leading construction firm IL&FS Engineering and Construction gained over 4 per cent on the Bombay Stock Exchange on bagging new order worth Rs 445 crore. The company has received a Letter of Intent (LoI) from IL&FS Prime Terminals FZC for construction of storage tank terminal at Fujairah, UAE. Cheering the news, s

Mahindra Satyam gains over 2% on better-than-expected Q2 numbers

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Buoyed by better-than-expected second quarter numbers, shares of Information, communications and technology giant Mahindra Satyam (previously known as Satyam Computer Services) gained over 2 per cent on the Bombay Stock Exchange. The company has reported a 16.7 per cent growth in its net profit for the quarter ended September 30, 2012 at Rs 277.93 cro

Maruti Suzuki beats the Street despite Q2 loss; scrip jumps over 2%

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Despite of marginal decline in second quarter numbers, shares of the country’s largest car maker Maruti Suzuki India gained over 2 per cent on the Bombay Stock Exchange after results came in above analyst expectations. The auto major has reported the decline of 5.4 per cent in its net profits for the second quarter ended September 2012 at Rs 227

Glenmark Pharmaceuticals soars over 7% on strong Q2 numbers

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Riding high on the strong second quarter numbers, shares of the country’s leading drug maker Glenmark Pharmaceuticals soared over 7 per cent on the Bombay Stock Exchange. The pharma major has reported a three times rise in net profit to Rs 157 crore in Q2 Y-o-Y. Cheering the numbers, shares of the company started the day on positive note and wit

TVS Motor dips over 4% ahead of Q2 numbers

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Ahead of second quarter numbers scheduled to come later today, shares of two-wheeler maker TVS Motor Company dipped over 4 per cent on the Bombay Stock Exchange. The market analysts on an average expect profit after tax of the company to fall by 44 percent YoY to Rs 42.8 crore in Q2. Reacting to the news, shares of the company started the day on weak

TV Today Network jumps nearly 6% on report of 51% stake buy by Birla Group

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Triggered by the media report that AV Birla group may buy a 51 per cent stake in Living Media (India Today Group), shares of news broadcaster TV Today Network jumped nearly 6 per cent on the Bombay Stock Exchange. Cheering the news, shares of the company started the day on positive note and witnessed a gain of as much 5.80 per cent to trade at Rs 77.5

ICICI Bank gains over 1% ahead of Q2 numbers

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Ahead of the second quarter numbers due to come later today, shares of country’s largest private sector lender ICICI Bank gained over 1 per cent on the Bombay Stock Exchange. The market analyst on an average expected the company's profit after tax (PAT) to grow by 22 percent year-on-year to Rs 1,829 crore for the quarter. Expecting robust nu

Zee News dips 5% on JSPL claims

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Weighed down by the Jindal Steel and Power Chairman Naveen Jindal’s claim that Subhash Chandra-promoted news broadcaster tried to blackmail his company and extort money, shares of Zee News dipped 5 per cent on the Bombay Stock Exchange. Jindal has released a video clips as an evidence to support his companies allegation against Zee News and alle

Kingfisher Airlines gains over 4% after employees return to work

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Continuing its gaining momentum for the second consecutive day after employees agreed to return to work after the 25-day strike, shares of Kingfisher Airlines jumped over 4 per cent and locked on upper circuit on the Bombay Stock Exchange. Cheering the news, shares of the company started the day on positive note and witnessed a gain of as much 4.59 pe

Investors give thumbs-down to CESC on acquisition of Firstsource Solutions; scrip plunges over 18%

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Amid rising concern that aggressive buying of business process outsourcing (BPO) firm Firstsource Solutions may put pressure on the balance sheet of the company, shares of CESC plunged over 18 per cent on the Bombay Stock Exchange. Sanjiv Goenka-led CESC has announced that it is set to acquire 49.5 per cent stake in India’s fifth-largest busines

United Spirits dips over 3% after management control issue looms over Diageo deal

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Weighed down by the media report that company’s deal with Diageo stuck over issues related to management control, shares of United Sprits dipped over 3 per cent on Bombay Stock Exchange. Reacting to the news, shares of the company started the day on weak note and witnessed a loss of as much 3.64 per cent to trade at Rs 1,218.35 a piece on BSE. I

Kingfisher Airlines snap 4-day losing streak; scrip jumps nearly 5% on management comments

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Riding high on the management claim that most of the employees have agreed to resume work from Friday, shares of troublesome carrier Kingfisher Airlines jumped nearly 5 per cent, snapping 4-day losing streak, and locked on upper circuit on the Bombay Stock Exchange. The CEO of the airline Sanjay Aggarwal had claimed that most of the employees have agr

Peninsula Land continues gaining streak post Q2; scrip hits new 52-week high

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Continuing its gaining streak for the third straight session, shares of real estate developer Peninsula Land zoomed over 10 per cent, hitting new 52-week high, on the Bombay Stock Exchange. Stocks of the company have been in upbeat mood post Q2 numbers asthe Mumbai-based real estate developer clocked revenues of Rs 286.7 crore, sharply above the Rs 49

Sterlite Industries jumps over 4% on robust Q2 numbers

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Buoyed by the strong second quarter number ended September 2012, shares of India's largest non-ferrous metals and mining company Sterlite Industries jumped over 4 per cent on the Bombay Stock Exchange. The company has reported better-than-expected growth of 75 per cent in its net profit for the second quarter ended September 30, 2012 at Rs 1,743 c

Firstsource Solutions soars over 7% on report of acquisition by RPG group’s Sanjiv Goenka

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Riding high on the media report that RPG Group patriarch Rama Prasad Goenka’s younger son, Sanjiv Goenka is set to acquire the BPO major, share of Firstsource Solutions soared over 7 per cent on the Bombay Stock Exchange. Cheering the news, shares of the company started the day on a positive note and witnessed a gain of as much 7.33 per cent to