AstraZeneca Pharma plunges over 17% on fixing OFS price at discount

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Shares of drug maker AstraZeneca Pharma tanked over 17 per cent in early trade on Bombay Stock Exchange (BSE) after its parent company fixed offer-for-sale (OFS) price at steep discount. AstraZeneca Pharmaceuticals AB Sweden, the promoter of the company, has fixed the share sale price at Rs 490 per share, 39 lower than Monday’s closing price of

Coal India surges over 5% on better-than-expected Q4

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Shares of state-controlled Coal India rallied over 5 per cent in early trade on Bombay Stock Exchange (BSE) after posting better-than-expected fourth quarter earnings number. The world’s largest coal producer has reported 35 per cent year-on-year (yoy) jump in its consolidated net profit at Rs 5,413 crore for the fourth quarter ended March 31, 2

Britannia Industries hits 52-week high on robust Q4; scrip zooms over 15%

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Shares of Britannia Industries, an Indian food-products corporation based in Kolkata, surged over 15 per cent, hitting 52-week high, in early trade on Bombay Stock Exchange (BSE) after posting strong set fourth quarter earnings. The confectionery major posted 65.66 per cent rise in net profit at Rs 87.85 crore for the fourth quarter ended March 31. C

Spicejet tanks over 6% on disappointing March quarter numbers

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Shares of Spicejet, an Indian low-cost airline owned by the Sun Group, slipped over 6 per cent in early trade on Bombay Stock Exchange (BSE) on posting lower-than-estimated March quarter earnings numbers. The domestic carrier posted a massive Rs186-crore loss for the quarter ended March 31, 2013, surprising analysts who expected the airline to break

Reliance Communications spurts over 3% on raising call rates

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Shares of Anil Ambani-owned Reliance Communications jumped over 3 per cent in early trade on Bombay Stock Exchange (BSE) after the telecom major raised basic rates for both GSM and CDMA pre-paid services. The company has raised cal rate for both GSM and CDMA pre-paid mobile-to-mobile calls by 33 per cent to 2 paise per second from 1.5 paise per second

Wockhardt soars nearly 8% ahead of Q4

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Shares of drug maker Wockhardt surges nearly 8 per cent in early trade on Bombay Stock Exchange (BSE) ahead of its fourth quarter earnings number. The pharma major is expected to report 70 per cent rise in its net profit figure for the quarter ended March 2013 to Rs 346 cr, as compared to Rs 204 crore reported in the year ago period. Riding high on ho

RIL surges nearly 4% on new gas find in KG-D6 block

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Shares of oil and gas major Reliance Industries jumped nearly 4 per cent in early trade on Bombay Stock Exchange (BSE) on reports that the company and its partners BP and NIKO have found a significant gas and condensate discovery in the KG D6 block. Though, the company has not yet disclosed the amount of possible reserves the discovery may hold but th

Wockhardt tanks 19% after USFDA import alert

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Shares of pharmaceutical firm Wockhardt Ltd fell as much as 19 per cent in the morning trade on Bombay Stock Exchaneg (BSE) after USFDA issued an "import alert" on medicines manufactured at company’s plant at Aurangabad in Maharashtra following a safety inspection. The issue of import alert means that drugs manufactured at this Aurang

Sun Pharma tanks 4% on Taro’s disappointing Q4 numbers

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Shares of Sun Pharma fell as much as 4 per cent in the morning trade on Bombay Stock Exchange (BSE) after its Israeli subsidiary Taro reported fall in operating margins for the fourth quarter ended March 2013. Taro’s operating profit margin fell by 7.4 per cent to 38.2 per cent in Jan-Mar quarter as against 45.6 per cent in a year ago period.

Tata Steel rallies over 6.5% on value buying post Q4 numbers

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Shares of Tata Steel rallied as much as 6.6 per cent in the morning trade on Bombay Stock Exchange (BSE) despite posting a net loss of Rs 6,528.5 crore in the fourth quarter of previous fiscal. Analysts said that stock has gained amid short covering and value buying at lower levels while the loss in Q4, which is mainly due to goodwill write-down of R

SBI falls ahead of Q4 earnings

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Shares of the country’s largest lender State Bank of India (SBI) fell around 3.7 per cent during the mid-session on Bombay Stock Exchange (BSE) amid expectations that bank will report a sharp 12 per cent fall Q4 FY’13 net profits at Rs 3,570 crore. Analysts are expecting the bank to show higher provisions against restructured loans and wag

BHEL tanks over 4% ahead of Q4 numbers

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Shares of state-run capital good maker Bharat Heavy Electricals Ltd (BHEL) plunged over 4 per cent in the morning trade on Bombay Stock Exchange (BSE) ahead of the Q4 numbers today. The results of BHEL are coming a day after its closest rival L&T disappointed the street with worse-than-expected 7 per cent decline in Jan-Mar net profits.

Ranbaxy tanks nearly 8% on reports of DCGI probe after USFDA settlement

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Shares of Ranbaxy Laboratories Ltd tanked nearly 8 per cent in the morning trade on Bombay Stock Exchange (BSE) on reports that Drug Controller General of India (DCGI) has started investigating all the dossiers and drug applications of the company on the basis of which it was granted approvals. The move comes after company agreed to pay a fine of USD

L&T extends fall on dismal Q4 numbers

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Shares of Larsen & Toubro Ltd (L&T) were down over 3 per cent in the early morning trade on Bombay Stock Exchange (BSE), after plunging around 6 per cent yesterday, on disappointing Jan-Mar quarter numbers. The company announced 7 per cent decline in net profits for Q4 FY’13 at Rs 1,788 crore as compared to Rs 1,920 crore during Q4 FY&rs

AstraZeneca Pharma dips over 3% on disappointing Q4

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Shares of drug maker AstraZeneca Pharma India fell over 3 per cent in early trade on Bombay Stock Exchange (BSE) on reporting weak set fourth quarter earnings number. The drug firm has posted a net loss of Rs 18.57 crore for the fourth quarter ended March 31, 2013. Reacting to numbers, shares of company declined as much as 3.29 per cent to trade at Rs

JSW Energy falls over 3% on offer for sale of shares by promoter

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Shares of JSW Energy, a subsidiary of the JSW Group based in Mumbai, dipped over 3 per cent in early trade on Bombay Stock Exchange (BSE) after one of the promoters, Sangita Jindal, announced to sell 2.82 crore shares - worth over Rs 190 crore - through the offer for sale (OFS) route on Wednesday. "Sangita Jindal (the "Seller"), one of

Prestige Estates Projects surges over 6% on strong Q4 earnings

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Shares of real estate firm Prestige Estates Projects jumped over 6 per cent in early trade on Bombay Stock Exchange (BSE) on reporting strong set fourth quarter earnings number. The real estate firm reported more than two-fold jump in standalone net profit at Rs 89.03 crore for the fourth quarter of 2012-13. Buoyed by earnings number, shares of compa

Oracle Financial Services Software slips nearly 3% on fixing OFS price at a discount

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Shares of Oracle Financial Services Software fell nearly 3 per cent in early trade on Bombay Stock Exchange (BSE) after the promoter of IT consulting and services firm set the floor price for its offer for sale (OFS) at a discount at Rs 2,275 per share. Oracle Global Mauritius, the promoter of the company plans to sell 4.43 million equity shares at a

Tech Mahindra jumps nearly 7% on robust Q4

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Shares of Tech Mahindra, an Indian IT outsourcing company, surges nearly 7 per cent in early trade on Bombay Stock Exchange (BSE) on reporting strong set fourth quarter earnings number. The software exporter posted a 25 per cent increase in its consolidated net profit at Rs 377.24 crore for the quarter ended March 31, 2013.

Cheering the num

Akzo Nobel India hits 52-week high on dividend declaration

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Shares of Akzo Nobel India, the fourth largest player in the domestic paint industry in terms of revenues, surges over 11 per cent, hitting 52-week high, in early trade on Bombay Stock Exchange (BSE) after its board recommended a total dividend of 800 per cent or Rs 80 per share including special dividend for the financial year 2012-13. The board of d

Coal India gains over 2% on robust Q4

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Share of state-controlled coal producer Coal India Ltd (CIL) spurts over 2 per cent in early trade on Bombay Stock Exchange (BSE) on strong set fourth quarter earnings number. The company has reported a nearly 90-percent jump in standalone net profit at Rs 2,320.61 crore for the fourth quarter ended March 31.

Buoyed by development, shares o

Styrolution ABS tanks over 6% on fixing of OFS price at Rs 400

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Shares of Styrolution ABS (India), fell over 6 per cent in early trade on Bombay Stock Exchange (BSE after its parent company has fixed the share sale price at Rs 400 per share. The promoter of Styrolution ABS, Styrolution Jersey (the parent company) proposes to sell 2.17 million equity shares representing 12.3 per cent of the total paid up equity sha

Divi's Laboratories dips over 5% on weak Q4

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Shares of drug maker Divi's Laboratories tanked over 5 per cent in early trade on Bombay Stock Exchange (BSE) on weak set fourth quarter earnings number. The company has reported a 16.75 per cent decline in its consolidated net profit at Rs 180.57 crore for the fourth quarter ended March 31, 2013, due to foreign exchange loss during the period. We

Voltas slips over 3% on disappointing Q4

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Shares of Voltas, India’s leading AC Company, fell over 3 per cent in early trade on Bombay Stock Exchange (BSE) on weak set fourth quarter earnings number. The Tata group firm reported a whopping decline of 91 per cent in consolidated net profit at Rs 9 crore for the quarter ended March 31, 2013.

Reacting to numbers, shares of compan

Tata Motors jumps over 3% on issuing Rs 1,525 cr senior notes

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Shares of auto giant Tata Motors spurts over 3 per cent in early trade on Bombay Stock Exchange (BSE) after its subsidiary TML Holdings Pte Ltd had issued and allotted S$350 million (about Rs.1,525 crore) of senior notes due 2018. “Tata Motors announces that TML Holdings Pte Ltd., a wholly-owned subsidiary of Tata Motors, issued and allotted S$3