Tata Steel dips nearly 3% as Q1 loss widens

Shares of Tata Steel fell nearly 3 per cent on the Bombay Stock Exchange after the company reported that its consolidated net loss widened over ten-fold to Rs 3,183.07 crore in the April-June quarter of 2016, hurt by discontinued operations.

Weighed down by Q1 earnings, shares of company declined as much as 2.73 per cent to trade at 363.40 apiece on Bombay Stock Exchange. In a similar

Lanco Infratech plunges nearly 6% on disappointing Q1

Shares of Lanco Infratech tumbled nearly 6 per cent on the Bombay Stock Exchange after the India’s leading business conglomerate reported that its consolidated net loss widened to Rs 448.88 crore in June quarter as compared to net loss of Rs 316.52 crore for the same quarter last year.

Weighed down by Q1 earnings, shares of company declined as much as 5.80 per cent to trade at 4

ICICI Bank shares down 4% on investment in Resurgent Power

Shares of ICICI Bank tumbled over 4 per cent on the Bombay Stock Exchange after the country’s largest private sector lender announced investment of 10 per cent in the equity capital of Resurgent Power Ventures Pte. Following the announcement, shares of bank declined as much as 4.06 per cent to trade at 263.00 apiece on Bombay Stock Exchange. In a similar fashion, stocks of lender fell 2.2

Patel Engineering hits roof; rallies 100% in 7-days

Shares of Patel Engineering surged 5 per cent and locked in upper circuit on the Bombay Stock Exchange as the engineering and construction company hopes that its debt would reduce in half with Cabinet decision on arbitration awards. “The company has won arbitration award in excess of Rs 2,500 crore. With the recent Cabinet decision, the company will get 75 per cent of this amount immediat

YES Bank continues losing spree; shares tank 6% on QIP deferment

Shares of YES Bank plunged nearly 6 per cent in opening on the Bombay Stock Exchange after the private sector lender deferred its proposed qualified institutional placement (QIP) of shares. Continuing its losing streak, shares of bank declined as much as 5.92 per cent to trade at 1201.55 apiece on Bombay Stock Exchange. In a similar fashion, stocks of lender fell 4.70 per cent to Rs 1,216.25 ap

HDIL shares tumble 7% on disappointing Q1

Shares of Housing Development and Infrastructure Limited (HDIL) plunged over 7 per cent in opening on the Bombay Stock Exchange after the company announced that its consolidated net profit for the first quarter ended June 30, 2016 fell by 30 per cent at Rs 40.89 crore from the same period a year ago as revenue declined.

Weighed down by earnings, shares of company declined as much as 7

Infosys shares up 1% on bagging IT contract in Saudi Arabia

Shares of IT bellwether Infosys rose over 1 per cent on the Bombay Stock Exchange after the It major entered into a joint venture pact with Saudi Prerogative Company in the Kingdom of Saudi Arabia to conduct IT services for customers in the Kingdom of Saudi Arabia. Boosted by the development, shares of company gained as much as 1.40 per cent to trade at 1048.90 apiece on Bombay Stock Exchange.

Jubilant Foodworks tumbles nearly 10% on weak Q1

Shares of Jubilant Foodworks plunged nearly 10 per cent on the Bombay Stock Exchange after the company reported a decline of 31.08 per cent in its June quarter net profit to Rs 19 crore, as against Rs 27.57 crore during the previous corresponding quarter. Weighed down by earnings, shares of company, which operates Domino’s Pizza and Dunkin Donuts chains in India, declined as much as 9.75

Oil India up despite weak June quarter result

Shares of Oil India rallied 1.17 per cent on the Bombay Stock Exchange (BSE) despite a decline of 33.5 per cent in its standalone net profit after taxes (PAT) at Rs 494.41 crore for the April-June quarter of FY 17. “The standalone net profit of the company stood at Rs 743.21 crore during the same period a year ago,” Oil India Ltd said in a filing to the Bombay Stock Exchange on Sept

IL&FS Engineering jumps nearly 4% on order from GAIL

Shares of IL&FS Engineering and Construction soared nearly 4 per cent on the Bombay Stock Exchange after the company said it has won an order worth Rs 173.13 crore from GAIL. The order is for laying and construction of pipeline along with associated works at FACT Udyog Mandal of Phase-I and Kochi-Kootanand-Bangalore-Mangalore pipeline project Phase-II in Kerala, the company said in a filing

Aptech rises 10% after Rakesh Jhunjhunwala & family raise stake

Shares of Aptech jumped 10 per cent on the Bombay Stock Exchange after promoter Rakesh Jhunjhunwala and other persons acting in his concert raise stake in the company to 49.30 per cent. "From the period from August 9 to September 7, I along with persons acting in my concert have purchased 16,03,740 equity shares of the company," Rakesh Jhunjhunwala said in company's filing. With t

ONGC gains despite weak June quarter result

Shares of Oil & Natural Gas Corporation Ltd (ONGC) rallied over 2 per cent on the Bombay Stock Exchange (BSE) despite a decline of 21.2 per cent in its standalone net profit after taxes (PAT) at Rs 4,232.54 crore for the April-June quarter of FY 17 as oil prices slumped and its output fell. “The standalone net profit of the company stood at Rs 5,368.36 crore during the same period a y

Alstom T&D India slips over 3% on weak Q1 results

Shares of Alstom T&D India Ltd slipped over 3 per cent on the Bombay Stock Exchange (BSE) after reported a net loss of Rs 197.41 crore during the April-June quarter ended June 30, 2016. “The standalone net profit after tax (PAT) of the company stood at Rs 10.15 crore in the same period a year ago,” said Alstom T & D India Ltd in a filing to the Bombay Stock Exchange. The nam

Zensar Technologies zooms after winning new order

Shares of Zensar Technologies jumped nearly 8 per cent on the Bombay Stock Exchange after the company said it secured multi-million dollar digital transformation project from Avis Fleet in South Africa. Spread over a time-period of two years, the project involves adding scalability and agility to the company's strategic technology roadmap, Zensar Technologies said in a statement. Zensar wil

SAIL slips over 5% on weak Q1 results

Shares of Steel Authority of India Ltd slipped over 5 per cent on the Bombay Stock Exchange (BSE) after reported a net loss of Rs 535.52 crore during the April-June quarter ended June 30, 2016. “The standalone net loss of the company stood at Rs 248.18 crore in the same period a year ago,” said Steel Authority of India Ltd in a filing to the Bombay Stock Exchange.

Its tota

SAIL slips over 5% on weak Q1 results

Shares of Steel Authority of India Ltd slipped over 5 per cent on the Bombay Stock Exchange (BSE) after reported a net loss of Rs 535.52 crore during the April-June quarter ended June 30, 2016. “The standalone net loss of the company stood at Rs 248.18 crore in the same period a year ago,” said Steel Authority of India Ltd in a filing to the Bombay Stock Exchange.

Its tota

Hindustan Composites soars 16% on robust Q1 earnings

Shares of Hindustan Composites rose over 16 per cent on the Bombay Stock Exchange after net profit rose 94.79 per cent to Rs 12.35 crore on 41.8 per cent rise in net sales to Rs 51.07 crore in Q1 June 2016 overQ1 June 2015. Following the announcement, shares of company gained as much as 16.29 per cent to trade at Rs 1542.10 apiece on Bombay Stock Exchange.

In a similar fashion, stocks

Zensar Technologies zooms after winning new order

Shares of Zensar Technologies jumped nearly 8 per cent on the Bombay Stock Exchange after the company said it secured multi-million dollar digital transformation project from Avis Fleet in South Africa. Spread over a time-period of two years, the project involves adding scalability and agility to the company's strategic technology roadmap, Zensar Technologies said in a statement.

Alstom T&D India slips over 3% on weak Q1 results

Shares of Alstom T&D India Ltd slipped over 3 per cent on the Bombay Stock Exchange (BSE) after reported a net loss of Rs 197.41 crore during the April-June quarter ended June 30, 2016.

“The standalone net profit after tax (PAT) of the company stood at Rs 10.15 crore in the same period a year ago,” said Alstom T & D India Ltd in a filing to the Bombay Stock Exchang

Orient Paper zooms as board mulls business rejig

Shares of Orient Paper & Industries rose nearly 8 per cent on the Bombay Stock Exchange after the company said that its board will consider rights issue of shares and restructuring of business.

“The board will meet on 15 September 2016 to consider raising funds by way of rights issue of equity shares. The board will also consider various options for business restructuring of

ONGC gains despite weak June quarter result

Shares of Oil & Natural Gas Corporation Ltd (ONGC) rallied over 2 per cent on the Bombay Stock Exchange (BSE) despite a decline of 21.2 per cent in its standalone net profit after taxes (PAT) at Rs 4,232.54 crore for the April-June quarter of FY 17 as oil prices slumped and its output fell.

“The standalone net profit of the company stood at Rs 5,368.36 crore during the same

Aptech rises 10% after Rakesh Jhunjhunwala & family raise stake

Shares of Aptech jumped 10 per cent on the Bombay Stock Exchange after promoter Rakesh Jhunjhunwala and other persons acting in his concert raise stake in the company to 49.30 per cent.

"From the period from August 9 to September 7, I along with persons acting in my concert have purchased 16,03,740 equity shares of the company," Rakesh Jhunjhunwala said in company's fili

IL&FS Engineering jumps nearly 4% on order from GAIL

Shares of IL&FS Engineering and Construction soared nearly 4 per cent on the Bombay Stock Exchange after the company said it has won an order worth Rs 173.13 crore from GAIL. The order is for laying and construction of pipeline along with associate

works at FACT Udyog Mandal of Phase-I and Kochi-Kootanand-Bangalore-Mangalore pipeline project Phase-II in Kerala, the company said in

Oil India up despite weak June quarter result

Shares of Oil India rallied 1.17 per cent on the Bombay Stock Exchange (BSE) despite a decline of 33.5 per cent in its standalone net profit after taxes (PAT) at Rs 494.41 crore for the April-June quarter of FY 17.

“The standalone net profit of the company stood at Rs 743.21 crore during the same period a year ago,” Oil India Ltd said in a filing to the Bombay Stock Exchan

Infosys shares up 1% on bagging IT contract in Saudi Arabia

Shares of IT bellwether Infosys rose over 1 per cent on the Bombay Stock Exchange after the It major entered into a joint venture pact with Saudi Prerogative Company in the Kingdom of Saudi Arabia to conduct IT services for customers in the Kingdom of Saudi Arabia. Boosted by the development, shares of company gained as much as 1.40 per cent to trade at 1048.90 apiece on Bombay Stock Exchange.