TCS gains over 2% on robust Q2 profit

Shares of Tata Consultancy Services (TCS) rose over 2 per cent on the Bombay Stock Exchange after the country's largest software exporter reported a growth of 8.4 per cent in its consolidated net profit after taxes (PAT) at Rs 6,603 crore for the second quarter ended September 30, 2016.

Boosted by Q2 profit, shares of company gained as much as 2.40 per cent in intra-day to trade a

Infosys slips to 52-week low on FY17 revenue guidance cut

Shares of Infosys tumbled over 5 per cent, hitting 52-week low, on the Bombay Stock Exchange after the IT bellwether trimmed its revenue guidance to 8-9 per cent for FY17 from 10.5-12 per cent in constant currency terms.

Weighed down by the development, shares of company declined as much as 5.31 per cent and touched 52-week low in intra-day to trade at Rs 996.15 apiece on Bombay Stock

J&K Bank nosedives 18% ahead of conference call

Shares of state-controlled Jammu & Kashmir Bank tumbled over 18 per cent on the Bombay Stock Exchange ahead of the bank’s conference call of chairman & CEO with investors

. In line with benchmark indices, shares of bank declined as much as 18.36 per cent in intra-day to trade at Rs 71.10 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of lender fe

Cipla rises over 3% as Indore unit gets EIR from USFDA

Shares of Cipla jumped over 3 per cent on the Bombay Stock Exchange after the drug maker said that its Indore facility has received establishment inspection report (EIR) from US Food & Drug Administration (FDA). Following the announcement, shares of company gained as much as 3.16 per cent in intra-day to trade at Rs 598.90 apiece on Bombay Stock Exchange.

In a similar fashion, sto

Sunil Hitech hits fresh 52-week high on bonus issue

Shares of Sunil Hitech Engineers rallied nearly 11 per cent, hitting fresh 52-week high, on the Bombay Stock Exchange after the company said that its board approved issue of bonus shares in the ratio of 1:1. “The issue of bonus shares in the proportion of 1 equity share for every 1 existing equity share held by the members of the company,” Sunil Hitech Engineers said in a filing to

Vedanta extends rally on fund raising plan, scrip jumps over 3%

Shares of Vedanta, a metals and mining company, rose over 3 per cent on the Bombay Stock Exchange after its board approved issuance of non-convertible debentures upto Rs 1,250 crores. In line with benchmark indices, shares of company gained as much as 3.36 per cent in intra-day to trade at 201.35 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company rose 3.10 per ce

Sunil Hitech Engineers hits 52-week high on bonus issue

Shares of Sunil Hitech Engineers rallied nearly 12 per cent, hitting 52-week high, on the Bombay Stock Exchange after the company said that its board will meet on Tuesday, October 11, 2016, to consider issue of bonus shares to existing shareholders. “The board of directors of the company is scheduled to be held on October 11, 2016, to consider, discuss and approve the issue of bonus share

Tata Steel up nearly 3% on robust Q2 sales

Shares of Tata Steel rose nearly 3 per cent on the Bombay Stock Exchange after the company’s sales rose year on year 12 per cent to 2.62 million tonnes (MT) in the quarter e

Boosted by the development, shares of company gained as much as 2.85 per cent in intra-day to trade at 418.00 apiece on Bombay Stock Exchange. In a similar fashion, stocks of company rose 2.66 per cent to Rs

ABG Shipyard falls over 2% on disinvestment plan

Shares of ABG Shipyard slipped over 2 per cent on the Bombay Stock Exchange after the Ahmedabad-based shipbuilding company said that its board approved divestment of its subsidiary Western India Shipyard.

“The board of directors of the company at its meeting held on October 06, 2016, inter-alia, has decided and approved, divestment of its subsidiary Western India Shipyard Limite

MOIL falls over 2% post purchase of mine land

Shares of MOIL fell over 2 per cent on the Bombay Stock Exchange after the state-owned manganese-ore mining company said it has purchased land adjacent to its Balaghat mine in Madhya Pradesh. “Government of Madhya Pradesh has issued notification to reserve the area of 372.701 Ha. of Land in favour of MOIL Limited in Balaghat Dist., Madhya Pradesh,” MOIL said in a filing to BSE.

Fiem Industries jumps over 4% on deal with Japanese firms

Shares of Fiem Industries soared over 4 per cent, hitting 52-week high, on the Bombay Stock Exchange after the company signed a "Technology License and Assistance Agreement" (TAA) with Aisan Industry Co., Ltd., Japan and Toyota Tsusho Corporation, Japan for manufacturing of ‘Canister’.

Boosted by the development, shares of company gained as much as 4.52 per cent

Tata Motors gains over 2% on robust JLR Sept sales

Shares of Tata Motors rose over 2 per cent on the Bombay Stock Exchange after the country’s leading automobile company said that Jaguar land rover achieved strong global sales in September. “Jaguar Land Rover reported its best ever September retail sales of 61,047 vehicles, up 28 per cent compared to September 2015,” Tata Motors said in a filing to the BSE.

Boosted b

NR Agarwal Ind zooms over 13% on exit from CDR

Shares of NR Agarwal rallied over 13 per cent, hitting 52-week high, on the Bombay Stock Exchange after the company said that it has exited from corporate debt restructuring (CDR) subject to payment of recompense amount.

“The Corporate Debt Restructuring (CDR) Cell had approved the exit of the company from CDR subject to payment of recompense amount,” NR Agarwal said in a

IDBI Bank jumps over 5% on govt stake sale buzz

Shares of IDBI Bank jumped over 5 per cent on the Bombay Stock Exchange after Economic Times reported that the government is mulling to bring its stake down to 52 per cent in the bank.

Riding high on media report, shares of bank gained as much as 5.29 per cent in intra-day to trade at 73.55 apiece on Bombay Stock Exchange. In a similar fashion, stocks of lender rose 3.66 per cent to R

Raminfo jumps nearly 5% on bagging new order

Shares of Raminfo rallied nearly 5 per cent on the Bombay Stock Exchange after the IT services company said that it has been awarded for providing and operation of total solution based package comprising of hardware, software connectivity for deployment, customization and successful replication, implementation and diversification of citizen centric services/public utility interface through e-su

Ruchi Soya surges 12% on MOU with Government of Arunachal Pradesh

Shares of Ruchi Soya rallied nearly 12 per cent on the Bombay Stock Exchange after the company signed a memorandum of understanding (MOU) with the Government of Arunachal Pradesh to boost palm oil production through development of quality palm plantations and human capacity building.

Under the MOU, Ruchi Soya will promote and encourage development of oil palm in 25,000 hectares in zon

Jindal Steel tanks over 5% as company defaults on NCD payment

Shares of Jindal Steel and Power, an Indian steel and energy company, tumbled over 5 per cent on the Bombay Stock Exchange after media reported that the Jindal group company defaulted on interest payment to bondholders that were due on September 30. According to Economic Times report, the non-convertible debentures (NCDs) had a coupon rate of 9.8 per cent with about two 10-year maturities.

IOC surges over 6% on fixing record date for bonus issue

Shares of state run-Indian Oil Corporation (IOC) jumped over 6 per cent on the Bombay Stock Exchange after the company fixed October 19, 2016 as the record date for the purpose of ascertaining the eligibility of shareholders for issuance of bonus shares in the ratio of 1:1.

Following the announcement, shares of company gained as much as 6.7 per cent in intra-day to trade at Rs 656.60

Grasim Ind turns ex-stock split; scrip climbs over 2%

Shares of Grasim Industries rose over 2 per cent on the Bombay Stock Exchange after the stock turned ex-stock split in the ratio of 5:1 on Thursday. The company has fixed October 08, 2016 as the record date for the purpose of sub-division of each equity share of the company having a face value of Rs 10 each fully paid-up into 5 equity shares of the face value of Rs 2 each fully paid-up.

Bhushan Steel jumps nearly 4% on plans to raise fund

Shares of Bhushan Steel climbed nearly 4 per cent on the Bombay Stock Exchange after the company said that its shareholders have approved the company's proposal to raise up to Rs 1,155 crore through issue of redeemable cumulative preference shares.

oosted by the development, shares of company gained as much as 3.81 per cent in intra-day to trade at Rs 44.90 apiece on Bombay Stock

Tourism Finance Corp zooms 14% as Insync Capital buys stake

Shares of Tourism Finance Corporation of India spiked over 14 per cent, hitting 52-week high, on the Bombay Stock Exchange after exchange data showed that Insync Capital Partners LLP acquired nearly 1 per cent stake in the company through open market on Tuesday.

Boosted by the development, shares of company gained as much as 14.44 per cent and touched 52-week high in intra-day to trad

NBCC shares hit record high on securing new orders

Shares of NBCC (India) surged over 8 per cent, hitting 52-week high, on the Bombay Stock Exchange after state-controlled firm said that it has bagged business worth Rs 1,117 crore in the month of September, 2016.

Extending previous session rally, shares of company gained as much as 8.07 per cent and touched 52-week high in intra-day to trade at Rs 299.20 apiece on Bombay Stock Exchang

Bombay Burmah Trading hits 52-week high on fund raising plan

Shares of Bombay Burmah Trading Corporation rallied nearly 10 per cent, hitting 52-week high, on the Bombay Stock Exchange after the company said that its board has approved fund raising plan up to Rs 250 crore.

Following the announcement, shares of company gained as much as 9.84 per cent and touched 52-week high in intra-day to trade at Rs 673.40 apiece on Bombay Stock Exchange.

Alembic Pharma jumps 6% as Panelav unit gets EIR from USFD

Shares of Alembic Pharmaceuticals rose nearly 6 per cent on the Bombay Stock Exchange after the drug maker said that its Panelav formulation facility has received establishment inspection report (EIR) from US Food & Drug Administration (FDA).

“The company’s formulation facility located at Panelav has received establishment inspection report (EIR) from US Food & Dru

Dhampur Sugar surges over 4% on acquiring majority stake in DETS

Shares of Dhampur Sugar Mills rose over 4 per cent on the Bombay Stock Exchange after the oil and gas company said that it has acquired 51 per cent stake in DETS. Post this acquisition, DETS has become subsidiary of the company with effect from October 3, 2016.

DETS is in the business of engineering and technical services and fabrication and supplying engineering goods in India and ab