Avenue Supermarts extends rally; scrip jumps 7%

Shares of Avenue Supermarts continued gaining momentum on Monday and rallied over 7 per cent, hitting fresh 52-week high, on the Bombay Stock Exchange after rating agency CRISIL upgraded its ratings on the long-term bank facilities and non-convertible debentures of the company to ‘CRISIL AA/Stable’ from ‘CRISIL AA-/Positive’.

The company, which runs a chain of

Sobha tumbles over 9% on promoter stake sale

Shares of real estate developer Sobha tumbled over 9 per cent, hitting 52-week low, on the Bombay Stock Exchange after the company said that its promoter Sobha Menon sold 4.15 per cent stake in the company through open market transaction.

Weighed down by the development, shares of Bangalore-headquartered firm declined as much as 9.08 per cent to hit intra-day low of Rs 377.80 apiece o

Airtel, Idea Cellular up after TRAI asks Jio to withdraw summer offer

Shares of telecom companies such as, Bharti Airtel and Idea Cellular, were trading higher in early trade on Friday after Telecom Regulatory Authority of India asked Mukesh Ambani-owned company to withdraw Reliance Jio’s summer surprise offer.

Reliance Jio on Thursday said that it has withdrawn its Summer Surprise offer nnnounced last week to comply with the Telecom Regulatory Au

Ashoka Buildcon jumps over 9% on winning new contract

Shares of Ashoka Buildcon rallied over 9 per cent in early trade on the Bombay Stock Exchange after the company said that it has received letter of award from Mumbai International Airport Pvt. Ltd. (MIAL) for combined land parcels in Mumbai. Buoyed by the development, shares of company gained as much as 9.73 per cent to hit intra-day high of Rs 231.55 apiece on the Bombay Stock Exchange.

Avenue Supermarts hits record high on CRISIL ratings

Shares of Avenue Supermarts jumped over 5 per cent, hitting fresh 52-week high, on the Bombay Stock Exchange after rating agency CRISIL upgraded ratings its ratings on the long-term bank facilities and non-convertible debentures of the company to ‘CRISIL AA/Stable’ from ‘CRISIL AA-/Positive’. The company, which runs a chain of retail stores under the D-Mart brand, had ma

RIL dips nearly 2% on TRAI order to withdraw summer surprise offer

Shares of Reliance Industries dipped nearly 2 per cent in early trade on the Bombay Stock Exchange after Telecom Regulatory Authority of India asked Mukesh Ambani-owned company to withdraw Reliance Jio’s summer surprise offer. Reliance Jio on Thursday said that it has withdrawn its Summer Surprise offer nnnounced last week to comply with the Telecom Regulatory Authority of India’s a

Gallantt Ispat hits 52-week low on bourses

Shares of Gallantt Ispat tumbled 20 per cent, hitting 52-week low, on the Bombay Stock Exchange after the company said that the Uttar Pradesh government may buy its land for proposed Gorakhpur metro rail project. Reacting to the news, shares of company declined as much as 19.99 per cent to hit intra-day low of Rs 272.35 apiece on the Bombay Stock Exchange. In a similar fashion, stocks of compan

Phoenix Mills surges nearly 7% on deal with CPPIB

Shares of The Phoenix Mills soared nearly 7 per cent on the Bombay Stock Exchange after the company announced strategic investment platform for retail real estate properties in India with Canada Pension Plan Investment Board (CPPIB). The company proposes to host a conference call for Investors and Analysts on Thurdsay, April 6, 2017 at 12:30 hrs IST to discuss the details of the platform with C

MRSS zooms over 14% on wining new contract

Shares of Majestic Research Services and Solutions (MRSS) jumped over 14 per cent on the Bombay Stock Exchange after the company said it has won a contract from United Nations Industrial Development Organisation to conduct a survey covering 200 auto ancillary firms across the country.

In addition to automotive component manufacturers, the study will also approach nearly 25 automobile

Rail stocks zoom on Cabinet nod to Rail Development Authority

Shares of railways related companies spiked on Thursday after the Union Cabinet approved setting up of Rail Development Authority, which will create positive environment for investment. Following the announcement, stocks such as Texmaco Rail, Titagarh Wagons, Kernex Microsystems, BEML and Stone India rallied between 10-19 per cent.

Cheering the news, shares of Stone India gained as mu

Force Motors jumps over 4% on robust March sales

Shares of Force Motors rallied over 4 per cent on the Bombay Stock Exchange after the company reported a growth of 65.75 per cent at 4,129 units in domestic sales during the month of March 2017, against 2,491 units in February. Driven by robust sales, shares of company gained as much as 4.21 per cent to hit intra-day high of Rs 4789.95 apiece on the Bombay Stock Exchange.

Meanwhile, t

Jindal Steel hits 52-week high on robust sales in FY17

Shares of Jindal Steel & Power surged over 5 per cent, hitting 52-week high, on the Bombay Stock Exchange after the company reported production and sales of over 4.8 million tonne in the financial year ended March 31, 2017.

Following the announcement, shares of company gained as much as 5.39 per cent to hit 52-week high of Rs 131.00 apiece on the Bombay Stock Exchange. In a simila

Unitech rebounds over 8% on firm`s clarification

Reversing previous day losses, shares of Unitech rebounded over 8 per cent on the Bombay Stock Exchange after the company clarified that its Managing Director (MD) Sanjay Chandra and his brother committed no fraud with any investor and the delay in project delivery was due to reasons beyond control of the company. The Delhi court had send company’s managing directors, Sanjay Chandra and A

Cyient surges over 9% on deal with Amdocs

Shares of Cyient rallied over 9 per cent on the Bombay Stock Exchange amid hopes that the company said that it has entered into pact with Amdocs to implement GE’s Geographical Information System (GIS), Smallworld, as a part of the Next-generation business/operations support system (NGBOSS) project for NetLink Trust.

Following the announcement, shares of company gained as much as

Titan hits record high on hopes of robust Q4

Shares of Titan company jumped over 5 per cent, hitting fresh 52-week high, on the Bombay Stock Exchange amid hopes that the company would report strong earnings in January-March quarter on improved demand and sales.

Driven by strong Q4 earnings hopes, shares of company gained as much as 5.66 per cent to hit 52-week high of Rs 486.50 apiece on the Bombay Stock Exchange. In a similar f

Aditya Birla Money hits 52-week high on strong volume

Shares of Aditya Birla Money rallied nearly 20 per cent, hitting 52-week high, on the Bombay Stock Exchange amid spurt in volume trade after media report suggested that Aditya Birla Idea Payments Bank had received licence from the Reserve Bank of India (RBI) to set up a payments bank. Cheering the news, shares of company gained as much as 19.88 per cent to hit 52-week high of Rs 39.80 apiece on

TVS Motor jumps nearly 3% on March sales

Shares of TVS Motor Company soared nearly 3 per cent on the Bombay Stock Exchange after two-wheeler manufacturer company reported a 10.24 per cent rise in sales at 256,341 units for March compared to 232,517 units in the same month last year. Boosted by the development, shares of company gained as much as 2.89 per cent to hit an intra-day high of Rs 447.80 apiece on the Bombay Stock Exchange.

Jet Airways rises nearly 3% on cut in jet fuel prices

Shares of Jet Airways India soared nearly 3 per cent on the Bombay Stock Exchange after price of jet fuel or Aviation Turbine Fuel (ATF) was slashed by Rs 2,811.38 per kiloliter with effect from April 1. Boosted by the development, shares of company gained as much as 2.66 per cent to hit an intra-day high of Rs 539.95 apiece on the Bombay Stock Exchange.

In a similar fashion, stocks o

Liquor ban effect: United Spirits tumbles nearly 8%

Shares of United Spirits dipped nearly 8 per cent on the Bombay Stock Exchange after the Supreme Court order ban on liquor sales close to the national and state highways. Weighed down by the development, shares of company declined as much as 7.88 per cent to hit intra-day low of Rs 2002.00 apiece on the Bombay Stock Exchange.

In a similar fashion, stocks of company slipped 5.86 per ce

RIL shares hit 9-yr high as Jio garners 72 mn paid users

Shares of Reliance Industries jumped over 4 per cent, hitting record 9-years high, on the Bombay Stock Exchange after its telecom arm, Reliance Jio, becomes largest broadband provider with 72 mn users. Boosted by the development, shares of company gained as much as 4.6 per cent to hit fresh 9-year high of Rs 1380.00 apiece on the Bombay Stock Exchange.

In a similar fashion, stocks of

Indoco Remedies tanks over 16% on USFDA warning for Goa unit

Shares of Indoco Remedies plunged over 16 per cent on the Bombay Stock Exchange after the drug maker said that it has received US FDA warning letter for its Goa plant. Weighed down by the development, shares of company declined as much as 16.38 per cent to hit intra-day low of Rs 209.00 apiece on the Bombay Stock Exchange.

In a similar fashion, stocks of company slipped 9.63 per cent

Unitech plunges 20 % as court sends owners to police custody

Shares of real estate firm Unitech nosedived nearly 20 per cent on the Bombay Stock Exchange after Delhi court send company’s Managing Director (MD) Sanjay Chandra and his brother on two-day custody remand of Chandra to the Delhi Police. According to media reports, both are accused of cheating buyers who had booked flats in his real-estate project in Greater Noida.

Reacting to t

LT Foods surges over 9% on strong outlook for industry

Shares of LT Foods rallied over 9 per cent on the Bombay Stock Exchange amid hopes that the Union Cabinet may remove all quantitative ceilings on exports of organic agricultural and processed products.

Boosted by the development, shares of company gained as much as 9.28 per cent to hit an intra-day high of Rs 67.65 apiece on Bombay Stock Exchange. In a similar fashion, stocks of compa

Jindal Steel jumps over 4% on pref allotment to promoters

Shares of Jindal Steel & Power soared over 4 per cent on the Bombay Stock Exchange after the company said that its board approved issue of 4.80 crore convertible warrants to Opelina Finance and Investments, a promoter group entity on preferential basis, subject to shareholders’ approval and other regulatory approvals. Following the announcement, shares of company gained as much as 4.1

CL Educate makes weak debut; lists at 21% discount

Shares of CL Educate made a disappointing debut at the Bombay Stock Exchange (BSE) today, falling 21 per cent against the issue price of Rs 502. The stock listed on BSE at Rs 398. Later, it touched an intra-day high and intra-day low of Rs 417.90 and Rs 398.00 respectively. The company’s IPO was oversubscribed 1.90 times, with qualified institutional buyers (QIBs) category getting oversub