SBI jumps nearly 5% on cutting MCLR rates

Shares of State Bank of India (SBI) surged nearly 5 per cent on the Bombay Stock Exchange after the country’s largest commercial lender lower marginal cost-based lending rates (MCLR) across maturities by 5 basis points to 7.95 percent from 8 per cent earlier. Cheering the news, shares of the bank gained as much as 4.67 per cent to touch intra-day high of Rs 320.10 apiece on the Bombay Sto

Axis Bank extends rally on Bain Capital`s stake buy buzz

Shares of Axis Bank continued gaining streak on Wednesday and soared nearly 4 per cent on the Bombay Stock Exchange after the media report suggested that the private equity (PE) firm Bain Capital is in talks with the private sector lender to acquire some stake. Extending previous session rally, shares of the bank gained as much as 3.62 per cent to touch intra-day high of Rs 542.00 apiece on the

ICICI Bank jumps over 5% on rating upgrade

Shares of ICICI Bank surged over 5 per cent on the Bombay Stock Exchange as Jefferies upgraded the stock to “buy’’ from “hold’’, following second quarter earnings report. Boosted by rating upgrade, shares of the bank gained as much as 5.60 per cent to intra-day high of Rs 316.75 apiece on the Bombay Stock Exchange. In a similar fashion, shares of the lender w

Syndicate Bank zooms over 13% on robust Q2

Shares of Syndicate Bank jumped over 13 per cent on the Bombay Stock Exchange after the state-run bank reported 27.68 per cent growth in its July-September quarter profit to Rs 105.24 crore compared to Rs 82.42 crore in the same quarter of the previous fiscal. Driven by strong Q2, shares of the bank gained as much as 13.66 per cent to intra-day high of Rs 94.00 apiece on the Bombay Stock Exchan

Bharti Airtel hits 52-week high post Q2

Shares of Bharti Airtel rallied over 9 per cent, hitting 52-week high, on the Bombay Stock Exchange even after the telecom major reported a consolidated net profit drop of 76.5 per cent to Rs 343 crore from Rs 1,462 crore last year.

However, mobile data traffic grew fourfold to 784 billion MB in the quarter as compared to 178 billion MB in the corresponding quarter last year. Mobile b

Infosys dips over 2% as stock turns ex-dividend

Shares of Infosys fell over 2 per cent on the Bombay Stock Exchange after stock turned ex-date for the proposed buyback and for interim dividend of Rs 13 per share. In line with benchmark indices, shares of the IT major declined as much as 2.50 per cent to touch intra-day low of Rs 921.00 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the firm were trading 0.66 p

RCOM shares zoom on new debt repayment plan

Shares of Reliance Communications (RCOM) rallied nearly 16 per cent on the Bombay Stock Exchange after the company presented a new debt repayment plan to its lenders. Boosted by the development, shares of the company gained as much as 15.92 per cent to touch intra-day high of Rs 18.20 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the firm were trading 7.30 per c

Tata Steel falls over 3% post Q2

Shares of Tata Steel slipped over 3 per cent on the Bombay Stock Exchange even after steel maker reported a consolidated net profit of Rs 1,017 crore in the July-September quarter, compared to net loss of Rs 49.4 crore in the same quarter last year. Following Q2 numbers, shares of the company declined as much as 3.03 per cent to touch intra-day low of Rs 697.00 apiece on the Bombay Stock Exchan

HDFC rises over 1% on strong Q2

Shares of Housing Development Finance Corporation (HDFC) rose over 1 per cent on the Bombay Stock Exchange after the company reported 15 per cent growth in its standalone net profit at Rs 2,101 crore in second quarter ended September 30, 2017 compared to Rs 1,827 crore in the year-ago period. Buoyed by strong Q2, shares of the company gained as much as 1.24 per cent to touch intra-day high of R

IDFC jumps nearly 4% as Q2 profit surges

Shares of IDFC Ltd soared nearly 4 per cent on the Bombay Stock Exchange after the company reported 56.6 per cent growth in its standalone net profit at Rs 142.58 crore in second quarter ended September 30, 2017 compared to Rs 91.07 crore in the year-ago period.

Driven by strong Q2, shares of the company gained as much as 3.72 per cent to touch intra-day high of Rs 64.00 apiece on the

Central Bank slips over 4% on weak Q2

Shares of Central Bank of India fell over 4 per cent on the Bombay Stock Exchange after the public sector lender reported widening of its net loss at Rs 750.41 crore in second quarter ended September 30, 2017 compared to net loss of Rs 641.82 crore in the corresponding quarter last year, due to higher provisioning for the bad loans.

Weighed down by rise in bad loans, shares of the ban

LIC Housing Finance net profit down 1.13% in Q2

 LIC Housing Finance Ltd on Monday reported a 1.13 per cent decrease in its net profit at Rs 489.12 crore for the quarter ended September 30, 2017 as compared to Rs 494.76 crore in the year-ago period.

Its revenue from operations, in the quarter under review, was at Rs 3,687.41 crore, up by 6.68 per cent from Rs 3,456.45 crore in the year ago period.

The company, which

Maruti Suzuki hits record high on robust Q2

Shares of Maruti Suzuki India rose over 2 per cent, hitting 5-week high, on the Bombay Stock Exchange after the country's largest carmaker posted 3.4 per cent rise in net profit at Rs 2,484.3 crore for the second quarter ended September 30, compared to Rs 2,401.5 crore for the same period of previous fiscal. Driven by Q2, shares of the company gained as much as 2.07 per cent to touch 52-wee

United Spirits extends rally post Q2; scrip up 3%

Shares of United Spirits continued gaining momentum on Monday and surged over 3 per cent on the Bombay Stock Exchange after the liquor major reported a strong 84 per cent growth in its net profit at Rs 153 crore for the second quarter ended September 2017, from Rs 83 crore in the same quarter previous fiscal. Extending its rally, shares of the company gained as much as 3.15 per cent to touch in

TTML hits upper circuit on deal with Airtel

Shares of Tata Teleservices (Maharashtra) Limited (TTML) jumped 5 per cent and locked in upper circuit on the Bombay Stock Exchange after the company said it has inked pact with Bharti Airtel to merge its and its group company Tata Teleservices (TTSL)'s consumer mobile business (CMB) with that the Sunil Mittal-led firm.

Buoyed by the development, shares of the company gained as mu

ICICI Bank up over 2% post Q2

Shares of ICICI Bank rose over 2 per cent on the Bombay Stock Exchange after the country’s largest private sector lender reported a consolidated profit after tax at 2,071 crore for the second quarter ended September 30, 2017 compared to Rs 2,605 crore in subsequent quarter and Rs 2,979 crore for Q2-2017. On the assent front, the bank reported decline in gross NPA additions to Rs 4,674 cro

ONGC jumps over 4% on robust Q2

Shares of Oil & Natural Gas Corporation Limited (ONGC) soared over 4 per cent on the Bombay Stock Exchange after the company reported higher-than-expected 3.1 per cent year-on-year growth in its second-quarter profit at Rs 5,131 crore amid spurt in oil prices. Driven by strong Q2, shares of the company gained as much as 4.14 per cent to touch intra-day high of Rs 191.15 apiece on the Bombay

MphasiS hits 52-week high post Q2

Shares of MphasiS jumped over 9 per cent, hitting 52-week high, on the Bombay Stock Exchange after the company reported better-than-expected profit for the September quarter on subsequent quarter basis. Boosted by Q2 earnings, shares of the company gained as much as 9.34 per cent to touch 52-week high of Rs 735 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the f

United Spirits cheers Q2 earnings; scrip hits 52-week high

Shares of United Spirits rallied over 16 per cent on the Bombay Stock Exchange after the liquor major reported a strong 84 per cent growth in its net profit at Rs 153 crore for the second quarter ended September 2017, from Rs 83 crore in the same quarter previous fiscal. Driven by robust Q2, shares of the company gained as much as 16.48 per cent to touch 52-week high of Rs 2,999.90 apiece on th

YES Bank plunges 10% on NPA woes

Shares of YES Bank tumbled nearly 10 per cent on the Bombay Stock Exchange after the private sector lender reported a sharp rise in bad loans, following the Reserve Bank of India’s (RBI) supervisory assessment. However, the net profit of the bank a 25 per cent year on year (YoY) rise in net profit at Rs 1,002 crore for the second quarter ended September 2017, from Rs 802 crore a year earl

Bharti Infratel tumbles over 7% on huge volume

Shares of Bharti Infratel tanked over 7 per cent on the Bombay Stock Exchange amid spurt in volume trade. According to data available with the exchange, as much as 68.65 lakh shares have changed hand over the counter as compared to two-week average of 3.61 lakh shares.

Dragged by volume trade, shares of the company declined as much as 7.36 per cent to touch an intra-day low of Rs 422.

PI Industries tanks nearly 8% on weak Q2

Shares of PI Industries tumbled nearly 8 per cent on the Bombay Stock Exchange after the company reported 20.75 per cent year-on-year decline in its net profit at Rs 80.34 crore in Q2 September 2017 over Q2 September 2016. Weighed down by earnings number, shares of the company declined as much as 7.88 per cent to touch an intra-day low of Rs 720.00 apiece on the Bombay Stock Exchange.

GVK Power surges 5% on bagging new order

Shares of GVK Power & Infrastructure soared nearly 5 per cent and locked in upper circuit on the Bombay Stock Exchange after the company said that it has received the order for Navi Mumbai Airport. Buoyed by the development, shares of the company gained as much as 4.95 per cent to touch an intra-day high of Rs 16.33 apiece on the Bombay Stock Exchange.

In a similar fashion, shares

RCOM slips over 4% on plan to shut 2G services

Shares of Reliance Communications (RCOM) extended losing streak for the second day on Thursday and fell over 4 per cent on the Bombay Stock Exchange after the company said that it has decided to close 2G services. Weighed down by the development, shares of the company declined as much as 4.55 per cent to touch an intra-day low of Rs 15.70 apiece on the Bombay Stock Exchange.

In a simi

Polaris Consulting zooms 20% on delisting plans

Shares of Polaris Consulting & Services rallied 20 per cent and locked in upper circuit on the Bombay Stock Exchange after the company said that it has decided to delist from the stock exchanges to provide the company operational flexibility, said its new promoter Virtusa Consulting Services.

Cheering the news, shares of the company gained as much as 20 per cent to touch an intra-