SPARC tanks 15% as Baclofen GRS fails to meet expectations

Shares of Sun Pharma Advanced Research Company Limited (SPARC) plunged nearly 15 per cent on the Bombay Stock Exchange after drug maker said that results of the Phase III efficacy study revealed that Baclofen GRS did not meet the primary end point in placebo controlled studies. W

eighed down by the development, shares of the company declined as much as 14.72 per cent to trade at intra

SAIL up 2% on deal with POSCO

Shares of Steel Authority of India (SAIL) Limited rose nearly 2 per cent on the Bombay Stock Exchange after the steel maker signed an agreement with POSCO for wide-ranging technical services for its IISCO Steel Plant (ISP) at Burnpur to assist in realising the benefits from the company's new plant, says a Business Standard report.

Buoyed by the development, shares of the company g

Crompton Greaves jumps 4% on buzz over Kenstar deal

Shares of Crompton Greaves Consumer Electricals Limited soared nearly 4 per cent on the Bombay Stock Exchange after Economic Times reported that the company is in the final race to acquire home appliances brand Kenstar. Buoyed by the development, shares of the company gained as much as 3.80 per cent to trade at intra-day high of Rs 223.90 apiece on the Bombay Stock Exchange.

In a simi

BASF India zooms 16% after rating upgrades

Shares of BASF India rallied over 16 per cent on the Bombay Stock Exchange after analyst at Emkay Share & Stock Brokers recommended a 'buy' rating, on hopes of solid performance on revenue and profitability front in the coming quarter.

Driven by brokerage rating upgrades, shares of the company gained as much as 16.18 per cent to trade at intra-day high of Rs 1709.00 apiece

Tata Steel soars over 4% on robust sales

Shares of Tata Steel rose over 4 per cent on the Bombay Stock Exchange after the company reported 17 per cent growth on a year-on-year (yoy) basis to 6.4 million tonne (MT), while production grew by 4.7 per cent yoy to 6.22 MT in July – September quarter of the current fiscal.

Driven by strong sales in Q2, shares of the company gained as much as 4.63 per cent to trade at intra-d

Future Retail surges 6% on acquisition of HyperCity

Shares of Future Retail rallied nearly 6 per cent on the Bombay Stock Exchange after Kishore Biyani led company acquired 51.09 per cent stake in Shoppers Stop's retail chain HyperCity for Rs 655 crore in a part cash and part stock deal. Boosted by the development, shares of the company gained as much as 5.91 per cent to trade at intra-day high of Rs 559.00 apiece on the Bombay Stock Exchang

VST Tillers Tractors zooms over 10% on strong sales

Shares of VST Tillers Tractors rallied over 10 per cent on the Bombay Stock Exchange after the company posted a 31 per cent growth in total sales at 3,196 units in the month of September, 2017 compared to 2,440 units in the same month last year. Driven by strong monthly sales, shares of the company gained as much as 10.17 per cent to trade at intra-day high of Rs 2284.55 apiece on the Bombay St

Mahindra & Mahindra up over 2% on bagging contract to supply 150 e-sedans

Shares of Mahindra & Mahindra rose over 2 per cent on the Bombay Stock Exchange after the auto major won a contract from the government to supply 150 electric sedans. Cheering the news, shares of the company gained as much as 2.08 per cent to trade at intra-day high of Rs 1315.90 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the company were trading 1.93 per

Shoppers Stop surges 6% on report to sell stake in HyperCity

Shares of Shoppers Stop rallied over 6 per cent on the Bombay Stock Exchange after media report suggested that K Raheja Corp Group’s retailing company may sell 51 per cent stake in HyperCity to Kishore Biyani’s Future Retail for Rs 700 crore. Riding high on media reports, shares of the company gained as much as 6.14 per cent to trade at intra-day high of Rs 525.00 apiece on the Bomb

Confidence Petroleum jumps 5% on setting up new unit

Shares of Confidence Petroleum rallied nearly 5 per cent on the Bombay Stock Exchange after the company said that its subsidiary Blueflame Industries has commissioned new LPG cylinder manufacturing unit at Village Gutjora, Dhanbad, Jharkhand having capacity of 5 lakh cylinders per annum.

Buoyed by the development, shares of the company gained as much as 4.78 per cent to trade at intra

Parag Milk Foods rises over 3% as RBI hikes FIIs limit

Shares of Parag Milk Foods surged over 3 per cent on the Bombay Stock Exchange after the Reserve Bank of India increased the foreign investment limit in the company to 40 per cent from existing level of 24 per cent of its paid up capital. Following the announcement, shares of the company gained as much as 3.57 per cent to trade at intra-day high of Rs 265.30 apiece on the Bombay Stock Exchange.

Ahluwalia Contracts gains after securing new orders

Shares of Ahluwalia Contracts India added 5.3 per cent intraday on the Bombay stock Exchange on order win worth Rs 555.77 crore. The company secured new orders aggregating to Rs 555.77 crore for construction of institutional, residential building & commercial including electrical, plumbing & firefighting services.

The orders include, a new order worth of Rs 255 crore for const

Tata Motors surges on strong September domestic sales

Shares of Tata Motors surged nearly 5 per cent on the Bombay Stock Exchange after the company reported a strong 25% increase in domestic sales at 53,965 units in September. The company had sold 43,031 units in September 2016. The shares of the company were trading higher by 4.54 per cent at Rs 419.40 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the company were

RCom shares drop 7.8 percent to record low after Aircel merger deal collapses

MUMBAI - Shares of India's Reliance Communications tumbled as much as 7.8 percent in early trade on Tuesday to an all-time low after the company scrapped a proposed merger of its wireless arm with rival Aircel, raising doubts about a debt-reduction plan.

Shares in RCom were trading at 17.90 rupees, down 6.77 percent, at 0400 GMT, after dropping to a low of 17.70 r

GAIL India surges as PNGRB proposes unified tariff

Leading oil major, GAIL India has surged 8 per cent to Rs 428 on BSE in early morning trade after media reports suggested that the Petroleum and Natural Gas Regulatory Board (PNGRB) has proposed consultation on integrated authorization for unified/pooled tariff for all connected pipelines of the company.

As per reports, the proposal has already been approved by the Cabinet Committee o

Ruchi Soya rallies 14% on distribution agreement

Ruchi Soya Industries has rallied by around 14 per cent on BSE to Rs 25.30 on the back of heavy volumes after the signing distribution partnership with Patanjali. The company has signed a memorandum of understanding (MOU) with Yoga Guru Baba Ramdevji promoted Patanjali Ayurveda for an exclusive sales and distribution arrangement for the entire range of Patanjali edible oil in large packs,&rdquo

Dr Reddy`s Lab surges on receipt of EIR report

Leading pharma major, Dr Reddy’s Laboratories has surged by 4 per cent to Rs 2,409 on BSE in intra-day trade after the company received an Establishment Inspection Report (EIR) from the US health regulator for a unit of its Srikakulam plant in Andhra Pradesh. “The company's formulation Srikakulam plant (SEZ) Unit I, Andhra Pradesh, have received an Establishment Inspection Repor

Petron Engineering surges on JSW Steel order win

Leading EPC company, Petron Engineering Construction was locked in upper circuit for the third straight session, up 5 per cent at Rs 147 on BSE, extending its past two days 9 per cent gain. The surge was witnessed after the company said it had received purchased order worth of Rs 280 crore from JSW Steel.

“The order is for supply, fabrication, erection & alignment of prefabr

Avenue Supermarts surges 18% on heavy volumes

Operator of D-Mart retail chain, Avenue Supermarts hit a fresh high of Rs 1,218, up 18 per cent on NSE in intra-day trade in an otherwise weak market on heavy volumes. D-Mart rose 276 per cent against its initial public offer (IPO) price of Rs 299 per share.

The stock had ended at Rs 642 on its stock market debut on 21 March, 2017, and has rallied 75 per cent since then. On comparison

Power stocks trade mixed despite launch of Saubhagya scheme

Power company shares were trading mixed in the early morning trade on BSE on Tuesday after the Prime Minister, on Monday, unveiled a flagship programme called “Saubhagya — Pradhan Mantri Sahaj Bijli Har Ghar Yojana” to provide power to all households in the country by December 2018.

Siemens, Bharat Heavy Electricals, CESE, Reliance Infrastructure and Power Grid Corpo

Oberoi Realty surges after bagging GSK`s Thane property

Leading real estate giant, Oberoi Realty has hit a fresh high of Rs 438, up 8 per cent on BSE in intra-day trade, after the company said that GlaxoSmithKline Pharmaceuticals Limited ('GSK') had selected the company as the successful bidder for its Thane property.

“GlaxoSmithKline Pharmaceuticals Limited ('GSK') has selected Oberoi Realty Limited as the successful

Shoppers Stop surges 20% on preferential issue approval

Shopper Stop rose 20 per cent to Rs 500 in the early morning trade on BSE after the company said its board approved issue of 4.4 million equity shares to e-tail giant Amazon.com at price of Rs 407.78 per share on preferential basis.

“The Board of Directors approved the issue of 4.39 million equity shares of Rs 5 each of the company to Amazon.com NV Investment Holdings LLC, a for

Adhunik Industries hits 52 week low on SAT order

Shares of Adhunik Industries plunged 20 per cent, hitting 52-week low, on the Bombay Stock Exchange after the Securities Appellate Tribunal (SAT) directed the market regulator to reverse their decisions all dated August 7, 2017 qua the appellant forthwith.

According to data available with exchange, as much as 792 lakh shares changed hands over-the-counter as compared to two week avera

Aditya Birla Fashion down 2% on plan to exit online biz

Shares of Aditya Birla Fashion and Retail fell over 2 per cent on the Bombay Stock Exchange after media report said that the Aditya Birla Group plan to exit the online fashion retail space in India after being unable to compete with arch rivals Flipkart and Amazon. Reacting to the news, shares of the company declined as much as 2.2 per cent to trade at intra-day low of Rs 164.40 apiece on the B

Matrimony.com extends loss, down 11% on Day 2

After making a tepid start, Matrimony.com continued losing momentum and tumbled nearly 11 per cent on the Bombay Stock Exchange on the second trading session on Friday. The shares of the company, whose IPO was oversubscribed 4.44 times during September 11-13, had made debut in the exchange right at its initial public offer (IPO) price of Rs 985 per share.

Extending previous session lo