PSP Projects surges nearly 6% on robust Q4

Shares of PSP Projects rallied nearly 6 per cent on the Bombay stock Exchange after the construction company reported over a three-fold growth in its standalone net profit at Rs 20.03 crore for the fourth quarter ended March 31, 2017, compared to Rs 5.95 crore during the corresponding quarter of the previous year. Driven by strong Q4, shares of the company gained as much as 5.65 per cent to hit

Adani Ports rises nearly 3% on ratings upgrade

Shares of Adani Ports and Special Economic Zone Limited (APSEZ) soared nearly 3 per cent on the Bombay stock Exchange after Moody's Investors Service revised the company’s Baa3 issuer and senior unsecured rating to stable from negative the outlook.

Boosted by the development, shares of the company gained as much as 2.95 per cent to hit intra-day high of Rs 373.35 apiece on t

Sun TV soars nearly 3% on the launch of new digital platform

Shares of Sun TV Network, one of the largest Television Broadcasters in India, advanced nearly 3 per cent on the Bombay stock Exchange after the company launched a new digital content platform ‘Sun NXT’. Buoyed by the development, shares of the company gained as much as 2.98 per cent to hit intra-day high of Rs 864.60 apiece on the Bombay Stock Exchange.

The scrip was curr

Tata Steel up over 2% on plans to sell stake in Tata Motors

Shares of Tata Steel advanced over 2 per cent on the Bombay stock Exchange after the company said it plans to sell 8.36 crore equity shares of face value of Rs 2 each of Tata Motors to Tata Sons. Boosted by the development, shares of the company gained as much as 2.07 per cent to hit an intra-day high of Rs 512.50 apiece on the Bombay Stock Exchange.

 The scrip was currently trad

Larsen & Toubro up over 1% on winning new orders

Shares of Larsen & Toubro (L&T) rose over 1 per cent on the Bombay stock Exchange after the company said that its construction arm has bagged orders worth Rs 2,231 crore. Boosted by the development, shares of the company gained as much as 1.46 per cent to hit intra-day high of Rs 1752.00 apiece on the Bombay Stock Exchange.

The scrip was currently trading at Rs 1742.30 against

Amtek Auto hits 52-week low on inclusion in list of 12 NPA accounts

Shares of Amtek Auto plunged 20 per cent, hitting 52-week low, on the Bombay stock Exchange after the media report suggested that the company is included in the list of 12 NPA accounts released by the RBI which qualified for immediate reference under Insolvency and Bankruptcy Code (IBC).

Extending Friday’s losses, shares of the company declined as much as 19.97 per cent to hit a

Reliance jumps nearly 2% on BofAML survey report

Shares of Reliance Industries rose nearly 2 per cent on the Bombay stock Exchange after a report by Bank of America Merill Lynch (BofAML) highlighted that nearly 90 per cent of Reliance Jio users are estimated to have subscribed to its promotional Prime membership plan.

Adding to it, a data released by the Telecom Regulatory Authority of India (TRAI) showed that its subsidiary Relianc

Lupin tumbles over 6% on profit booking

Shares of Lupin tumbled over 6 per cent on the Bombay stock Exchange as investors resorted to profit booking after rally in the last few sessions. Earlier on Thursday, the drug maker said that it has launched the generic Wellbutrin XL tablets in the United States after receiving an approval from the United States Food and Drug Administration (FDA) earlier.

Reacting to the news, shares

IPCA Lab tanks nearly 15% as USFDA refuses import of drugs

Shares of IPCA Laboratories nosedived nearly 15 per cent on the Bombay stock Exchange after the company said the US Food and Drugs Administration (USFDA) has refused admission to all drugs made at the company's formulations manufacturing units situated at SEZ Indore (Pithampur) and Piparia (Silvassa). Reacting to the news, shares of the company declined as much as 14.83 per cent to hit an i

Infosys down 1% after Americas head Sandeep Dadlani quits

Shares of Infosys dipped over 1 per cent on the Bombay stock Exchange after the company announced that Sandeep Dadlani, the head of Americas and global head of manufacturing and retail, has resigned from his post.

“The company has appointed Karmesh Vaswani as the Global Head of Retail, CPG & Logistics (RCL) and Nitesh Banga as the Global Head of Manufacturing, to replace San

Cadila Healthcare climbs over 2% as USFDA approves Acyclovir for Injection USP

Shares of Cadila Healthcare soared over 2 per cent on the Bombay stock Exchange after the drug maker said that it has received the final approval from the USFDA to market Acyclovir for Injection USP in strengths of 500 mg/vial and 1000 mg/vial. Buoyed by the development, shares of drug maker gained as much as 2.48 per cent to hit intra-day high of Rs 542.00 apiece on the Bombay Stock Exchange.<

Wipro gains 1.5% on winning IT App managed services engagement with Valmet

Shares of Wipro rose 1.5 per cent on the Bombay stock Exchange after the company said that it has bagged an IT applications managed services engagement with Finland-based Valmet, a leading global developer and supplier of technologies. Following the announcement, shares of IT major gained as much as 1.56 per cent to hit intra-day high of Rs 260.05 apiece on the Bombay Stock Exchange. The scrip

SPARC up over 4% on positive findings of PIF study

Shares of Sun Pharma Advanced Research Company (SPARC) rose over 4 per cent on the Bombay stock Exchange after the company said that it has revealed the top-line results of the PIF study and Low dose PK study for SPARC DPI. “The PIF study was designed to examine peak inspiratory flow profiles generated with the SPARC DPI and Seretide Accuhaler® in healthy adult subjects, children with

Aurobindo Pharma surges 6% on USFDA nod for Sevelamer Carbonate Oral Suspension

Shares of Aurobindo Pharma rallied over 6 per cent on the Bombay stock Exchange after the company received final approval from the US Food & Drug Administration (USFDA) to manufacture Sevelamer Carbonate oral suspension, 0.8 gm and 2.4 gm. Sevelamer Carbonate oral suspension, a therapeutic equivalent generic version of Genzyme’s Renvela oral suspension. Boosted by the development, sha

Central Bank slips nearly 4% as RBI imposes restrictions on banking activities

Shares of public sector lender Central Bank of India dipped nearly 4 per cent on the Bombay stock Exchange after Reserve Bank put the bank under prompt corrective action in view of high net NPA and negative RoA. Weighed down by the development, shares of bank declined as much as 3.94 per cent to hit intra-day low of Rs 97.60 apiece on the Bombay Stock Exchange. The scrip was currently trading a

SCI hits 52-week high as government plans stake sale

Shares of state-run Shipping Corporation of India zoomed nearly 16 per cent, hitting 52-week high, on the Bombay stock Exchange after media report suggested that the government is planning to offload 26 per cent stake in the company. Cheering the news, shares of the company gained as much as 15.94 per cent to hit 52-week high of Rs 92.00 apiece on the Bombay Stock Exchange. The scrip was curren

SpiceJet rises over 3% on biz expansion plan

Shares of SpiceJet soared over 3 per cent on the Bombay stock Exchange after media report suggested that the low-cost carrier may place an order for the Boeing 737 Max-10 planes, as part of company’s plan to expand business globally. Riding high on media report, shares of the company gained as much as 3.24 per cent to hit intra-day high of Rs 125.50 apiece on the Bombay Stock Exchange. Th

RCom up over 2% as Anil Ambani to take zero pay this fiscal

Shares of Reliance Communications rose over 2 per cent on the Bombay stock Exchange after its Chairman Anil Ambani said it will not take any salary this financial year as the company is passing through a tough phase. Cheering the news, shares of the company gained as much as 2.19 per cent to hit intra-day high of Rs 18.70 apiece on the Bombay Stock Exchange. The scrip was currently trading at R

Hexaware Tech falls over 5% on reports of dip in E&Y revenue

Shares of Hexaware Technologie tumbled over 5 per cent on the Bombay stock Exchange after the media report suggested that the company’s revenue dips from one of its top clients, Ernst & Young (EY). Reacting to the news, shares of the company declined as much as 5.25 per cent to hit an intra-day low of Rs 228.00 apiece on the Bombay Stock Exchange.

The scrip was currently tra

Bombay Burmah hits 52-week high on strong volume

Shares of Bombay Burmah Trading Corporation zoomed nearly 10 per cent, hitting 52-week high, on the Bombay stock Exchange amid surge in volume trade. According to data available with exchange, as much as 14.36 lakh shares have changed hand on the counter so far as against the average daily volumes of 20,000 shares in the past two weeks.

Driven by bulk deal, shares of the company gaine

Reliance surges over 3% as Jio adds 4 mn new users

Shares of Reliance Industries jumped over 3 per cent on the Bombay stock Exchange after the data released by the Telecom Regulatory Authority of India (TRAI) showed that its subsidiary Reliance Jio Infocomm outperformed its peers by adding about 0.4 crore new users in April to reach a consumer base of 11.25 crore.

Cheering the news, shares of the company gained as much as 3.10 per cen

Dr. Reddy's Lab rises nearly 3% on getting EIR for Miryalaguda unit

Shares of Dr. Reddy's Laboratories advanced nearly 3 per cent on the Bombay stock Exchange after the drug maker said that its API manufacturing plant at Miryalaguda has receives Establishment Inspection Report (EIR) from USFDA on successful closure of Audit. Boosted by the development, shares of the pharma major gained as much as 2.65 per cent to hit intra-day high of Rs 2698.00 apiece on t

Wipro slips over 2% on buying stake in Drivestream

Shares of Wipro fell over 2 per cent on the Bombay stock Exchange after the country’s third largest software exporter said that it has invested USD 809,690 to acquire stake in consulting firm Drivestream.

Reacting to the news, shares of the company declined as much as 2.31 per cent to hit an intra-day low of Rs 253.25 apiece on the Bombay Stock Exchange.

The scrip was

Emkay Global hits 52-week high on deal with DBS

Shares of Emkay Global Financial Services zoomed 10 per cent, hitting 52-week high, on the Bombay stock Exchange after the company said that it has entered into pact with DBS Vickers for co-branding and distribution of Equity Research. Following the announcement, shares of the company gained as much as 9.97 per cent to hit 52-week high of Rs 150.00 apiece on the Bombay Stock Exchange.

DIC India spikes 20% on plans to sell Mumbai land

DIC India, a part of DIC Corporation of Japan, zoomed 20 per cent on the Bombay stock Exchange after the company unveiled plan to dispose Mumbai land. The company said that its board has approved the start of the process for the sale of land at Chandivali Farm, Off Saki Vihar Road, Mumbai.

Cheering the news, shares of the company gained as much as 20 per cent and locked in upper circu