McNally Bharat advances on bagging Rs 415 cr Andhra order

Shares of McNally Bharat Engineering suged nearly 5 per cent on the Bombay Stock Exchange after the company bagged Rs 415-crore solar power project order in Andhra Pradesh. "The company has received an order for design, engineering, manufacturing, supply, commissioning and operation and maintenance of 500 mw grid connected solar PV power project, including civil works in Andhra Pradesh, on

Marathon Nextgen advances on share buyback plan

Shares of Marathon Nextgen Realty spiked over 16 per cent on the Bombay Stock Exchange after the real estate developer said that it board will meet on Friday to consider share buyback proposal. “A meeting of board of directors of the company is scheduled to be held on March 17, 2017, to consider the proposal of buy-back of equity shares of the company and new project proposal,” Mara

Ramco Systems gains on bagging order from Ravensdown Aerowork

Shares of Ramco Systems gained over 3 per cent on the Bombay Stock Exchange after the company said it has received an order from New Zealand based Ravensdown Aerowork, a subsidiary of the farmer-owned-cooperative Ravensdown. “Ramco will deploy Ramco Aviation Suite v5.8 to enable Ravensdown Aerowork automate and unify the maintenance and overhaul operations of its fleet,” the company

Palred Technologies zooms on preferential issue to Florintree, others

Shares of Palred Technologies (formerly Four Soft) soared over 9 per cent on the Bombay Stock Exchange and has locked in upper circuit after the board approved an allotment of equity shares worth of Rs 22 crore to Florintree Advisors and others. “Florintree led and advised investors are the lead participants in this round of preferential allotment.

The investors include Mathew C

NBCC surges on order win of Rs 250 cr in Mauritius

Shares of NBCC (India) soared over 3 per cent on the Bombay Stock Exchange after the state-owned company said it has secured a contract worth about Rs 250 crore in Mauritius. “The company has signed an agreement with the State of Mauritius (Government of Mauritius) and Landscope (Mauritius) for construction of new Supreme Court building on PMC basis in Mauritius,” NBCC said in stock

India Home Loan surges 2% on entering into MoU with SUDA

Shares of India Home Loan soared over 2 per cent on the Bombay Stock Exchange after it entered into a Memorandum of Understanding (MoU) with Surat Urban Development Authority (SUDA) for facilitating housing loans to borrowers under economically weaker sections (EWS) for buying houses/flats under the scheme of Mukhyamantri Gruh Yojna at various locations in city of Surat.

Boosted by th

TNPL dips on production stoppage in paper machine II

Shares of Tamil Nadu Newsprint and Papers (TNPL), declined over 7 per cent in early trade on the Bombay Stock Exchange after the company said that has stopped production in Paper Machine II (PM II), in Unit I (Karur) due to water shortage. “The other two paper machines are in operation.

The production in PM II will be resumed on availability of water,” TNPL said in a regul

SpiceJet zooms after Delhi govt cuts tax on ATF

Shares of SpiceJet rallied over 4 per cent on the Bombay Stock Exchange after the Delhi government on Wednesday said VAT on Aviation Turbine Fuel (ATF) will be brought down from 25 per cent to 1 per cent for flights to remote areas such as North Eastern states. SpiceJet operates 343 average daily flights to 45 destinations, including 39 domestic and 6 international ones.

The majority

Dr Reddy's gets 13 observations from USFDA for Duwada facility

Dr Reddy's Laboratories today said it has received 13 observations from the US health regulator for its formulation manufacturing facility at Duwada, Visakhapatnam. "The audit of company's formulation manufacturing facility at Duwada, Visakhapatnam, by the US FDA, has been completed on March 8, 2017.

The company have been issued a Form 483 with 13 observations, which the

SPML Infra zooms 7% on order win worth Rs 250 cr

Shares of SPML Infra soared over 7 per cent on the Bombay Stock Exchange after it secured new orders worth of Rs 250 crore for power transmission and distribution in West Bengal and Haryana. "SPML Infra has received new orders worth Rs 250 crore for power transmission and distribution projects in West Bengal (WB) and Haryana” the company said in a filing to the Bombay Stock Exchange.

Jain irrigation rises on bagging new order

Shares of Jain irrigation soared over 1 per cent on the Bombay Stock Exchange on order win for development of micro-irrigation systems network. “The company has secured an order worth Rs 189.02 crore for delivering water at farmer’s field through creation of water infrastructure and making it available to the farmer to deploy using micro irrigation systems in their respective farms,

Asian Granito jumps over 4% as FII hikes stake

Shares of Asian Granito India soared over 4 per cent on the Bombay Stock Exchange after the foreign institutional investor (FII) purchased more than 1 per cent stake in company for Rs 12.58 crore through open market transaction. Boosted by the development, shares of company gained as much as 4.26 per cent to hit intra-day high of Rs 287.40 apiece on the Bombay Stock Exchange.

In a sim

V-Guard Ind jumps over 6% on bonus issue plans

Shares of V-Guard Industries rallied over 6 per cent on the Bombay Stock Exchange after the company fixed March 16, 2017 as record date for the purpose of issue of bonus shares. Buoyed by bonus issue plans, shares of company gained as much as 6.11 per cent to hit intra-day high of Rs 261.00 apiece on the Bombay Stock Exchange.

In a similar fashion, stocks of company rose 1.97 per cent

RIL hits record high on bullish outlook

Shares of Reliance Industries continued gaining streak and rose nearly 2 per cent, hitting fresh 52-week high, on the Bombay Stock Exchange after brokerage firm affirmed strong outlook for Mukesh Ambani’s telecom unit Reliance Jio.

Continuing its gaining streak, shares of company gained as much as 1.67 per cent and touched fresh 52-week high in the intra-day trade to Rs 1326.75

Bharat Financial Inclusion dips nearly 6% on NPA concerns

Shares of Bharat Financial Inclusion (formerly S K S Microfinance), tumbled nearly 6 per cent in early trade on the Bombay Stock Exchange after micro lender informed the investor community that 4.5 per cent of its gross loan portfolio is under risk of slipping into bad loan in the fourth quarter.

Reacting to the news, shares of company declined as much as 5.97 per cent to hit intra-da

Infosys extends loss nearly 2% on H1-B visa concerns

Shares of Infosys fell nearly 2 per cent in early trade on the Bombay Stock Exchange amid persistent concerns over H1-B visa after US temporarily suspended premium process to clear the backlog. Weighed down by the development, shares of company declined as much as 1.83 per cent to hit intra-day low of Rs 1015.00 apiece on the Bombay Stock Exchange.

In a similar fashion, stocks of comp

Tech Mahindra rises over 2% on acquisition of CJS Solutions

Shares of Tech Mahindra spurted over 2 per cent in early trade on the Bombay Stock Exchange after IT major said that its board has approved the proposal to acquire the CJS Solutions Group LLC, through its subsidiary company at US. Boosted by the development, shares of company gained as much as 2.13 per cent to hit intra-day high of Rs 509.90 apiece on the Bombay Stock Exchange.

In a s

Unichem Lab surges nearly 6% on successful FDA inspection

Shares of Unichem Laboratories spurted nearly 6 per cent on the Bombay Stock Exchange after media reported that USFDA has completed inspection of Ghazibad unit with no observation.

Driven by media reports, shares of company gained as much as 5.65 per cent to hit intra-day high of Rs 271.80 apiece on the Bombay Stock Exchange. In a similar fashion, stocks of company rose 3.40 per cent

RIL continues gaining spree on strong outlook; scrip jumps 4%

Shares of Reliance Industries extended gaining streak and jumped nearly 4 per cent, hitting fresh 52-week high, on the Bombay Stock Exchange after brokerage firm affirmed strong outlook for Mukesh Ambani’s telecom unit Reliance Jio.

Continuing its gaining streak, shares of company gained as much as 3.76 per cent and touched fresh 52-week high in the intra-day trade to Rs 1305.75

Dredging Corp surges over 16% on buzz over govt stake sale

Shares of Dredging Corporation of India rallied over 16 per cent, hitting 52-week high, in early trade on the Bombay Stock Exchange after media report suggested that the government is mulling to sell a stake in the shipping company.

Driven by govt stake sale report, shares of company gained as much as 16.45 per cent to hit 52-week high in intra-day of Rs 518.80 apiece on the Bombay St

Bharti Airtel rises over 2% on deal with Millicom

Shares of Bharti Airtel spurted over 2 per cent in early trade on the Bombay Stock Exchange after telecom major said that it has entered into agreement with Millicom International Cellular S.A. (Millicom), through their subsidiaries Airtel Ghana, to combine their operations in Ghana.

Boosted by the development, shares of company gained as much as 2.29 per cent to hit intra-day high of

ARSS Infra zooms over 9% on winning new order

Shares of ARSS Infrastructure Projects soared over 9 per cent in early trade on the Bombay Stock Exchange after the company said that it has bagged a work order amounting to Rs 140.52 crores. Following the announcement, shares of company gained as much as 9.40 per cent to hit intra-day high of Rs 68.65 apiece on the Bombay Stock Exchange.

In a similar fashion, stocks of company rose 5

HDIL up nearly 2% on plans to divest stake in Excel Arcade

Shares of Housing Development and Infrastructure Limited (HDIL) rose nearly 2 per cent in early trade on the Bombay Stock Exchange after the company said that it has decided to divest 100 per cent shareholding of its wholly owned subsidiary company, viz. Excel Arcade Private Limited.

Following the announcement, shares of company gained as much as 1.90 per cent to hit intra-day high of

Apollo Hospitals plunges over 5% on stake sale by Malaysian fund

Shares of Apollo Hospitals Enterprise tumbled over 5 per cent on the Bombay Stock Exchange after Malaysian fund, Integrated Healthcare Holdings, sold more than 6 per cent stake in the healthcare company.

Weighed down by the development, shares of company declined as much as 5.31 per cent to hit intra-day low of Rs 1246.00 apiece on the Bombay Stock Exchange. In a similar fashion, stoc

A2Z Infra Engineering surges nearly 7% on winning new order

Shares of A2Z Infra Engineering soared nearly 7 per cent on the Bombay Stock Exchange after the company said that it has won a contract from Grid Solar and Energy Efficiency Project, Nepal Electricity Authority for design, supply, delivery, installation, testing and commissioning of 33/11 KV Substations and 33 KV Lines, for the contract price aggregating to USD 7.07 million.

Following