Ambuja Cements surges nearly 6% on merger buzz

Shares of Ambuja Cements rallied nearly 6 per cent on the Bombay Stock Exchange after media report suggested that LafargeHolcim is planning to merger ACC and Ambuja Cements.

Rising high on merger news, shares of company gained as much as 5.85 per cent to touch an intra-day high of Rs 242.65 apiece on Bombay Stock Exchange. In a similar fashion, stocks of company rose 4.41 per cent to

Finolex Ind hits 52-week high on robust Q3

Shares of Finolex Industries jumped over 5 per cent, hitting 52-week high, on the Bombay Stock Exchange after the India's largest rigid PVC pipes & fittings manufacturer registered a growth of 69.5 per cent in its standalone net profit after tax at Rs 71.94 crore for the October-December quarter of FY17, despite decline in volumes due to cash ban.

Boosted by strong Q3 earnings

Oriental Bank net loss narrows to Rs 130 cr in Q3

State-owned lender Oriental Bank of Commerce (OBC) has reported that its net loss narrowed to Rs 130.01 crore in the October-December quarter of FY17, asset quality deteriorated. The bank had posted a standalone net loss at Rs 424.69 crore during the corresponding quarter of previous fiscal, Oriental Bank of Commerce said in a filing to the BSE.

The total income of the bank, however,

Cera Sanitaryware gains over 3% as RBI hikes FIIs limit

Shares of Cera Sanitaryware rose over 3 per cent on the Bombay Stock Exchange after the Reserve Bank of India (RBI) increased the foreign investment limit in the company to up to 36 per cent.

“The RBI... notified that Foreign Institutional Investors (FIIs)/ Foreign Portfolios Investors (FPIs) can now invest from 24 per cent to 36 per cent of the paid up capital of Cera Sanitaryw

Dr. Reddy`s Lab falls 3% on disappointing Q3

Shares of Dr. Reddy's Laboratories dipped nearly 3 per cent on the Bombay Stock Exchange after the drug maker reported a decline of 19 per cent in its consolidated net profit at Rs 470 crore in the December quarter, from Rs 579 crore in the same period a year ago.

Weighed down by weak Q3 earnings, shares of company declined as much as 2.92 per cent to hit intra-day low of Rs 3,049

Strides Shasun rises over 5% on getting approval for fingolimod capsules

Shares of Strides Shasun soared over 5 per cent on the Bombay Stock Exchange after the drug maker said that its subsidiary Strides Pharma Global Pte Limited, Singapore has received tentative approval from the United States Food & Drug Administration (FDA) for its Para IV filing of fingolimod capsules, 0.5 mg.

Following the announcement, shares of company gained as much as 5.42 per

BSE kicks-off trading on strong note, lists at 35% premium

Bombay Stock Exchange (BSE), which recently concluded its Rs 1,243-crore initial public offering, made a strong debut on rival National Stock Exchange (NSE), with the share listing at Rs 1,085, a 35 per cent premium over the issue price of Rs 806.

During the day’s trade so far, the scrip touched an intra-day high of Rs 1,200 apiece after opening at Rs 1,085, with 1.2 crore share

Glenmark Pharma jumps nearly 7% on robust Q3

Shares of Glenmark Pharmaceuticals surged nearly 7 per cent on the Bombay Stock Exchange after the drug maker posted smart Q3 numbers by reporting a jump of over two-fold in its consolidated net profit after tax at Rs 477.03 crore for the October-December quarter of FY17, mainly on account of robust sales in the US market.

Boosted by strong Q3, shares of company gained as much as 6.86

Vijaya Bank hits 52-week high as Q3 net zooms over fourfold

Shares of Vijaya Bank rallied nearly 10 per cent, hitting 52-week high, on the Bombay Stock Exchange after public sector bank reported over fourfold jump in its third quarter net profit at Rs 230.28 crore despite rise in bad loans.

Buoyed by strong Q3 earnings, shares of bank gained as much as 9.93 per cent to hit52-week high in intra-day trade to Rs 70.25 apiece on Bombay Stock Excha

Sun TV hits record high as court acquits Maran brothers

Shares of Sun TV Network, owned by Kalanidhi Maran, rallied nearly 27 per cent on the Bombay Stock Exchange after media reported that a special court discharged Kalanithi Maran and his brother and former Union minister Dayanidhi Maran in the Aircel-Maxis case.

Boosted by the development, shares of Tamil satellite television station zoomed to lifetime high of Rs 699.00 apiece, up 26.66

IL&FS Engineering extends gain on winning new order

Shares of IL&FS Engineering and Construction Company continued its gaining spree for the second day on Friday and rose over 2 per cent on the Bombay Stock Exchange after the company said yesterday that it has received orders for electrification works worth Rs 515.47 crore.

Extending previous session rally, shares of company gained as much as 2.39 per cent to hit intra-day high of

Sona Koyo Steering dips over 5% post open offer

Shares of Sona Koyo Steering Systems plunged over 5 per cent on the Bombay Stock Exchange after the company said that its promoter JTEKT Corporation would acquire up to 26 per cent stake in the company through an open offer aggregating Rs 434.05 crore at Rs 86 per share.

Weighed down by development, shares of company declined as much as 5.26 per cent to hit intra-day low of Rs 80.00 a

Shree Renuka Sugars tanks over 6% as Q3 loss widens

Shares of Shree Renuka Sugars plunged over 6 per cent on the Bombay Stock Exchange after the company’s net loss widened to Rs 42 crore during the quarter ended December 31, 2016, from Rs 24.10 crore in the year ago period.

Weighed down by Q3 sales, shares of company declined as much as 6.45 per cent to hit intra-day low of Rs 14.50 apiece on Bombay Stock Exchange. In a similar f

Cummins India surges over 8% on robust Q3

Shares of Cummins India spiked over 8 per cent on the Bombay Stock Exchange after the company reported 18 per cent growth in its net profit at Rs 198 crore for the quarter ended December 2016 (Q3FY17), compared to Rs 178 crore in the year ago period.

Driven by strong Q3, shares of company gained as much as 8.25 per cent to hit intra-day high of Rs 919.00 apiece on Bombay Stock Exchang

Ujjivan Financial Service zooms over 9% on start of banking services

Shares of Ujjivan Financial Services continued gaining streak for the second day on Thursday and rallied over 9 per cent after the company kicked-off operations as a small finance bank with effect from Wednesday February 1, 2017.

On Tuesday, RBI has approved for the appointment of MD & CEO and Part-Time Chairman in Ujjivan Small Finance Bank Limited. Extending previous session ral

ITC hits 52-week high on budge announcement

Shares of ITC, a multi-business conglomerate, jumped nearly 4 per cent, hitting 52-week high, on the Bombay Stock Exchange as investors increased bet on stock after FM announced lower than expected hike in excise duty on cigarettes in Budget.

Extending previous session rally, shares of cigarettes maker gained as much as 3.78 per cent to hit 52-week high in intra-day trade to Rs 279.90

Dishman Pharma jumps over 4% on getting EIR for Bavla facility

Shares of Dishman Pharmaceuticals and Chemicals rose over 4 per cent on the Bombay Stock Exchange after the drug maker said that its Bavla facility has successfully received the Establishment Inspection Report (EIR) from the US FDA on February 01, 2017.

Thus, the company’s facilities in Bavla, Naroda and Switzerland continue to be approved by the US FDA, it said in the filing to

Tata Motors skids over 2% on muted January sales

Shares of Tata Motors fell over 2 per cent on the Bombay Stock Exchange after the auto major said that its passenger and commercial vehicle total sales (including exports) in January 2017 were at 46,349 vehicles, a decline of 1 per cent over 47,035 vehicles sold in January 2016.

The company’s domestic sales of Tata commercial and passenger vehicles for January 2017 registered fl

PSU banks gain 4% on Rs 10K cr infusion announcement

Shares of PSU banks today rose by as much as 4 per cent as the government announced infusion of Rs 10,000 crore in public sector banks in the next fiscal. Union Bank of India jumped 4.34 per cent, Bank of Baroda rose 3.27 per cent, SBI went up 3.13 per cent and PNB gained 3.12 per cent on BSE. Among others, shares of Syndicate Bank gained 2.31 per cent and Bank of India rose 2.25 per cent.

Agri-related stocks gain up to 5% amid Budget announcement

Shares of companies related to agriculture sector rose by as much as 5 per cent today after Finance Minister Arun Jaitley announced a whopping Rs 1 lakh crore hike in credit target for the next fiscal to Rs 10 lakh crore as part of efforts to double farm incomes in the next five years.

Dhanuka Agritech surged 5.17 per cent, Jain Irrigation Systems rose 3.17 per cent and Kaveri Seed Co

IT stocks fall over 5% on Trump`s H1B visa-policy

Shares of IT companies were bleeding in red on the Bombay Stock Exchange after media report suggested that US President Donald Trump is expected to sign a new order aimed at strangulating work-visa programmes which is likely to severely impact Indian IT industry.

Reacting to the news, IT index tumbled 3.54 per cent, or 350.12 points, to trade at 9528.76 on the BSE at 12:20 hours. Amon

Bharti Infratel hits 52-week low on bourses

Shares of Bharti Infratel extended losses for the second straight session on Tuesday and plunged over 12 per cent, hitting 52-week low, on the Bombay Stock Exchange, after UK-based Vodafone confirmed that it is in talks for an all-stock merger with Mumbai-based telecom operator.

Extending previous session losses, shares of company declined as much as 12.60 per cent to hit intra-day lo

Poly Medicure hits 52-week high on bonus issue

Shares of Poly Medicure spiked over 12 per cent, hitting 52-week high, on the Bombay Stock Exchange after medical devices manufacturer and exporter said that its board will meet on February 6, to consider the issue of bonus shares and interim dividend.

Following the announcement, shares of company gained as much as 12.03 per cent to hit 52-week high in intra-day trade to Rs 208.00 api

V-Guard Ind jumps nearly 8% on robust Q3

Shares of V-Guard Industries jumped nearly 8 per cent on the Bombay Stock Exchange after the company reported 30 per cent year on year (YoY) jump in net profit at Rs 28 crore for the quarter ended December 2016.

Besides, the board of the company has also recommended the issue of bonus shares in the ratio of 2:5, i.e., (two shares for every five shares held). Boosted by the development

Idea Cellular continues gaining spree; zooms 14%

Shares of Idea Cellular extended rally for the eighth straight session on Tuesday and rallied over 14 per cent amid buzz that rival Vodafone India is in talks for an all-stock merger with Mumbai-based telecom operator.

Extending rally on merger buzz, shares of company gained as much as 14.03 per cent to hit intra-day high of Rs 111.70 apiece on Bombay Stock Exchange. In a similar fash