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-

L&T rises over 3% on winning new orders

Shares of Larsen & Toubro soared over 3 per cent on the Bombay Stock Exchange after the engineering and construction major said that its construction arm has won orders worth Rs 3,551 crore across various segment. Boosted by the development, shares of the company gained as much as 3.22 per cent to touch an intra-day high of Rs 1243.35 apiece on the Bombay Stock Exchange.

In a simi

RCOM slips 5% on plan to shut down DTH biz

Shares of Reliance Communication (RCOM) tanked 5 per cent on the Bombay Stock Exchange after Anil Ambani-led company said that it will shut down its direct-to-home television business from next month. Following the announcement, shares of the company declined as much as 5.00 per cent to touch an intra-day low of Rs 16.15 apiece on the Bombay Stock Exchange.

In a similar fashion, share

Infosys up nearly 2% as Q2 beats estimates

Shares of Infosys rose nearly 2 per cent on the Bombay Stock Exchange after the IT bellwether higher-than-expected 3.3 per cent year-on-year growth in its consolidated net profit at Rs 3,726 crore for the second quarter ended September 30, 2017. Driven by robust Q2, shares of the company gained as much as 1.87 per cent to touch an intra-day high of Rs 944.15 apiece on the Bombay Stock Exchange.

YES Bank tumbles 10% as RBI imposes monetary penalty

Shares of YES Bank plunged 10 per cent on the Bombay Stock Exchange after the Reserve Bank of India imposed monetary penalty of Rs 60 million on the bank for failure of the bank to adhere to certain directions issued by the apex bank. The RBI has slapped the fine for non-compliance with the directions issued on Income Recognition Asset Classification (IRAC) norms and delayed reporting of inform

HCL Tech slips nearly 3% post Q2

Shares of HCL Technologies fell nearly 3 per cent on the Bombay Stock Exchange even after the software development firm reported a 9.5 percent rise in second-quarter net profit at Rs 2207 crore in the three months ended Sept. 30, 2017 from Rs 2015 crore in the year ago period. Following Q2 report, shares of the company declined as much as 2.67 per cent to touch an intra-day low of Rs 889.00 api

NLC India down 2% as government plans to sell stake

Shares of NLC India fell nearly 2 per cent on the Bombay Stock Exchange as the government plans to sell up to 5 per cent stake in the company, formerly Neyveli Lignite Corporation (NLC). Reacting to the news, shares of the state-run firm declined as much as 1.87 per cent to touch an intra-day low of Rs 93.95 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the comp

RCOM dips 2% after DoT approves merger with SSTL

Shares of Reliance Communications fell over 2 per cent on the Bombay Stock Exchange after media reported that the telecom department has approved the company's merger with Sistema Shyam Telecom. Reacting to the news, shares of the company declined as much as 1.97 per cent to touch an intra-day low of Rs 17.35 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the

Tata Steel bids for Essar Steel; scrip rises over 2%

Shares of Tata Steel spurted over 2 per cent on the Bombay Stock Exchange after media report suggested that steel major and Ruias put in bids for debt-laden Essar Steel after the company was put up for sale under the Insolvency and Bankruptcy Code (IBC).

Following the announcement, shares of the company gained as much as 2.34 per cent to trade at intra-day high of Rs 728.00 apiece on

ONGC surges over 3% on heavy volume

Shares of Oil & Natural Gas Corporation (ONGC) rose over 3 per cent on the Bombay Stock Exchange amid surge in volume trade. According to data available with exchange, as much as 6.38 lakh shares changed hand over the counter as compared to two-week average of 2.81 lakh on BSE.

Driven by volume trade, shares of the company gained as much as 3.23 per cent to trade at intra-day high

Kaya jumps over 4% as board approves investment proposal

Shares of Kaya spurted over 2 per cent on the Bombay Stock Exchange after skin and hair care services firm said that it has received board approval investment of an amount not exceeding Rs 51 crore in Singapore-based subsidiary KME Holdings.

Boosted by the development, shares of the company gained as much as 4.60 per cent to trade at intra-day high of Rs 945.00 apiece on the Bombay St

Ramco Systems zooms 15% on winning new order

Shares of Ramco Systems rallied over 15 per cent on the Bombay Stock Exchange after software company has said that it has won a Multi-million dollar Payroll Transformation order from one of the FTSE 100 constituent and British Multinational Banking & Financial Services company.

Buoyed by the development, shares of the company gained as much as 15.14 per cent to trade at intra-day

SBI gains over 3% on deal with Escorts for tractor financing

Shares of State Bank of India rose over 3 per cent on the Bombay Stock Exchange after the country's largest public sector lender said it has signed an agreement with Escorts Ltd to finance farmers for purchase of Escorts tractors, reported PTI. Cheering the news, shares of the bank gained as much as 3.45 per cent to trade at intra-day high of Rs 254.25 apiece on the Bombay Stock Exchange.

Bharti Airtel extends rally; scrip hits 8-yrs high

Shares of continued gaining streak on Monday and rallied nearly 6 per cent, hitting record high, on the Bombay Stock Exchange after the telecom major completed deal with Millicom International Cellular to combine their operations in Ghana last week. Continuing its gaining streak, shares of the company gained as much as 5.82 per cent and touched 52-week high of Rs 501.45 apiece on the Bombay Sto

23/10/2017 12:40:42 PM | Posted in Broking Firm Views read full news
RIL hits fresh record high as Jio hikes plan rates

Shares of Reliance Industries soared over 2 per cent, hitting fresh record high, on the Bombay Stock Exchange after its telecom arm Jio raised plan rates by reducing the validity period. Following the announcement, shares of the company gained as much as 2.15 per cent to touch 52-week high of Rs 69.80 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the company wer

Bhushan Steel zooms 20% on acquisition buzz

Shares of Bhushan Steel rallied 20 per cent and locked in upper circuit on the Bombay Stock Exchange after media report suggested that after ArcelorMittal, the world's largest steel company, has expressed interest to acquire Bhushan Steel. Driven by acquisition buzz, shares of the company gained as much as 19.93 per cent to trade at intra-day high of Rs 69.80 apiece on the Bombay Stock Exch

Nucleus Software hits 52-week high on robust Q2

Shares of Nucleus Software Exports rallied over 19 per cent, hitting 52-week high, on the Bombay Stock Exchange after the company reported 36 per cent quarter on quarter (q-o-q) growth in its consolidated net profit at Rs 15.66 crore in September quarter (Q2FY18), compared to Rs 11.51 crore in the June quarter.

Driven by string Q2, shares of the company gained as much as 19.04 per cen

NALCO slips nearly 2% on profit booking

Shares of National Aluminium Company Limited (NALCO) fell nearly 2 per cent on the Bombay Stock Exchange amid profit booking after strong rally in the last few sessions. Dragged by profit booking, shares of the company declined as much as 1.74 per cent to trade at intra-day low of Rs 86.85 apiece on the Bombay Stock Exchange. In a similar fashion, shares of the company were trading 1.63 per cen

Wipro jumps over 3% as Q2 beats estimates

Shares of Wipro rose over 3 per cent on the Bombay Stock Exchange after the IT bellwether reported 5.6 per cent year-on-year growth in its to second quarter profit at Rs 2,189.5 crore, beating analyst estimates amid improved efficiency and growing business from customers for its digital offerings. Driven by robust Q2, shares of the IT major gained as much as 3.16 per cent to trade at intra-day

Axis Bank tanks over 7% on NPA mess

Shares of Axis Bank plunged over 7 per cent on the Bombay Stock Exchange after the private sector lender reported sharp rise in non-performing assets during the second quarter ended September 30, 2017. The bank has reported 36 per cent year-on-year growth in its second-quarter net profit at Rs 432 crore, against Rs 319 crore in the year-ago quarter. However, the asset quality of the bank weaken

Goodricke slips 2% on acquiring Godfrey Phillip`s tea biz

Shares of Goodricke Group fell over 2 per cent on the Bombay Stock Exchange after the company said that it has acquired the tea business of Godfrey Phillips India to expand its tea retailing business. “Godfrey Phillips India to acquire their Brands namely; Tea City, SC Gold, Symphony, Samovar, SC Premium, Super Cup, Rangoli and Utsav at a total consideration of Rs 20 crore,” Goodric

Snowman Logistics jumps 7% on bagging new order

Shares of Snowman Logistics rallied nearly 7 per cent on the Bombay Stock Exchange after the company won an exclusive deal from IKEA to manage backend operations of its in-store restaurants business in India. Boosted by the development, shares of the company gained as much as 6.80 per cent to trade at intra-day high of Rs 53.40 apiece on the Bombay Stock Exchange.

In a similar fashion

Bajaj Finserv up over 1% as Q2 profit surges

Shares of Bajaj Finserv rose over 1 per cent on the Bombay Stock Exchange after the Bajaj group's insurance arm reported a 13 per cent growth in consolidated net profit at Rs 652.3 crore in the second quarter ended September 30, 2017, compared to Rs 575.75 crore a year earlier. Driven by strong Q2, shares of the company gained as much as 1.14 per cent to trade at intra-day high of Rs 5411.8