BHEL zooms 10% on heavy volume

Shares of Bharat Heavy Electricals Limited (BHEL) surged 10 per cent on the Bombay Stock Exchange amid surge in volume trade. According to data available with exchange, as much as 42.58 lakh shares have changed hand on the counter till 12:10 hours, as compared to two week average of 30.01 lakh shares.

Driven by volume trade, shares of the company gained as much as 9.99 per cent to tra

Divi`s Lab extends rally; scrip up 5%

Shares of Divi's Laboratories continued gaining momentum for the fifth straight session and soared nearly 5 per cent on the Bombay Stock Exchange as media report suggested that the drug maker has re-invited US Food and Drug Administration (USFDA) for reinspection of Unit-II, which constitutes of 60-65 per cent of total sales for the company.

Extending previous session rally, share

Thermax surges 6% on bagging new order

Shares of Thermax jumped nearly 6 per cent on the Bombay Stock Exchange after energy and environment engineering company bagged a contract worth USD 43 million (Rs 276 crore approximately) from a cement company in the UAE for a turnkey captive power plant. Boosted by the development, shares of the company gained as much as 5.72 per cent to trade at intra-day high of Rs 950.00 apiece on the Bomb

Religare Enterprises extends rally; scrip hits roof

Shares of Religare Enterprises continued gaining momentum for the fourth straight session on Wednesday and locked in upper circuit on the Bombay Stock Exchange after the company’s shareholder approved a proposal to use the proceeds of the sale of its health insurance business to repay Axis Rs 450 crore loan.

Extending previous session rally, shares of the company gained as much

Capital First jumps nearly 4% as RBI hikes FIIs limit

Shares of Capital First soared nearly 4 per cent on the Bombay Stock Exchange after the Reserve Bank of Indian allowed foreign investors to hold up to 50 per cent equity stake in the company. Boosted by the development, shares of the company gained as much as 3.79 per cent to trade at intra-day high of Rs 839.00 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the

Tata Chemical rises 2% as parent rejigs stake

Shares of Tata Chemical rose nearly 2 per cent on the Bombay Stock Exchange after the board of the company accepted an offer from Tata Sons Limited for sale of 4,31,75,140 equity shares of Rs 1 each of Tata Global Beverages Limited.

The funds received from this sale will allow the company to focus its investments in strategic growth areas in Consumer Foods and Specialty products from

RIL extends rally; scrip hits fresh record high

Shares of Mukesh Ambani-led Reliance Industries (RIL) soared over 3 per cent, hitting fresh 52-week high, on the Bombay Stock Exchange as investors widened bet on company on hopes that the company will report another strong financial numbers in July – September quarter.

Extending previous session rally, shares of the company gained as much as 3.5 per cent and touched fresh 52-we

Rane (Madras) zooms 18% on allotting shares to promoter

Shares of Rane (Madras) rallied over 18 per cent on the Bombay Stock Exchange after the shareholders of the company approved issue and allotment of under preferential issue to Rane Holdings Limited.

The allotment committee of the board of directors on September 11, 2017 has allotted 10,96,892 equity shares of face value of Rs 10 each, fully paid up, for cash, at a price of Rs 547 each

Tata Coffee surges 16% as Porinju Veliyath buys stake

Shares of Tata Coffee rallied nearly 16 per cent, hitting fresh 52-week high, on the Bombay Stock Exchange after Porinju Veliyath-led Equity Intelligence India purchased 10 lakh shares in the company at Rs 150 apiece. Boosted by the development, shares of the company gained as much as 15.89 per cent and touched 52-week high to trade at Rs 175.00 apiece on the Bombay Stock Exchange.

In

BPCL surges nearly 4% on getting Maharatna status

Shares of Bharat Petroleum Corporation Limited (BPCL) soared nearly 4 on the Bombay Stock Exchange after government of India conferred Maharatna Status to the oil marketing company.

Buoyed by the development, shares of the company gained as much as 3.87 per cent to hit an intra-day high of Rs 532.35 apiece on the Bombay Stock Exchange. In a similar fashion, shares of the company were

Tata Steel jumps 5% on approval of pension scheme

Shares of Tata Steel jumped nearly 5 per cent, hitting 52-week high, on the Bombay Stock Exchange after the company’s UK unit said that the British Steel Pension Scheme (BSPS) has been removed from itself and a number of affiliated companies.

Cheering the news, shares of the company gained as much as 4.64 per cent and touched 52-week high to trade at Rs 692.00 apiece on the Bomb

HDFC Bank hits fresh record high on bourses

Shares of HDFC Bank continued gaining streak on Tuesday and rose nearly 1 per cent, hitting fresh 52-week high, on the Bombay Stock Exchange as investors widened bet on the bank’s stocks considering stable margins and healthy asset quality.

Extending previous session rally, shares of the bank gained as much as 0.9 per cent and touched 52-week high to trade at Rs 1840.00 apiece o

Liberty Shoes extends rally; scrip zooms nearly 16%

Shares of Liberty Shoes rallied nearly 16 per cent, hitting fresh 52-week high, on the Bombay Stock Exchange after Equity Intelligence India acquired nearly two per cent stake in footwear firm through open market transaction. Extending previous session rally, shares of the company gained as much as 15.85 per cent and touched 52-week high to trade at Rs 282.00 apiece on the Bombay Stock Exchange

IndusInd Bank slips nearly 3% on profit booking

Shares of IndusInd Bank fell nearly 3 per cent on the Bombay Stock Exchange as investors resorted to profit booking after strong rally in the previous session. The private sector lender on Monday entered into exclusivity agreement to evaluate with microfinance company Bharat Financial Inclusion for proposed potential strategic combination by way of amalgamation through a scheme of arrangement,

Godrej Industries up 4% as arm gets Sebi nod for IPO

Shares of Godrej Industries jumped over 4 on the Bombay Stock Exchange after its arm Godrej Agrovet got Sebi's approval to raise nearly Rs 1,000-1,200 crore through public listing of stocks.

Cheering the news, shares of the company gained as much as 4.20 per cent to hit an intra-day high of Rs 658.35 apiece on the Bombay Stock Exchange. In a similar fashion, shares of the company

Panacea Biotec up 13% on expanding collaboration with US firm

Shares of Panacea Biotec zoomed over 13 per cent on the Bombay Stock Exchange after the company has expanded its existing collaboration with Canada's Apotex Inc for sales and distribution of Prasugrel tablets in the US.

"Panacea Biotec has expanded its existing collaboration with Apotex Inc, the largest Canadian-owned pharmaceutical company, for sales and distribution of Pras

IndusInd Bank surges 5% post signing pact for exploring merger

Shares of IndusInd bank zoomed over 5 per cent on the Bombay Stock Exchange after the Bank said that it has entered into an exclusivity agreement with Bharat Financial Inclusion Ltd (BFIL) to evaluate merger between the two companies. The board of directors of IndusInd Bank has on Monday, September 11, 2017 entered into a “confidentially, exclusively and standstill agreement with BFIL, In

Generic Engineering surges 3% after bagging Rs 63 cr orders

Shares of Generic Engineering Construction & Projects surged over 3 per cent on the Bombay Stock Exchange after the company said that it has bagged orders worth Rs 63 crore from various reputed clients.

The company has bagged order worth Rs 41 crore from Golden Reality and another order worth Rs 22 crore from Aadi Properties LLP, it said in a filing to the Bombay Stock Exchange. F

GTPL Hathway jumps after RBI raises FPIs investment limit

Shares of GTPL Hathway zoomed over 5 per cent on the Bombay Stock Exchange after the central bank raised foreign investment limit in the company to 49% from 24% earlier. “The Reserve Bank of India has notified that the Foreign Institutional Investors (FIIs)/ Foreign Portfolios Investors (FPIs) investment limit under Portfolio Investment Scheme in M/s GTPL Hathway Ltd. has increased from 2

Biocon jumps 3% as insulin facility in Malaysia gets GMP nod

Shares of Biocon soared over 3 per cent on the Bombay Stock Exchange after the company said that its insulin facility in Malaysia received compliance certificate. Biocon said its subsidiary in Malaysia, Biocon Sdn. Bhd., received a certificate of 'GMP (Good Manufacturing Practice) Compliance' for its Insulins manufacturing facility by the HPRA (Ireland) as the representative European in

CCL Products (India) up 8% as RBI hikes FPIs investment limit

Shares of CCL Products soared over 8 per cent on the Bombay Stock Exchange after the central bank raised foreign investment limit in the company to 40% from 24% earlier. The Reserve Bank of India notified after market hours yesterday, 7 August 2017, that the foreign investment limit for investment by Foreign Institutional Investors (FIIs)/Foreign Portfolios Investors (FPIs) in CCL Products (Ind

Cadila jumps 3% on zero observations from USFDA for Moraiya unit

Shares of Cadila Healthcare surged over 3 per cent on the Bombay Stock Exchange after getting zero observations from the US health regulator for Moraiya plant. The US Food and Drug Administration has issued zero observations for Moraiya unit (Gujarat) after its re-inspection. The USFDA had re-inspected this facility in 2017. Earlier also, when the US health regulator had inspected Moraiya unit

Punj Lloyd zooms 15% as JV wins contract from NHAI

Shares of Punj Lloyd zoomed over 15 per cent on the Bombay Stock Exchange on reports that a Punj Lloyd JV has won Rs 1,177-crore project in Myanmar from the National Highways Authority of India (NHAI). "The NHAI has awarded its first international project in Myanmar. A joint venture between Punj Llyod and Varaha Infrastructure Ltd has won the bid to construct the Yagyi- Kalewa road section

Gravita India surges 4% on capacity expansion at Chittoor plant

Shares of Aegis Logistics surges nearly 4 per cent on the Bombay Stock Exchange after the company said that it has raised capacity at Chittoor unit in Andhra Pradesh to 28000 mtpa from 12000 mtpa, making it the flagship plant of the Jaipur-based company.

The company at present is utilizing more than 65 percent of its existing capacity at the Chittoor plant.The company invested about R

Shalimar Paints extends gains after commissioning plant

Shares of Shalimar Paints rose over 2 per cent on the Bombay Stock Exchange extending Tuesday's gains triggered by the company re-commissioning its Chennai plant and starting its commercial production from 4 September 2017. On the BSE, 11,000 shares were traded on the counter so far as against average daily volumes of 9,665 shares in the past one quarter.

Following the announcemen