Granules India tanks 13% on getting observations for Telangana unit

Shares of Granules India tumbled nearly 13 per cent on the Bombay Stock Exchange after the drug maker said that it has received eleven observations from Infarmed (InstitutoNacional da Farmacia E Do Medicamento), the Portuguese drug regulator, for its facility located at Gagillapur, Telangana.

Weighed down by the development, shares of company declined as much as 12.87 per cent to hit

Pokarna hits 52-week high on partnership with IKEA

Shares of Pokarna zoomed 20 per cent, hitting 52-week high, on the Bombay Stock Exchange after the company said that its wholly-owned subsidiary, Pokarna Engineered Stone, has entered into partnership with Swedish home furnishing products retailer IKEA in India, to serve as its exclusive quartz surfaces supplier and installation partner.

Buoyed by the development, shares of company ga

Tata Motors up on December JLR sales

Shares of Tata Motors climbed over 1 per cent on the Bombay Stock Exchange after the company said that its premium luxury vehicles-maker Jaguar Land Rover (JLR) reported 12 per cent growth in total retail sales of 55,375 vehicles in December 2016 over the previous year.

Boosted by the development, shares of company gained as much as 1.33 per cent to hit intra-day high of Rs 504.45 api

Piramal Enterprises up nearly 4% on plan to enter housing finance biz

Shares of Piramal Enterprises advanced nearly 4 per cent on the Bombay Stock Exchange after the company unveiled plan to enter housing finance business.

Following the announcement, shares of company gained as much as 3.80 per cent to hit intra-day high of Rs 1719.50 apiece on Bombay Stock Exchange. In a similar fashion, stocks of company rose 1.31 per cent to Rs 1,679.90 apiece on the

Wockhardt jumps over 8% after German authority clears Gujarat unit

Shares of Wockhardt surged over 8 per cent on the Bombay Stock Exchange after the drug maker said that competent authority of Germany has issued EU GMP Certificate confirming that company's manufacturing facility at Ankaleshwar, Gujarat, complies with the principles and guidelines of good manufacturing practices.

Boosted by the development, shares of company gained as much as 8.12

IT stocks dips over 2% on H-1B visas concerns

Shares of IT companies tumbled over 2 per cent on Bombay Stock Exchange after media reports suggested that the US Congressmen have reintroduced a bill to limit the use of H-1B visas, a move which would directly IT industry.

Reacting to the news, BSE_IT index declined as much as 253.99 points, or 2.51 per cent, to trade 9884.07 on the BSE. Weighed down by the development, shares of Son

Mastek jumps nearly 4% on acquiring US based TAISTech

Shares of Mastek soared nearly 4 per cent on the Bombay Stock Exchange after it said that Digility Inc., its wholly owned subsidiary, has acquired a US-based leading digital commerce solution provider, TAISTech.

Following the announcement, shares of company gained as much as 3.69 per cent to hit intra-day high of Rs 181.00 apiece on Bombay Stock Exchange. In a similar fashion, stocks

GE Power surges over 5% on winning new contract

Shares of G E Power India climbed over 5 per cent on the Bombay Stock Exchange after the company said that it has been awarded a contract by NTPC ALSTOM Power Services (a 50:50 JV between NTPC and GE) of approximately Rs 198.8 crore (approximately USD 29.22 million) for steam turbine upgrade project at NTPC's Ramagundam Super Thermal Power plant in the State of Telangana.

Followin

Tata Elxsi gains nearly 3% on partnership with Disti Corp

Shares of Tata Elxsi rose nearly 3 per cent on the Bombay Stock Exchange after the global services design and technology services provider said that it has partnered with DiSTI Corporation Florida, USA, the creators of user interface tool, GL Studio.

Following the announcement, shares of company gained as much as 2.88 per cent to hit intra-day high of Rs 1460.00 apiece on Bombay Stock

IP Rings zooms 20% on board nod to right issue

Shares of IP Rings rallied 20 per cent on the Bombay Stock Exchange after the company said that its board approved rights issue in the ratio of 4:5 at offer price of Rs 88.75 per share. “The board of directors has taken decision in connection with the proposed Rights Issue on the, at their Meeting held on January 04, 2017, in the ratio of 4:5 at offer price of Rs 88.75 per share,” I

Petron Engineering zooms over 11% on new work orders

Shares of Petron Engineering Construction rallied over 11 per cent in early trade on the Bombay Stock Exchange after the company received Letter of Intent from Shree Cement, for civil work of plant building & silos and misc. work at their Orissa Grinding Project worth Rs 33 crore.

Driven by new work order, shares of company gained as much as 11.22 per cent to hit intra-day high of

Tata Motors jumps over 3% on bourses

Shares of Tata Motors climbed over 3 per cent in early trade on the Bombay Stock Exchange amid strong outlook as the auto major is lining up a slew of launches and huge investment plans to boost sales. Earlier on Tuesday, the company had launched its new pick-up vehicle Tata Xenon Yodha with price starting at Rs 6.05 lakh.

In line with benchmark indices, shares of company gained as mu

Bombay Dyeing surges over 6% on biz revival plan

Shares of Bombay Dyeing & Mfg Company rose over 6 per cent on the Bombay Stock Exchange after Economic Times reported that the company was looking to turn around its textile retail business in FY18.

Riding high on the media reports, shares of company gained as much as 6.35 per cent to hit intra-day high of Rs 51.90 apiece on Bombay Stock Exchange.

In a similar fashion, s

GVK Power zooms over 13% on winning bid for Navi Mumbai airport

Shares of GVK Power & Infrastructure rallied over 13 per cent on the Bombay Stock Exchange after media reported that it has quailed for Rs 16,000 crore Navi Mumbai Airport bid as rival bidders pull out from the bidding process.

According to an ETRealty report, GMR Infrastructure, Tata Realty & Infrastructure and the Hiranandani Group pull out from the bidding process, leaving

Mahanagar Gas jumps over 4% on heavy volume

Shares of Mahanagar Gas, a joint-venture between GAIL, BG Group and the Government of Maharashtra, continued their gaining streak on Wednesday and advanced over 4 per cent on the Bombay Stock Exchange amid surge in volume trade.

Earlier on Sunday, the company in association with Eco Fuel announced the launch of CNG fueled two-wheelers in Mumbai. Extending previous session rally, share

Ramco Systems spikes over 11% on deal with Panasonic Group

Shares of Ramco Systems surged over 11 per cent on the Bombay Stock Exchange after the company said it has signed a multi-million dollar Cloud HR & Payroll transformation deal with Panasonic Group of companies in Malaysia.

Following the announcement, shares of company gained as much as 11.11 per cent to hit intra-day high of Rs 386.50 apiece on Bombay Stock Exchange. In a similar

Jubilant Life zooms nearly 12% on signing deal in Radiopharma biz

Shares of Jubilant Life Sciences jumped nearly 12 per cent on the Bombay Stock Exchange after the company said that its arm signed long term contracts in Radiopharma business. “The company’s wholly own subsidiary Jubilant Pharma, through one of its units Jubilant DraxImage Inc.

Montreal Canada (JDI), has signed long term contracts with distribution networks in the US for s

Bajaj Hindusthan Sugar jumps over 4% on plan to sell power biz

Shares of Bajaj Hindusthan Sugar advanced over 4 per cent on the Bombay Stock Exchange after the company said that it seek shareholders' nod to sell its co-generation power business to group firm Lalitpur Power Generation Company Ltd (LPGCL) for about Rs 1,800 crore.

Following the announcement, shares of company gained as much as 4.12 per cent to hit intra-day high of Rs 4.12 apie

Balrampur Chini Mills jumps nearly 6% on share buyback plan

Shares of Balrampur Chini Mills surged nearly 6 per cent on the Bombay Stock Exchange after its board approved January 13, 2017 as the record date for the buyback of equity shares. Following the announcement, shares of company gained as much as 5.79 per cent to hit intra-day high of Rs 137.90 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company rose 1.11 per cent t

Snowman Logistics surges over 6% ahead of GST council meeting

Shares of Snowman Logistics soared over 6 per cent on the Bombay Stock Exchange on hope that the government will clear hurdle for goods and services tax (GST) implementation in the GST Council meet today.

Ahead of the meeting, shares of company gained as much as 6.56 per cent to hit intra-day high of Rs 55.20 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of c

IOC extends rally on fuel price hike; scrip hits 52-week high

Shares of state-run Indian Oil Corporation (IOC) rose over 6 per cent, hitting 52-week high, on the Bombay Stock Exchange following hike in petrol and diesel prices with effective from Sunday midnight.

State-run companies have raised petrol prices by Rs 1.29 a litre, and of diesel by 97 paise with effective from Sunday midnight. Boosted by the development, shares of company gained as

Bank stocks trade lower as Prime Minister nudges to cut rates; SBI down 2%

Shares of financial companies were under pressure on Monday after Prime Minister Narendra Modi appealed to banks to priorities their lending towards the poor and middle class in his address to nation on New Year's Eve.

Following the announcement, state-run lender State Bank of India lowered marginal cost of funds based lending rate (MCLR) by 0.9 per cent from 8.90 per cent to 8 pe

Bajaj Auto skids nearly 3% post December sales number

Shares of Bajaj Auto dipped nearly 3 per cent on the Bombay Stock Exchange after the auto major reported a decline of 22 per cent in its total sales in December at 225,529 units as compared to 289,003 units in the year ago month.

Weighed down by weak sales number, shares of company declined as much as 2.95 per cent to hit intra-day low of Rs 2556.00 apiece on Bombay Stock Exchange.

IL&FS Engineering surges over 7% on winning new order

Shares of IL&FS Engineering and Construction Company jumped over 7 per cent on the Bombay Stock Exchange after the company bagged Rs 242.56 crore road contract in Karnataka. Following the announcement, shares of company gained as much as 7.52 per cent to hit intra-day high of Rs 45.75 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company rose 5.80 per cent to Rs

OMCs shares gain on fuel price hike

Shares of oil marketing companies, such as Oil India, BPCL and HPCL, rose on Monday on the Bombay Stock Exchange following hike in petrol and diesel prices with effective from Sunday midnight.

State-run companies have raised petrol prices by Rs 1.29 a litre, and of diesel by 97 paise with effective from Sunday midnight. Tracking the news, BSE Oil&Gas index rose to 12233.88, up by