Triveni Engineering Ltd. surges over 14% on stake buying by AK Goel

Shares of Triveni Engineering & Industries spiked over 14 per cent on the Bombay stock Exchange after media reported that renowned investor Anil Kumar Goel has purchased 14.15 lakh shares of the company at Rs 71.13 each.

Boosted by the development, shares of the company gained as much as 14.32 per cent to hit intra-day high of Rs 81.00 apiece on the Bombay Stock Exchange. The stoc

ABB India surges over 6% on robust Quarterly Result

Shares of ABB India jumped over 6 per cent on the Bombay stock Exchange after the company reported 39 per cent year-on-year growth in net profit at Rs 76 crore for the second quarter ended June 30, 2017. Driven by strong Q2, shares of the company gained as much as 6.59 per cent to hit intra-day high of Rs 1548.40 apiece on the Bombay Stock Exchange.

The stocks were currently trading a

Just Dial zooms 10% on share buyback plans

Shares of Just Dial rallied 10 per cent on the Bombay stock Exchange after local search engine firm said that its board will meet on July 24, to consider share buyback proposal. Following the announcement, shares of the company gained as much as 9.88 per cent to hit intra-day high of Rs 389.85 apiece on the Bombay Stock Exchange.

The stocks were currently trading at Rs 382.50 against

Jio on IUC: Big telcos made excess recovery of Rs 1.2 L cr

Reliance Jio has dismissed as "myth" the claim that incumbent telecom operators are incurring losses due to reduction in call connect charges and alleged that two of established operators had made "excess recovery" to the tune of nearly Rs 1.2 lakh crore, reported PTI. In a presentation yesterday to the telecom regulator on the Interconnection Usage Charges (IUC), a key inpu

Canara Bank first-quarter net profit misses estimates; bad loans rise

Canara Bank posted a lower-than-expected quarterly net profit on Wednesday, hurt by higher bad loan provisions.

Net profit rose to 2.52 billion rupees ($39.18 million) in its fiscal first quarter ended June 30, from 2.29 billion rupees a year earlier, the country's fifth largest state-run lender by assets said 

Analysts on average had expected the Bengaluru-based ba

Balaji Telefilms surges 6% on buzz over stake sale

Shares of Balaji Telefilms jumped nearly 6 per cent on the Bombay stock Exchange after media reported that may sell up to 26 per cent stake in Alt Balaji to Zee, Reliance Jio. Riding high on media reports, shares of the company gained as much as 5.98 per cent to hit intra-day high of Rs 194.90 apiece on the Bombay Stock Exchange.

The stocks were currently trading at Rs 190.20 against

Grasim Industries tanks over 7% as stocks turn ex-dividend

Shares of Grasim Industries plunged over 7 per cent on the Bombay stock Exchange after stocks turned ex-dividend today. Ex-dividend date is the date on or after which a share is traded without a previously declared dividend. Weighed down by the development, shares of the company declined as much as 7.14 per cent to hit intra-day low of Rs 1091.00 apiece on the Bombay Stock Exchange.

T

Aurobindo Pharma jumps over 8% on drug approval

Shares of drug maker Aurobindo Pharma rallied over 8 per cent on the Bombay stock Exchange after the company said that it has received final approval from the US Food and Drug Administration (USFDA) to manufacture Sevelamer Carbonate tablets, a drug used in kidney disease. Boosted by the development, shares of company gained as much as 8.29 per cent to hit intra-day high of Rs 794.50 apiece on

ITC recovers from GSL jolt, scrip up over 2%

Shares of cigarettes maker ITC rebounded over 2 per cent on the Bombay stock Exchange after suffering year’s biggest fall of nearly 13 per cent in the previous session after the government increased the cess on cigarettes to compensate manufacturer losses from lower GST rates.

Recouping previous session losses, shares of FMCG major gained as much as 2.21 per cent to hit intra-da

Wipro extends gain on share buyback plan

Shares of Wipro continued gaining streak on Tuesday and rose nearly 2 per cent on the Bombay stock Exchange after the country’s third largest software exporter said that its board would consider a proposal for buyback of equity shares of the Company on July 20, 2017.

“A meeting of the Board of Directors of the Company to be held over July 19-20, 2017, to consider a proposa

Jubilant Foodworks surges over 4% on robust Quarterly Result

Shares of Jubilant Foodworks jumped over 4 per cent on the Bombay stock Exchange after a the company reported a 26 per cent year-on-year growth in its standalone net profit after tax (PAT) at Rs 23.84 crore for the first quarter ended June 30, 2017, driven by robust Same Store Sales growth. Driven by Q1, shares of company gained as much as 4.25 per cent to hit intra-day high of Rs 1,328.75 apie

ITC nosedives 15% as govt hikes cess on cigarettes

Shares of cigarettes maker ITC tumbled 15 per cent on the Bombay stock Exchange after the government increased the cess on cigarettes to compensate manufacturer losses from lower GST rates. Weighed down by the development, shares of FMCG major declined as much as 14.99 per cent to hit intra-day low of Rs 276.90 apiece on the Bombay Stock Exchange.

The stocks were currently trading at

ACC shares up over 3% on robust Quarterly Result

Shares of ACC rose over 3 per cent on the Bombay stock Exchange after the cement maker reported a 32.57 per cent rise in its consolidated net profit at Rs 326.23 crore for the April-June quarter, driven by an increase in sales.

Boosted by strong Q2, shares of company gained as much as 3.34 per cent to hit intra-day high of Rs 1809.80 apiece on the Bombay Stock Exchange. The stocks wer

Reliance Industries Ltd slips over 2% on arbitration penalty

Shares of Reliance Industries fell over 2 per cent on the Bombay stock Exchange after the government asked the company along with Shell and ONGC to pay a combined USD 3 billion in penalty following an arbitration award in the Panna Mukta Tapti (PMT) oil field dispute that went in favour of the government, says an ET report.

Reacting to the news, shares of Mukesh Ambani-led company dec

ITC slips nearly 3% on buzz over cigarettes price hike

Shares of cigarettes maker ITC tanked nearly 3 per cent on the Bombay stock Exchange after media report suggested that the government may consider hiking the compensation cess on cigarettes if prices come down post the implementation of the Goods and Services Tax (GST). Reacting to media reports, shares of company declined as much as 2.89 per cent to hit intra-day low of Rs 327.45 apiece on the

GMR Infra gains 3% on buzz over stake sale in Hyderabad airport

Shares of GMR Infrastructure climbed over 3 per cent on the Bombay stock Exchange after media report suggested that the company was in advanced talks with Abu Dhabi Investment Authority (ADIA) to sell a stake of up to 49 per cent stake in Hyderabad International Airport. Cheering the news, shares of company gained as much as 3.05 per cent to hit intra-day high of Rs 18.55 apiece on the Bombay S

Cadila rises nearly 3% on USFDA nod to for sclerosis drug

Shares of Cadila Healthcare soared nearly 3 per cent on the Bombay stock Exchange after drug major said that it has received the tentative approval from the United States Food and Drug Administration (USFDA) to market Fingolimod Capsules. Boosted by the development, shares of company gained as much as 2.87 per cent to hit intra-day high of Rs 545.40 apiece on the Bombay Stock Exchange.

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Karnataka Bank slips over 4% on disappointing Quarterly Result

Shares of Karnataka Bank tumbled over 4 per cent on the Bombay stock Exchange after the lender reported lower-than-expected top and bottom line growth. The bank has posted a 10 per cent growth in net profit at Rs 134 crore, compared with Rs 122 crore last year.

Reacting to Q1 result, shares of bank declined as much as 4.49 per cent to hit intra-day low of Rs 158.25 apiece on the Bomba

Wipro jumps over 5% on share buyback plan

Shares of Wipro surged over 5 per cent on the Bombay stock Exchange after IT major said that its board would consider a proposal for buyback of equity shares of the Company on July 20, 2017. “A meeting of the Board of Directors of the Company to be held over July 19-20, 2017, to consider a proposal for buyback of equity shares of the company on July 20, 2017,” Wipro said in a filing

Sharp India falls over 4% after Director resigns

Shares of home appliances and consumer electronic products maker Sharp India tumbled over 4 per cent on the Bombay stock Exchange after the company said that its Director Kazunori Ajikawa has resigned. “Kazunori Ajikawa has resigned as a Director of the company with effect from, Friday, 14th July 2017,” said Sharp India in a filing to BSE.

Weighed down by the development,

Reliance Industries Ltd. extends rally; scrip hits fresh 52-week high

Shares of Reliance Industries continued gaining streak on Monday and rose over 1 per cent, hitting fresh 52-week high, on the Bombay stock Exchange amid strong oil demand growth outlook and new tariff plan announced by its telecom subsidiary Reliance Jio. Reliance Jio announced new tariff plan for its Jio Prime Members under which they can enjoy unlimited services for three months with Rs 399 p

Infosys shares up 1% on revenue growth outlook

Shares of Infosys rose over 1 per cent on the Bombay stock Exchange after IT major reported a 3.3 per cent year-on-year drop in net profit at Rs 3,483 crore for the first quarter ended June 30, 2017. Revenue for the quarter dropped 0.2 per cent to Rs 17,078 crore compared with Rs 17,120 crore in the corresponding quarter of last year. The company, however, continued to maintain its constant cur

Infosys Quarterly Result profit dips 3.3%; retains FY18 revenue guidance

Leading IT major, Infosys has said that it has reported a 3.3 per cent drop in net profit at Rs 3,483 crore for the first quarter ended June 30, 2017. The IT major had reported Rs 3,603 crore profit during the previous quarter of last year. Revenue for the quarter dropped 0.2 per cent to Rs 17,078 crore compared with Rs 17,120 crore in the corresponding quarter of last year.

The compa

Infibeam board okays share split, CC Avenue amalgamation

The board of e-commerce firm Infibeam Incorporation has approved share split plan in the ratio of 1:10 that will make its scrip more affordable for the investors and increase market liquidity. The board also cleared amalgamation of CC Avenue with the company in which Infibeam has controlling stake. "...The Board of Directors of the Company at its meeting held on Thursday July 13, 2017... H

HPCL extends rally on merger buzz

Shares of state-run oil marketing company Hindustan Petroleum Corporation Limited (HPCL) rallied over 6 per cent on the Bombay stock Exchange after media report suggested that government may complete ONGC-HPCL merger by the end of FY18. Extending rally on merger buzz, shares of HPCL gained as much as 6.31 per cent to hit intra-day high of Rs 359.30 apiece on the Bombay Stock Exchange. The stock