Sintex Industries surges 14% on bulk deals
Uploading Date : 13-07-2017Shares of Sintex Industries surged nearly 14 per cent in Thursday’s trade after Morgan Stanley bought nearly 36 lakh shares in the company in a bulk deal on Wednesday. Data showed Morgan Stanley (France) SAS bought 35,69,625 Sintex shares on Wednesday at an average price of Rs 28.95. Besides, Adroit Financial Services was seen buying 31,40,067 of the company’s shares at Rs 28.39...........
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Bajaj Corp net profit rises 5.32% to Rs 55 crore in Q1
Uploading Date : 13-07-2017FMCG firm Bajaj Corp on Wednesday reported a 5.32 per cent increase in standalone net profit at Rs 54.97 crore for the first quarter ended June 30. The company had reported a net profit of Rs 52.19 crore in the same quarter a year ago..........
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IndusInd Bank's Q1 net profit rises 26%
Uploading Date : 12-07-2017Private sector lender IndusInd Bank’s first quarter net profit rose 26 per cent on healthy interest income as the bank bucked the industry norm to grow its advances book at a fast clip. The bank’s net profit rose to Rs 836.55 crore in the quarter ended June, compared with Rs 661.38 crore in the year-ago quarter..................
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Reliance Industries hits over 9-year high; stock up 41% in 2017
Uploading Date : 12-07-2017Reliance Industries (RIL) hit an over 9-year high of Rs 1,525, up 2% on BSE in early morning trade. The stock was trading at its highest level since January 17, 2008. Thus far in the calendar year 2017, it outperformed the market by surging 41% as compared to 19% rise in the S&P BSE Sensex..............
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Sugar stocks jump on increase in import duty
Uploading Date : 11-07-2017Stocks of sugar companies hogged the limelight in Tuesday's trade after the government increased import duty on sugar to 50 per cent in order to curb dumping of the commodity in India as international prices fell. Reacting to the news, shares of sugar companies like........
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Alembic Pharma gains 6% on USFDA nod for new drug
Uploading Date : 11-07-2017Alembic Pharmaceuticals rose 6% to Rs 545 on BSE in intra-day trade after the company said that it has received US Food & Drug Administration (USFDA) tentative approval for its abbreviated new drug application (ANDA) for Dabigatran Etexilate Capsules, 150 mg...........
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Tata Motors gains post June JLR sales data
Uploading Date : 10-07-2017Tata Motors rallied 5% to Rs 458 on BSE in intra-day trade after its British luxury unit Jaguar Land Rover (JLR) reported 11% rise in sales at 51,591 units in June 2017 over June 2016. “Retail sales for June were up year-on-year in China (65.3%), the UK (3.8%), Europe (3.7%) and North America (3.2%) whilst sales in overseas markets were down 8.5%,” JLR said in a press release...............
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IDFC and Shriram Group shares trade weak on proposed merger talks
Uploading Date : 10-07-2017Shares of IDFC, IDFC Bank, Shriram Transport Finance and Shriram City Union Finance were trading weak in otherwise firm market after IDFC and Shriram group on Saturday said they had entered 90 days of merger talks. Among the individual stocks, Shriram City Union Finance and Shriram Transport Finance were down4% each at Rs 2,386 and Rs 1,044, respectively.............
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