Bearings stocks rally; Bimetal Bearings, Fag Bearings hit record high
Uploading Date : 05-07-2017Shares of bearings companies are on a roll, surging up to 20% on BSE after Timken India board approved the amalgamation of ABC Bearings with the company. ABC Bearings was locked in upper circuit of 20% at Rs 287, also its record high on BSE. Timken India surged 7% to Rs 725 after hitting high of Rs 738 on BSE in intra-day trade............
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Indostar in talks to buy 70% stake in ICICI Home Finance
Uploading Date : 04-07-2017Indostar Capital Finance is negotiating to acquire as much as a 70% stake in ICICI Home Finance, the mortgage lending unit of ICICI Bank which has had other suitors as well in the past, people familiar with the matter said. The non-banking finance company funded by private equity firm Everstone Capital has offered to pay Rs. 2,000 crore for the stake, one of them said...........
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Bayer CropScience up 5% on share buyback plan
Uploading Date : 03-07-2017Bayer CropScience was up 5% to Rs 4,795 on the BSE in noon deals after the agrochemicals company announced a share buyback plan. “A meeting of the board of directors of the company will be held on June 06, 2017, to consider a proposal for buy back of the company's equity shares, constitution of buyback committee, and appointment of intermediaries in accordance with all applicable provisions of laws,” Bayer CropScience said in a statement..........
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GST price cuts lift auto stocks despite poor June sales
Uploading Date : 03-07-2017Most auto stocks traded higher in early trade on Monday, after domestic auto firms reported a set of mixed sales numbers for June and announced price cuts after the rollout of the goods and services tax (GST). The BSE Auto index rose 0.65 per cent and was trading at 23,565 around 9.55 am (IST)..........
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Market Now: Realty construction to attract higher GST; realty stocks fall up to 3%
Uploading Date : 30-06-2017Most of the realty stocks came under heavy selling pressure in early trade on Friday after the government revised the goods and services tax (GST) for construction of real estate to 18 per cent from 12 per cent announced earlier...............
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CDSL makes stellar debut; stock jumps 68% on NSE listing
Uploading Date : 30-06-2017Central Depository Services (India) Limited (CDSL) has makes a strong debut by listing at Rs 250, a 68% premium against its initial public offer (IPO) price of Rs 149 on the National Stock Exchange (NSE). CDSL is the first depository to be listed on the country’s stock exchanges.........
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BSE Realty gains 60%! Sectors that outperformed Sensex in 2017 so far
Uploading Date : 28-06-2017As Sensex surged 16% this calendar year, some sectors outperformed the frontline index, rising as much as 60% in the given time period. While Realty, consumer durables, banking and finance sectors lead the rally, only IT and health indices have been in the red for 2017..............
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Welspun Enterprises hits 52-week high; stock up 15% in two days
Uploading Date : 28-06-2017Welspun Enterprises hit 52-week high of Rs 117, up 9%, extending its Tuesday’s 6% gain on BSE on the back of heavy volumes. Till 10:26 am; a combined 1.59 million equity shares exchanged hands against an average sub-one million shares that traded daily in the past two weeks on BSE and NSE............
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