Lupin's 4.5% rise pushes Nifty Pharma index up by 1.5%
Uploading Date : 07-07-2017Pharma stocks were in focus in today’s trade with Lupin surging as much as 4.7%, becoming the biggest gainer on both the frontline indices. The pharma major helped Nifty Pharma gain over 1.5% in today’s trade, making it the top performing index among other sectoral indices. BSE Healthcare index also gained 1.4%.
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Sugar output seen higher, govt mulls help for industry
Uploading Date : 07-07-2017Sugar production in India is estimated to go up 25-30 per cent in the sugar year 2017-18 (the year begins on October 1), with higher sowing of cane and a 11 per cent increase in the government’s recommended minimum price to growers..............
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Shankara Building Products hits new high; zooms 110% against IPO price
Uploading Date : 06-07-2017Shankara Building Products (SBPL) was up 7% at Rs 968, extending its Wednesday’s 8% rally on BSE on back of heavy volumes. The stock of retailer of home improvement and building products is trading at its highest level since listing on April 5, 2017. It has zoomed 110% against its initial public offer (IPO) price of Rs 460 per share. The company had raised Rs 345 crore through public issue..........
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PE investments up 62% to $5.4 billion in Q1
Uploading Date : 05-07-2017Private equity (PE) entities invested about $5.4 billion (Rs 35,000 crore) in India across 124 deals during the quarter ended June, up by 62 per cent than that in the same quarter of 2016, which saw $3.3 billion across 145 transactions................
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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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