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........
See full article
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...........
See full article
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...............
See full article
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.............
See full article
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%.
See full article
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..............
See full article
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..........
See full article
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................
See full article