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Indian stocks edge higher in lackluster trade; ITC up 3%

PNB jumps 5% on insolvency resolution at Bhushan Steel  -   21/05/2018 14:00
S hares of Punjab National Bank (PNB) surged nearly 5 per cent on the Bombay Stock Exchange after media report suggested that the insolvency resolution at Bhushan Steel will boost profitability of the bank by upto Rs 7.35 billion in the June quarter. Cheering the news, stocks of the bank gained as much as 4.79 per cent and touched an intra-day high of Rs 78.30 apiece on the Bombay Stock Exchange. In a...
Tata Steel dips 3% post acquiring majority stake in Bhushan Steel  -   21/05/2018 14:00
S hares of Tata Steel fell nearly 3 per cent on the Bombay Stock Exchange after the steel maker completed the acquisition of a 72.65 per cent stake in Bhushan Steel. Following the announcement, stocks of the company declined as much as 2.76 per cent and touched an intra-day low of Rs 575.15 apiece on the Bombay Stock Exchange. In a similar trend, shares of the firm were trading 2.38 per cent lower at R...
TCS hits record high on fixing record date for bonus issue  -   21/05/2018 13:49
S hares of Tata Consultancy Services (TCS) rose over 2 per cent, hitting record high, on the Bombay Stock Exchange after the company fixed June 2, 2018 as the record date for determining the entitlement of members to receive bonus shares in the ratio of 1:1. Following the announcement, stocks of the company gained as much as 2.55 per cent and touched 52-week high of Rs 3591.85 apiece on the Bombay Stock E...
Amara Raja Batteries slips over 8% post Q4  -   21/05/2018 13:45
S hares of Amara Raja Batteries tanked over 8 per cent on the Bombay Stock Exchange after the company reported a lower than expected 10.7 per cent growth in standalone net profit at Rs 1.1 billion in March quarter (Q4FY18). Following Q4 results, stocks of the company declined as much as 8.42 per cent and touched an intra-day low of Rs 759.55 apiece on the Bombay Stock Exchange. In a similar trend, sha...
Avenue Supermarts dips 5% as promoter sells stake  -   21/05/2018 13:41
S hares of Avenue Supermarts fell over 5 per cent on the Bombay Stock Exchange after the company said that promoter R K Damani would offload his stake to comply with the shareholding norms. Following the announcement, stocks of the company declined as much as 5.63 per cent and touched an intra-day low of Rs 1337.05 apiece on the Bombay Stock Exchange. In a similar trend, shares of the firm were trading...
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