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  • Ashapura Minechem rallies 9% as Porinju Veliyath's Equity Intelligence ups stake

    17 November, 2017 9:35 AM 25

    Equity Intelligence's shareholding in the company increased to 5.35 percent from 4.5 percent earlier. Ashapura Minechem shares rallied 9.4 percent intraday Friday after ace investor Porinju Veliyath's Equity Intelligence raised its stake in the company. The firm has purchased 7.42 lakh shares (representing 0.85 percent of total paid-up equity) of the company

  • BJP releases first list of 70 candidates for Gujarat polls

    17 November, 2017 8:38 AM 35

    The BJP today released its first list of candidates for the Gujarat elections, to be held in two phases on December 9 and 14. The list comprises 70 candidates for elections to the 182-member Gujarat Assembly. The party has named Chief Minister Vijaybhai Rupani as its candidate from Rajkot West. Deputy Chief Minister Nitinbhai Patel will contest from Mahesana

  • Aircel delays debt repayments: CARE

    17 November, 2017 8:22 AM 22

    Telecom operator Aircel Ltd has delayed payment of interest on its debt obligations, ratings agency CARE said and downgraded its rating on the company's bank facilities to default. Aircel, the sixth-ranked mobile carrier in the country by subscribers, has delayed payment of interest on its debt obligations on account of its "weak liquidity position

  • Buy Ashok Leyland, Britannia Industries, Divis Lab: Sudarshan Sukhani

    17 November, 2017 6:36 AM 20

    Sudarshan Sukhani of is of the view that one may buy Ashok Leyland and Britannia Industries. Sudarshan Sukhani of told CNBC-TV18, "Since we are already long or I am suggesting a long position in the primary indices which takes care of most of the largecaps, we are looking at smallcaps. There are plenty of opportunities

  • Gati shares rise 7% after September quarter earnings

    17 November, 2017 6:30 AM 25

    Shares of Gati rose 7 percent intraday Friday after second quarter earnings. The company has recorded 179 percent jump in its Q2 net profit at Rs 20.77 crore against Rs 7.44 crore. Revenue decreased 4.6 percent at Rs 405.97 crore against Rs 425.65 crore. The share touched its 52-week high Rs 146.35 and 52-week low Rs 101.60 on 30 March, 2017 and 11 August

  • Just Dial rises 5% as Nomura ups target, expects EPS CAGR of 19% over FY17-20

    17 November, 2017 6:29 AM 22

    Just Dial shares rallied 5.5 percent intraday Friday as Nomura has maintained its buy rating on the stock with increased target price at Rs 635 from Rs 590 per share. Improved traffic growth trends, stable realisations and operational efficiencies are key positives, it feels. Nomura said the company has now renewed focus on its core search business

  • USFDA gives final approval to Cipla's anti-asthma product

    17 November, 2017 6:07 AM 25

    Drug major Cipla today said it has received final approval from the US health regulator for a suspension product used for treatment of asthma. In a BSE filing today, Cipla said "it has received final approval for its abbreviated new drug application (ANDA) for Budesonide Inhalation Suspension, 0.25mg/2mL, 0.5mg/2mL, and 1mg/2mL from the United States

  • Buy Sobha, PNB, Can Fin Homes: Ashwani Gujral

    17 November, 2017 5:55 AM 25

    Ashwani Gujral of is of the view that one may buy Sobha, Can Fin Homes and Punjab National Bank. Ashwani Gujral of told CNBC-TV18, "Sobha is a buy with a stoploss of Rs 525 target of Rs 550. Punjab National Bank (PNB) is a buy with a stoploss of Rs 193, target of Rs 208. Can Fin Homes is a buy with a stoploss of Rs 460, target

  • HDFC Standard Life Insurance debuts with 8% premium at Rs 313 per share

    17 November, 2017 4:36 AM 27

    HDFC Standard Life Insurance Company shares listed with 8 percent premium on the National Stock Exchange, driven by positive market conditions and good subscription. The share price opened at Rs 313 per share against issue price of Rs 290. This is the third life insurance company getting listed on exchanges, after ICICI Prudential Life and SBI Life. The public

  • Bank of Baroda surges 5% on fund raising plan of Rs 6000cr

    17 November, 2017 4:35 AM 30

    Share price of Bank of Baroda surged 5 percent intraday Friday as the company is planning to raise Rs 6000 crore. The meeting of the designated board committee i.e. Finance Committee of the board will be held on November 21, 2017 to consider and approve raising of equity fund, as per company release. The equity fund can be raised through qualified institutions