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Ashok Leyland, Shakti Pumps, Zydus Wellness, Jubilant Life hit 52-week high
Posted on 8th February 2018
Ashok Leyland, Shakti Pumps, Zyndus Wellness, Excel Industries, FDC, Jubilant Life Sciences, Polaris Consulting & Services, Hinduja Global Solutions and Inox Leisure have hit their respective 52-week highs on BSE on Thursday.

These stocks have trading higher by up to 19% today, extending their gain after reported a strong set of numbers for the quarter ended December 2017 (Q3FY18).

Excel Industries soared 19% to Rs 888 after specialty chemicals company reported a more than16-fold jump in net profit at Rs 196 million for Q3FY18. It had profit of Rs 12 million in year ago quarter.

Operational revenue grew 47% to Rs 1,468 million from Rs 998 million in previous year quarter.

Shares of packaged foods company Zydus Wellness surged 14% to Rs 1,197 after the company posted 44% year on year (YoY) growth in its consolidated net profit at Rs 361 million. Revenue from operations grew 22% at Rs 680 million on YoY basis.

Shakti Pumps (India) rallied 10% to Rs 615, extending its past four days 7% gain, after Portfolio Management Schemes of Old Bridge Capital Management on February 1, 2018 bought 81,434 shares representing 0.43% stake of the company through open market.

Post acquisition, total holding of Portfolio Management Schemes of Old Bridge Capital Management in Shakti Pumps increased to 5.3% from 4.87% earlier.

Ashok Leyland hit a new high of Rs 137, up 2%, extending its three days 9% surge, after the company reported more than doubled net profit at Rs 4.5 billion in Q3FY18 against Rs 1.62 billion in the same quarter year ago.

Commercial vehicle major Ashok Leyland unveiled its first electric bus, Circuit-S, with the swappable battery technology of Sun Mobility, at the AutoExpo 2018 on Wednesday, the Business Standard reported.

FDC hits a 52-week high of Rs 280, up 10% on BSE in early morning trade, extending its previous days 6% surge, after the company said that its board has approved the buyback proposal at a price of Rs 350 per equity share through tender offer.

“The board approved the buyback of 3.43 million equity shares of the Company at a price of Rs 350 per equity share for an aggregate amount not exceeding Rs 1,200 million from the equity shareholders of the Company on a proportionate basis through the "Tender Offer" route,” FDC said in a regulatory filing.

Related Companies: Ashok Leyland Limited   

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Tata Motors eyes tie-ups with Ola, Uber with new shared mobility platform
Posted on 17th October 2018
New Delhi: Tata Motors Ltd has created a separate division to explore ways to tap its entire range of passenger and commercial vehicles for offering shared mobility solutions, said two people aware of the development. Named Mobility Innovations Hub, the new department is headed by Pankaj Jhunja, formerly with Tata Technologies, said the people cited above, who did not want to be named.

Sensex jumps 267 points on strong earnings and global cues
Posted on 17th October 2018
The equity benchmark Sensex rallied for the fourth straight session Wednesday, and jumped 267 points, on encouraging second quarter earnings by tech major Infosys and positive global cues.

The 30- share Sensex soared 267.26 points, or 0.76 per cent, to 35,429.74. It had rallied 1,161 points in the previous three sessions.


RIL pips TCS again to become India’s most valued firm; Mukesh Ambani-led firm’s rise so far
Posted on 17th October 2018
Billionaire Mukesh Ambani-controlled Reliance Industries Ltd (RIL) on Tuesday pipped the information technology (IT) giant Tata Consultancy Services (TCS) to become the country’s most valued firm by market capitalisation. As per Tuesday’s close, Reliance Industries’ market capitalisation was recorded at Rs 7,37,576.57 crore on the Bombay Stock Exchange (BSE), up Rs 1,471.26 crore from that of Tata Consultancy’s market capitalisation of 7,36,105.31 crore on Tuesday, data available with the stock exchanged showed.

Amazon invests $10mn to support US recycling infrastructure
Posted on 17th October 2018
Amazon on Tuesday announced a new investment of $10 million in Closed Loop Fund (CLF) to support recycling infrastructure in the US aimed at cutting the amount of waste treated at landfills.

Amazon said its investment will increase the availability of curbside recycling for three million homes in communities across the country, making it easier for customers to recycle and further develop end markets for recycled commodities, Xinhua reported.


Severe air quality may prompt Delhi govt to bring back odd-even scheme soon
Posted on 7th October 2018
With the city rolling out Graded Response Action Plan (GRAP) to battle deteriorating air quality, the odd scheme may make a comeback if it plummets to 'very poor' or 'severe' category. The Delhi government and the Supreme Court empowered Environment Pollution Control Authority (EPCA) are mulling this and banning of construction activity as future measures if the air continues to worsen.

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