KEC share price surged almost 5 per cent intraday on Wednesday (29th June 2016) on BSE. On the broader market, the management of KEC expects flat orders of Rs 22,000-25,000 crore per annum from the Power Grid Corporation of India over the Financial Years 2017-2018. Also, an increase in activity from State Electricity Boards (SEBs) may lead to an order inflow growth for KEC. The management further expects orders from international markets to flow in, especially from Far
Drug major Dr Reddys Laboratories said that it has bought back nearly 51 lac shares for Rs 1,569.41 cr as part of a 'share buyback' offer launched earlier this year. Dr Reddy share price opened at Rs.3,299 on NSE today. The intraday high stood at Rs.3,321.95 while intraday low was recorded to be Rs.3,259.30. The company has bought back a total of 50,77,504 equity shares at an average price of Rs.3,090.92 per share. The company has therefore deployed Rs.1,569.41 cr against the maximum buyback size, said Dr Reddy's L
The temperature controlled supply chain vertical of Gati Limited, Gati Kausar, launched its first temperature controlled warehousing facility near Delhi, on NH 8. Gati is an industry leader in express distribution and supply chain management. This state-of-art facility which is developed with superior technology and high-quality design elements complies with ISO 22000 standards.The warehouse is spread over 4 acres and at present has the capacity of over 5,000 pallets. Its multiple chambers cater
After the Oil regulator had granted the permission to set up operations of Gas distribution in Ahmadabad, Gujarat Gas Share Prices went up by 10%. In its filing On June 27, 2016, the company made the statement that Gujarat Gas has accepted the authorization from PNGRB for laying, operating, building or expanding local or city Natural Gas Distribution Network for Ahmadabad in Gujarat. This permission excludes the area that has already been authorized. Gujarat Gas has been granted exclusivi
Panacea Biotec shares are sealed at 10% upper circuit at Rs. 127.25 on Tuesday, 28th June after their launch of Tenepan an economical product for the treatment of Type 2 Diabetes Mellitus. At around 13:11 hours IST there were no sellers available at Bombay Stock Exchange while there were pending buy orders of 57.207 shares. India's third largest biotechnology company, Panacea Biotech formulates a superior quality ant diabetic drug, TENEPAN which would cure Type 2 Diabetes
Tata Motors share price rose for the first time in four days. Indian stocks advanced to a one-week as global equities rose amid optimism that policy makers shall step in boost investor confidence. < br/>NTPC Ltd., the biggest power producer, rose the most in two weeks. Larsen & Toubro, the largest engineering company, advanced for a 3rd day. DLF jumped the most in 4 months after its Chairman brought the property developer's shares. < br/>A measure of global e
DLF share price surges almost 10 per cent intraday to make a make a new 52 week high of Rs 146.40. This is the result of the media report that suggested possible capital infusion by promoter to make the company debt free. The media report suggested that Billionaire KP Singh and his family have decided to wipe out the debt of DLF in a two-step transaction.They are willing to pump around 10000 crore INR into India's largest real estate developer by purchasing shares in a preferential issue with funds raised from
Formerly known as Sobha Developers, Sobha Limited is an India based multinational real estate developer headquartered in Bangalore. Since its establishment, they have completed around 102 real estate projects and 262 contractual projects. The Sobha share price is currently trading at Rs. 322.55 (up by 4.27%). On Wednesday, June 29th, Sobha has planned to launch its first luxury apartment project,Sobha City in Delhi-NCR, 2016. This largest group housing project in Gurgao
A brokerage house believes that HDFC bank could grow because of the investments it has made in branches and employees over last two years. To its branch, it has made an investment of 33% and 28% to the employee base. Also, it has been aggressive on the corporate front. All of these can result in the sharp growth of the bank. When compared to the last fiscal year, bank's current and savings accounts have continuously grown at 20%, even when the bank is paying 4% in comparison to peers 6%. A report says that the bank might be offering
Reliance owns the world's biggest refining complex. The company reported a drop of 13.2% in import of oil in May in comparison to last year. It has shut a crude unit for three weeks at 580,000 barrels per day. Reliance has diversified and shifts purchases for optimizing its revenue. The company bought 1.15 million barrels per day last month which shows a decline of 4.5% from April. Last month Iran supplied oil and condensate about 98,700 barrels
