DHFL stock up on Stake Sale Plan

Shares of the leading housing finance company Dewan Housing Finance Corporation Ltd (DHFL) surged on Monday over 7 percent intraday on reports that the company is planning to sell 10% stake to Baring India, Hero Fincorp and Bain Capital for Read more

Eicher Motors Speeds higher after robust results

Share price of Eicher Motors Limited quickly move higher by over 1.4 percent intraday on Tuesday after the company on Monday announced strong results for the quarter ended Dec 2018. The Auto company reported a 2.4% increase in consolidated net Read more

Earning boosts PNB, Stock shines

India’s second-largest state-owned bank Punjab National bank (PNB) reported a 7 percent year-on-year growth in net profit for the third quarter ended December 2018, led by fall in provisions. The prominent bank has posted net profit of Rs.246.51 crores as against net loss of Read more

Ashok Leyland completes stake acquisition, Stock Up

Ashok Leyland Limited has completed acquisition of stake in Ashley Aviation Limited, which was earlier announced by the company on 2-January 2019.  Accordingly, the company has acquired 4,50,005 shares of Rs10 apiece constituting 11.25 percent in the paid-up share capital Read more

Coal India Up On Proposal Of Share Buyback

Indian state-controlled coal mining company Coal India Limited has said, it will consider a share-buyback proposal in its meeting scheduled on next Monday. The buyback constitutes the fully-paid equity shares of the company having a face value of Rs10 each. As Read more

Indigo Climbs higher after results

India’s low-cost airline carrier, Interglobe Aviation Limited (Indigo) reported financial reports on Wednesday, after market hours.  With regard to its earnings report, Indigo’s net profit fell about 75% to Rs 190.89 crore on 28.4% rise in total income to Rs Read more