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11:18 AM

Pharma shares gain; Sun Pharma hits seven-month high

 

Shares of pharmaceutical companies were in focus with most of the frontline stocks trading higher in the range of 2% to 8% on BSE.

 

Sun Pharmaceutical Industries, Wockhadrt, Biocon, Ipca Laboratories, Glenmark Pharmaceuticals, Lupin and Cadila Healthcare were up more than 2% on the National Stock Exchange (NSE). READ MORE

10:59 AM

Goa Carbon hits the roof after turnaround Q3 result

 

Goa Carbon was locked in 5% upper circuit at Rs 1,061.05 on BSE after the company reported net profit of Rs 22.50 crore in Q3 December 2017 as compared to net loss of Rs 0.93 crore in Q3 December 2016.

10:46 AM

Flows into India's equity mutual funds nearly treble throughout 2017

 

Money was pouring in for India's equity mutual funds (MFs) through 2017. Domestic investors pumped in Rs 1.5 trillion in equity-related MF schemes during the year, making it the best in the sector's history.

 

Large-scale participation from small investors, with systematic investments reaching Rs 60 billion a month, not only helped fund managers counter the selling by foreign investors in stock markets. But it also underlined that domestic investors were clearly shifting from physical assets to financial savings. READ MORE

10:20 AM

How rising oil prices impact govt and aviation industry

 

There have been concerns over rising crude oil prices putting pressure on the Budget, but more worrying could be an impact on industry, especially aviation, since its cost of operations is steadily going up. The benchmark Indian crude oil basket crossed $66 a barrel last week.

 

Aviation turbine fuel is at a three-year high of Rs 57,349 a kilolitre, while the diesel price is at an all-time high of Rs 60.12 a litre (both for Delhi). With little fiscal room available for the government to manoeuvre on duties, the days of high-fuel cost are threatening to be back again. READ MORE

10:05 AM

Sobha hits fresh 52-week high post Q3 operational update

 

Sobha surged 14% to Rs 687, also its fresh 52-week high on BSE in early morning trade, after real estate firm reported 92% jump in sales bookings to Rs 751 crore during the quarter ended December 2017 (Q3FY18) on higher volumes and better average realisation. It had sold properties worth Rs 391 crore in the year ago period.

 

Sobha sold 933,365 sq ft (square feet) area during the third quarter, up 52% from 6,13,652 sq ft in the same period last fiscal, the company said in Q3 operational update.

 

The average price realisation increased to Rs 8,045 per sq ft from Rs 6,369 per sq ft during the period under review, it added.

9:52 AM

Dream Gateway Hotels to take IPO route to expand Kolkata Holiday Inn

 

Dream Gateway Hotels Ltd, an arm of Kolkata-based real estate developer Jain Group, is planning to dilute 25 per cent stake with its maiden IPO on BSE's small and medium enterprise platform by March 2018.

 

The company operates the Holiday Inn hotel in Kolkata under a management contract with Intercontinental Hotels Group.

 

"We are at an advanced stage of launching an IPO and the issue will be completed over the next two months," Dream Gateway director Rishi Jain told PTI. READ MORE