Tag Archives: Surges

Mandhana Industries Surges 62% in 3 Days. Salman Khan Connection Helps

Mandhana Industries shares surged as much as 20 per cent to its maximum intraday limit of Rs. 41.55 on Thursday, extending its rally to third straight day. Including today’s gains the stocks has surged 62 per cent in last three trading sessions. The gains in the shares of Mandhana Industries follow a block deal on Tuesday and listing of the ... Read More »

Samsung’s Profit Surges to 2-Year High on Galaxy Phone Sales

Samsung Electronics Co. reported Thursday forecast-beating earnings results that were the best in two years as consumers snapped up its Galaxy smartphones, in a sign the company is getting its mojo back while rivals fail to deliver new smartphones. The South Korean company forecast that its performance will continue to be “solid” during the rest of the year because demand ... Read More »

Shriram EPC Surges 16% On Plan to Convert Debt Into Equity

Shriram EPC approved plan to convert working capital loan into equity shares (Representational image) Shares of Shriram EPC surged as much as 16 per cent to Rs 29.60 today after the company’s board approved the conversion of Rs 1,280 crore working capital loan into equity shares as part of corporate debt restructuring package. The board of the Chennai-based firm, which ... Read More »

Greaves Cotton Surges On Foray Into Spare Parts Business

Shares of engineering firm Greaves Cotton jumped as much as 8 per cent to hit intraday high of Rs 149 after the company announced foray into multi-brand spare parts business. Greaves Cotton is into the business of manufacturing of petrol/diesel engines, farm equipment and gensets. The company said the size of the spare part market that it wants to address ... Read More »