The company has entered into a definitive agreement with Karma Industries to buy the latter?s compact fluorescent lamp manufacturing business.
Q3 consolidated net profit at Rs 3,552 crore against analysts estimates of Rs 3,433 crore.
The stock has rallied 9% on back of heavy volumes on reports that Qatar Airways may buy stake in the low-cost carrier.
Q3 net profit at Rs 4.69 crore against Rs 2.78 crore in Q2 quarter.
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The computer hardware company will transfer its hardware solution, learning and services business into separate companies.
Total trading volumes surge over five-fold with a combined 1.07 million shares changing hands so far on the counter on the NSE and BSE.
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The board of directors will meet on January 16, 2013, to consider the buyback proposal for buyback of equity shares of the company
FIIs have increased their stake by more than one percentage points to 17.28% from 16.44% in December 2012 quarter.
The suspension order comes after the company failed to respond to notice for non-compliance of listing agreement
Dutch US Holding B.V. has made an open offer to acquire additional 26% stake at price of Rs 43 per share.
The company has registered 350% yoy jump in gross refining margins at $ 9.75/bbl in December 2012 quarter as against $ 3.82/bbl in year ago quarter.
The company has selected Jacobs Engineering Group Inc for engineering and procurement services at Jamnagar complex.
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Global sales in Dec 2012 declined by 13.88% to 98,968 units vs 114,920 units in Dec 2011.
The company is in advanced stage of talks with overseas investors for technology and financial joint venture for its new plant.
Pfizer Inc is among other companies in race to buy the company¿s injectable-medicines unit Agila Specialties.
Q3 EBITDA margin declined to 20.1% from 21% in the year ago quarter.
Q3 consolidated net profit at Rs 965 crore against an average analysts estimates of Rs 841 crore.