My Application Form Status

Check the status of your application form with Angel Broking.
Arq - The Hyper Intelligent Investment Engine By Angel Broking
Bayer to acquire Monsanto in all cash transaction

Bayer to acquire Monsanto in all cash transaction

Sep 14,2016

Monsanto India announced that Bayer and Monsanto signed definitive agreement under which Bayer will acquire Monsanto for USD 128 per share in an all cash transaction.

Powered by Capital Market - Live News

Subex wins 5 year multi-million dollar framework contract
May 03,2017

Subex announced that it has successfully been awarded a 5 year multi million dollar framework contract with BT, following on from its existing contract with the communications provider.

In common with previous contract, the new framework contract will cover the on-going provision of Subexs ROC portfolio software solutions, applications/ operations support, and managed services. These are delivered across BTs Domestic and International Interconnect Billing & Settlements, Revenue Assurance and Event Integrity domains.

Powered by Capital Market - Live News

Thomas Cook (India) provides update of subsidiary - Travel Corporation (India)
May 03,2017

Thomas Cook (India) has received letter from Travel Corporation (India), wholly owned subsidiary of the Company, intimating that they have entered into Joint Venture Agreement with DER Touristik Group to form a Joint Venture Company TCI Go Vacation India to be operational from Delhi NCR.

Powered by Capital Market - Live News

PTC India announces appointment of director
May 03,2017

PTC India announced that K. S. Nagnyal, (DIN-06857451) has been appointed as Nominee Director of LIC of India (LIC) on the Board of PTC India w.e.f 29 April 2017.

Powered by Capital Market - Live News

Artson Engineering advances after reporting strong Q4 earnings
May 03,2017

The result was announced after market hours yesterday, 2 May 2017.

Meanwhile, the S&P BSE Sensex was down 5.55 points, or 0.02% at 29,915.63. The S&P BSE Small-cap index was up 23.51 points, 0.15% at 15,444.31.

On the BSE, 1.03 lakh shares were traded on the counter so far as against the average daily volumes of 9,076 shares in the past one quarter. The stock had hit a high of Rs 53.55 and a low of Rs 52.50 so far during the day.

The stock had hit a 52-week high of Rs 62 on 24 October 2016 and a 52-week low of Rs 38 on 12 August 2016. The stock had outperformed the market over the past one month till 2 May 2017, advancing 7.37% compared with the Sensexs 1.02% rise. The scrip had also outperformed the market over the past one quarter advancing 11.23% as against the Sensexs 6% rise.

The small-cap company has equity capital of Rs 3.69 crore. Face value per share is Rs 1.

Artson Engineerings board of directors at its meeting held yesterday, 2 May 2017, approved the increase in the borrowing powers of the company from Rs 75 crore to 125 crore, subject to approval of the shareholders at the ensuing annual general meeting.

Board also approved the closure of the companys manufacturing unit located at Asanbani Jamshedpur, Jharkhand.

Artson Engineering is a project engineering company. It offers multi-disciplinary design and construction services in the mechanical, civil, electrical and instrumentation fields. It offers turnkey services in petroleum storage and handling systems, plant utilities, diesel power houses, CPP, energy conservation, waste-heat recovery and noise pollution control systems.

Powered by Capital Market - Live News

Oil India reverses early gains in volatile trade
May 03,2017

The announcement was made after market hours yesterday, 2 May 2017.

Meanwhile, the S&P BSE Sensex was down 16.96 points, or 0.06%, to 29,904.22.

On BSE, so far 17,000 shares were traded in the counter, compared with average daily volume of 49,543 shares in the past one quarter. The stock was off days high. The stock hit a high of Rs 333.65 and a low of Rs 328.05 so far during the day. The stock hit a 52-week high of Rs 367.43 on 11 January 2017. The stock hit a 52-week low of Rs 239.81 on 5 May 2016.

The large-cap company has equity capital of Rs 801.51 crore. Face value per share is Rs 10.

Oil India through its exploratory efforts has made two hydrocarbon discoveries in the Moran Petroleum Mining Lease (PML) in the Upper Assam basin in the month of April 2017 in the wells Borbhuibil-1 and Lakwagaon-1. The feasibility of bringing the discovery on production at the well Borbhuibil-1 at the earliest is under study. The Lakwagaon-1 well is currently on production. The discoveries have opened up avenue for further exploration of already identified leads / prospects in the area, Oil India said.

Oil Indias net profit rose 18.82% to Rs 454.69 crore on 7.1% rise in net sales to Rs 2376.37 crore in Q3 December 2016 over Q3 December 2015.

Oil India is a premier oil company engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. The company also provides various E&P related services and holds 26% equity in Numaligarh Refinery.

The Government of India held 66.6% stake in Oil India as per the shareholding pattern as on 31 March 2017.

Powered by Capital Market - Live News

Domestic Manufacturing to be Given Preference in Public Procurement
May 03,2017

Visa restrictions need not be detrimental to India, said Cabinet Secretary, Mr Pradeep K Sinha.

A constructive engagement where both the Central and the State government work in tandem and engage with industry to take the reform agenda forward is critical to reduce Cost of Doing Business and take the economy to the higher growth trajectory. Mr Sinha dispelled apprehensions about the globalisation process turning restrictive due to inward looking policies of the advanced countries. While visa restrictions and curbs on people movement is a worry, this cannot be construed as a reversal of globalisation as the trade of goods is not impacted. He felt that as far as visa restrictions are concerned, our domestic economy has the absorptive capacity to tackle the situation.

Mr Sinha mentioned the reforms process being undertaken to develop a conducive ecosystem for attracting business. These include creating a simplified business climate especially in terms of starting, operating and exiting a business, ease of doing business reforms, operation of Single Window through portals such as SWIFT, direct delivery through ports, simplification of construction permits and electricity connection, among others. The implementation of the landmark GST reform and the Insolvency and Bankruptcy Code would help business operations. A focus on infrastructure development is another area of priority for the government. The keen participation of States Government in taking the reforms agenda forward is crucial for success, maintained Mr Sinha.

Powered by Capital Market - Live News

TCS moves up after winning client
May 03,2017

The announcement was made after market hours yesterday, 2 May 2017.

Meanwhile, the S&P BSE Sensex was up 21.35 points or 0.07% at 29,942.53.

On the BSE, 39,754 shares were traded on the counter so far as against the average daily volumes of 97,192 shares in the past one quarter. The stock had hit a high of Rs 2,324.80 and a low of Rs 2,271.45 so far during the day.

The stock had hit a 52-week high of Rs 2,740 on 16 August 2016 and a 52-week low of Rs 2054.70 on 15 November 2016. It had underperformed the market over the past one month till 2 May 2017, sliding 5.72% compared with the Sensexs 1.02% gains. The scrip had also underperformed the market over the past one quarter, advancing 3.91% as against the Sensexs 6% rise.

The large-cap company has equity capital of Rs 197.04 crore. Face value per share is Rs 1.

TCS said that it has been selected by one of Europes largest utilities companies - Vattenfall- to provide IT services across multiple European operations including Swedan, Germany and the Netherlands.

The managed services agreement is a multi-year partnership in which TCS will be responsible for the development and maintenance of a large number of applications.

Vattenfall AB is a Swedish, integrated energy company that supplies a broad range of energy services spanning from sales and heat to distribution and generation.

TCS consolidated net profit fell 2.81% to Rs 6622 crore on 0.31% decline in net sales to Rs 29642 crore in Q4 March 2017 over Q3 December 2016.

TCS is an IT services, consulting and business solutions organization.

Powered by Capital Market - Live News

Steel Strips Wheels gains after securing order
May 03,2017

The announcement was made during market hours today, 3 May 2017.

Meanwhile, the S&P BSE Sensex was up 21.35 points, or 0.07% at 29,942.53. The S&P BSE Small-cap index was up 45.08 points, 0.29% at 15,465.88.

On the BSE, 2,324 shares were traded on the counter so far as against the average daily volumes of 4,419 shares in the past one quarter. The stock had hit a high of Rs 929 and a low of Rs 891 so far during the day.

The stock had hit a record high of Rs 952.90 on 24 April 2017 and a 52-week low of Rs 379.25 on 30 May 2016. The stock had outperformed the market over the past one month till 2 May 2017, advancing 8.69% compared with the Sensexs 1.02% rise. The scrip had also outperformed the market over the past one quarter advancing 29.81% as against the Sensexs 6% rise.

The small-cap company has equity capital of Rs 15.53 crore. Face value per share is Rs 10.

Steel Strips Wheels (SSWL) said it bagged yet another exports order for supply of steel wheels for EU caravan market. Total order covers supplies of approximately 19,000 wheels, with mix of 13-inch and 14-inch steel wheels, in a period of 3 months. Wheels will be shipped from SSWLs Chennai plant beginning this month. This repeat order strengthens SSWLs position as a strong player in caravan wheels market in Europe region.

Steel Strips Wheels net profit fell 11.8% to Rs 13.68 crore on 19.2% increase in net sales to Rs 335.17 crore in Q3 December 2016 over Q3 December 2015.

Steel Strips Wheels designs and manufactures automotive steel wheels and is among the leading supplier to Indian and global automobile manufacturers.

Powered by Capital Market - Live News

Siddha Ventures to hold board meeting
May 03,2017

Siddha Ventures will hold a meeting of the Board of Directors of the Company on 7 May 2017.

Powered by Capital Market - Live News

Pioneer Distilleries to hold board meeting
May 03,2017

Pioneer Distilleries will hold a meeting of the Board of Directors of the Company on 10 May 2017, to consider the audited financial results of the Company.

Powered by Capital Market - Live News

Moodys Liquidity-Stress Index down again in April; liquidity checks defaults among spec-grade companies
May 03,2017

Moodys Liquidity-Stress Index (LSI) dipped to its lowest level since July 2015 last month, the rating agency says in its most recent edition of SGL Monitor Flash. The index declined to 4.9% in April from 5.3% in March, with liquidity conditions remaining fundamentally supportive for issuers across the speculative-grade rating spectrum.

Moodys Liquidity-Stress Index falls when corporate liquidity appears to improve and rises when it appears to weaken.

Speculative-grade liquidity continues to keep defaults in check, with a growing economy boosting profits and a lack of meaningful maturity and covenant concerns over the next year, said Senior Vice President John Puchalla. Speculative-grade bond and loan issuance slowed in April, but remained at levels healthy enough to give most companies the flexibility to resolve liquidity issues.

Last month, upgrades of Moodys speculative-grade liquidity (SGL) ratings continued to outnumber downgrades by nine to four, Puchalla says. SGL rating movements were dispersed across industries, with just one energy firm upgraded: Exploration and production company SM Energy Co.s liquidity rating was raised to SGL-1 following asset sales and a shift in spending that should lower its break-even costs.

Also in April, the SGL rating of Hospital operator Quorum Health Corp. was upgraded on the back of a covenant amendment and planned divestitures, while electronic component supplier KEMET Corp. saw its rating raised upon issuance of a new term loan and the refinancing of senior notes due 2018. Conversely, the SGL rating of apparel company Vince LLC was downgraded to SGL-4 on weak operating performance that will pressure its covenant compliance over the next 12 to 18 months.

Moodys forecasts that the US speculative-grade default rate will decline to 3.0% in March 2018 from a 4.7% level today that matches the long-term average.

Powered by Capital Market - Live News

Bajaj Auto trims gains after declaring monthly sales
May 03,2017

The announcement was made during market hours today, 3 May 2017.

Meanwhile, the S&P BSE Sensex was up 16.77 points or 0.06% at 29,937.95

On the BSE, 11,000 shares were traded on the counter so far as against the average daily volumes of 21,170 shares in the past one quarter. The stock had hit a high of Rs 2,945.40 and a low of Rs 2,904.95 so far during the day. The stock had hit a record high of Rs 3,122 on 9 September 2016 and a 52-week low of Rs 2,366 on 24 May 2016.

The large-cap company has equity capital of Rs 289.37 crore. Face value per share is Rs 10.

Bajaj Auto reported 0.09% fall in total sales to 3.29 lakh units in April 2017 over April 2016. Domestic sales declined 21% to 1.77 lakh units in April 2017 over April 2016. Exports surged 46% to 1.51 lakh units in April 2017 over April 2016.

On a consolidated basis, Bajaj Autos net profit fell 5.3% to Rs 976.82 crore on 8.6% decline in net sales to Rs 4975.56 crore in Q3 December 2016 over Q3 December 2015.

Bajaj Auto is one of the leading two-and three-wheeler manufacturers in India.

Powered by Capital Market - Live News

Banks Governance Standards to Strengthen on RBIs NPL Guidelines
May 03,2017

The Reserve Bank of India (RBI) has asked banks to make disclosures pertaining to divergence in the asset classification and provisioning a step towards improving governance and smoothening transition to IFRS9 (IND AS 109) says India Ratings and Research (Ind-Ra). The additional disclosure requirements for banks would compel banks to tighten their internal non-performing loans (NPLs) recognition and provisioning norms, thereby improving the overall quality of disclosures and provide a platform for more uniform recognition of stressed assets as non-performing across different banks.

Ind-Ra believes the journey towards enhanced governance structure started last year with the clean-up exercise by the RBI in the form of the Asset Quality Review (AQR), where a significant proportion of the unrecognized stressed assets in the system got reclassified which led to a sharp jump in NPLs. Also, in some way, the quantum of divergence would highlight the level of banks proactive governance initiatives and effectively enhances the importance of RBIs assessment from being descriptive to prescriptive. The disclosure norms for divergences enhances the accountability on the banks part to be compliant with the norms. Any sharp divergence is likely to be questioned by the stakeholders.

The requirement for boards of banks to proactively assess risks across sectors and make provisions above the minimum regulatory standards, starting with the telecom sector are intended to strengthen the banks balance sheet for possible shocks on account of deterioration in asset quality. These provisions are also in-line with the migration to IFRS -9 (IND AS 109). This migration is slated to take place from the next year, but the proforma numbers will be released from June 2017 quarter onwards. The new accounting standards would require provisioning based on expected loss replacing the current incurred loss provision.

The blanket higher provisioning however generally seems to have been prescribed for meeting a larger objective and is not necessarily limited to credit risk. The RBI has prescribed higher risk weights for telecom, real estate lending, unhedged foreign exposure, capital market exposure among others. The provisioning enhancement on sectoral exposures in anticipation of credit losses may bring in subjectivity and may achieve the objective only partially. However, Ind-Ra notes that the notification is more in the nature of an advisory for the board and put the onus on them to be cautious and pro-active in terms of identifying the risk that could be building up in specific sectors, especially considering that there may be few large exposures residing and any slippage can impact the banks buffer materially.

Powered by Capital Market - Live News

TVS Motor revs up after good monthly sales
May 03,2017

The announcement was made after market hours yesterday, 2 May 2017.

Meanwhile, the S&P BSE Sensex was up 35.21 points, or 0.12%, to 29,956.39

On the BSE, so far 31,000 shares were traded in the counter, compared with average daily volumes of 1.07 lakh shares in the past one quarter. The stock had hit a high of Rs 505.60 and a low of Rs 498.80 so far during the day. The stock hit a record high of Rs 518.95 on 27 April 2017. The stock hit a 52-week low of Rs 277.95 on 4 May 2016.

The large-cap company has equity capital of Rs 47.51 crore. Face value per share is Re 1.

TVS Motor Companys total two-wheeler sales rose 8.4% to 2.41 lakh units in April 2017 over April 2016. Scooters sales rose 28.6% to 81,443 units in April 2017 over April 2016. Motorcycles sales grew 10.4% to 99,890 units in April 2017 over April 2016.

Three-wheeler sales increased 11.7% to 5,303 units April 2017 over April 2016.

Total exports surged 41.9% to 40,221 units in April 2017 over April 2016.

TVS Motor Companys net profit fell 6.81% to Rs 126.77 crore on 2.53% growth in total income to Rs 2907.70 crore in Q3 December 2016 over Q3 December 2015.

TVS Motor Company is a leading two and three-wheeler manufacturer.

Powered by Capital Market - Live News

Kitex Garments recovers after announcing further investment in US unit
May 03,2017

The announcement was made after market hours yesterday, 2 May 2017.

Meanwhile, the S&P BSE Sensex was up 40.39 points, or 0.13% to 29,961.57. The S&P BSE Small-Cap index was up 68.47 points, or 0.44% to 15,489.27.

On the BSE, 16,000 shares were traded in the counter so far, compared with average daily volumes of 25,848 shares in the past one quarter. The stock had hit a high of Rs 427.25 and a low of Rs 415.50 so far during the day. The stock hit a 52-week high of Rs 543.20 on 4 July 2016. The stock hit a 52-week low of Rs 354 on 22 November 2016.

The small-cap company has equity capital of Rs 4.75 crore. Face value per share is Re 1.

Kitex Garments announced that the board of directors at a meeting held on 28 April 2017 has approved further investment upto $1.5 million in the capital of Kitex USA LLC for the year ending 31 March 2018 (FY 2018).

Kitex Garments net profit declined 39.87% to Rs 27 crore on 9.14% fall in net sales to Rs 156.50 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours on Friday, 28 April 2017. Domestic stock markets remained closed on Monday, 1 May 2017, for a local holiday. On the same day, Kitex Garments board of directors approved issue of 2:5 bonus shares (2 bonus shares for every 5 held). Shares of Kitex Garments had tumbled 18.15% to settle at Rs 409.75 yesterday, 2 May 2017.

Kitex Garments is a producer of childrens apparel.

Powered by Capital Market - Live News