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Surya Industrial Corporation to hold AGM

Surya Industrial Corporation to hold AGM

Sep 14,2016

Surya Industrial Corporation announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Jindal Stainless advances after turnaround in Q4
May 15,2017

The result was announced after market hours on Friday, 12 May 2017.

Meanwhile, the S&P BSE Sensex was up 120.72 points, or 0.4% at 30,308.87. The S&P BSE Mid-cap index was up 140.82 points, 0.95% at 14,995.27.

On the BSE, 2.40 lakh shares were traded on the counter so far as against the average daily volumes of 3.47 lakh shares in the past one quarter. The stock had hit a high of Rs 83.45 and a low of Rs 80.55 so far during the day.

The stock had hit a 52-week high of Rs 84 on 10 April 2017 and a 52-week low of Rs 14.20 on 2 June 2016. The stock had underperformed the market over the past one month till 12 May 2017, sliding 0.32% compared with the Sensexs 1.84% rise. The scrip had, however, outperformed the market over the past one quarter advancing 52.13% as against the Sensexs 6.54% rise.

The mid-cap company has equity capital of Rs 79.89 crore. Face value per share is Rs 2.

Jindal Stainless net sales rose 23.7% to Rs 2301.39 crore in Q4 March 2017 over Q4 March 2016.

Jindal Stainless earnings before interest, tax, depreciation and amortization (EBITDA) increased by 117% to Rs 313 crore in Q4 March 2017 over Q4 March 2016.

Jindal Stainless is engaged in manufacturing of stainless steel.

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J K Cement spurts after strong Q4 results
May 15,2017

The result was announced on Saturday, 13 May 2017.

Meanwhile, the S&P BSE Sensex was up 134.33 points, or 0.44% to 30,322.48.

On the BSE, 33,000 shares were traded in the counter so far, compared with average daily volumes of 9,197 shares in the past one quarter. The stock had hit a high of Rs 1,194.20 so far during the day, which is also a record high for the counter. The stock had hit a low of Rs 1,100 so far during the day. The stock hit a 52-week low of Rs 573.75 on 2 June 2016.

The stock had outperformed the market over the past one month till 12 May 2017, rising 14.72% compared with 2.47% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 28.45% as against Sensexs 6.54% rise.

The mid-cap company has equity capital of Rs 69.93 crore. Face value per share is Rs 10.

J K Cements net profit rose 151.21% to Rs 259.58 crore on 5.18% rise in net sales to Rs 3703.55 crore in the year ended March 2017 over the year ended March 2016.

Meanwhile, the company said that its board decided to raise upto Rs 500 crore by issuing secured/irredeemable non-convertible debentures in one of more series/tranches on private placement basis at an interest rate that will be determined by the prevailing money market conditions at the time of borrowing subject to the approval of the shareholders.

The board also decided to expand the wall putty production capacity from existing 2 lakh MT per annum to 4 lakh MT per annum at J K White, Katni.

Further, the board took note of increase in clinker production capacity by 3.30 lakh tons per annum in Rajasthan grey cement plants by cooler modification and de-bottlenecking/up-gradations with the total cost of approximately Rs 50 crore. With this the overall grey cement clinker capacity of Rajasthan plants stands increase to 54.45 lakh tons per annum.

J K Cement has over four decades of experience in cement manufacturing.

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Meyer Apparel announces resignation of director
May 15,2017

Meyer Apparel announced the resignation of Ajay Srivastava, Vice Chairman and Non Executive Director with effect from 27 April 2017.

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Avanti Feeds to pay dividend
May 15,2017

Avanti Feeds announced that dividend Warrants will be dispatched to the Members on or before 31 August 2017.

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Historic low Tariff of Rs. 2.44 per unit discovered in Bhadla Phase-III Solar Park in auction by SECI
May 15,2017

History is created today, as the record low tariffs achieved in the auction concluded on 09.05.2017 for Bhadla Phase-IV Solar Park, Rajasthan has been broken, with even lower tariff of Rs. 2.44 per unit discovered in the auction carried out by Solar Energy Corporation of India (SECI) for 500 MW capacity in Bhadla Phase-III Solar Park, Rajasthan. The park is being set up by M/s Saurya Urja Company of Rajasthan, a joint venture between the Govt. of Rajasthan and M/s IL&FS Energy Development Company Limited. This tariff is fixed for 25 years with no escalation and the bidders have sought no VGF from the Government. The winners are M/s ACME Solar Holdings Pvt. Ltd. (200 MW) at a tariff of Rs. 2.44 per unit and M/s SBG Cleantech One Ltd. (300 MW), quoting a tariff of Rs. 2.45 per unit.

The entire solar power will be consumed in the State of Rajasthan and power sale agreement with the State Distribution Companies is already tied up. The developers are responsible to connect to the pooling sub-station of solar park. The developers will be paying solar park charges of Rs.45.2 lakh per megawatt towards land, connectivity (from pooling substation to state network) and other infrastructural facilities. The projects are likely to be completed in about 12-13 months.

The earlier lowest tariff of Rs. 2.62 per kWh, was discovered recently in the auction conducted by SECI for 250 MW Bhadla Phase-IV Solar Park in Rajasthan.

It is understood that this fall in solar tariffs is the result of combination of various factors, most important being the decision of the Government of India to cover solar power by SECI under the ambit of Tripartite Agreement for payment security against defaults by State distribution companies. Other factors contributing are about 7-8% higher yield in Rajasthan due to better solar radiation conditions, drop in module prices in International market, and strengthening of Indian rupee against US dollar.

For the present bid, the bids were submitted by 24 bidders for a capacity of 5500 MW which is 11 times of the bid capacity. Bid received overwhelming global response including developers from Finland, France, Saudi Arabia, Singapore and Japan. This became possible only due to constant endeavor at SECI to streamline the bidding process with highest level of transparency and integrity under the guidance of Ministry of New and Renewable Energy.

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Pix Transmission to pay dividend
May 15,2017

Pix Transmission announced that dividend, if declared will be paid on or before 26 October 2017.

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Board of Jyoti accepts resignation of CFO
May 15,2017

The Board of Directors of Jyoti has accepted the resignation of Jayesh Verma, Chief Financial Officer with effect from 30 June 2017.

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Board of S R G Securities Finance accepts resignation of directors
May 15,2017

S R G Securities Finance announced that the Board of Directors of the Company at its meeting held on 13 May 2017 has accepted the resignation of Bhupesh Kumar Jain from the position of Non-Executive Independent Director of the Company due to some prior commitments.

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NBCC (India) gains after good order inflow in April 2017
May 15,2017

The announcement was made after market hours on Friday, 12 May 2017.

Meanwhile, the S&P BSE Sensex was up 121.88 points, or 0.40% to 30,310.03.

On the BSE, 17,000 shares were traded in the counter so far, compared with average daily volumes of 2.58 lakh shares in the past one quarter. The stock had hit a high of Rs 196.75 and a low of Rs 194.95 so far during the day. The stock hit a record high of Rs 205.75 on 28 April 2017. The stock hit a 52-week low of Rs 117.73 on 24 June 2016.

The stock had outperformed the market over the past one month till 12 May 2017, rising 9.11% compared with 2.47% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 3.58% as against Sensexs 6.54% rise.

The large-cap company has equity capital of Rs 180 crore. Face value per share is Rs 2.

On a consolidated basis, NBCC (India)s net profit rose 15.9% to Rs 64.42 crore on 4% increase in net sales to Rs 1413.77 crore in Q3 December 2016 over Q3 December 2015.

NBCC (India) is a blue-chip Government of India (GoI) Navratna Enterprise under the Ministry of Urban Development, in construction sector. The GoI held 75% stake in the firm (as per shareholding pattern as on 22 February 2017).

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D-Link tumbles after reverse turnaround in Q4
May 15,2017

The result was announced after market hours on Friday, 12 May 2017.

Meanwhile, the S&P BSE Sensex was up 94.37 points or 0.31% at 30,282.52.

On the BSE, 1.16 lakh shares were traded on the counter so far as against the average daily volumes of 1 lakh shares in the past one quarter. The stock had hit a high of Rs 122.70 and a low of Rs 114.90 so far during the day.

The stock had hit a 52-week high of Rs 154 on 10 April 2017 and a 52-week low of Rs 75.25 on 21 September 2016. It had underperformed the market over the past one month till 12 May 2017, sliding 2.31% compared with the Sensexs 1.84% rise. The scrip had, however, outperformed the market over the past one quarter, advancing 18.68% as against the Sensexs 6.54% rise.

The small-cap company has equity capital of Rs 7.10 crore. Face value per share is Rs 2.

The companys net sales declined 17.3% to Rs 154.75 crore in Q4 March 2017 over Q3 December 2016.

D-Link (India) is engaged in the design, manufacture and marketing of advanced networking, broadband, digital, voice and data communications solutions.

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Board of Gujarat Ambuja Exports accepts resignation of JMD
May 15,2017

Gujarat Ambuja Exports announced that the Board of Directors of the company at its meeting held on 13 May 2017 has accepted the resignation of Mohit Gupta from position of Joint Managing Director and Director of the Company, due to his personal reasons with effect from 31 May 2017.

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Outcome of board meeting of Sunil Hitech Engineers
May 15,2017

Sunil Hitech Engineers announced that the Board of Directors of the Company at its meeting held on 12 May 2017 has approved the following -

Increase in authorised capital from Rs 60 crore to Rs 80 crore.

Issue of 12.40 crore convertible warrants on preferential basis to promoters and non-promoters.

To raise funds up to Rs 250 crore through rights issue, private placement, ADRs, GDRs, FCCBs.

Shifting of Registered office to 72, 7-Floor, Plot 15-A, Sagar Tarang CHS, Khan Abdul Gaffar Khan Marg, Worli Seaface, Worli Colony, Mumbai - 400 030.

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National Plastic Industries appoints director
May 15,2017

National Plastic Industries has appointed Harsh Parekh as the Additional Director of the Company with effect from 1 June 2017 at board meeting held on 13 May 2017.

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Board of National Plastic Industries appoints director
May 15,2017

National Plastic Industries announced the appointment of Harsh Parekh as the Additional Director of the Company with effect from 1 June 2017 at board meeting held on 13 May 2017.

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UJALA - UK (UK Joins Affordable LEDs for All) by Energy Efficiency Services Ltd. (EESL) in launched
May 15,2017

Worlds largest efficient lighting programme, UJALA - UK (UK Joins Affordable LEDs for All) by Energy Efficiency Services Ltd. (EESL) launched in London, United Kingdom. During the event, MoUs were signed between Indian High Commission and EESL and between the British Electrotechnical and Allied Manufacturers Association (BEAMA) and the Indian Electrical and Electronic Manufacturers Association (IEEMA) to strengthen bilateral industry cooperation and exchanges between India and the UK.

Informing about the scale at which the EESL LED programme is expanding, the Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Shri Piyush Goyal said that, the EESL LED programme in India has grown 140 times in less than 2 years and I dont think we will find any parallel to that anywhere in the world. EESL would achieve the turnover target of $1.5 million by 2019, concomitant with the Government of Indias target under the UDAY scheme and 100% rural household electrificationn++. Shri Goyal further stated that even in the Developed countries like the US and Europe, there is a great potential for incorporating energy efficiency measures like the EESL LED programme, especially looking at the climate change scenario in the present context. Indias share in the Global LED market has increased from a mere 0.1% a few years back to around 16% today, it was informed.

Talking about the potential energy savings by implementing the LED programme in India, Shri Goyal said that lighting alone consists of 15% of the total energy needs of the population across the country, especially the lower middle class families, which is about 180 billion units of energy. As India moves towards becoming a 100% LED Nation, the potential savings would be around 112 billion units, in other terms reducing carbon dioxide emissions by nearly 79 million tonnes every year. Consequently, Indias peak load will reduce by about 20 GW and our consumers will save around $6.5 billion worth in electricity bills annually, the Minister added.

Describing the strategy for scaling up the LED penetration in UK, Shri Goyal said that India was able to significantly reduce the purchase price of the LED by increasing efficiency and not giving subsidies to the consumers. The scheme has sustained itself on the savings achieved by increasing energy efficiency in the whole lifecycle of the LED bulbs. n++Government of India has fine tuned the process, brought down the costs of manufacturing and sold nearly 230 million LED bulbs whereas the private sector, in the same period, sold about 330 million LED bulbs, effectively replacing about 560 million incandescent bulbs in the last 2 years. The consumers are the direct beneficiaries by saving on electricity bills and reducing the carbon footprint on the environment for the future generations, he added.

The Minister requested the Government of UK to get EESL in touch with all the stakeholders like local distribution companies, e-commerce companies, hotels, industry, large businesses, supermarket chains etc. and replicate Indias model in the UK so as to achieve a similar kind of scale up that the programme has witnessed in India as a zero investment model. He stressed that a massive deployment of this LED programme throughout the world will go a long way in fighting climate change and make the world a better place to live in for the future generations. The Minister urged all the dignitaries present to become ambassadors of this Energy Efficiency programme for a better tomorrow.

The Minister also suggested to the Government of the UK a target of replacing at least 100 million incandescent bulbs with LEDs by March 2019 and reduce the individual household consumption of energy by at least half. Further, it was informed that as a beginning to UJALA-UK operations, EESL has started the retrofitting of the facade and other lights of the High Commission of India in UK and the India House which would lead to considerable energy savings. EESLs engagement with the UK will cover a broad spectrum including marketing of the world class energy efficiency products, services, investments and raising capital, scouting for new energy efficiency technologies and partnering with British companies to establish presence in third world country markets.

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