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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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Hindustan Copper shines after signing MoU with Mishra Dhatu Nigam
Jul 25,2017

The announcement was made after market hours yesterday, 24 July 2017.

Meanwhile, the S&P BSE Sensex was up 44.82 points, or 0.14% at 32,290.69. The S&P BSE Mid-Cap index was up 55.77 points, or 0.37% at 15,282.18.

On the BSE, 1.03 lakh shares were traded on the counter so far as against the average daily volumes of 1.32 lakh shares in the past one quarter. The stock had hit a high of Rs 67.20 and a low of Rs 65.80 so far during the day. The stock had hit a 52-week high of Rs 73.60 on 22 August 2016 and a 52-week low of Rs 50.10 on 9 November 2016.

The stock had underperformed the market over the past one month till 24 July 2017, rising 2.12% compared with 3.56% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 1.74% as against Sensexs 8.73% rise. The scrip had also underperformed the market in past one year, rising 3.25% as against Sensexs 15.98% rise.

The mid-cap company has equity capital of Rs 462.61 crore. Face value per share is Rs 5.

Hindustan Copper announced signing a Memorandum of Understanding (MoU) with Mishra Dhatu Nigam (MIDHANI), a CPSE under the Ministry of Defence on 22 July 2017, for a joint collaboration in area of production of copper-nickel tubes and related items. This will promote Make in India initiative and create significant business synergy for Hindustan Copper and MIDHANI.

Hindustan Coppers net profit spurted 6918.97% to Rs 40.71 crore on 68.63% increase in total income to Rs 571.82 crore in Q4 March 2017 over Q4 March 2016.

Hindustan Copper is a vertically integrated copper producing company encompassing mining, beneficiation, smelting, refining and casting of refined copper metal. The Government of India holds 82.88% stake in Hindustan Copper (as per shareholding pattern as on 31 March 2017).

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Hil gets revision in ratings for credit facilities
Jul 25,2017

Hil announced that ICRA has revised the ratings as under -

Long term fund based limits (Rs 109 crore) - ICRA AA-/ Stable (Upgraded from ICRA A+)

Short term non fund based/ commercial paper (Rs 85 crore) - ICRA A1+ (Reaffirmed)

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19 per cent of Indian population is still unbanked: ASSOCHAM-EY
Jul 25,2017

Despite rationale and a strong institutional credit network, Indias financial services ecosystem lags in terms of physical infrastructure and has failed to reach the poor, more than 19% of the population who are unbanked or financially excluded, noted a recent ASSOCHAM-EY joint study.

The main objective of financial inclusion is to ensure access to formal credit for people who depend on informal sources for fulfilling their financial needs, at an affordable cost in a fair and transparent manner, and to promote financial education, said the report titled, Evolving landscape of microfinance institutions in India, jointly conducted by ASSOCHAM and EY.

The Government and the Reserve Bank of India (RBI) has made several concentrated efforts to promote financial inclusion. These efforts include launch of co-operative banks and regional rural banks, introduction of mandated priority sector lending targets, formation of self-help groups, appointment of business correspondents by banks to provide door-step delivery of banking services. These initiatives helped to bring in a large section of the unbanked population under the formal financial credit system. However, a significant portion of Indias population still remains devoid of access to basic formal credit facilities mainly due to lack of last mile connectivity. Hence, the Government, with RBIs support, continues to introduce various new initiatives to fulfil its objective of achieving 100% financial inclusion, reveals the joint study.

The Indian microfinance industry is dominated by NBFC MFIs with an 88% market share. According to data from MFIN, there are 12 small MFIs (loan book less than INR1b), another 22 medium-sized MFIs (loan book between INR1b and INR5b) and 22 large MFIs (loan book above INR5b). Large MFIs account for ~90% of the industrys gross loan portfolio (GLP), client base and debt funding.

During FY12-16, the gross loan portfolio (GLP) of MFIs grew at a CAGR of 48% to reach INR532.3b and the number of clients benefited crossed 32.5m (as of March 2016). Notably, the sector reported a significant surge of 84% in GLP from INR289.4b in FY15 to INR532.3b in FY16, since MFIs indulged in issuing large loans to clients after the RBI relaxed indebted exposure to single borrower from INR 50,000 to INR 100,000. 60% of the GLP was attributed to the rural sector while the remaining 40% was from metros, urban and semi-urban areas (as of March 2016).

In terms of regional breakup, south India had the highest share at 35% of GLP followed by west and north India at 25% share each. 31% of the loans were given for agriculture and allied activities while 64% were given for non agriculture and 5% for household finance as of March 2016. Large MFIs, some of which are in the process of converting to small finance banks, reported the highest surge in their loan books.

After 2010, MFIs consolidated their operations, since the sector faced more stringent regulatory requirements. Number of MFIs declined from~70 in pre-2010 to 55 in early-20167. Growth slowed after FY11 and in FY13, there was a decline in both branch network and employee base. However, following the initial consolidation, microfinance companies started aggressively expanding operations. From FY13 to FY16, branch network expanded at a CAGR of 16% while the employee base increased at a CAGR of 27%. Of the total base of 85,888 employees, 63% are loan officers who provide door-to-door credit as on March 2016.

During the past two years, MFIs have reported a 58% jump in average loan size per customer from INR 10,364 in FY14 to INR 16,394 in FY16, since during the same period gross loan portfolio has increased 3X while client base has only increased 2X. Some industry experts have ascertained the high growth pattern to the rise in clients, increase in general income levels and ease of lending rules by the RBI. In April 2015, the RBI raised the cap on indebtedness to a borrower from INR 50, 000 to INR100,000. However, according to others, increased lending to same clients may be risky for MFIs, since they serve vulnerable segments, which entails increased underlying risk, highlighted the study.

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Indiabulls Housing Finance reaches summit on good Q1 results
Jul 25,2017

The result was announced after market hours yesterday, 24 July 2017.

Meanwhile, the S&P BSE Sensex was up 35.97 points or 0.11% at 32,280.26.

On the BSE, 48,286 shares were traded on the counter so far as against the average daily volumes of 1.18 lakh shares in the past one quarter. The stock had hit a high of Rs 1,191.65 so far during the day, which is a record high for the counter. The stock had hit a low of Rs 1,163.35 so far during the day. The stock had hit a 52-week low of Rs 616.05 on 27 December 2016.

The stock had outperformed the market over the past one month till 24 July 2017, rising 4.59% compared with 3.56% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 14.77% as against Sensexs 8.73% rise. The scrip had also outperformed the market in past one year, jumping 57.17% as against Sensexs 15.98% rise.

The large-cap company has equity capital of Rs 84.87 crore. Face value per share is Rs 2.

Indiabulls Housing Finances loan assets rose 33% to Rs 94451 crore as of 30 June 2017 over the assets as of 30 June 2016.

The companys board declared an interim dividend of Rs 9 per share for the year ending 31 March 2018 (FY 2018).

The board also approved the issuance of secured/unsecured non convertible debentures (NCDs), upto Rs 25000 crore & Rs 3000 crore respectively, on private placement basis.

Indiabulls Housing Finance is a housing finance company.

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Ratnamani Metals hits record high
Jul 25,2017

The announcement was made after market hours yesterday, 24 July 2017.

Meanwhile, the S&P BSE Sensex was up 15.50 points, or 0.05% at 32,261.37. The S&P BSE Mid-Cap index was up 45.21 points, or 0.3% at 15,272.32.

On the BSE, 2,806 shares were traded on the counter so far as against the average daily volumes of 5,482 shares in the past one quarter. The stock had hit a high of Rs 872 so far during the day, which is also its record high. The stock hit a low of Rs 851 so far during the day. The stock had hit a 52-week low of Rs 511.95 on 29 August 2016.

The stock had underperformed the market over the past one month till 24 July 2017, sliding 0.91% compared with the Sensexs 3.56% rise. The scrip had also underperformed the market over the past one quarter gaining 4.75% as against the Sensexs 8.73% rise. The scrip had, however, underperformed the market over the past one year advancing 58.26% as against the Sensexs 15.98% rise.

The mid-cap company has equity capital of Rs 9.35 crore. Face value per share is Rs 2.

Ratnamani Metals & Tubes said that the company has bagged two new orders for supply of HSAW pipes worth Rs 339 crore for approximately Rs 214 crore and Rs 125 crore to be completed by March 2018 and April 2018 respectively.

Ratnamani Metals & Tubes consolidated net profit fell 15% to Rs 39.82 crore on 23.4% decrease in net sales to Rs 388.43 crore in Q4 March 2017 over Q4 March 2016.

Ratnamani Metals & Tubes is a multi-location, multi-product company, in India, manufacturing tubes & pipes in stainless steel/exotic material and also carbon steel pipes, in wide size ranges, for wide spectrum of applications.

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BEML announces board meeting date
Jul 25,2017

BEML will hold a meeting of the Board of Directors of the Company on 11 August 2017.

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Hind Rectifiers to convene board meeting
Jul 25,2017

Hind Rectifiers will hold a meeting of the Board of Directors of the Company on 31 July 2017.

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MP Agro Industries announces board meeting date
Jul 25,2017

MP Agro Industries will hold a meeting of the Board of Directors of the Company on 12 August 2017.

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Pet Plastics to discuss results
Jul 25,2017

Pet Plastics will hold a meeting of the Board of Directors of the Company on 31 July 2017.

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Bosch to table results
Jul 25,2017

Bosch will hold a meeting of the Board of Directors of the Company on 11 August 2017.

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Kappac Pharma to declare Quarterly Result
Jul 25,2017

Kappac Pharma will hold a meeting of the Board of Directors of the Company on 1 August 2017.

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State Bank of India to discuss results
Jul 25,2017

State Bank of India will hold a meeting of the Board of Directors of the Company on 26 July 2017.

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Sika Interplant Systems to declare Quarterly Result
Jul 25,2017

Sika Interplant Systems will hold a meeting of the Board of Directors of the Company on 2 August 2017.

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Hexa Tradex to table results
Jul 25,2017

Hexa Tradex will hold a meeting of the Board of Directors of the Company on 3 August 2017.

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JJ Exporters to announce Quarterly Result
Jul 25,2017

JJ Exporters will hold a meeting of the Board of Directors of the Company on 11 August 2017.

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