My Application Form Status

Check the status of your application form with Angel Broking.
Future Enterprises standalone net profit rises 615.37% in the June 2016 quarter

Future Enterprises standalone net profit rises 615.37% in the June 2016 quarter

Sep 14,2016

Net profit of Future Enterprises rose 615.37% to Rs 315.48 crore in the quarter ended June 2016 as against Rs 44.10 crore during the previous quarter ended June 2015. Sales declined 67.64% to Rs 921.19 crore in the quarter ended June 2016 as against Rs 2846.84 crore during the previous quarter ended June 2015.

ParticularsQuarter Ended
n++Jun. 2016Jun. 2015% Var.
Sales921.192846.84-68
OPM %24.969.91-
PBDT295.07184.1360
PBT142.3249.92185
NP315.4844.10615

Powered by Capital Market - Live News

Q3 and 9M results of Aurum Soft Systems
Jan 05,2017

Aurum Soft Systems announced that a meeting of the Board of Directors of the Company will be held on 13 January 2017, to consider the audited financial results of the Company for the quarter and the Nine Months ended 31 December 2016.

Powered by Capital Market - Live News

Johnson Controls-Hitachi Air Condition. India to announce December quarter results
Jan 05,2017

Johnson Controls-Hitachi Air Condition. India announced that a meeting of the Board of Directors of the Company will be held on 23 January 2017 to consider and take on record Unaudited Financial Results of the Company for the quarter ended on 31 December 2016.

Powered by Capital Market - Live News

Board of Proaim Enterprises to appoint director
Jan 05,2017

Proaim Enterprises announced that a Meeting of the Board of Directors of the Company will be held on 13 January 2017, inter alia, to consider and approve the following:

1. To appoint Mayuri Rathod as additional Director of the Company.

2. To take note on compliance made under SEBI (LODR) Regulation, 2015 for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

Board of India Lease Development to consider December quarter results
Jan 05,2017

India Lease Development announced that a Meeting of the Board of Directors of the Company will be held on 13 February 2017 to consider and take on record the Standalone Unaudited Financial Results of the Company for the quarter ended 31 December 2016 along with Limited Review Report by the Statutory Auditors of the Company.

Powered by Capital Market - Live News

Board of Supreme Petrochem to consider December quarter results
Jan 05,2017

Supreme Petrochem announced that a meeting of the Board of Directors of the Company will be held on 24 January 2017, inter-alia to consider and approve the unaudited financial results for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

FM: Though world economy is quite fragile yet India appears to be much better placed on back of improvement in its macro-economic fundamentals
Jan 05,2017

The Union Finance Minister Shri Arun Jaitley said though the world economy is quite fragile yet India appears to be much better placed today on the back of improvement in its macro-economic fundamentals. The Finance Minister said that the Governments measures to eliminate the shadow economy and tax evasion are expected to have a positive impact both on GDP and on fiscal consolidation in the long run. The Finance Minister Shri Jaitley was making his Opening Remarks while chairing the Sixteenth Meeting of the Financial Stability and Development Council (FSDC).

The Council reviewed the major issues and challenges facing the economy and noted that India appears to be much better placed today on the back of improvement in its macro-economic fundamentals. The Council also noted that the Governments measures to eliminate the parallel economy and black money are expected to have a positive impact both on GDP and on fiscal consolidation in the long run.

The Regulators offered their suggestions/proposals for the upcoming Budget 2017-18, which were deliberated upon by the Council. The Council also reviewed the present status of NPAs in Banks and the measures taken by Government & RBI for dealing with the stressed assets and discussed on further action in this regard.

FSDC discussed about the various initiatives taken by the Government and Regulators for promoting financial inclusion/financial literacy efforts and discussed further measures for promoting the same.

A Brief Report on the activities undertaken by the FSDC Sub-Committee chaired by Governor, RBI was placed before the FSDC. The Council also undertook a comprehensive review of the action taken by members on the decisions taken in earlier meetings of the Council.

The Council also discussed issues pertaining to Fintech, digital innovations and cyber security. The Council took note of the initiatives taken in this regard by the Government and the Regulators and discussed on further steps to be taken.

Powered by Capital Market - Live News

FM: World economy fragile; India appears to be much better placed on back of improvement in its macro-economic fundamentals
Jan 05,2017

The Union Finance Minister Shri Arun Jaitley said though the world economy is quite fragile yet India appears to be much better placed today on the back of improvement in its macro-economic fundamentals. The Finance Minister said that the Governments measures to eliminate the shadow economy and tax evasion are expected to have a positive impact both on GDP and on fiscal consolidation in the long run. The Finance Minister Shri Jaitley was making his Opening Remarks while chairing the Sixteenth Meeting of the Financial Stability and Development Council (FSDC).

The Council reviewed the major issues and challenges facing the economy and noted that India appears to be much better placed today on the back of improvement in its macro-economic fundamentals. The Council also noted that the Governments measures to eliminate the parallel economy and black money are expected to have a positive impact both on GDP and on fiscal consolidation in the long run.

The Regulators offered their suggestions/proposals for the upcoming Budget 2017-18, which were deliberated upon by the Council. The Council also reviewed the present status of NPAs in Banks and the measures taken by Government & RBI for dealing with the stressed assets and discussed on further action in this regard.

FSDC discussed about the various initiatives taken by the Government and Regulators for promoting financial inclusion/financial literacy efforts and discussed further measures for promoting the same.

A Brief Report on the activities undertaken by the FSDC Sub-Committee chaired by Governor, RBI was placed before the FSDC. The Council also undertook a comprehensive review of the action taken by members on the decisions taken in earlier meetings of the Council.

The Council also discussed issues pertaining to Fintech, digital innovations and cyber security. The Council took note of the initiatives taken in this regard by the Government and the Regulators and discussed on further steps to be taken.

Powered by Capital Market - Live News

Board of Sastasundar Ventures approves scheme of merger
Jan 05,2017

Sastasundar Ventures announced that the Board of Directors of the Company at its meeting held on 05 January 2017 approved the scheme of merger -

I) PRP Technologies (subsidiary of the Company), Myjoy Tasty Food (subsidiary of the Company) and Myjoy Hospitality (subsidiary of Myjoy Tasty Food) with the Company.

II) Sasta Sundar Shop, a step down subsidiary of the Company with Sastasunder Hospitality, a wholly owned subsidiary of the Company.

Powered by Capital Market - Live News

Bafna Pharmaceuticals announces update on board meeting
Jan 05,2017

Bafna Pharmaceuticals announced that meeting of the Board of Directors of the Company was held on 04 January 2017, where it was decided to withdraw entire preferential issue of 40,00,000 share warrants and in-principle application filed with the Stock Exchanges.

Powered by Capital Market - Live News

Board of Jagran Prakashan approves buyback of shares upto Rs 302.25 crore
Jan 05,2017

Jagran Prakashan announced that the Board of Directors of the Company at its meeting held on 05 January 2017, unanimously approved a buy-back proposal for the purchase by the Company of up to 1,55,00,000 fully paid up equity shares of face value of Rs 2 each representing 4.74% of the total number of outstanding Equity Shares of the Company, at a price of Rs 195 per Equity Share, for an aggregate amount of Rs 302.25 crore, out of the securities premium account and/or out of free reserves or such other sources as may be permitted by law, from the existing shareholders of the Company on a proportionate basis through a tender offer route as prescribed under the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998 (Buyback Regulations), to all of the shareholders who hold Equity Shares as of the Record Date (as defined in the Buy Back Regulations), on a separate window of the stock exchanges through the tender offer method, under the Buyback Regulations, subject to the condition that the aggregate amount to be expended by the Company for the Buyback shall not exceed 25% of the Companys total paid-up capital and free reserves based on the audited financial statements of the Company as on 31 March 2016.

The Buyback size does not include any expenses incurred or to be incurred for the Buyback like filing fees payable to the Securities and Exchange Board of India and other expenses such as advisors fees, public announcement publication expenses, printing and dispatch expenses and other incidental and related expenses.

Powered by Capital Market - Live News

Rally in SSWL counter continues unabated
Jan 05,2017

Meanwhile, the S&P BSE Sensex was up 248.88 points or 0.93% at 26,882.01.

On the BSE, 11,000 shares were traded on the counter so far as against the average daily volumes of 10,659 shares in the past one quarter. The stock had hit a high of Rs 701 and a low of Rs 669.60 so far during the day.

The stock had hit a record high of Rs 775 on 14 October 2016 and a 52-week low of Rs 284 on 17 February 2016. It had outperformed the market over the past one month till 4 January 2017, surging 10.55% compared with the Sensexs 1.53% rise. The scrip had also outperformed the market in past one quarter, advancing 6.77% as against the Sensexs 6% fall.

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

Shares of Steel Strips Wheels (SSWL) have risen 4.77% in two trading sessions from its close of Rs 656.10 on 3 January 2017, after the company during market hours yesterday, 4 January 2017 issued a 7% growth guidance in its sales volume at 35.6 lakh units in Q4 March 2017 over Q3 December 2016. In response to this announcement, the stock had risen 2.06% to settle at Rs 669.60 yesterday, 4 January 2017.

The buoyant volume growth guidance for Q4 March 2017 vis-n++-vis preceding sequential quarter is primarily driven by passenger cars and very good growth in tractors and truck segment. The commercial vehicles (CV) segment is witnessing very good demand for Q4 March 2017 and will surely negate the demonetization impact, Steel Strips said. The portfolio growth of heavier wheels is getting into high double digit and will surely give its impact on the financial performance of the company in Q4 March 2017, it added.

From its closing of Rs 551.50 on 26 December 2016, SSWL stock has galloped 24.65% in eight straight trading sessions to its ruling market price.

Net profit of Steel Strips Wheels rose 19.9% to Rs 18.02 crore on 2.8% decline in net sales to Rs 290.95 crore in Q2 September 2016 over Q2 September 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

Insilco nudges higher after restarting plant operations
Jan 05,2017

The announcement was made during market hours today, 5 January 2017.

Meanwhile, the BSE Sensex was up 241.96 points, or 0.91%, to 26,875.09.

On the BSE, 2,188 shares were traded in the counter so far, compared with an average volume of 28,464 shares in the past one quarter. The stock had hit a high of Rs 27.65 and a low of Rs 26.50 so far during the day.

Insilco had said on 2 January 2017 that the plant will continue to remain shut down due to high inventory & low sales volume & will restart in the evening of 4 January 2017. On 19 December 2016, the company had said that the plant will be shut down from 19 December 2016 to 2 January 2017 due to high inventory and low sales volume.

Insilco is one of the leading producers of precipitated silica in South Asia.

Powered by Capital Market - Live News

Ugar Sugar Works jumps 32.82% in eight sessions
Jan 05,2017

Meanwhile, the S&P BSE Sensex was up 208.74 points or 0.79% at 26,844.51.

On the BSE, 8,829 shares were traded on the counter so far as against the average daily volumes of 1.52 lakh shares in the past one quarter. The stock was locked at a high of Rs 30.55 so far during the day. The stock had hit a record high of Rs 73.10 on 1 August 2016 and a 52-week low of Rs 10.90 on 12 February 2016.

The stock had outperformed the market over the past one month till 4 January 2017, gaining 12.14% compared with Sensexs 1.53% gains. The stock had, however, underperformed the market in past one quarter, declining 35.33% as against Sensexs 6% decline.

The small-cap company has equity capital of Rs 11.25 crore. Face value per share is Re 1.

Shares of Ugar Sugar Works has surged 32.82% in eight sessions from a recent close of Rs 23 on 26 December 2016, to its current ruling price.

Sugar stocks had witnessed rally recently on hopes of an increase in mills profitability, following indications of a debt recast by the Ministry of Finance. This would help mills generate profits in the next few quarters on elevated sugar price levels. Debt recast would further lower interest outgo for mills, resulting in an increase in their profits.

Meanwhile, domestic sugar consumption is reportedly likely to outpace production for the second successive year in sugar season ending September 2017, given the lower sugar production in the major states of Maharashtra and Karnataka. While this decline will be offset to some extent by increased sugar production from Uttar Pradesh.

Ugar Sugar Works reported net loss of Rs 25.88 crore in Q2 September 2016 compared with net profit of Rs 29.81 crore in Q2 September 2015. Net sales rose 32.3% to Rs 123.06 crore in Q2 September 2016 over Q2 September 2015.

Ugar Sugar Works is the flagship organization of the Shirgaokar Group of companies. The company has been involved in the manufacture of white crystal sugar for over 75 years.

Powered by Capital Market - Live News

Gartner Forecasts Flat Worldwide Device Shipments Until 2018
Jan 05,2017

Worldwide combined shipments of PCs, tablets, ultramobiles and mobile phones are projected to remain flat in 2017, according to Gartner, Inc. Worldwide shipments for these devices are projected to total 2.3 billion in 2017, the same as 2016 estimates.

There were nearly 7 billion phones, tablets and PCs in use in the world by the end of 2016. However, Gartner does not expect any growth in shipments of traditional devices until 2018, when a small increase in ultramobiles and mobile phone shipments is expected.

The global devices market is stagnating. Mobile phone shipments are only growing in emerging Asia/Pacific markets, and the PC market is just reaching the bottom of its decline, said Ranjit Atwal, research director at Gartner.

As well as declining shipment growth for traditional devices, average selling prices are also beginning to stagnate because of market saturation and a slower rate of innovation, added Mr. Atwal. Consumers have fewer reasons to upgrade or buy traditional devices (see Table 1). They are seeking fresher experiences and applications in emerging categories such as head mounted displays (HMDs), virtual personal assistant (VPA) speakers and wearables.

The embattled PC market will benefit from a replacement cycle toward the end of this forecast period, returning to growth in 2018. Increasingly, attractive premium ultramobile prices and functionality will entice buyers as traditional PC sales continue to decline. The mobile phone market will also benefit from replacements. There is, however, a difference in replacement activity between mature and emerging markets. People in emerging markets still see smartphones as their main computing device and replace them more regularly than mature markets, said Mr. Atwal.

Device vendors are increasingly trying to move into faster-growing emerging device categories. This requires a shift from a hardware-focused approach to a richer value-added service approach, said Mr. Atwal. As service-led approaches become even more crucial, hardware providers will have to partner with service providers, as they lack the expertise to deliver the service offerings themselves.

Powered by Capital Market - Live News

Lypsa Gems shines on new order, extends recent rally
Jan 05,2017

The announcement was made during market hours today, 5 January 2017.

Meanwhile, the S&P BSE Sensex was up 207.73 points or 0.78% at 26,840.86.

On the BSE, 74,000 shares were traded on the counter so far as against the average daily volumes of 50,962 shares in the past one quarter. The stock had hit a high of Rs 65 and a low of Rs 61.50 so far during the day.

The stock had hit a record high of Rs 154.50 on 6 January 2016 and a record low of Rs 49 on 30 November 2016. It had outperformed the market over the past one month till 4 January 2017, surging 20.58% compared with the Sensexs 1.53% rise. The scrip had also outperformed the market in past one quarter, advancing 10.2% as against the Sensexs 6% fall.

The small-cap company has equity capital of Rs 21.06 crore. Face value per share is Rs 10.

The latest order was secured from customers based out of UAE. This order will be executed over a 9-month period.

Following the revival of demand in the diamond industry, Lypsa is seeing an uptrend in demand from its customers both in India and overseas as well.

Director of Lypsa Gems, Jeeyan Patwa said, the company is looking to further strengthen its presence in the international markets across the loose diamonds and jewellery segments. Lypsa is on track to achieve its vision of profitable growth not only in the international market but also the domestic markets and is targeting to become a debt free company soon, Patwa said.

Meanwhile, shares of Lypsa Gems are on a rising trend. The stock has risen 18.6% in seven straight trading sessions at its ruling market price, from its close of Rs 52.95 on 27 December 2016.

The company had last month announced securing an order worth Rs 17.7 crore for diamonds and diamond-studded jewellery.

On a consolidated basis, Lypsa Gems & Jewellerys net profit fell 24.5% to Rs 4.58 crore on 55.5% decline in net sales to Rs 64.11 crore in Q2 September 2016 over Q2 September 2015.

Lypsa Gems & Jewellery is a wholly owned integrated diamond company sourcing rough diamonds from the major diamond mines and dealers, cutting and polishing them in its own factories & marketing its product to clients across the globe. It also sells diamond-studded jewellery under the Oropel and Lypsa Atelier brand names.

Powered by Capital Market - Live News