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

Lupin nudges higher after receiving final USFDA approval for generic drug
Jan 02,2017

The company made the announcement during trading hours today, 2 January 2017.

Meanwhile, the S&P BSE Sensex was down 13.43 points or 0.05% at 26,613.03.

On the BSE, 22,206 shares were traded on the counter so far as against the average daily volumes of 87,963 shares in the past one quarter. The stock had hit a high of Rs 1,508.55 and a low of Rs 1,477.70 so far during the day. The stock had hit a 52-week high of Rs 1,911.55 on 9 February 2016 and a 52-week low of Rs 1,294.05 on 29 March 2016.

The stock had underperformed the market over the past one month till 30 December 2016, sliding 1.3% compared with 0.1% drop in the Sensex. The scrip had, however, outperformed the market in past one quarter, sliding 0.12% as against Sensexs 4.45% fall.

The large-cap company has equity capital of Rs 90.29 crore. Face value per share is Rs 2.

Lupin announced that it has received final approval for its Cevimeline Hydrochloride Capsules, 30 mg from the United States Food and Drug Administration (USFDA) to market a generic version of Daiichi Sankyo Incs Evoxac Capsules, 30 mg. Lupin shall commence promoting the product shortly.

Lupins Cevimeline Hydrochloride Capsules, 30 mg are the AB rated generic equivalent of Daiichi Sankyo Incs Evoxac Capsules, 30 mg. Cevimeline Hydrochloride Capsules, 30 mg are indicated for the treatment of symptoms of dry mouth in patients with Sjn++grens Syndrome. Evoxac Capsules had annual US sales of $40.8 million as per IMS MAT September 2016 data.

Lupins consolidated net profit rose 57.8% to Rs 662.19 crore on 31.9% rise in net sales to Rs 4211.18 crore in Q2 September 2016 over Q2 September 2015.

Lupin is an innovation led transnational pharmaceutical company developing and delivering a wide range of branded & generic formulations, biotechnology products and active pharmaceutical ingredients (APIs) globally. The company is a significant player in the cardiovascular, diabetology, asthma, pediatric, CNS, GI, anti-infective and NSAID space and holds global leadership position in the Anti-TB segment.

Powered by Capital Market - Live News

M&M moves higher after decent tractor sales
Jan 02,2017

The company announced the monthly sales volume during market hours today, 2 January 2017.

Meanwhile, the S&P BSE Sensex was down 24.14 points or 0.09% at 26,602.32.

On the BSE, 57,000 shares were traded on the counter so far as against the average daily volumes of 80,811 shares in the past one quarter. The stock had hit a high of Rs 1,214.60 and a low of Rs 1,171.10 so far during the day.

The stock had hit a record high of Rs 1,508.80 on 9 August 2016 and a 52-week low of Rs 1,092 on 12 February 2016. It had underperformed the market over the past one month till 30 December 2016, sliding 0.13% compared with the Sensexs 0.1% fall. The scrip had also underperformed the market over the past one quarter declining 15.75% as against the Sensexs 4.45% fall.

The large-cap company has equity capital of Rs 310.55 crore. Face value per share is Rs 5.

Mahindra & Mahindras (M&M) domestic tractor sales rose 8% to 12,619 units in December 2016 over December 2015. Exports surged 21% to 1,428 units in December 2016 over December 2015.

Rajesh Jejurikar, President and Chief Executive - Farm Equipment and Two Wheer Division, M&M, said that with good progress in Rabi sowing and increased minimum support prices (MSPs), the company expects to see the growth momentum to continue in the coming months.

M&Ms total auto sales declined 4% to 36,363 units in December 2016 over December 2015. Total domestic sales fell 1.5% to 34,310 units in December 2016 over December 2015. Total exports dropped 33% to 2,053 units in December 2016 over December 2015.

Commenting on the performance for December 2016, Pravin Shah, President & Chief Executive (Automotive), M&M, said, the auto industry continues to go through challenging times, grappling with the short term effects of demonetisation as well as reduced and postponed purchase decisions. However, the company believes there will be a gradual pick-up in demand starting next few months.

M&Ms net profit rose 27.1% to Rs 1163.27 crore on 13.8% growth in net sales to Rs 10411.67 crore in Q2 September 2016 over Q2 September 2015.

M&M enjoys a leadership position in tractors and utility vehicles in India.

Powered by Capital Market - Live News

Nirlon to announce December quarter results
Jan 02,2017

Nirlon has scheduled meetings of the Board of Directors and Committees, including Audit Committee on 03 February 2017 to consider and to take on record the Unaudited Financial Results for the Quarter ended 31 December 2016 along with the Limited Review Report.

Powered by Capital Market - Live News

Outcome of board meeting of Divya Jyoti Industries
Jan 02,2017

Divya Jyoti Industries announced that the Board of Directors of the Company at its meeting held on 02 January 2017 approved the following -

Accepted the resignation of Poorva Agarwal as Company Secretary and appointed Prabhavi Mungee as Company Secretary of the Company.

The Board conveyed and recorded their heart felt condolence of the sad demise of Chairman cum Director of the Company Rangnath Ji Nyati.

Powered by Capital Market - Live News

Uniworth International appoints company secretary
Jan 02,2017

Uniworth International announced that Parinita Goenka has been appointed as Company Secretary of the Company w.e.f. 02 January 2017 duly approved at the Board Meeting of the Company held on 02 January 2017.

Powered by Capital Market - Live News

Dabur India to announce Q3 results
Jan 02,2017

Dabur India announced that the Board of Directors of the Company is scheduled to meet on 31 January 2017 to, inter alia, consider and approve the unaudited financial results for the quarter/nine months ended on 31 December 2016 (Q3).

Powered by Capital Market - Live News

Volumes jump at Nestle India counter
Jan 02,2017

Nestle India clocked volume of 59.27 lakh shares by 13:14 IST on BSE, a 40.44-times surge over two-week average daily volume of 2,000 shares. The stock fell 0.08% at Rs 6,025.05.

MMTC notched up volume of 27.34 lakh shares, a 5.21-fold surge over two-week average daily volume of 5.24 lakh shares. The stock surged 12.04% at Rs 59.10.

LIC Housing Finance saw volume of 4.23 lakh shares, a 4.1-fold surge over two-week average daily volume of 1.03 lakh shares. The stock declined 5.44% at Rs 529.

Kushal Tradelink clocked volume of 53.78 lakh shares, a 2.3-fold surge over two-week average daily volume of 23.41 lakh shares. The stock rose 2.58% at Rs 565.05.

Kotak Mahindra Bank saw volume of 3.03 lakh shares, a 2.22-fold rise over two-week average daily volume of 1.36 lakh shares. The stock fell 1.18% at Rs 710.60.

Powered by Capital Market - Live News

LIC Housing Finance leads losers in A group
Jan 02,2017

LIC Housing Finance dropped 5.14% to Rs 530.70 at 12:45 IST. The stock topped the losers in the BSEs A group. On the BSE, 3.82 lakh shares were traded on the counter so far as against the average daily volumes of 1.03 lakh shares in the past two weeks.

HDFC declined 3.48% at Rs 1,218.50. The stock was the second biggest loser in A group. On the BSE, 1.35 lakh shares were traded on the counter so far as against the average daily volumes of 1.06 lakh shares in the past two weeks.

State Bank of India (SBI) shed 2.44% to Rs 243.65. The stock was the third biggest loser in A group. On the BSE, 15.35 lakh shares were traded on the counter so far as against the average daily volumes of 11.33 lakh shares in the past two weeks.

SBI has reportedly cut its marginal cost of lending rate, or MCLR, by 90 basis points across all maturities. The countrys largest bank has reduced its key one-year benchmark MCLR to 8% per annum. The one-year benchmark is used for pricing home and car loans. Loans are provided to borrowers at 35 basis points over the MCLR. SBIs new rates were effective from 1 January 2017.

Bajaj Auto declined 2.12% at Rs 2,578. The stock was the fourth biggest loser in A group. On the BSE, 21,000 shares were traded on the counter so far as against the average daily volumes of 12,000 shares in the past two weeks.

Bajaj Auto announced that total sales fell 22% to 2.25 lakh units in December 2016 over December 2015. Domestic sales dropped 17% to 1.19 lakh units in December 2016 over December 2015. Exports fell 27% to 1.05 lakh units in December 2016 over December 2015. The company announced the monthly sales volume data for December during market hours today, 2 January 2017.

Bank of Baroda fell 2.1% to Rs 149. The stock was the fifth biggest loser in A group. On the BSE, 3.41 lakh shares were traded on the counter so far as against the average daily volumes of 7.96 lakh shares in the past two weeks.

Powered by Capital Market - Live News

Board of M M Rubber Co to consider December quarter results
Jan 02,2017

M M Rubber Co announced that meeting of the Board of Directors of the Company will be held on 23 January 2017, inter alia, to consider the following:

1. To approve the Un-audited Financial Results of the Company for the quarter ending 31 December 2016 and to authorize the Managing Director of the Company to file the same with the Stock Exchanges.

2. To record share transfer/transmission effected during the quarter.

Powered by Capital Market - Live News

Ashok Leyland announces sales figure
Jan 02,2017

Ashok Leyland has reported total sales of 10,731 units in December 2016 compared to 12,154 units in December 2015, recording a decline of 12%. For the period April - December 2016, the total sales stood higher by 1% at 97,445 unit compared to corresponding period of previous year.

Powered by Capital Market - Live News

SBI drops after slashing lending rates
Jan 02,2017

Meanwhile, the S&P BSE Sensex was down 127.10 points or 0.48% at 26,499.36.

On the BSE, 12.61 lakh shares were traded on the counter so far as against the average daily volumes of 21.45 lakh shares in the past one quarter. The stock had hit a high of Rs 253.50 and a low of Rs 242.80 so far during the day.

The stock had hit a 52-week high of Rs 288.50 on 11 November 2016 and a 52-week low of Rs 148.30 on 12 February 2016. The stock had underperformed the market over the past one month till 30 December 2016, declining 3.35% compared with the Sensexs 0.1% fall. The scrip had, however, outperformed the market over the past one quarter declining 0.38% as against the Sensexs 4.45% fall.

The large-cap public sector bank has equity capital of Rs 776.28 crore. Face value per share is Re 1.

State Bank of India (SBI) has reportedly cut its marginal cost of lending rate, or MCLR, by 90 basis points across all maturities. MCLR is the benchmark rate to which all loans are linked. The bank has reduced its key one-year benchmark MCLR to 8% per annum. The one-year benchmark is used for pricing home and car loans. Loans are provided to borrowers at 35 basis points over the MCLR. SBIs new rates were effective from yesterday, 1 January 2017.

SBIs net profit fell 34.6% to Rs 2538.32 crore on 8.3% growth in total income to Rs 50742.99 crore in Q2 September 2016 over Q2 September 2015.

SBI is Indias biggest bank in terms of branch network. The Government of India currently holds 60.18% stake in SBI (as per the shareholding pattern as on 30 September 2016).

Powered by Capital Market - Live News

Board of Arfin India to consider conversion of warrants
Jan 02,2017

Arfin India announced that a meeting of the Board of Directors of the Company is scheduled to be held on 05 January 017, inter alia, to consider issue and allotment of Equity Shares on conversion of Warrants to Promoters and Persons other than Promoters.

Powered by Capital Market - Live News

NCL Industries announces resignation of director
Jan 02,2017

NCL Industries announced that N. V. Suvarna, Executive Director of the Company has resigned from the Board of Directors of the Company w.e.f. 01 January 2017.

Powered by Capital Market - Live News

Government has allowed 100% FDI for trading including through e-commerce, in respect of food products manufactured or produced in India
Jan 02,2017

The Ministry of Food Processing Industriesis implementing a number of Central Sector Schemes for promotion and development of food processing sector in the country since 12th Plan.

The major achievements of the Ministry during 2016 are as under:-

Government has allowed 100% FDI for trading including through e-commerce, in respect of food products manufactured or produced in India. 100% FDI is already permitted in manufacturing of food products through automatic route. This will provide impetus to the foreign investment in food processing sector, benefit farmers immensely and will create vast employment opportunities.

The following additional fiscal concessions have been granted for boosting the investment in the food processing sector :

(a) Reduction in Excise Duty on Refrigerated Containers from 12.5% to 6%.

(b) Reduction in Basic Custom Duty on Refrigerated Containers from 10% to 5%.

(c) 5% Basic Customs Duty as presently available under project imports for cold storage, cold room also extended for Cold Chain including pre-cooling unit, pack house, sorting and grading lines and ripening chambers.

Under the Scheme of Mega Food Parks:

(a) The Indus Mega Food Park, Khargone (Madhya Pradesh); Jharkhand Mega Food Park Ranchi (Jharkhand), and Jangipur Bengal Mega Food Park, Murshidabad(West Bengal) were made operational and inaugurated.

(b) Foundation Stone of Punjab Agro Industries Corporation (PAIC) Mega Food Park Project in Ludhiana was laid.

(c) As such, 8 Mega Food Parks have been made operational so far.

(d) A Mega Food Park is likely to benefit about 25000-30000 farmers apart from creating employment for 5000-6000 persons, especially in rural areas.

(e) The Mega Food Park projects at Satara (Maharashtra), Ajmer (Rajasthan), Rayagada (Odisha) and Agartala (Tripura) are at advanced stage for operationalisation by the end of current financial year.

(f) NABARD has sanctioned term loan of Rs. 427.69 Crore to 10 Mega Food Park projects and 2 processing units under Food Processing Fund of Rs. 2000 Crore and out of this an amount of Rs. 81.10 Crore has been disbursed. The Ministry has notified 157 designated food parks in different States for the purpose of availing affordable credit from special fund with NABARD.

Under the Scheme of Integrated Cold Chain and Value Addition Infrastructure:

(a) 20 projects have been operationalised in 2016. With their operationalisation, Ministry has created an additional capacity of 0.63 lakh metric tonnes of cold storage, 15 metric tonnes per hour of individual Quick Freezing (IQF), 10.65 lakh litres per day of Milk of processing/ storage and 99 reefer vans during 2016.

(b) During last two and half years, 54 Integrated Cold Chain projects have been made operational taking the total number of Cold Chain projects to 91. The Ministry has so far assisted 135 Cold Chain projects having a capacity of 3.67 lakh metric tones of cold storage, 94.29 metric tones per hour of individual Quick Freezing (IQF) 37.93 lakh litres per day of Milk processing/ storage and 549 reefer vans.

(c) The guidelines of Scheme have been revised on the basis of feedback and experience of this Ministry to make them investor friendly.

(d) On an average, each cold chain project benefits to around 500 farmers in fruits and vegetables sector and around 5000 farmers in dairy sector and creates employment for 100 persons.

Ministry has invited EOIs to fill up vacant slots of Mega Food parks and Cold Chain projects. The Ministry has received 54 proposals against 8 vacant slots of Mega Food Parks and 308 proposals for 100 Cold Chain projects which stand testimony to the increasing interest of the investors in this sector.

Under the Scheme of Setting up/ Modernization of Abattoirs, one project at Panji (Goa) has been operationalised.

During the year, 10 Food Testing Labs have been completed.

FSSAI has simplified product approval:

(a) approved a large number of new Additives harmonized with the International Codex Standards.

(b) notified an amendment to the regulations as a result of which non-standardized food products called proprietary foods (except novel food and nutra-ceuticals) that use ingredients and additives approved in the regulations will no longer require product approval. This has provided considerable relief to the industry.

A web-based on-line system has been operationalised for processing claims for release of grants-in-aid under the Schemes of Mega Food Parks and the Integrated Cold Chain and Value Addition Infrastructure.

The National Institute of Food Technology, Entrepreneurship and Management (NIFTEM) at Kundli, Sonepat, Haryana and Indian Institute of Crop Processing Technology (IICPT) at Thanjavur, Tamil Nadu are being developed by the Government as the Centres of Excellence. The pass-outs of these institutes have got 100% placements.

The Ministry is also taking steps to implement a new scheme namely Scheme for Agro-Marine produce Processing and Development of Agro-clusters (SAMPADA) for overall development of food processing sector, for providing enabling infrastructure, expanding processing and preservation capacities, controlled temperature logistics and backward and forward linkages, with an allocation of Rs.6000 Crore for a period co-terminus with 14th Finance Commission.

Powered by Capital Market - Live News

Punjab National Bank drops after reducing MCLR
Jan 02,2017

The announcement was made on Sunday, 1 January 2017.

Meanwhile, the S&P BSE Sensex was down 116.55 points or 0.44% at 26,509.91.

On the BSE, 5.1 lakh shares were traded in the counter so far as against average daily volume of 11.91 lakh shares in the past one quarter. The stock had hit a high of Rs 117.45 and a low of Rs 113.30 so far during the day. The stock had hit a 52-week high of Rs 164.30 on 11 November 2016. The stock had hit a 52-week low of Rs 69.40 on 17 February 2016.

The stock had underperformed the market over the past one month till 30 December 2016, sliding 16.35% compared with 0.1% drop in the Sensex. The scrip had also underperformed the market in past one quarter, dropping 17.81% as against Sensexs 4.45% fall.

The large-cap public sector bank has equity capital of Rs 425.59 crore. Face value per share is Rs 2.

Punjab National Bank has reduced marginal cost of funds based lending rate (MCLR) for overnight loans to 8.2% from 8.9%. The rate for one month is reduced to 8.25% from 8.95% and for three months it is reduced to 8.35% from 9.05%.

The MCLR on 6-month loans will be 8.4% from earlier 9.1% and for one-year loans the rate will be 8.45% from 9.15%, the bank said. MCLR on three-year loans was reduced to 8.6% from 9.3% and for five-year loans the rate will be 8.75% from 9.45% earlier.

All rupee loans sanctioned and credit limits renewed with effect from 1 April 2016 are priced with reference to the Marginal Cost of Funds based Lending Rate (MCLR) which is the internal benchmark of the concerned bank. Actual lending rates are determined by adding the components of spread to the MCLR.

Punjab National Bank (PNB)s net profit declined 11.5% to Rs 549.36 crore on 3.8% growth in total income to Rs 14218.27 crore in Q2 September 2016 over Q2 September 2015.

The Government of India held 65.01% stake in PNB (as per the shareholding pattern as on 30 September 2016).

Powered by Capital Market - Live News