My Application Form Status

Check the status of your application form with Angel Broking.
Arq - The Hyper Intelligent Investment Engine By 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

Industry alone to add USD 280 billion to GDP from GST in 8-9 years: ASSOCHAM
Jul 06,2017

Industry alone is expected to contribute USD 280 billion to Indias Gross Domestic Product (GDP) in the next 8-9 years, as a positive fall out of the Goods and Services Tax as structural changes in the ease of doing business would propel the growth, an ASSOCHAM-APAS study has said.

Describing the GST, in the short-term, as a n++mini budget short of projection of estimated revenue,n++ the paper said most businesses would be able to get significantly more credits under GST, leading to a benefit for most of them.

n++It will bring a systematic approach and enhance transparency which will aid growth of business and would help the industry to concentrate on its core business,n++ the paper said, adding n++we believe that GST is a structural reform and is expected to accelerate the pace of GDP growth in India, despite implementation challenges in the near term. It would usher in lower taxes, seamless input tax credit, logistics savings and market share swings from unorganized to organised playersn++.

The ASSOCHAM Secretary General Mr D S Rawat said, one of the most visible benefits, accruing immediately from GST is removal of the octroi / chungi check posts at the inter-state borders, the most irritating and efficiency killing phenomenon that should have gone long ago. In any case, with most of the states, removing the major trade obstacle, immediately after the roll out of the GST, the ease of doing business would go up significantly and the operational efficiency would improve singularly from the removal of the border check posts at inter-state borders.

As the paper notes that industry would alone would bring accretion to the GDP by USD 280 billion by 2026. Combined with other vital sectors of the economy, the gains would be still higher, significantly.

Notwithstanding the teething troubles, the GST would make even the micro, small and medium enterprises (MSMEs) more efficient and confident, integrating them well into the mainstream of the economy. n++Eventually, GST will turn these MSMEs more competitive with a level playing field between large enterprises and them. Furthermore, the Indian MSMEs would be able to compete with foreign competition coming from cheap cost centres such as China, the Philippines and Bangladeshn++.

Among the other benefits to the industry and particularly the SMEs, they would find it easier to start the business and improvement in the market for the MSMEs. Besides the logistics overheads would be lower as the country-wide market becomes unified.

Just as GST would help the MSMEs, the newly started Insolvency and Bankruptcy Code (IBC) should put the non-productive assets into productive use, though the institutional infrastructure and capacity building to implement the IBC would be key.

Powered by Capital Market - Live News

Alps Industries to hold AGM
Jul 06,2017

Alps Industries announced that the th Annual General Meeting(AGM) of the company on 29 August 2017.

Powered by Capital Market - Live News

Jubilant Life Science gets final approval for Bupropion Hydrochloride ER Tablets
Jul 06,2017

Jubilant Life Science has announced that Jubilant Pharma, a material wholly owned subsidiary of the Company, through one of its wholly owned subsidiaries, has received Abbreviated New Drug Application(ANDA) final approval for Bupropion Hydrochloride Extended-Release Tablets USP (XL), 150 mg and 300 mg, the generic version of Wellbutrin XLn++ of Valeant, which is used for the treatment of major depressive disorder and prevention of seasonal affective disorder.

Powered by Capital Market - Live News

OM Metals gallops after sale of cineplex division
Jul 06,2017

The announcement was made after market hours yesterday, 5 July 2017.

Meanwhile, the S&P BSE Sensex was up 158.16 points or 0.51% at 31,403.72.

On the BSE, 1.16 lakh shares were traded in the counter so far as against average daily volume of 26,625 shares in the past one quarter. The stock hit a high of Rs 60.10 in intraday trade so far, which is 52-week high for the counter. The stock had hit a low of Rs 53.15 so far during the day. The stock had hit a 52-week low of Rs 38.30 on 22 March 2017.

The small-cap company has equity capital of Rs 9.63 crore. Face value per share is Re 1.

OM Metals Infraprojects said it has on 4 July 2017 sold its cineplex division, Om Cineplex Commercial Complex, for Rs 18 crore to Princess Infra and Development.

OM Metals Infraprojects net profit fell 81.47% to Rs 1.31 crore on 5.56% fall in net sales to Rs 66.20 crore in Q4 March 2017 over Q4 March 2016.

OM Metals Infraprojects has diverse business activities and interests related to hydro mechanical equipments, turn key solutions for steel fabrication, hydro power developments, real estate, entertainment centers and hotels.

Powered by Capital Market - Live News

IRB Infra gains on achieving financial closure of road project
Jul 06,2017

The announcement was made after market hours yesterday, 5 July 2017.

Meanwhile, the S&P BSE Sensex was up 159.19 points, or 0.51% to 31,404.75.

On the BSE, 1.61 lakh shares were traded in the counter so far, compared with average daily volumes of 3.08 lakh shares in the past one quarter. The stock had hit a high of Rs 221.10 and a low of Rs 214.50 so far during the day. The stock hit a 52-week high of Rs 272.40 on 3 May 2017. The stock hit a 52-week low of Rs 177.50 on 23 November 2016.

The stock had underperformed the market over the past one month till 5 July 2017, falling 7.58% compared with 0.18% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 12.93% as against Sensexs 4.40% rise. The scrip had also underperformed the market in past one year, falling 2.13% as against Sensexs 15.01% rise.

The mid-cap company has equity capital of Rs 351.45 crore. Face value per share is Rs 10.

IRB Infrastructure Developers said that its special purpose vehicle, Udaipur Tollway, has successfully achieved financial closure for its Udaipur-Gujarat Border six laning BOT (build-operate-transfer) project.

The special purpose vehicle, in terms of the concession agreement executed with the National Highways Authority of India (NHAI), has tied up with the consortium of lenders for project finance to the tune of Rs 1461 crore.

The project involves 6 laning of national highway (NH)-8 between Udaipur to Gujarat border of 113.8 Kms length. Concession Period for the project is 21 years including construction period of 910 days. Tolling commences from the appointed date.

The total project cost is Rs 2088 crore, out of which Rs 627 crore will be an equity contribution by the road developer and remaining will be funded by the consortium of lenders led by Canara Bank with average cost of around 10.65% per annum. Other lenders of the project include Bank of India, Bank of Maharashtra, Oriental Bank of Commerce, Indian Overseas Bank, Andhra Bank and Aditya Birla Finance.

On a consolidated basis, IRB Infrastructure Developers net profit rose 32.15% to Rs 207.23 crore on 5.89% growth in net sales to Rs 1627.12 crore in Q4 March 2017 over Q4 March 2016.

IRB Infrastructure Developers is one of the largest private roads and highways infrastructure developers in India.

Powered by Capital Market - Live News

Valiant Organics to hold board meeting
Jul 06,2017

Valiant Organics will hold a meeting of the Board of Directors of the Company on 6 July 2017.

Powered by Capital Market - Live News

Tata Global Beverages to pay dividend
Jul 06,2017

Tata Global Beverages announced that dividend, if approved by the Shareholders at the ensuing AGM will be paid on or after 21 August, 2017.

Powered by Capital Market - Live News

JV of ARSS Infrastructure Projects bags work order worth Rs 71.57
Jul 06,2017

ARSS Infrastructure Projects announced that its JV ARSS-SCPL has been awarded a work order by East Coast Railway on 04 July 2017. The work order amounting to Rs 71.57 crore namely Koraput - Singapur Road Doubling Project involves construction of Major Bridge No. 1 (1x18.3m Composite Girder, RUB), Br. No3 (5x30.5m composite Girder), Br.No.6 (5x30.5 Composite Girder),Br. No.12 (1x12.2m +1x30.5m+1x12.2m Composite Girder),Br. No.19 (1x12.2m +1x30.5m+1x12.2m Composite Girder),Br. No. 21A (1x36.0m Composite Girder, ROB),Br.NO.25(2x9.15m RCC Box) &,Br.NO.26(3x6.1m RCC Box) between Koraput -Damanjodi stations in connection with Doubling of Koraput - Singapur Road section of WAT Division, East Coast Railway.

Powered by Capital Market - Live News

Lloyds Metals & Energy to hold board meeting
Jul 06,2017

Lloyds Metals & Energy will hold a meeting of the Board of Directors of the Company on 18 July 2017.

Powered by Capital Market - Live News

Multi Commodity Exchange of India to hold board meeting
Jul 06,2017

Multi Commodity Exchange of India will hold a meeting of the Board of Directors of the Company on 13 July 2017.

Powered by Capital Market - Live News

Oriental Hotels to hold board meeting
Jul 06,2017

Oriental Hotels will hold a meeting of the Board of Directors of the Company on 25 July 2017.

Powered by Capital Market - Live News

Prakash Industries to hold board meeting
Jul 06,2017

Prakash Industries will hold a meeting of the Board of Directors of the Company on 17 July 2017.

Powered by Capital Market - Live News

SIL Investments to hold board meeting
Jul 06,2017

SIL Investments will hold a meeting of the Board of Directors of the Company on 17 July 2017.

Powered by Capital Market - Live News

Grand Foundry to hold board meeting
Jul 06,2017

Grand Foundry will hold a meeting of the Board of Directors of the Company on 13 July 2017.

Powered by Capital Market - Live News

Hero MotoCorp to hold board meeting
Jul 06,2017

Hero MotoCorp will hold a meeting of the Board of Directors of the Company on 25 July 2017.

Powered by Capital Market - Live News