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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

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Board of Nicco Parks & Resorts recommends dividend
Feb 13,2017

Nicco Parks & Resorts announced that the Board of Directors of the Company at its meeting held on 11 February 2017, inter alia, have recommended the dividend of Rs 0.15 per equity Share (i.e. 15%) , subject to the approval of the shareholders.

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Gangotri Cement to hold board meeting
Feb 13,2017

Gangotri Cement will hold a meeting of the Board of Directors of the Company on 14 February 2017, to consider, approve, and take on record the Un-audited Financial results of the Company for the Quarter and nine months ended on 31 December 2016.

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Ace Men Engg Works to hold board meeting
Feb 13,2017

Ace Men Engg Works will hold a meeting of the Board of Directors of the Company on 17 February 2017.

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Board of Jullundur Motor Agency (Delhi) recommends dividend
Feb 13,2017

Jullundur Motor Agency (Delhi) announced that the Board of Directors of the Company at its meeting held on 10 February 2017, inter alia, have recommended the dividend of Rs 4 per equity Share (i.e. 40%) , subject to the approval of the shareholders.

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Bring in Land & Real Estate within GST Purview & Keep Consumer Durables at Lower Rates Post GST: Manish Sisodia
Feb 13,2017

Deputy Chief Minister and Minister of Finance, Government of NCT of Delhi, Manish Sisodia on Thursday demanded that land and real estate ought to be brought in within the ambit of GST and its taxation slab for vast majority of consumer durables be kept at lower ceilings to make GST a mass friendly taxation.

The Minister assured India Inc. that he would still take up the aforesaid issues in the forthcoming GST Council meetings as he felt that land and real estate being outside purview of GST and that higher taxation slab for consumer durables would kill its basic purpose.

Addressing a n++National GST Conclave : One Nation One Tax-Pivotal Tax Reformsn++ organized by the PHD Chamber of Commerce and Industry, Mr. Sisodia also declared that dual control of GST also defeated its intended objectives and sought more intense consultations on the issue in future course of GST Council, arguing that the objective of the GST should be consumer and traders oriented and it should not entirely aim at raising taxation with higher rates.

n++I fought tooth and nail for inclusion of land and real estate within the ambit of GST but somehow there couldnt be an absolute consensus on the issue at number of GST Council Meetings of all the States Finance Ministers because of obvious reasons. I will still try for its inclusion in GST as land and real estate has received huge investments both outside and inside the countryn++, the Minister pointed out making a prophecy that the future generations will suffer its pain in the long run if land and real estate remain outside purview of GST.

n++Consumer durables such as TV, Mobiles, electric appliances and host of similar such articles should not be taxed luxuriously. That is our view and we will continue to articulate them whenever necessary in the interest of Aam Aadmi though the GST tax rates have yet to be finalizedn++, said Mr. Sisodia.

Chairman, CBEC, Mr. Najib Shah in his remarks, emphasized asking industry not to keep seeking exemptions under the GST regime as most of such exemptions would go away after it is put in place after July 1st although the deciding authority on doing away with exemptions post GST and fixing its rates would be the prerogative of the GST Council.

The Chairman also clarified that the anti-profiteering clause in GST Law is there as an enabler and industry should not read too much on it, promising that post GST host of indirect taxes would subsume in it making the new law user friendly.

President, PHD Chamber, Mr. Gopal Jiwarajka in his welcome remarks, demanded to know the justification of anti-profiteering clause in GST regime though he felt that post GST, indirect taxation would be by and large compliant by all sections of society and pave the way for higher revenue generation for the government.

In his opening remarks, Chairman, Indirect Taxes Committee, PHD Chamber, Mr. Bimal Jain said that for implementation of GST Law by July 1, find GST Law with Rules made public for impact and IT preparedness as also 4-tier rates classification of goods list be provided. Training and awareness programme should be conducted for both government officials and trade for better implementation of GST so that it becomes seamless and easier for its timely implementation.

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Suzlon Energy jumps after robust Q3 numbers
Feb 13,2017

The result was announced after market hours on Friday, 10 February 2017.

Meanwhile, the BSE Sensex was down 50.53 points, or 0.18%, to 28,283.72.

On the BSE, so far 1.66 crore shares were traded in the counter, compared with average daily volumes of 50.98 lakh shares in the past one quarter. The stock had hit a high of Rs 19.10 and a low of Rs 17.90 so far during the day.

The stock hit a 52-week high of Rs 19.10 on 12 July 2016. The stock hit a 52-week low of Rs 12.47 on 9 November 2016. The stock had outperformed the market over the past 30 days till 10 February 2017, rising 13.31% compared with the 3.99% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 18.13% as against Sensexs 5.65% decline.

The mid-cap company has equity capital of Rs 1004.88 crore. Face value per share is Rs 2.

Suzlon Energys consolidated net sales rose 75.68% to Rs 3307.48 crore in Q3 December 2016 over in Q3 December 2015.

Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) rose 124% to Rs 745 crore in Q3 December 2016 over in Q3 December 2015.

Consolidated net term debt (excluding foreign currency convertible bond or FCCB) was reported at Rs 6538 crore. Working capital debt was reported at Rs 3167 crore.

The companys consolidated order book stood at 1,231 megawatts (MW) valued at Rs 7523 crore.

The Suzlon Group is one of the leading renewable energy solutions providers in the world with an international presence across 19 countries in Asia, Australia, Europe, Africa and North and South America.

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Board of AIA Engineering declares interim dividend of Rs 4 per share
Feb 13,2017

AIA Engineering announced that the Board of Directors of the Company at its meeting held on 13 February 2017, inter alia, has declared Interim Dividend of Rs. 4.00 per share (200%) per Equity Share on 9,43,20,370 Equity Shares of Rs. 2.00 each for the Financial Year 2016-17.

The above dividend is expected to paid/dispatched on or before 10 March 2017.

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Indo Count Industries fixes record date for interim dividend
Feb 13,2017

Indo Count Industries has fixed 23 February 2017 as the Record Date for the purpose of Payment of Interim Dividend. The said Interim Dividend will be credited/dispatched to the members by 07 March 2017.

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Board of Veto Switchgears & Cables declares interim dividend of 10%
Feb 13,2017

Veto Switchgears & Cables announced that the Board of Directors of the Company at their meeting held on 13 February 2017, has inter-alia, consented to the following:

1. Declared Interim Dividend of Re. 1 per share having face value of Rs. 10/- per share (i.e. 10%) for the Financial Year 2016-17.

2. Confirmed the relieve and resignation of Murlidhar Kaurani, Independent Director.

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Board of Suprajit Engineering declares interim dividend of 50%
Feb 13,2017

Suprajit Engineering Ltd has informed BSE that the Board of Directors of the Company at its meeting held on 13 February 2017, inter alia, has declared an Interim Dividend of Re. 0.50 per share of Re. 1/- each (50%) for the year 2016-17.

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Suprajit Engineering fixes record date for interim dividend
Feb 13,2017

Suprajit Engineering has fixed 23 February 2017 as the Record Date for the purpose of Payment of Interim Dividend.

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SRF tops losers on BSEs A group
Feb 13,2017

SRF slipped 10% at Rs 1576.95. The stock topped the losers in A group. On the BSE, 54,000 shares were traded on the counter so far as against the average daily volumes of 13,000 shares in the past two weeks.

Bank of Baroda slipped 9.15% at Rs 170.85. The stock was the second biggest loser in A group. On the BSE, 22.04 lakh shares were traded on the counter so far as against the average daily volumes of 11.31 lakh shares in the past two weeks.

IFCI slipped 7.77% at Rs 28.50. The stock was the third biggest loser in A group. On the BSE, 11.56 lakh shares were traded on the counter so far as against the average daily volumes of 27.78 lakh shares in the past two weeks.

PTC India slipped 6.58% at Rs 85.15. The stock was the fourth biggest loser in A group. On the BSE, 3.37 lakh shares were traded on the counter so far as against the average daily volumes of 2.41 lakh shares in the past two weeks.

Unitech slipped 5.95% at Rs 6.17. The stock was the fifth biggest loser in A group. On the BSE, 42.05 lakh shares were traded on the counter so far as against the average daily volumes of 1.74 lakh shares in the past two weeks.

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Uttam Sugar Mills sweetens after turnaround Q3 earnings
Feb 13,2017

The result was announced after market hours on Friday, 10 February 2017.

Meanwhile, the S&P BSE Sensex was down 16.34 points, or 0.06%, to 28,317.91.

On the BSE, 42,000 shares were traded on the counter so far as against the average daily volumes of 46,530 shares in the past one quarter. The stock had hit a high of Rs 103.10 and a low of Rs 99.50 so far during the day.

The stock had hit a 52-week high of Rs 103.50 on 10 February 2017 and a 52-week low of Rs 16.55 on 17 February 2016. The stock had outperformed the market over the past one month till 10 February 2017, advancing 26.46% compared with the Sensexs 5.33% rise. The scrip had also outperformed the market over the past one quarter advancing 86.51% as against the Sensexs 2.97% rise.

The small-cap company has equity capital of Rs 38.14 crore. Face value per share is Rs 10.

Uttam Sugar Mills net sales fell 4.81% to Rs 225.77 crore in Q3 December 2016 over Q3 December 2015.

Uttam Sugar Mills is engaged in production of sugar, ethanol and generation of power. The company operates in three business segments: sugar, cogeneration and distillery

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NRB Bearings to pay interim dividend
Feb 13,2017

NRB Bearings announced that interim dividend of Rs.1.40/- per equity share of Rs. 2/- each will be paid/dispatched to the shareholders on or before 13 March 2017.

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NRB Bearings declares interim dividend of Rs 1.40 per share
Feb 13,2017

NRB Bearings announced that at the board meeting held on 13 February 2017, the Board has approved the following:

- Declaration of interim dividend for the Financial Year 2016-2017 @Rs. 1.40/- per equity share of Rs. 2/- each.

The interim dividend of Rs.1.40/- per equity share of Rs. 2/- each will be paid/dispatched to the shareholders on or before 13 March 2017.

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