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

Board of LG Balakrishnan & Bros recommends final dividend
May 09,2017

LG Balakrishnan & Bros announced that the Board of Directors of the Company at its meeting held on 6 May 2017, inter alia, have recommended the final dividend of Rs 7 per equity Share (i.e. 70%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Sea TV Network CFO resigns
May 09,2017

Sea TV Network announced that Ravi Shrivastava has tendered his resignation as the CFO of the Company with effect from 08 May 2017.

Powered by Capital Market - Live News

Board of Chembond Chemicals recommends final dividend
May 09,2017

Chembond Chemicals announced that the Board of Directors of the Company at its meeting held on 6 May 2017, inter alia, have recommended the final dividend of Rs 1.65 per equity Share (i.e. 33%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Board of Gati recommends final dividend
May 09,2017

Gati announced that the Board of Directors of the Company at its meeting held on 6 May 2017, inter alia, have recommended the final dividend of Rs 0.8 per equity Share (i.e. 40%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Atul intimates of execution of JV agreements with Akzo Noble Chemicals International B.V.
May 09,2017

Atul announced that the joint venture agreements have been executed between Atul, its affiliates and Akzo Noble Chemicals International B.V. on 09 May 2017.

Powered by Capital Market - Live News

Asias Dynamic Economies Continue to Lead Global Growth-IMF
May 09,2017

The Asia and Pacific region continues to deliver strong growth, in the face of widespread concerns about growing protectionism, a rapidly aging society, and slow productivity growth, according to the IMFs latest regional assessment, as per IMF Regional Economic Outlook for Asia and the Pacific.

The Regional Economic Outlook for Asia and the Pacific estimates growth for the region to increase this year to 5.5 percent from 5.3 percent in 2016. Growth will remain strong at 5.4 percent in 2018, as the region continues to be the leader of global growth.

The report also cites the more favorable global environment with growth accelerating in many major advanced and emerging market economiesn++notably the United States and commodity exportersn++as supporting Asias positive outlook. Risk appetite remains strong in global financial markets despite some bouts of capital flow volatility in late 2016.

n++The signs of growth in the region are encouraging so far. The policy challenge now is to strengthen and sustain this momentum,n++ said Changyong Rhee, Director of the IMFs Asia and Pacific Department.

Strong growth ahead

In China, the regions biggest and the worlds second largest economy, policy stimulus is expected to keep supporting demand. Although still robust with 2017 first quarter growth slightly stronger than expected, growth is projected to decelerate to 6.6 percent in 2017 and 6.2 in 2018.

This slowdown is predicated on a cooling housing market, partly reflecting recent tightening measures, weaker wage and consumption growth, and a stable fiscal deficit.

Japans growth forecast for 2017 has been raised to 1.2 percent with support from expansionary fiscal policy and the postponement of the consumption tax hike (from April 2017 to October 2019). The expansion would slow down to 0.6 percent in 2018 as the boost from the fiscal stimulus wears off.

The outlook for other Asian economies is also positive, but with some exceptions. Indias growth is expected to rebound to 7.2 percent in FY 2017-18 as the cash shortages accompanying the currency exchange initiative ease.

In most of the Southeast Asian economies, growth is expected to accelerate somewhat, supported by robust domestic demandn++an important driver of growth in these countries. Meanwhile, growth in Korea is projected to remain subdued at 2.7 percent this year despite the recent pick up in exports, mainly owing to weak consumption.

Uncertain outlook: downside risks

The regions outlook, however, is clouded with uncertainty. On the plus side, larger-than-expected fiscal stimulus in the United States or stronger business and consumer confidence in advanced economies could provide a further boost to Asias exports and growth. Reforms, such as productive public investment in infrastructure in ASEAN and South Asian economies, could help prolong the positive momentum.

But if the U.S. fiscal stimulus leads to higher-than-expected inflation pressures, the Federal Reserve could accelerate the pace of interest rate increases in response, leading to a stronger U.S. dollar.

A sudden tightening of global financial conditions could adversely impact Asian economies with high external financing needs and weak private sector balance sheets, including by triggering capital outflows and unwinding of productive investment projects.

Asian economies are especially vulnerable to protectionism because of their trade openness and integration to global value chains. A global shift toward inward-looking policies could suppress Asias exports and reduce foreign direct investment to Asia. Furthermore, a bumpier-than-expected transition in China or geopolitical tensions in the region could also weaken near-term growth.

Challenges to growth

Asia needs to tackle two longer-term challenges: population aging and slow productivity catch-up. According to the report, Asia is aging remarkably fast compared to the experience in Europe and the United States. As a population grows older, there will be fewer workers, and over time, a shrinking workforce and aging population can mean a rise in healthcare costs and pension expenditure.

This puts pressure on government budgets, and can translate into lower growth. The report estimates that over the next three decades, demographic trends could subtract 0.5 to 1 percentage point from average annual GDP growth in relatively old Asian economies such as China and Japan.

Slow productivity growth is another worry. The region has not been able to catch up to the high productivity levels of countries at the global technology frontier. Declines in trade and foreign direct investment could also be harmful to Asian economies given their vital roles in transmitting technology and promoting domestic competition.

Policies to reinforce growth

Given these challenges, macroeconomic policies should focus on supporting demand and structural reforms.

The report notes that monetary policy should stay accommodative in economies with economic slack and below-target inflation rates. Should inflation pressures gather pace, however, central banks should stand ready to raise policy rates.

Well-targeted structural reforms would help strengthen the regions resilience to external shocks and sustain strong and inclusive long-term growth. Considering Asias rapid aging, policies aimed at protecting the vulnerable elderly population and prolonging strong growth take on a particular urgency. These include measures that promote labor force participation of women and the elderly, as well as strengthening pension systems.

These policies should be supplemented by productivity-enhancing reforms. Priorities differ across Asias dynamic economies. Advanced Asian economies should focus on making research and development spending more effective and raising productivity in the services sector.

In emerging and developing economies, attracting foreign direct investment and expanding the economys capacity to absorb new technology and boost domestic investment is more urgent. These steps will help the region to build on and continue with the growth momentum.

Powered by Capital Market - Live News

Majesco allots 45136 equity shares
May 09,2017

Majesco has allotted 45136 equity shares under ESOS.

Powered by Capital Market - Live News

Carborundum Universal to pay final dividend
May 09,2017

Carborundum Universal announced that it will pay final dividend on 07 August 2017.

Powered by Capital Market - Live News

FPIs extend selling
May 09,2017

Foreign portfolio investors (FPIs) sold stocks worth a net Rs 590.86 crore into the secondary equity markets yesterday, 8 May 2017, higher than their net outflow of Rs 391.44 crore on Friday, 5 May 2017. On that day, The Sensex rose 67.35 points or 0.23% to settle at 29,926.15, its highest closing level since 4 May 2017.

The net outflow of Rs 590.86 crore on 8 May 2017 was a result of gross purchases of Rs 3354.63 crore and gross sales of Rs 3945.49 crore.

There was a net inflow of Rs 9.51 crore into the category primary market & others on 8 May 2017 which was a result of gross purchases of Rs 9.77 crore and gross sales of Rs 0.26 crore.

FPIs have sold stocks worth a net Rs 3081.98 crore into the secondary equity markets in May 2017 so far (till 8 May 2017). They sold stocks worth a net Rs 1645.32 crore in April 2017.

FPIs have purchased shares worth a net Rs 31760.17 crore from the secondary equity markets in calendar year 2017 so far (till 8 May 2017). They had purchased shares worth a net Rs 12094.42 crore from the secondary equity markets in calendar year 2016.

FPIs have purchased stocks worth a net Rs 571.98 crore from the category primary market & others in May 2017 so far (till 8 May 2017). They had bought stocks worth a net Rs 4039.81 crore from the category primary market & others in April 2017.

FPIs have purchased shares worth a net Rs 7755.90 crore from the category primary markets & others in calendar year 2017 so far (till 8 May 2017). The net inflow from FPIs into the category primary markets & others had totaled Rs 8471.76 crore in calendar year 2016.

Powered by Capital Market - Live News

P&G scales record high after fixing record date for special dividend
May 09,2017

Meanwhile, the S&P BSE Sensex was up 7.10 points, or 0.02% to 29,933.25

On the BSE, 1,655 shares were traded in the counter so far, compared with average daily volumes of 2,878 shares in the past one quarter. The stock had hit a high of Rs 8,052 during the day, which is also a record high for the counter. The stock had hit a low of Rs 7,814 in intraday trade. The stock hit a 52-week low of Rs 6,025 on 29 June 2016.

The large-cap company has equity capital of Rs 32.46 crore. Face value per share is Rs 10.

Procter & Gamble Hygiene and Health Cares net profit rose 2.65% to Rs 99.63 crore on 5.53% rise in net sales to Rs 573.87 crore in Q3 March 2017 over Q3 March 2016. The result was announced after market hours on Friday, 5 May 2017. The stock had gained 5.92% to settle at Rs 7,810.05 yesterday, 8 May 2017.

The stock offers a dividend yield of 4.53% based on its current price of Rs 7,974.40 on the BSE today, 9 May 2017. The board of Procter & Gamble Hygiene and Health Care had declared a special interim dividend of Rs 362 per equity share.

Procter & Gamble Hygiene and Health Care is an FMCG company.

Powered by Capital Market - Live News

Moodys: Productivity growth slowdown remains a sizeable risk to global growth
May 09,2017

The persistent decline in labor productivity growth, one of the key drivers of overall economic performance, corporate profitability and the government tax base, remains among the most significant risks to the outlook for global growth, says Moodys Investors Service in a new report.

Moodys expects global growth to accelerate to 3.1% this year and 3.5% in 2018 from 2.7% in 2016, as most advanced economies register stable growth and some emerging market economies regain momentum after several years of deceleration.

Despite the cyclical uptick, we expect global growth to remain significantly below pre-crisis levels in the near term, driven by slower growth in both employment and labor productivity, says Elena Duggar, an Associate Managing Director at Moodys.

While we expect productivity growth to rebound somewhat this year and next, there will be a notable impact on growth if it fails to improve, adds Duggar.

For example, should productivity growth remain at its 2016 pace of 1.2% or even at its average pace of 1.7% over 2011-2015, global growth in 2018 could be as low as 2.5% or 3% respectively, compared to Moodys current expectation of 3.5%.

Productivity growth has been slowing for a number of years, and in particular following the financial crisis. This trend is being driven by a combination of factors, including weak investment in the aftermath of the crisis due to the constrained availability of credit. A high degree of business pessimism and elevated economic and policy uncertainty has also contributed to the decline, partly by tilting investment away from higher-risk higher-return projects, which are the drivers of rising productivity growth.

Long-term trends such as population aging and the slowing growth in human capital and education are also behind the decline in productivity growth, as well as slower technology diffusion, lower dynamism of the economy, reduced technological spillovers due to the falling pace of globalization, and exhausted gains from sectoral reallocation in many countries globally.

The report examines the extent of the productivity growth slowdown across 123 countries globally, its drivers, its meaning for the economy, and why Moodys believes it remains a sizeable downside risk to global economic growth and, consequently, credit conditions.

Powered by Capital Market - Live News

Vijaya Bank vaults after stellar Q4 outcome
May 09,2017

The result was announced during market hours today, 9 May 2017.

Meanwhile, the S&P BSE Sensex was up 1.30 points at 29,927.45

On the BSE, 24.09 lakh shares were traded on the counter as against the average daily volumes of 2.69 lakh shares in the past one quarter. The stock hit a high of Rs 97.40 in intraday trade, which is 52-week high for the counter. The stock hit a low of Rs 89.90 in intraday trade. The stock had hit a 52-week low of Rs 29.65 on 1 June 2016.

The mid-cap state-run bank has equity capital of Rs 998.85 crore. Face value per share is Rs 10.

The banks gross non-performing assets (NPAs) stood at Rs 6381.78 crore as on 31 March 2017 as against Rs 6304.65 crore as on 31 December 2016 and Rs 6027.07 crore as on 31 March 2016.

The ratio of gross NPAs to gross advances stood at 6.59% as on 31 March 2017 as against 6.98% as on 31 December 2016 and 6.64% as on 31 March 2016.

The ratio of net NPAs to net advances stood at 4.36% as on 31 March 2017 as against 4.74% as on 31 December 2016 and 4.81% as on 31 March 2016.

The Government of India held 70.33% stake in the bank as at 31 March 2017.

Powered by Capital Market - Live News

Godrej Consumer Products surges after robust Q4 results
May 09,2017

The result was announced during trading hours today, 9 May 2017.

Meanwhile, the S&P BSE Sensex was up 8.24 points, or 0.03% to 29,934.39.

On the BSE, 2.08 lakh shares were traded in the counter so far, compared with average daily volumes of 10,236 shares in the past one quarter. The stock had hit a high of Rs 1,956.20 so far during the day, which is also a record high for the counter. The stock had hit a low of Rs 1,761.55 so far during the day. The stock hit a 52-week low of Rs 1,285.55 on 15 November 2016.

The stock had outperformed the market over the past one month till 8 May 2017, rising 3.53% compared with 0.74% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 11.52% as against Sensexs 5.61% rise.

The large-cap FMCG company has equity capital of Rs 34.06 crore. Face value per share is Re 1.

Consolidated EBITDA (earnings before interest, taxes, depreciation, and amortization) rose 21% to Rs 551 crore in Q4 March 2017 over Q4 March 2016.

Godrej Consumer Products said that its board approved issuing one bonus equity share of Re 1 each for every one fully paid-up equity share held (1:1).

Godrej Consumer Products is a leading FMCG company. The company is building a presence in 3 emerging markets (Asia, Africa, Latin America) across 3 categories (home care, personal wash, hair care). It ranks among the largest household insecticide and hair care players in emerging markets.

Powered by Capital Market - Live News

Delhi Metro to be extended from Najafgarh to Dhansa Bus Stand
May 09,2017

Dhansa Bus Stand in the National Capital will be connected by Delhi Metro in the next three years. Government of India has approved the 1.18 km Under Ground metro extension from Najafgarh to Dhansa Bus Stand at a cost of Rs.565 cr. This extension is scheduled for completion by Delhi Metro Rail Corporation by 2020.

Of the total cost of the project,central government will bear Rs.107 cr in the form of 50% Equity (Rs.75.50 cr) and Subordinate Debt. Japanese International Cooperation Agency (JICA) will provide Rs.323 cr while the rest will be borne by the Government of National Capital Territory of Delhi including Equity (Rs.75.50 cr) and Subordinate Debt.

Najafgarh -Dhansa Bus Stand Metro Extension is estimated to serve the travel needs of an additional 10,000 passengers per day catering to the needs of people of Nangloi, Dhansa, Bahadurgarh and the adjoining areas.

As per 2016 estimates, 3.61 lakh vehicle trips are generated at Najafgarh. Since the area between Najafgarh and Dhansa is densely populated with substantial built up areas, extension to Dhansa Bus Stand has been made Under Ground.

The 4.50 km Dwarka - Najafgarh Metro Section, approved in September, 2012 is likely to be completed by December this year.

Work on Najafgarh-Dhansa Bus Stand extension is likely to start in July this year since the line alignment survey has already been completed and tenders called for.

Powered by Capital Market - Live News

Trident declines after reporting Q4 results
May 09,2017

The result was announced during market hours today, 9 May 2017.

Meanwhile, the S&P BSE Sensex was down 11.75 points, or 0.04% at 29,937.90. The S&P BSE Mid-cap index was up 27.09 points, 0.18% at 14,819.69.

On the BSE, 13.86 lakh shares were traded on the counter so far as against the average daily volumes of 3.03 lakh shares in the past one quarter. The stock had hit a high of Rs 92.30 so far during the day, which is also its record high. The stock had hit a low of Rs 83.50 so far during the day.

The stock had hit a 52-week low of Rs 42 on 4 August 2016. The stock had outperformed the market over the past one month till 8 May 2017, advancing 11.67% compared with the Sensexs 0.74% rise. The scrip had also outperformed the market over the past one quarter advancing 27.13% as against the Sensexs 5.78% rise.

The mid-cap company has equity capital of Rs 509.58 crore. Face value per share is Rs 10.

Tridents net profit spurted 63.56% to Rs 99.66 crore on 31.9% increase in total revenue from operations to Rs 1281.10 crore in Q4 March 2017 over Q4 March 2016.

The companys bottom line growth in Q4 March 2017 was boosted by a massive jump in other income (non-operating income). Other income galloped 603% to Rs 49 crore in Q4 March 2017 over Q4 March 2016.

Shares of Trident had witnessed an impressive rally prior to the announcement of the companys results. The stock had surged 9.12% in the preceding five trading sessions to settle at Rs 90.90 yesterday, 8 May 2017, from its closing of Rs 83.30 on 28 April 2017.

Meanwhile, the company during market hours today, 9 May 2017 said that CRISIL has upgraded its rating on the long term bank facilities of Trident to CRISIL A+/stable from CRISIL A/Stable. The rating on the short-term facility has been reaffirmed at CRISIL A1.

Trident is a leading manufacturer and exporter of home textiles & paper products.

Powered by Capital Market - Live News