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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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Facor Alloys reports standalone net profit of Rs 5.97 crore in the March 2017 quarter
May 15,2017

Net profit of Facor Alloys reported to Rs 5.97 crore in the quarter ended March 2017 as against net loss of Rs 3.61 crore during the previous quarter ended March 2016. Sales rose 283633.33% to Rs 85.12 crore in the quarter ended March 2017 as against Rs 0.03 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 0.46 crore in the year ended March 2017 as against net loss of Rs 14.24 crore during the previous year ended March 2016. Sales rose 11634.51% to Rs 132.60 crore in the year ended March 2017 as against Rs 1.13 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales85.120.03 283633 132.601.13 11635 OPM %15.43-13033.33 -12.13-1671.68 - PBDT9.06-5.33 LP 2.50-19.61 LP PBT8.35-6.08 LP -0.08-22.63 100 NP5.97-3.61 LP 0.46-14.24 LP

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Optimus Finance reports standalone net profit of Rs 0.04 crore in the March 2017 quarter
May 15,2017

Net profit of Optimus Finance reported to Rs 0.04 crore in the quarter ended March 2017 as against net loss of Rs 0.22 crore during the previous quarter ended March 2016. Sales declined 32.91% to Rs 0.53 crore in the quarter ended March 2017 as against Rs 0.79 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 0.37 crore in the year ended March 2017 as against net loss of Rs 0.37 crore during the previous year ended March 2016. Sales rose 139.56% to Rs 4.36 crore in the year ended March 2017 as against Rs 1.82 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.530.79 -33 4.361.82 140 OPM %33.96-24.05 -14.22-12.09 - PBDT-0.01-0.22 95 0.32-0.32 LP PBT-0.01-0.22 95 0.32-0.32 LP NP0.04-0.22 LP 0.37-0.37 LP

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Board of DE Nora India recommends final dividend
May 15,2017

DE Nora India announced that the Board of Directors of the Company at its meeting held on 8 May 2017, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 20%) , subject to the approval of the shareholders.

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Australia Stocks edge up at close
May 15,2017

Australian equity market ended edge higher on Monday, 15 May 2017, as risk sentiment supported by bargain hunting in top lenders after last weeks heavy selling due to the federal government proposal a new levy on their liabilities. Meanwhile, rise in energy companies with a jump in oil prices also helped lift the market. The S&P/ASX 200 ticked up 1.5 points to 5838.4.

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Japan Stocks falls on strong yen, weak global cues
May 15,2017

The Japan share market finished session lower on Monday, 15 May 2017, on tracking weak lead from Wall Street on Friday and as comparatively firm yen against the U.S. dollar. However, gains in realtors and other domestic demand-oriented names as well as in issues with brisk corporate earnings helped limit the markets downside. In addition, the market was supported by hopes for exchange-traded fund purchases by the Bank of Japan. The 225-issue Nikkei average fell 14.05 points, or 0.07%, to end at 19,869.85. The Topix index of all first-section issues finished down 0.71 point, or 0.04%, at 1,580. Falling issues outnumbered rising ones 1,057 to 854 in the TSEs first section, while 104 issues were unchanged. Volume decreased to 2.155 billion shares from Fridays 2.248 billion shares.

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Rupee march continues
May 15,2017

Rupee closed higher at 64.17/1750 per dollar on Monday (15 May 2017), versus its previous close of 64.4350/4375 per dollar last Friday.

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China Stocks up for 3rd day in row
May 15,2017

The Mainland China equity market closed higher on Monday, 15 May 2017, as risk sentiments got boosted by calming concerns over tighter financial regulations and liquidity after government soothing comments. Also market sentiment boosted by the Belt and Road Forum for International Cooperation held in Beijing on Sunday and Monday. However, market upside was capped by Chinas disappointing factory activity and investment data that deepened worries of renewed economic slowdown. Most sectors gain ground, led by defensive consumer and health care stocks. The blue-chip CSI300 index rose 0.4 per cent to 3,399.19 points, while the Shanghai Composite Index added 0.2 per cent to 3,090.23 points. The smaller Shenzhen Component Index closed 0.59 percent higher at 9,845.6 points. The ChiNext Index, Chinas NASDAQ-style board of growth enterprises, ended 0.23 percent higher to close at 1,778.64 points.

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Hong Kong Stocks gain for sixth day
May 15,2017

The Hong Kong stock market finished session nearly two year high on Monday, 15 May 2017, as investor sentiment lifted by optimism that regulators will temporarily soften their clean-up of the financial industry and continuous inflows from mainland China. However, topside was capped on news of the weekends North Korean missile test and a global cybersecurity attack. Most sectors rose with financial and energy shares among the biggest gainers. The Hang Seng Index, the citys benchmark, rose for a fifth straight trading day, up 0.9% or 215.3 points to close Monday at 25,371.6, the highest level since July 24, 2015, while the Hang Seng China Enterprises Index of Chinese companies trading in the city, added 1.6%, or 167.7 points, to 10,450.4. Turnover increased to HK$81.3 billion from HK$75 billion on Friday.

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FPIs on buying spree
May 15,2017

Foreign portfolio investors (FPIs) bought stocks worth a net Rs 914.38 crore from the secondary equity markets on 12 May 2017, lower than net inflow of Rs 1426.59 on 11 May 2017.

The net inflow of Rs 914.38 crore on 12 May 2017 was a result of gross purchases of Rs 4780.85 crore and gross sales of Rs 3866.47 crore.

There was a net inflow of Rs 1.67 crore into the category primary market & others on 12 May 2017, which was a result of gross purchases of Rs 1.67 crore and nil gross sales.

FPIs have purchased stocks worth a net Rs 558.36 crore into the secondary equity markets in May 2017 so far (till 12 May 2017). They sold stocks worth a net Rs 1645.32 crore in April 2017.

FPIs have purchased shares worth a net Rs 35400.51 crore from the secondary equity markets in calendar year 2017 so far (till 12 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 647.49 crore from the category primary market & others in May 2017 so far (till 12 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 7831.41 crore from the category primary markets & others in calendar year 2017 so far (till 12 May 2017). The net inflow from FPIs into the category primary markets & others had totaled Rs 8471.76 crore in calendar year 2016.

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NHAI signs MoU with TIDCO for Development of Multimodal Logistics Park in Tamil Nadu
May 15,2017

The National Highways Authority of India signed an MoU with the Tamil Nadu Industrial Development Corporation Limited (TIDCO) for the development of a Multimodal Logistics Park in the Ponneri Industrial Node area near Kamarajar Port in Tamil Nadu. The MoU was signed in the presence of the Road Transport and Highways and Shipping Minister Shri Nitin Gadkari and Shri M.C. Sampath, Minister for Industries of Tamil Nadu government.

Speaking on this occasion, Shri Gadkari said that it is an important agreement for the development of an integrated, multi-modal transport infrastructure in the country.

The Ministry of Road Transport and Highways is planning to develop Mutimodal Logistics Parks in under its Logistics Efficiency Enhancement Programme (LEEP) in 15 locations all over India at a cost of Rs 33,000 crore, including Rs 1295 crores investment for the Chennai Region. The proposed logistics parks will bring down the overall freight costs, reduce vehicular pollution and congestion and will enable reduction of warehousing costs. All this is expected to result in lower logistics costs.

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Board of Kriti Nutrients recommends final dividend
May 15,2017

Kriti Nutrients announced that the Board of Directors of the Company at its meeting held on 11 May 2017, inter alia, have recommended the final dividend of Rs 12 per equity Share (i.e. 0.12%) , subject to the approval of the shareholders.

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Shashank Traders to hold board meeting
May 15,2017

Shashank Traders will hold a meeting of the Board of Directors of the Company on 30 May 2017, to inter-alia, consider and approve the Audited Financial Results of the Company for the Quarter and Financial Year ended on 31 March 2017

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Max India to hold EGM
May 15,2017

Max India announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 10 June 2017 .

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V.O. Chidambaranar Port Trust and TANGEDCO Sign MoU to upgrade Coal Jetty-I&II
May 15,2017

V.O. Chidambaranar Port is all set for a four-fold increase in the capacity of two of its Coal Jetties - Jetty I and II from 6.25 MTPA to 24 MTPA. The VOCP Trust signed a Memorandum of Understanding with Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) for the upgradation of Coal Jetty I and II in New Delhi today. The Minister of Shipping and Road Transport and Highways Shri Nitin Gadkari and Minister for Electricity, Prohibition and Excise, Government of Tamil Nadu Shri P. Thangamani were present on the occasion.

Speaking on the occasion, Shri Gadkari said that the project would benefit both TANGEDCO and the VOCPT. It would make coal handling by the jetties much more voluminous and efficient, and thus bring down logistics costs. He said this would also allow for cheaper production of electricity, which would be very beneficial for industrial growth.

With the upgradation of the coal jetties, TANGEDCO will be able to handle additional volume of coal cargo for the upcoming new power plants in Uppur and Kadaladi in Ramanathapuram district in Tamil Nadu. In addition to this, there will be quicker turnaround of vehicles with the deployment of high tech handling equipments like two ship unloaders, each with a minimum 2000 TPH capacity and a high capacity conveyor system of 4000 TPH. This enhancement of handling capacity and upgradation of infrastructure will result in reduction of logistics costs. TANGEDCO will therefore be able to utilize the services of the Port in a more cost-effective way. With the power generation from TANGEDCOs Tuticorin plants being linked to the National Grid, this would enable availability of additional power at reduced costs, which, in turn, can fuel industrial growth and employment generation.

The project is the outcome of Ministry of Shippings Project Unnati, under which a study, Unlocking National Ports Potential was done to improve the handling capacity of CJ-I & II. The estimated cost for upgrading CJ-I & II is about Rs.800 Cr. As per the MoU, initially Coal Jetty-I will be upgraded in about 24 months by constructing a new Coal Jetty-I of 300m x25m along with repair of the existing CJ-I. CJ -II will be upgraded thereafter. The upgradation will give a competitive edge to VOC Port and will help it maintain its lead position in coal handling.

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Indian Navy and Space Application Centre, Ahmedabad Sign Memorandum of Understanding
May 15,2017

Vice Admiral SN Ghormade, AVSM, NM, Director General Naval Operations and Mr Tapan Misra, Director, Space Application Centre (SAC) signed a Memorandum of Understanding on Data Sharing and Scientific cooperation in the field of Meteorology and Oceanology on 15 May 2017 at SAC, Ahmedabad. With this initiative, both the organisations have embarked on a common platform of mutual cooperation, wherein the scientific advancements and expertise achieved by SAC would be synergised into the Indian Naval efforts to keep the Nations Defence Forces in step with rapid development in the field of Environment Sciences and Satellite Data acquisition technology. This has further boosted the already established collaboration between the two organisations.

The broad areas of cooperation include, sharing of non-confidential observational data for pre-launch sensor calibration and post launch satellite data validation, operational use of SAC generated weather products, provisioning expertise for installation of various satellite data processing modules at Naval METOC organisations, carrying out calibration and validation for ocean models, transfer of technology to generate weather information, training on latest technology and sharing of subject matter experts between the organisations for effective knowledge transfer.

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