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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 P I Industries approves change in directorate
Oct 06,2016

P I Industries announced that the Board of Directors of the Company at its meeting held on 05 October 2016, has considered and approved the following business items:

1. Appointment of Arvind Singhal as an Additional Director on the Board of the Company.

2. Appointment of Narayan K. Seshadri, an Independent Director as Non-Executive Chairman on the Board of the Company.

3. Entering into an advisory contract with Salil Singhal as approved by the Audit Committee, subject to approval from the shareholders through postal ballot process.

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Caplin Point moves north after setting record date for stock split
Oct 06,2016

The announcement was made after market hours yesterday, 5 October 2016.

Meanwhile, the S&P BSE Sensex was up 94.33 points or 0.33% at 28,315.31.

On BSE, so far 775 shares were traded in the counter as against average daily volume of 3,507 shares in the past one quarter. The stock hit a high of Rs 1,405 and a low of Rs 1,384.10 so far during the day. The stock had hit a 52-week high of Rs 1,582 on 4 January 2016. The stock had hit a 52-week low of Rs 835.25 on 12 February 2016. The stock had outperformed the market over the past one month till 5 October 2016, advancing 12.21% compared with 1.09% fall in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 29.44% as against Sensexs 3.88% rise.

The small-cap company has equity capital of Rs 15.11 crore. Face value per share is Rs 10.

On a consolidated basis, Caplin Point Laboratories net profit rose 27.58% to Rs 16.14 crore on 21.31% growth in net sales to Rs 85.08 crore in the quarter ended 30 June 2016 over the quarter ended 30 June 2015.

Caplin Point Laboratories is a pharmaceutical company, catering predominantly to emerging markets of Latin America and Africa.

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NMDC gains after raising iron ore prices
Oct 06,2016

The announcement was made after market hours yesterday, 5 October 2016.

Meanwhile, the BSE Sensex was up 91.84 points, or 0.33%, to 28,312.82.

On BSE, so far 4.79 lakh shares were traded in the counter, compared with average daily volume of 3.41 lakh shares in the past one quarter. The stock hit a high of Rs 116.35 and a low of Rs 113.20 so far during the day. The stock hit a 52-week high of Rs 116.70 on 8 September 2016. The stock hit a 52-week low of Rs 75.20 on 12 February 2016. The stock had outperformed the market over the past 30 days till 5 October 2016, rising 4.16% compared with 2.61% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 16.46% as against Sensexs 3.75% rise.

The large-cap company has equity capital of Rs 396.47 crore. Face value per share is Re 1.

NMDC said it raised lump ore prices by 23.53% to Rs 2,100 per wet metric tonne (WMT) in October 2016 compared with Rs 1,700 per WMT in September 2016. Price of fines was raised by 20.55% to Rs 1,760 per WMT in October 2016 compared with Rs 1,460 per WMT in September 2016.

Net profit of NMDC declined 29.9% to Rs 711.34 crore on 4.7% decline in net sales to Rs 1720.65 crore in Q1 June 2016 over Q1 June 2015.

NMDC is Indias largest public sector iron ore producer. As per the shareholding pattern, Government of India (GoI) holds 80% stake in NMDC as on 30 June 2016.

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US stocks end higher for first time in three sessions
Oct 06,2016

U.S. stocks closed higher on Wednesday, 05 October 2016 by trading off session highs as they rebounded from losses of the past two sessions, fueled by rising oil prices. A resurgent services sector also helped to lift demand for equities and other assets perceived as risky. Wednesday marked the first finish in positive territory for the main U.S. stock-index benchmarks this week.

The Dow Jones Industrial Average finished up 112.58 points, or 0.6%, at 18,281.03, topped by more than 2% gains in both Caterpillar and Goldman Sachs Group. The Nasdaq Composite Index rose 26.36 points, or 0.5%, to end at 5,316.02. The S&P 500 index added 9.24 points, or 0.4%, to close at 2,159.73.

Seven sectors settled in the green with financials, energy, and materials leading the advance. The financials and energy sectors led the gainers, while telecom, utilities and real estate, weighed on the index.

Todays economic data included weekly MBA Mortgage Index, ADP Employment Report for September, August Trade Balance, Factory Orders for August, and ISM Services for September.

The MBA Mortgage Index indicated that mortgage applications rose 2.9% in the week ending October 1. This followed a 0.7% decline in the prior week.

The Trade balance report for August showed a widening in the deficit to $40.7 billion (consensus -$39.1 billion) from $39.5 billion in July. Factory orders increased 0.2% in August (consensus +0.1%) following a downwardly revised 1.4% increase (from 1.9%) in July. Total manufacturing shipments were unchanged after declining 0.4% in July. The ISM Non-Manufacturing PMI increased to 57.1 in September from 51.4 in August. September marked the highest reading for the index since October 2015.

Amid a flood of U.S. economic reports, Automatic Data Processing Inc. reported that private-sector employers added 154,000 jobs last month, down from 175,000 in August. ADPs jobs reading is considered an important indicator of labor-market health, though it is rarely predictive of the Labor Departments nonfarm-payrolls report, one of the most widely watched pieces of U.S. economic data. The governments September jobs report is due Friday morning.

Treasuries finished near their worst levels as yields rose through the curve. The yield on the 2-yr note increased one basis point (0.83%) while the yield on the benchmark 10-yr note rose two basis points (1.70%).

Todays participation was above the recent average as more than 962 million shares changed hands on the NYSE floor.

U.S.traded oil futures flirted with $50 a barrel for the first time since June, settling up 2.3% at $49.83 a barrel. Gold futures slipped, settling down 0.1% at $1,268.60 an ounce, as did a key dollar index after the ISM data.

Tomorrows economic data will be limited to September Challenger Job Cuts and weekly initial claims (consensus 258k), which will be released at 7:30 ET and 8:30 ET, respectively.

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Phillips Carbon Black gains after board OKs amalgamation of subsidiary
Oct 06,2016

The announcement was made after market hours yesterday, 5 October 2016.

Meanwhile, the BSE Sensex was up 86.46 points, or 0.31%, to 28,307.44.

On BSE, so far 1.03 lakh shares were traded in the counter, compared with average daily volume of 1.44 lakh shares in the past one quarter. The stock hit a high of Rs 281.90 and a low of Rs 275.35 so far during the day. The stock hit a 52-week high of Rs 281.90 on 6 October 2016. The stock hit a 52-week low of Rs 80.10 on 29 February 2016. The stock had outperformed the market over the past 30 days till 5 October 2016, rising 5.76% compared with 2.61% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 60.23% as against Sensexs 3.75% rise.

The small-cap company has equity capital of Rs 34.47 crore. Face value per share is Rs 10.

Phillips Carbon Black announced that its board approved scheme of amalgamation between Phillips Carbon Black and Goodluck Dealcom, a wholly-owned subsidiary of company.

The proposal is subject to satisfaction of various conditions, including obtaining necessary approvals from the shareholders and regulatory authorities including Securities and Exchange Board of India (Sebi), stock exchanges and sanction of scheme by the concerned High Courts and / or any other appropriate authority as be may necessary, the company said in a statement.

Net profit of Phillips Carbon Black rose 302.01% to Rs 12.02 crore on 10.3% decline in net sales to Rs 477.80 crore in Q1 June 2016 over Q1 June 2015.

Phillips Carbon Black is Indias largest and globally seventh largest carbon black producer. It provides a complete portfolio of products to meet the specific end requirements across rubber, plastics, coatings, inks and other niche industries globally.

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Yes Bank declines on reports of Sebis initial probe into banks QIP fiasco
Oct 06,2016

Meanwhile, the S&P BSE Sensex was up 90.54 points or 0.32% at 28,311.52.

On BSE, so far 1.81 lakh shares were traded in the counter as against average daily volume of 2.54 lakh shares in the past one quarter. The stock hit a high of Rs 1,268.70 and a low of Rs 1,229 so far during the day. The stock had hit a 52-week low of Rs 632.25 on 20 January 2016. The stock had hit a record high of Rs 1,450 on 7 September 2016. The stock had underperformed the market over the past one month till 5 October 2016, sliding 7.82% compared with 1.09% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 13.63% as against Sensexs 3.88% rise.

The large-cap bank has equity capital of Rs 421.66 crore. Face value per share is Rs 10.

According to reports, initial investigations by the stock market regulator Securities & Exchange Board of India (Sebi) found that Yes Bank had violated key norms of the listing obligations and disclosure rules (LODR) relating to misrepresentation of facts and adequate disclosure before it proceeded with the qualified institutional placement (QIP) last month. It may be recalled that Yes Bank had announced on 8 September 2016 its decision to defer the earlier planned QIP of shares citing extreme volatility during trading day on 8 September 2016 because of misinterpretation of new QIP guidelines. The bank had on 7 September 2016 announced opening of QIP of equity shares of face value Rs 10 each to raise up to $1 billion. Yes Bank had fixed Rs 1,371.84 per share as the floor price at that time.

Meanwhile, in its clarification issued to the stock exchanges during market hours today, 6 October 2016, Yes Bank said that as a matter of policy, it does not comment on such speculative stories.

Yes Banks net profit rose 32.8% to Rs 731.80 crore on 25.4% growth in total income to Rs 4762.83 crore in Q1 June 2016 over Q1 June 2015.

Yes Bank is one of the leading private sector banks in India.

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Festive mood uplift: Medium term outlook for Indian FMCG bright; to reach $ 104 bln by 2020: study
Oct 06,2016

In the midst of ringing cash registers on the back of festive sale, an ASSOCHAM-TechSci Research report has projected more than doubling of Indias market for the fast moving consumer goods to $104 billion by 2020 from the present level of $49 billion, growing at an impressive compounded annual growth rate of 20.6 per cent.

The optimism is based on steady economic growth, increasing share of organised retail, improving awareness about health and ethnic products being launched by the likes of Patanjali while a favourable demographic dividend is already given. n++It is certainly good news for giving a much-needed consumption boost to the economy, said ASSOCHAM Secretary General Mr D S Rawat.

Currently, India accounts for a share of just 0.68% of the Global FMCG market, this share is expected to increase significantly over the next 5 years mainly due to the macroeconomic factors such as improving demographics, rising disposable income, expansion of organised retail in tier II & III cities in India, changing consumer preferences etc, according to the study titled Indian FMCG Market 2020.

Major FMCG markets include USA, China, European Union, Japan etc. Globally, the FMCG sector is expected to grow at a CAGR of 4.4%, which when compared to India is a lot slower. Many foreign FMCG multinationals have established themselves in India.

Globally, the FMCG companies have now shifted their focus on E-commerce due to the increasing mobile internet penetration. Globally, the share of online sales of FMCG products accounted for around 5% in 2015, which is relatively higher than India where online FMCG sales accounted for a share of just 1-2% of the overall FMCG market in 2015.

The global economic growth has been decelerating as several large economies face decreasing economic growth, primarily China and the Eurozone, as well as a few key emerging markets like Brazil and Russia. This offers an advantage to India which has a significantly better economic condition.

Indian FMCG sector had a market size of USD43.08 billion in 2015. Well-established distribution networks, as well as intense competition between the organised and unorganised segments are the characteristics of this sector. The FMCG market in India is anticipated to grow at a significantly high CAGR during the forecast period and is expected to cross USD100 billion mark by 2020. FMCG in India has a strong distribution presence across the entire value chain.

The fast-moving consumer goods (FMCG) sector is an important contributor to Indias GDP growth. The sector includes food & dairy products, packaged food products, household products, drinks and others.

FMCG is the fourth largest sector in Indian economy and provides employment to around 3 million people accounting for approximately 5% of the total factory employment in India. The sector is characterized by strong presence of leading multinational companies, competition between organized and unorganized players, well established distribution network, and low operational cost.

The growth in the countrys FMCG sector is being fuelled by improving scenario in both demand as well as supply side. The major demand side drivers include growing affluence and appetite for consumption of the Indian consumer, growing youth population, rise in per capita expenditure, and increasing brand consciousness.

On the other hand, easier import of materials and technology, reduced barriers to entry of foreign players, and new product development, rapid real estate infrastructure development and improvement in supply chain efficiency are the major supply side drivers for the sector.

The growth of the FMCG sector, which primarily includes Food & beverages, personal care and household care has been driven in both the rural and urban segments. Rural consumption growth has outpaced urban consumption with the increase in percentage in monthly per capita expenditure in rural markets surpassing its urban counterparts over the past five years. Several government measures such as GST Bill, Food Security Bill and FDI in retail sector are expected to have a significant positive impact on the countrys FMCG sector in the coming years.

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Board of Sir Shadi Lal Enterprises appoints directors
Oct 06,2016

Sir Shadi Lal Enterprises announced that the Board of Directors of the Company at its meeting held on 26 September 2016 has appointed Lakshmi Kant Jhunjhunwala and Sidhart Prasad as Additional Directors.

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Saka to hold AGM
Oct 06,2016

Saka announced that the 34th Annual General Meeting(AGM) of the company on 26 September 2016.

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Mahindra Holidays & Resorts India to hold board meeting
Oct 06,2016

Mahindra Holidays & Resorts India will hold a meeting of the Board of Directors of the Company on 28 October 2016 to consider and approve the Unaudited Financial Results for the quarter and half year ended September 30, 2016 amongst other routine matters.

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Bombay Wire Ropes to hold board meeting
Oct 06,2016

Bombay Wire Ropes will hold a meeting of the Board of Directors of the Company on 21 October 2016 to approve and take on record the Un-audited Financial Results for the quarter ended September 30, 2016.

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Hybrid Financial Services to hold board meeting
Oct 06,2016

Hybrid Financial Services will hold a meeting of the Board of Directors of the Company on 20 October 2016 to consider, approval of the Unaudited Financial Results for the Quarter / Half Year Ended September 30, 2016.

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BNK Capital Markets to hold board meeting
Oct 06,2016

BNK Capital Markets will hold a meeting of the Board of Directors of the Company on 27 October 2016 to consider the Un-Audited Financial Results for the 2nd quarter ended on September 30, 2016.

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Jaiprakash Associates to hold board meeting
Oct 06,2016

Jaiprakash Associates will hold a meeting of the Board of Directors of the Company on 6 October 2016 to apprise the Board of the recommendations of the Restructuring Committee and the progress on the various divestment initiatives of the Company.

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Chennai Ferrous Industries to hold AGM
Oct 06,2016

Chennai Ferrous Industries announced that the th Annual General Meeting(AGM) of the company on 30 September 2016.

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