My Application Form Status

Check the status of your application form with Angel Broking.
Jindal Drilling & Industries standalone net profit declines 3.66% in the June 2016 quarter

Jindal Drilling & Industries standalone net profit declines 3.66% in the June 2016 quarter

Sep 14,2016

Net profit of Jindal Drilling & Industries declined 3.66% to Rs 9.48 crore in the quarter ended June 2016 as against Rs 9.84 crore during the previous quarter ended June 2015. Sales rose 11.24% to Rs 92.66 crore in the quarter ended June 2016 as against Rs 83.30 crore during the previous quarter ended June 2015.

ParticularsQuarter Ended
n++Jun. 2016Jun. 2015% Var.
Sales92.6683.3011
OPM %9.8912.74-
PBDT14.5518.68-22
PBT12.0915.01-19
NP9.489.84-4

Powered by Capital Market - Live News

Board of Asian Oilfield Services approves preferential alloment of warrants
Dec 30,2016

Asian Oilfield Services announced that the Board of Directors of the company at its meeting held on 30 December 2016 has approved the allotment of 50 lakh warrants convertible into equity shares of the company at an issue price of Rs 80 per warrant including a premium of Rs 70 per warrant on preferential basis to promoter entity - Oilmax Energy.

Powered by Capital Market - Live News

L&T Finance Holdings gains on report Harsh Mariwala buys shares
Dec 30,2016

Meanwhile, the BSE Sensex was up 231.43 points, or 0.88%, to 26,597.58.

On the BSE, so far 2.92 lakh shares were traded in the counter, compared with average daily volumes of 10.50 lakh shares in the past one quarter. The stock had hit a high of Rs 87.80 and a low of Rs 85.85 so far during the day.

The stock hit a record high of Rs 109.15 on 1 November 2016. The stock hit a 52-week low of Rs 48.30 on 12 February 2016. The stock had underperformed the market over the past 30 days till 29 December 2016, falling 5.09% compared with the 1.08% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 7.37% as against Sensexs 5.38% decline.

The large-cap company has equity capital of Rs 1754.95 crore. Face value per share is Rs 10.

According to a report, Marico chairman Harsh Mariwala, an independent board member of L&T Finance, bought 46,000 shares in the company early this week from open market.

Mariwala was quoted by the media as saying that as a board member, he had to take the relevant approvals from the board before purchasing the shares in his individual capacity. He added that it was a confirmation of the fact that he believed in the L&T Finance story.

On a consolidated basis, L&T Finance Holdings net profit rose 15.16% at Rs 248.06 crore on 16.55% growth in total income to Rs 2141.57 crore in Q2 September 2016 over Q2 September 2015.

L&T Finance Holdings is a financial holding company offering a focused range of financial products and services across rural, housing and wholesale finance sectors, as well as mutual fund products and wealth management services.

Powered by Capital Market - Live News

Veto Switchgears & Cables provides update on subsidiary - Veto Overseas F.Z.E.
Dec 30,2016

Veto Switchgears & Cables announced that Veto Overseas F.Z.E., Wholly owned subsidiary of the Company, has declared an interim dividend of Rs. 2 crore on 29 December 2016.

Powered by Capital Market - Live News

Bhagyanagar India provides update on scheme of arrangement
Dec 30,2016

Bhagyanagar India announced that the Honble High Court of Hyderabad for the State of Telangana and for the State of Andhra Pradesh, vide their Order dated 21 November 2016, Certified Copy of which dated December 28, 2016 was received by the Company today i.e. 30 December 2016, has approved the Scheme of Arrangement between Bhagyanagar India (Demerged Company) and Surana Telecom and Power (1st Resulting Company) and Bhagyanagar Properties (2nd Resulting Company) and their respective Shareholders and Creditors.

Powered by Capital Market - Live News

Steel Strips Wheels bags export order for winter market in EU and Canada
Dec 30,2016

Steel Strips Wheels has bagged a repeat export order for supply of steel wheels for winter market in EU and Canada. The total value of the order would be more than USD 107000 for supplies in a period of four months. Orders comprise mix of 14, 17 and 18 steel wheels to be supplied from the Companys Chennai plant with shipments starting from next month.

Powered by Capital Market - Live News

Shriram Transport Finance gains after raising funds
Dec 30,2016

The announcement was made after market hours yesterday, 29 December 2016.

Meanwhile, the S&P BSE Sensex was up 257.97 points or 0.98% at 26,624.12.

On the BSE, 34,000 shares were traded on the counter so far as against the average daily volumes of 1.07 lakh shares in the past one quarter. The stock had hit a high of Rs 863.35 and a low of Rs 839 so far during the day.

The stock had hit a record high of Rs 1,325 on 1 August 2016 and a 52-week low of Rs 736.50 on 21 January 2016. The stock had underperformed the market over the past one month till 29 December 2016, declining 8.43% compared with the Sensexs 0.11% fall. The scrip had also underperformed the market over the past one quarter declining 25.99% as against the Sensexs 5.25% fall.

The large-cap company has equity capital of Rs 226.88 crore. Face value per share is Rs 10.

Shriram Transport Finance Company said it has allotted unsecured redeemable rated listed non-convertible subordinated debt in the nature of debentures aggregating to Rs 75 crore yesterday, 29 December 2016 on private placement basis. The debentures have tenure of 10 years and carry coupon rate of 8.5% per annum.

Shriram Transport Finance Companys net profit rose 14.7% to Rs 387.65 crore on 11.8% growth in total income to Rs 2713.59 crore in Q2 September 2016 over Q2 September 2015.

Shriram Transport Finance Company is the largest asset financing non-banking financial company (NBFC). The company is a leader in organized financing of pre-owned trucks with strategic presence in 5-12 year old trucks.

Powered by Capital Market - Live News

GIC Housing Finance to announce Q3 and 9M results
Dec 30,2016

GIC Housing Finance announced that the meeting of the Board of Directors of the Company is scheduled to be held on 23 January 2017, to consider amongst other things, to approve and take on record the Un-audited (provisional) Financial Results for the quarter/nine months ended 31 December 2016.

Powered by Capital Market - Live News

Lumax Auto Technologies announces closure of its Aurangabad plant
Dec 30,2016

Lumax Auto Technologies announced that the Company has permanently closed manufacturing activities at one of its plant situated at A-8, MIDC, Waluj Industrial Area, Aurangabad, Maharashtra w.e.f. 30 December 2016.

The manufacturing activities at the above plant have been closed after completion of necessary formalities in accordance with the provisions of Section 25FFA read with Section 25F of the Industrial Disputes Act, 1947.

The entire workforce affected by this closure have been paid appropriate compensation payable as per Industrial Dispute Act, 1947 along with all other statutory dues.

This closure does not have any adverse effect on operations of the Company.

Powered by Capital Market - Live News

Bajaj Finserv to consider Q3 results
Dec 30,2016

Bajaj Finserv announced that the Board of Directors of the Company will meet on 30 January 2017, to consider, inter alia, the unaudited financial results for the quarter and nine months ending 31 December 2016 (Q3).

Powered by Capital Market - Live News

Globus Spirits gains over 8% in three sessions
Dec 30,2016

Meanwhile, the BSE Sensex was up 262.53 points, or 1%, to 26,628.68.

On the BSE, so far 20,000 shares were traded in the counter, compared with average daily volumes of 89,928 shares in the past one quarter. The stock had hit a high of Rs 92 and a low of Rs 89 so far during the day.

The stock hit a 52-week high of Rs 115.90 on 29 September 2016. The stock hit a 52-week low of Rs 50.30 on 29 February 2016. The stock had underperformed the market over the past 30 days till 29 December 2016, falling 4.86% compared with the 1.08% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 19.31% as against Sensexs 5.38% decline.

The small-cap company has equity capital of Rs 28.80 crore. Face value per share is Rs 10.

Globus Spirits said it resumed its operation and commenced its commercial production (with a production capacity of 80,000 bulk litre per day) on 2 December 2016 after removing all the technical bottlenecks at its unit at Jandoho in Bihar. The operations at the Bihar unit were disrupted since 5 September 2016 owing to flooding at the factory premises caused by heavy rains. The announcement was made during trading hours on Wednesday, 28 December 2016.

Shares of Globus Spirits rose 2.82% to settle at Rs 85.70 on Wednesday, 28 December 2016. The stock has risen 8.10% in three session from its close of Rs 83.35 on Tuesday, 27 December 2016.

Net profit of Globus Spirits declined 97.62% to Rs 0.03 crore on 0.4% rise in net sales to Rs 161.74 crore in Q2 September 2016 over Q2 September 2015.

Globus Spirits is one of the leading players in the Indian alcoholic beverages industry. It caters to four important segments of the alcohol industry - Indian Made Indian Liquor (IMIL), Indian Made Foreign Liquor (IMFL), IMFL bottling and bulk alcohol.

Powered by Capital Market - Live News

Tata Power gains as brokerage maintains add rating
Dec 30,2016

Meanwhile, the S&P BSE Sensex was up 266.42 points or 1.01% at 26,632.57.

On the BSE, 2.83 lakh shares were traded on the counter so far as against the average daily volumes of 3.69 lakh shares in the past one quarter. The stock had hit a high of Rs 77.95 and a low of Rs 75.60 so far during the day.

The stock had hit a 52-week high of Rs 84.45 on 24 October 2016 and a 52-week low of Rs 55 on 12 February 2016. It had outperformed the market over the past one month till 29 December 2016, advancing 3.81% compared with the Sensexs 0.11% fall. The scrip had also outperformed the market in past one quarter, gaining 2.04% as against the Sensexs 5.25% fall.

The large-cap company has equity capital of Rs 270.46 crore. Face value per share is Rs 1.

On a consolidated basis, Tata Power reported net profit of Rs 336.24 crore in Q2 September 2016, as against net loss of Rs 95.87 crore in Q2 September 2015. Net sales declined 5.6% to Rs 7190.54 crore in Q2 September 2016 over Q2 September 2015.

Tata Power is Indias largest integrated power company with a growing international presence.

Powered by Capital Market - Live News

Constitution of high level committee to review Institutionalization of Arbitration Mechanism in India
Dec 30,2016

Justice Dispensing System in India has come under great stress for various reasons including huge pendency of cases in various courts. The injustice is particularly egregious in commercial disputes, where cases remain pending for years. Accordingly, arbitration provides an effective and efficient alternative window for dispute resolution.

The Government of India has laid emphasis on making Arbitration a preferred mode for settlement of commercial disputes. We have been taking legislative and administrative initiatives on arbitration which aim at minimizing court intervention, bring down costs, fix timelines for expeditious disposal, and ensure neutrality of arbitrator and enforcement of awards. The Arbitration and Conciliation (Amendment) Act, 2015 envisages quick enforcement of contracts, easy recovery of monetary claims, reduce the pendency of cases in courts and hasten the process of dispute resolution through arbitration, so as to encourage foreign investment by projecting India as an investor friendly country having a sound legal framework and ease of doing business in India.

In order to ensure speedy resolution of commercial disputes and to facilitate effective conduct of international and domestic arbitrations raised under various agreements, it has been considered necessary to go into various factors to accelerate arbitration mechanism and strengthen the arbitration ecosystem in the country. It is also important to examine specific issues and roadmap required to make India a robust centre for international and domestic arbitration.

With the above end in view, the Government has decided to constitute a High Level Committee (HLC) in the Ministry of Law and Justice.

The terms of reference for the High Level Committee are as under:

(i) To analyze & review effectiveness of present arbitration mechanism.

(ii) To review the facilities, resources, funding and manpower of existing ADR institutions.

(iii) To review working of the institutions funded by the Government of India for arbitration purposes.

(iv) To assess skill gaps in ADR and allied institutions for both national and international arbitration.

(v) To evaluate information outreach and efficacy of existing legal framework for arbitration.

(vi) Based on the foregoing, to

(a) Suggest measures for institutionalization of arbitration mechanism, national and international, in India so as to make the country a hub of international commercial arbitration.

(b) Identify amendments in other laws that are needed to encourage International Commercial Arbitration (ICA).

(c) Devise an action plan for implementation of the law to ensure speedier arbitrations.

(d) Recommend revision in institutional rules & regulations and funding support thereof.

(e) Advise empanelment of national and international arbitrators for time bound arbitral proceedings.

(f) Suggest road map for further strengthening of research and development impacting the domain.

(g) Enlist requisite steps for augmenting skill sets and professional manpower buildup for the sector.

(h) Recommend measures to make arbitration more widely available in curricula and study materials.

(i) Focus on the role of arbitrations in matters involving the Union of India, including bilateral investment treaties (BIT) arbitrations and make recommendations where necessary.

(j) Evolving an efficient arbitration ecosystem for expeditious resolution of International and Domestic Commercial disputes.

The Committee shall submit its report within a period of 90 (ninety) days.

Powered by Capital Market - Live News

Bajaj Finance to announce Q3 and 9M results
Dec 30,2016

Bajaj Finance announced that a meeting of the Board of Directors of the Company will be held on 30 January 2017, to take on record the unaudited financial results for the quarter and nine months ending 31 December 2016 (Q3).

Powered by Capital Market - Live News

Hind Aluminium Industries appoints company secretary
Dec 30,2016

Hind Aluminium Industries announced that pursuant to the provisions of Section 178, 203 of the Companies Act, 2013, SEBI (LODR), Regulation,2015 etc., Sakshi Sharma, an Associate Member of the Institute of Company Secretaries of India (ACS), be and is hereby appointed as a Company Secretary / Compliance Officer of the Company with w.e.f. 21 December 2016.

Powered by Capital Market - Live News

Board of Tree House Education & Accessories approves change in direcrorate
Dec 30,2016

Tree House Education & Accessories announced that at the meeting of the Board of Directors of the Company held on 30 December 2016, the board has considered and approved;

1. Appointment of Suraj Manghnani as an Additional Director, in the category of Independent, Non-Executive Director of the Company w.e.f. 30 December 2016, Subject to the approval of members of the Company.

2. To take a note of resignation of Chanakya Dhanda, Independent Director w.e.f. 15 December 2016.

3. To take a note of resignation of Ram Kumar Gupta, Independent Director w.e.f. 16 December 2016.

Powered by Capital Market - Live News