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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

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Board of Emami recommends dividend
May 10,2017

Emami announced that the Board of Directors of the Company at its meeting held on 4 May 2017, inter alia, have recommended the dividend of Rs 1.75 per equity Share (i.e. 175%) , subject to the approval of the shareholders.

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Ador Fontech to hold AGM
May 10,2017

Ador Fontech announced that the Annual General Meeting (AGM) of the company will be held on 2 August 2017.

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Board of Rajoo Engineers recommends final dividend
May 10,2017

Rajoo Engineers 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 0.25 per equity Share (i.e. 25%) , subject to the approval of the shareholders.

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Board of VLS Finance recommends final dividend
May 10,2017

VLS Finance 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 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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Board of Precision Wires India recommends final dividend
May 10,2017

Precision Wires 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 2.25 per equity Share (i.e. 45%) , subject to the approval of the shareholders.

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Board of Automobile Corporation Of Goa recommends final dividend
May 10,2017

Automobile Corporation Of Goa 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 12.5 per equity Share (i.e. 125%) , subject to the approval of the shareholders.

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MPS consolidated net profit declines 28.87% in the March 2017 quarter
May 10,2017

Net profit of MPS declined 28.87% to Rs 15.87 crore in the quarter ended March 2017 as against Rs 22.31 crore during the previous quarter ended March 2016. Sales rose 9.95% to Rs 71.63 crore in the quarter ended March 2017 as against Rs 65.15 crore during the previous quarter ended March 2016.

For the full year,net profit declined 1.80% to Rs 69.96 crore in the year ended March 2017 as against Rs 71.24 crore during the previous year ended March 2016. Sales rose 12.24% to Rs 288.70 crore in the year ended March 2017 as against Rs 257.21 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales71.6365.15 10 288.70257.21 12 OPM %31.9635.50 -32.2435.39 - PBDT27.8831.16 -11 113.11109.27 4 PBT25.9330.02 -14 106.43105.15 1 NP15.8722.31 -29 69.9671.24 -2

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MPS standalone net profit declines 11.04% in the March 2017 quarter
May 10,2017

Net profit of MPS declined 11.04% to Rs 18.86 crore in the quarter ended March 2017 as against Rs 21.20 crore during the previous quarter ended March 2016. Sales rose 3.69% to Rs 57.06 crore in the quarter ended March 2017 as against Rs 55.03 crore during the previous quarter ended March 2016.

For the full year,net profit declined 1.46% to Rs 69.50 crore in the year ended March 2017 as against Rs 70.53 crore during the previous year ended March 2016. Sales declined 0.21% to Rs 223.56 crore in the year ended March 2017 as against Rs 224.04 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales57.0655.03 4 223.56224.04 0 OPM %41.5538.60 -38.9739.96 - PBDT27.9329.27 -5 105.78107.74 -2 PBT26.6328.18 -6 101.18103.88 -3 NP18.8621.20 -11 69.5070.53 -1

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Pioneer Distilleries reports standalone net loss of Rs 11.21 crore in the March 2017 quarter
May 10,2017

Net loss of Pioneer Distilleries reported to Rs 11.21 crore in the quarter ended March 2017 as against net profit of Rs 12.13 crore during the previous quarter ended March 2016. Sales declined 29.43% to Rs 34.60 crore in the quarter ended March 2017 as against Rs 49.03 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 30.08 crore in the year ended March 2017 as against net profit of Rs 21.92 crore during the previous year ended March 2016. Sales declined 40.47% to Rs 113.00 crore in the year ended March 2017 as against Rs 189.83 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales34.6049.03 -29 113.00189.83 -40 OPM %-15.1459.62 -2.7842.82 - PBDT-10.3823.92 PL -16.1457.28 PL PBT-17.6117.44 PL -43.4731.75 PL NP-11.2112.13 PL -30.0821.92 PL

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Samkrg Pistons & Rings standalone net profit rises 102.16% in the March 2017 quarter
May 10,2017

Net profit of Samkrg Pistons & Rings rose 102.16% to Rs 4.67 crore in the quarter ended March 2017 as against Rs 2.31 crore during the previous quarter ended March 2016. Sales rose 0.14% to Rs 64.99 crore in the quarter ended March 2017 as against Rs 64.90 crore during the previous quarter ended March 2016.

For the full year,net profit rose 23.95% to Rs 19.46 crore in the year ended March 2017 as against Rs 15.70 crore during the previous year ended March 2016. Sales rose 2.60% to Rs 251.45 crore in the year ended March 2017 as against Rs 245.08 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales64.9964.90 0 251.45245.08 3 OPM %14.4510.45 -16.0714.48 - PBDT9.707.07 37 39.8934.32 16 PBT6.333.86 64 27.0322.61 20 NP4.672.31 102 19.4615.70 24

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OCL India standalone net profit declines 6.88% in the March 2017 quarter
May 10,2017

Net profit of OCL India declined 6.88% to Rs 112.15 crore in the quarter ended March 2017 as against Rs 120.44 crore during the previous quarter ended March 2016. Sales rose 4.44% to Rs 871.87 crore in the quarter ended March 2017 as against Rs 834.80 crore during the previous quarter ended March 2016.

For the full year,net profit rose 55.93% to Rs 383.87 crore in the year ended March 2017 as against Rs 246.18 crore during the previous year ended March 2016. Sales rose 9.28% to Rs 2911.87 crore in the year ended March 2017 as against Rs 2664.65 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales871.87834.80 4 2911.872664.65 9 OPM %23.0125.48 -23.1820.48 - PBDT192.79210.77 -9 676.65506.22 34 PBT151.81133.39 14 530.39303.16 75 NP112.15120.44 -7 383.87246.18 56

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8K Miles Software Services consolidated net profit rises 178.06% in the March 2017 quarter
May 10,2017

Net profit of 8K Miles Software Services rose 178.06% to Rs 34.34 crore in the quarter ended March 2017 as against Rs 12.35 crore during the previous quarter ended March 2016. Sales rose 93.20% to Rs 166.60 crore in the quarter ended March 2017 as against Rs 86.23 crore during the previous quarter ended March 2016.

For the full year,net profit rose 163.07% to Rs 104.15 crore in the year ended March 2017 as against Rs 39.59 crore during the previous year ended March 2016. Sales rose 96.51% to Rs 534.38 crore in the year ended March 2017 as against Rs 271.93 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales166.6086.23 93 534.38271.93 97 OPM %34.9830.40 -34.8432.55 - PBDT56.8726.23 117 184.4088.52 108 PBT52.2920.79 152 164.7168.29 141 NP34.3412.35 178 104.1539.59 163

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8K Miles Software Services standalone net profit rises 48.57% in the March 2017 quarter
May 10,2017

Net profit of 8K Miles Software Services rose 48.57% to Rs 0.52 crore in the quarter ended March 2017 as against Rs 0.35 crore during the previous quarter ended March 2016. Sales rose 61.02% to Rs 11.03 crore in the quarter ended March 2017 as against Rs 6.85 crore during the previous quarter ended March 2016.

For the full year,net profit rose 85.25% to Rs 2.26 crore in the year ended March 2017 as against Rs 1.22 crore during the previous year ended March 2016. Sales rose 78.72% to Rs 37.46 crore in the year ended March 2017 as against Rs 20.96 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales11.036.85 61 37.4620.96 79 OPM %25.3910.36 -23.3030.82 - PBDT1.340.73 84 6.826.46 6 PBT1.030.61 69 3.521.85 90 NP0.520.35 49 2.261.22 85

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Gartner Says Artificial Intelligence Could Turn Some Skilled Practices Into Utilities
May 10,2017

CIOs have a major role to play in preparing businesses for the impact that artificial intelligence (AI) will have on business strategy and human employment, according to Gartner, Inc. Gartner predicts that by 2022, smart machines and robots may replace highly trained professionals in tasks within medicine, law and IT.

The economics of AI and machine learning will lead to many tasks performed by professionals today becoming low-cost utilities, said Stephen Prentice, vice president and Gartner Fellow. AIs effects on different industries will force the enterprise to adjust its business strategy. Many competitive, high-margin industries will become more like utilities as AI turns complex work into a metered service that the enterprise pays for, like electricity.

The effects that AI will have on the enterprise will depend on its industry, business, organization and customers. Mr. Prentice cited the example of a lawyer who undergoes a long, expensive period of education and training. Any enterprise that hires lawyers must pay salary and benefits big enough to compensate for this training for each successive lawyer it hires. On the other hand, a smart machine that substitutes for a lawyer also requires a long, expensive period of training. But after the first smart machine, the enterprise can add as many other smart machines as it wants for little extra cost.

Financial services is another industry where jobs such as loan origination and insurance claims adjustment could be automated. However, while AI will hit employment numbers in some industries, many others will benefit as AI and automation handle routine and repetitive tasks, leaving more time for the existing workforce to improve service levels, handle more challenging aspects of the role and even ease stress levels in some high-pressure environments.

CIOs Need to Prepare the Enterprise for Changes in Hiring Priorities

Ultimately, AI and humans will differentiate themselves from each other, said Mr. Prentice. AI is most successful in addressing problems that are reasonably well-defined and narrow in scope, whereas humans excel at defining problems that need to be solved and at solving complex problems. They bring a wide range of knowledge and skill to bear and can work through problems in various ways. They can collaborate with one another, and when situations change significantly, humans can adjust.

CIOs should use the enterprises five-year vision to develop a plan for achieving the right balance of AI and human skills. Too much AI-driven automation could leave the enterprise less flexible and less able to adjust to a changing competitive landscape. This approach will also help reassure employees about where and how AI will be used in the organization.

AI Will Challenge the CIO to Restructure IT Operations

AI will eventually replace many routine functions of the IT organization, particularly on the operations side, such as in system administration, help desk, project management and application support.

Some roles will disappear, but AI will improve some skills shortages, and the IT organization as a whole will increasingly focus on more creative work that differentiates the enterprise.

The CIO should commission the enterprise architecture team to identify which IT roles will become utilities and create a timeline for when these changes become possible, said Mr. Prentice. Work with HR to ensure that the enterprise has a plan to mitigate any disruptions that AI will cause, such as offering training and upskilling to help operational staff to move into more-creative positions.

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Hong Kong Stocks gain for third day
May 10,2017

The Hong Kong stock market rose for the third straight session on Wednesday, 10 May 2017, as investor sentiment lifted by strength in many Asian markets as investors focused on strong corporate earnings, as well as signs that money was continuing to flow in from mainland China. On Wednesday, Chinese investors used up roughly 30 percent of the daily quota buying Hong Kong stocks under the Shanghai-Hong Kong Stock Connect scheme. The Hang Seng Index inclined 126.39 points, or 0.51%, to 25015.42. The Hang Seng China Enterprises Index was up 98.43 points, or 0.97%, to 10227.42. Turnover increased to HK$93.6 billion from HK$71 billion on Tuesday.

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