My Application Form Status

Check the status of your application form with Angel Broking.
Arq - The Hyper Intelligent Investment Engine By 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 Lancer Container Lines approves conversion of warrants
Apr 20,2017

Lancer Container Lines announced that Board of Directors of the Company at its meeting held on 20 April 2017 has approved allotment of 2 lakh equity shares pursuant to the conversion of 2 lakh warrants of Rs 30.50 each fully paid.

Powered by Capital Market - Live News

Cyient appoints director
Apr 20,2017

Cyient announced that Vinai Thummalapally has been appointed as Additional Director by the Board of Directors at their meeting held on 20 April 2017.

Powered by Capital Market - Live News

Exide hits record high on brokerage rating
Apr 20,2017

Meanwhile, the S&P BSE Sensex was up 74.18 points or 0.25% at 29,410.75.

On the BSE, 3.32 lakh shares were traded on the counter so far as against the average daily volumes of 2.15 lakh shares in the past one quarter. The stock had hit a high of Rs 240.55 so far during the day, which is a record high. The stock hit a low of Rs 235.10 so far during the day.

The stock had hit a 52-week low of Rs 134.65 on 20 April 2016. It had outperformed the market over the past one month till 19 April 2017, advancing 6.79% compared with the Sensexs 1.05% fall. The scrip had also outperformed the market over the past one quarter, gaining 20.64% as against the Sensexs 7.43% rise.

The large-cap company has equity capital of Rs 85 crore. Face value per share is Rs 1.

Exide Industries net profit rose 9.4% to Rs 151.49 crore on 12.6% growth in net sales to Rs 1725.26 crore in Q3 December 2016 over Q3 December 2015.

Exide Industries manufactures batteries for automobiles, industrial use and for submarines.

Powered by Capital Market - Live News

Ind-Ra:Softened Interest Rates Likely to Brighten Solar Sector
Apr 20,2017

India Ratings and Research (Ind-Ra) estimates that INR560 billion out of total debt of INR1,730 billion could be refinanced at a lower borrowing cost across various infrastructure sub-sectors in its portfolio till FY19. Also, there could be a shift in the type of instruments issued for the purpose of raising capital in the sector largely to the capital market instruments, namely bonds, from the conventional term loans.

Ind-Ra estimates that for each 1% reduction in interest rate, the incremental surplus as a % of cash flow available for debt service would be highest in toll roads, followed by solar and wind energy. This could mainly be because the interest burden on these sectors is high as most of these projects are in the ramp-up stage.

Solar energy projects owing to their stable revenue profiles and better counterparties and toll road projects with reasonable track records and stronger sponsors and longer tail period, than other sub-sectors, appear to be the ideal candidates for refinancing. Though Ind-Ra expects a replacement of banks loans by bonds, traction will be witnessed through infrastructure investment trusts.

Also, Ind-Ra observes that the benefit of interest rate reduction will be the least for the annuity sector, followed by the thermal power sector, because refinancing risk has already been factored in at the time of initial funding for the former and due to minimal improvement in persistent issues in the latter.

An estimated INR45 million/project/year is projected to be the surplus for FY18, based on the average interest rate reduction of around 65bp witnessed for Ind-Ra rated entities across various infra sectors. The debt service coverage ratio is likely to improve 0.04x in FY18 across infra sectors.

Powered by Capital Market - Live News

Aviation stocks take off
Apr 20,2017

SpiceJet (up 9.53%), Jet Airways (India) (up 5.66%) and InterGlobe Aviation (up 4.96%), edged higher.

Meanwhile, the S&P BSE Sensex was up 50.35 points, or 0.17% at 29,386.92.

Domestic airlines carried 272.79 lakh passengers in January-March 2017 quarter, a growth of 18.59% compared with 230.03 lakh passengers carried in January-March 2016 quarter.

Domestic airlines carried 90.45 lakh passengers in March 2017, a growth of 14.91% compared with 78.72 lakh passengers carried in March 2016.

InterGlobe Aviation dominated other aviation companies in terms of market share at 39.90% in March 2017, followed by Jet Airways (17.90%), SpiceJet (13.20%) and Air India (13%).

Powered by Capital Market - Live News

New order boosts Indian Hume Pipe
Apr 20,2017

The announcement was made during market hours today, 20 April 2017.

Meanwhile, the S&P BSE Sensex was up 65.20 points or 0.22% at 29,401.77. The S&P BSE Small-Cap index was up 153.42 points or 1.03% at 15,110.72.

On the BSE, 10,000 shares were traded on the counter so far as against the average daily volumes of 5,696 shares in the past one quarter. The stock had hit a high of Rs 427.95 and a low of Rs 419.60 so far during the day.

The stock had hit a record high of Rs 459 on 9 February 2017 and a 52-week low of Rs 160.50 on 25 May 2016. It had outperformed the market over the past one month till 19 April 2017, advancing 8.41% compared with the Sensexs 1.05% fall. The scrip had also outperformed the market over the past one quarter, gaining 10.9% as against the Sensexs 7.43% rise.

The small-cap company has equity capital of Rs 9.69 crore. Face value per share is Rs 2.

Indian Hume Pipe Company has secured work order of Rs 122.86 crore from Madhya Pradesh Jal Nigam Maryadit, Bhopal for Bankpura Multi Village Rural Water Supply Scheme for 120 villages of Rajgarh district in Madhya Pradesh.

The project is to be completed within 24 months from the date of issue of letter of acceptance. The agreement will be signed in due course.

Indian Hume Pipe Companys net profit rose 182.1% to Rs 17.80 crore on 105.30% rise in net sales to Rs 406.50 crore in Q3 December 2016 over Q3 December 2015.

Indian Hume Pipe Company is engaged in the business of providing integrated water supply schemes including manufacturing, laying and jointing of pipelines of various pipe materials which provide infrastructure facility for development of water supply and irrigation projects.

Powered by Capital Market - Live News

Board of Yes Bank recommends final dividend
Apr 20,2017

Yes Bank announced that the Board of Directors of the Company at its meeting held on 19 April 2017, inter alia, have recommended the final dividend of Rs 12 per equity Share (i.e. 120%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Indiabulls Housing Finance allots NCDs aggregating Rs 1500 crore
Apr 20,2017

Indiabulls Housing Finance has allotted its eighteenth tranche of Secured, Redeemable, Non-Convertible Debentures of face value Rs. 10 lakh each (NCDs) aggregating to Rs.1500 crore on 20 April 2017.

Powered by Capital Market - Live News

IndusInd Bank wins Celent Model Bank 2017 Global Award
Apr 20,2017

IndusInd Bank has won the Celent Model Bank 2017 Global Award for Fraud Management and Cybersecurity for driving a unique initiative, namely how to leverage the investments in fraud management to pay for itself. In the innovation, IndusInd Bank not only implemented the real-time enterprise wide cross-channel fraud and AML management platform, but also began reusing in-memory data to offer simultaneous real-time cross-sell and upsell.

IndusInd Bank chose the new generation enterprise approach for fraud management as against the dated and easier channel silo based approach, as it enabled a segment of one thinking for everything in the bank and connected 15 Real-time and 7 Batch systems. Clari5 implemented a central nervous system that revolutionized IndusInd Banks Fraud and AML Management in a very short period, which by itself is a commendable.

Powered by Capital Market - Live News

Mold-Tek Technologies fixes record date for interim dividend
Apr 20,2017

Mold-Tek Technologies has fixed 28 April 2017 as the Record Date for the purpose of Payment of Interim Dividend.

The Interim Dividend declared shall be paid on or from 29 April 2017 to 18 May 2017.

Powered by Capital Market - Live News

Uflex announces closure of its subsidiary in Brazil
Apr 20,2017

Uflex has wound up its wholly owned subsidiary - Flex P. Films (Brasil) Comercio De Films Plasticos on account of change in strategy. The subsidiary was incorporated in Brazil to undertake sales and marketing activities for wide range of Plastic films produced by Uflex group. The Company has not commenced any business in the subsidiary.

Powered by Capital Market - Live News

Board of Future Retail approves demerger of its home retail business
Apr 20,2017

Future Retail announced that the Board of Directors of the Company at its meeting held on 20 April 2017 has approved segregation of the home retail business of the Company operated through HomeTown stores into Praxis Home Retail by way of a demerger.

Powered by Capital Market - Live News

India Cements leads gainers in A group
Apr 20,2017

India Cements jumped 6.88% to Rs 186.50 at 13:42 IST. The stock topped the gainers in the BSEs A group. On the BSE, 32.57 lakh shares were traded on the counter so far as against the average daily volumes of 3.89 lakh shares in the past two weeks.

Sobha surged 6.65% at Rs 389.95. The stock was second biggest gainer in A group. On the BSE, 77,000 shares were traded on the counter so far as against the average daily volumes of 6.43 lakh shares in the past two weeks.

Oberoi Realty advanced 5.16% to Rs 401.60. The stock was third biggest gainer in A group. On the BSE, 79,000 shares were traded on the counter so far as against the average daily volumes of 18,000 shares in the past two weeks.

Grasim Industries gained 5.13% at Rs 1,135.25. The stock was fourth biggest gainer in A group. On the BSE, 72,000 shares were traded on the counter so far as against the average daily volumes of 25,000 shares in the past two weeks.

Jet Airways (India) rose 5.03% to Rs 504. The stock was fifth biggest gainer in A group. On the BSE, 6.65 lakh shares were traded on the counter so far as against the average daily volumes of 3.14 lakh shares in the past two weeks.

Powered by Capital Market - Live News

Volumes jump at CG Power and Industrial Solutions counter
Apr 20,2017

CG Power and Industrial Solutions clocked volume of 92.43 lakh shares by 13:32 IST on BSE, a 55.39-times surge over two-week average daily volume of 1.67 lakh shares. The stock rose 0.25% to Rs 79.85.

Cyient notched up volume of 5.71 lakh shares, a 32.77-fold surge over two-week average daily volume of 17,000 shares. The stock rose 1.51% to Rs 502.35.

Jay Bharat Maruti saw volume of 2.90 lakh shares, a 29.44-fold surge over two-week average daily volume of 10,000 shares. The stock rose 17.28% to Rs 511.15.

India Cements clocked volume of 32.46 lakh shares, a 8.35-fold surge over two-week average daily volume of 3.89 lakh shares. The stock rose 6.88% to Rs 186.50.

Jain Irrigation Systems saw volume of 62.29 lakh shares, a 8.11-fold rise over two-week average daily volume of 7.68 lakh shares. The stock rose 3.71% to Rs 111.75.

Powered by Capital Market - Live News

Moodys: Global green bond issuance robust in first quarter; second largest quarterly volume ever
Apr 20,2017

Global green bond first quarter 2017 volume increased strongly compared to the corresponding period a year ago after France (Aa2 stable) tapped the market with a EUR 7 billion ($7.5 billion) offering in January, Moodys Investors Service says in a new report. The countrys green bond was the largest to date and bodes well for additional sovereign issuance.

Green bond issuance remained healthy in the first quarter of 2017, reaching $29.5 billion, up 75% from the first quarter of 2016, according to Henry Shilling, the author of the report and a Moodys Senior Vice President. Volume in the first quarter was the second largest ever for a quarter, trailing only the $30.2 billion in the fourth quarter of 2016.

The report Green Bonds -- Global: Frances Sovereign Offering Propels Strong First-Quarter 2017 Issuance, says if the current trend continues, green bond issuance will total nearly $120 billion for the year and eclipse the record of $93.4 billion in 2016.

Renewable energy and energy efficiency projects were in the fore during the period to comprise the bulk of project types with the two accounting for 42% of total dollar issuance. As well, clean transportation was the third most popular category.

French issuers dominated the mix during the first quarter with roughly 40%, or $118 billion in deals. Likewise, corporate and investment grade issuers were prominent in the period, although financial institutions declined significantly with $5.4 billion in deals, or 18% of global volume.

The drop in financial institution issuance is primarily due to the significantly lower level of green bond issuance from Chinese banks. On the flip side, municipal issuers accounted for $5.1 billion of issuance in the first quarter, or 17%, up slightly from 12% for 2016, Shilling says. Issuance by Chinese entities fell 67% to $2.6 billion compared to Q1 2016.

During the first quarter, the average transaction size increased to $360 million on the basis of 82 transactions while the percentage of Aaa-rated transactions, based on Moodys ratings, continued to drop, reaching 14% from 25% share for all of 2016.

The report goes on to note that the green bond market is continuing to evolve. The number of sovereign issuers will likely increase, momentum from the Paris Agreement will expand the markets geographic reach and new security structures will continue to emerge.

Powered by Capital Market - Live News