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

Transformers & Rectifiers India plans sub-division of shares and fund raising
Jul 18,2017

Transformers & Rectifiers India has proposed Subdivision of Equity Share from the face value of Rs. 10/- per share to Rs. 1/- per share and fund raising through QIP or preferential allotment. The Board will consider the proposal on 03 August 2017.

Powered by Capital Market - Live News

PTC India hits 52-week high on recent rally
Jul 18,2017

Meanwhile, the S&P BSE Sensex was down 249.15 points, or 0.78% at 31,825.63. The S&P BSE Mid-Cap index was down 24.22 points, or 0.16% at 15,173.23.

On the BSE, 4.62 lakh shares were traded on the counter so far as against the average daily volumes of 2.61 lakh shares in the past one quarter. The stock had hit a high of Rs 121.25 so far during the day, which is also its 52-week high. The stock hit a low of Rs 116.30 so far during the day. The stock had hit a 52-week low of Rs 66.80 on 21 November 2016.

The stock had outperformed the market over the past one month till 17 July 2017, advancing 23.84% compared with the Sensexs 3.28% rise. The scrip had also outperformed the market over the past one quarter gaining 21.04% as against the Sensexs 9.05% rise. The scrip had also outperformed the market over the past one year advancing 47.89% as against the Sensexs 15.23% rise.

The mid-cap company has equity capital of Rs 296.01 crore. Face value per share is Rs 10.

Shares of PTC India rose 18.97% in five trading sessions to its current market price of Rs 119.45, from a close of Rs 100.40 on 11 July 2017.

PTC Indias net profit spurted 121.8% to Rs 78.77 crore on 10.1% increase in net sales to Rs 3159.24 crore in Q4 March 2017 over Q4 March 2016.

PTC India is engaged in the business of power and investment.

Powered by Capital Market - Live News

Indiabulls Real Estate advances on fund raising plan
Jul 18,2017

The announcement was made after market hours yesterday, 17 July 2017.

Meanwhile, the S&P BSE Sensex was down 238.50 points or 0.74% at 31,836.28. The S&P BSE Mid-Cap index was down 2.65 points or 0.02% at 15,194.80.

On the BSE, 8.29 lakh shares were traded on the counter so far as against the average daily volumes of 35.93 lakh shares in the past one quarter. The stock had hit a high of Rs 209.70 and a low of Rs 200.85 so far during the day. The stock had hit a 52-week high of Rs 217.40 on 21 June 2017 and a 52-week low of Rs 57.05 on 22 November 2016.

The stock had underperformed the market over the past one month till 17 July 2017, rising 2.79% compared with the Sensexs 3.28% rise. The stock had, however, outperformed the market over the past one quarter, gaining 38.14% as against the Sensexs 9.05% rise. The scrip had also outperformed the market over the past one year, jumping 132.03% as against the Sensexs 15.23% rise.

The mid-cap company has equity capital of Rs 94.93 crore. Face value per share is Rs 2.

The company will also announce its Q1 results on 24 July 2017. On consolidated basis, Indiabulls Real Estates net profit fell 3.7% to Rs 60.18 crore on 38.4% decline in net sales to Rs 437.03 crore in Q4 March 2017 over Q4 March 2016.

Indiabulls Real Estate is a real estate development company with development projects spread across office and commercial complexes, premium residential developments, mega townships, retail spaces, hotel and resorts, special economic zones and infrastructure development.

Powered by Capital Market - Live News

Moodys: Asian high-yield issuance remains robust in Q2 2017; YTD issuance above annual average
Jul 18,2017

Moodys Investors Service says that investor tolerance for lower credit quality and the refinancing needs of issuers continue to drive bond issuance in 2017, with Q2 2017 seeing the highest quarterly amount issued since Q1 2013.

A total of 25 deals totaling USD11.6 billion closed in Q2 2017 -- compared with 26 totaling USD10 billion in Q1 2017 -- the highest quarterly amount since Q1 2013, with year-to-date issuance of USD21.6 billion approaching the full-year record of USD23.3 billion set in 2013, says Annalisa DiChiara, a Moodys Vice President and Senior Credit Officer.

Furthermore, year-to-date issuance is already well above annual average issuance of USD14 billion since 2010, and we also believe that refinancing risks remain manageable and, in the absence of exogenous shocks, the market should be able to absorb upcoming maturities, adds DiChiara.

In addition downgrades moderated considerably in Q2 2017 to 2.79x, approaching the long-term average of 2.41x, adds DiChiara. Although credit quality showed signs of improvement, around 47% of corporate family ratings were in the single-B category and 13% in the Caa-C range says DiChiara. And B3 and below remained elevated at 23 companies or 17.8% of the total.

During Q2 2017, B3-rated bonds accounted for a significant portion of issuance or USD4.6 billion, while China Evergrande Groups (B2 stable) USD3.8 billion accounted for the bulk of that amount.

Furthermore, China-based corporates dominated issuance at 70% of the total, with Indonesia at 13%, India at 12% and Macau at 5%.

Moodys further notes that the number of B3 and below companies have generally been on the rise since 2012, and stood at a 5-year high of 17.8% of our Asian high yield portfolio at 30 June 2017. Such issuers accounted for USD9.8 billion of rated debt, with around US2.3 billion maturing by 30 June 2018.

In total, USD128.6 billion of rated and unrated maturities are scheduled through to 2021, and USD6.7 billion of rated bonds will mature by 30 June 2018.

Meanwhile, Moodys Asian Liquidity Stress Index (Asian LSI) weakened in June, rising to 25.6% from 25.2% in May 2017.

The Asian LSI measures the percentage of high-yield companies with SGL-4 scores as a proportion of high-yield corporate family ratings (CFRs) and decreases when speculative-grade liquidity improves.

The June figure ended six months of continuous improvement, and the reading now remains just above the long-term average of 22.9%, highlighting that weak liquidity is still a concern for many companies in Asia.

Although Moodys has assigned SGL scores to all 129 high-yield rated companies, only 102 of these companies have rated debt outstanding totaling $72.6 billion at 30 June 2017. In addition, the amount of rated debt in June 2017 was at its highest level since December 2010. At end-June, SGL-1 and SGL-2 companies together accounted for 48.5% of the rated debt outstanding.

Powered by Capital Market - Live News

Ashika Credit Capital to hold board meeting
Jul 18,2017

Ashika Credit Capital will hold a meeting of the Board of Directors of the Company on 27 July 2017, to approve the Un-Audited Financial Results of the company along with Limited Review report for the quarter ended 30th June 2017.

Powered by Capital Market - Live News

Refex Industries to hold board meeting
Jul 18,2017

Refex Industries will hold a meeting of the Board of Directors of the Company on 27 July 2017, to approve the Un-Audited Financial Results of the company along with Limited Review report for the quarter ended 30th June 2017.

Powered by Capital Market - Live News

Srestha Finvest to hold board meeting
Jul 18,2017

Srestha Finvest will hold a meeting of the Board of Directors of the Company on 12 August 2017, to consider and approve unaudited results for the year ended 30th June 2017, to consider and take on record other compliance related matter pertaining to quarter ended 30 June 2017, and to approve and fix the holding of Annual General Meeting of the company to be held on 28th September 2017

Powered by Capital Market - Live News

Sahyog Multibase to hold EGM
Jul 18,2017

Sahyog Multibase announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 19 August 2017 .

Powered by Capital Market - Live News

Padmanabh Industries to hold AGM
Jul 18,2017

Padmanabh Industries announced that the 23rd Annual General Meeting (AGM) of the company will be held on 26 September 2017.

Powered by Capital Market - Live News

Nilachal Refractories to hold AGM
Jul 18,2017

Nilachal Refractories announced that the Annual General Meeting (AGM) of the company will be held on 21 September 2017.

Powered by Capital Market - Live News

Ind-Ra: Banks to Take a Hit of Minimum INR180 billion for 12 Accounts Identified for Bankruptcy Proceedings
Jul 18,2017

Indian banks need to provide a bare minimum INR180 billion additionally towards 12 accounts identified by the Reserve Bank of India (RBI) for reference to the National Company Law Tribunal under the Insolvency and Bankruptcy Code in FY18, estimates India Ratings and Research (Ind-Ra). Ind-Ras analysis pegs the weighted average provisioning currently at 42% by banks towards the 12 identified accounts. Ind-Ra forecasts the additional provisioning to eat into banks profits by around 25% in FY18. This indicates a shave-off in return on assets of 12bp in FY18.

The agency notes that the new minimum required provisioning stands at 50% towards each of the 12 identified accounts, which indicates that banks with average provisioning of 50% on these accounts may also need to provide additional provisions to reach 50% towards each of the 12 accounts.

Ind-Ra believes that the additional provision burden could add disproportionate pressure on the profit and loss accounts (P&L) of a few mid-size public sector banks (PSBs) and hence the agencys outlook towards these banks remains negative. The agency also notes that the additional provision requirement may stretch the profitability of a few large PSBs in FY18, putting the standalone ratings of these entities under pressure. Ind-Ra continues to maintain there is an increasing divide between the large and smaller PSBs, with the former having some access to growth capital, better market valuation, and also some non-core assets to divest while the latter would only receive bailout capital if required and would need to ration their capital consumption over next two years.

The 12 accounts are broadly classified across five sectors, which have been further reclassified as iron and steel, infrastructure and others in Ind-Ras study. The weighted average provisioning of 45% (as of March 2017) towards the iron and steel sector exposure continues to be the highest across all sectors, given the deep entrenchment of stress in the sector, low capacity utilisation and high expected ultimate haircuts. The weighted average provisioning as of March 2017 for the infrastructure sector exposure is 36%. Ind-Ra highlights much of the unrecognised stress (INR7.7 trillion as of September 2016, 35% of which is expected to slip into the substandard category over the next 12-18 months) forms a part of the infrastructure sector where a going concern approach towards resolution could fetch a more favourable value in comparison to a liquidation approach given the nature of the assets in the sector and the fact that many of the projects in the sector are under stress on account of cash flow mismatches and project overruns.

Out of the total INR180 billion required provisioning, the iron and steel sector contributes around INR105 billion and the infrastructure sector INR41 billion. The iron & steel sector had faced severe stress at the time of the Asset Quality Review exercise conducted by the RBI last fiscal.

India Ratings highlighted in the report FY18 Bank Outlook: Long Tail of Credit Costs to Subdue Profitability Despite Plateauing Stressed Assets that impaired assets will peak at 12.5%-13% by FY18/FY19. Credit costs however will show an extended recovery period (FY18F: 185bp; FY16: 230bp), as a large proportion of recently acquired higher-bucket NPLs keep aging. This would keep the return on assets for PSBs and private banks at around 20bp below their respective long-term medians. Factoring this in Ind-Ra expects banks to require INR910 billion in tier-1 capital till March 2019 to grow at a bare minimum pace of 8-9% CAGR. This includes the INR200 billion of residual tranches from the government of Indias Indradhanush programme.

The banks have been given six months to finalise the resolution plans for other non-performing accounts that do not currently qualify under this criteria, close to around 500 accounts. If no resolution plan emerges in that period then banks will have to begin insolvency proceedings on these accounts too said RBI, which Ind-Ra believes will translate into more resolutions in FY19.

Ind-Ra believes the fear of insolvency will force all stakeholders to seek remedial measures and resolve stress swiftly, which will be positive, in the event it occurs. The fear of liquidation or winding up could have a positive impact as stakeholders would be willing to arrive at common ground to escape liquidation, nevertheless haircuts specially towards the larger exposures are inevitable.

Powered by Capital Market - Live News

Linde India declines as net loss widens in Q2
Jul 18,2017

The result was announced after market hours yesterday, 17 July 2017.

Meanwhile, the S&P BSE Sensex was down 245.45 points, or 0.77% at 31,829.33. The S&P BSE Mid-Cap index was down 0.88 points, or 0.01% at 15,196.57.

On the BSE, 4,866 shares were traded on the counter so far as against the average daily volumes of 4,950 shares in the past one quarter. The stock had hit a high of Rs 445.80 and a low of Rs 435 so far during the day. The stock had hit a 52-week high of Rs 499 on 13 April 2017 and a 52-week low of Rs 321.10 on 21 July 2016.

The stock had outperformed the market over the past one month till 17 July 2017, advancing 3.66% compared with the Sensexs 3.28% rise. The scrip had, however, underperformed the market over the past one quarter sliding 2.9% as against the Sensexs 9.05% rise. The scrip had, however, outperformed the market over the past one year advancing 36.35% as against the Sensexs 15.23% rise.

The mid-cap company has equity capital of Rs 85.28 crore. Face value per share is Rs 10.

Linde Indias net sales rose 14.6% to Rs 493.35 crore in Q2 June 2017 over Q2 June 2016.

Linde India is engaged in the manufacturing of liquefied or compressed inorganic industrial or medical gases and construction of utility projects. Its segments include gases and related products and project engineering.

Powered by Capital Market - Live News

C & C Constructions vaults after selling two road SPVs
Jul 18,2017

The announcement was made after market hours yesterday, 17 July 2017.

Meanwhile, the S&P BSE Sensex was down 302.60 points or 0.94% at 31,772.18. The S&P BSE Small-Cap index was down 27.69 points or 0.17% at 15,882.39.

On the BSE, 8,861 shares were traded in the counter so far as against average daily volume of 43,039 shares in the past one quarter.

The stock was locked at a high of Rs 70.25 in intraday trade. The stock had hit a low of Rs 69 so far during the day. The stock had hit a 52-week high of Rs 84.75 on 19 June 2017. The stock had hit a 52-week low of Rs 13 on 16 August 2016.

The stock had underperformed the market over the past one month till 17 July 2017, falling 17.9% compared with the Sensexs 3.28% rise. The stock had, however, outperformed the market over the past one quarter, gaining 66.54% as against the Sensexs 9.05% rise. The scrip had also outperformed the market over the past one year, jumping 344.26% as against the Sensexs 15.23% rise.

The small-cap company has equity capital of Rs 25.45 crore. Face value per share is Rs 10.

C & C Constructions said that the sale process is likely to be completed in around three months. The board has already granted its permission for the same.

The documentation of the sale of these two road assets is in progress. Permission for sale from the concerned authorities shall be initiated, company added.

C & C Constructions consolidated net profit jumped 254.8% to Rs 38.60 crore on 24% rise in net sales to Rs 346.89 crore in Q4 March 2017 over Q4 March 2016.

C & C Constructions is construction conglomerate focused on creating infrastructure assets.

Powered by Capital Market - Live News

Shares of 7NR Retail get listed
Jul 18,2017

The equity shares of 7NR Retail (Scrip Code: 540615) are listed effective 18 July 2017 and admitted to dealings on the Exchange in the list of M Group Securities

Powered by Capital Market - Live News

Clariant Chemicals (India) fixes record date for final dividend
Jul 18,2017

Clariant Chemicals (India) has fixed 04 August 2017 as record date for payment of final dividend. The final dividend will be paid on or after 18 August 2017, if declared.

Powered by Capital Market - Live News