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

Modi Udyog renamed as Pincon Lifestyle
Feb 13,2017

Modi Udyog announced that the Company has applied for changing its name from Modi Udyog to Pincon Lifestyle and got approval from Ministry of Corporate Affairs (attached herewith).

Powered by Capital Market - Live News

Modi Udyog announced change in website
Feb 13,2017

Modi Udyog announced that the website of the Company changed from www.modiudyog.com to www.pinconlifestyle.com.

Powered by Capital Market - Live News

Moodys: Demonetization hits collections and delinquencies of Indian ABS transactions, but impact expected to be short-lived
Feb 13,2017

Moodys Investors Service says that the Indian governments decision to remove a high proportion of currency notes from circulation (demonetization) in November 2016 has proved negative for the performance of Indian auto asset backed securities (ABS) in the short term, leading to a 1.3% decline in collections for November and December 2016, and a 1.9% increase in 30+ days delinquencies in December 2016.

During December, the first month when the full effects of demonetization were felt, the 30+ days delinquency rate for Indian auto ABS increased 1.9 percentage point to 10.9% from 9.0% in October 2016. On the other hand, at 0.6%, 0.5% and 0.3%, the increase in the 60+ days, 90+ days and 180+ days delinquency rates, respectively and over the same period, were more subdued.

In such an environment, we expect the performance of the 15 Indian auto ABS transactions that we rate to continue to be weaker than was the case prior to demonetization until at least the end of March 2017, owing to the temporary drag on consumption and investment triggered by the policy announced on 8 November 2016, says Vincent Tordo, a Moodys Analyst.

Moodys notes that demonetization has disrupted the recovery observed in the commercial vehicle (CV) loan segment for the past two years. According to ICRA data, CV loan delinquencies fell to 6.3% in June 2016 compared with peak levels of about 9.0% at the end of 2014.

However, the deterioration in performance has been limited to early-stage delinquencies and supports Moodys expectations of a short-lived slippage in performance and proactive delinquency management by servicers, rather than as a precursor of permanent losses.

Cash collateral and excess interest spread protect Indian auto ABS against the drop in collections, and we note that such securities have large levels of cash collateral and excess interest spread, leaving them well placed to withstand the impacts of demonetization and the economic slowdown, adds Tordo.

Moreover, our analysis shows that our rated transactions can weather a stressed scenario of a 25% shortfall in collections and still fund investor payouts for a minimum of 24 months and an average of 34 months, says Tordo. And, even if we stress the collections by 50%, investors can be paid for at least 10 months and 17 months on average.

Moodys also notes that nine of the 15 auto ABS transactions that we rate had utilized on average less than 1% of their credit facilities to fund investors payouts in January 2017, while the other six had funded investor payouts solely out of collections.

We expect our current ratings for Indian auto ABS deals to hold against the backdrop of a mild and temporary deterioration in performance. To rate those transactions, we have assumed mean loss levels that are higher than what has occurred historically during prolonged economic downturns, thereby providing sufficient buffer in our opinion to the deterioration in performance observed.

Looking ahead, Moodys expects Indian auto ABS delinquencies and collections to return during 2017 to levels prior to demonetization, as the economic slowdown triggered by the decision to remove a very large proportion of high denomination currency notes from circulation wanes, oil prices remain around current levels and positive policy initiatives announced in the Union Budget on 1 February 2017 take hold to support earnings of CV operators.

Income tax rates for lower-income individuals were cut by half in the budget, while the tax rate for micro and small- and medium-sized enterprises with annual turnovers of up to INR500 million was reduced to 25% from 30%. These lower tax rates will increase the disposable incomes of people with CV loans, which will be positive for the performance of auto ABS backed by such loans.

Furthermore, the Indian government has a target to double farmers incomes. As such, the performance of agriculture-linked assets that back ABS, such as loans for tractors or CVs used in agriculture-allied activities -- and present in most of the deals we rate although at low levels -- should improve, contingent on the implementation of schemes designed to achieve the governments target.

Powered by Capital Market - Live News

GAIL (India) gains after strong Q3 results
Feb 13,2017

The result was announced after market hours on Friday, 10 February 2017.

Meanwhile, the BSE Sensex was up 18.11 points, or 0.06%, to 28,352.36.

On the BSE, so far 58,000 shares were traded in the counter, compared with average daily volumes of 2.20 lakh shares in the past one quarter. The stock had hit a high of Rs 491.75 and a low of Rs 483.90 so far during the day.

The stock hit a 52-week high of Rs 493.90 on 9 February 2017. The stock hit a 52-week low of Rs 290.65 on 29 February 2016. The stock had outperformed the market over the past 30 days till 10 February 2017, rising 9.26% compared with the 3.99% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 10.11% as against Sensexs 5.65% decline.

The large-cap company has equity capital of Rs 1268.48 crore. Face value per share is Rs 10.

GAIL (India) said that its net profit in Q3 December 2016 was buoyed by a turnaround in petrochemicals segment and increase in profitability of liquid hydrocarbons segment.

The company also registered growth in physical performance in all segments on quarter on quarter basis i.e. petrochemical sales up by 8%, liquid hydrocarbon sales up by 4% and natural gas marketing & transmission volumes up by 3% and 2% respectively. The third quarter witnessed a pricing pressure in petchem business during November and December 2016, profit after tax (PAT) grew by 6% sequentially to Rs 983 crore.

GAIL (India), Indias largest natural gas company, is one of the seven Maharatna Public Sector Undertakings (PSUs).

Powered by Capital Market - Live News

RSWM slumps after weak Q3 result
Feb 13,2017

The result was announced after market hours on Friday, 10 February 2017.

Meanwhile, the S&P BSE Sensex was up 25.84 points, or 0.09%, to 28,360.09.

On the BSE, 4,344 shares were traded on the counter so far as against the average daily volumes of 5,453 shares in the past one quarter. The stock had hit a high of Rs 470 and a low of Rs 441.90 so far during the day.

The stock had hit a record high of Rs 510 on 6 February 2017 and a 52-week low of Rs 251.70 on 12 February 2016. The stock had outperformed the market over the past one month till 10 February 2017, advancing 6.46% compared with the Sensexs 5.33% rise. The scrip had also outperformed the market over the past one quarter advancing 4.57% as against the Sensexs 2.97% rise.

The small-cap company has equity capital of Rs 23.55 crore. Face value per share is Rs 10.

RSWM is one of the largest producers and exporters of polyster viscose blended yarn in the country. The company has strengths and expertise to deliver Indias largest quality of grey, dyed and melange yarn while specializing in technical fabric.

Powered by Capital Market - Live News

Coal India slips after weak Q3 results
Feb 13,2017

The result was announced on Saturday, 11 February 2017.

Meanwhile, the BSE Sensex was up 27.51 points, or 0.10%, to 28,361.76.

On the BSE, so far 1.51 lakh shares were traded in the counter, compared with average daily volumes of 2.30 lakh shares in the past one quarter. The stock had hit a high of Rs 319.20 and a low of Rs 314.55 so far during the day.

The stock hit a 52-week high of Rs 349.85 on 17 August 2016. The stock hit a 52-week low of Rs 272.05 on 12 April 2016. The stock had underperformed the market over the past 30 days till 10 February 2017, rising 3.89% compared with the 3.99% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 0.20% as against Sensexs 5.65% decline.

The large-cap company has equity capital of Rs 6316.36 crore. Face value per share is Rs 10.

Coal India (CIL) as an organized state owned coal mining corporate.

Powered by Capital Market - Live News

Enough funds for road building, orders worth Rs 5 lakh crore signed: Gadkari
Feb 13,2017

With the National Highway Authority of India having received a mandate from the Budget to raise Rs 70,000 crore through infrastructure bonds and easy availability of low cost overseas loans for the AAA rated NHAI, the governments road and highway building programme has enough cash to build the crucial infrastructure, Road Transport, Highway and Shipping Minister Mr Nitin Gadkari has said.

n++We have signed the contracts worth Rs five lakh crore for infrastructure, roads, ports. It is a very remarkable contribution from our investorsn++we do not have any problem, we are receiving public, private investment, we are receiving good response for the Public-Private Partnership, Build-Operate-Transfer and hybrid annuity (models)n++, Mr Gadkari said.

He said as many as 101 projects are ready for take off and funding the same would not be a problem. n++For NHAI, triple AAA rating is there. We already have permission from the Finance Minister for raising Rs 70,000 crore infrastructure bondsn++My toll income is Rs 10,000 crore per year. So, I can monetize for 15 years (and) I get Rs 2 lakh crore . There are 101 projects which are ready with where I am going to monetize and I will get Rs 1.25 lakh crore.. so money is not the problemn++, the senior Minister said.

Sharing a similar optimism for the port sector, Mr Gadkari said n++n++we are getting 3000 crore in dollar loans with 2.25 pc interest and we can raise Rs 50,000 crore without hedge with two per cent interestn++.

He made these optimistic observations in response to a question by ASSOCHAM. TV as how realistic the plans for the entire transport sector were when the private sector in particular, was facing a severe financial stress. The balance sheet stress is visible across different large contract firms in sectors such as roads, highways, ports ad, airports.

Mr Gadkari said his ministry was working on a number of waterway projects for improving the inland connectivity within big metros like Mumbai and for inter-city connectivity. During his recent visit to Davos in Switzerland for the World Economic Forum annual meeting, the minister said, he received a good response from the global investors for an array of infrastructure projects including water sports and skiing.

Powered by Capital Market - Live News

Board of Selan Explorations Technology recommends dividend
Feb 13,2017

Selan Explorations Technology announced that the Board of Directors of the Company at its meeting held on 11 February 2017, inter alia, have recommended the dividend of Rs 5 per equity Share (i.e. 50%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Board of Vidhi Dyestuffs Manufacturing recommends dividend
Feb 13,2017

Vidhi Dyestuffs Manufacturing announced that the Board of Directors of the Company at its meeting held on 11 February 2017, inter alia, have recommended the dividend of Rs 0.2 per equity Share (i.e. 20%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Board of Urja Global review orders and decided to raise fund through FPO
Feb 13,2017

Urja Global announced that the Board of Directors of the Company at its meeting held on 11 February 2017 has approved the following -

The company has received work orders from PEC (A Government of India undertaking) for installation of grid connected solar roof top power plant on various ministry buildings in two more states, namely, West Bengal and Karnataka, taking the aggregate capacity of the work to 1.5 MW worth Rs 11 crore including states of Uttar Pradesh, Punjab, Rajasthan, Haryana, Bihar and Jharkhand.

The Board has suggested some corrective measured in Chhattisgarh project and noted overall development during the quarter under review.

The Board has considered the fund raising prospects and decided to raise funds through further public offer.

Powered by Capital Market - Live News

PTC India drops after poor Q3 outcome
Feb 13,2017

The result was announced on Sunday, 12 February 2017.

Meanwhile, the S&P BSE Sensex was up 14.46 points or 0.05% at 28,348.71

On BSE, so far 1.60 lakh shares were traded in the counter as against average daily volume of 2.57 lakh shares in the past one quarter. The stock hit a high of Rs 91.50 in intraday trade today, 13 February 2017, matching its 52-week high of Rs 91.50 hit on Friday, 10 February 2017. The stock hit a low of Rs 88 so far during the day. The stock had hit a 52-week low of Rs 56.15 on 12 February 2016.

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

PTC India provides power trading solutions in India. Its primary focus is to develop a commercially vibrant power market in the country.

Powered by Capital Market - Live News

Board of Tijaria Polypipes approves shifting of registered office
Feb 13,2017

The Board of Directors of Tijaria Polypipes at its meeting held on 11 February 2017 has approved the shifting of registered office of the Company to A-130 (E), Road No. 9D, Vishwakarma Industrial Area, Jaipur - 302013.

Powered by Capital Market - Live News

Centre cautions Chief Ministers of vacuum if Real Estate Act timelines not met by April 30
Feb 13,2017

With buyers entitled to seek relief under the Real Estate (Regulation & Development) Act,2016 with effect from the first of May this year, the central government has cautioned the States of a serious situation of vacuum arising if necessary institutional mechanisms, as required under the Act were not put in place before that.

In the context of only four States and six Union Territories so far notifying the final Real Estate Rules and complaints of violation of some of the provisions of the Act by some States, Minister of Housing & Urban Poverty Alleviation Shri M. Venkaiah Naidu last week urged the Chief Ministers to take personal interest in ensuring implementation of the Act in letter and spirit. In a letter dated February 9, 2017, to all the Chief Ministers of States, he stressed that n++Real Estate Act is one of the most important reforms for the sector, which would bring benefits to all stakeholders. It is therefore, my sincere request to please bestow your personal attention to this matter so that the Act is implemented in time and in the spirit with which it was passed by the Parliamentn++.

Shri Naidu also cautioned the Chief Ministers stating n++Appropriate Governments are required to establish the Real Estate Regulatory Authorities and the Appellate Tribunals, maximum by 30th April, 2017. The timelines are important as the Act would commence its full operation from 1st May, 2017and in the absence of Rules and Regulatory Authority and Appellate Tribunal, the implementation of the Act would be affected in your State, leading to a vacuum in the sectorn++.

The Minister in his two page letter to the Chief Ministers said that the Real Estate Act, 2016 was one of the most consumer friendly laws passed by the Parliament and its timely implementation is the responsibility of both the Central and State Governments and this would not only provide the much needed consumer protection, but would also give a fillip to the sector, benefitting all the stakeholders.

Ministry of HUPA had organized a consultative workshop with all the States/UTs on the 17th of last month to review the progress made by them and apprise them of their responsibilities under the Act and the timelines to be met to enable the consumers take benefits of the Act from the first of May this year and the need to ensure that the Rules were not in variance with the spirit of the Act.

Over 60 Sections of the Act were notified by the Ministry of HUPA on May 1st last year, including Section 84 under which States were required to notify Real Estate Rules by October 31st last year thereby setting the ground for implementation of the Act.

So far, Rules have been notified by only four States and for six Union Territories. Ministry of HUPA, mandated with the responsibility of making Rules for UTs without legislatures has done so for Andaman & Nicobar Islands, Chandigarh, Dadra & Nagar Haveli, Daman & Diu and Lakshadweep while the Ministry of Urban Development has done so for Delhi. A few other States have been reported to have notified only Draft Rules seeking views and suggestions from stakeholders.

States that have notified final Rules are: Gujarat, Madhya Pradesh, Kerala and Uttar Pradesh. The Ministry has received some complaints of violations of some of the provisions of the Act by some of these States resulting in dilution of the spirit of the Act. The Ministry has referred the complaints to the Committee on Subordinate Legislation of Rajya Sabha. In this back drop, Shri Venkaiah Naidu urged the Chief Ministers to ensure compliance with the Act, as passed by the Parliament. From May 1st this year, under the provisions of the Act, both buyers and developers of real estate property can approach Real Estate Regulatory Authorities seeking relief against the other for violation of the contractual obligations and other provisions of the Act. For this to happen, Real Estate Rules including the General Rules and the Agreement for Sale Rules, Real Estate Authorities and Appellate Tribunals were required to be in place and in a position to start functioning.

Powered by Capital Market - Live News

Board of Bloom Dekor approves change in company secretary
Feb 13,2017

Bloom Dekor announced that the Board of Directors of the company at its meeting held on 11 February 2017 has taken note of resignation of Shivangi Gajjar from the post of company Company Secretary and Compliance officer and appointed Tushar Donda as Company Secretary and Compliance officer with effect from 1 February 2017.

Powered by Capital Market - Live News

Hindustan Motors spurts after selling Ambassador brand to Peugeot
Feb 13,2017

The announcement was made after market hours on Friday, 10 February 2017.

Meanwhile, the BSE Sensex was up 17.26 points, or 0.06%, to 28,351.51.

On the BSE, so far 9.19 lakh shares were traded in the counter, compared with average daily volumes of 3.24 lakh shares in the past one quarter. The stock hit a high of Rs 12.80 so far during the day, which is also 52-week high for the counter. The stock hit a low of Rs 12.10 so far during the day.

The stock hit a 52-week low of Rs 4.51 on 24 June 2016. The stock had outperformed the market over the past 30 days till 10 February 2017, rising 21.41% compared with the 3.99% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 39.42% as against Sensexs 5.65% decline.

The small-cap company has equity capital of Rs 104.33 crore. Face value per share is Rs 5.

Hindustan Motors manufactured the iconic Ambassador car. The car was in production from 1958 to 2014.

Hindustan Motors reported net loss of Rs 5.04 crore in Q2 September 2016 as against net loss of Rs 6.35 crore in Q2 September 2015. No sales were reported during this period.

Powered by Capital Market - Live News