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

NTPC drops amid volatility
Apr 20,2017

The announcement was made after market hours yesterday, 19 April 2017.

Meanwhile, the S&P BSE Sensex was up 84.55 points or 0.29% at 29,421.12.

On the BSE, 1.65 lakh shares were traded on the counter so far as against the average daily volumes of 3.46 lakh shares in the past one quarter. The stock had lost 0.91% at the days low of Rs 163.20 so far during the day. It rose 0.18% at the days high of Rs 165 so far during the day.

The stock had hit a 52-week high of Rs 177.80 on 27 January 2017 and a 52-week low of Rs 133.50 on 19 May 2016. It had outperformed the market over the past one month till 19 April 2017, advancing 2.87% compared with the Sensexs 1.05% fall. The scrip had, however, underperformed the market over the past one quarter, sliding 5.37% as against the Sensexs 7.43% rise.

The large-cap company has equity capital of Rs 8245.46 crore. Face value per share is Rs 10.

NTPC said that its board of directors accorded approval for updating and upsizing the $4 billion medium term notes (MTN) programme upto $6 billion for raising debt from international markets to part finance the capital expenditure on new/ongoing projects, coal mining projects, renovation and modernization of power stations and for other permissible end uses.

The board of directors has approved the proposal to issue Notes up to Rs 5000 crore (Rupee denominated bonds) and/or upto $750 million equivalent (foreign currency bonds other than Rupee denominated) in the international markets either under the MTN programme or on standalone basis, in one or more tranches on the terms and conditions as may be agreed with the prospective investor(s) to finance the capital expenditure of new/ongoing projects, coal mining projects, renovation and modernization of power stations and/or for such other purposes as permissible under the ECB guidelines of the RBI.

Shares of NTPC had risen 3.48% in the preceding two trading sessions to settle at Rs 164.70 yesterday, 19 April 2017, from its closing of Rs 159.15 on 17 April 2017.

NTPCs net profit fell 7.5% to Rs 2468.72 crore on 11.1% rise in net sales to Rs 19287.47 crore in Q3 December 2016 over Q3 December 2015.

NTPC, Indias largest power company, has presence in the entire value chain of power generation business. The government of India held 69.75% stake in the firm as on 31 December 2016, as per the shareholding pattern.

Powered by Capital Market - Live News

Layoffs in IT not ruled out; sector reeling under visa curbs, rising rupee: ASSOCHAM
Apr 20,2017

With the US tightening the norms for H-1B visas under the President Donald Trumps Buy American, Hire American campaign, the Indian IT companies are bound to face disruptions by way of higher costs and even some laying off work force back home, as the rising rupee is aggravating the situation further for the technology export firms, an ASSOCHAM paper has cautioned.

Nearly 86% of the H-1B visas issued for workers in the computer space go to Indians and this figure is now sure to be scaled down to about 60 % or even less.

Remittances from US would decline hurting the balance of payment. World Bank data showed the U.S was the second largest source of remittance for India in 2015, behind Saudi Arabia, and about $10.96 billion-nearly 16 percent of the total inflows were sent to India. ASSOCHAM expects it to disturb the balance by 8-10%.

As the cost pressure would increase, aggravated by rising rupee leading to lower realizations, the Indian IT firms may be forced to displace work force. n++In that case, the chances of layoffs are real,n++ the ASSOCHAM Secretary General Mr D S Rawat cautioned, while impressing upon the IT industry apex bodies and the government to work out a joint strategy to deal with the unfolding situation. In the last three months, the Indian currency has gained by at least five per cent against US dollar, reducing net realizations for software exporters, among other export -oriented sectors.

n++After all, our stakes are quite high. It is a question of USD 100 billion software export industry that employs over four million people and reservations for H1B visa for start-ups with less than 50 employee will decrease the number of visa available for Indian firms.

According to the ASSOCHAM paper, the reverses resulting from the tightening of the H1B visas would force IT giants to create fundamental changes in their strategies in terms of hiring, salaries, jobs, impacting employees in India too.

The move would also have an adverse macro impact for the Indian external sector economy. Remittances from US would decline hurting the balance of payment. World Bank data showed the U.S. was the second largest source of remittance for India in 2015 with USD 11 billion - nearly 16 percent of the total inflows. n++We expect disturbances in remittances by 8-10%n++, the paper said, adding there would be fewer opportunities for individuals to work on offshore location.

With the UK already hiking the minimum wage requirement to n++35,000 for tier-2 visa immigrants, this latest move by the US will act as a definitive dampener to the Indian outsourcing industry.

The alternate solutions for the Indian outsourcing industry are: investing in n++near shore centresn++ - facilities close to the US, focus on local hiring in America and to work virtually, which is becoming easier with the wider adoption of cloud services and greater digitization.

Powered by Capital Market - Live News

Jay Bharat Maruti spurts after strong Q4 results
Apr 20,2017

The result was announced after market hours yesterday, 19 April 2017.

Meanwhile, the S&P BSE Sensex was up 30.54 points, or 0.10% to 29,367.11.

On the BSE, 1.10 lakh shares were traded in the counter so far, compared with average daily volumes of 15,722 shares in the past one quarter. The stock had hit a high of Rs 506.75 so far during the day, which is also a record high for the counter. The stock had hit a low of Rs 466.30 so far during the day. The stock hit a 52-week low of Rs 138.10 on 18 July 2016.

The stock had outperformed the market over the past one month till 19 April 2017, rising 1.47% compared with 0.50% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 24.12% as against Sensexs 7.43% rise.

The small-cap company has equity capital of Rs 10.83 crore. Face value per share is Rs 5.

Jay Bharat Marutis net profit rose 35.1% to Rs 53.77 crore on 17.3% increase in net sales to Rs 1526.63 crore in the year ended March 2017 over the year ended March 2016.

Jay Bharat Maruti is engaged in manufacturing components for automobiles.

Powered by Capital Market - Live News

Visagar Polytex to hold board meeting
Apr 20,2017

Visagar Polytex will hold a meeting of the Board of Directors of the Company on 19 April 2017.

Powered by Capital Market - Live News

Board of Mold-Tek Technologies recommends dividend
Apr 20,2017

Mold-Tek Technologies announced that the Board of Directors of the Company at its meeting held on 19 April 2017, inter alia, have recommended the dividend of Rs 0.3 per equity Share (i.e. 15%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

SREI Infrastructure Finance to hold board meeting
Apr 20,2017

SREI Infrastructure Finance will hold a meeting of the Board of Directors of the Company on 9 May 2017, to approve the Audited Standalone and Consolidated Financial Results of the Company for the Financial Year ended on 31st March 2017, and Recommendation of dividend for the Financial Year ended on 31st March.

Powered by Capital Market - Live News

RIL inches up after commissioning ethane plant at Dahej
Apr 20,2017

The announcement was made after market hours yesterday, 19 April 2017.

Meanwhile, the S&P BSE Sensex was up 35.35 points or 0.12% at 29,371.92.

On the BSE, 53,000 shares were traded on the counter so far as against the average daily volumes of 2.05 crore shares in the past one quarter. The stock had hit a high of Rs 1,386.90 and a low of Rs 1,370 so far during the day.

The stock had hit a 52-week high of Rs 1,448.50 on 6 April 2017 and a 52-week low of Rs 925.70 on 23 May 2016. It had outperformed the market over the past one month till 19 April 2017, advancing 5.32% compared with the Sensexs 1.05% fall. The scrip had also outperformed the market over the past one quarter, gaining 32.51% as against the Sensexs 7.43% rise.

The large-cap company has equity capital of Rs 3251.33 crore. Face value per share is Rs 10.

Reliance Industries (RIL) announced the successful and flawless completion of its Ethane project including commissioning of its ethane receipt & handling facilities and ethane cracking at its Dahej manufacturing facility in Gujarat in a record time of less than 3 years.

The Shale gas industry in North America has grown exponentially in the past 5 years. Consequently ethane has become one of the most competitively priced feedstock for US crackers, RIL said.

The supply of Ethane to RILs crackers at Dahej, Hazira and Nagothane will provide feedstock security and flexibility enabling it to select the most optimal feed mix based on market conditions, the company said. This will improve the cost competitiveness of its existing crackers and enable it to optimize the portfolio in a volatile market environment, RIL said in a statement.

RILs consolidated net profit rose 3.6% to Rs 7506 crore on 17.6% growth in net sales to Rs 79408 crore in Q3 December 2016 over Q3 December 2015.

Reliance Industries (RIL) is Indias largest private sector company. RILs activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and telecommunications.

Powered by Capital Market - Live News

Kitex Garments jumps on bonus issue plan
Apr 20,2017

The announcement was made after market hours yesterday, 19 April 2017.

Meanwhile, the S&P BSE Sensex was up 38.26 points, or 0.13% to 29,374.83.

On the BSE, 8,806 shares were traded in the counter so far, compared with average daily volumes of 16,640 shares in the past one quarter. The stock had hit a high of Rs 468.65 and a low of Rs 444.80 so far during the day. The stock hit a 52-week high of Rs 543.20 on 4 July 2016. The stock hit a 52-week low of Rs 354 on 22 November 2016.

The stock had outperformed the market over the past one month till 19 April 2017, rising 1.59% compared with 0.50% decline in the Sensex. The scrip had, however, underperformed the market in past one quarter, rising 1.05% as against Sensexs 7.43% rise.

The small-cap company has equity capital of Rs 4.75 crore. Face value per share is Re 1.

A meeting of the board of directors of Kitex Garments is scheduled be held on Friday, 28 April 2017, to consider a proposal for issue of bonus shares. The board will also consider audited financial results of the company for the year ended 31 March 2017.

Kitex Garments net profit rose 31.9% to Rs 31.75 crore on 15.9% growth in net sales to Rs 127.47 crore in Q3 December 2016 over Q3 December 2015.

Kitex Garments is a producer of childrens apparel.

Powered by Capital Market - Live News

Nucleus Software jumps on buyback plan
Apr 20,2017

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

Meanwhile, the S&P BSE Sensex was up 72.64 points, or 0.25% to 29,409.21.

On the BSE, 33,000 shares were traded in the counter so far, compared with average daily volumes of 19,189 shares in the past one quarter. The stock had hit a high of Rs 279.70 and a low of Rs 261 so far during the day. The stock hit a 52-week high of Rs 303.30 on 9 December 2016. The stock hit a 52-week low of Rs 171 on 29 September 2016.

The stock had outperformed the market over the past one month till 19 April 2017, rising 7.25% compared with 0.50% decline in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 6.87% as against Sensexs 7.43% rise.

The small-cap company has equity capital of Rs 32.38 crore. Face value per share is Rs 10.

A meeting of the board of directors of Nucleus Software Exports will be held on Tuesday, 25 April 2017, to consider the proposal of buyback of fully paid up equity shares of the company, up to such amount of the aggregate of companys paid up equity share capital and free reserves.

On a consolidated basis, Nucleus Software Exports net profit rose 16.37% to Rs 15.92 crore on 2.57% decline in net sales to Rs 93.14 crore in Q3 December 2016 over Q2 September 2016.

Nucleus Software is the leading provider of lending and transaction banking products to the global financial services industry. Its software powers the operations of more than 150 companies in 50 countries, supporting retail banking, corporate banking, cash management, internet banking, automotive finance and other business areas.

Powered by Capital Market - Live News

Future Retail jumps after board OKs demerger of home retail ops
Apr 20,2017

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

Meanwhile, the S&P BSE Sensex was up 49.77 points, or 0.17% to 29,386.34.

On the BSE, 1.96 lakh shares were traded in the counter so far, compared with average daily volumes of 1.21 lakh shares in the past one quarter. The stock had hit a high of Rs 312.85 so far during the day, which is also record high for the counter. The stock had hit a low of Rs 290.40 so far during the day. The stock hit a record low of Rs 116.10 on 5 December 2016.

The stock had outperformed the market over the past one month till 19 April 2017, rising 15.14% compared with 0.50% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 76.42% as against Sensexs 7.43% rise.

The large-cap company has equity capital of Rs 94.36 crore. Face value per share is Rs 2.

Future Retail announced that its board approved demerging the companys home retail business operated via HomeTown stores into Praxis Home Retail. Post the demerger, the company will list Praxis Home retail on stock exchanges. Praxis Home will issue 1 share to Future Retail shareholders for every 20 shares held, the filing said.

Further, the companys board also approved raising the firms foreign investment limit to 49% from 24%.

Future Retails net profit rose 87.7% to Rs 101.05 crore on 77.4% increase in net sales to Rs 4321.75 crore in Q3 December 2016 over Q3 December 2015.

Future Retail operates hypermarket and home solutions retail formats.

Powered by Capital Market - Live News

Network 18 Media spurts about 13% in two sessions
Apr 20,2017

Meanwhile, the S&P BSE Sensex was up 53.42 points, or 0.18% to 29,475.81.

On the BSE, 6.92 lakh shares were traded in the counter so far, compared with average daily volumes of 2.39 lakh shares in the past one quarter. The stock had hit a high of Rs 46.25 and a low of Rs 40.80 so far during the day. The stock hit a 52-week high of Rs 49.20 on 29 September 2016. The stock hit a 52-week low of Rs 30.50 on 27 December 2016.

The stock had outperformed the market over the past one month till 20 April 2017, rising 17.99% compared with 0.87% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 17.82% as against Sensexs 8.83% rise.

The mid-cap company has equity capital of Rs 523.47 crore. Face value per share is Rs 5.

The board of directors of Network 18 Media & Investments at its meeting held yesterday, 19 April 2017, evaluated the proposal of restructuring its business of food and restaurant search and recommendation engine operated under the name of BURRP, which has insignIficant contribution to the revenue of the company.

The board has given in-principle approval to sell/transfer/dispose-off or transfer BURRP to any other entity including a related party/getting a strategic investor.

In this regard, the board has authorised certain directors and officers of the company to evaluate the various options and take such further action in the matter, as may be suitable, after complying with necessary regulatory requirements.

The announcement was made after market hours on Wednesday, 19 April 2017. Shares of Network 18 Media & Investments rose 3.22% to end at Rs 41.65 yesterday, 20 April 2017. The stock has risen 12.76% in two trading session from its close of Rs 40.35 on Wednesday, 19 April 2017.

On a consolidated basis, Network 18 Media & Investments reported net loss of Rs 33.32 crore in Q4 March 2017 as against net loss of Rs 24.99 crore in Q4 March 2016. Net sales declined 18.08% to Rs 387.67 crore in Q4 March 2017 over Q4 March 2016.

Network18 Media and Investments is a media and entertainment company with interests in television, internet, filmed entertainment, digital business, magazines, mobile content and allied businesses.

Powered by Capital Market - Live News

Board of Autoline Industries approves settlement of dispute with CJ Holdings
Apr 20,2017

Autoline Industries announced that the Board of Directors at its meeting held on 17 April 2017 considered the matter of dispute raised by CJ Holdings North America, LLC (CJ Holdings) with reference to Stock Purchase Agreement dated 23 December 2014 (SPA) entered into by the Company with CJ Holdings for selling of its entire holding in its Overseas Subsidiaries i.e. Autoline Butler, Indiana and its step down subsidiaries.

CJ Holdings alleged the accuracy of certain representations and warranties in the SPA and the consummation of the transactions contemplated in the SPA and claimed that it sustained substantial damages.

After in depth study of claim and thorough discussion with US Counsel/Attorney of the Company and independent firm of CPAs, the matter was put before the Board meeting of the Company for consideration and the Board deliberated in the matter and it was noted that the Company does not accept any of the allegations of CJ but considering the high likelihood that CJ Holding will recover $ 1.00 million under SPA as indemnification damages cap, high cost of litigating a lawsuit in US, uncertainty of outcome of litigation etc. the Board has approved and accepted settlement of claim for an amount of $ 1.7 million which is to be paid in instalments upto 16 June 2018 subject to RBI and other necessary approvals. The Company has executed settlement agreement on 18 April 2017.

Powered by Capital Market - Live News

Precious metals lose shine
Apr 20,2017

precious metals ended lower at Comex on Wednesday, 19 April 2017. Gold prices tumbled to their lowest finish in a week on Wednesday as the dollar clawed its way up from the three-week low reached on Tuesday. Still, tensions over North Korea and looming French and U.K. elections that hold implications for the European economy have provided haven investor demand for precious metals in recent days.

On Wednesday, June gold fell $10.70, or 0.8%, to settle at $1,283.40 an ounce. Gold prices had scored a fifth straight session gain on Tuesday to settle at their highest level since early November. Prices for the yellow metal initially extended their losses in electronic trading after the Federal Reserve released its Beige Book synopsis of economic conditions after the gold-price settlement on Wednesday. But prices edged up to $1,283.70 about a half an hour after the report.

May silver meanwhile, fell 11 cents, or 0.6%, to settle at $18.162 an ounce, with prices holding ground around that level shortly after the Beige Book release.

The ICE U.S. Dollar Index rose 0.2% to 99.716. Gold and the dollar often move inversely as a stronger dollar dulls the appeal of dollar-pegged assets for investors using other currencies.

Meanwhile, U.S. equities, assets considered risky, traded on a mixed note, while crude-oil futures dropped on the back of a surprise weekly climb in U.S. gasoline stockpiles, ahead of the May contracts expiration on Thursday.

Investors remained nervous ahead of Frances first round of the countrys presidential election on Sunday. British Prime Minister Theresa Mays call on Tuesday for a snap general election in June, a strategic step as she navigates Britains exit from the European Union, added to riskier market nervousness, underpinning gold and silver.

Powered by Capital Market - Live News

Yes Bank slips as sticky loans rise in Q4
Apr 20,2017

The result was announced after market hours yesterday, 19 April 2017.

Meanwhile, the S&P BSE Sensex was up 38.06 points or 0.13% at 29,374.63.

On the BSE, 1.76 lakh shares were traded on the counter so far as against the average daily volumes of 1.70 lakh shares in the past one quarter. The stock had hit a high of Rs 1,574.40 and a low of Rs 1,501 so far during the day.

The stock had hit a record high of Rs 1,638 on 13 April 2017 and a 52-week low of Rs 871.45 on 25 April 2016. It had outperformed the market over the past one month till 19 April 2017, advancing 6.46% compared with the Sensexs 1.05% fall. The scrip had also outperformed the market over the past one quarter, gaining 19.17% as against the Sensexs 7.43% rise.

The large-cap bank has equity capital of Rs 456.67 crore. Face value per share is Rs 10.

Yes Banks net profit rose 30.2% to Rs 914.10 crore on 29.4% rise in total income to Rs 5606.38 crore in Q4 March 2017 over Q4 March 2016.

The banks gross non-performing assets (NPAs) rose to Rs 2018.56 crore as on 31 March 2017 as against Rs 1005.85 crore as on 30 December 2016 and Rs 748.98 crore as on 31 March 2016.

The ratio of gross NPAs to gross advances rose to 1.52% as on 31 March 2017 as against 0.85% as on 31 December 2016 and 0.76% as on 31 March 2016. The ratio of net NPAs to net advances stood at 0.81% as on 31 March 2017 as against 0.29% as on 31 December 2016 and 0.29% as on 31 March 2016.

The banks provisions and contingencies (excluding tax provisions) rose 66.11% to Rs 309.73 crore in Q4 March 2017 over Q4 March 2016.

The board of directors of the bank recommended the payment of final dividend Rs 12 per share for the year ended 31 March 2017 (FY 2017).

The board has also approved raising of funds by way of issuance of debt securities including but not limited to non-convertible debentures, MTN (medium term notes), bonds upto Rs 20000 crore (in Rupee or foreign currency) by the bank to eligible investors on private placement, subject to approval of the shareholders.

Yes Bank is one of the leading private sector banks in India.

Powered by Capital Market - Live News

Board of TPL Plastech approves change in directorate
Apr 20,2017

The Board of Directors of TPL Plastech have appointed Mangesh Sarfare as Whole Time Director and Anil Jain as an Additional Director on the Board of the Company. The Board has accepted the resignation of existing Whole Time Director Kamlesh Joisher.

Powered by Capital Market - Live News