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 Bodhtree Consulting to consider Q3 and 9M results
Jan 11,2017

Bodhtree Consulting announced that the Meeting of the Board of Directors of the Company will be held on 19 January 2017, inter alia, to:

1. Consider and approve the Un-audited Financial Results as per Regulation 33 of LODR for the Quarter and Nine Months ended on 31 December 2016.

2. To take note of Limited Review Report obtained from the Statutory Auditors of the Company on Un-Audited Financial Results for the Quarter and Nine Months ended on 31 December 2016.

Powered by Capital Market - Live News

Board of PVV Infra to consider JV proposal and appoint compliance officer
Jan 11,2017

PVV Infra announced that a meeting of the Board of Directors of the Company will be held on 19 January 2017 to transact inter alia the following business:

1. Consider joint venture with Buildtek, which is into pre fabricated building technology with advanced manufacturing facility at Ravulapallem, West Godavari, Andhra Pradesh.

2. To consider the appointment of Compliance Officer of the Company.

Powered by Capital Market - Live News

Board of Samrat Pharmachem to consider December quarter results
Jan 11,2017

Samrat Pharmachem announced that a meeting of the Board of Directors of the Company will be held on 14 February 2017, inter alia, to consider and take on record the Un-Audited Financial Results of the Company for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

Adani Enterprises incorporates subsidiary - Adani Agri Logistics (Kannauj)
Jan 11,2017

Adani Enterprises has incorporated a wholly owned subsidiary namely, Adani Agri Logistics (Kannauj)n++ (AALKL) on 10 January 2016.

Powered by Capital Market - Live News

Adani Enterprises incorporates subsidary - Adani Agri Logistics (Panipat)
Jan 11,2017

Adani Enterprises has incorporated a wholly owned subsidiary namely, Adani Agri Logistics (Panipat) (AALPL) on 11 January 2016.

Powered by Capital Market - Live News

Royal Orchid spurts after acquiring remaining stake in its subsidiary
Jan 11,2017

The announcement was made during market hours today, 11 January 2017.

Meanwhile, the BSE Sensex was up 155.27 points, or 0.58%, to 27,054.83.

More than usual volumes were witnessed on the counter. On the BSE, 33,754 shares were traded in the counter so far as against average daily volume of 13,386 shares in the past one quarter. The stock had hit a high of Rs 86.40 and a low of Rs 75.20 so far during the day. The stock had hit a 52-week high of Rs 115.10 on 11 January 2016. The stock had hit a 52-week low of Rs 56.60 on 17 February 2016.

The stock had underperformed the market over the past one month till 10 January 2017, falling 0.33% compared with the Sensexs 0.57% gains. The scrip had, however, outperformed the market in past one quarter, gaining 15.06% as against the Sensexs 4.21% fall.

The small-cap company has equity capital of Rs 27.23 crore. Face value per share is Rs 10.

Upon acquisition of shares from the joint venture partner, Amartara Hospitality Private Limited has become wholly owned subsidiary of Royal Orchid Hotels. The cost of acquisition is Rs 2.5 crore. Earlier, Royal Orchid held 75.1% stake in Amartara Hospitality. The acquisition is a part of settlement agreement between the joint venture partners.

The consideration shall be payable on or before expiry of three years from 6 January 2017 or on or before the expiry of 30 days after the date on which the immovable property of the company is sold, whichever is earlier.

Amartara Hospitality was incorporated in 2009, with an object of running hospitality business. However, it could not commence its hotel operation as on date. The paid up share capital of Amartara Hospitality is Rs 35.50 crore.

Royal Orchid Hotels net profit rose 33.7% to Rs 2.74 crore on 8.7% decline in net sales to Rs 19.19 crore in Q2 September 2016 over Q2 September 2015.

Royal Orchid Hotels operates business and leisure hotels in popular destinations.

Powered by Capital Market - Live News

Indiabulls Housing Finance advances after bulk deal
Jan 11,2017

Meanwhile, the S&P BSE Sensex was up 168.67 points or 0.63% at 27,068.23

Bulk deal boosted volume on the scrip. On the BSE, 17.20 lakh shares were traded in the counter so far as against average daily volume of 1.21 lakh shares in the past one quarter. The stock had hit a high of Rs 713.50 and a low of Rs 688.05 so far during the day.

The stock had hit a record high of Rs 895 on 20 October 2016. The stock had hit a 52-week low of Rs 551 on 24 February 2016. The stock had underperformed the market over the past 30 days till 10 January 2017, falling 0.8% compared with the Sensexs 1.45% rise. The scrip also underperformed the market in past one quarter, sliding 18.67% as against the Sensexs 4.21% fall.

The large-cap company has equity capital of Rs 84.75 crore. Face value per share is Rs 2.

Indiabulls Housing Finance recently announced that it has reduced its home loan rate by 45 basis points to 8.65% for its customers with effect from 3 January 2017.

Indiabulls Housing Finances consolidated net profit rose 23.2% to Rs 684.31 crore on 28.02% growth in total income to Rs 2874.95 crore in Q2 September 2016 over Q2 September 2015.

Indiabulls Housing Finance is a housing finance company. The company also provides other loans, such as loan against residential properties for home improvement and to small businesses, commercial vehicle loans, and corporate loans for housing projects.

Powered by Capital Market - Live News

Moodys affirms Baa3 ratings of Indian state-owned oil refiners
Jan 11,2017

Moodys Investors Service has affirmed the Baa3 ratings of Indias three state-owned oil refining and marketing companies -- Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL), and Hindustan Petroleum Corporation (HPCL).

Moodys has also assigned Baa3 ratings to the foreign currency senior unsecured bonds to be issued by BPRL International Singapore Pte. Ltd. and guaranteed by BPCL. The issuance is in the form of a drawdown from an MTN program.

The outlook on the ratings of all three oil refining and marketing companies is positive.

A list of affected ratings can be found at the end of this press release.

RATINGS RATIONALE

The ratings affirmation reflects the continued improvement in the credit metrics of the three oil refining and marketing companies, as diminished levels of fuel subsidies and moderated working capital requirement -- resulting from low oil prices -- have reduced borrowings, says Vikas Halan, a Moodys Vice President and Senior Credit Officer.

The sustained decline in crude oil prices since June 2014, along with the deregulation of diesel prices since October 2014, has led to a structural decline in total subsidies in India.

The amount of subsidies had fallen to INR276 billion in fiscal 2016 from INR 1.4 trillion in fiscal 2014. For the six months ended 30 September (1H FY2017), subsidies totaled INR78 billion.

Furthermore, the earnings of the oil refining and marketing companies have improved as the commissioning of new capacity and higher marketing margins have more than offset weaker refining margins.

We expect the earnings of the state-owned refiners to improve as their additional capacities become fully operational during fiscal 2018, says Halan, who is also the lead analyst for the oil refining and marketing companies at Moodys.

As a result of better earnings and lower borrowings, the credit metrics of the oil refining and marketing companies have improved to levels that are more consistent with a higher BCA.

Debt/EBITDA for all three had dropped below 2x as of fiscal 2016 against more than 3x-4x in fiscal 2014. RCF/debt was above 35%-40% for fiscal 2016.

These and other metrics position the companies strongly relative to previous expectation. Consequently, Moodys has upgraded the baseline credit assessments (BCAs) of all three oil refining and marketing companies to ba1 from ba2.

However, the companies will continue expanding their capacities in line with the growth in demand for petroleum products in India. Such investments have long gestation periods, thereby resulting in negative free cash flows at certain points of their investment cycle.

Further, the oil refining and marketing companies plan to invest in upstream assets through acquisitions. BPCL and IOC invested $1 billion in 2016, buying upstream assets in Russia.

The continued need to expand capacity and investment in upstream assets could result in increased borrowings and weaker credit metrics, especially if refining or marketing margins decline.

The BCAs already incorporate a moderate deterioration in credit metrics. Nevertheless, we expect their fundamental stand-alone credit profile to remain well positioned at the current level.

The three oil refining and marketing companies are government-related issuers (GRIs) and their ratings incorporate their BCAs plus a one-notch uplift reflecting our expectation for government support. Their Baa3 ratings and positive outlook are in line with Indias sovereign rating and outlook.

The BCAs could be upgraded further if the oil refining and marketing companies continue to manage their capacity expansion plans in such a way that their credit metrics continue to remain strong for their BCAs.

Specifically, RCF/debt staying above 20%-25% and EBIT/interest staying above 5x-6x will be indicative of upward pressure on the BCAs. An upgrade of the BCAs will not automatically lead to an upgrade of the issuer ratings. The final ratings will only be upgraded if the sovereign rating is upgraded.

The BCAs could be downgraded if the oil refining and marketing companies engage in more aggressive debt-funded expansion or acquisitions, such that their credit metrics weaken significantly. Specifically, RCF/debt falling below 10%-15% and EBIT/interest below 4x-5x will be indicative of downward pressure on the BCAs.

A downgrade of the BCAs will not automatically result in a downgrade of the issuer ratings.

The issuer ratings may face downward pressure if (1) the rating of the sovereign is lowered or (2) the government makes changes to the subsidy framework that are negative for oil refining and marketing companies, or (3) the oil refining and marketing companies BCAs deteriorate below ba3, or (4) the relationship between the oil refining and marketing companies and the government changes, which would require a reassessment of the level of support incorporated into the ratings.

The proposed foreign currency bonds are rated at the same level as BPCLs foreign currency issuer rating because the bonds are unconditionally and irrevocably guaranteed by BPCL and the guarantee is pari passu to all senior unsecured obligations of BPCL.

List of ratings affirmed

.Issuer: Indian Oil Corporation

..Foreign Currency Issuer Rating, Baa3

..Senior Unsecured Regular Bond/Debenture, Baa3

.Issuer: Hindustan Petroleum Corporation

..Foreign Currency Issuer Rating, Baa3

.Issuer: Bharat Petroleum Corporation

..Foreign Currency Issuer Rating, Baa3

..Senior Unsecured MTN Program, (P) Baa3

..Senior Unsecured Regular Bond/Debenture, Baa3

List of ratings assigned

.Issuer: BPRL International Singapore

..Backed Senior Unsecured MTN Program, (P) Baa3

..Backed Senior Unsecured Regular Bond/Debenture, Baa3

Powered by Capital Market - Live News

PSU OMCs extend prior sessions gains on fall in crude oil prices
Jan 11,2017

HPCL (up 1.99%), BPCL (up 0.64%) and Indian Oil Corporation (IOCL) (up 0.53%) edged higher.

HPCL, BPCL and IOCL had gained 3.26%, 0.86% and 1.08%, respectively, in the preceding session.

The S&P BSE Sensex was up 143.01 points or 0.53% at 27,043.21.

Lower crude oil prices could decrease under-recoveries of public sector oil marketing companies (PSU OMCs) on domestic sale of liquified petroleum gas (LPG) and kerosene at controlled prices. The government has already freed pricing of petrol and diesel.

In global commodities markets, Brent for March 2017 settlement was up 10 cents at $53.74 a barrel. The contract had dropped $1.3 a barrel or 2.36% to settle at $53.64 a barrel during previous trading session.

Crude oil prices edged up today, 11 January 2017, lifted by a small supply cut by crude exporter Saudi Arabia, but markets remained under pressure from signs that the planned Organization of the Petroleum Exporting Countries (OPEC) output reductions were being poorly implemented and as supplies from elsewhere rose.

Powered by Capital Market - Live News

Chembond Chemicals gains on plan to acquire additional stake in JV
Jan 11,2017

The announcement was made after market hours yesterday, 10 January 2017.

Meanwhile, the S&P BSE Sensex was up 136.03 points, or 0.51% to 27,035.59

On the BSE, 35,000 shares were traded on the counter so far as against the average daily volumes of 8,394 shares in the past one quarter. The stock had hit a high of Rs 220 and a low of Rs 206 so far during the day.

The stock had hit a 52-week high of Rs 257.48 on 28 July 2016. The stock had hit a 52-week low of Rs 159.50 on 17 February 2016. The stock had outperformed the market over the past 30 days till 10 January 2017, rising 2.44% compared with the Sensexs 1.45% gains. The scrip, however, underperformed the market in past one quarter, sliding 6.62% as against the Sensexs 4.21% fall.

The small-cap company has equity capital of Rs 6.72 crore. Face value per share is Rs 5.

Chembond Chemicals said that the company has entered into a share purchase agreement (SPA) with I-Chem Solution Sdn Bhd, Malaysia and I Chembond Water Sdn Bhd, Malaysia, whereby the company, would acquire additional 49% of the equity shares of I Chembond Water Sdn Bhd, Malaysia. Post fulfillment of all the necessary terms, conditions & requirements as mentioned in the SPA, the company would hold 100% of equity share capital of I Chembond Water Sdn Bhd, Malaysia. Further, pursuant to the fulfillment of the terms of the SPA, the joint venture (JV) agreement with I-Chem Solution Sdn Bhd, Malaysia stands terminated.

Chembond Chemicals net profit dropped 27.11% to Rs 2.42 crore on 4.11% rise in net sales to Rs 71.43 crore in Q2 September 2016 over Q2 September 2015.

Chembond Chemicals is engaged in manufacturing a diverse range of specialty chemicals like water treatment, polymers, construction chemicals, high performance coatings, animal nutritions and industrial biotech products.

Powered by Capital Market - Live News

Suzlon Energy gains after securing new order
Jan 11,2017

The announcement was made during market hours today, 11 January 2017.

Meanwhile, the S&P BSE Sensex was up 130.47 points or 0.49% at 27,030.03.

On the BSE, 42 lakh shares were traded on the counter so far as against the average daily volumes of 40.30 lakh shares in the past one quarter. The stock had hit a high of Rs 15.70 and a low of Rs 15 so far during the day.

The stock had hit a 52-week high of Rs 21.95 on 11 January 2016 and a 52-week low of Rs 12.47 on 9 November 2016.

The mid-cap company has equity capital of Rs 1004.88 crore. Face value per share is Rs 2.

Suzlon Energy announced that it was awarded 226.80 megawatt (MW) contract from a leading independent power producer (IPP). The order consists of 108 units of S111 90m tubular tower with rated capacity of 2.1 MW. The project will be located in Anantapur district of Andhra Pradesh, and is scheduled for completion by March 2017.

The company has entered into an exclusive supply and installation agreement (SIA) and engineering and construction of the project. It will also be responsible for operation and maintenance services with dedicated life cycle asset management services for an initial period of 10 years. The project has the potential to provide power to over 1.20 lakh households and reduce 0.48 million tonnes of CO2 emissions per annum.

On a consolidated basis, Suzlon Energy reported net profit of Rs 237.62 crore in Q2 September 2016 as against net loss of Rs 201.66 crore in Q2 September 2015. Net sales rose 57.30% to Rs 2746.18 crore in Q2 September 2016 over Q2 September 2015.

Suzion Energy is one of the leading renewable energy solutions providers in the world with an international presence across 19 countries in Asia, Australia, Europe, Africa and North and South America.

Powered by Capital Market - Live News

Moodys: Asian LSI drop to 30.3% in December from 31.1% in November
Jan 11,2017

Moodys Investors Service says that its Asian Liquidity Stress Index (Asian LSI) fell to 30.3% in December from 31.1% in November.

Despite the improvement to 30.3% in December, the Asian LSI remains above the long-term average of 22.6%, highlighting the continued weakness in corporate liquidity across Asia, says Brian Grieser, a Moodys Vice President and Senior Analyst.

The index measures the percentage of high-yield companies with SGL-4 scores and increases when speculative-grade liquidity appears to deteriorate.

The Asian LSI reading of 30.3% in December is well below the record high of 37.0% reached in December 2008 amid the global financial crisis, according to the report.

During December, the liquidity stress sub-index for North Asian high-yield issuers decreased to 32.5% from 34.2% in November. Within this portfolio, the Chinese sub-index decreased to 34.3% from 35.7%.

At the same time, the Chinese high-yield property sub-index remained at 20.0% from, while the Chinese high-yield industrial sub-index decreased to 53.3% from 56.7%.

Meanwhile, the liquidity stress sub-index for South and Southeast Asian high-yield issuers increased to 26.2% from 25.6%, and the Indonesian sub-index remained at 26.3%.

In December, Moodys downgraded two high-yield issuers, bringing the total downgrades of high-yield issuers in 2016 to 50, compared to seven upgrades. This results in an annual downgrade/upgrade ratio of 7.14x, the highest level since Q4 2009.

Across Moodys portfolio of 122 rated high-yield issuers, the percentage of negative leaning outlooks -- meaning ratings with either a negative outlook or on review for downgrade -- declined to 35.2% in December from 36.1% in November.

At the end of December, Moodys rated 122 speculative-grade non-financial corporates in Asia (excluding Japan and Australia) with rated debt of $61.4 billion.

Powered by Capital Market - Live News

Shoppers Stop to consider Q3 and 9M results
Jan 11,2017

Shoppers Stop announced that a Meeting of the Board of Directors of the Company is scheduled to be held on 31 January 2017, inter alia, to consider & approve the un-audited financial results for the third quarter and nine months ended on 31 December 2016.

Powered by Capital Market - Live News

US stocks end on a mixed note
Jan 11,2017

US stocks ended Tuesdays session on a mixed note on 10 January 2017. The Nasdaq finished out front, followed by the S&P 500 unchanged and the Dow with losses. Todays session got off to a flat start after some retailers and restaurants issued disappointing guidance. The Nasdaq Composite notched its fourth record close in a row Tuesday, representing the longest stretch of record closes for the tech-heavy index since 1999.

Fresh all-time highs for the Nasdaq came as the Dow industrials failed to reach the psychologically significant level of 20,000 again, amid otherwise tepid enthusiasm for equities ahead of a news conference from President-elect Donald Trump set for Wednesdayn++his first since being elected on 8 November 2016.

The Dow Jones Industrial Average which had traded up by as many as 70 points and within 43 of breaching the 20,000 mark earlier in the session, closed down 31.85 points, or 0.2%, at 19,855.53. But the Nasdaq Composite Index shined, finishing up 20.00 points, or 0.4%, at 5,551.82, for the sixth straight day in the green. Meanwhile, The S&P 500 index ended at its flattest level in years, unchanged from Monday at 2,268.90. The broad-market gauge had been up by as many as 10 points earlier in the session.

Five of the 11 main sectors closed lower, led by a decline in the real-estate sector and a gain in consumer-discretionary stocks. Shares of Merck and Exxon Mobil dragged on the benchmark.

Market participants are awaiting the kick off earnings season for some support for the recent rally in U.S. stocks.

Some of evidence of pre-Trump news conference jitters were on display in the dollar which pulled back somewhat on Wednesday. The greenback was up about 0.1% against major currencies. The dollar has been rising on hopes that the new administrations fiscal stimulus will boost the economy, but some traders believe that bet may have been pushed too far, too fast.

Economic data at Wall Street showed that November Wholesale Inventories increased 1.0%, which was above the consensus of 0.9%. The prior months reading was revised to -0.1% from -0.4%.

Separately, November Job Openings and Labor Turnover Survey showed that job openings decreased to 5.198 million from a revised 5.451 million (from 5.534 million) in October.

Bullion metals pared early gains by Tuesdays settlement as the dollar strengthened on 10 January 2017, but uncertainty a day ahead of a scheduled press conference by President-elect Donald Trump helped lift the precious metal to its highest finish in six weeks.

Gold for February delivery tacked on 60 cents, or less than 0.1%, to settle at $1,185.50 an ounce. Prices touched a high above $1,190 during the session. Silver for March delivery added 16.5 cents, or 1%, to $16.848 an ounce after climbing 1% Monday.

Oil prices fell sharply on Tuesday, 10 January 2016 to finish the session at their lowest level in nearly five weeks, weighed by worries about an increase in U.S. production and doubts that global producers will comply with a sweeping agreement to curb output.

On the New York Mercantile Exchange, February West Texas Intermediate crude fell by $1.14, or 2.2%, to settle at $50.82 a barrel. March Brent crude on Londons ICE Futures exchange dropped $1.30, or 2.4%, to $53.64 a barrel.

With the Organization of the Petroleum Exporting Countries-led pact in effect for less than a month, many market participants have been unsure whether the agreement will be carried out and if participating producers will comply with their allotted quota.

The Treasury market remained relatively flat throughout todays session. The 2-yr yield closed unchanged at 1.19%, while the 10-yr yield finished up one basis point at 2.38%.

Todays trading volume finished above the 50-day moving average as 1.17 billion shares changed hands at the NYSE floor.

Tomorrows lone economic report is the MBA Mortgage Applications Index, which will be released at 7:00 ET.

Powered by Capital Market - Live News

Artson Engineering to announce December quarter results
Jan 11,2017

Artson Engineering announced that the Board Meeting of the Company will be held on 21 January 2017, inter alia, to consider and approve the Unaudited Financial Results of the Company for the quarter ended 31 December 2016.

Powered by Capital Market - Live News