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

TCS gains after Canadas VersaCold selects TAP cloud solution
Dec 28,2016

The announcement was made after market hours yesterday, 27 December 2016.

Meanwhile, the BSE Sensex was up 72.70 points, or 0.28%, to 26,286.14.

On the BSE, so far 1,091 shares were traded in the counter, compared with average daily volumes of 1.14 lakh shares in the past one quarter. The stock had hit a high of Rs 2,338 and a low of Rs 2,325 so far during the day.

The stock hit a 52-week high of Rs 2,740 on 12 August 2016. The stock hit a 52-week low of Rs 2,054.70 on 15 Novembr 2016. The stock had outperformed the market over the past 30 days till 27 December 2016, rising 1.96% compared with the 0.52% fall in the Sensex. The scrip had also outperformed the market in past one quarter, falling 4.19% as against Sensexs 7.35% decline.

The large-cap IT major has equity capital of Rs 197.04 crore. Face value per share is Re 1.

TCS announced that VersaCoId Logistics Services, Canadas largest end-to-end supply chain solutions company for temperature sensitive products has selected TAP, TCS procure to pay cloud solution, to manage their operating costs with greater efficiency.

On a consolidated basis, TCS reported a 4.51% growth in its net profit at Rs 6603 crore on 0.07% decline in net sales to Rs 29284 crore in Q2 September 2016 over Q1 June 2016.

TCS is an IT services, consulting and business solutions organization. The company offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services.

Powered by Capital Market - Live News

M-wallet retail spends may see fourfold jump in near term: Study
Dec 28,2016

Post-demonetisation, the average wallet spend for retail has witnessed a huge jump and is expected to increase from Rs 500-700 prior to Rs 2,000-10,000 in the near term, according to the just concluded joint study by ASSOCHAM and RNCOS.

n++The mobile wallet market in India has been greatly benefited by demonetisation and its share in the total mobile payment volume transactions is likely to rise from 20 per cent in FY16 to 57 per cent by FY22,n++ according to the study titled M-wallet: Scenario post-demonetisation, jointly conducted by ASSOCHAM and business consulting firm RNCOS.

n++The government has hinted of not remonetising all of the scrapped currency and aims to fill the gap by promoting digital/cashless payment mode, this is bound to further boost prospects for m-wallet sector in India,n++ said Mr D.S. Rawat along with Mr Shushmul Maheshwari, CEO & founder, RNCOS and Mr Babu Lal Jain, chairman of the ASSOCHAM National Council on Cyber & Network Security.

M-wallet transactions in India are likely to grow at a compounded annual growth rate (CAGR) of over 160 per cent to rise from just over half a billion in FY16 to 260 billion by FY22 driven by growing usage of smartphones, robust mobile internet penetration, growth of e-commerce sector together with increasing disposable incomes.

While in value terms, the m-wallet transactions in India have grown about 20 times to reach Rs 206 billion in FY16 from Rs 10 billion in FY13, highlighted the study.

n++It is anticipated that market value of m-wallet transactions in India will grow at a CAGR of over 200 per cent to reach Rs 275 trillion by FY22 from Rs 206 billion in FY16,n++ it noted.

Thus, taking over traditional payment modes, the m-wallet market in India which was estimated at about Rs 1.5 billion in FY16 will grow at over 190 per cent to reach Rs 1,512 billion by FY22.

The study also highlighted that post demonetisation, the mobile payment transaction volume in India is likely to grow at a CAGR of over 130 per cent to reach 460 billion by FY22 from just about three billion in FY16, the study noted.

While mobile payment transactions in value terms are likely to cross Rs 2,200 trillion mark by FY22 from just over Rs 8 trillion in FY16 thereby clocking a CAGR of 150 per cent.

It also highlighted that share of mobile banking segment in mobile payment market is likely to register significant increase from eight per cent in FY14 to 56 per cent in FY17.

Issues & solutions:

The study however said that it is a challenge for the sector to bring copious number of shoppers preferring cash on delivery (COD) and other modes of payment on m-wallet platform. However, with the ease of payment along with other benefits offered by m-wallets, users preferring COD will switch to the m-payment platform in the coming years as it has a significant potential to grow, and expand its user base as we go ahead.

With a view to win customers trust, companies operating in the mobile-wallet sector should take measures like providing effective, completely secure, private and reliable services, 3-D or OTP (one time password) security options, data back-up system and others to spread awareness among people.

Crystal clear policies and a common regulatory body for all m-wallets (closed, semi-closed and others) are required to bring clarity in procedures and policies between m-wallet companies and the Reserve Bank of India (RBI).

n++A strong authentication mechanism must be put in place to bind the identity of the user to the authorization of the transaction thereby being extremely mindful of authentication and risk assessment,n++ suggested the ASSOCHAM-RNCOS joint study.

As the mobile payment space evolves, the stakeholders must create secure transactions that foster consumer trust, besides, m-wallet companies must provide a much more secure payment authentication process out to the masses.

Powered by Capital Market - Live News

Marginal gains for US stocks in thinly traded session
Dec 28,2016

U.S. stocks rose in a thinly traded session on Tuesday, 26 December 2016 with the Nasdaq hitting its latest in a series of records as the markets recent upward bias continued, helped by a gain in technology shares. Overall, stocks saw a broad but slight advance, with all but two of the S&P 500s 11 primary sectors higher on the day. Retail stocks were in focus as investors looked to the first reads on the strength of the holiday shopping season.

The Dow Jones Industrial Average rose 0.1%, or 11.23 points, to end at 19,945.04, while the S&P 500 advanced 5.09 points, or 0.2%, to 2,268.88 and the Nasdaq Composite Index added 24.75 points to settle at 5,487.44, a gain of 0.5%.

Nine of eleven sectors finished the day in positive territory with technology underpinning things from the start. The top-weighted group rallied behind Apple and high-beta chipmakers. NVIDIA soared 6.9%, extending its 2016 gain to 256.0%.

The final trading week of the year is typically a quiet one, with light trading and few planned news eventsn++such as central bank announcements or corporate earningsn++to dictate market direction. Many traders were out of the office following the Christmas holiday, for which the equity market was closed on Monday, while others are waiting for the new year to make big portfolio changes.

The bulk of todays action took place during the opening minutes as the key indices charged to session highs. The opening rally was followed by a slow intraday drip from those highs. The Dow surrendered the bulk of its early gain while the S&P 500 and Nasdaq spent the afternoon near the middle of their respective ranges.

In the latest economic data, the S&P Case-Shiller index of home prices climbed 0.6% in October and was up 5.1% in the past year, unchanged from the prior month. Consumer confidence in December jumped to 113.7 from a revised 109.4 in November, hitting its highest level since 2001.

Among Tuesdays biggest movers, retailers Amazon.com and Wal-Mart Stores were in focus amid postholiday Christmas shopping as the first.

Bullion prices ended higher at Comex on Tuesday, 26 December 2016. Gold prices closed at just over one-week highs on Tuesday, recovering after ending with a seventh straight weekly decline before the holiday weekend, their longest such losing streak in more than 12 years.

Gold futures for February delivery finished up $5.10, or 0.5%, at $1,138.70 an ounce in light volume. Gold firmed even as the dollar advanced modestly, defying their typically inverse relationship. March silver was up 24 cents, or 1.5%, at $16.00 an ounce. Last week, the metal slid 2.4%, for its second week of losses.

Crude futures continued their end-of-year rally on Tuesday, 26 December 2016 taking oil to its highest finish since July 2015 on expectations that global oil producers will honor a landmark agreement to reduce supply.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in February advanced 88 cents, or 1.7%, to finish at $53.90 a barrel. February Brent crude on Londons ICE Futures exchange rose 93 cents, or 1.7%, to close at $56.09 a barrel.

Treasuries slipped in morning action and spent the afternoon near their lows. The 10-yr yield rose two basis points to 2.56%.

Tomorrow, the weekly MBA Mortgage Index will be released at 7:00 ET while November Pending Home Sales will be reported at 10:00 ET.

Powered by Capital Market - Live News

TCS in focus after securing contract from a Canada firm
Dec 28,2016

TCS announced that VersaCoId Logistics Services, Canadas largest end-to-end supply chain solutions company for temperature sensitive products has selected TAP, TCS procure to pay cloud solution, to manage their operating costs with greater efficiency. The announcement was made after market hours yesterday, 27 December 2016.

Akzo Nobel India announced that it has inaugurated a first-of-its-kind specialty coatings production facility and colour laboratory in Noida, Uttar Pradesh, to service its customers in the consumer electronics, automobile and cosmetics industry. The announcement was made after market hours yesterday, 27 December 2016.

With an investment of Euro 0.4 million or Rs 3 crore, the new site will manufacture 600 kilolitre of coatings annually, thus catering to the localisation drive undertake by many large companies. Already commissioned, the facility is in its first phase, the second phase is likely to be completed by the end of 2016, with scope for further expansion.

Asian Oilfield Services announced that it proposes to convene a meeting of the board of directors on 30 December 2016, inter alia, to consider and approve the allotment of warrants, subject to receipt of application money from the proposed allottee. The announcement was made after market hours yesterday, 27 December 2016.

Dhanuka Agritech announced that a meeting of buyback committee of board of directors of the company will be held on 3 January 2017, inter-alia, to approve the final terms and conditions of buyback of equity shares of the company, subject to shareholders approval. The outcome of the postal ballot being conducted, to seek such shareholders approval, will also be announced on 2 January 2017. The announcement was made after market hours yesterday, 27 December 2016.

Sunil Hitech Engineers announced that it has secured a road engineering, procurement & construction (EPC) project worth Rs 434 crore in Arunachal Pradesh. The announcement was made after market hours yesterday, 27 December 2016.

Powered by Capital Market - Live News

Quick Heal Technologies allots equity shares
Dec 27,2016

Quick Heal Technologies has allotted 27853 Equity Shares under ESOP on 27 December 2016.

Powered by Capital Market - Live News

Asian Oilfield Services Board to consider allotment of warrants
Dec 27,2016

Asian Oilfield Services announced that the Company propose to convene a meeting of the Board of Directors on 30 December 2016, inter alia, to consider and approve the allotment of warrants, subject to receipt of application money from the proposed allottee.

Powered by Capital Market - Live News

Board of Religare Enterprises approves scheme of amalgamation
Dec 27,2016

Religare Enterprises announced that the Board of Directors of the Company at its meeting held on 27 December 2016 approved a scheme of amalgamation that is designed to simplify the Companys corporate structure.

Consequently, 11 wholly owned subsidiaries, directly or indirectly of Religare Enterprises namely - Religare Securities, Religare Commodity Broking, RGAM Investment Advisers, Religare Venture Capital, Religare Arts Investment Management, Religare Capital Finance, RGAM Capital India, Religare Investment Advisors, Religare Support Services, Religare Arts Initiative and Religare Capital Markets (India) will merge with/ into Religare Enterprises subject to terms and conditions as provided in the scheme of amalgamation.

Powered by Capital Market - Live News

Board of Green Fire Agri Commodities approves draft letter of offer for proposed rights issue
Dec 27,2016

Green Fire Agri Commodities announced that the Board of Directors of the Company have at their meeting held on 27 December 2016 approved the following resolutions:

1. Approval of Draft Letter of Offer to be submitted to Securities and Exchange Board of India and National Stock Exchange of India for proposed rights issue by the Company.

2. Approval of public announcement.

Powered by Capital Market - Live News

Eastern Gases to consider notice of EGM
Dec 27,2016

Eastern Gases announced that the meeting of Board of Directors of the Company is scheduled to be held on 02 January 2017, inter alia, to consider and approve the following business:

1. To consider and approve the Notice of forthcoming Extraordinary General Meeting to be held on 27 January 2017, at 10:00 a.m.

2. To discuss on the banking related matters.

Powered by Capital Market - Live News

Outcome of board meeting of Sayaji Hotels
Dec 27,2016

Sayaji Hotels announced that the Board of Directors of the Company at its meeting held on 27 December 2016 considered and approved the sanction letter of Axis Bank for availment of credit facility of Rs 5.22 crore (Rs 4 crore term loan + Rs 1.22 crore LER limit).

Powered by Capital Market - Live News

Karur KCP Packkagings appoints CFO
Dec 27,2016

The Board of Directors of Karur KCP Packkagings at its meeting held on 27 December 2016 has appointed V Sankar as CFO with effect from 01 December 2016.

Powered by Capital Market - Live News

Cimmco announces change in directorate
Dec 27,2016

Cimmco announced that the Board of Directors has re-designated Anil Kumar Agarwal from Non Executive Director to Wholetime Director of the Company w.e.f. 01 January 2017.

Powered by Capital Market - Live News

Optiemus Infracom to sell its subsidiary - Kishore Exports India
Dec 27,2016

Optiemus Infracom has entered into agreement on 24 December 2016 to sell its subsidiary - Kishore Exports India for Rs 9.35 crore.

Powered by Capital Market - Live News

Board of Dhanuka Agritech to decide on final terms for buyback of shares
Dec 27,2016

Dhanuka Agritech announced that a Meeting of Buyback Committee of Board of Directors of the Company will be held on 03 January 2017, inter-alia, to approve the final terms and conditions of Buyback of equity shares of the Company, subject to Shareholders approval. The outcome of the Postal Ballot being conducted, to seek such Shareholders approval, will also be announced on 02 January 2017.

Powered by Capital Market - Live News

Outcome of board meeting of Lancor Holdings
Dec 27,2016

Lancor Holdings that the Board of Directors at their meeting held on 27 December 2016 considered and approved the following business.

- In the matter of the Commercial property, n++Menon Eternityn++, owned by the Company, the Arbitrator had issued an Award dated 16 March 2016, invalidating the sale deeds registered in favour of the Company. The Honble High Court of Madras by its judgment delivered on 23 December 2016, set-aside the Award of the Arbitrator, with regard to the invalidation of the sale deeds and hence confirmed the title in favour of the Company.

Powered by Capital Market - Live News