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Varun Beverages spurts after bulk deal
Aug 18,2017

Meanwhile, the S&P BSE Sensex was down 255.59 points or 0.8% to settle at 31,539.87.

Bulk deal boosted volume on the scrip. On the BSE, 5.36 lakh shares were traded on the counter so far as against the average daily volumes of 19,866 shares in the past one quarter. The stock had hit a high of Rs 550 and a low of Rs 512.30 so far during the day. The stock had hit a record high of Rs 569.65 on 7 July 2017. The stock had hit a record low of Rs 341.25 on 14 March 2017.

The mid-cap company has equity capital of Rs 182.51 crore. Face value per share is Rs 10.

On a consolidated basis, Varun Beverages net profit rose 21.32% to Rs 245.58 crore on 1.58% fall in net sales to Rs 1626.31 crore in Q2 June 2017 over Q2 June 2016.

Varun Beverages is one of the largest franchisee in the world (outside USA) of carbonated soft drinks (CSD) and noncarbonated beverages (NCB) sold under trademarks owned by PepsiCo. It produces and distributes a wide range of CSD as well as a large selection of NCB including packaged drinking water.

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Cambridge Tech climbs higher after signing agreement with Atlassian
Aug 18,2017

The announcement was made during market hours today, 18 August 2017.

Meanwhile, the S&P BSE Sensex was down 266.08 points or 0.84% at 31,529.38. The S&P BSE Small-Cap index was down 86.56 points or 0.55% at 15,607.97.

On the BSE, 5,780 shares were traded in the counter so far as against average daily volume of 4,990 shares in the past one quarter. The stock had hit a high of Rs 70.70 and a low of Rs 70.60 so far during the day. The stock had hit a 52-week high of Rs 142.05 on 26 August 2016. The stock had hit a 52-week low of Rs 64.65 on 14 August 2017.

The stock rose 7.2% in four sessions to its ruling price from a close of Rs 65.95 on 11 August 2017.

The stock had underperformed the market over the past one month till 17 August 2017, falling 17.78% compared with the Sensexs 0.87% decline. The stock had also underperformed the market over the past one quarter, dropping 22.03% as against the Sensexs 3.71% rise. The scrip had also underperformed the market over the past one year, falling 44% as against the Sensexs 13.53% rise.

The small-cap company has equity capital of Rs 19.63 crore. Face value per share is Rs 10.

With more than 15 years of experience helping teams organize, discuss and complete work, Atlassians tools support all types of teamwork, from ad-hoc information sharing and planning to highly structured collaborative workflows.

As an Atlassian Solution Partner, Cambridge Technology Enterprises (CTE) will be consulting, implementing and delivering solutions to customers, enabling them to unleash their teams potential. By leveraging products like by JIRA Software, JIRA Service Desk, JIRA Core, Status Page, Confluence, Trello and HipChat, customers are able to quickly collaborate on various issues and experience better project transparency.

Cambridge Technology Enterprises consolidated net profit fell 20.36% to Rs 4.38 crore on 2.02% decline in net sales to Rs 25.19 crore in Q4 March 2017 over Q3 December 2016.

Cambridge Technology Enterprises (CTE) is a leading global technology company transforming organizations into AI-first leaders.

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MOIL drops on profit booking
Aug 18,2017

Meanwhile, the S&P BSE Sensex was down 345.93 points, or 1.09% at 31,449.53. The S&P BSE Mid-Cap index was down 72.25 points, or 0.47% at 15,156.27.

On the BSE, 22,000 shares were traded on the counter so far as against the average daily volumes of 44,000 shares in the past two weeks. The stock had hit a high of Rs 363.90 and a low of Rs 357 so far during the day.

Shares MOIL had rallied 10.91% in the preceding four trading sessions to settle at Rs 364.75 yesterday, 17 August 2017, from its close of Rs 328.85 on 10 August 2017.

MOILs net profit spurted 107.27% to Rs 97.73 crore on 55.71% increase in total income to Rs 381.66 crore in Q1 June 2017 over Q1 June 2016.

State-run MOIL produces and sells different grades of manganese ore.

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PowerGrid gets energized after entering into loan agreement with ADB
Aug 18,2017

The announcement was made during market hours today, 18 August 2017.

Meanwhile, the S&P BSE Sensex was down 309.05 points or 0.96% at 31,489.49.

On the BSE, 15,321 shares were traded in the counter so far as against average daily volume of 2.79 lakh shares in the past one quarter. The stock had hit a high of Rs 223.70 and a low of Rs 219.45 so far during the day. The stock had hit a 52-week high of Rs 226.40 on 8 August 2017. The stock had hit a 52-week low of Rs 167.40 on 9 November 2016.

The stock had outperformed the market over the past one month till 17 August 2017, rising 1.32% compared with the Sensexs 0.87% decline. The stock had also outperformed the market over the past one quarter, gaining 5.38% as against the Sensexs 3.71% rise. The scrip had also outperformed the market over the past one year, rising 25.72% as against the Sensexs 13.53% rise.

The large-cap power distribution company has equity capital of Rs 5231.59 crore. Face value per share is Rs 10.

PowerGrid Corporation of India said that the proceeds of the loan are proposed to be utilized for funding of green energy corridor, high voltage direct current (HVDC) bipole link between WR (Raigarh, Chattisgarh) and SR Pugalur, Tamil Nadu), and HVDC link between Pugalur and North Trichur (Kerala).

PowerGrid Corporation of Indias net profit rose 13.9% to Rs 2052.41 crore on 17.3% rise in net sales to Rs 7181.35 crore in Q1 June 2017 over Q1 June 2016.

The Government of India holds 57.9% stake in the firm as at 30 June 2017.

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Volumes jump at Minda Corporation counter
Aug 18,2017

Minda Corporation clocked volume of 31.94 lakh shares by 14:04 IST on BSE, a 157.22-times surge over two-week average daily volume of 20,000 shares. The stock rose 0.74% to Rs 109.

Varun Beverages notched up volume of 5.24 lakh shares, a 117.63-fold surge over two-week average daily volume of 4,000 shares. The stock rose 3.99% to Rs 541.60.

IFB Industries saw volume of 1.15 lakh shares, a 54.34-fold surge over two-week average daily volume of 2,000 shares. The stock rose 2.88% to Rs 679.65.

Greenply Industries clocked volume of 5.68 lakh shares, a 47.3-fold surge over two-week average daily volume of 12,000 shares. The stock fell 2.05% to Rs 272.

Infosys saw volume of 68.05 lakh shares, a 41.42-fold rise over two-week average daily volume of 1.64 lakh shares. The stock lost 9.61% to Rs 923.

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Infosys leads losers in BSEs A group
Aug 18,2017

Infosys tumbled 11.35% at Rs 905.20 at 13:50 IST after the company said that founder member, Narayana Murthys continuous assault, including latest letter, is the primary reason that the CEO, Vishal Sikka, has resigned despite strong board support. The announcement was made during market hours today, 18 August 2017. Earlier today, 18 August 2017, Infosys said that board of directors of the company at a meeting held today, 18 August 2017, accepted the resignation of Dr Vishal Sikka as the Managing Director and Chief Executive Officer of the company with immediate effect. The stock topped the losers in A group. On the BSE, 62.09 lakh shares were traded on the counter so far as against the average daily volumes of 1.64 lakh shares in the past two weeks.

Sintex Industries slumped 4.34% at Rs 33.10. The stock was the second biggest loser in A group. On the BSE, 38 lakh shares were traded on the counter so far as against the average daily volumes of 67.43 lakh shares in the past two weeks.

Manappuram Finance skidded 4.26% at Rs 84.20. The stock was the third biggest loser in A group. On the BSE, 6.82 lakh shares were traded on the counter so far as against the average daily volumes of 8.69 lakh shares in the past two weeks.

Aban Offshore fell 3.92% at Rs 177.80. The stock was the fourth biggest loser in A group. On the BSE, 2.63 lakh shares were traded on the counter so far as against the average daily volumes of 2.1 lakh shares in the past two weeks.

Sun Pharmaceutical Industries lost 3.6% at Rs 471. The stock was the fifth biggest loser in A group. On the BSE, 6.29 lakh shares were traded on the counter so far as against the average daily volumes of 9.05 lakh shares in the past two weeks.

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Poddar Housing surges 31.46% in five sessions
Aug 18,2017

Meanwhile, the S&P BSE Sensex was down 289.98 points, or 0.91% at 31,505.48. The S&P BSE Small-Cap index was down 124.36 points, or 0.79% at 15,570.17.

On the BSE, 2,394 shares were traded on the counter so far as against the average daily volumes of 41,000 shares in the past two weeks. The stock had hit a high of Rs 1,240 and a low of Rs 1,150 so far during the day.

Shares of Poddar Housing & Development rose 31.46% in five trading sessions to its current market price of Rs 1,221, from a close of Rs 928.75 on 10 August 2017.

Poddar Housing & Development reported consolidated net loss of Rs 1.29 crore in Q4 March 2017, compared with net profit of Rs 3.19 crore in Q4 March 2016. Total revenue fell 82.39% to Rs 11.69 crore in Q4 March 2017 over Q4 March 2016.

Poddar Housing and Development is engaged in the housing segment of the real estate sector.

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Infosys in doldrums after board blames Murthy for CEOs exit
Aug 18,2017

The announcement was made during market hours today, 18 August 2017.

Meanwhile, the S&P BSE Sensex was down 241.38 points or 0.76% at 31,554.08.

High volumes were witnessed on the counter. On the BSE, 21.46 lakh shares were traded on the counter so far as against the average daily volumes of 2.81 lakh shares in the past one quarter. The stock had hit a high of Rs 1,021.50 and a low of Rs 937 so far during the day. The stock had hit a 52-week low of Rs 900.30 on 9 November 2016. The stock had hit a 52-week high of Rs 1,080.70 on 14 October 2016.

The stock had outperformed the market over the past one month till 17 August 2017, rising 3.63% compared with the Sensexs 0.87% decline. The stock had also outperformed the market over the past one quarter, gaining 7.24% as against the Sensexs 3.71% rise. The scrip had, however, underperformed the market over the past one year, falling 1.19% as against the Sensexs 13.53% rise.

The large-cap company has equity capital of Rs 1148.48 crore. Face value per share is Rs 5.

Infosys said that it has come to the attention of the board that a letter authored by Narayana Murthy, the founder of Infosys has been released to various media houses attacking the integrity of the board and management of the company alleging falling corporate governance standards in the company. The board takes great umbrage to the contents of the letter and places on record that Murthys continuous assault, including this latest letter, is the primary reason that the CEO, Dr Vishal Sikka, has resigned despite strong board support.

Murthys letter contains factual inaccuracies, already-disproved rumours, and statements extracted out of context from his conversations with board members. The board assures its shareholders, employees, customers and communities that it is committed not to be distracted by this misguided campaign by Murthy and will continue to adhere to the highest international standards of corporate governance as it executes its strategy of profitable growth for the benefit of all Infosys stakeholders.

Murthys campaign against the board and the company has had the unfortunate effect to undermine the companys efforts to transform itself. The board has been engaged in a dialogue with the founder to resolve his concerns over the course of a year, trying earnestly to find feasible solutions within the boundaries of law and without compromising its independence. These dialogues have unfortunately not been successful.

The board declines to speculate about Murthys motive for carrying out this campaign, including the latest letter. The board believes it must set the record straight on the false and misleading charges made by Murthy because his actions and demands are damaging the company and misrepresent its commitment to good corporate governance. Murthy repeatedly made inappropriate demands which are inconsistent with his stated desire for stronger governance, company added.

The board has in its fiduciary role to consider all shareholder inputs, treated each demand from Murthy as a suggestion and only acted on suggestions which believed was in the best interest of the company and declined to act on others. Over time the demands have intensified, which when declined by the board resulted in the threats of media attacks being carried out. Murthy may be in the process of engaging in discussions with certain key stakeholders of the company to further his criticisms of the board and management.

The company said that since Dr Vishal Sikka was appointed as MD and CEO in August 2014, Infosys has delivered competitive financial performance through profitable revenue growth. The board is a fully independent board, with professionals as its members who have been appointed by a clear majority of the shareholders.

Narayana Murthy holds 0.38% stake, his son Rohan Murthy holds 1.38% stake while wife Sudha Murthy holds 0.79% stake in the firm as per the shareholding patterm on 30 June 2017.

Earlier today, 18 August 2017, Infosys said that board of directors of the company at a meeting held today, 18 August 2017, accepted the resignation of Dr Vishal Sikka as the Managing Director and Chief Executive Officer of the company with immediate effect. The board appointed Dr Vishal Sikka as the Executive Vice-Chairman.

The board appointed U B Pravin Rao as the Interim-Managing Director and Chief Executive Officer. The succession plan for appointment of a new Managing Director and Chief Executive Officer has been operationalised by the board and a search for the same has been commenced, company said.

In his notice of resignation to the board, Dr Sikka reiterated his belief in the great potential of Infosys, but cited among his reasons for leaving a continuous stream of distractions and disruptions over the recent months and quarters, increasingly personal and negative as of late, as preventing managements ability to accelerate the companys transformation.

The company said board understands and acknowledges Dr Sikkas reasons for resignation, and regrets his decision. In particular, the board is profoundly distressed by the unfounded personal attacks on the members of our management team that were made in the anonymous letters and have surfaced in recent months.

As the board has previously stated, a series of careful investigations found no merit to the unsubstantiated and anonymous allegations that had been asserted. The board denounces the critics who have amplified and sought to further promote demonstrably false allegations which have harmed employee morale and contributed to the loss of the companys valued CEO.

Dr Sikka has been appointed Executive Vice Chairman effective today, 18 August 2017 and will hold office until the new permanent Chief Executive Officer and Managing Director takes charge, which should be no later than 31 March 2018.

Dr Sikka will continue to focus on strategic initiatives, key customer relationships and technology development. He will report to the companys board.

Dr Sikka will receive an annual salary of $1 during his tenure as Executive Vice Chairman. Any company equity awards held by Dr Sikka that remain outstanding and unvested shall, during his term as Executive Vice Chairman, remain outstanding and shall continue to vest (and, in the case of stock options, become exercisable) in accordance with their terms.

The board has mandated the Chairman and the Nomination and Remuneration Committee to expeditiously identify and select a permanent CEO and Managing Director.

Separately, Infosys announced that ATP, the governing body of mens professional tennis, in association with company launched a new PlayerZone app and website. The revamped PlayerZone, an extranet portal for ATP players, their support teams, coaches, and others in the ecosystem, allows users to engage with each other and access information across a wide range of operational aspects related to life on Tour. The announcement was made after market hours yesterday, 17 August 2017.

The PlayerZone is developed with best-in-class technology to be intuitive and more convenient, offering biometric login on the app. It also provides information on tournament entries and withdrawals, automated updates on match scheduling and results, rules and regulations, all the way to hotel information, transportation, visa requirements, and more. Besides simplifying the life of players on Tour, PlayerZone will also feature new prize money and taxes data to ease tracking of earnings and facilitate compliance.

The new app will increase engagement with the next generation of players, provide a central portal of information as players progress through different stages of their career, as well as offer a forum to engagewith the players support teams in a private and secure digital environment.

Infosys consolidated net profit fell 3.3% to Rs 3483 crore on 0.2% decline in revenue to Rs 17078 crore in Q1 June 2017 over Q4 March 2017.

Infosys is a global leader in technology services and consulting.

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HPCL edges higher on report of JV pact with Rajasthan for refinery
Aug 18,2017

Meanwhile, the S&P BSE Sensex was down 229.37 points, or 0.72%, to 31,567.23.

On the BSE, 99,972 shares were traded in the counter so far, compared with average daily volume of 4.31 lakh shares in the past one quarter. The stock had hit a high of Rs 443 and a low of Rs 430 so far during the day. The stock had hit record high of Rs 462.30 on 7 August 2017. The stock had hit a 52-week low of Rs 253.60 on 23 August 2016.

The stock had outperformed the market over the past one month till 17 August 2017, rising 15.01% compared with the Sensexs 0.87% decline. The stock had also outperformed the market over the past one quarter, gaining 20.16% as against the Sensexs 3.71% rise. The scrip had also outperformed the market over the past one year, gaining 60.24% as against the Sensexs 13.53% rise.

The large-cap company has an equity capital of Rs 1523.82 crore. Face value per share is Rs 10.

According to the agreement, HPCL will command 74% stake in the joint venture, HPCL Rajasthan Refinery, while the state government will hold remaining 26%, report added.

The Chief Minister Vasundhara Raje reportedly said that as a result of the renegotiation with HPCL, a significant savings of Rs 40000 crore have been ensured in the project cost. She said that under the new conditions, the state will now get 12% return on investment (investment income) than the 2% fixed in the previous agreement.

Raje said that Barmer refinery will be the countrys first refinery project to manufacture petro-products of BS-6 standard and will be an environmentally friendly project.

HPCLs net profit fell 55.9% to Rs 924.75 crore on 19.2% rise in net sales to Rs 53384.84 crore in Q1 June 2017 over Q1 June 2016.

HPCL is a public sector oil marketing company. The Government of India held 51.11% stake in HPCL as per the shareholding pattern as on 30 June 2017.

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Natco Pharma declines after recent sharp rally
Aug 18,2017

Meanwhile, the S&P BSE Sensex was down 233 points, or 0.73% at 31,562.46.

On the BSE, 17,000 shares were traded on the counter so far as against the average daily volumes of 73,385 shares in the past one quarter. The stock had hit a high of Rs 774.70 and a low of Rs 742.10 so far during the day. The stock had hit a record high of Rs 1,080 on 9 June 2017 and a 52-week low of Rs 495 on 9 November 2016.

The stock had underperformed the market over the past one month till 17 Aug 2017, declining 21.58% compared with the Sensexs 0.87% fall. The scrip had also underperformed the market over the past one quarter declining 19.32% as against the Sensexs 3.71% rise. The scrip had, however, outperformed the market over the past one year advancing 20% as against the Sensexs 13.53% rise.

The large-cap company has equity capital of Rs 34.86 crore. Face value per share is Rs 2.

Shares Natco Pharma had rallied 10.9% in the preceding four trading sessions to settle at Rs 772.60 yesterday, 17 August 2017, from its close of Rs 696.65 on 10 August 2017.

Natco Pharmas consolidated net profit spurted 97.1% to Rs 94 crore on 31.6% increase in net sales to Rs 428.10 crore in Q1 June 2017 over Q1 June 2016.

Natco Pharma manufactures generic dosage forms, bulk actives and intermediates for the Indian and international markets.

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Infosys tumbles after Sikkas resignation as MD and CEO
Aug 18,2017

The announcement was made during market hours today, 18 August 2017.

Meanwhile, the S&P BSE Sensex was down 242.26 points or 0.76% at 31,553.20.

High volumes were witnessed on the counter. On the BSE, 14.29 lakh shares were traded on the counter so far as against the average daily volumes of 2.81 lakh shares in the past one quarter. The stock had hit a high of Rs 1,021.50 and a low of Rs 944 so far during the day. The stock had hit a 52-week low of Rs 900.30 on 9 November 2016. The stock had hit a 52-week high of Rs 1,080.70 on 14 October 2016.

The stock had outperformed the market over the past one month till 17 August 2017, rising 3.63% compared with the Sensexs 0.87% decline. The stock had also outperformed the market over the past one quarter, gaining 7.24% as against the Sensexs 3.71% rise. The scrip had, however, underperformed the market over the past one year, falling 1.19% as against the Sensexs 13.53% rise.

The large-cap company has equity capital of Rs 1148.48 crore. Face value per share is Rs 5.

Infosys said that board of directors of the company at a meeting held today, 18 August 2017, accepted the resignation of Dr Vishal Sikka as the Managing Director and Chief Executive Officer of the company with immediate effect. The board appointed Dr Vishal Sikka as the Executive Vice-Chairman.

The board appointed U B Pravin Rao as the Interim-Managing Director and Chief Executive Officer. The succession plan for appointment of a new Managing Director and Chief Executive Officer has been operationalised by the board and a search for the same has been commenced, company said.

In his notice of resignation to the board, Dr Sikka reiterated his belief in the great potential of Infosys, but cited among his reasons for leaving a continuous stream of distractions and disruptions over the recent months and quarters, increasingly personal and negative as of late, as preventing managements ability to accelerate the companys transformation.

The company said board understands and acknowledges Dr Sikkas reasons for resignation, and regrets his decision. In particular, the board is profoundly distressed by the unfounded personal attacks on the members of our management team that were made in the anonymous letters and have surfaced in recent months.

As the board has previously stated, a series of careful investigations found no merit to the unsubstantiated and anonymous allegations that had been asserted. The board denounces the critics who have amplified and sought to further promote demonstrably false allegations which have harmed employee morale and contributed to the loss of the companys valued CEO.

Dr Sikka has been appointed Executive Vice Chairman effective today, 18 August 2017 and will hold office until the new permanent Chief Executive Officer and Managing Director takes charge, which should be no later than 31 March 2018.

Dr Sikka will continue to focus on strategic initiatives, key customer relationships and technology development. He will report to the companys board.

Dr Sikka will receive an annual salary of $1 during his tenure as Executive Vice Chairman. Any company equity awards held by Dr Sikka that remain outstanding and unvested shall, during his term as Executive Vice Chairman, remain outstanding and shall continue to vest (and, in the case of stock options, become exercisable) in accordance with their terms.

The board has mandated the Chairman and the Nomination and Remuneration Committee to expeditiously identify and select a permanent CEO and Managing Director.

Separately, Infosys announced that ATP, the governing body of mens professional tennis, in association with company launched a new PlayerZone app and website. The revamped PlayerZone, an extranet portal for ATP players, their support teams, coaches, and others in the ecosystem, allows users to engage with each other and access information across a wide range of operational aspects related to life on Tour. The announcement was made after market hours yesterday, 17 August 2017.

The PlayerZone is developed with best-in-class technology to be intuitive and more convenient, offering biometric login on the app. It also provides information on tournament entries and withdrawals, automated updates on match scheduling and results, rules and regulations, all the way to hotel information, transportation, visa requirements, and more. Besides simplifying the life of players on Tour, PlayerZone will also feature new prize money and taxes data to ease tracking of earnings and facilitate compliance.

The new app will increase engagement with the next generation of players, provide a central portal of information as players progress through different stages of their career, as well as offer a forum to engagewith the players support teams in a private and secure digital environment.

Infosys consolidated net profit fell 3.3% to Rs 3483 crore on 0.2% decline in revenue to Rs 17078 crore in Q1 June 2017 over Q4 March 2017.

Infosys is a global leader in technology services and consulting.

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Raymond advances after buying remaining stake in JK Ansell Company
Aug 18,2017

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

Meanwhile, the S&P BSE Sensex was down 222.71 points, or 0.7%, to 31,572.75. The S&P BSE Mid-Cap index was down 58.19 points, or 0.38%, to 15,170.33.

On the BSE, 31,606 shares were traded in the counter so far, compared with average daily volumes of 89,882 shares in the past one quarter. The stock had hit a high of Rs 764.80 and a low of Rs 750 so far during the day. The stock had hit a record high of Rs 839.80 on 6 July 2017. The stock had hit a 52-week low of Rs 398.15 on 23 August 2016.

The stock had underperformed the market over the past one month till 17 August 2017, falling 6.86% compared with the Sensexs 0.87% decline. The stock had also underperformed the market over the past one quarter, declining 4.76% as against the Sensexs 3.71% rise. The scrip had, however, outperformed the market over the past one year, jumping 74.73% as against the Sensexs 13.53% rise.

The mid-cap textile and apparel major has equity capital of Rs 61.38 crore. Face value per share is Rs 10.

Raymond said that, with the transaction, the sexual wellness and personal care business will continue to remain in JK Ansell which will become wholly owned subsidiary of JK Investo Trade (India) (JKIT), a Raymond Group company. As per the proposed deal, JKIT sells its stake in the non-core gloves business to Pacific Dunlop Holdings (Singapore), a Ansell Group Company.

The acquisition will pave the way for Raymond to further scale up the FMCG business and unlock the immense potential of brand Kamasutra globally. Raymond had announced the formation of its FMCG group last year, offering premium products for personal and home care categories.

On consolidated basis, Raymond reported net loss of Rs 5.87 crore in Q1 June 2017 compared with net loss of Rs 15.59 crore in Q1 June 2016. Net sales rose 13.2% to Rs 1196.88 crore in Q1 June 2017 over Q1 June 2016.

The Raymond Group was incorporated in 1925 and is a textiles manufacturer. The company makes finest fabrics - from wool to wool-blended worsted suiting to specialty ring denims as well as high value shirting.

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Four stocks drop ex-dividend
Aug 18,2017

Meanwhile, the S&P BSE Sensex was down 219.81 points or 0.69% at 31,575.65.

InterGlobe Aviation fell 2.21% to Rs 1,281.60 as the stock turned ex-dividend today, 18 August 2017, for dividend of Rs 34 per share for the year ended 31 March 2017. Before turning ex-dividend, the stock offered a dividend yield of 2.59% based on the closing price of Rs 1,310.50 on BSE yesterday, 17 August 2017.

Kaveri Seed Company lost 1.43% to Rs 540.75 as the stock turned ex-dividend today, 18 August 2017, for interim dividend of Rs 3 per share for the year ending 31 March 2018. Before turning ex-dividend, the stock offered a dividend yield of 0.55% based on the closing price of Rs 548.60 on BSE yesterday, 17 August 2017.

L&T Finance Holdings fell 1.25% to Rs 173.55 as the stock turned ex-dividend today, 18 August 2017, for dividend of Rs 0.80 per share for the year ended 31 March 2017. Before turning ex-dividend, the stock offered a dividend yield of 0.46% based on the closing price of Rs 175.75 on BSE yesterday, 17 August 2017.

Jubilant FoodWorks lost 0.77% to Rs 1,388.10 as the stock turned ex-dividend today, 18 August 2017, for dividend of Rs 2.50 per share for the year ended 31 March 2017. Before turning ex-dividend, the stock offered a dividend yield of 0.18% based on the closing price of Rs 1,398.90 on BSE yesterday, 17 August 2017.

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Talbros Engineering jumps as board recommends bonus issue
Aug 18,2017

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

Meanwhile, the S&P BSE Sensex was down 180.24 points or 0.57% at 31,615.22. The S&P BSE Small-Cap index was down 93.80 points or 0.6% at 15,600.73.

More than usual volumes were witnessed on the counter. On the BSE, 5,171 shares were traded on the counter so far as against the average daily volumes of 3,096 shares in the past one quarter. The stock had hit a high of Rs 570.05 in intraday trade, which is also a record high for the stock. The stock had hit a low of Rs 551 so far during the day. The stock had hit a 52-week low of Rs 192.20 on 16 August 2016.

The stock had outperformed the market over the past one month till 17 August 2017, gaining 14.99% compared with the Sensexs 0.87% decline. The stock had also outperformed the market over the past one quarter, gaining 74.39% as against the Sensexs 3.71% rise. The scrip had also outperformed the market over the past one year, jumping 159.37% as against the Sensexs 13.53% rise.

The small-cap company has equity capital of Rs 2.54 crore. Face value per share is Rs 10.

Talbros Engineerings net profit rose 58.04% to Rs 2.42 crore on 20.5% rise in total income to Rs 50.33 crore in Q1 June 2017 over Q1 June 2016. The result was announced after market hours yesterday, 17 August 2017.

Talbros Engineering started making axle shafts in 1980. From humble beginnings the scale has moved to 5,000 axle shafts per day. The company makes only axle shafts.

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Srei Infrastructure gets stronger on proposed IPO of subsidiary
Aug 17,2017

The announcement was made during market hours today, 17 August 2017.

Meanwhile, the S&P BSE Sensex was up 116.16 points or 0.37% at 31,887.05. The S&P BSE Mid-Cap index was down 11.15 points or 0.07% at 15,271.19.

High volumes were witnessed on the counter. On the BSE, 5.18 lakh shares were traded on the counter so far as against the average daily volumes of 3.02 lakh shares in the past one quarter. The stock had hit a high of Rs 127.30 and a low of Rs 119.20 so far during the day. The stock had hit a 52-week high of Rs 137.70 on 21 July 2017 and a 52-week low of Rs 63.05 on 29 September 2016.

The stock has gained 12.55% in four sessions to its ruling price from a close of Rs 108.35 on 10 August 2017.

The stock had outperformed the market over the past one month till 16 August 2017, rising 4.73% compared with the Sensexs 0.78% decline. The stock had also outperformed the market over the past one quarter, gaining 6.83% as against the Sensexs 3.89% rise. The scrip had also outperformed the market over the past one year, gaining 66.07% as against the Sensexs 13.21% rise.

The mid-cap company has equity capital of Rs 503.09 crore. Face value per share is Rs 10.

Srei Infrastructure Finance said that the board of directors of Srei Equipment Finance (SEFL), wholly owned subsidiary of the company approved to evaluate, subject to approval of its board, shareholders, market conditions and receipt of requisite approvals from statutory and other authorities, an initial public offering (IPO) of upto 25% of the post-issue paid-up equity share capital of SEFL.

SEFL is industry leader in infrastructure and construction equipment financing.

SREI Infrastructure Finances consolidated net profit rose 48% to Rs 76.32 crore on 5.5% rise in total income to Rs 1191.32 crore in Q1 June 2017 over Q1 June 2016.

SREI Infrastructure Finance is a leading integrated infrastructure financing conglomerate in India. The companys businesses include infrastructure finance, advisory and development, infrastructure equipment finance, alternative investment funds, capital markets and insurance broking.

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