My Application Form Status

Check the status of your application form with Angel Broking.
Arq - The Hyper Intelligent Investment Engine By Angel Broking
Reliance Capital gains after board approves independent listing of home finance business

Reliance Capital gains after board approves independent listing of home finance business

Sep 14,2016

The announcement was made yesterday, 13 September 2016, when stock market remained closed on account of Bakri Id.

Meanwhile, the S&P BSE Sensex was down 46.19 points or 0.16% at 28,307.35.

On BSE, so far 6.75 lakh shares were traded in the counter as against average daily volume of 5.01 lakh shares in the past one quarter. The stock hit a high of Rs 561.50 and a low of Rs 546.65 so far during the day. The stock had hit a 52-week high of Rs 574 on 9 September 2016. The stock had hit a 52-week low of Rs 303.60 on 12 February 2016. The stock had outperformed the market over the past one month till 12 September 2016, rising 21.96% compared with 0.71% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 32.06% as against Sensexs 6.45% rise.

The large-cap company has equity capital of Rs 252.63 crore. Face value per share is Rs 10.

Reliance Capital said the independent listing of Reliance Home Finance (RHF) is expected to unlock substantial value for existing shareholders of Reliance Capital. The listing of Reliance Home Finance will also lead to increased management focus and accelerated growth in the home finance business. As per the proposal, 49% stake in Reliance Home Finance Limited will be allotted to all shareholders of Reliance Capital, in the ratio of one share free of cost in Reliance Home Finance for every one share held in Reliance Capital.

Reliance Capital will hold a 51% stake in Reliance Home Finance, and the company will be adequately capitalised to grow the lending book to over Rs 20000 crore in the next 18 months. The proposal is subject to necessary shareholders and other approvals. Reliance Home Finance, a 100% subsidiary of Reliance Capital, provides a wide range of loan solutions like home loan, LAP, construction finance and affordable housing loans. The company reported an AUM of Rs 8259 crore ($1.2 billion) during the quarter ended 30 June 2016.

Mr. Anmol A. Ambani, Director, Reliance Capital said Prime Minister, Narendra Modi has set a goal of affordable housing for all by 2022. There is presently an estimated shortage of 10 crore residential units in India. To address the needs of this sector, Reliance Home Finance has charted an aggressive growth plan in this space, and aims to increase its book size to over Rs 50000 crore in the next few years.

On a consolidated basis, Reliance Capitals net profit rose 3% to Rs 207 crore on 48.3% growth in total income to Rs 3663 crore in Q1 June 2016 over Q1 June 2015.

Reliance Capital, a part of the Reliance Group, is one of Indias leading private sector financial services companies.

Powered by Capital Market - Live News

AAI, DRDO and Govt. of Jharkhand Signed a Tripartite MoU for Development of Deoghar Airport in Deoghar district of Jharkhand
Mar 28,2017

Airports Authority of India, Defense Research and Development Organization (DRDO) and Govt. of Jharkhand signed a tripartite MoU for development of Deoghar Airport in Deoghar district of Jharkhand. The existing Deoghar Airport will be developed for operations of A-320 and C-130 Aircraft. Signing of MoU took place in a ceremony held at the CM Residence.

The Govt. of Jharkhand has acquired 600.34 acres of land which will be handed over to AAI apart from the existing 53.41 acres Deoghar Airport land. D.R.D.O, Govt. of Jharkhand and AAI will provide Rs. 200 Crores, Rs. 50 Crores respectively to develop, operationalize and maintain the airport. The time frame given to develop and operationalize the Deoghar Airport is two years.

Powered by Capital Market - Live News

Value of Output of Milk at Current Prices Rs.5,00,405 Crore in 2014-15
Mar 28,2017

As per National Account Statistics Report, 2016, the value of output of milk at current prices was Rs.5,00,405 crore in 2014-15, while at constant prices (2011-12) it was 3,89,846 crore. As compared to last year, the growth in value of output of milk is about 7.4 percent at constant prices.

As per National Dairy Development Board, it is estimated that out of total milk production 46% is consumed locally, and 54% is marketable surplus. The share of organized sector in the total marketable surplus of milk is about 30%, while the balance 70% is handled by the unorganized sector. Of the total organized liquid milk market, the cooperatives and private dairy sector have almost equal share.

The GDP estimates of milk industry are not available separately, although, the contribution of livestock sector to the countrys GDP is about 4 percent. Also, the share of value of output of milk group in the total livestock sector is about 67%.

Dairy is an important source of additional income for the farmers. Availability of milk processing facility and other infrastructure will benefit the farmers through value addition. A large number of milk processing units set up under the Operation Flood Programme has since become old and obsolete. A Dairy Processing and Infrastructure Development Fund would be set up in NABARD with a corpus of Rs. 8,000 crores over 3 years. Initially, the Fund will start with a corpus of Rs. 2,000 crores.

Currently milk cooperatives convert about 20% of milk procurement into conventional & other Value Added Products.

Powered by Capital Market - Live News

Rupee slips a tad
Mar 28,2017

Rupee closed lower at 65.0650/0850 per dollar on Tuesday (28 March 2017), versus its previous close of 65.0350/0450 per dollar.

Powered by Capital Market - Live News

Markets were closed
Mar 28,2017

Indias currency markets were closed on Tuesday (28 March 2017) for a public holiday. The trading will resume on Wednesday. Previous close is 65.0350/0450 per dollar.

Powered by Capital Market - Live News

Emmbi jumps after inaugurating pond lining facility
Mar 28,2017

The announcement was made during market hours today, 28 March 2017.

Meanwhile, the S&P BSE Sensex was up 176.63 points or 0.6% at 29,413.78. The BSE Small-Cap index was up 77.43 points or 0.55% at 14,148.71.

On the BSE, 1.24 lakh shares were traded on the counter so far as against the average daily volumes of 24,261 shares in the past one quarter. The stock had hit a high of Rs 157.75 so far during the day, which is a record high. The stock hit a low of Rs 140.50 so far during the day.

The stock had hit a 52-week low of Rs 62.50 on 29 March 2016. It had outperformed the market over the past one month till 27 March 2017, advancing 4.55% compared with the Sensexs 1.47% rise. The scrip had also outperformed the market over the past one quarter, gaining 21.23% as against the Sensexs 11.53% rise.

The small-cap company has equity capital of Rs 17.69 crore. Face value per share is Rs 10.

Emmbi Industries said it has launched Jalasanchay Brand, the pond linersfor storing water at its newly acquired & furbished manufacturing facility at Silvassa on the auspicious day of Gudhi Padva.

Emmbi will produce under Jalsanchay Brand 4,380 ponds per year creating an extra water storage capacity of 48 million liters per day for the country.

All the manufacturing equipments used are of advanced cutting edge technology giving a special pedestal to Emmbi over the global competition.

The states of Maharashtra and Rajasthan where the company is presently active in the business, has a plan to produce 1.10 lakh & 50,000 ponds per year respectively for the next five years.

This is the new market segment with a potential size of Rs 2000 crore.

Emmbi aspires to get 10% of the market share of pond lining business in the coming years.

Emmbi Industries net profit fell 5.2% to Rs 2.39 crore on 4.3% growth in net sales to Rs 55.13 crore in Q3 December 2016 over Q3 December 2015.

Emmbi Industries is engaged in the business of manufacturing and trading of plastics products.

Powered by Capital Market - Live News

Puravankara surges after exiting from investment in AP
Mar 28,2017

The announcement was made during market hours today, 28 March 2017.

Meanwhile, the S&P BSE Sensex was up 170.03 points, or 0.58% to 29,407.18.

On the BSE, 83,857 shares were traded in the counter so far, compared with average daily volumes of 68,930 shares in the past one quarter. The stock had hit a high of Rs 69.10 and a low of Rs 64.50 so far during the day. The stock had hit a 52-week high of Rs 70.40 on 24 March 2017. The stock had hit a 52-week low of Rs 37.20 on 22 November 2016.

The stock had outperformed the market over the past one month till 27 March 2017, gaining 24.69% compared with the Sensexs 1.47% rise. The scrip had also outperformed the market over the past one quarter, gaining 44.63% as against the Sensexs 11.53% rise.

The small-cap company has equity capital of Rs 118.57 crore. Face value per share is Rs 5.

Puravankara said that the company has received in aggregate of Rs 475 crore in the transaction with an unrelated third party in an arms length transaction. Consequent to the transaction, the company has transferred the entire shares in three wholly owned subsidiaries to the unrelated third party.

The transaction was enabled by a resolution passed by the board of directors on 21 March 2017, to exit from the investment of Rs 403 crore at Raidurg, Panamaktha Village, which would involve the sale of its entire shares in three wholly-owned subsidiaries of Puravankara. The transaction has been authorized on a condition that total inflow should not be less than a sum of Rs 475 crore.

On a consolidated basis, net profit of Puravankara rose 15.3% to Rs 20.09 crore on 29.1% decline in net sales to Rs 268.86 crore in Q3 December 2016 over Q3 December 2015.

Puravankara is a real estate company. The company has operations in Mumbai, Bangalore, Kochi, Chennai, Coimbatore, Hyderabad, Mysore and overseas in Dubai, Colombo and Saudi Arabia.

Powered by Capital Market - Live News

Board of V-Guard Industries approves investment in GUTS Electro-Mech, Hyderabad
Mar 28,2017

V-Guard Industries announced that the Board of Directors of the Company at its meeting held on 28 March 2017 considered the proposal of taking majority stake in the equity of GUTS Electro-Mech, Hyderabad a company which is engaged in the manufacture and marketing of various kinds of domestic switch gears and current transformers, and accorded its in-principle approval to make the investment, subject to completion of due diligence and obtaining approvals from requisite authorities.

Powered by Capital Market - Live News

NBCC (India) fixes record date for interim dividend
Mar 28,2017

NBCC (India) has fixed 30 March 2017 as the Record Date for the purpose of Payment of Interim Dividend.

Further, the Interim Dividend would be paid on or before 24 April 2017.

Powered by Capital Market - Live News

Outcome of board meeting of ARSS Infrastructure Projects
Mar 28,2017

ARSS Infrastructure Projects announced that the Board of Directors of the Company has discussed the following businesses:

1. Board discussed and approved (resolved) One Time Final Settlement Agreement With SREI Equipment Finance by assignment/ transfer of arbitration claims on such terms & conditions as agreed upon in between company and SREI.

2. Board discussed and disapproved One Time Final Settlement with Edelweiss Asset Reconstruction Company EARC on the ground that the settlement with EARC would be considered at a time of final settlement with other Banks, shortly as huge cash outflow is involved into it.

Powered by Capital Market - Live News

MT Educare recovers on bargain hunting
Mar 28,2017

Meanwhile, the S&P BSE Sensex was up 165.30 points or 0.57% at 29,402.45. The BSE Small-Cap index was up 95.62 points or 0.68% at 14,166.90.

On the BSE, 43,000 shares were traded on the counter so far as against the average daily volumes of 95,551 shares in the past one quarter. The stock had hit a high of Rs 81.45 so far during the day. The stock hit a low of Rs 77.80 so far during the day, which is a 52-week low for the counter.

The stock had hit a record high of Rs 199.30 on 17 May 2016. It had underperformed the market over the past one month till 27 March 2017, sliding 17.69% compared with the Sensexs 1.47% rise. The scrip had also underperformed the market over the past one quarter, declining 30.69% as against the Sensexs 11.53% rise.

The small-cap company has equity capital of Rs 39.82 crore. Face value per share is Rs 10.

Shares of MT Educare had fallen 9.28% in the preceding five trading sessions to settle at Rs 78.15 yesterday, 27 March 2017, from its close of Rs 86.15 on 20 March 2017.

On consolidated basis, MT Educare reported net loss of Rs 4.44 crore in Q3 December 2016 as against net profit of Rs 7.84 crore in Q3 December 2015. Net sales declined 18.2% to Rs 41.60 crore in Q3 December 2016 over Q3 December 2015.

MT Educare is one of the leading education support and coaching services provider in school, science and commerce streams across Maharashtra and has operations in other states like Tamil Nadu, Kerala, Andhra Pradesh, Telangana, Karnataka, Punjab, Haryana, Assam, Uttar Pradesh and Gujarat.

Powered by Capital Market - Live News

Board of Themis Medicare approves change in directorate
Mar 28,2017

Themis Medicare announced that the Board of Directors of the Company at its meeting held on 28 March 2017 approved the following -

1. Accepted resignation of Jayshree D. Patel (DIN: 00033316) as an Alternate Director to Dr. Gabor Gulacsi with effect from 28th March, 2017.

2. Appointed Jayshree D. Patel (DIN: 00033316) as an Additional Director (Whole Time & Woman Director) on the Board of the Company w.e.f. 28 March, 2017 on remuneration as approved by the Board subject to the approval of the members at the ensuing Annual General Meeting of the Company.

3. Allotment of 2548 Equity shares to eligible employees pursuant exercise of ESOP options under Themis ESOS Scheme 2012.

Powered by Capital Market - Live News

Marsons bags order worth USD 118.4 million
Mar 28,2017

Marsons has secured a large order of 30 power transformers worth USD 118.4 million from a leading EPC contractor for the IPDS and DDUGJY projects in Orissa.

Powered by Capital Market - Live News

Skipper starts commercial production at new unit in Palasbari, Assam
Mar 28,2017

Skipper successfully commenced commercial production at its new unit in Palasbari (near Guwahati), Assam on 27 March, 2017. The unit will enjoy direct and indirect tax holiday benefits for next 10 years under NEIIPP- 2007. This is the Companys eighth manufacturing unit (second near Guwahati) and has an installed capacity of 30,000 tonnes for engineering products and 7000 tonnes for polymer products taking the combined installed capacity of the engineering products to 2,30,000 tonnes and 48,000 tonnes for polymer products. The plant has been partly financed by term loan and balance by internal accruals with an approx. investment of Rs 70 crore.

Powered by Capital Market - Live News

APL Apollo Tubes commences production at new unit in Raipur, Chhattisgarh
Mar 28,2017

APL Apollo Tubes announced that on 27 March 2017, the newly set-up Unit of the Company at Village Bendri, Raipur, Chhattisgarh has started production

Powered by Capital Market - Live News

Finolex Cables scales record high
Mar 28,2017

The stock has jumped 10.1% in three sessions to its current ruling price of Rs 510.10, from a close of Rs 463.30 on 23 March 2017.

Meanwhile, the S&P BSE Sensex was up 155.74 points, or 0.53%, to 29,392.89.

On the BSE, 36,810 shares were traded in the counter so far, compared with an average volume of 23,982 shares in the past one quarter. The stock had hit a high of Rs 520 in intraday trade, which is also a record high for the stock. The stock hit a low of Rs 494 so far during the day.

The stock had hit a 52-week low of Rs 255.35 on 20 March 2016. The stock had outperformed the market over the past one month till 27 March 2017, gaining 11.48% compared with the Sensexs 1.47% rise. The scrip had also outperformed the market over the past one quarter, gaining 17.09% as against the Sensexs 11.53% rise.

The mid-cap company has an equity capital of Rs 30.59 crore. Face value per share is Rs 2.

Finolex Cables net profit rose 37.8% to Rs 68.43 crore on 9.9% rise in net sales to Rs 668.94 crore in Q3 December 2016 over Q3 December 2015.

Finolex Cables, the flagship company of the Finolex Group, is Indias largest and leading manufacturer of electrical and telecommunication cables.

Powered by Capital Market - Live News