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

Board of Kakatiya Cement Sugar & Industries recommends final dividend
Jun 06,2017

Kakatiya Cement Sugar & Industries announced that the Board of Directors of the Company at its meeting held on 26 May 2017, inter alia, have recommended the final dividend of Rs 3 per equity Share (i.e. 30%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Board of Onward Technologies recommends final dividend
Jun 06,2017

Onward Technologies announced that the Board of Directors of the Company at its meeting held on 22 May 2017, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Board of Ramco Cements appoints Chairman
Jun 06,2017

The Ramco Cements announced that the Board of Directors of the Company at its meeting held on 04 June 2017 transacted the following -

P.R.Venketrama Raja has been appointed as the Chairman of the Board.

The Board of Directors have decided to convene the 59th Annual General Meeting of the Company on 4 August 2017.

Powered by Capital Market - Live News

Redington drops on profit booking
Jun 06,2017

Meanwhile, the S&P BSE Sensex was down 44.20 points, or 0.14% at 31,265.29. The S&P BSE Mid-Cap index was down 29.31 points, or 0.2% at 14,794.75.

On the BSE, 45,000 shares were traded on the counter so far as against the average daily volumes of 5.78 lakh shares in the past one quarter. The stock had hit a high of Rs 150.95 and a low of Rs 142.35 so far during the day. The stock had hit a record high of Rs 155.35 on 5 June 2017 and a 52-week low of Rs 79.70 on 9 November 2016.

The stock had outperformed the market over the past one month till 5 June 2017, advancing 16.35% compared with the Sensexs 4.86% rise. The scrip had also outperformed the market over the past one quarter advancing 43.92% as against the Sensexs 8.59% rise. The scrip had also outperformed the market over the past one year advancing 34.08% as against the Sensexs 16.64% rise.

The mid-cap company has equity capital of Rs 79.97 crore. Face value per share is Rs 2.

Redington (India) had rallied 18.52% in the preceding four trading sessions to settle at Rs 149.10 yesterday, 5 June 2017, from its closing of Rs 125.80 on 30 May 2017.

Redington (India)s consolidated net profit rose 11.1% to Rs 153.32 crore on 3.1% increase in net sales to Rs 10794.98 crore in Q4 March 2017 over Q4 March 2016.

Redington (India) is a supply chain solutions provider worldwide to leading manufacturers of information technology, telecom, lifestyle and consumer electronics products.

Powered by Capital Market - Live News

Board of Ramco Systems approves change in directorate
Jun 06,2017

Ramco Systems announced that the Board of Directors of the Company at its meeting held on 04 June 2017 transacted the following -

1. P.R.Venketrama Raja has been appointed as the Chairman of the Board.

2. P.R. Venketrama Raja has relinquished the post of Managing Director with effect from the closing hours of 3rd June 2017. However, he will continue to be a member of the Board.

3. The Board of Directors have co-opted P.V.Abinav Ramasubramaniam Raja as an Additional Director.

4. The Board of Directors have appointed P.V.Abinav Ramasubramaniam Raja as Manager under Sec.203(3) of the Companies Act, 2013 and designated as Whole Time Director for a period of five years starting from 4 June 2017. The appointment is subject to the approval of the Shareholders at the forthcoming Annual General Meeting, by way of Special Resolution.we also attach a brief profile of P.V.Abinav Ramasubramaniam Raja.

5. The Board of Directors have decided to convene the 20th Annual General Meeting of the Company on Friday, the 4 August 2017.

Powered by Capital Market - Live News

Rajapalayam Mills appoints Chairman
Jun 06,2017

Rajapalayam Mills announced that the Board of Directors of the Company at its meeting held on 04 June 2017 have appointed P.R. Venketrama Raja as the Chairman of the Board.

Powered by Capital Market - Live News

Ramco Industries approves change in directorate
Jun 06,2017

Ramco Industries announced that the Board of Directors of the Company at its meeting held on 04 June 2017 has approved the following -

Appointment of P R Venketrama Raja as Chairman of the Board with effect from 03 June 2017.

Appointment of P.V. Abinav Ramasubramaniam Raja as Additional Director by the Board of Directors

Powered by Capital Market - Live News

KSB Pumps appoints CFO and KMP
Jun 06,2017

KSB Pumps appoints Milind Khadilkar as Chief Financial Officer and KMP of the Company with effect from 06 June 2017.

Powered by Capital Market - Live News

Kaya allots 1400 equity shares
Jun 06,2017

Kaya has allotted 1400 equity shares under ESOS. Consequently, the issued, subscribed and paid up capital of the Company stands increased to 13028014 equity shares of face value of Rs. 10 each.

Powered by Capital Market - Live News

Videocon Inds slumps about 67% in 12 sessions
Jun 06,2017

Meanwhile, the S&P BSE Sensex was down 48.29 points, or 0.15% to 31,261.20.

On the BSE, 26,000 shares were traded in the counter so far, compared with average daily volumes of 35,863 shares in the past one quarter. The stock opened with an downward gap of 5% at Rs 33.25 and remained stuck at that level so far, which is also its 52-week low level. The stock hit a 52-week high of Rs 114.90 on 6 October 2016.

The stock had underperformed the market over the past one month till 5 June 2017, falling 66.10% compared with 4.86% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 66.26% as against Sensexs 7.97% rise. The scrip had also underperformed the market in past one year, falling 66.36% as against Sensexs 16.92% rise.

The small-cap company has equity capital of Rs 334.46 crore. Face value per share is Rs 10.

Shares of Videocon Industries have fallen 66.90% in the preceding 12 trading sessions from its close of Rs 100.45 on 19 May 2017.

The recent sell-off in the stock has been triggered by media reports of escalating debt woes of the company. As per reports, Central Bank of India declared the company as a non-performing asset (NPA) in Q1 June 2017. Central Bank of India has one of the highest exposures to Videocon at Rs 2700 crore, reports added. Other banks are likely to soon follow suit in declaring the account as a bad loan or an NPA.

Dena Bank had recently announced that it had classified Videocons loan amounting to Rs 520 crore as a NPA. This has resulted into some negative publicity of the company and, accordingly, impacted its stock price, the company recently clarified to the bourses on 23 May 2017.

Videocon Industries reported net loss of Rs 547.73 crore in Q4 March 2017 as against net loss of Rs 189.59 crore in Q4 March 2016. Net sales declined 28.26% to Rs 1985.85 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours on Friday, 26 May 2017.

Videocon Industries operates in four segments: consumer electronics and home appliances, crude oil and natural gas, telecommunications and power.

Powered by Capital Market - Live News

Dr Reddys Laboratories launches Bivalirudin for Injection
Jun 06,2017

Dr Reddys Laboratories has launched Bivalirudin for Injection, 250 mg/vial, a therapeutic equivalent generic version of Angiomax (Bivalirudin) for Injection, approved by the USFDA.

Powered by Capital Market - Live News

CCI approves merger of Telenor (India) Communication with Bharti Airtel
Jun 06,2017

Bharti Airtel announced that the Competition Commission of India vide its letter dated 05 June 2017 has approved the proposed merger of Telenor (India) Communications with Bharti Airtel.

Powered by Capital Market - Live News

Bajaj Finance gets revision in credit ratings
Jun 06,2017

Bajaj Finance announced that ICRA has upgraded credit rating of the Company for NCDs and subordinated debt as follows -

Non Convertible Debentures - ICRA AAA / Stable ( Revised from ICRA AA+/ Positive)

Subordinated Debt - ICRA AAA / Stable (Revised from ICRA AA+/ Positive)

ICRA has reaffirmed the Commercial Paper Programme rating at ICRA A1+ and for Fixed Deposits Programme rating at MAAA/ Stable.

Powered by Capital Market - Live News

Asian Paints slips after bulk deal
Jun 06,2017

Meanwhile, the S&P BSE Sensex was down 10.08 points, or 0.03% to 31,299.41

Bulk deal boosted volume on the scrip. On the BSE, 3.94 lakh shares were traded in the counter so far, compared with average daily volumes of 1.16 lakh shares in the past one quarter. The stock had hit a high of Rs 1,166.30 and a low of Rs 1,141.45 so far during the day. The stock hit a record high of Rs 1,230 on 13 October 2016. The stock hit a 52-week low of Rs 850.10 on 22 December 2016.

The stock had underperformed the market over the past one month till 5 June 2017, rising 1.38% compared with 4.86% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, rising 13.61% as against Sensexs 7.97% rise. The scrip had also underperformed the market in past one year, gaining 13.36% as against Sensexs 16.92% rise.

The large-cap company has equity capital of Rs 95.92 crore. Face value per share is Re 1.

Asian Paints consolidated net profit rose 10.14% to Rs 479.61 crore on 8.3% rise in total income to Rs 4022.56 crore in Q4 March 2017 over Q4 March 2016.

Asian Paints is Indias leading paint company and ranked among the top ten decorative coatings companies in the world.

Powered by Capital Market - Live News

Tata Elxsi spurts over 15% in two sessions
Jun 06,2017

The announcement was made during trading hours yesterday, 5 June 2017. Shares of Tata Elxsi rose 9.81% to settle at Rs 1,491.70 yesterday, 5 June 2017. The stock has risen 15.36% in two trading sessions from its close of Rs 1,358.40 on Friday, 2 June 2017.

Meanwhile, the S&P BSE Sensex was up 2.73 points, or 0.01% to 31,312.22.

On the BSE, 2.69 lakh shares were traded in the counter so far, compared with average daily volumes of 47,495 shares in the past one quarter. The stock had hit a high of Rs 1,598 and a low of Rs 1,496.55 so far during the day. The stock hit a 52-week high of Rs 1,827 on 9 June 2016. The stock hit a 52-week low of Rs 1,021.65 on 21 November 2016.

The stock had underperformed the market over the past one month till 5 June 2017, falling 3.31% compared with 4.86% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 2.35% as against Sensexs 7.97% rise. The scrip had also underperformed the market in past one year, falling 16.02% as against Sensexs 16.92% rise.

The mid-cap company has equity capital of Rs 31.14 crore. Face value per share is Rs 10.

Tata Elxsi announced the licensing of its advanced autonomous vehicle middleware platform AUTONOMAI to one of the worlds top 5 automotive OEMs (original equipment manufacturers) for their driverless car R&D (research and development).

The Autonomai platform provides carmakers and Tier 1 automotive suppliers with a comprehensive and modular solution covering perception, GNC (guidance navigation control) and drive-by-wire systems, to quickly build, test and deploy autonomous vehicles.

This solution supports sensor fusion with a variety of sensors from cameras to radar and lidar, and leverages sophisticated artificial intelligence (AI) and deep learning based algorithms to deliver the complex use-case scenarios expected of driverless cars.

Autonomai also allows rapid region specific adaptation through its pre-integrated validation datasets and AI & deep learning capabilities.

Net profit of Tata Elxsi rose 8.30% to Rs 44.50 crore on 10.92% rise in net sales to Rs 326.05 crore in Q4 March 2017 over Q4 March 2016.

Tata Elxsi is a global design and technology services company, headquartered in Bangalore.

Powered by Capital Market - Live News