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

Bronze Infra-Tech to hold board meeting
May 22,2017

Bronze Infra-Tech will hold a meeting of the Board of Directors of the Company on 29 May 2017, to consider and take on record the Audited Financial Results for the quarter and year ended on March 31, 2017 and any other matter with the permission of the Chair.

Powered by Capital Market - Live News

India Finsec to hold board meeting
May 22,2017

India Finsec will hold a meeting of the Board of Directors of the Company on 29 May 2017, to consider and approve Audited Standalone and Consolidated Financial Results for the Year ended 31st March, 2017 or any other matter with the permission of Chairman.

Powered by Capital Market - Live News

Pochiraju Industries to hold board meeting
May 22,2017

Pochiraju Industries will hold a meeting of the Board of Directors of the Company on 29 May 2017, to consider the Audited Financial results for the quarter and year ended 31 March 2017, Audit Report for the quarter and year ended 31 March 2017, and any other business with the permission of the Chair.

Powered by Capital Market - Live News

Money Masters Leasing & Finance to hold board meeting
May 22,2017

Money Masters Leasing & Finance will hold a meeting of the Board of Directors of the Company on 29 May 2017, to consider and approve the Audited Financial Results for the financial year ended 31st March 2017, to consider conversion of existing preference shares into equity shares, to consider preferential allotment of preference shares, to consider reclassification and increase in authorised share capital, and others..

Powered by Capital Market - Live News

Blueblood Ventures to hold board meeting
May 22,2017

Blueblood Ventures will hold a meeting of the Board of Directors of the Company on 29 May 2017, to consider and approve inter- alia, the Annual Audited Standalone as well as Consolidated Financial Results for the Company of the half year and for the financial year ended March 31, 2017.

Powered by Capital Market - Live News

Virat Leasing to hold board meeting
May 22,2017

Virat Leasing will hold a meeting of the Board of Directors of the Company on 30 May 2017, for considering audited financial results for year ended 31st March 2017.

Powered by Capital Market - Live News

Phoenix Mills to acquire 16.41% stake in Offbeat Developers
May 22,2017

Phoenix Mills announced that the Company has entered into a Share Purchase Agreement (SPA) dated 19 May 2017 for the acquisition by the Company of the entire 5.36% equity shareholding of HBS Realtors (HBS), in Offbeat Developers (ODPL).

The proposed acquisition by the Company will be effected on the terms and conditions contained in the SPA. Further, as informed vide our earlier letters in this regard on the captioned subject, the Company has entered into Share Purchase Agreements to acquire entire equity shareholding of IIRF Holdings X (IIRF), Vistra ITCL (India) (Vistra) and Eder River Eder River), representing a cumulative stake of 11.05% in ODPL.

Powered by Capital Market - Live News

Tree House Education & Accessories announces resignation of company secretary
May 22,2017

Tree House Education & Accessories announced the resignation of Devanshu Parekh from the post of Company Secretary and Compliance Officer of the Company w.e.f. 20 May 2017.

Powered by Capital Market - Live News

Thirumalai Chemicals drops after poor Q4 results
May 22,2017

The result was announced on Saturday, 20 May 2017.

Meanwhile, the S&P BSE Sensex was up 124.26 points or 0.41% at 30,589.18. The S&P BSE Small-Cap index was down 6.62 points or 0.04% at 15,220.45.

On the BSE, 13,000 shares were traded on the counter so far as against the average daily volumes of 16,627 shares in the past one quarter. The stock had hit a high of Rs 940 and a low of Rs 874.20 so far during the day.

The stock had hit a record high of Rs 1,010 on 4 May 2017 and a 52-week low of Rs 235.05 on 31 May 2016. It had outperformed the market over the past one month till 19 May 2017, advancing 8.12% compared with the Sensexs 3.85% rise. The scrip had also outperformed the market over the past one quarter, gaining 9.46% as against the Sensexs 7.01% rise.

The small-cap company has equity capital of Rs 10.24 crore. Face value per share is Rs 10.

Thirumalai Chemicals board at its meeting held on 20 May 2017, recommended a dividend of Rs 18.75 per share for the year ended March 2017.

Thirumalai Chemicals is engaged in the manufacture of chemical products and its intermediaries. It is also engaged in wind power generation.

Powered by Capital Market - Live News

Board of Technofab Engineering does not recommend dividend
May 22,2017

The Board of Directors of Technofab Engineering at its meeting held on 20 May 2017 has decided not to recommend dividend.

Powered by Capital Market - Live News

Mahindra Holidays climbs up as board approves 1:2 bonus issue
May 22,2017

The announcement was made after market hours on Friday, 19 May 2017.

Meanwhile, the S&P BSE Sensex was up 148.61 points, or 0.49%, to 30,613.53. The S&P BSE Mid-Cap index was down 45.97 points or 0.31% to 14,598.03.

On the BSE, 3,982 shares were traded in the counter so far, compared with average daily volume of 1.72 lakh shares in the past one quarter. The stock had hit a high of Rs 485.70 and a low of Rs 465.60 so far during the day. The stock had hit a 52-week high of Rs 513.30 on 26 August 2016. The stock had hit a 52-week low of Rs 382.65 on 25 May 2016.

The stock had outperformed the market over the past one month till 19 May 2017, rising 5.74% compared with the 3.85% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, gaining 4.38% as against Sensexs 7.01% rise.

The mid-cap company has equity capital of Rs 88.78 crore. Face value per share is Rs 10.

Mahindra Holidays and Resorts Indias board has fixed 11 July 2017 as the record date for the purpose of determining members who would be entitled to the bonus shares.

The company also announced after market hours on Friday, 19 May 2017 that its net profit rose 4.5% to Rs 31.8 crore on 26.3% rise in total income to Rs 315.7 crore in Q4 March 2017 over Q4 March 2016.

The board recommended a dividend of Rs 5 per share for the financial year ended 31 March 2017.

The board also approved the appointment of Akhila Balachandar as the Chief Financial Officer and designated her as a key managerial personnel of the company with effect from 20 May 2017. Further, consequent to the above, the board of directors have re-designated S Krishnan who is currently CFO & Executive Director to Executive Director of the company with effect from 20 May 2017.

Mahindra Holidays & Resorts India is a part of the leisure and hospitality sector of the Mahindra Group.

Powered by Capital Market - Live News

Neuland Laboratories enters into joint development agreement with Phoenix Embassy Techno Zone
May 22,2017

Neuland Laboratories announced that the Company has entered into a joint development agreement with Phoenix Embassy Techno Zone for development of the land owned by the Company at Nanakramguda.

Powered by Capital Market - Live News

Buyback plans of Selan Explorations Technology
May 22,2017

Selan Explorations Technology has plans for buyback of equity shares. The Board of Directors of the company will consider the proposal on 26 May 2017.

Powered by Capital Market - Live News

VRL Logistics declines after weak Q4 earnings
May 22,2017

The result was announced after market hours on Friday, 19 May 2017.

Meanwhile, the S&P BSE Sensex was up 175.11 points, or 0.57% at 30,640.03. The S&P BSE Mid-cap index was down 17.56 points, 0.12%, at 14,626.44.

On the BSE, 27,000 shares were traded on the counter so far as against the average daily volumes of 29,686 shares in the past one quarter. The stock had hit a high of Rs 320.70 and a low of Rs 308.05 so far during the day.

The stock had hit a 52-week high of Rs 415 on 19 May 2016 and hit a 52-week low of Rs 244.70 on 9 November 2016. The stock had underperformed the market over the past one month till 19 May 2017, declining 2.04% compared with the Sensexs 3.85% rise. The scrip had, however, outperformed the market over the past one quarter advancing 13.48% as against the Sensexs 7.01% rise.

The mid-cap company has equity capital of Rs 91.24 crore. Face value per share is Rs 10.

VRL Logistics earnings before interest, tax, depreciation and amortization (EBITDA) decreased by 13.28% to Rs 43.87 crore in Q4 March 2017 over Q4 March 2016.

EBITDA margin decreased to 9.86% in Q4 March 2017, from 12.12% in Q4 March 2016.

VRL Logistics is engaged in goods transportation and passenger transportation. The company offers logistics services dealing in domestic transportation of goods. It is also engaged in bus operations, air chartering service, sale of power and sale of certified emission reductions (CER) units generated from operation of wind mills.

Powered by Capital Market - Live News

Just Dial slips after weak Q4 earnings
May 22,2017

The result was announced after market hours on Friday, 19 May 2017.

Meanwhile, the S&P BSE Sensex was up 154.81 points or 0.51% at 30,619.73. The S&P BSE Mid-Cap index was down 23.86 points or 0.13% at 14,624.62.

On the BSE, 1.77 lakh shares were traded on the counter so far as against the average daily volumes of 3.08 lakh shares in the past one quarter. The stock had hit a high of Rs 502 and a low of Rs 485 so far during the day.

The stock had hit a 52-week high of Rs 808.20 on 23 May 2016 and a record low of Rs 318.20 on 27 December 2016. It had underperformed the market over the past one month till 19 May 2017, advancing 1.47% compared with the Sensexs 3.85% rise. The scrip had, however, outperformed the market over the past one quarter, gaining 10.8% as against the Sensexs 7.01% rise.

The mid-cap company has equity capital of Rs 70.60 crore. Face value per share is Rs 10.

Just Dial is a leading local search engine in India.

Powered by Capital Market - Live News