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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.

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Tata Consultancy Services named Digital Innovator of the Year
Nov 16,2016

Tata Consultancy Services has been named as the 2016 Digital Innovator of the Year in the Ecosystem Excellence award category at GEs Mind + Machines event in San Francisco, California.

The award recognises TCS innovation and excellence in developing the TCS Digital Store TM, an expanding suite of ready to use digital solutions that deliver superior customer experience, real time data analytics and organisational agility across multiple industry segments.

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Shri Gang Industries & Allied Products announces demise of director
Nov 16,2016

Shri Gang Industries & Allied Products announced that Janeshwar Kumar Jain, Whole Time Director has expired on 15 November 2016.

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IRB Infrastructure Developers to announce Q2 results
Nov 16,2016

IRB Infrastructure Developers announced that the Meeting of the Board of Directors of the Company will be held on 22 November 2016 to consider and take on record, among other things Unaudited Financial Results of the Company for the quarter and six months ended 30 September 2016 (Q2).

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Ramco Industries gains after turnaround Q2 results
Nov 16,2016

Total income from operations rose 14.42% to Rs 164.49 crore in Q2 September 2016 over Q2 September 2015. The announcement was made during market hours today, 16 November 2016.

Meanwhile, the BSE Sensex was down 5.94 points, or 0.02%, to 26,298.69

On BSE, 3.35 lakh shares were traded in the counter as against average daily volume of 64,000 shares in the past two weeks. The stock hit a high of Rs 216.15 and a low of Rs 185.50. The stock had hit a record high of Rs 287.90 on 20 October 2016. The stock had hit a 52-week low of Rs 78.70 on 29 February 2016.

The company has equity capital of Rs 8.67 crore. Face value per share is Re 1.

Ramco Industries is producer of fibre cement sheets in India.

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Millennium Online Solutions (India) consolidated net profit declines 50.00% in the September 2016 quarter
Nov 16,2016

Net profit of Millennium Online Solutions (India) declined 50.00% to Rs 0.03 crore in the quarter ended September 2016 as against Rs 0.06 crore during the previous quarter ended September 2015. Sales declined 20.11% to Rs 4.25 crore in the quarter ended September 2016 as against Rs 5.32 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales4.255.32 -20 OPM %0.711.13 - PBDT0.030.06 -50 PBT0.030.06 -50 NP0.030.06 -50

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Madhav Infra Projects reports standalone net profit of Rs 1.91 crore in the September 2016 quarter
Nov 16,2016

Net profit of Madhav Infra Projects reported to Rs 1.91 crore in the quarter ended September 2016 as against net loss of Rs 0.31 crore during the previous quarter ended September 2015. Sales rose 11.65% to Rs 66.79 crore in the quarter ended September 2016 as against Rs 59.82 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales66.7959.82 12 OPM %27.8514.53 - PBDT9.963.84 159 PBT2.390.47 409 NP1.91-0.31 LP

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Apunka Invest Commercial standalone net profit declines 75.00% in the September 2016 quarter
Nov 16,2016

Net profit of Apunka Invest Commercial declined 75.00% to Rs 0.01 crore in the quarter ended September 2016 as against Rs 0.04 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 0.21 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales00.21 -100 OPM %019.05 - PBDT0.010.04 -75 PBT0.010.04 -75 NP0.010.04 -75

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Boston Leasing & Finance reports standalone nil net profit/loss in the September 2016 quarter
Nov 16,2016

Boston Leasing & Finance reported no net profit/loss in the quarter ended September 2016 as against net profit of Rs 0.01 crore during the previous quarter ended September 2015. Sales declined 33.33% to Rs 0.02 crore in the quarter ended September 2016 as against Rs 0.03 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.020.03 -33 OPM %033.33 - PBDT00.01 -100 PBT00.01 -100 NP00.01 -100

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Brahmaputra Infrastructure reports standalone net loss of Rs 3.75 crore in the September 2016 quarter
Nov 16,2016

Net Loss of Brahmaputra Infrastructure reported to Rs 3.75 crore in the quarter ended September 2016 as against net loss of Rs 3.21 crore during the previous quarter ended September 2015. Sales declined 16.42% to Rs 37.40 crore in the quarter ended September 2016 as against Rs 44.75 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales37.4044.75 -16 OPM %14.3320.40 - PBDT-2.60-1.28 -103 PBT-5.74-4.75 -21 NP-3.75-3.21 -17

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Acme Resources standalone net profit rises 36.45% in the September 2016 quarter
Nov 16,2016

Net profit of Acme Resources rose 36.45% to Rs 1.46 crore in the quarter ended September 2016 as against Rs 1.07 crore during the previous quarter ended September 2015. Sales declined 0.32% to Rs 6.29 crore in the quarter ended September 2016 as against Rs 6.31 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales6.296.31 0 OPM %57.3979.87 - PBDT1.711.90 -10 PBT1.701.93 -12 NP1.461.07 36

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Melstar Information Technologies reports standalone net loss of Rs 0.87 crore in the September 2016 quarter
Nov 16,2016

Net Loss of Melstar Information Technologies reported to Rs 0.87 crore in the quarter ended September 2016 as against net loss of Rs 0.03 crore during the previous quarter ended September 2015. Sales declined 15.87% to Rs 6.68 crore in the quarter ended September 2016 as against Rs 7.94 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales6.687.94 -16 OPM %-3.896.05 - PBDT-0.710.13 PL PBT-0.87-0.03 -2800 NP-0.87-0.03 -2800

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Monnet Industries reports standalone net loss of Rs 4.87 crore in the September 2016 quarter
Nov 16,2016

Net Loss of Monnet Industries reported to Rs 4.87 crore in the quarter ended September 2016 as against net loss of Rs 7.17 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 4.09 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales04.09 -100 OPM %0-24.94 - PBDT-4.86-7.17 32 PBT-4.87-7.17 32 NP-4.87-7.17 32

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Unison Metals reports standalone net profit of Rs 0.17 crore in the September 2016 quarter
Nov 16,2016

Net profit of Unison Metals reported to Rs 0.17 crore in the quarter ended September 2016. There were no net profit/loss reported during the previous quarter ended September 2015. Sales rose 67.67% to Rs 20.54 crore in the quarter ended September 2016 as against Rs 12.25 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales20.5412.25 68 OPM %3.897.35 - PBDT0.490.42 17 PBT0.250.16 56 NP0.170 0

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Vardhman Concrete reports standalone net loss of Rs 0.33 crore in the September 2016 quarter
Nov 16,2016

Net Loss of Vardhman Concrete reported to Rs 0.33 crore in the quarter ended September 2016 as against net loss of Rs 0.14 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 and during the previous quarter ended September 2015.

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Hindustan Appliances standalone net profit declines 23.53% in the September 2016 quarter
Nov 16,2016

Net profit of Hindustan Appliances declined 23.53% to Rs 0.13 crore in the quarter ended September 2016 as against Rs 0.17 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 and during the previous quarter ended September 2015.

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