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 Golkunda Diamonds & Jewellery recommends final dividend
Jun 05,2017

Golkunda Diamonds & Jewellery announced that the Board of Directors of the Company at its meeting held on 30 May 2017, inter alia, have recommended the final dividend of Rs 0.35 per equity Share (i.e. 3.5%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Board of Genesys International Corporation recommends final dividend
Jun 05,2017

Genesys International Corporation announced that the Board of Directors of the Company at its meeting held on 30 May 2017, inter alia, have recommended the final dividend of Rs 0.125 per equity Share (i.e. 2.5%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Board of Gufic BioSciences recommends final dividend
Jun 05,2017

Gufic BioSciences announced that the Board of Directors of the Company at its meeting held on 29 May 2017, inter alia, have recommended the final dividend of Rs 0.05 per equity Share (i.e. 5%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Board of GRP recommends final dividend
Jun 05,2017

GRP announced that the Board of Directors of the Company at its meeting held on 30 May 2017, inter alia, have recommended the final dividend of Rs 10 per equity Share (i.e. 100%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Board of Albert David recommends final dividend
Jun 05,2017

Albert David announced that the Board of Directors of the Company at its meeting held on 30 May 2017, inter alia, have recommended the final dividend of Rs 5.5 per equity Share (i.e. 55%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Board of Bajaj Electricals recommends final dividend
Jun 05,2017

Bajaj Electricals announced that the Board of Directors of the Company at its meeting held on 29 May 2017, inter alia, have recommended the final dividend of Rs 2.8 per equity Share (i.e. 140%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Can Fin Homes gains on stock-split plan
Jun 05,2017

The announcement was made after market hours on Friday, 2 June 2017.

Meanwhile, the S&P BSE Sensex was up 76.49 points, or 0.24%, to 31,349.78. The S&P BSE Mid-Cap index was up 58.74 points, or 0.4%, to 14,860.22.

On the BSE, 2,310 shares were traded in the counter so far, compared with an average volume of 14,060 shares in the past one quarter. The stock had hit a high of Rs 2,756 and a low of Rs 2,735.85 so far during the day. The stock had hit a record high of Rs 2,897 on 4 May 2017. The stock had hit a 52-week low of Rs 1,079.85 on 24 June 2016.

The stock had underperformed the market over the past one month till 2 June 2017, falling 4.17% compared with 3.81% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, rising 39.71% as against Sensexs 8.47% rise. The scrip also outperformed the market in past year, surging 124.17% as against Sensexs 16.5% rise.

The mid-cap company has an equity capital of Rs 26.62 crore. Face value per share is Rs 10.

Can Fin Homes net profit rose 49.35% to Rs 70.87 crore on 22.42% rise in net total income to Rs 361.48 crore in Q4 March 2017 over Q4 March 2016.

Can Fin Homes main business is to provide loans for the purchase and construction of residential houses.

Powered by Capital Market - Live News

Board of Balmer Lawrie & Company recommends final dividend
Jun 05,2017

Balmer Lawrie & Company announced that the Board of Directors of the Company at its meeting held on 29 May 2017, inter alia, have recommended the final dividend of Rs 7 per equity Share (i.e. 70%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Board of Gujarat State Fertilizers& Chemicals recommends final dividend
Jun 05,2017

Gujarat State Fertilizers& Chemicals announced that the Board of Directors of the Company at its meeting held on 29 May 2017, inter alia, have recommended the final dividend of Rs 2.2 per equity Share (i.e. 110%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Board of Gujarat Narmada Valley Fert. & Chem. recommends final dividend
Jun 05,2017

Gujarat Narmada Valley Fert. & Chem. announced that the Board of Directors of the Company at its meeting held on 29 May 2017, inter alia, have recommended the final dividend of Rs 5 per equity Share (i.e. 50%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Can Fin Homes heads north after stock-split plan
Jun 05,2017

The announcement was made after market hours on Friday, 2 June 2017.

Meanwhile, the S&P BSE Sensex was up 76.49 points, or 0.24%, to 31,349.78. The S&P BSE Mid-Cap index was up 58.74 points, or 0.4%, to 14,860.22.

On the BSE, 2,310 shares were traded in the counter so far, compared with an average volume of 14,060 shares in the past one quarter. The stock had hit a high of Rs 2,756 and a low of Rs 2,735.85 so far during the day. The stock had hit a record high of Rs 2,897 on 4 May 2017. The stock had hit a 52-week low of Rs 1,079.85 on 24 June 2016.

The stock had underperformed the market over the past one month till 2 June 2017, falling 4.17% compared with 3.81% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, rising 39.71% as against Sensexs 8.47% rise. The scrip also outperformed the market in past year, surging 124.17% as against Sensexs 16.5% rise.

The mid-cap company has an equity capital of Rs 26.62 crore. Face value per share is Rs 10.

Can Fin Homes net profit rose 49.35% to Rs 70.87 crore on 22.42% rise in net total income to Rs 361.48 crore in Q4 March 2017 over Q4 March 2016.

Can Fin Homes main business is to provide loans for the purchase and construction of residential houses.

Powered by Capital Market - Live News

Board of Arihant Superstructures recommends final dividend
Jun 05,2017

Arihant Superstructures announced that the Board of Directors of the Company at its meeting held on 27 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 Escorts recommends final dividend
Jun 05,2017

Escorts announced that the Board of Directors of the Company at its meeting held on 29 May 2017, inter alia, have recommended the final dividend of Rs 1.5 per equity Share (i.e. 15%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Tata Comm gains after entering in strategic deal with Batelco
Jun 05,2017

The announcement was made on Sunday, 4 June 2017.

Meanwhile, the BSE Sensex was up 33.35 points, or 0.11%, to 31,306.64

On the BSE, so far 26,000 shares were traded in the counter, compared with average daily volumes of 83,017 shares in the past one quarter. The stock had hit a high of Rs 746.35 and a low of Rs 735 so far during the day. The stock hit a 52-week high of Rs 784 on 17 March 2017. The stock hit a 52-week low of Rs 426.70 on 24 June 2016.

The stock had outperformed the market over the past one month till 2 June 2017, rising 4.34% compared with 3.81% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, declining 1.18% as against Sensexs 8.47% rise. The scrip, however, outperformed the market in past year, surging 66.41% as against Sensexs 16.5% rise.

The large-cap company has equity capital of Rs 285 crore. Face value per share is Rs 10.

Tata Communications and Batelco announced signing an agreement further strengthening their partnership to extend the reach of their global data centre, cloud and connectivity solutions to their customers. Batelco has chosen Tata Communications as a cloud partner to ensure high levels of flexibility and reliability for its customers through Tata Communications IZO Cloud Enablement Platform. Batelco is Bahrains leading digital communications solutions provider.

The agreement allows Tata Communications to extend its data centre footprint in locations like Bahrain, Jordon, among others enabled by Batelco. This allows Tata Communications customers to have a one stop, seamless solution for their network, cloud and colocation requirements.

Tata Communications IZO Cloud Enablement Platform empowers enterprises to connect and build their cloud, their way - be it private, public or hybrid. It is supported by Tata Communications leading global infrastructure.

Batelco Bahrain CEO Eng. Muna Al Hashemi said that the companys global expansion strategy is designed to strengthen our global portfolio of services by ensuring the provision of reliable solutions both into and from Bahrain.

On a consolidated basis, Tata Communications net loss of Rs 260.81 crore in Q4 March 2017, higher than net loss of Rs 256.95 crore in Q4 March 2016. Total income rose 7.64% to Rs 5116.48 crore in Q4 March 2017 over Q4 March 2016.

Tata Communications along with its subsidiaries is a leading global provider of communications. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and domain expertise across its global and pan-India network to deliver managed solutions to multi-national enterprises, service providers and Indian consumers.

Powered by Capital Market - Live News

Jewellery in demand
Jun 05,2017

Titan Company (up 15.08%), PC Jewellery (up 9.21%), Tara Jewels (up 5.95%), Tribhovandas Bhimji Zaveri (up 5.43%), Thangamayil Jewellery (up 4.88%) and Gitanjali Gems (up 4.77%), edged higher. Rajesh Exports was down 0.23%.

The S&P BSE Sensex was up 62.90 points, or 0.20% at 31,336.19.

The goods & services tax (GST) Council on Saturday, 3 June 2017, announced that the rate on gold and gold jewellery would be at 3%. The import duty of 10%, which will be over and above the 3%, remains unchanged. The rate of tax is lower than the lowest slab of 5% under the new GST regime to be implemented from 1 July 2017 and is closer to the current tax incidence on gold of about 2%.

A foreign broker said in a note that this comes as a big relief given gold was expected to be almost like a balancing figure in some sense as taxes on most other products had already firmed up.

Powered by Capital Market - Live News