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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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HeidelbergCement India standalone net profit rises 667.44% in the September 2016 quarter
Nov 16,2016

Net profit of HeidelbergCement India rose 667.44% to Rs 16.50 crore in the quarter ended September 2016 as against Rs 2.15 crore during the previous quarter ended September 2015. Sales declined 3.08% to Rs 384.22 crore in the quarter ended September 2016 as against Rs 396.44 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales384.22396.44 -3 OPM %18.8812.71 - PBDT49.9926.33 90 PBT25.043.45 626 NP16.502.15 667

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Board of Devhari Exports (India) approves change in directorate
Nov 16,2016

The Board of Devhari Exports (India) accepted the resignation of Zarna Prahladbhai Solanki from the post of Director of the Company and appointed Pooja Khatuwala as Director of the Company.

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Training.com - an NIIT initiative set to redefine Digital Marketing in India
Nov 16,2016

NIITs multi-modal learning platform, Training.com, unveiled a range of cutting edge career programs in Digital Marketing to create a trained manpower pool for the fast evolving digital marketing space in India. Through this initiative, Training.com aims to train 10000+ professionals in the next three years to help them transform into digital marketers of the future.

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Board of PC Jeweller to consider Q2 results
Nov 16,2016

PC Jeweller announced that a meeting of the Board of Directors of the Company will be held on 23 November 2016, inter-alia to consider and approve the un-audited standalone financial results of the Company for the quarter ended 30 September 2016 (Q2).

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Symphony launches MobiCool range of air coolers
Nov 16,2016

Symphony announced the launch of MobiCool range of air coolers to tap huge potential in the commercial and industrial space including cooling requirement of large open spaces, halls etc. Company eyes to tap huge potential for MobiCool range which is currently catered by unorganised players. Company is also considering exporting these coolers globally.

MobiCool is an ideal cooling appliance for outdoors and most suitable for large open areas including party plots, wedding halls, restaurants, religious spaces. It also has huge potential in the commercial and industrial spaces such as factories, workshops, warehouses, school andcolleges, bus stations, railway stations and similar large floor space places. Easy to operate and maintain, MobiCool has remote control, robust weather resistant body, strong wheels for easy portability and also runs on inverter.

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Concor falls after poor Q2 financials
Nov 16,2016

The result was announced after market hours yesterday, 15 November 2016.

Meanwhile, the S&P BSE Sensex was up 237.88 points or 0.9% at 26,542.51

On BSE, so far 88,000 shares were traded in the counter as against average daily volume of 14,747 shares in the past one quarter. The stock hit a high of Rs 1,300 and a low of Rs 1,268 so far during the day. The stock had hit a 52-week high of Rs 1,544 on 3 August 2016. The stock had hit a 52-week low of Rs 1,050.85 on 12 February 2016. The stock had outperformed the market over the past 30 days till 15 November 2016, falling 1.41% compared with 4.45% fall in the Sensex. The scrip had, however, underperformed the market in past one quarter, declining 7.46% as against Sensexs 6.07% decline.

The large-cap company has equity capital of Rs 194.97 crore. Face value per share is Rs 10.

Container Corporation of India (Concor) provides logistics solutions. It has the largest network of inland container depots (ICDs)/container freight stations in India. In addition to providing inland transport by rail for containers, it has also expanded to cover management of ports, air cargo complexes and establishing cold-chain. The Government of India (GoI) holds 56.79% stake in Concor (as per the shareholding pattern as on 30 September 2016).

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Auto stocks in top gear after cut in fuel prices by PSU OMCs
Nov 16,2016

The announcement of fortnightly fuel price revision by PSU OMCs was made after market hours yesterday, 15 November 2016.

Meanwhile, the BSE Sensex was up 214.26 points, or 0.81%, to 26,518.89.

Mahindra & Mahindra (M&M) (up 2.17%), Maruti Suzuki India (up 2.65%), Eicher Motors (up 4.76%), Bajaj Auto (up 1.33%), Hero MotoCorp (up 2.84%), Tata Motors (up 1.87%) and TVS Motor Company (up 2.7%) gained. Ashok Leyland declined 0.3%. Indian vehicle purchaser is fuel price sensitive thus fall in fuel prices augurs well for the auto sector.

PSU OMCs announced reduction in selling price of petrol by Rs 1.46 per litre (excluding state levies) and reduction in selling price of diesel by Rs 1.53 per litre (excluding state levies) with effect from 16 November 2016. The current level of international product prices of petrol and diesel and rupee-dollar exchange rate warrant decrease in selling price of petrol and diesel, the impact of which is being passed on to the consumers with this price revision, Indian Oil Corporation said.

The BSE Auto index underperformed the market over the past one month till 15 November 2016, dropping 13.45% compared with the Sensexs 4.95% fall. The index also underperformed the market in past one quarter, declining 8.8% as against the Sensexs 6.56% decline.

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Tata Teleservices (Maharashtra) gets revision in credit ratings
Nov 16,2016

Tata Teleservices (Maharashtra) has received revision in credit ratings on bank facilities of the Company from ICRA -

Term loans (Rs 359 crore) - ICRA A- (Revised from ICRA A); Negative Outlook reaffirmed

Fund based / non fund based limits (Rs 465 crore) - ICRA A- (Revised from ICRA A); Negative Outlook reaffirmed

Unallocated (Rs 188 crore) - ICRA A- (Revised from ICRA A); Negative Outlook reaffirmed.

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Atul Auto fixes record date for interim dividend
Nov 16,2016

Atul Auto announced that the record date for the purpose of payment of Interim Dividend for FY 2016-17 is fixed as 24 November 2016.

This dividend will be paid to the shareholders holding shares as on above record date on or before 11 December 2016.

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Board of Suven Life Sciences to consider Q2 & HY results
Nov 16,2016

Suven Life Sciences announced that a meeting of Board of Directors of the Company will be held on 24 November 2016, to consider among other things, the Un-audited Financial Results for the second quarter and half year ended 30 September 2016.

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Wipro gains after partnering with ASG Tech to offer EDI solution
Nov 16,2016

The announcement was made after market hours yesterday, 15 November 2016.

Meanwhile, the BSE Sensex was up 240.14 points, or 0.91%, to 26,544.77.

On BSE, so far 30,393 shares were traded in the counter, compared with average daily volume of 2.15 lakh shares in the past one quarter. The stock hit a high of Rs 454 and a low of Rs 447 so far during the day. The stock hit a 52-week high of Rs 606.75 on 20 April 2016. The stock hit a 52-week low of Rs 410 on 9 November 2016. The stock underperformed the market over the past one month till 15 November 2016, dropping 5.57% compared with the Sensexs 4.95% fall. The scrip also underperformed the market in past one quarter, declining 17.6% as against the Sensexs 6.56% decline.

The large-cap company has equity capital of Rs 486.16 crore. Face value per share is Rs 2.

Wipro and ASG Technologies, a global provider of information access, management and control solutions, announced an expanded partnership that integrates the offerings of Wipros Data Management Centre of Excellence (CoE) with ASGs Enterprise Data Intelligence solution to improve compliance for the global financial services companies.

Wipro signed a global value added reseller agreement with ASG. With this agreement, Wipro will have a non-exclusive license to sell the ASG Enterprise Data Intelligence solution worldwide to its customers.

Wipros consolidated net profit rose 0.9% to Rs 2070.40 crore on 1.45% rise in net sales to Rs 13896.80 crore in Q2 September 2016 over Q1 June 2016.

Wipro is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better.

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Bharti Infratel drops after bulk deal
Nov 16,2016

Meanwhile, the S&P BSE Sensex was up 186.12 points or 0.71% at 26,490.08

Bulk deal boosted volume on the Bharti Infratel scrip. On BSE, so far 10.92 lakh shares were traded in the counter as against average daily volume of 1.88 lakh shares in the past one quarter. The stock hit a high of Rs 365.95 and a low of Rs 355.70 so far during the day. The stock had hit a 52-week high of Rs 436.40 on 30 December 2015. The stock had hit a 52-week low of Rs 302.10 on 24 June 2016. The stock had outperformed the market over the past 30 days till 15 November 2016, rising 1.63% compared with 4.45% fall in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 4.48% as against Sensexs 6.07% decline.

The large-cap firm has equity capital of Rs 1896.67 crore. Face value per share is Rs 10.

Bharti Infratels consolidated net profit rose 30.8% to Rs 773.80 crore on 8.31% growth in total income to Rs 1801.60 crore in Q2 September 2016 over Q2 September 2015.

Bharti Infratel is a provider of telecom tower and related infrastructure.

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Shivkrupa Machineries & Engineering Services reports standalone net profit of Rs 0.11 crore in the September 2016 quarter
Nov 16,2016

Net profit of Shivkrupa Machineries & Engineering Services reported to Rs 0.11 crore in the quarter ended September 2016 as against net loss of Rs 0.23 crore during the previous quarter ended September 2015. Sales remain constant at Rs 0.12 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.120.12 0 OPM %125.00-233.33 - PBDT0.11-0.23 LP PBT0.11-0.23 LP NP0.11-0.23 LP

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Oriental Trimex standalone net profit declines 96.22% in the September 2016 quarter
Nov 16,2016

Net profit of Oriental Trimex declined 96.22% to Rs 0.28 crore in the quarter ended September 2016 as against Rs 7.40 crore during the previous quarter ended September 2015. Sales declined 13.56% to Rs 9.31 crore in the quarter ended September 2016 as against Rs 10.77 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales9.3110.77 -14 OPM %8.49-5.57 - PBDT0.760.14 443 PBT0.36-0.26 LP NP0.287.40 -96

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Genus Prime Infra reports standalone net loss of Rs 0.06 crore in the September 2016 quarter
Nov 16,2016

Net Loss of Genus Prime Infra reported to Rs 0.06 crore in the quarter ended September 2016 as against net loss of Rs 0.07 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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