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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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Board of Captain Polyplast declares interim dividend
Nov 16,2016

Captain Polyplast announced that the announcement of interim dividend should be read as follows:

- The Board has declared Interim Dividend @2% per share (i.e. 20 Paise per share) for the financial year 2016-17.

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Hind Rectifiers gets credit ratings assigned
Nov 16,2016

Hind Rectifiers announced that ICRA has assigned a long term rating of BB+ and a short term rating of A4+. The Long term rating has a Stable outlook.

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Order win pushes ABB India counter higher
Nov 16,2016

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

Meanwhile, the S&P BSE Sensex was up 91.22 points or 0.35% at 26,400.69.

On BSE, so far 1,141 shares were traded in the counter as against average daily volume of 5,608 shares in the past one quarter. The stock hit a high of Rs 1,093 and a low of Rs 1,077 so far during the day. The stock had hit a 52-week high of Rs 1,432.70 on 11 April 2016. The stock had hit a 52-week low of Rs 950 on 9 November 2016. The stock underperformed the market over the past one month till 15 November 2016, dropping 7.14% compared with the Sensexs 4.95% fall. The scrip also underperformed the market in past one quarter, declining 10.08% as against the Sensexs 6.56% decline.

The large-cap company has an equity capital of Rs 42.38 crore. Face value per share is Rs 2.

ABB India said that it won an order from Alstom to supply 1,600 traction transformers for 800 new electric freight locomotives in India. The transformers will be manufactured locally in ABBs Vadodara facility in Gujarat, supporting the governments Make in India initiative to encourage manufacturing in the country. ABB will supply 25 kilovolt (kV)/50 hertz (Hz) underframe traction transformers for the 800 locomotives (2 units per locomotive). The compact transformers are designed for the most demanding conditions, including extreme temperatures and voltage fluctuations. They will support heavy freight loads over long distance haulage under rigorous conditions, including steep inclines.

ABB Indias net profit rose 38% to Rs 81.06 crore on 4.4% rise in net sales to Rs 2024.80 crore in Q3 September 2016 over Q3 September 2015.

ABB is a leading global technology company in power and automation that enables utility, industry, and transport & infrastructure customers to improve their performance while lowering environmental impact.

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Kratos Energy & Infrastructure appoints CFO
Nov 16,2016

Kratos Energy & Infrastructure announced that the Board of Directors of the Company at its meeting held on 14 November 2016, has appointed Mr. Murlidharan P. P. as Chief Financial Offer of the Company with immediate effect.

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JM Financial acquires stake in India Home Loan
Nov 16,2016

JM Financial announced that JM Financial Products, a subsidiary of the Company has on 15 November 2016 acquired 19,93,380 equity shares of India Home Loan (IHL) representing 17.53% of the total paid up equity share capital of IHL through secondary purchase route.

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Capri Global Capital fixes record date for sub-division of shares
Nov 16,2016

Capri Global Capital has fixed 24 November 2016 as the Record Date for the purpose of Sub-Division of Rs. 10/- per share of the Company into two shares of Rs. 2/- each.

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Vardhman Textiles advances after stellar Q2 result
Nov 16,2016

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

Meanwhile, the BSE Sensex was up 148.04 points, or 0.56%, to 27,452.67

On BSE, so far 500 shares were traded in the counter, compared with average daily volume of 17,318 shares in the past one quarter. The stock hit a high of Rs 1,086.60 and a low of Rs 1,065 so far during the day. The stock hit a record high of Rs 1,159.75 on 28 October 2016. The stock hit a 52-week low of Rs 651.50 on 20 January 2016.

The mid-cap company has equity capital of Rs 63.65 crore. Face value per share is Rs 10.

Vardhman Group is a leading textile conglomerate in India. The group business portfolio includes yarn, greige and processed fabric, sewing thread, acrylic fibre and alloy steel.

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IL&FS Investment Managers reports consolidated net loss of Rs 2.72 crore in the September 2016 quarter
Nov 16,2016

Net loss of IL&FS Investment Managers reported to Rs 2.72 crore in the quarter ended September 2016 as against net profit of Rs 18.09 crore during the previous quarter ended September 2015. Sales declined 50.44% to Rs 24.43 crore in the quarter ended September 2016 as against Rs 49.29 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales24.4349.29 -50 OPM %8.8452.06 - PBDT5.2927.73 -81 PBT0.8922.63 -96 NP-2.7218.09 PL

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Nishtha Finance & Investment (India) standalone net profit declines 50.00% in the September 2016 quarter
Nov 16,2016

Net profit of Nishtha Finance & Investment (India) declined 50.00% to Rs 0.04 crore in the quarter ended September 2016 as against Rs 0.08 crore during the previous quarter ended September 2015. Sales rose 483.33% to Rs 0.35 crore in the quarter ended September 2016 as against Rs 0.06 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.350.06 483 OPM %11.43133.33 - PBDT0.040.08 -50 PBT0.040.08 -50 NP0.040.08 -50

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Shubhra Leasing Finance & Investment Company reports standalone net loss of Rs 0.01 crore in the September 2016 quarter
Nov 16,2016

Net loss of Shubhra Leasing Finance & Investment Company reported to Rs 0.01 crore in the quarter ended September 2016. There were no net profit/loss reported during the previous quarter ended September 2015. Sales rose 1810.00% to Rs 1.91 crore in the quarter ended September 2016 as against Rs 0.10 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.910.10 1810 OPM %-0.520 - PBDT-0.010 0 PBT-0.010 0 NP-0.010 0

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Vaswani Industries standalone net profit declines 35.48% in the September 2016 quarter
Nov 16,2016

Net profit of Vaswani Industries declined 35.48% to Rs 0.20 crore in the quarter ended September 2016 as against Rs 0.31 crore during the previous quarter ended September 2015. Sales rose 8.31% to Rs 57.24 crore in the quarter ended September 2016 as against Rs 52.85 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales57.2452.85 8 OPM %6.367.85 - PBDT1.542.07 -26 PBT0.160.47 -66 NP0.200.31 -35

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Infronics Systems reports standalone net profit of Rs 0.20 crore in the September 2016 quarter
Nov 16,2016

Net profit of Infronics Systems reported to Rs 0.20 crore in the quarter ended September 2016 as against net loss of Rs 0.36 crore during the previous quarter ended September 2015. Sales declined 47.89% to Rs 0.37 crore in the quarter ended September 2016 as against Rs 0.71 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.370.71 -48 OPM %56.7630.99 - PBDT0.02-0.16 LP PBT-0.04-0.45 91 NP0.20-0.36 LP

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VMS Industries standalone net profit rises 219.05% in the September 2016 quarter
Nov 16,2016

Net profit of VMS Industries rose 219.05% to Rs 0.67 crore in the quarter ended September 2016 as against Rs 0.21 crore during the previous quarter ended September 2015. Sales rose 31.41% to Rs 43.84 crore in the quarter ended September 2016 as against Rs 33.36 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales43.8433.36 31 OPM %3.792.07 - PBDT1.110.48 131 PBT1.020.30 240 NP0.670.21 219

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Syncom Healthcare reports standalone net loss of Rs 55.10 crore in the September 2016 quarter
Nov 16,2016

Net Loss of Syncom Healthcare reported to Rs 55.10 crore in the quarter ended September 2016 as against net loss of Rs 3.04 crore during the previous quarter ended September 2015. Sales rose 4.43% to Rs 15.78 crore in the quarter ended September 2016 as against Rs 15.11 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales15.7815.11 4 OPM %-6.65-12.05 - PBDT-0.62-2.08 70 PBT-1.67-3.04 45 NP-55.10-3.04 -1713

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Infinite Computer Solutions India standalone net profit rises 8.76% in the September 2016 quarter
Nov 16,2016

Net profit of Infinite Computer Solutions India rose 8.76% to Rs 22.47 crore in the quarter ended September 2016 as against Rs 20.66 crore during the previous quarter ended September 2015. Sales declined 14.21% to Rs 90.41 crore in the quarter ended September 2016 as against Rs 105.39 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales90.41105.39 -14 OPM %35.0823.92 - PBDT33.4129.88 12 PBT29.8325.89 15 NP22.4720.66 9

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