My Application Form Status

Check the status of your application form with Angel Broking.
  • Companies
  • Everything else
Search
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

Edelweiss Financial Services allots equity shares
Nov 15,2016

Edelweiss Financial Services announced that the Share Allotment Committee has allotted 13,35,725 Equity Shares of the face value of Re. 1/- each under Edelweiss Employee Stock Option Scheme(s) of the Company.

Powered by Capital Market - Live News

Integrated Capital Services director resigns
Nov 15,2016

Integrated Capital Services announced that R L Kaura, Director Finance of the Company has resigned with effect from 14 November 2016.

Powered by Capital Market - Live News

Rupee flutters
Nov 15,2016

A broad gain of the US Dollar against a basket of currencies led to a free fall in rupee value. Rupee closed at 67.7299/7800 per dollar on Tuesday (15th November 2016), versus its previous close of 67.3799/3900 per dollar on Friday.

Powered by Capital Market - Live News

NHAI initiates DPRS for Logistic Efficiency Enhancement Programme (LEEP) under Bharatmala Pariyojna
Nov 15,2016

Under a programme entitled Logistic Efficiency Enhancement Programme (LEEP) aimed to enhance the freight transportation in India through improving cost, time, tracking and transferability of consignments through infrastructure, procedural and Information Technology (IT) interventions, Consultants are being tasked to carry out critical examination of existing logistic infrastructure and destination of freight movement in the country, and 44 freight corridors (Economic Corridors), Inter corridors and feeder routes to reduce cost and time of freight movement. These are proposed to be developed by taking an end-to-end corridor view, rather than stretch-by-stretch road construction view to ensure consistent infrastructure along the corridor, as per discussion between NHAI and Government.

As a first step towards this task, preparation of Detailed Project Reports is being undertaken by NHAI. In the first phase, DPRs of identified 15000 km is proposed to be prepared. In LOT1, NHAI has invited bids for preparation of DPRs for 15,000 km of length in the country. Bids have been invited in 45 packages of about 300 Km length each.

In order to drastically reduce the time taken for conducting surveys, it has been decided to use latest technologies such as LiDAR, Satellite mapping and Ground Penetration Radar (GPR) in preparation of DPRs. This will also help to make data collection comprehensive with accurate measure points and increase the safety for project personnel.

Powered by Capital Market - Live News

Maestros Electronics & Telecommunications Systems standalone net profit declines 38.24% in the September 2016 quarter
Nov 15,2016

Net profit of Maestros Electronics & Telecommunications Systems declined 38.24% to Rs 0.21 crore in the quarter ended September 2016 as against Rs 0.34 crore during the previous quarter ended September 2015. Sales rose 65.33% to Rs 3.29 crore in the quarter ended September 2016 as against Rs 1.99 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3.291.99 65 OPM %10.3322.11 - PBDT0.400.51 -22 PBT0.310.34 -9 NP0.210.34 -38

Powered by Capital Market - Live News

Shekhawati Poly-Yarn reports standalone net loss of Rs 7.95 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Shekhawati Poly-Yarn reported to Rs 7.95 crore in the quarter ended September 2016 as against net loss of Rs 18.22 crore during the previous quarter ended September 2015. Sales declined 48.25% to Rs 24.05 crore in the quarter ended September 2016 as against Rs 46.47 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales24.0546.47 -48 OPM %1.91-25.22 - PBDT-5.39-15.82 66 PBT-7.83-18.46 58 NP-7.95-18.22 56

Powered by Capital Market - Live News

AIA Engineering consolidated net profit rises 13.24% in the September 2016 quarter
Nov 15,2016

Net profit of AIA Engineering rose 13.24% to Rs 112.35 crore in the quarter ended September 2016 as against Rs 99.21 crore during the previous quarter ended September 2015. Sales rose 8.15% to Rs 514.78 crore in the quarter ended September 2016 as against Rs 476.00 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales514.78476.00 8 OPM %30.9730.07 - PBDT185.26161.93 14 PBT168.21145.44 16 NP112.3599.21 13

Powered by Capital Market - Live News

Adinath Bio-Labs standalone net profit declines 75.00% in the September 2016 quarter
Nov 15,2016

Net profit of Adinath Bio-Labs 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. Sales declined 27.27% to Rs 0.16 crore in the quarter ended September 2016 as against Rs 0.22 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.160.22 -27 OPM %25.0036.36 - PBDT0.040.08 -50 PBT0.010.04 -75 NP0.010.04 -75

Powered by Capital Market - Live News

Rishi Laser reports consolidated net loss of Rs 0.70 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Rishi Laser reported to Rs 0.70 crore in the quarter ended September 2016 as against net loss of Rs 3.23 crore during the previous quarter ended September 2015. Sales declined 16.32% to Rs 19.89 crore in the quarter ended September 2016 as against Rs 23.77 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales19.8923.77 -16 OPM %3.621.81 - PBDT0.25-2.00 LP PBT-0.68-3.13 78 NP-0.70-3.23 78

Powered by Capital Market - Live News

Chpl Industries reports standalone net loss of Rs 0.05 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Chpl Industries reported to Rs 0.05 crore in the quarter ended September 2016 as against net loss of Rs 0.03 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.

Powered by Capital Market - Live News

Radaan Mediaworks (I) standalone net profit declines 39.29% in the September 2016 quarter
Nov 15,2016

Net profit of Radaan Mediaworks (I) declined 39.29% to Rs 0.17 crore in the quarter ended September 2016 as against Rs 0.28 crore during the previous quarter ended September 2015. Sales declined 6.70% to Rs 7.66 crore in the quarter ended September 2016 as against Rs 8.21 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales7.668.21 -7 OPM %7.709.14 - PBDT0.300.44 -32 PBT0.170.28 -39 NP0.170.28 -39

Powered by Capital Market - Live News

Covidh Technologies standalone net profit declines 77.78% in the September 2016 quarter
Nov 15,2016

Net profit of Covidh Technologies declined 77.78% to Rs 0.02 crore in the quarter ended September 2016 as against Rs 0.09 crore during the previous quarter ended September 2015. Sales declined 11.90% to Rs 5.48 crore in the quarter ended September 2016 as against Rs 6.22 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales5.486.22 -12 OPM %3.103.54 - PBDT0.110.22 -50 PBT0.030.13 -77 NP0.020.09 -78

Powered by Capital Market - Live News

Svaraj Trading & Agencies standalone net profit declines 43.48% in the September 2016 quarter
Nov 15,2016

Net profit of Svaraj Trading & Agencies declined 43.48% to Rs 0.13 crore in the quarter ended September 2016 as against Rs 0.23 crore during the previous quarter ended September 2015. Sales declined 91.13% to Rs 0.25 crore in the quarter ended September 2016 as against Rs 2.82 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.252.82 -91 OPM %52.0012.06 - PBDT0.190.34 -44 PBT0.190.34 -44 NP0.130.23 -43

Powered by Capital Market - Live News

Genus Paper & Boards standalone net profit declines 15.87% in the September 2016 quarter
Nov 15,2016

Net profit of Genus Paper & Boards declined 15.87% to Rs 1.59 crore in the quarter ended September 2016 as against Rs 1.89 crore during the previous quarter ended September 2015. Sales rose 9.63% to Rs 84.38 crore in the quarter ended September 2016 as against Rs 76.97 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales84.3876.97 10 OPM %5.668.95 - PBDT4.216.04 -30 PBT1.073.03 -65 NP1.591.89 -16

Powered by Capital Market - Live News

Encore Software reports standalone net loss of Rs 0.68 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Encore Software reported to Rs 0.68 crore in the quarter ended September 2016 as against net loss of Rs 0.68 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.

Powered by Capital Market - Live News