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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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Caprihans India standalone net profit declines 86.40% in the June 2017 quarter
Aug 04,2017

Net profit of Caprihans India declined 86.40% to Rs 0.54 crore in the quarter ended June 2017 as against Rs 3.97 crore during the previous quarter ended June 2016. Sales rose 11.14% to Rs 61.68 crore in the quarter ended June 2017 as against Rs 55.50 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales61.6855.50 11 OPM %1.027.28 - PBDT1.294.77 -73 PBT0.593.97 -85 NP0.543.97 -86

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Padmanabh Industries intimates of change in website
Aug 04,2017

Padmanabh Industries announced that its website has changed from www.nilchemind.com to www.padmanabhindustries.com.

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R Systems International consolidated net profit declines 72.08% in the June 2017 quarter
Aug 04,2017

Net profit of R Systems International declined 72.08% to Rs 4.66 crore in the quarter ended June 2017 as against Rs 16.69 crore during the previous quarter ended June 2016. Sales declined 0.62% to Rs 147.92 crore in the quarter ended June 2017 as against Rs 148.85 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales147.92148.85 -1 OPM %3.8915.45 - PBDT8.8024.90 -65 PBT5.7722.10 -74 NP4.6616.69 -72

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Linaks Microelectronics reports standalone net loss of Rs 0.04 crore in the June 2017 quarter
Aug 04,2017

Net Loss of Linaks Microelectronics reported to Rs 0.04 crore in the quarter ended June 2017 as against net loss of Rs 0.17 crore during the previous quarter ended June 2016. Sales rose 1000.00% to Rs 0.33 crore in the quarter ended June 2017 as against Rs 0.03 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales0.330.03 1000 OPM %-3.03-466.67 - PBDT0-0.12 100 PBT-0.04-0.17 76 NP-0.04-0.17 76

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R Systems International standalone net profit declines 66.74% in the June 2017 quarter
Aug 04,2017

Net profit of R Systems International declined 66.74% to Rs 2.89 crore in the quarter ended June 2017 as against Rs 8.69 crore during the previous quarter ended June 2016. Sales rose 1.06% to Rs 65.70 crore in the quarter ended June 2017 as against Rs 65.01 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales65.7065.01 1 OPM %5.5619.70 - PBDT6.4815.03 -57 PBT4.6413.38 -65 NP2.898.69 -67

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Deep Industries fixes record date for dividend for FY 2016-17
Aug 04,2017

Deep Industries has fixed 25 August 2017 as record date for dividend for FY 2016-17.

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S P Capital Financing consolidated net profit declines 16.67% in the June 2017 quarter
Aug 04,2017

Net profit of S P Capital Financing declined 16.67% to Rs 0.05 crore in the quarter ended June 2017 as against Rs 0.06 crore during the previous quarter ended June 2016. Sales rose 3.39% to Rs 0.61 crore in the quarter ended June 2017 as against Rs 0.59 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales0.610.59 3 OPM %9.8420.34 - PBDT0.070.13 -46 PBT0.070.09 -22 NP0.050.06 -17

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Indo Thai Securities consolidated net profit rises 5900.00% in the June 2017 quarter
Aug 04,2017

Net profit of Indo Thai Securities rose 5900.00% to Rs 0.60 crore in the quarter ended June 2017 as against Rs 0.01 crore during the previous quarter ended June 2016. Sales rose 119.86% to Rs 12.84 crore in the quarter ended June 2017 as against Rs 5.84 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales12.845.84 120 OPM %5.923.77 - PBDT1.060.45 136 PBT0.910.25 264 NP0.600.01 5900

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CEAT consolidated net profit declines 98.66% in the June 2017 quarter
Aug 04,2017

Net profit of CEAT declined 98.66% to Rs 1.38 crore in the quarter ended June 2017 as against Rs 103.26 crore during the previous quarter ended June 2016. Sales declined 0.71% to Rs 1459.73 crore in the quarter ended June 2017 as against Rs 1470.24 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales1459.731470.24 -1 OPM %3.7412.61 - PBDT46.07176.01 -74 PBT6.48145.79 -96 NP1.38103.26 -99

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Enkei Wheels India standalone net profit declines 37.33% in the June 2017 quarter
Aug 04,2017

Net profit of Enkei Wheels India declined 37.33% to Rs 2.35 crore in the quarter ended June 2017 as against Rs 3.75 crore during the previous quarter ended June 2016. Sales rose 13.26% to Rs 110.90 crore in the quarter ended June 2017 as against Rs 97.92 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales110.9097.92 13 OPM %10.026.06 - PBDT9.844.55 116 PBT4.96-0.90 LP NP2.353.75 -37

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Lesha Industries fixes record date for scheme of arrangement
Aug 04,2017

Lesha Industries has fixed 18 August 2017 as record date for allotment of shares of Ashnisha Industries (Resulting Company) and reduction of shares of Lesha Industries (Demerged Company) pursuant to Scheme of Arrangement in the nature of Demerger of Trading and Investment Business of Lesha Industries into Ashnisha Alloys.

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IndusInd Bank inaugurates first branch in Fardikot
Aug 04,2017

IndusInd Bank has inaugurated its first branch in Fardikot. The new branch is located at Ground floor, MC No. B-X-6, Balbir Avenue, Valmiki Chowk Circular Road, Faridkot, Punjab. With the inauguration of this branch, the bank now has 101 branches in the state of Punjab.

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FPIs continue buying
Aug 04,2017

Foreign portfolio investors (FPIs) bought stocks worth a net Rs 52.80 crore from the secondary equity markets yesterday, 3 August 2017, compared with net inflow of Rs 554.73 crore on 2 August 2017. On that day, the Sensex shed 238.86 points or 0.74% to settle at 32,237.88, its lowest closing level since 25 July 2017.

The net inflow of Rs 52.80 crore on 3 August 2017 was a result of gross purchases of Rs 5562.17 crore and gross sales of Rs 5509.37 crore.

There was a net inflow of Rs 2.71 crore into the category primary market & others on 3 August 2017, which was a result of gross purchases of Rs 3.02 crore and gross sales of Rs 0.31 crore.

FPIs have sold stocks worth a net Rs 1484.79 crore into the secondary equity markets in August 2017 (till 3 August 2017). They have bought stocks worth a net Rs 4199.62 crore from the secondary equity markets in July 2017.

FPIs have purchased shares worth a net Rs 41258.82 crore from the secondary equity markets in calendar year 2017 so far (till 3 August 2017). They had purchased shares worth a net Rs 12094.42 crore from the secondary equity markets in calendar year 2016.

FPIs have sold stocks worth a net Rs 29.45 crore into the category primary market & others in August 2017 (till 3 August 2017). They have bought stocks worth a net Rs 972.54 crore from the category primary market & others in July 2017.

FPIs have purchased shares worth a net Rs 15741.95 crore from the category primary markets & others in calendar year 2017 so far (till 2 August 2017). The net inflow from FPIs into the category primary markets & others had totaled Rs 8471.76 crore in calendar year 2016.

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Aanchal Ispat to conduct board meeting
Aug 04,2017

Aanchal Ispat will hold a meeting of the Board of Directors of the Company on 14 August 2017.

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Board of Majesco recommends special dividend
Aug 04,2017

Majesco announced that the Board of Directors of the Company at its meeting held on 3 August 2017, inter alia, have recommended the special dividend of Rs 1 per equity Share (i.e. 20%) , subject to the approval of the shareholders.

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