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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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Sun & Shine Worldwide reports standalone net loss of Rs 0.01 crore in the September 2016 quarter
Nov 15,2016

Net loss of Sun & Shine Worldwide 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. There were no Sales reported in the quarter ended September 2016 and during the previous quarter ended September 2015.

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Goenka Business & Finance standalone net profit declines 75.00% in the September 2016 quarter
Nov 15,2016

Net profit of Goenka Business & Finance declined 75.00% to Rs 0.06 crore in the quarter ended September 2016 as against Rs 0.24 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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Gopal Iron & Steels Co.(Gujarat) reports standalone net loss of Rs 0.08 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Gopal Iron & Steels Co.(Gujarat) reported to Rs 0.08 crore in the quarter ended September 2016 as against net loss of Rs 1.21 crore during the previous quarter ended September 2015. Sales declined 12.10% to Rs 1.09 crore in the quarter ended September 2016 as against Rs 1.24 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.091.24 -12 OPM %24.77-0.81 - PBDT0.28-0.96 LP PBT-0.08-1.32 94 NP-0.08-1.21 93

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Mahadushi International Trade reports standalone net profit of Rs 0.01 crore in the September 2016 quarter
Nov 15,2016

Net profit of Mahadushi International Trade 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 20.51% to Rs 0.47 crore in the quarter ended September 2016 as against Rs 0.39 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.470.39 21 OPM %2.135.13 - PBDT0.010.02 -50 PBT0.010.01 0 NP0.010 0

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Surya Chakra Power Corporation standalone net profit declines 94.15% in the September 2016 quarter
Nov 15,2016

Net profit of Surya Chakra Power Corporation declined 94.15% to Rs 0.81 crore in the quarter ended September 2016 as against Rs 13.85 crore during the previous quarter ended September 2015. Sales declined 9.88% to Rs 25.53 crore in the quarter ended September 2016 as against Rs 28.33 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales25.5328.33 -10 OPM %3.066.53 - PBDT1.351.13 19 PBT0.810.25 224 NP0.8113.85 -94

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Ganga Papers India standalone net profit rises 4.35% in the September 2016 quarter
Nov 15,2016

Net profit of Ganga Papers India rose 4.35% to Rs 0.24 crore in the quarter ended September 2016 as against Rs 0.23 crore during the previous quarter ended September 2015. Sales rose 13.58% to Rs 19.82 crore in the quarter ended September 2016 as against Rs 17.45 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales19.8217.45 14 OPM %3.884.30 - PBDT0.410.40 3 PBT0.240.23 4 NP0.240.23 4

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Ambica Agarbathies Aroma & Industries standalone net profit rises 8.33% in the September 2016 quarter
Nov 15,2016

Net profit of Ambica Agarbathies Aroma & Industries rose 8.33% to Rs 0.13 crore in the quarter ended September 2016 as against Rs 0.12 crore during the previous quarter ended September 2015. Sales declined 1.34% to Rs 26.57 crore in the quarter ended September 2016 as against Rs 26.93 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales26.5726.93 -1 OPM %9.1812.55 - PBDT0.671.13 -41 PBT0.130.12 8 NP0.130.12 8

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Esaar (India) reports standalone net loss of Rs 0.44 crore in the September 2016 quarter
Nov 15,2016

Net loss of Esaar (India) reported to Rs 0.44 crore in the quarter ended September 2016 as against net profit of Rs 0.06 crore during the previous quarter ended September 2015. Sales rose 143.92% to Rs 3.61 crore in the quarter ended September 2016 as against Rs 1.48 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3.611.48 144 OPM %-10.2514.86 - PBDT-0.440.06 PL PBT-0.440.06 PL NP-0.440.06 PL

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Transglobe Foods reports standalone nil net profit/loss in the September 2016 quarter
Nov 15,2016

Transglobe Foods reported no net profit/loss in the quarter ended September 2016 as against net profit of Rs 0.07 crore during the previous quarter ended September 2015. Sales declined 90.38% to Rs 0.05 crore in the quarter ended September 2016 as against Rs 0.52 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.050.52 -90 OPM %013.46 - PBDT00.07 -100 PBT00.07 -100 NP00.07 -100

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Hexaware Technologies named among Top 15 Sourcing Services Provider
Nov 15,2016

Hexaware Technologies announced that it has been named a Top 15 Sourcing Standout by Information Services Group (ISG), a leading technology insights, market intelligence and advisory services company.

Hexaware was among the leading providers in the Breakthrough 15 category for the Americas region based on annual contract value won over the last 12 months, according to the 3Q 2016 Global ISG index.

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Addi Industries standalone net profit rises 450.00% in the September 2016 quarter
Nov 15,2016

Net profit of Addi Industries rose 450.00% to Rs 0.11 crore in the quarter ended September 2016 as against Rs 0.02 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 0.17 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales00.17 -100 OPM %0-105.88 - PBDT0.230.17 35 PBT0.140.05 180 NP0.110.02 450

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Addi Industries consolidated net profit rises 160.00% in the September 2016 quarter
Nov 15,2016

Net profit of Addi Industries rose 160.00% to Rs 0.13 crore in the quarter ended September 2016 as against Rs 0.05 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 0.17 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales00.17 -100 OPM %0-105.88 - PBDT0.250.20 25 PBT0.160.08 100 NP0.130.05 160

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Ambuja Cements declines after huge bulk deal
Nov 15,2016

Meanwhile, the S&P BSE Sensex was down 382.71 points or 1.43% at 26,436.11

Bulk deal boosted volume on the scrip. On BSE, so far 4.48 crore shares were traded in the counter as against average daily volume of 2.01 lakh shares in the past two weeks. The stock hit a high of Rs 241.25 and a low of Rs 210.25 so far during the day. The stock had hit a 52-week high of Rs 282 on 31 August 2016. The stock had hit a 52-week low of Rs 185 on 29 February 2016.

The large-cap company has an equity capital of Rs 397.13 crore. Face value per share is Rs 2.

Ambuja Cements consolidated net profit rose 40.39% to Rs 216.11 crore on 113.81% growth in total income to Rs 4678.45 crore in Q3 September 2016 over Q3 September 2015.

Ambuja Cements is engaged in manufacturing and marketing cement and clinker for both domestic and exports. The company sells cement under the Ambuja Cement brand.

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Huge Import of RBD Palmolein says The Solvent Extractors Association of India
Nov 15,2016

Import of vegetable oils during Oil Year 2015-16 (November 2015 to October 2016) i.e. edible oil and non-edible oil reported at 147.4 lakh tons (14.74 MnT) compared to 146.1 lakh tons (14.61 MnT) for the same period of last year practically remained stagnant from the previous year, thanks to reduction in oil stock by 435,000 tons during the year.

Import of Vegetable Oils during October 2016 is reported very low at 1,173,254 tons compared to 1,670,891 tons for October 2015 and 13.99 lakh tons in September 2016 reducing overall incremental growth of 5% upto September 2016 to just 1% for the whole year 2015-16.

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Tata Steel slumps after reverse turnaround in Q2
Nov 15,2016

The result was announced after market hours on Friday, 11 November 2016. The stock markets were closed on Monday, 14 November 2016, for a public holiday.

Meanwhile, the S&P BSE Sensex was down 358.72 points or 1.34% at 26,460.10

On BSE, so far 6.66 lakh shares were traded in the counter as against average daily volume of 8.96 lakh shares in the past two weeks. The stock hit a high of Rs 417 and a low of Rs 394.15 so far during the day. The stock had hit a 52-week high of Rs 440.90 on 11 November 2016. The stock had hit a 52-week low of Rs 211.30 on 12 February 2016.

The large-cap company has equity capital of Rs 971.22 crore. Face value per share is Rs 10.

Tata Steels total income declined 22.5% to Rs 26602.03 crore in Q2 September 2016 over Q2 September 2015. Other income dropped 97.09% to Rs 231.08 crore in Q2 September 2016 over Q2 September 2015.

Tata Steels consolidated earnings before interest, taxation, depreciation and amortization (EBITDA) fell 8.5% to Rs 2992 crore in Q2 September 2016 over Q2 September 2015. The drop in margins was due to lower realisations in India and ramp-up costs of Kalinganagar. EBITDA rose 66% in Q2 September 2016 over Q2 September 2015 largely due to significant improvement in the operating performance at Tata Steel Europe.

In its outlook for Indian operations, Tata Steel said that a seasonal uptick in demand is expected to be backed by positive variables like 7th Pay Commission disbursements, good monsoons and penetration of organised financing in Tier 2/3 cities. The increase in tariff barriers globally on Chinese steel has opened exports opportunity for Indian steel players which will help the domestic demand supply balance . The recently announced demonetisation is expected to cause short term disruptions. For European operations, Tata Steel said that the European Union economy is expected to grow gradually though UKs growth has been revised downwards following the Brexit referendum result. European steel mills are expected to continue to be under pressure from imports. The weaker pound is expected to improve UKs short-term competitive position, however it will add cost pressure due to higher cost of raw materials purchased in US dollars. For South East Asian operations, Tata Steel said that steel demand in Thailand is expected to maintain its growth rate on the back of expanding government expenditure and progress on infrastructure investment plans. Demand in Singapore is expected to be subdued on continued slower construction sector growth and low downstream spreads. Increasing trade barriers on Chinese steel in countries like Malaysia, Vietnam provides export opportunities.

T V Narendran, Managing Director of Tata Steel India and South East Asia, said that the markets were challenging as strong monsoons affected steel demand across the country while the increase in domestic capacity added to the competitive pressure.

Tata Steel is Europes second largest steel producer, with steelmaking in the UK and Netherlands, and manufacturing plants across Europe. The combined Tata Steel group is one of the worlds largest steel producers.

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