My Application Form Status

Check the status of your application form with Angel Broking.
Arq - The Hyper Intelligent Investment Engine By Angel Broking
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

Cabinet approves MoU between India and BRICs countries to set up BRICS Agriculture Research Platform
Aug 03,2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex-post facto approval for a Memorandum of Understanding (MoU) signed among India and various BRICs countries for establishment of the BRICS Agriculture Research Platform (BRICS-ARP).

Background:

During the 7th BRICS Summit held on 9thJuly 2015 at Ufa in Russia, Prime Minister Shri Modi proposed to establish BRICS Agriculture Research Centre which will be a gift to the entire world. The Centre will promote sustainable agricultural development and poverty alleviation through strategic cooperation in agriculture to provide food security in the BRICS member countries.

In order to further intensify cooperation among BRICS countries in agricultural research policy, science and technology, innovation and capacity building, including technologies for smalln++holder farming in the BRICS countries, an MoU on establishment of the Agricultural Research Platform was signed by the foreign Ministers of BRICS countries in the 8th BRICS Summit held on 16th October, 2016 at Goa.

BRICS-ARP will be the natural global platform for science-led agriculture-based sustainable development for addressing the issues of world hunger, under-nutrition, poverty and inequality, particularly between farmers and non-farmers income, and enhancing agricultural trade, bio-security and climate resilient agriculture.

Powered by Capital Market - Live News

ENIL drops after weak Q1 result
Aug 03,2017

The result was announced after market hours yesterday, 2 August 2017.

Meanwhile, the S&P BSE Sensex was down 157.94 points, or 0.49%, to 32,318.80. The S&P BSE Mid-Cap index was up 2 points, or 0.01%, to 15,413.96.

On BSE, so far 1,518 shares were traded in the counter, compared with average daily volume of 5,458 shares in the past one quarter. The stock hit a high of Rs 900 and a low of Rs 875 so far during the day. The stock hit a record high of Rs 1,008 on 5 July 2017. The stock hit a 52-week low of Rs 667 on 25 November 2016.

The mid-cap company has equity capital of Rs 47.67 crore. Face value per share is Rs 10.

Prashant Panday, Managing Director and Chief Executive Officer, Entertainment Network (India) (ENIL) said that all the top advertising categories on radio recorded de-growth in Q1 June 2017. The biggest advertiser - the Central Government - cut its advertising by nearly 35% compared to last year, Prashant Panday said.

Entertainment Network (India) (ENIL) is a city-centric media company and operates FM radio broadcasting stations through the brand Radio Mirchi in 40 Indian cities.

Powered by Capital Market - Live News

Bord of SBI approves allotment of AT1 bonds aggregating Rs 2000 cr
Aug 03,2017

State Bank of India announced that the committee of Directors for capital rising accorded its approval on 2 August 2017 to allot 20,000 AT1 Basel III compliant Non- Covertible, Perpetual, Subordinated, Bonds in nature of debentures of face value of Rs 10 lakh each at par bearing coupon @8.15% p.a. payable annually with call option after 5 years or any anniversary date thereafter aggregating to Rs 2000 crore to various investors.

Powered by Capital Market - Live News

Cabinet approves construction of doubling of line with electrification between Vanchi-Maniyachchi- Nagercoil via Tirunelveli
Aug 03,2017

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved the construction of double line with electrification between Vanchi-Maniyachchi- Nagercoil via Tirunelveli in Tamil Nadu.

The total length of the line will be 102 km. The estimated cost of the Project will be Rs.1003.94 crore and completion cost of Rs.1114.62 crore with 5% escalation per annum.

The project is likely to be completed in four years by 2020-21. The project will generate direct employment during construction for 24.48 lakh mandays.

The project would not only speed up the operation of goods and coaching trains, but also provide additional capacity for meeting the increase in traffic in future.

Background:

Vanchi-Maniyachchi- Nagercoil via Tirunelveli is an important trunk route serving Southern end of Tamil Nadu and Kerala. The section is heavily passenger oriented which also serve the goods traffic from nearby ports. Present line capacity of the section has already gone beyond 90% which is causing detention to the moving trains. Line capacity of this route needs to be enhanced to meet the demands for additional trains and smooth movement of trains through the route. Hence, doubling of Vanchi-Maniyachchi- Nagercoil via Tirunelveli with electrification needs to be taken up.

Powered by Capital Market - Live News

Kirloskar Ferrous Industries declines after weak Q1 earnings
Aug 03,2017

The result was announced during market hours today, 3 August 2017.

Meanwhile, the S&P BSE Sensex was down 144.38 points, or 0.44% at 32,332.36. The S&P BSE Small-Cap index was down 56.54 points, or 0.35% at 16,006.93.

On the BSE, 2.22 lakh shares were traded on the counter so far as against the average daily volumes of 1.35 lakh shares in the past one quarter. The stock had hit a high of Rs 94.45 and a low of Rs 87.10 so far during the day. The stock had hit a record high of Rs 112 on 10 April 2017 and a 52-week low of Rs 64.70 on 21 November 2016.

The stock had underperformed the market over the past one month till 2 August 2017, declining 7.41% compared with the Sensexs 5.03% rise. The scrip had also underperformed the market over the past one quarter declining 8.44% as against the Sensexs 8.54% rise. The scrip had, however, outperformed the market over the past one year advancing 18.38% as against the Sensexs 16.06% rise.

The small-cap company has equity capital of Rs 68.65 crore. Face value per share is Rs 5.

Kirloskar Ferrous Industries principal activity is to manufacture and supply iron castings.

Powered by Capital Market - Live News

Banks correct on profit booking
Aug 03,2017

Meanwhile, the S&P BSE Bankex was down 304.36 points or 1.07% to 28,051.95. It underperformed the S&P BSE Sensex, was down 154.24 points or 0.47% to 32,322.50.

The BSE Bankex had outperformed the market over the past one month till 2 August 2017, rising 7.92% compared with 4.06% rise in the Sensex. The index had also outperformed the market in past one quarter, rising 9.78% as against Sensexs 7.80% rise. The index had also outperformed the market in past one year, rising 33.47% as against Sensexs 17.26% rise.

Among public sector banks, Union Bank of India (down 3.2%), Punjab National Bank (down 3.08%), Bank of India (down 3.06%), Syndicate Bank (down 2.68%), Indian Bank (down 2.57%), Andhra Bank (down 2.4%), Dena Bank (down 2.34%), IDBI Bank (down 2.11%), Allahabad Bank (down 2.1%), Canara Bank (down 1.88%), Vijaya Bank (down 1.79%), UCO Bank (down 1.66%), State Bank of India (down 1.54%), Bank of Baroda (down 1.29%), United Bank of India (down 1.29%), Bank of Maharashtra (down 1.23%), Central Bank of India (down 1.18%), Corporation Bank (down 1%) and Punjab & Sind Bank (down 0.65%), edged lower.

Among private sector banks, Yes Bank (down 1.98%), Axis Bank (down 1.3%), Kotak Mahindra Bank (down 1.1%), ICICI Bank (down 0.76%), Federal Bank (down 0.56%), IndusInd Bank (down 0.48%), HDFC Bank (down 0.37%) and RBL Bank (down 0.24%), edged lower. City Union Bank was up 0.29%.

The announcement of central banks policy decision was made during market hours yesterday, 2 August 2017. The S&P BSE Bankex fell 46.76 points or 0.16% to 28,356.31 yesterday, 2 August 2017. The banking index has corrected 351.12 points or 1.24% in two sessions from its close of 28,403.07 on 1 August 2017.

On the basis of an assessment of the current and evolving macroeconomic situation at its meeting yesterday, 2 August 2017, the Monetary Policy Committee (MPC) decided to reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 6% from 6.25% with immediate effect. Consequently, the reverse repo rate under the LAF stands adjusted to 5.75%, and the marginal standing facility (MSF) rate and the Bank Rate to 6.25%.

The decision of the MPC is consistent with a neutral stance of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4% within a band of +/- 2%, while supporting growth, the RBI said.

Powered by Capital Market - Live News

Service sector hit by introduction of goods and services tax: Nikkei India Services PMI
Aug 03,2017

Business conditions in Indias service economy deteriorated markedly in July following the implementation of the goods and services tax (GST). Output and new work declined for the first time since January, with rates of reduction the quickest since September 2013. This had an adverse effect on the labour market, with employment contracting over the month. That said, firms expressed a lack of knowledge regarding the GST and expect more clarity in the near-term to lead to activity growth. Confidence for the year ahead was, in fact, the strongest since August 2016. On the price front, input cost inflation eased from June, while charges were raised to the greatest extent since early-2013

The seasonally adjusted Nikkei India Services PMI Business Activity Index plunged from Junes eight-month high of 53.1 to 45.9 in July, its lowest level since September 2013. The headline figure signalled the first downturn in output since the start of the year, and one that was marked.

With manufacturing production also sliding markedly, private sector output dipped to the greatest extent since March 2009. The seasonally adjusted Nikkei India Composite PMI Output Index fell sharply from 52.7 in June to 46.0.

The launch of the GST was mentioned by services firms as having caused a contraction in new work, leading to lower activity. The drop in new business inflows echoed the trend for output, being the first since January and the most pronounced in nearly four years. Likewise, factory orders decreased in July and at the quickest pace since February 2009.

Faced with fewer workloads service providers and manufacturers lowered payroll numbers in July. Rates of job shedding were, however, slight in both cases.

At the same time, outstanding business in the service economy rose to the greatest extent in five months. Delayed payments from clients was cited as the main reason leading to higher backlogs. Similarly, unfinished work in the goods-producing industry increased, albeit marginally.

According to services companies, higher tax rates and salaries awarded to staff resulted in another monthly increase in input costs. Nonetheless, the rate of inflation softened since June and was well below its long-run average. Manufacturers purchase prices rose at a slightly quicker pace than in June, but one that was muted in the context of historical data.

Services charges rose at the sharpest rate in almost four-and-a-half years during July. Those companies that reported higher selling prices linked this to the implementation of the goods and services tax. On the other hand, manufacturers offered discounts amid efforts to stimulate demand. The drop in factory charges was the first in 17 months.

Indian service providers exhibited optimism towards the 12-month outlook for activity. More than one-quarter of panellists signalled positive sentiment in July, with hopes of a better understanding around the new tax regime boosting confidence. Indeed, the degree of optimism reached an 11-month high. Manufacturers were strongly upbeat regarding growth prospects, with sentiment also the highest since August 2016.

Commenting on the Indian Services PMI survey data, Pollyanna De Lima, Principal Economist at IHS Markit, and author of the report, said: PMI data for July highlight a reversal in fortunes across India, with the economy going into reverse mode after seeing a pick-up in growth momentum during June. The downturn in services follows similar weakness in manufacturing, to make a double-whammy of disappointing news at the start of the second quarter of the 2017/2018 financial year. Private sector activity dipped for the first time since the demonetisation shock and to the greatest extent since early 2009, mirroring the sales trend.

Most of the contraction was attributed to the implementation of the goods & services tax and the confusion it caused. Whereas many will question how deep an impact the GST will have on the economy in the near- and long-term, firms seem convinced that prospects will brighten as the new tax regime becomes clearer. As such, confidence regarding the year-ahead outlook for business activity climbed to an 11-month high.

Powered by Capital Market - Live News

Bannari Amman Spinning Mills to convene board meeting
Aug 03,2017

Bannari Amman Spinning Mills will hold a meeting of the Board of Directors of the Company on 14 August 2017.

Powered by Capital Market - Live News

eDynamics Solutions to discuss results
Aug 03,2017

eDynamics Solutions will hold a meeting of the Board of Directors of the Company on 10 August 2017.

Powered by Capital Market - Live News

Haria Apparels schedules board meeting
Aug 03,2017

Haria Apparels will hold a meeting of the Board of Directors of the Company on 11 August 2017.

Powered by Capital Market - Live News

Prime Focus to discuss results
Aug 03,2017

Prime Focus will hold a meeting of the Board of Directors of the Company on 9 August 2017.

Powered by Capital Market - Live News

Raj Oil Mills schedules board meeting
Aug 03,2017

Raj Oil Mills will hold a meeting of the Board of Directors of the Company on 8 August 2017.

Powered by Capital Market - Live News

Empee Distilleries to convene board meeting
Aug 03,2017

Empee Distilleries will hold a meeting of the Board of Directors of the Company on 9 August 2017.

Powered by Capital Market - Live News

Shree Surgovind Tradelink to announce Quarterly Result
Aug 03,2017

Shree Surgovind Tradelink will hold a meeting of the Board of Directors of the Company on 4 August 2017.

Powered by Capital Market - Live News

Oceanaa Biotek Industries to declare Quarterly Result
Aug 03,2017

Oceanaa Biotek Industries will hold a meeting of the Board of Directors of the Company on 11 August 2017.

Powered by Capital Market - Live News