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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 Gloster recommends final dividend
May 16,2017

Gloster announced that the Board of Directors of the Company at its meeting held on 12 May 2017, inter alia, have recommended the final dividend of Rs 5 per equity Share (i.e. 50%) , subject to the approval of the shareholders.

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Board of PNB Housing Finance recommends final dividend
May 16,2017

PNB Housing Finance announced that the Board of Directors of the Company at its meeting held on 12 May 2017, inter alia, have recommended the final dividend of Rs 6 per equity Share (i.e. 60%) , subject to the approval of the shareholders.

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Board of Hinduja Ventures recommends final dividend
May 16,2017

Hinduja Ventures announced that the Board of Directors of the Company at its meeting held on 12 May 2017, inter alia, have recommended the final dividend of Rs 17.5 per equity Share (i.e. 175%) , subject to the approval of the shareholders.

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Board of D-Link India recommends final dividend
May 16,2017

D-Link India announced that the Board of Directors of the Company at its meeting held on 12 May 2017, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 25%) , subject to the approval of the shareholders.

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Board of GMM Pfaudler recommends final dividend
May 16,2017

GMM Pfaudler announced that the Board of Directors of the Company at its meeting held on 12 May 2017, inter alia, have recommended the final dividend of Rs 1.9 per equity Share (i.e. 95%) , subject to the approval of the shareholders.

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Piramal Enterprises to hold AGM
May 16,2017

Piramal Enterprises announced that the 70th Annual General Meeting (AGM) of the company will be held on 1 August 2017.

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Board of Balmer Lawrie Investment recommends final dividend
May 16,2017

Balmer Lawrie Investment announced that the Board of Directors of the Company at its meeting held on 12 May 2017, inter alia, have recommended the final dividend of Rs 17 per equity Share (i.e. 170%) , subject to the approval of the shareholders.

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Board of Elnet Technologies recommends final dividend
May 16,2017

Elnet Technologies announced that the Board of Directors of the Company at its meeting held on 12 May 2017, inter alia, have recommended the final dividend of Rs 1.4 per equity Share (i.e. 14%) , subject to the approval of the shareholders.

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Borosil Glass Works soars about 15% in two sessions
May 16,2017

Meanwhile, the S&P BSE Sensex was up 268.38 points, or 0.89% to 30,590.50.

On the BSE, 11,000 shares were traded in the counter so far, compared with average daily volumes of 4,407 shares in the past one quarter. The stock had hit a high of Rs 8,550 and a low of Rs 8,218 so far during the day. The stock hit a record high of Rs 8,702.60 on 24 October 2016. The stock hit a 52-week low of Rs 3,600 on 24 June 2016.

The stock had outperformed the market over the past one month till 15 May 2017, rising 24.04% compared with 2.92% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 19.40% as against Sensexs 7% rise.

The small-cap company has equity capital of Rs 2.31 crore. Face value per share is Rs 10.

Borosil Glass Works reported net profit of Rs 8.92 crore in Q4 March 2017, as against net loss of Rs 6.51 crore in Q4 March 2016. Net sales rose 17.6% to Rs 75.27 crore in Q4 March 2017 over Q4 March 2016. The result was announced on Saturday, 13 May 2017.

Shares of Borosil Glass Works spurted 10.07% to settle at Rs 8,124.90 yesterday, 15 May 2017. The stock has risen 14.47% in two trading sessions from its close of Rs 7,381.70 on Friday, 12 May 2017.

Borosil Glass Works board recommended dividend of Rs 25 per share for the financial year ended March 2017. The board also approved 10-for-1 stock split.

Borosil Glass Works manufactures scientific ware items and consumer ware items.

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Punjab National Bank reports standalone net profit of Rs 261.90 crore in the March 2017 quarter
May 16,2017

Net profit of Punjab National Bank reported to Rs 261.90 crore in the quarter ended March 2017 as against net loss of Rs 5367.14 crore during the previous quarter ended March 2016. Total Operating Income rose 9.82% to Rs 11886.53 crore in the quarter ended March 2017 as against Rs 10824.03 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 1324.80 crore in the year ended March 2017 as against net loss of Rs 3974.39 crore during the previous year ended March 2016. Total Operating Income declined 0.31% to Rs 47275.99 crore in the year ended March 2017 as against Rs 47424.35 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Total Operating Income11886.5310824.03 10 47275.9947424.35 0 OPM %46.93-9.67 -53.6142.96 - PBDT478.28-7257.38 LP 2011.54-5737.88 LP PBT478.28-7257.38 LP 2011.54-5737.88 LP NP261.90-5367.14 LP 1324.80-3974.39 LP

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Teesta Agro Industries standalone net profit rises 22.58% in the March 2017 quarter
May 16,2017

Net profit of Teesta Agro Industries rose 22.58% to Rs 0.38 crore in the quarter ended March 2017 as against Rs 0.31 crore during the previous quarter ended March 2016. Sales declined 33.24% to Rs 14.70 crore in the quarter ended March 2017 as against Rs 22.02 crore during the previous quarter ended March 2016.

For the full year,net profit rose 13.19% to Rs 1.03 crore in the year ended March 2017 as against Rs 0.91 crore during the previous year ended March 2016. Sales declined 6.38% to Rs 63.52 crore in the year ended March 2017 as against Rs 67.85 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales14.7022.02 -33 63.5267.85 -6 OPM %4.970.95 -3.091.00 - PBDT1.470.73 101 3.122.32 34 PBT0.560.48 17 1.521.39 9 NP0.380.31 23 1.030.91 13

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Gravita India reports consolidated net profit of Rs 10.18 crore in the March 2017 quarter
May 16,2017

Net profit of Gravita India reported to Rs 10.18 crore in the quarter ended March 2017 as against net loss of Rs 0.21 crore during the previous quarter ended March 2016. Sales rose 72.01% to Rs 201.63 crore in the quarter ended March 2017 as against Rs 117.22 crore during the previous quarter ended March 2016.

For the full year,net profit rose 593.36% to Rs 30.30 crore in the year ended March 2017 as against Rs 4.37 crore during the previous year ended March 2016. Sales rose 53.43% to Rs 651.66 crore in the year ended March 2017 as against Rs 424.73 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales201.63117.22 72 651.66424.73 53 OPM %9.183.43 -8.503.77 - PBDT16.463.07 436 47.7812.67 277 PBT14.571.20 1114 41.205.96 591 NP10.18-0.21 LP 30.304.37 593

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Gravita India standalone net profit rises 926.25% in the March 2017 quarter
May 16,2017

Net profit of Gravita India rose 926.25% to Rs 8.21 crore in the quarter ended March 2017 as against Rs 0.80 crore during the previous quarter ended March 2016. Sales rose 77.07% to Rs 169.81 crore in the quarter ended March 2017 as against Rs 95.90 crore during the previous quarter ended March 2016.

For the full year,net profit rose 592.66% to Rs 22.65 crore in the year ended March 2017 as against Rs 3.27 crore during the previous year ended March 2016. Sales rose 52.48% to Rs 528.19 crore in the year ended March 2017 as against Rs 346.39 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales169.8195.90 77 528.19346.39 52 OPM %7.901.50 -7.252.56 - PBDT11.822.40 393 31.156.15 407 PBT10.871.67 551 27.803.23 761 NP8.210.80 926 22.653.27 593

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Salona Cotspin reports standalone net profit of Rs 0.41 crore in the March 2017 quarter
May 16,2017

Net profit of Salona Cotspin reported to Rs 0.41 crore in the quarter ended March 2017 as against net loss of Rs 0.07 crore during the previous quarter ended March 2016. Sales rose 38.98% to Rs 40.43 crore in the quarter ended March 2017 as against Rs 29.09 crore during the previous quarter ended March 2016.

For the full year,net profit rose 47.14% to Rs 3.34 crore in the year ended March 2017 as against Rs 2.27 crore during the previous year ended March 2016. Sales rose 21.49% to Rs 119.93 crore in the year ended March 2017 as against Rs 98.72 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales40.4329.09 39 119.9398.72 21 OPM %2.054.43 -7.168.82 - PBDT0.280.75 -63 6.406.08 5 PBT-0.89-0.20 -345 2.772.73 1 NP0.41-0.07 LP 3.342.27 47

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Hindustan Fluoro Carbons reports standalone net loss of Rs 1.89 crore in the March 2017 quarter
May 16,2017

Net Loss of Hindustan Fluoro Carbons reported to Rs 1.89 crore in the quarter ended March 2017 as against net loss of Rs 3.69 crore during the previous quarter ended March 2016. Sales declined 14.40% to Rs 8.56 crore in the quarter ended March 2017 as against Rs 10.00 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 4.89 crore in the year ended March 2017 as against net loss of Rs 11.11 crore during the previous year ended March 2016. Sales declined 4.05% to Rs 33.84 crore in the year ended March 2017 as against Rs 35.27 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales8.5610.00 -14 33.8435.27 -4 OPM %-8.06-14.70 --0.33-17.83 - PBDT-1.50-3.30 55 -3.37-9.74 65 PBT-1.89-3.69 49 -4.89-11.11 56 NP-1.89-3.69 49 -4.89-11.11 56

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