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

Amulya Leasing & Finance to hold EGM
Mar 14,2017

Amulya Leasing & Finance announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 15 April 2017 .

Powered by Capital Market - Live News

Vikas Wsp to hold board meeting
Mar 14,2017

Vikas Wsp will hold a meeting of the Board of Directors of the Company on 21 March 2017, to fix a price of an equity share as per SEBI guidelines to allot fresh equity shares on preferential basis to perospective investors other than promoters

Powered by Capital Market - Live News

GlaxoSmithkline Consumer Healthcare to hold board meeting
Mar 14,2017

GlaxoSmithkline Consumer Healthcare will hold a meeting of the Board of Directors of the Company on 22 March 2017, to discuss future strategies of the Company.

Powered by Capital Market - Live News

Gitanjali Gems jumps after subsidiary files for IPO
Mar 14,2017

The announcement was made after market hours on Friday, 10 March 2017.

Meanwhile, the S&P BSE Sensex was up 482.34 points, or 1.67% to 29,428.57.

On the BSE, 1.85 lakh shares were traded in the counter so far, compared with average daily volumes of 3.06 lakh shares in the past one quarter. The stock had hit a high of Rs 68.65 and a low of Rs 66.25 so far during the day. The stock hit a 52-week high of Rs 93.60 on 10 October 2016. The stock hit a 52-week low of Rs 31.55 on 18 March 2016.

The stock had underperformed the market over the past one month till 10 March 2017, falling 12.80% compared with 2.18% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 5.41% as against Sensexs 8.22% rise.

The small-cap company has equity capital of Rs 118.62 crore. Face value per share is Rs 10.

Gitanjali Gems announced that Nakshatra World (NWL) (formerly known as Gitanjali Brands), a wholly-owned subsidiary of the company, has filed its draft red herring prospectus dated 8 March 2017, for an initial public offering (IPO) with the Securities and Exchange Board of India (Sebi) as well as with both the stock exchanges i.e. BSE and National Stock Exchange of India.

On a consolidated basis, net profit of Gitanjali Gems declined 23.62% to Rs 57.63 crore on 1.37% decline in net sales to Rs 3352.97 crore in Q3 December 2016 over Q3 December 2015.

Gitanjali Gems is engaged in diamond cutting and polishing, and diamond and gold jewelry manufacturing.

Powered by Capital Market - Live News

Palred Technologies to hold EGM
Mar 14,2017

Palred Technologies announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 8 April 2017 .

Powered by Capital Market - Live News

Uniply Industries to hold board meeting
Mar 14,2017

Uniply Industries will hold a meeting of the Board of Directors of the Company on 16 March 2017, to consider plan of fund Raising towards the companys proposed expansion and growth plan.

Powered by Capital Market - Live News

Pennar Industries secures new orders
Mar 14,2017

Pennar Industries has received orders worth Rs 202 crore across its business units including railway products, solar products, precision tubes, industrial components, steel products, defence products and engineering services division.

Powered by Capital Market - Live News

Board of Denis Chem Lab allots 27 lakh shares on conversion of equity warrants
Mar 14,2017

Denis Chem Lab announced that the Board of Directors of the Company in their meeting held on 14 March 2017 has allotted 27,00,000 Equity Shares of Rs. 10/- each @ premium of Rs. 50/- per Equity Share to Non-Promoters of the Company on Preferential basis upon conversion of 27,00,000 Equity Warrants of Rs.10/- each @ premium of Rs. 50/- per Equity Warrant.

Powered by Capital Market - Live News

Bharat Electronics gets reaffirmation in credit ratings
Mar 14,2017

Bharat Electronics announced that ICRA has reaffirmed the following credit ratings of the Company for the year 2017-18:

(i) Long-term rating of [ICRA]AAA (pronounced ICRA triple A) to Rs.200 crore fund based line of credit and the additional fund based limit (term Loan) of Rs. 100 crore.

(ii) Short-term rating of [ICRA]A1+ (pronounced ICRA A one plus) to Rs.2700 crore non-fund based line of credit.

(iii) Short-term rating of [ICRA]A1+ (pronounced ICRA A one plus) to Rs.5 crore Commercial Papers (CP).

The outlook on the long-term rating is stable. These ratings indicate the highest credit quality in the long and short-term. The instruments rated in these categories carry the lowest credit risk in the long- and short-term. These ratings (i), (ii) & (iii) are valid till 28 February 2018.

Powered by Capital Market - Live News

Oil India moves higher as board to consider share buyback proposal
Mar 14,2017

The announcement was made after market hours on Friday, 10 March 2017.

Meanwhile, the S&P BSE Sensex was up 486.25 points, or 1.68%, to 29,432.48

On BSE, so far 32,000 shares were traded in the counter, compared with average daily volume of 52,122 shares in the past one quarter. The stock hit a high of Rs 340 and a low of Rs 332.30 so far during the day.

The stock hit a 52-week high of Rs 367.43 on 11 January 2017. The stock hit a 52-week low of Rs 226.50 on 16 March 2016. The stock had underperformed the market over the past 30 days till 10 March 2017, sliding 3.07% compared with the 2.18% rise in the Sensex. The scrip also underperformed the market in past one quarter, gaining 0.72% as against Sensexs 8.22% gain.

The large-cap company has equity capital of Rs 801.51 crore. Face value per share is Rs 10.

Oil Indias net profit rose 18.82% to Rs 454.69 crore on 7.1% rise in net sales to Rs 2376.37 crore in Q3 December 2016 over Q3 December 2015.

Oil India is a premier oil company engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. The company also provides various E&P related services and holds 26% equity in Numaligarh Refinery.

The Government of India held 67.64% stake in Oil India as per the shareholding pattern as on 16 January 2017.

Powered by Capital Market - Live News

Reliance Capital provides update on subsidiary - Reliance Commercial Finance
Mar 14,2017

Reliance Commercial Finance (RCFL), a subsidiary of RelianceCapital (RCL), on 14 March 2017 announced the appointment of Devang Mody as its new CEO.

Powered by Capital Market - Live News

Uflex launches special polyester film, F-PDP
Mar 14,2017

Uflex has launched a special polyester film, F-PDP with modified surface on one side while the other side remaining untreated. This film is digitally printable without any need for priming/ coating. The polyester (PET) film F-PDP has been certified by Rochester Institute of Technology for digital printing by HP Indigo commercial and sheet fed presses.

Powered by Capital Market - Live News

Satin Creditcare advances as board approves fund raising plan
Mar 14,2017

The announcement was made after market hours on Friday, 10 March 2017.

Meanwhile, the S&P BSE Sensex was up 493.69 points or 1.71% at 29,439.92

On BSE, so far 18,000 shares were traded in the counter as against average daily volume of 24,390 shares in the past one quarter. The stock hit a high of Rs 405 and a low of Rs 386.10 so far during the day.

The stock had hit a record high of Rs 716.70 on 28 July 2016. The stock had hit a 52-week low of Rs 289.90 on 29 March 2016. The stock had underperformed the market over the past 30 days till 10 March 2017, sliding 13.87% compared with the 2.18% rise in the Sensex. The scrip also underperformed the market in past one quarter, gaining 0.5% as against Sensexs 8.22% gain.

The small-cap company has equity capital of Rs 37.57 crore. Face value per share is Rs 10.

Satin Creditcare Networks board of directors at its meeting held on 10 March 2017 approved issue of 6.58 lakh warrants convertible into equivalent number of equity shares of the company to Trishashna Holding and Investments under promoter category at Rs 455.45 per share. The companys board also approved issue of 15.99 lakh shares to Asian Development Bank at Rs 416.67 per share under non-promoter / public category (qualified institutional buyer).

Satin Creditcare Networks net profit rose 9.53% to Rs 16.44 crore on 44.83% growth in total income to Rs 208.35 crore in Q3 December 2016 over Q3 December 2015.

Satin Creditcare Network is the fifth largest microfinance institution in terms of gross lending portfolio (GLP) as on 31 March 2016 with a strong presence in north India.

Powered by Capital Market - Live News

Loyal Equipments secures order worth Rs 82.68 lakh
Mar 14,2017

Loyal Equipments has received an order from Essar Oil worth Rs. 82.68 lakhs for Supply of Tube Bundle for its Vadinar Plant in Gujarat, India.

Powered by Capital Market - Live News

Loyal Equipments secures order worth Rs 82.68 lakh
Mar 14,2017

Loyal Equipments has received an order from Essar Oil worth Rs. 82.68 lakhs for Supply of Tube Bundle for its Vadinar Plant in Gujarat, India.

Powered by Capital Market - Live News