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

Konark Synthetic announces resignation of director
Mar 02,2017

Konark Synthetic announced that Kavita Bhat, Independent Women Director of the Company has resigned from the directorship of the Company with effect from 2 March 2017 due to her personal reasons and other engagements.

Powered by Capital Market - Live News

Hathway Cable & Datacom announces resignation of directors
Mar 02,2017

Hathway Cable & Datacom announced the resignation of Biswajit Subramanian as Director from the Board of Directors of the Company with effect from 02 March 2017.

Powered by Capital Market - Live News

National Aluminium Company announces performance figures
Mar 02,2017

National Aluminium Company has registered a 16.8% growth in Bauxite production upto February 2017 with a volume of 65.64 lakh tonnes, the highest since its inception.

Hydrate production at its refinery has increased 6.8%. Hydrate production till February 2017 was 18.9 lakh tonnes as against 17.7 lakh tonnes for the corresponding period of previous year.

At its aluminium smelter, cast metal production grew by 3.79% and the aluminium metal sales rose by 2.68%. With aluminium market firming up, the Company plans to increase its cast metal production by 12% in the next fiscal.

Powered by Capital Market - Live News

Wipro Positioned in Winners Circle of Product Life Cycle Management service providers
Mar 02,2017

Wipro has been positioned in the Winners Circle of Product Life Cycle Management service providers by HfS Research in the market study HfS Blueprint Report on PLM Services 2016.

Powered by Capital Market - Live News

Talwalkars Better Value Fitness provides update on scheme of arrangement
Mar 02,2017

Talwalkars Better Value Fitness announced that the Company has filed an application of the Scheme of Arrangement with National Company Law Tribunal (NCLT) under the provisions of Sections 230 - 232 and other applicable provisions of the Companies Act, 2013 read with the relevant rules made thereunder.

Powered by Capital Market - Live News

IMP Power appoints COO
Mar 02,2017

IMP Power announced the appointment of Arun Goel as Chief Operating Officer of the Company with effect from 01 March 2017.

Powered by Capital Market - Live News

Wipro positioned as Leader for SAP Application Services, EMEA
Mar 02,2017

Wipro announced that it has been positioned as a Leader in Gartners Magic Quadrant for SAP Application Services, EMEA.

Powered by Capital Market - Live News

Orient Cement gets ratings review for bank facilities and commercial paper
Mar 02,2017

Orient Cement announced that Credit Analysis & Research Limited has reviewed the ratings for bank facilities and commercial paper issue as under -

Long term bank facilities (Rs 1353 crore) - CARE AA-
Commercial paper issue (Rs 150 crore) - CARE A1+
Commercial paper issue (Rs 100 crore) - CARE A1+

Powered by Capital Market - Live News

Asia Pacific Market: Stocks mostly up on Trump relief
Mar 02,2017

Asia Pacific share market closed mostly up on Thursday, 02 March 2017, as investors took heart from record performances of Wall Street overnight, where the Dow Jones industrial average closed above 21,000, after U.S. President Donald Trumps pledge to invest heavily in infrastructure, cut corporate taxes and ease regulations. But, gains on the regional bourses were limited as speculation of capital outflow woes renewed on growing expectations that the U.S. Federal Reserve will raise interest rates this month. The MSCIs broadest index of Asia-Pacific shares outside Japan advanced 0.7%.

The US presidents much-anticipated address on Tuesday, while lacking details, was broadly welcomed as he promised a US$1-trillion (Bt35 trillion) infrastructure splurge and tax cuts - music to bullish investors ears. Global equity markets have thundered along since Trumps November election win as dealers bet his policies would light a fire under the US economy. The fact that he did away with the bellicose rhetoric of the past made him appear more presidential, according to some observers.

While Trump gave few new details on his tax or spending plans, investors were encouraged by what they saw as a measured tone in his first speech to Congress as he tries to push his growth agenda through a Congress reluctant to widen the governments budget deficit. On Wall Street, the Dow blasted through the 21,000 mark for the first time, and the three main stock indexes surged more than 1.3% to close at record highs.

Among Asian bourses

Australia Stocks gains on Trump speech

Australian equity market finished higher for the first time in six consecutive sessions, as sentiment was supported by a combination of stronger global manufacturing activity and strong gains in Wall Street overnight after a pledge by US President Donald Trump to boost economic growth. The S&P/ASX 200 index was up 1.3%, or 71.804 points, to 5,776.60 at the close of trade, led by financials and material stocks.

Mining stocks led broad gains, rebounding from weakness in recent sessions, while the four biggest banks collectively added almost 16 points to the ASX 200. Among Australian mining stocks, South32 rallied 9.2% while BHP Billiton and Rio Tinto gained 3.3% and 3.5%, respectively. Commonwealth Bank led the big banks, with a rise of 1.3%, while Westpac Banking, Australia & New Zealand Banking and National Australia Bank each added at least 1%.

On the losing ledger, telecom stocks ended lower, with sector giant Telstra extending losses from the previous session, finishing 1.5% lower, after trading ex-dividend.

Nikkei gains on strong Wall Street, weak yen

The Japan share market ended at a two-month high, as investors took heart from robust gains on Wall Street overnight and yen depreciation against the U.S. dollar. Every industry category on the main section gained ground, led by insurance, securities, and iron and steel issues. Tokyos benchmark Nikkei 225 index climbed 0.88%, or 171.26 points, to close at 19,564.80, its highest close since Jan. 5, while the Topix index of all first-section issues tacked on 0.75%, or 11.60 points, to end at 1,564.69.

The nonferrous metal sector was boosted by hopes Trumps pledge to invest $1 trillion for infrastructure development would bring new business opportunities. Mitsubishi Materials rose 110 yen, or 3.0%, to 3,810 yen, while Sumitomo Metal Mining gained 41.50 yen, or 2.6%, to 1,610.50 yen.

Financial issues were also among the gainers, tracking rises of overseas counterparts on early rate hike hopes. Mitsubishi UFJ Financial Group rose 14.80 yen, or 2.0%, to 763.00 yen, Nomura Holdings increased 11.20 yen, or 1.5%, to 753.10 yen and Dai-ichi Life Insurance ended the day up 87.00 yen, or 4.0%, at 2,256.50 yen.

Showa Denko bucked the trend, dropping 144 yen, or 7.1%, to 1,880 yen after the chemical product maker said it would again postpone its release of financial results for the business year ended December due to a need for a closer review of a potentially inappropriate business transaction at a subsidiary.

China Stocks close down

Mainland China stock market closed lower, dragged down by infrastructure and real estate stocks, after a poll showed growth in Chinas home prices will slow significantly on continuing government curbs and tighter credit conditions in 2017. At the close, the benchmark Shanghai Composite Index lost 0.52% to 3,230.03 points. The blue-chip CSI 300 index declined 0.67% to 3,435.10 points. The Shenzhen Component Index edged down 0.5% to 10,367.3. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, slumped 0.60% to 1,920.40 points.

Most sectors fell, led by infrastructure and real estate stocks, after a poll showed Chinas house price growth will slow significantly on continuing government curbs and tighter credit conditions this year.

SF Express shares dropped 3% to 67.9 yuan, amid mainland media reports that Chinese authorities were closely watching the logistics and delivery service provider, which has risen sharply since completing a back-door listing last week.

The Chinese currency renminbi, or yuan, weakened against the U.S. dollar after the Peoples Bank of China set the midpoint rate softer, inline with dollar strength in international market amid growing expectations that the U.S. central bank will raise interest rates later this month.

Financial markets in China and around the world are also awaiting policy clues from the National Peoples Congress (NPC) parliamentary session that is set to start on Sunday. Premier Li Keqiangs annual work report is expected to include key economic targets for the year, including gross domestic product and money supply growth, while other speeches and reports will set out top policy priorities for the year. Chinese authorities usually keep the yuan relatively steady during high-profile political events.

The Peoples Bank of China set the yuans midpoint rate at 6.8809 per dollar prior to the market open, weaker than the previous fix of 6.8798. In spot market trading, the yuan opened at 6.8850 per dollar and was changing hands at 6.8836 at midday, 12 pips weaker than the previous late session close and 0.04% weaker than the midpoint.

Hong Kong Stocks surrender gains on profit-taking

The Hong Kong stock market closed down after wiping out initial gains, as some investors took advantage of the upbeat market to lock in profits. The change of direction in the afternoon was partly triggered by bearish sentiment on the mainland, where investors were worried about liquidity amid growing expectations that the U.S. Federal Reserve will raise interest rates this month. The Hang Seng Index fell 0.2% or 48.4 points to 23,782.1 while the Hang Seng China Enterprises Index dropped 0.4% to 10,246.9. Market turnover on the Hong Kong main board was HK$82.1 billion, slightly higher than Wednesdays HK$76.2 billion.

Expectations for a US interest rate increase in March have grown after Fed officials, including dovish Fed Governor Lael Brainard, showed their support for a rate rise n++soonern++. The markets have now shifted their focus to an address by US Federal Reserve chairwoman Janet Yellen on Friday which may offer clues on the possible interest rate rise.

Stocks sensitive to a US rate hike were affected, either positively or negatively. Banks were among the best performers, with Standard Chartered jumping 2.3% and HSBC adding 1.0%. However, property developers were under pressure. Cheung Kong Property was the biggest loser among the HSI 50, dropping 1.6% to HK$52.3. Sun Hung Kai Properties weakened 1.1% to HK$ 114.3 and Wheelock & Co declined 1.5% to HK$51.2. Chinese Estates Holdings edged 0.2% lower to HK$11.9, in line with the benchmark, after controlling shareholder Joseph Lau Luen-hung transferred his stake in the company to his wife and son due to a n++very unstable health conditionn++.

Markets are also paying attention to the National Peoples Congress meeting, an annual parliament-style gathering of delegates from all over China, during which Premier Li Keqiang is due to declare the nations annual growth target, fiscal budget and work focus for the government in 2017. Issues including environmental protection and state-owned enterprise reform are expected to be widely discussed during the meeting. Related shares rallied, with Kangda International Environmental jumping 6.8% to HK$2.1 and Guangdong Investment adding 2.3% to HK$10.8. China Water Industry Group increased 1.3% to HK$1.6 while China Water Affairs Group added 0.6% to HK$5.0.

Indian Market retreats after striking almost two-year high

Key Indian benchmark indices retreated from almost two-year highs as profit booking emerged at higher levels. The barometer index, the S&P BSE Sensex, lost 144.70 points or 0.50% to settle at 28,839.79. The Nifty 50 index fell 46.05 points or 0.51% to settle at 8,899.75. The Sensex settled below the psychologically important 29,000 mark after trading above that level for most part of the trading session. Key equity benchmarks were weighed by slide in shares of index heavyweight and cigarette maker ITC and bank stocks.

Tata Motors rose 2.66%. The companys total sales rose 2% to 47,573 vehicles in February 2017 over February 2016. The companys domestic sales of Tata commercial and passenger vehicles rose 3% at 42,679 units in February 2017 over February 2016.

Car major Maruti Suzuki India shed 0.04%. The company announced during market hours today, 2 March 2017, that its top-selling urban compact SUV Vitara Brezza has crossed one lakh cumulative sales milestone in the domestic market.

Eicher Motors fell 1.11%. The company said that sales volume of VE Commercial Vehicles, an unlisted subsidiary of Eicher Motors rose 9.28% to 5,499 units in February 2017 over February 2016.

Hero MotoCorp rose 1.37%. The company reported 4.75% drop in sales of 524,766 units of two-wheelers in the month of February 2017 over February 2016. Majority of Hero two-wheelers had already been made BS IV compliant quite sometime back and the company has fully transitioned to producing only BS IV vehicles across the range from 1 March 2017.

Bajaj Auto rose 2.12%. The company said its total vehicles sales rose 0.37% to 2.73 lakh units in February 2017, compared to 2.72 lakh units in February 2016. The companys sales from domestic market declined by 8% to 1.59 units in February 2017 over February 2016. While sales from export increased by 16% to 1.14 lakh units in February 2017 over February 2016. Sales from motorcycles segment grew 4% to 2.44 lakh units in February 2017 over February 2016.

Powered by Capital Market - Live News

Australia Stocks gains on Trump speech
Mar 02,2017

Australian equity market finished higher for the first time in six consecutive sessions on Thursday, 2 March 2017, as sentiment was supported by a combination of stronger global manufacturing activity and strong gains in Wall Street overnight after a pledge by US President Donald Trump to boost economic growth. The S&P/ASX 200 index was up 1.3%, or 71.804 points, to 5,776.60 at the close of trade, led by financials and material stocks.

Powered by Capital Market - Live News

China Stocks close down
Mar 02,2017

Mainland China stock market closed lower on Thursday, 02 March 2017, dragged down by infrastructure and real estate stocks, after a poll showed growth in Chinas home prices will slow significantly on continuing government curbs and tighter credit conditions in 2017. At the close, the benchmark Shanghai Composite Index lost 0.52% to 3,230.03 points. The blue-chip CSI 300 index declined 0.67% to 3,435.10 points. The Shenzhen Component Index edged down 0.5% to 10,367.3. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, slumped 0.60% to 1,920.40 points.

Powered by Capital Market - Live News

TCS launches HOBS V6.0
Mar 02,2017

Tata Consultancy Services has launched the next version of HOBS (Hosted OSS/BSS) - a TM Forum certified platform for digital enterprises - at Mobile World Congress in Barcelona.

Powered by Capital Market - Live News

Hong Kong Stocks surrender gains on profit-taking
Mar 02,2017

The Hong Kong stock market closed down after wiping out initial gains on Thursday, 02 March 2017, as some investors took advantage of the upbeat market to lock in profits. The change of direction in the afternoon was partly triggered by bearish sentiment on the mainland, where investors were worried about liquidity amid growing expectations that the U.S. Federal Reserve will raise interest rates this month. The Hang Seng Index fell 0.2% or 48.4 points to 23,782.1 while the Hang Seng China Enterprises Index dropped 0.4% to 10,246.9. Market turnover on the Hong Kong main board was HK$82.1 billion, slightly higher than Wednesdays HK$76.2 billion.

Powered by Capital Market - Live News

Board of Zenotech Laboratories approves winding up of subsidiary in Nigeria
Mar 02,2017

The Board of Directors of Zenotech Laboratories on 02 March 2017 has approved by way of resolution by circulation, the winding up of Zenotech Laboratories Nigeria, Nigeria, the subsidiary of the Company and has authorised the management to take appropriate actions for initiating the process of winding up of the subsidiary.

Powered by Capital Market - Live News

Geometric fixes record date for scheme of arrangement and amalgamation
Mar 02,2017

Geometric has fixed 15 March 2017 as the record date for determining the shareholders of the Company to whom shares of HCL Technologies and 3DPLM Software Solutions will be allotted pursuant to scheme of arrangement and amalgamation.

Powered by Capital Market - Live News