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

Wipro gains after completing sale of its EcoEnergy division
Mar 02,2017

The announcement was made before market hours today, 2 March 2017.

Meanwhile, the BSE Sensex was up 124.87 points, or 0.43%, to 29,109.36.

On the BSE, 22,301 shares were traded in the counter so far, compared with average daily volumes of 1.02 lakh shares in the past one quarter. The stock had hit a high of Rs 495 and a low of Rs 490.30 so far during the day.

The stock had hit a 52-week high of Rs 606.75 on 20 April 2016. The stock had hit a 52-week low of Rs 410 on 9 November 2016. It had outperformed the market over the past one month till 1 March 2017, rising 7.23% compared with the Sensexs 3% rise. The scrip had, however, underperformed the market over the past one quarter, gaining 4.38% as against the Sensexs 9.13% rise.

The large-cap company has equity capital of Rs 486.18 crore. Face value per share is Rs 2.

Wipro said that the impact of sale of EcoEnergy division is expected to reflect in the financials of Wipro for the Q4 March 2017 and year ending 31 March 2017 (FY 2017).

Separately, Wipro has issued clarification on news item appearing on leading news channel with regard to the company considering proposal for buyback of equity shares. The company clarified that as and when such proposals are approved by the board of directors, necessary disclosures shall be made. Wipro added that it does not have additional comments at this point in time. The clarification was issued after market hours yesterday, 1 March 2017.

Wipros consolidated net profit rose 2.04% to Rs 2109.40 crore on 0.93% decline in net sales to Rs 13764.50 crore in Q3 December 2016 over Q2 September 2016.

Wipro is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better.

Powered by Capital Market - Live News

Wockhardt drops after receiving warning letter from USFDA
Mar 02,2017

The announcement was made after market hours yesterday, 1 March 2017.

Meanwhile, the S&P BSE Sensex was up 125.42 points, or 0.43%, to 29,109.91.

On the BSE, 4.51 lakh shares were traded on the counter so far as against the average daily volumes of 2.08 lakh shares in the past one quarter. The stock had hit a high of Rs 729 and a low of Rs 701 so far during the day.

The stock had hit a 52-week high of Rs 1,129 on 21 July 2016 and a 52-week low of Rs 627 on 27 December 2016. The stock had outperformed the market over the past one month till 1 March 2017, advancing 16.91% compared with the Sensexs 3% rise. The scrip had, however, underperformed the market over the past one quarter advancing 6.62% as against the Sensexs 9.13% rise.

The mid-cap company has equity capital of Rs 55.27 crore. Face value per share is Rs 5.

Wockhardt said that the US Food and Drug Administration (USFDA) has issued a warning letter to Morton Grove Pharmaceuticals, USA, a stepdown subsidiary of the company. This would mean that current portfolio of the company will continue to be made available in the market, Wockhardt said. However, new approvals will be withheld till resolution. The company, with the help of the consultants, has already initiated appropriate measures since last several months to address the issues raised by USFDA, it said.

Wockhardt reported consolidated net loss of Rs 53.91 crore in Q3 December 2016, as compared to net profit of Rs 72.04 crore in Q3 December 2015. Net sales fell 7.3% to Rs 995.56 crore in Q3 December 2016 over Q3 December 2015.

Wockhardt is a research based and technology intensive global pharmaceutical and biotechnology company.

Powered by Capital Market - Live News

DCM Shriram Industries gets revision in ratings for bank facilities and FD programme
Mar 02,2017

DCM Shriram Industries announced that Credit Analysis & Research has revised the Companys ratings for long term and short term bank facilities and fixed deposit programme as under -

Long term bank facilities - CARE A-; Stable (Revised from CARE BBB+)

Short term bank facilities - CARE A2 (Revised from CARE A3)

Fixed deposit programme - CARE A-; Stable (Revised from CARE BBB+(FD))

Powered by Capital Market - Live News

DCM Shriram Industries gets revision in ratings for bank facilities and FD programme
Mar 02,2017

DCM Shriram Industries announced that Credit Analysis & Research has revised the Companys ratings for long term and short term bank facilities and fixed deposit programme as under -

Long term bank facilities - CARE A-; Stable (Revised from CARE BBB+)

Short term bank facilities - CARE A2 (Revised from CARE A3)

Fixed deposit programme - CARE A-; Stable (Revised from CARE BBB+(FD))

Powered by Capital Market - Live News

Moodys announces rating assignment of (P)B1 to State Bank of Indias Additional Tier 1 capital securities component of MTN programme
Mar 02,2017

Moodys Investors Service announced today that on September 6, 2016, it assigned a (P)B1 rating to the perpetual capital securities component of the existing USD10 billion Medium Term Note (MTN) program of State Bank of India (SBI, deposits Baa3 positive, BCA ba1).

Prior to September 2016, Moodys had assigned a (P)Baa3 rating to the senior unsecured component, a (P)Ba1 rating to the subordinated component, a (P)Ba2 rating to the junior subordinated component, and a (P)Prime-3 rating to the short-term component of the MTN programme.

The terms and conditions of the capital securities incorporate Basel III-compliant non-viability language in accordance with Reserve Bank of India (RBI) guidelines, and will qualify as regulatory Additional Tier 1 (AT1) capital securities.

The securities can be issued by SBI directly, or by any of its branches outside India.

RATINGS RATIONALE

The rating is positioned three notches below the banks adjusted baseline credit assessment (BCA) of ba1, in accordance with Moodys standard notching guidance for contractual non-viability preferred securities with an optional, non-cumulative distribution-skip mechanism.

The three-notch difference from the adjusted BCA reflects the probability of impairment associated with non-cumulative coupon suspension, as well as the likelihood of high loss severity when the bank reaches the point of non-viability.

Under the terms and conditions, the principal and any accrued but unpaid distributions on these capital securities would be written down, partially or in full, when SBIs group or solo common equity tier 1 (CET1) ratio is at or below the 5.5% prior to March 31, 2019, and 6.125% from and including March 31, 2019. In such a scenario, the write-off may be temporary and the amount written-off could be reinstated subject to RBIs conditions.

While the CET1 trigger event threshold is higher than the global standard, Moodys does not consider these securities to be high trigger contingent capital securities, as the broad principle of loss absorption is at the point of non-viability and not in advance of a bank failure. In this regard, the ratings of the AT1 securities are notched from SBIs adjusted BCA.

Loss absorption will also be triggered in the event that the RBI notifies the bank that without such write-off, the bank would become non-viable, or if the RBI decides to make a public sector capital injection without which the bank would become nonviable. Additionally, such loss absorption will be triggered if RBI or any other relevant authority decides to reconstitute or amalgamate the bank with another bank. In such scenarios, the write-down will be permanent.

Furthermore, SBI, as a going concern, may choose not to pay interest on these securities on a non-cumulative basis. As such, the distributions on these capital securities are fully discretionary. However, a common share dividend stopper applies if a distribution is missed.

These securities are senior to common shareholders and perpetual non-cumulative preference shareholders, but junior to all depositors, general creditors, and holders of subordinated debt of SBI, other than any subordinated debt that qualifies as Additional Tier 1 capital. These securities rank pari passu with any other debt instruments classified as Additional Tier 1 Capital under the RBI Guidelines and with any subordinated obligation that was eligible for inclusion in hybrid Tier 1 capital under the then prevailing Basel II guidelines.

While SBI is majority-owned by the Indian government (Baa3 Positive), we do not assume that AT1 securities will receive extraordinary government support, as these are designed to absorb losses at the point of non-viability.

What Could Change The Ratings Up/Down

The ratings of the AT1 securities are notched from SBIs adjusted BCA. As such, the ratings of the securities will be upgraded or downgraded if SBIs BCA is revised upwards or downwards.

SBIs BCA is unlikely to be revised upwards in the next 12-18 months, because asset quality deterioration in recent years has put pressure on its credit profile.

SBIs BCA could face downward pressure if: (1) its NPL ratio increases substantially from current levels; and/or (2) if its core earnings fall, impacting its ability to support an increase in credit costs.

SBIs deposit ratings and ratings of senior unsecured debt could be upgraded if Indias sovereign rating of Baa3 is upgraded.

Additionally, any indications that support from the Government of India (Baa3 positive) has diminished or that additional capital requirements may arise beyond the governments budgeted amount could put the banks ratings under pressure.

Any downward changes in the sovereigns ceilings could also affect the banks ratings.

Powered by Capital Market - Live News

Maruti Suzuki Indias Vitara Brezza achieves sales milestone
Mar 02,2017

Maruti Suzuki India announced that Vitara Brezza has crossed one lakh cumulative sales milestone in the domestic market.

Powered by Capital Market - Live News

Maruti Suzuki Indias Vitara Brezza achieves sales milestone
Mar 02,2017

Maruti Suzuki India announced that Vitara Brezza has crossed one lakh cumulative sales milestone in the domestic market.

Powered by Capital Market - Live News

Trigyn Tech surges after securing contract from Maryland IT dept
Mar 02,2017

The announcement was made after market hours yesterday, 1 March 2017.

Meanwhile, the S&P BSE Sensex was up 145.03 points or 0.5% at 29,129.52.

On the BSE, 9,685 shares were traded on the counter so far as against the average daily volumes of 41,453 shares in the past one quarter. The stock had hit a high of Rs 114.85 and a low of Rs 114.40 so far during the day.

The stock had hit a 52-week high of Rs 140.60 on 8 June 2016 and a 52-week low of Rs 48.60 on 29 February 2016. It had outperformed the market over the past one month till 1 March 2017, gaining 5.96% compared with the Sensexs 3% rise. The scrip had, however, underperformed the market over the past one quarter, advancing 8.16% as against the Sensexs 9.13% rise.

The small-cap company has equity capital of Rs 29.74 crore. Face value per share is Rs 10.

Trigyn Technologies, Inc, a wholly-owned subsidiary of Trigyn Technologies has been awarded a 12-year indefinite quantity fixed price & time & materials, consulting & technical services IT contract by the State of Marylands Department of Information Technology.

The contract award covers functional areas, which include, enterprise service provider, web & internet services, electronic document management, geographical information systems, software engineering, systems/facilities management and maintenance, information system security, application service provider, IT & telecommunications financial & auditing consulting services, IT management consulting services, business process consulting services, electronic benefits transfer, media & training center support and documentation/technical writing. The functional areas include 114 labor categories.

On a consolidated basis, Trigyn Technologies net profit fell 22.38% to Rs 8.08 crore on 0.71% growth in net sales to Rs 170.06 crore in Q3 December 2016 over Q2 September 2016.

Trigyn Technologies is an IT firm providing custom software solutions, managed services, staff augmentation and consulting services to clients in 16 countries across Asia, North America, Europe, and Africa.

Powered by Capital Market - Live News

Bajaj Auto edges higher after posting tiny rise in February sales
Mar 02,2017

The announcement was made during market hours today, 2 March 2017.

Meanwhile, the S&P BSE Sensex was up 130.67 points or 0.45% at 29,115.16.

On the BSE, 5,604 shares were traded on the counter so far as against the average daily volumes of 16,483 shares in the past one quarter. The stock had hit a high of Rs 2,812.75 and a low of Rs 2,790 so far during the day.

The stock had hit a record high of Rs 3,122 on 9 September 2016 and a 52-week low of Rs 2,173.40 on 29 February 2016. It had underperformed the market over the past one month till 1 March 2017, sliding 2.93% compared with the Sensexs 3% rise. The scrip had also underperformed the market over the past one quarter, rising 3.27% as against the Sensexs 9.13% rise.

The large-cap company has equity capital of Rs 289.37 crore. Face value per share is Rs 10.

Bajaj Autos domestic sales fell 8% to 1.59 lakh units in February 2017 over February 2016. Exports rose 16% to 1.14 lakh units in February 2017 over February 2016.

On a consolidated basis, Bajaj Autos net profit fell 5.3% to Rs 976.82 crore on 8.6% decline in net sales to Rs 4975.56 crore in Q3 December 2016 over Q3 December 2015.

Bajaj Auto is one of the leading two-and three-wheeler manufacturers in India.

Powered by Capital Market - Live News

Mixed finish for bullions
Mar 02,2017

Bullion metals ended in a mixed note on Wednesday, 01 March 2017. Gold fell on Wednesday for a second straight session, as strength in the dollar, a rally in U.S. equities, and rising expectations for a March interest-rate hike by the Federal Reserve pushed futures to their lowest finish in a week.

Gold for April delivery fell $3.90, or 0.3%, to settle at $1,250 an ounce. Prices had posted a gain of roughly 3.5% for the month of February.

Silver for May delivery rose 2 cents, or 0.1%, to $18.489 an ounce.

Shortly after the Fed Beige Book release on Wednesday, which came after futures prices settled, gold fell further to $1,247.50 in electronic trading.

The Beige Book, a collection of anecdotes about the economy gathered before the central bank makes interest-rate decision, showed that the spike in business optimism following the presidential election has cooled a bit.

Economic data released early Wednesday, was mostly upbeat, with a rise in the ISM manufacturing index to its best level in more than two years. That helped lift the dollar, as the ICE U.S. Dollar Index moved up by 0.5%.

Commodities priced in dollars often trade inversely to the U.S. currency, as moves in the dollar can influence the attractiveness of those commodities to holders of other currencies. Gold doesnt pay interest, and in times of higher interest rates, currencies like the dollar appear more attractive to investors.

On Wall Street on Wednesday, benchmark equities indices reached record levels as investors welcomed Trumps conciliatory tone during his address to Congress late Tuesday, drawing even more investor attention away from gold.

Powered by Capital Market - Live News

Hero MotoCorp inches up after reporting monthly two-wheeler sales
Mar 02,2017

The announcement was made after market hours yesterday, 1 March 2017.

Meanwhile, the S&P BSE Sensex was up 122.47 points or 0.42% at 29,106.96.

On the BSE, 5,115 shares were traded on the counter so far as against the average daily volumes of 25,805 shares in the past one quarter. The stock had hit a high of Rs 3,221.90 and a low of Rs 3,191.05 so far during the day.

The stock had hit a record high of Rs 3,739.90 on 8 September 2016 and a 52-week low of Rs 2,473.85 on 29 February 2016. It had underperformed the market over the past one month till 1 March 2017, sliding 3.05% compared with the Sensexs 3% rise. The scrip had also underperformed the market over the past one quarter, advancing 0.18% as against the Sensexs 9.13% rise.

The large-cap company has equity capital of Rs 39.94 crore. Face value per share is Rs 2.

Hero MotoCorp reported a 4.75% drop in total two-wheeler sales at 5.24 lakh units in 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.

Following the demonetisation initiative of the government in November, Hero immediately installed and activated POS machines at its retail outlets and also rolled out several other effective initiatives to enable cashless transactions, including innovative and consumer friendly financing schemes.

With improvement in the currency situation and in the consumer sentiment, Heros volumes are gradually picking up, the company said in a statement.

Hero MotoCorps net profit fell 2.7% to Rs 772.05 crore on 12.1% decline in net sales to Rs 6245.90 crore in Q3 December 2016 over Q3 December 2015.

Hero MotoCorp is the worlds largest two-wheeler manufacturer in terms of production capacity. The company has six manufacturing plants, including five in India including Dharuhera, Gurgaon, Haridwar, Neemrana and Halol and one in Colombia.

Powered by Capital Market - Live News

Rane Engine Valve announces change in website
Mar 02,2017

Rane Engine Valve announced that the Company website has changed to www.ranegroup.com.

Powered by Capital Market - Live News

Rane Holding announces new website
Mar 02,2017

Rane Holding announced change in website to new address - www.ranegroup.com

Powered by Capital Market - Live News

Lupin advances after launching generic scalp solution in US
Mar 02,2017

The announcement was made after market hours yesterday, 1 March 2017.

Meanwhile, the S&P BSE Sensex was up 105.37 points or 0.36% at 29,104.30.

On the BSE, 11,390 shares were traded on the counter so far as against the average daily volumes of 71,234 shares in the past one quarter. The stock had hit a high of Rs 1,481.95 and a low of Rs 1,472.60 so far during the day.

The stock had hit a 52-week high of Rs 1,874.30 on 14 March 2016 and a 52-week low of Rs 1,294.05 on 29 March 2016. It had underperformed the market over the past one month till 1 March 2017, sliding 0.18% compared with the Sensexs 3% rise. The scrip had also underperformed the market over the past one quarter, declining 2.89% as against the Sensexs 9.13% rise.

The large-cap company has equity capital of Rs 90.31 crore. Face value per share is Rs 2.

Lupin announced that it has launched its Clobetasol Propionate Topical Solution USP, 0.05% having received an approval from the United States Food and Drug Administration (FDA) earlier to market a generic version of Fougera Pharmaceuticals Temovate (clobetasol propionate) Scalp Application, 0.05% in the US.

Lupins Clobetasol Propionate Topical Solution USP, 0.05% is an AT rated generic equivalent of Fougera Pharmaceuticals Temovate (clobetasol propionate) Scalp Application, 0.05%. It is indicated for short-term topical treatment of inflammatory and pruritic manifestations of moderate to severe corticosteroid-responsive dermatoses of the scalp.

Temovate Clobetasol Propionate Scalp Application had annual US sales of $64.1 million as per IMS MAT December 2016.

Lupins consolidated net profit rose 20.7% to Rs 633.11 crore on 31.5% increase in net sales to Rs 4404.94 crore in Q3 December 2016 over Q3 December 2015.

Lupin is an innovation led transnational pharmaceutical company developing and delivering a wide range of branded & generic formulations, biotechnology products and active pharmaceutical ingredients (APIs) globally. The company is a significant player in the cardiovascular, diabetology, asthma, pediatric, CNS, GI, anti-infective and NSAID space and holds global leadership position in the anti-TB segment.

Powered by Capital Market - Live News

Eicher Motors edges higher after decent sales growth in February
Mar 02,2017

The announcement was made after market hours yesterday, 1 March 2017.

Meanwhile, the S&P BSE Sensex was up 95.99 points or 0.33% at 29,080.48.

On the BSE, 358 shares were traded on the counter so far as against the average daily volumes of 5,558 shares in the past one quarter. The stock had hit a high of Rs 24,019.95 and a low of Rs 23,800 so far during the day.

The stock had hit a record high of Rs 26,601.95 on 29 September 2016 and a 52-week low of Rs 17,906.80 on 18 March 2016. It had underperformed the market over the past one month till 1 March 2017, sliding 1.23% compared with the Sensexs 3% rise. The scrip had also underperformed the market over the past one quarter, advancing 6.91% as against the Sensexs 9.13% rise.

The large-cap company has equity capital of Rs 27.21 crore. Face value per share is Rs 10.

VE Commercial Vehicles is an unlisted subsidiary of Eicher Motors.

Eicher Motors during market hours yesterday, 1 March 2017, said its total motorcycles sales rose 19% to 58,439 units in February 2017 over February 2016. Exports grew by 7% to 1,702 units in February 2017 over February 2016.

Shares of Eicher Motors had fallen 6.03% in the preceding five trading sessions to settle at Rs 23,712 yesterday, 1 March 2017, from its closing price of Rs 25,234.45 on 21 February 2017, inline with a broader weakness in the S&P BSE Auto index.

On a consolidated basis, Eicher Motors net profit surged 50.03% to Rs 418.19 crore on 42.8% growth in net sales to Rs 1828.29 crore in Q3 December 2016 over Q3 December 2015.

Eicher Motors (EML) owns the iconic Royal Enfield motorcycle business, which leads the premium motorcycle segment in India. EMLs joint venture with the Volvo group, VE Commercial Vehicles (VECV) designs, manufactures and markets reliable, fuel-efficient trucks and buses.

Powered by Capital Market - Live News