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

Milkfood standalone net profit declines 84.62% in the December 2016 quarter
Feb 15,2017

Net profit of Milkfood declined 84.62% to Rs 0.64 crore in the quarter ended December 2016 as against Rs 4.16 crore during the previous quarter ended December 2015. Sales rose 1.48% to Rs 110.73 crore in the quarter ended December 2016 as against Rs 109.11 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales110.73109.11 1 OPM %5.388.68 - PBDT2.975.96 -50 PBT0.644.16 -85 NP0.644.16 -85

Powered by Capital Market - Live News

Reliance Defence and Strata Manufacturing PJSC, UAE sign MoU
Feb 15,2017

Strata Manufacturing PJSC (Strata), the advanced composite aero-structures manufacturing company, wholly owned by Mubadala Development Company, the United Arab Emirates (UAE) and Reliance Defence, a wholly owned subsidiary of Reliance Infrastructure, have signed a Memorandum of Understanding (MoU) to collaborate on advanced aerospace manufacturing capabilities between India and theUAE.

The potential partnership, which follows extensive discussions between the two companies, will look at opportunities in the production of Carbon Fibre Composites Aerostructures, Prepegs as well as 3D printing of aerospace components and airframe panels. This collaboration is in linewith Stratas vision to become one of the top aerospace companies globally.

Powered by Capital Market - Live News

Board of MOIL recommends dividend
Feb 15,2017

MOIL announced that the Board of Directors of the Company at its meeting held on 14 February 2017, inter alia, have recommended the dividend of Rs 5 per equity Share (i.e. 50%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

McNally Bharat Engineering Company to hold board meeting
Feb 15,2017

McNally Bharat Engineering Company will hold a meeting of the Board of Directors of the Company on 17 February 2017, to consider issuance of securities through preferential allotment and determining issue price.

Powered by Capital Market - Live News

Cyient Inc. and ASE S.p.A, Italy collaborate for joint market development of products
Feb 15,2017

ASE S.p.A, a privately owned Italian Company, supplier of electrical power generation and distribution systems to the international aerospace and defence industry, and Cyient Inc. (subsidiary of Cyient) announced a joint go-to-market agreement for joint market development of products in the electric power generation area.

This collaboration is intended to provide full life-cycle services, products and systems to the aerospace and defence industry.

Powered by Capital Market - Live News

Jagran Prakashan provides update on subsidiary, Music Broadcast
Feb 15,2017

Jagran Prakashan announced that Music Broadcast, subsidiary of the Company has commenced broadcast from its Radio Station at Madhurai (which was acquired under Phase III auctions held last financial year).

The frequency for Madhurai location is 91.9 F.M.

Powered by Capital Market - Live News

Centum Electronics revises record date for interim dividend
Feb 15,2017

Centum Electronics has fixed 23 February 2017 as the Revised Record Date for the purpose of Payment of Interim Dividend.

Powered by Capital Market - Live News

Vyapar Industries to hold board meeting
Feb 15,2017

Vyapar Industries will hold a meeting of the Board of Directors of the Company on 17 February 2017, to consider the proposal for buyback of equity shares of the Company, quantum & mode of buyback, constitution of buyback committee, Record Date for the purpose of buyback, appointment of intermediaries and other matters incidental thereto;

Powered by Capital Market - Live News

Ind-Ra: CE Loan Delinquencies to Abate in FY18; Full Recovery for Tractor Loans to Take Longer
Feb 15,2017

India Ratings and Research (Ind-Ra) has taken the following actions on the outlooks for the following underlying asset classes, primarily a part of the ABS and RMBS transactions, in its rated portfolio for FY18: 
 Asset Class OutlookFY17FY18ActionCommercial vehicle loansStableStable to NegativeRevisedLoans against propertyStableStable to NegativeRevisedTractor loansNegativeStable to NegativeRevisedConstruction equipment loans (CE)NegativeStableRevisedMicrofinance loans*-Stable to NegativeAssignedResidential mortgage loansStableStableMaintained

* This sector was not included in the FY17 outlook report.

The agency has revised the outlook on commercial vehicle loans to stable to negative for FY18 from stable for FY17. The agency believes that the combined effect of the marginal 0.4% yoy growth in industrial activity and 8% increase in diesel price without a similar improvement in freight rates over April to November 2016 will stall the asset quality recovery process, which has been made more uncertain because of demonetisation.

The agency has revised the outlook on the loans against property segment to stable to negative for FY18 from stable in FY17. The agency expects that the prevailing slowdown in property prices with high levels of existing inventory and the pressure to move towards a formal business model will continue to weigh on small and medium enterprises, increasing asset quality pressures for them. Also, the larger share of high ticket size collateral (above INR10 million) on the books of non-banking finance companies, which forms a small component of sales in most cities (and hence illiquid collateral), would render achieving recovery difficult, if there is a spike in default rates.

The agency has revised the outlook on tractor loans to stable to negative for FY18 from stable in FY17. The prospect of a strong agricultural production output in 2017 amid a healthy monsoon in 2016 is likely to provide respite to tractor loan borrowers. Also, budgetary support to farm income as announced in the Union Budget 2017-2018 and the average 16% hike in minimum support price for food grains in FY17 YTD (the highest in last five years), blunted to some extent by the hike in diesel prices, would support asset quality improvement. However, high peak defaults reached in the agencys tractor loan portfolio in the last 12 months may not ease swiftly, considering the abrupt cash shortage in the farm sector post demonetisation and with revival expected to be synchronised with future crop cycles.

The agency has revised the outlook on CE loans to stable for FY18 from negative in FY17. Ind-Ra expects the 21% and 24% yoy growth in infrastructure spending in FY16 and FY17, respectively, to mark FY18 as a turnaround year for CE loans. The peak 90+dpd delinquency rate of Ind-Ra rated CE loan portfolio for 2014 vintage was 4% within three years from issuance i.e. a 28% reduction relative to the average peak 90+ dpd delinquency rates of 5.6% for the loans of the 2012 and 2013 vintages.

The agency has assigned a stable to negative outlook on microfinance loans for FY18. Ind-Ra expects that the marginal increase in agri and non-agri based rural wages in FY17 shall provide limited boost to MFI (microfinance institutions) borrowers income, because of growing borrower leverage and hence it is likely to cause asset quality issues. A temporary surge in weighted average delinquencies to 3.45% (0+dpd) in November 2016 for all Ind-Ra rated MFI pools on account of demonetisation would stabilise with improving re-monetisation. However, demonetisation and other local incidents from time-to-time prove that MFI borrowers would continue to be highly subject to idiosyncratic stress.

Ind-Ra rated structured finance transactions including ABS and RMBS, however, are likely to show a stable performance in FY18. Key factors driving the stable outlook include lower actual delinquencies on the underlying asset pool than the agencys initial estimates. Additionally, with higher pool amortisation and original credit enhancement remaining intact, credit enhancement cover shall increase for the outstanding transactions.

Powered by Capital Market - Live News

Panacea Biotec drops after weak Q3 result
Feb 15,2017

Net sales declined 33.97% to Rs 99.33 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 14 February 2017.

Meanwhile, the BSE Sensex was down 183.75 points, or 0.65%, to 28,155.56

On the BSE, so far 59,000 shares were traded in the counter, compared with average daily volumes of 32,808 shares in the past one quarter. The stock had hit a high of Rs 145 and a low of Rs 129 so far during the day. The stock hit a 52-week high of Rs 178.30 on 27 January 2017. The stock hit a 52-week low of Rs 85.50 on 26 May 2016.

The small-cap company has equity capital of Rs 6.13 crore. Face value per share is Re 1.

Panacea Biotec is one of Indias leading research based biotechnology companies with established research, manufacturing and marketing capabilities.

Powered by Capital Market - Live News

Board of Spectra Industries appoints company secretary and compliance officer
Feb 15,2017

Spectra Industries announced that the Board of Directors of the Company at its meeting held on 14 February 2017 has approved the appointment of Ruchita Shah as the Company Secretary and Compliance Officer of the Company.

Powered by Capital Market - Live News

Board of Ritesh Properties & Industries approves appointment of directors
Feb 15,2017

Ritesh Properties & Industries announced that the Board of Directors of the Company at its meeting held on 14 February 2017 has approved the appointment of Virinder Jit Singh as Whole Time Director with effect from 14 February 2017 and appointment of Rohit Kumar Maggu as an Independent Director with effect from 14 February 2017.

Powered by Capital Market - Live News

Cox & Kings declines after poor Q3 results
Feb 15,2017

The result was announced after market hours yesterday, 14 February 2017.

Meanwhile, the BSE Sensex was down 186.45 points, or 0.66%, to 28,152.86.

On the BSE, so far 57,000 shares were traded in the counter, compared with average daily volumes of 94,427 shares in the past one quarter. The stock had hit a high of Rs 195.80 and a low of Rs 185 so far during the day.

The stock hit a 52-week high of Rs 242 on 19 September 2016. The stock hit a 52-week low of Rs 140.50 on 17 February 2016.

The mid-cap company has equity capital of Rs 88.28 crore. Face value per share is Rs 5.

On 1 December 2015, Cox & Kings had sold Explore Worldwide, a subsidiary of Holidaybreak for GBP 25.8 million. This sale had resulted in a goodwill write off of Rs 59.03 crore and profit on sale of Rs 228.65 crore, shown under exceptional items for quarter and nine months ended 31 December 2015. Due to this sale the figures of quarter and nine months ended 31 December 2016 are not comparable.

Cox & Kings (C&K) is a leading leisure and education travel group with operations in 22 countries across 4 continents. C&K operates n++n three key verticals: leisure, education and hybrid hotels.

Powered by Capital Market - Live News

Board of ICVL Steels approves change in company name
Feb 15,2017

ICVL Steels announced that the Board of Directors of the Company at its meeting held on 15 February 2017 has approved change in name of the Company from ICVL Steels to Supremex Shine Steel and consequential alteration in the Memorandum of Association and Articles of Association of the Company, subject to approval of shareholders of the Company.

Powered by Capital Market - Live News

Board of Shilpa Medicare accepts resignation of director
Feb 15,2017

Shilpa Medicare announced that the board has approved the resignation of Venugopal Loya, Independent Director of the Company with effect from 14 February 2017.

Powered by Capital Market - Live News