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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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Gravity grips IT stocks
May 29,2017

Tech Mahindra (down 11.94%), Larsen & Toubro Infotech (down 2.56%), L&T Technology Services (down 1.32%), Infosys (down 1.81%), TCS (down 0.44%), Wipro (down 1.35%), Persistent Systems (down 0.64%) and Hexaware Technologies (down 1.77%) edged lower.

HCL Technologies (up 0.14%), MindTree (up 0.06%), Oracle Financial Services Software (up 1.25%) and MphasiS (up 0.34%) edged higher.

The S&P BSE IT index was down 168.34 points, or 1.62% at 10,230.73. It underperformed the S&P BSE Sensex, which was up 47.19 points, or 0.15% at 31,075.40.

The S&P BSE IT index had outperformed the market over the past one month till 26 May 2017, rising 7.37% compared with 2.97% rise in the Sensex. The index, however, underperformed the market in past one quarter, gaining 0.2% as against Sensexs 7.39% gains.

IT stocks declined as investors sentiment for the sector dampened after Tech Mahindra reported weak Q4 earnings.

Tech Mahindras consolidated net profit dropped 31.2% to Rs 588 crore on 0.8% fall in revenue to Rs 7495 crore in Q4 March 2017 over Q3 December 2016. The result was announced after market hours on Friday, 26 May 2017.

Managing Director and CEO of the company CP Gurnani, said that the IT industry is going through a paradigm shift amid changing demand pattern from the clients, technological changes and requirement for significant skill enhancement. The company has responded to these changes proactively by reimagining the business, imbibing a culture of innovation, encouraging reskilling and retraining workforce wherever necessary, he added.

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Lupin allots 30060 equity shares
May 29,2017

Lupin has allotted 30060 fully paid up equity shares of Rs. 2/- each. These shares have been allotted upon exercising of options granted to the employees under Stock option plans of the Company.

In view of the above, the issued and paid up capital of the Company has been increased to Rs. 90,34,02,244 consisting 45,17,01,122 equity shares of Rs. 2/- each.

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Board of City Union Bank approves bonus issue of 1:1
May 29,2017

City Union Bank announced that the Board of Directors of the Bank at its meeting held on 29 May 2017 has approved issue of bonus shares in the ratio 1:1, subject to approval of members of the bank. The Board also declared a dividend of Re 0.30 per equity share, subject to requisite approvals.

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Allied Digital Services reports consolidated net loss of Rs 4.80 crore in the March 2017 quarter
May 29,2017

Net Loss of Allied Digital Services reported to Rs 4.80 crore in the quarter ended March 2017 as against net loss of Rs 3.94 crore during the previous quarter ended March 2016. Sales declined 6.14% to Rs 51.50 crore in the quarter ended March 2017 as against Rs 54.87 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 0.35 crore in the year ended March 2017 as against net profit of Rs 4.17 crore during the previous year ended March 2016. Sales declined 9.18% to Rs 215.30 crore in the year ended March 2017 as against Rs 237.06 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales51.5054.87 -6 215.30237.06 -9 OPM %14.6613.67 -18.9117.37 - PBDT3.85-4.02 LP 26.8727.77 -3 PBT-1.76-9.31 81 5.456.02 -9 NP-4.80-3.94 -22 -0.354.17 PL

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Advanced Enzyme Technologies consolidated net profit declines 15.38% in the March 2017 quarter
May 29,2017

Net profit of Advanced Enzyme Technologies declined 15.38% to Rs 19.80 crore in the quarter ended March 2017 as against Rs 23.40 crore during the previous quarter ended March 2016. Sales rose 6.91% to Rs 86.02 crore in the quarter ended March 2017 as against Rs 80.46 crore during the previous quarter ended March 2016.

For the full year,net profit rose 19.51% to Rs 90.65 crore in the year ended March 2017 as against Rs 75.85 crore during the previous year ended March 2016. Sales rose 12.80% to Rs 331.36 crore in the year ended March 2017 as against Rs 293.76 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales86.0280.46 7 331.36293.76 13 OPM %37.9949.11 -45.4746.83 - PBDT32.0738.37 -16 148.79131.00 14 PBT28.8736.10 -20 136.58122.28 12 NP19.8023.40 -15 90.6575.85 20

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Outcome of board meeting of eDynamics Solutions
May 29,2017

eDynamics Solutions announced that the Board of Directors of the Company at its meeting held on 27 May 2017 have considered and deferred the following proposals -

Increase in Authorised Share Capital and consequent Alteration in the Capital Clause of Memorandum of Association

Issue of equity shares on Preferential Basis and other related matters.

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WEP Solutions consolidated net profit declines 55.56% in the March 2017 quarter
May 29,2017

Net profit of WEP Solutions declined 55.56% to Rs 0.40 crore in the quarter ended March 2017 as against Rs 0.90 crore during the previous quarter ended March 2016. Sales declined 18.00% to Rs 18.91 crore in the quarter ended March 2017 as against Rs 23.06 crore during the previous quarter ended March 2016.

For the full year,net profit declined 62.16% to Rs 0.28 crore in the year ended March 2017 as against Rs 0.74 crore during the previous year ended March 2016. Sales declined 12.06% to Rs 78.50 crore in the year ended March 2017 as against Rs 89.27 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales18.9123.06 -18 78.5089.27 -12 OPM %16.1813.62 -11.909.90 - PBDT3.462.87 21 8.957.49 19 PBT1.181.23 -4 0.961.10 -13 NP0.400.90 -56 0.280.74 -62

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Soni Medicare standalone net profit declines 33.33% in the March 2017 quarter
May 29,2017

Net profit of Soni Medicare declined 33.33% to Rs 0.02 crore in the quarter ended March 2017 as against Rs 0.03 crore during the previous quarter ended March 2016. Sales declined 11.11% to Rs 2.64 crore in the quarter ended March 2017 as against Rs 2.97 crore during the previous quarter ended March 2016.

For the full year,net profit declined 44.44% to Rs 0.10 crore in the year ended March 2017 as against Rs 0.18 crore during the previous year ended March 2016. Sales declined 14.72% to Rs 13.09 crore in the year ended March 2017 as against Rs 15.35 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales2.642.97 -11 13.0915.35 -15 OPM %12.5018.18 -8.027.30 - PBDT0.260.38 -32 0.940.99 -5 PBT0.030.04 -25 0.150.22 -32 NP0.020.03 -33 0.100.18 -44

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Shreeji Dyechem reports standalone net loss of Rs 2.68 crore in the March 2017 quarter
May 29,2017

Net Loss of Shreeji Dyechem reported to Rs 2.68 crore in the quarter ended March 2017 as against net loss of Rs 0.06 crore during the previous quarter ended March 2016. There were no Sales reported in the quarter ended March 2017 and during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 2.72 crore in the year ended March 2017 as against net loss of Rs 0.06 crore during the previous year ended March 2016. There were no Sales reported in the year ended March 2017 and during the previous year ended March 2016.

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SVA India reports standalone net profit of Rs 0.01 crore in the March 2017 quarter
May 29,2017

Net profit of SVA India reported to Rs 0.01 crore in the quarter ended March 2017 as against net loss of Rs 0.17 crore during the previous quarter ended March 2016. Sales declined 17.07% to Rs 0.34 crore in the quarter ended March 2017 as against Rs 0.41 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 0.01 crore in the year ended March 2017 as against net loss of Rs 0.11 crore during the previous year ended March 2016. Sales declined 25.00% to Rs 1.59 crore in the year ended March 2017 as against Rs 2.12 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.340.41 -17 1.592.12 -25 OPM %5.88-41.46 -3.14-2.83 - PBDT0.02-0.16 LP 0.06-0.06 LP PBT0.01-0.17 LP 0.01-0.12 LP NP0.01-0.17 LP 0.01-0.11 LP

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Vaarad Ventures reports standalone net loss of Rs 0.11 crore in the March 2017 quarter
May 29,2017

Net Loss of Vaarad Ventures reported to Rs 0.11 crore in the quarter ended March 2017 as against net loss of Rs 0.19 crore during the previous quarter ended March 2016. There were no Sales reported in the quarter ended March 2017 and during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 0.60 crore in the year ended March 2017 as against net loss of Rs 0.34 crore during the previous year ended March 2016. There were no Sales reported in the year ended March 2017 and during the previous year ended March 2016.

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Blue Cloud Softech Solutions reports standalone nil net profit/loss in the March 2017 quarter
May 29,2017

Blue Cloud Softech Solutions reported no net profit/loss in the quarter ended March 2017 and during the previous quarter ended March 2016. Sales rose 9.09% to Rs 0.36 crore in the quarter ended March 2017 as against Rs 0.33 crore during the previous quarter ended March 2016.

For the full year,net profit remain constant at Rs 0.04 crore in the year ended March 2017 and also during the previous year ended March 2016. Sales rose 50.00% to Rs 1.44 crore in the year ended March 2017 as against Rs 0.96 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.360.33 9 1.440.96 50 OPM %2.783.03 -4.865.21 - PBDT0.010.01 0 0.070.05 40 PBT0.010.01 0 0.050.05 0 NP00 0 0.040.04 0

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Asian Hotels (North) standalone net profit rises 368.98% in the March 2017 quarter
May 29,2017

Net profit of Asian Hotels (North) rose 368.98% to Rs 15.57 crore in the quarter ended March 2017 as against Rs 3.32 crore during the previous quarter ended March 2016. Sales rose 9.46% to Rs 69.41 crore in the quarter ended March 2017 as against Rs 63.41 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 15.61 crore in the year ended March 2017 as against net profit of Rs 3.18 crore during the previous year ended March 2016. Sales rose 4.18% to Rs 251.19 crore in the year ended March 2017 as against Rs 241.12 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales69.4163.41 9 251.19241.12 4 OPM %42.0537.06 -33.0729.54 - PBDT28.198.63 227 -6.18-32.09 81 PBT23.273.18 632 -27.40-54.80 50 NP15.573.32 369 -15.613.18 PL

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Eco Friendly Food Processing Park standalone net profit rises 252.00% in the March 2017 quarter
May 29,2017

Net profit of Eco Friendly Food Processing Park rose 252.00% to Rs 0.88 crore in the quarter ended March 2017 as against Rs 0.25 crore during the previous quarter ended March 2016. Sales rose 26.32% to Rs 2.16 crore in the quarter ended March 2017 as against Rs 1.71 crore during the previous quarter ended March 2016.

For the full year,net profit rose 41.67% to Rs 1.19 crore in the year ended March 2017 as against Rs 0.84 crore during the previous year ended March 2016. Sales declined 2.65% to Rs 3.30 crore in the year ended March 2017 as against Rs 3.39 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales2.161.71 26 3.303.39 -3 OPM %80.0987.72 -87.2795.58 - PBDT1.731.50 15 2.883.24 -11 PBT0.950.38 150 1.260.97 30 NP0.880.25 252 1.190.84 42

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Max Heights Infrastructure reports standalone net profit of Rs 0.35 crore in the March 2017 quarter
May 29,2017

Net profit of Max Heights Infrastructure reported to Rs 0.35 crore in the quarter ended March 2017 as against net loss of Rs 0.30 crore during the previous quarter ended March 2016. Sales declined 23.13% to Rs 2.46 crore in the quarter ended March 2017 as against Rs 3.20 crore during the previous quarter ended March 2016.

For the full year,net profit declined 17.54% to Rs 0.47 crore in the year ended March 2017 as against Rs 0.57 crore during the previous year ended March 2016. Sales declined 22.35% to Rs 4.03 crore in the year ended March 2017 as against Rs 5.19 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales2.463.20 -23 4.035.19 -22 OPM %23.980.31 -20.1018.69 - PBDT0.610 0 0.860.96 -10 PBT0.56-0.05 LP 0.680.82 -17 NP0.35-0.30 LP 0.470.57 -18

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