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

Majesco consolidated net profit declines 36.07% in the December 2016 quarter
Feb 01,2017

Net profit of Majesco declined 36.07% to Rs 5.07 crore in the quarter ended December 2016 as against Rs 7.93 crore during the previous quarter ended December 2015. Sales rose 4.84% to Rs 202.26 crore in the quarter ended December 2016 as against Rs 192.92 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales202.26192.92 5 OPM %5.79-1.39 - PBDT13.54-2.54 LP PBT6.64-6.72 LP NP5.077.93 -36

Powered by Capital Market - Live News

Grindwell Norton consolidated net profit rises 11.12% in the December 2016 quarter
Feb 01,2017

Net profit of Grindwell Norton rose 11.12% to Rs 26.97 crore in the quarter ended December 2016 as against Rs 24.27 crore during the previous quarter ended December 2015. Sales rose 15.41% to Rs 311.77 crore in the quarter ended December 2016 as against Rs 270.15 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales311.77270.15 15 OPM %14.1015.61 - PBDT52.8047.10 12 PBT42.5336.55 16 NP26.9724.27 11

Powered by Capital Market - Live News

Apollo Tyres consolidated net profit rises 5.98% in the December 2016 quarter
Feb 01,2017

Net profit of Apollo Tyres rose 5.98% to Rs 295.70 crore in the quarter ended December 2016 as against Rs 279.02 crore during the previous quarter ended December 2015. Sales rose 16.91% to Rs 3435.17 crore in the quarter ended December 2016 as against Rs 2938.37 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales3435.172938.37 17 OPM %14.5417.32 - PBDT508.34498.21 2 PBT394.87391.71 1 NP295.70279.02 6

Powered by Capital Market - Live News

Mahamaya Steel Industries reports standalone net profit of Rs 0.80 crore in the December 2016 quarter
Feb 01,2017

Net profit of Mahamaya Steel Industries reported to Rs 0.80 crore in the quarter ended December 2016 as against net loss of Rs 6.37 crore during the previous quarter ended December 2015. Sales declined 29.71% to Rs 56.12 crore in the quarter ended December 2016 as against Rs 79.84 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales56.1279.84 -30 OPM %7.68-3.38 - PBDT2.61-4.71 LP PBT0.94-6.44 LP NP0.80-6.37 LP

Powered by Capital Market - Live News

Eicher Motors standalone net profit rises 64.50% in the December 2016 quarter
Feb 01,2017

Net profit of Eicher Motors rose 64.50% to Rs 415.19 crore in the quarter ended December 2016 as against Rs 252.40 crore during the previous quarter ended December 2015. Sales rose 42.72% to Rs 1827.12 crore in the quarter ended December 2016 as against Rs 1280.23 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales1827.121280.23 43 OPM %31.9028.36 - PBDT641.10397.17 61 PBT605.62365.09 66 NP415.19252.40 64

Powered by Capital Market - Live News

Apollo Tyres standalone net profit rises 0.07% in the December 2016 quarter
Feb 01,2017

Net profit of Apollo Tyres rose 0.07% to Rs 185.46 crore in the quarter ended December 2016 as against Rs 185.33 crore during the previous quarter ended December 2015. Sales rose 1.86% to Rs 2178.26 crore in the quarter ended December 2016 as against Rs 2138.51 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales2178.262138.51 2 OPM %14.8017.19 - PBDT322.66354.05 -9 PBT255.11285.03 -10 NP185.46185.33 0

Powered by Capital Market - Live News

Eicher Motors consolidated net profit rises 50.04% in the December 2016 quarter
Feb 01,2017

Net profit of Eicher Motors rose 50.04% to Rs 418.19 crore in the quarter ended December 2016 as against Rs 278.72 crore during the previous quarter ended December 2015. Sales rose 42.81% to Rs 1828.29 crore in the quarter ended December 2016 as against Rs 1280.23 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales1828.291280.23 43 OPM %31.5627.94 - PBDT635.06391.88 62 PBT599.47359.80 67 NP418.19278.72 50

Powered by Capital Market - Live News

Team Lease Services completes acquisition of Keystone Business Solutions
Feb 01,2017

Team Lease Services announced that as on 31 January 2017 all the conditions precedent to closing have been fulfilled and the Control of Keystone Business Solutions has been transferred to the Companys wholly owned subsidiary i.e. TeamLease Staffing Services with effect from 01 February 2017. Pursuant to this, Keystone becomes the Companys stepdown wholly owned subsidiary.

Powered by Capital Market - Live News

MOIL appoints director
Feb 01,2017

MOIL announced that Government of India vide letter dated 31 January 2017 have appointed Sunanda Prasad as Non-Official Independent Director on the Board Moil for a period of three years from the date of notification of her appointment, or till further orders whichever is earlier.

Powered by Capital Market - Live News

NHPC shuts down Chamera-lll (3 X 77) 231 MW Power Station in Himachal Pradesh
Feb 01,2017

NHPC announced that Chamera-lll (3 X 77) 231 MW Power Station in Himachal Pradesh shall be under complete shutdown w.e.f. 01 February 2017 to 31 March 2017 for rectification of leakage from water conducting system.

Powered by Capital Market - Live News

Tata Motors announces total sales figures
Feb 01,2017

Tata Motors announced that passenger and commercial vehicle total sales in January 2017 stood at 46349 vehicles, a decline of 1% over 47035 vehicles sold on January 2016. Total sales included domestic sales of 41428 vehicles in January 2017, registering flat growth over January 2016. Cumulative sales for the fiscal were at 437842 vehicles, higher by 6% over 411974 vehicles sold last year.

Powered by Capital Market - Live News

Cummins India to pay interim dividend
Feb 01,2017

Cummins India announced that interim dividend will be paid on 01 March 2017.

Powered by Capital Market - Live News

Hikal to pay interim dividend
Feb 01,2017

Hikal announced that interim dividend will be paid to shareholders on 23 February 2017.

Powered by Capital Market - Live News

Board of Hikal declares interim dividend
Feb 01,2017

Hikal announced that the Board of Directors of the Company at its meeting held on 01 February 2017, inter alia, has declared a Interim Dividend for the financial year 2016-17 on Equity Share Capital @ 30% [Rs. 0.60 per equity share, nominal value of Rs. 2/- each].

The Interim Dividend will be paid to the shareholder on 23 February 2017.

Powered by Capital Market - Live News

Hikal fixes record date for interim dividend
Feb 01,2017

Hikal has fixed Record Date as 14 February 2017 to ascertain the shareholders of the Company entitled for the payment of Interim Dividend.

Powered by Capital Market - Live News