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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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Hinduja Global Solutions standalone net profit declines 30.28% in the September 2016 quarter
Nov 10,2016

Net profit of Hinduja Global Solutions declined 30.28% to Rs 24.04 crore in the quarter ended September 2016 as against Rs 34.48 crore during the previous quarter ended September 2015. Sales rose 16.27% to Rs 388.59 crore in the quarter ended September 2016 as against Rs 334.21 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales388.59334.21 16 OPM %14.6320.88 - PBDT56.0372.81 -23 PBT35.8653.71 -33 NP24.0434.48 -30

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Aaswa Trading and Exports reports standalone nil net profit/loss in the September 2016 quarter
Nov 10,2016

Aaswa Trading and Exports reported no net profit/loss in the quarter ended September 2016 as against net loss of Rs 0.04 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 and during the previous quarter ended September 2015.

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Ceenik Exports (India) reports standalone net loss of Rs 0.31 crore in the September 2016 quarter
Nov 10,2016

Net Loss of Ceenik Exports (India) reported to Rs 0.31 crore in the quarter ended September 2016 as against net loss of Rs 0.06 crore during the previous quarter ended September 2015. Sales declined 27.11% to Rs 2.77 crore in the quarter ended September 2016 as against Rs 3.80 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.773.80 -27 OPM %14.8016.58 - PBDT-0.060.19 PL PBT-0.31-0.06 -417 NP-0.31-0.06 -417

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Intense Technologies reports standalone net profit of Rs 6.02 crore in the September 2016 quarter
Nov 10,2016

Net profit of Intense Technologies reported to Rs 6.02 crore in the quarter ended September 2016 as against net loss of Rs 4.43 crore during the previous quarter ended September 2015. Sales rose 200.94% to Rs 19.20 crore in the quarter ended September 2016 as against Rs 6.38 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales19.206.38 201 OPM %36.15-71.63 - PBDT7.02-4.08 LP PBT6.72-4.43 LP NP6.02-4.43 LP

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Poly Medicure standalone net profit declines 1.43% in the September 2016 quarter
Nov 10,2016

Net profit of Poly Medicure declined 1.43% to Rs 12.43 crore in the quarter ended September 2016 as against Rs 12.61 crore during the previous quarter ended September 2015. Sales rose 3.73% to Rs 103.21 crore in the quarter ended September 2016 as against Rs 99.50 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales103.2199.50 4 OPM %22.2520.78 - PBDT23.5622.14 6 PBT18.0417.19 5 NP12.4312.61 -1

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Shyam Telecom reports standalone net loss of Rs 0.09 crore in the September 2016 quarter
Nov 10,2016

Net Loss of Shyam Telecom reported to Rs 0.09 crore in the quarter ended September 2016 as against net loss of Rs 4.11 crore during the previous quarter ended September 2015. Sales declined 96.60% to Rs 2.33 crore in the quarter ended September 2016 as against Rs 68.49 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.3368.49 -97 OPM %-6.87-7.50 - PBDT0.03-5.08 LP PBT-0.08-5.19 98 NP-0.09-4.11 98

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Hinduja Global Solutions consolidated net profit rises 19.51% in the September 2016 quarter
Nov 10,2016

Net profit of Hinduja Global Solutions rose 19.51% to Rs 37.42 crore in the quarter ended September 2016 as against Rs 31.31 crore during the previous quarter ended September 2015. Sales rose 14.73% to Rs 905.24 crore in the quarter ended September 2016 as against Rs 788.99 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales905.24788.99 15 OPM %10.6510.82 - PBDT86.6079.91 8 PBT49.2347.32 4 NP37.4231.31 20

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Kayel Securities standalone net profit declines 60.00% in the September 2016 quarter
Nov 10,2016

Net profit of Kayel Securities declined 60.00% to Rs 0.02 crore in the quarter ended September 2016 as against Rs 0.05 crore during the previous quarter ended September 2015. Sales remain constant at Rs 0.07 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.070.07 0 OPM %57.1471.43 - PBDT0.040.05 -20 PBT0.040.05 -20 NP0.020.05 -60

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Fredun Pharmaceuticals standalone net profit rises 1550.00% in the September 2016 quarter
Nov 10,2016

Net profit of Fredun Pharmaceuticals rose 1550.00% to Rs 0.33 crore in the quarter ended September 2016 as against Rs 0.02 crore during the previous quarter ended September 2015. Sales rose 70.35% to Rs 10.34 crore in the quarter ended September 2016 as against Rs 6.07 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales10.346.07 70 OPM %10.6410.38 - PBDT0.570.23 148 PBT0.340.09 278 NP0.330.02 1550

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Suncity Synthetics standalone net profit rises 9.09% in the September 2016 quarter
Nov 10,2016

Net profit of Suncity Synthetics rose 9.09% to Rs 0.12 crore in the quarter ended September 2016 as against Rs 0.11 crore during the previous quarter ended September 2015. Sales rose 27.74% to Rs 11.19 crore in the quarter ended September 2016 as against Rs 8.76 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales11.198.76 28 OPM %7.3311.53 - PBDT0.570.58 -2 PBT0.120.11 9 NP0.120.11 9

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Oracle Financial Services Software consolidated net profit rises 4.39% in the September 2016 quarter
Nov 10,2016

Net profit of Oracle Financial Services Software rose 4.39% to Rs 291.85 crore in the quarter ended September 2016 as against Rs 279.58 crore during the previous quarter ended September 2015. Sales rose 7.16% to Rs 1065.29 crore in the quarter ended September 2016 as against Rs 994.14 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1065.29994.14 7 OPM %35.9740.50 - PBDT411.65458.27 -10 PBT393.49445.25 -12 NP291.85279.58 4

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Usha Martin Education & Solutions reports consolidated net loss of Rs 0.24 crore in the September 2016 quarter
Nov 10,2016

Net Loss of Usha Martin Education & Solutions reported to Rs 0.24 crore in the quarter ended September 2016 as against net loss of Rs 0.76 crore during the previous quarter ended September 2015. Sales rose 70.59% to Rs 0.58 crore in the quarter ended September 2016 as against Rs 0.34 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.580.34 71 OPM %-22.41-202.94 - PBDT-0.19-0.70 73 PBT-0.24-0.76 68 NP-0.24-0.76 68

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Pidilite Industries nudges higher after decent Q2 outcome
Nov 10,2016

The result was announced after market hours yesterday, 9 November 2016.

Meanwhile, the S&P BSE Sensex was up 463.39 points or 1.7% at 27,715.92.

On BSE, so far 14,000 shares were traded in the counter as against average daily volume of 39,000 shares in the past two weeks. The stock was volatile. The stock rose as much as 3.79% at the days high of Rs 702 so far during the day. The stock was up 0.39% at the days low of Rs 679 so far during the day. The stock had hit a record high of Rs 769.50 on 29 July 2016. The stock had hit a 52-week low of Rs 521.05 on 14 December 2015. The stock had underperformed the market over the past one month till 9 November 2016, sliding 5.9% compared with 2.88% fall in the Sensex. The scrip had also underperformed the market in past one quarter, declining 6.57% as against Sensexs 2.96% fall.

The large-cap company has equity capital of Rs 51.27 crore. Face value per share is Rs 1.

Bharat Puri, Managing Director, Pidilite Industries, commented that in the context of continued challenging market conditions, the company delivered steady sales volume growth. It continues to focus on growing its core categories through appropriate investment and driving operational efficiencies, Puri said.

Pidilite Industries is a leading manufacturer of adhesives and sealants, construction chemicals, craftsmen products, DIY (Do-It-Yourself) products and polymer emulsions in India.

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Board of Odyssey Technologies approves shifting of registered office
Nov 10,2016

The Board of Directors of Odyssey Technologies at their meeting held on 09 November 2016 approved shifting of registered office of the Company to 5th floor, Dowlath Towers, 63, Taylors Road, Kilpauk, Chennai - 600 010 with effect from 01 December 2016.

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DCM Shriram lights up after commissioning additional captive power generation at plant
Nov 10,2016

The announcement was made after market hours yesterday, 9 November 2016.

Meanwhile, the BSE Sensex was up 357.32 points, or 1.31%, to 27,609.85.

On BSE, so far 9,108 shares were traded in the counter, compared with an average volume of 35,871 shares in the past one quarter. The stock hit a high of Rs 245 and a low of Rs 227.30 so far during the day. The stock hit a record high of Rs 286.45 on 25 October 2016. The stock hit a 52-week low of Rs 107 on 12 February 2016. The stock outperformed the market over the past one month till 9 November 2016, rising 0.81% compared with the Sensexs 2.88% fall. The scrip however underperformed the market in past one quarter, declining 5.16% as against the Sensexs 2.96% decline.

The mid-cap company has an equity capital of Rs 32.48 crore. Face value per share is Rs 2.

DCM Shriram said that the total coal based captive power generation at the Bharuch, Gujarat unit now stands at 115 megawatts (MW). The increased power generation capacity will meet the power requirements of its chloro-alkali unit at Bharuch, Gujarat wherein the expansion of chlor-alkali capacity to 1,013 tonnes per day (TPD) was completed in October 2016.

On a consolidated basis, DCM Shrirams net profit rose 48% to Rs 91.50 crore on 4% drop in net sales to Rs 1358.63 crore in Q2 September 2016 over Q2 September 2015.

DCM Shrirams business portfolio comprises primarily of two types of businesses: agri-rural business and chlor-vinyl business.

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