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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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Rama Paper Mills announces change in corporate office
Nov 10,2016

Rama Paper Mills announced that address of corporate office of the Company is hereby changed from 1101, 1102 Vikram tower Rajendra Place New Delhi to 26/6 Ground floor, East Patel Nagar, New Delhi- 110008 with immediate effect.

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Dhunseri Petrochem to acquire 32.5% stake in Singapore based Global Foods
Nov 10,2016

Dhunseri Petrochem announced that the Company at its meeting held on 10 November 2016 has decided to invest 32.5% in the equity share capital of Global Foods, a newly incorporated Company in Singapore which will be engaged in the business of investment in food and beverage sector, upto an amount of Rs. 10 crore in the form of equity and optionally convertible debentures.

Further, the Company has paid up its subscription amount of Rs. 4,98,000/- for 49,800 equity shares of Rs. 10/- each subscribed in Tastetaria, a newly incorporated Company having its registered office at Dhunseri House, 4A, Woodburn Park, Kolkata-700020 with a business in food related industry. The Company holds 99.6% in the equity share capital of the said Company.

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Dhunseri Petrochem to acquire 32.5% stake in Singapore based Global Foods
Nov 10,2016

Dhunseri Petrochem announced that the Company at its meeting held on 10 November 2016 has decided to invest 32.5% in the equity share capital of Global Foods, a newly incorporated Company in Singapore which will be engaged in the business of investment in food and beverage sector, upto an amount of Rs. 10 crore in the form of equity and optionally convertible debentures.

Further, the Company has paid up its subscription amount of Rs. 4,98,000/- for 49,800 equity shares of Rs. 10/- each subscribed in Tastetaria, a newly incorporated Company having its registered office at Dhunseri House, 4A, Woodburn Park, Kolkata-700020 with a business in food related industry. The Company holds 99.6% in the equity share capital of the said Company.

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Reliance Industries takes delivery of Very Large Ethane Carrier (VLEC) n++ETHANE CRYSTALn++
Nov 10,2016

Mitsui O.S.K. Lines announced the delivery of the new building Very Large Ethane Carrier (VLEC) n++ETHANE CRYSTALn++, by Samsung Heavy Industries (SHI), for Reliance Industries (Reliance) on 09 November 2016. MOL was appointed by Reliance to undertake Site Supervision of new builds and is also to be the Operator and the Ship Manager of these vessels.

The VLECs will serve to transport Ethane from United States of America to India, and are the largest vessels ever built for transportation of Ethane at an industrial scale. MOL will be the first shipping company in the world to operate such Very Large Ethane Carriers. The vessels adopt GTT Mark III as a containment system which is unique for Ethane transportation, and are designed to cater to latest safety and environment regulations.

MOL will operate the fleet of six VLECs to provide efficient, safe and reliable Ethane transportation for use as a feedstock in large petrochemical complexes owned and operated by Reliance.

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Reliance Industries takes delivery of Very Large Ethane Carrier (VLEC) n++ETHANE CRYSTALn++
Nov 10,2016

Mitsui O.S.K. Lines announced the delivery of the new building Very Large Ethane Carrier (VLEC) n++ETHANE CRYSTALn++, by Samsung Heavy Industries (SHI), for Reliance Industries (Reliance) on 09 November 2016. MOL was appointed by Reliance to undertake Site Supervision of new builds and is also to be the Operator and the Ship Manager of these vessels.

The VLECs will serve to transport Ethane from United States of America to India, and are the largest vessels ever built for transportation of Ethane at an industrial scale. MOL will be the first shipping company in the world to operate such Very Large Ethane Carriers. The vessels adopt GTT Mark III as a containment system which is unique for Ethane transportation, and are designed to cater to latest safety and environment regulations.

MOL will operate the fleet of six VLECs to provide efficient, safe and reliable Ethane transportation for use as a feedstock in large petrochemical complexes owned and operated by Reliance.

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India Steel Works appoints director
Nov 10,2016

India Steel Works announced that the Board of Directors of the Company at its meeting held on 09 November 2016, inter alia, has approved and taken on record the following:

- Appointment of Deepak Kumar Gaur as Additional Director of the Company.

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Disappointing Q2 figures drag lower Bajaj Electricals counter
Nov 10,2016

The result was announced during market hours today, 10 November 2016.

Meanwhile, the S&P BSE Sensex was up 401.70 points or 1.47% at 27,654.23.

High volumes were witnessed on the counter. On BSE, so far 82,196 shares were traded in the counter as against average daily volume of 42,868 shares in the past one quarter. The stock hit a high of Rs 250 and a low of Rs 236.70 so far during the day. The stock had hit a 52-week low of Rs 155.35 on 29 February 2016. The stock had hit a 52-week high of Rs 280 on 10 August 2016. The stock underperformed the market over the past one month till 9 November 2016, falling 6.89% compared with the Sensexs 2.88% fall. The scrip also underperformed the market in past one quarter, dropping 9.92% as against the Sensexs 2.96% decline.

The mid-cap company has equity capital of Rs 20.24 crore. Face value per share is Rs 2.

Commenting on the results, Shekhar Bajaj, Chairman and Managing Director, Bajaj Electricals said the lighting busines unit of the consumer products segment registered a sub optimal performance largely due to drop in demand for CFL and absence of EESL order for LED products in the current year as against the previous year. The sales of lighting busines unit has de-grown by 31%. To enhance the brand recall and support RREP (Range & Reach Expansion Programme) distribution model, the company continued its advertising spend during major events such as RIO Olympics, Wimbledon, Pro Kabaddi, etc. This coupled with increase in staff cost and other fixed costs, impacted the overall margins of the consumer products segment. However, rollout of RREP distribution is on track and the same would help in improving the overall performance of the company in Q3 and Q4 of the year ending 31 March 2017 (FY 2017).

Engineering, procurement, construction (EPC) segment has shown an improvement in margins by 1.1% i.e. from 6.4% to 7.5%, owing to effective project monitoring mechanism with better control over cost and thrust on collection of old receivables. EPC segment is now back on the profitable track and is expected to do well in the future. EPC segment has good order inflow and the current order book stands at Rs 2721 crore, comprising of Rs 1000 crore for transmission line towers; Rs 1545 crore for power distribution; and Rs 176 crore for illumination projects, he added.

Bajaj Electricals is an electric products maker and is a part of Bajaj Group.

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Caplin Point surges after strong Q2 results
Nov 10,2016

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

Meanwhile, the S&P BSE Sensex was up 328.18 points or 1.2% at 27,580.71.

On BSE, so far 29,000 shares were traded in the counter as against average daily volume of 49,000 shares in the past two weeks. The stock hit a high of Rs 399 and a low of Rs 376.10 so far during the day.

Caplin Point Laboratories is a pharmaceutical company, catering predominantly to emerging markets of Latin America and Africa.

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Rubra Medicaments reports standalone net profit of Rs 0.01 crore in the September 2016 quarter
Nov 10,2016

Net profit of Rubra Medicaments reported to Rs 0.01 crore in the quarter ended September 2016. There were no net profit/loss reported during the previous quarter ended September 2015. Sales rose 33.33% to Rs 0.08 crore in the quarter ended September 2016 as against Rs 0.06 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.080.06 33 OPM %12.500 - PBDT0.010 0 PBT0.010 0 NP0.010 0

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Raj Agro Mills reports standalone net loss of Rs 0.04 crore in the September 2016 quarter
Nov 10,2016

Net Loss of Raj Agro Mills reported to Rs 0.04 crore in the quarter ended September 2016 as against net loss of Rs 0.05 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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Dhanleela Investments & Trading Company standalone net profit declines 50.00% in the September 2016 quarter
Nov 10,2016

Net profit of Dhanleela Investments & Trading Company declined 50.00% to Rs 0.01 crore in the quarter ended September 2016 as against Rs 0.02 crore during the previous quarter ended September 2015. Sales declined 86.39% to Rs 0.20 crore in the quarter ended September 2016 as against Rs 1.47 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.201.47 -86 OPM %5.002.04 - PBDT0.010.03 -67 PBT0.010.03 -67 NP0.010.02 -50

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Martin Burn standalone net profit rises 140.00% in the September 2016 quarter
Nov 10,2016

Net profit of Martin Burn rose 140.00% to Rs 0.12 crore in the quarter ended September 2016 as against Rs 0.05 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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Rathi Graphic Technologies standalone net profit rises 861.76% in the September 2016 quarter
Nov 10,2016

Net profit of Rathi Graphic Technologies rose 861.76% to Rs 3.27 crore in the quarter ended September 2016 as against Rs 0.34 crore during the previous quarter ended September 2015. Sales rose 15.32% to Rs 9.41 crore in the quarter ended September 2016 as against Rs 8.16 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales9.418.16 15 OPM %7.7611.27 - PBDT0.450.62 -27 PBT0.280.43 -35 NP3.270.34 862

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KMG Milk Food reports standalone net loss of Rs 0.49 crore in the September 2016 quarter
Nov 10,2016

Net Loss of KMG Milk Food reported to Rs 0.49 crore in the quarter ended September 2016 as against net loss of Rs 0.49 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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Sterling Powergensys reports standalone net profit of Rs 0.02 crore in the September 2016 quarter
Nov 10,2016

Net profit of Sterling Powergensys reported to Rs 0.02 crore in the quarter ended September 2016 as against net loss of Rs 0.11 crore during the previous quarter ended September 2015. Sales rose 633.33% to Rs 2.42 crore in the quarter ended September 2016 as against Rs 0.33 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.420.33 633 OPM %4.13-39.39 - PBDT0.07-0.06 LP PBT0.02-0.11 LP NP0.02-0.11 LP

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