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

IDFC Bank to shift registered office
Feb 02,2017

IDFC Bank announced that the Board of Directors has approved shifting of Registered Office of the Bank with effect from 01 April 2017, from its present location at KRM Tower, 8th Floor, No.1 Harrington Road, Chetpet, Chennai - 600 031, Tamil Nadu, India to KRM Tower, 7th Floor, No.1 Harrington Road, Chetpet, Chennai - 600 031, Tamil Nadu, India.

The above mentioned change is within the local limits of the town where the present Registered Office of the Bank is situated.

Powered by Capital Market - Live News

Board of Kilitch Drugs (India) to consider December quarter results
Feb 02,2017

Kilitch Drugs (India) announced that a meeting of the Board of Directors of the Company will be held on 13 February 2017, inter alia, to consider and take on record the following matters:

- Unaudited (Provisional) Financial Result for the quarter ended 31 December 2016 along with the Limited Review Report as submitted by the Statutory Auditors of the Company.

Powered by Capital Market - Live News

Board of Centum Electronics to consider Q3 results and interim dividend
Feb 02,2017

Centum Electronics announced that the meeting of Board of Directors of the Company will be held on 12 February 2017, inter alia, to consider to approve the unaudited financial results for the quarter and nine months ended 31 December 2016 and also to consider the declaration of Interim dividend, if any, amongst other matters.

Powered by Capital Market - Live News

Centum Electronics fixes record date for interim dividend
Feb 02,2017

Centum Electronics has fixed 21 February 2017 as the Record Date for the purpose of Payment of Interim Dividend, if approved.

Powered by Capital Market - Live News

IL&FS Engineering & Construction Co bags two orders
Feb 02,2017

IL&FS Engineering & Construction Co has received Letter of Intent for two rural electrification works under Deen Dayal Upadhyay Gram Jyoti Yojana and additional one Integrated Power Development Works of West Bengal State Electricity Distribution Company, Kolkata worth Rs 515.47 crore.

Powered by Capital Market - Live News

Suraj Industries to announce December quarter results
Feb 02,2017

Suraj Industries announced that the meeting of the Board of Directors of the Company is scheduled to be held on 13 February 2017, inter alia, to consider and approve Un-audited Financial Results of the Company for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

Board of Reliable Ventures India to consider December quarter results
Feb 02,2017

Reliable Ventures India announced that the Board of Directors of the Company shall meet on 13 February 2017, inter alia, to consider and approve audited financial results of the company for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

Board of Era Buildsys to consider December quarter results
Feb 02,2017

Era Buildsys announced that a meeting of the Board of Directors of the Company is scheduled to be held on 09 February 2017, inter alia, to consider, approve the Un-Audited Quarterly Financial Results for the quarter ended on 31 December 2016.

Powered by Capital Market - Live News

Tube Investments of India makes further investment of Rs 2.5 crore
Feb 02,2017

Tube Investments of India announced that the Company has, in the second tranche, invested a further sum of Rs.2.5 crore in the share capital of its joint venture, TI Absolute, in respect of which an allotment of 25 lakh equity shares of Rs.10/- each, at par, has been made to the Company on 01 February 2017 by the said JV Company.

Previously in November, the Company had made an initial investment of Rs 7.5 crore in the share capital of TI Absolute and the allotment of 75 lakh shares was made by the TI Absolute towards the subscription made.

The investment is in accordance with the approval accorded by the Board of Directors of the Company at the meeting held on 15 September 2016 for investment of an amount not exceeding in the aggregate Rs.10 crore, in one or more tranches, by the Company in the equity share capital of Tl Absolute.

Post investment, the shareholding of the Company in Tl Absolute remains unchanged at 50%, with the balance 50% held by the Companys JV partner.

Powered by Capital Market - Live News

Pidilite Inds slides after uninspiring Q3 numbers
Feb 02,2017

The announcement was made after market hours yesterday, 1 February 2017.

Meanwhile, the S&P BSE Sensex was down 18.68 points or 0.07% at 28,122.96.

On the BSE, 23,000 shares were traded on the counter so far as against the average daily volumes of 1.42 lakh shares in the past one quarter. The stock had hit a high of Rs 689.65 and a low of Rs 676.05 so far during the day.

The stock had hit a record high of Rs 769.50 on 29 July 2016 and a 52-week low of Rs 558.10 on 3 February 2016. It had outperformed the market over the past one month till 1 February 2017, advancing 16.95% compared with the Sensexs 5.69% rise. The scrip had, however, underperformed the market over the past one quarter, sliding 2.95% as against the Sensexs 0.95% rise.

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

The companys consolidated earnings before interest, taxation, depreciation and amortization (EBITDA) before non-operating income & exceptional items declined 0.8% to Rs 291 crore in Q3 December 2016 over Q3 December 2015.

Pidilites Managing Director Bharat Puri said that in a challenging demand environment, the company has demonstrated resilience in Q3 December 2016 performance. Pidilite has supported its channel partners while making efforts to enhance its direct distribution coverage. It remains committed to grow its core categories and drive operational efficiencies.

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

Powered by Capital Market - Live News

India Signs Financing Agreement with World Bank for US$ 201.50 Million for n++Third Technical Education Quality Improvement Programme (TEQIP III)n++
Feb 02,2017

A Financing Agreement for IDA credit of US$201.50 million (equivalent) for the n++Third Technical Education Quality Improvement Programme (TEQIP III)n++ was signed with the World Bank here yesterday. The Financing Agreement was signed by Mr. Raj Kumar (Joint Secretary, Department of Economic Affairs) on behalf of Government of India and Mr. Junaid Kamal Ahmad, Country Director, World Bank (India) on behalf of the World Bank.

The objective of the Program is to enhance quality and equity in participating Engineering Education Institutes and improve the efficiency of the Engineering Education System in Uttarakhand, Himachal Pradesh, Bihar, Uttar Pradesh, Madhya Pradesh, Chhattisgarh, Rajasthan, 8 North Eastern States and Andaman & Nicobar Islands. The Project has two main components, (i) Improving quality and equity in engineering institutes in those states; and (ii) System-level initiatives to strengthen sector governance and performance. The project has been designed as a disbursement linked one, that is, the World Bank loan will be disbursed on achievement of specific outcomes.

The closing date of TEQIP III is 31st March, 2022.

Powered by Capital Market - Live News

Uflex launches reflective colour communication technology
Feb 02,2017

Uflex has been able to attain metallic effect on non-metallic substrates by reflective colour communication technology that works in combination of a specialised pre press software and special laser engraving hardware. The technology helps in enhancing the aesthetics of packaging without using prohibitive metallic inks or metallic laminates. The reflective colour communication system is offered by the Companys Cylinders Business which manufactures a special Rotogravure Cylinder that uses normal transparent gold/ transparent silver inks or lacquer inks to produce a homogenous metallic effect.

Powered by Capital Market - Live News

Nila Infrastructures to consider December quarter results
Feb 02,2017

Nila Infrastructures announced that the meeting of the Board of Directors of the Company is scheduled to be held on 08 February 2017, to consider and approve unaudited financial results for the quarter ended on 31 December 2016.

Powered by Capital Market - Live News

Board of Jamna Auto Industries to consider December quarter results
Feb 02,2017

Jamna Auto Industries announced that a meeting of the Board of Directors of the Company is scheduled to be held on 11 February 2017, inter alia, to consider, approve and take on record the un-audited financial results of the Company for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

Shree Renuka Sugars leads losers in A group
Feb 02,2017

Shree Renuka Sugars fell 4.19% to Rs 14.85 at 12:25 IST after the company reported a net loss of Rs 42 crore in Q3 December 2016, higher than net loss of Rs 24.10 crore in Q3 December 2015. The announcement was made after market hours yesterday, 1 February 2017. The stock topped the losers in the BSEs A group. On the BSE, 10.57 lakh shares were traded on the counter so far as against the average daily volumes of 3.93 lakh shares in the past two weeks.

Hindalco Industries shed 3.19% to Rs 192.60. The stock was second biggest loser in A group. On the BSE, 4.92 lakh shares were traded on the counter so far as against the average daily volumes of 15.85 lakh shares in the past two weeks.

Union Bank of India fell 2.9% at Rs 147.40. The stock was the third biggest loser in A group. On the BSE, 3.03 lakh shares were traded on the counter so far as against the average daily volumes of 6.15 lakh shares in the past two weeks.

Corporation Bank shed 2.62% to Rs 42.70. The stock was fourth biggest loser in A group. On the BSE, 29,000 shares were traded on the counter so far as against the average daily volumes of 42,000 shares in the past two weeks.

Housing Development & Infrastructure dropped 2.57% at Rs 64.50. The stock was the fifth biggest loser in A group. On the BSE, 13.79 lakh shares were traded on the counter so far as against the average daily volumes of 16.23 lakh shares in the past two weeks.

Powered by Capital Market - Live News