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

Ind-Ra: Merchant Power Market to Burgeon Over FY18-FY20; Discoms to Reap Benefits
Jul 27,2017

The short-term power market is up for an eventful journey in FY18-FY20, says India Ratings and Research (Ind-Ra). However, the market is inhibited by impediments such as transmission constraints, opaque processes on open access within most states and steep cross-subsidy charges. A power supply-demand mismatch and a hiatus in long-term power purchase by states provide immense opportunities to the merchant market.

Ind-Ra expects utilities to increase the share of short-term purchases in the next three years gradually. Against a backdrop of diminishing power rates, discoms have unfettered access to the economical merchant market, apart from existing power purchase contracts. With spot prices hitting rock-bottom levels, discoms can reap benefits in the form of cost savings. However, capacity charges payable on long-term power contracts could be a drag on state utilities.

The Ind-Ra-rated portfolio of projects witnessed a depressed plant load factor level in FY17, though cash flows of such projects were reasonably insulated from volatility due to capacity charges payments. Developers with power purchase agreements (PPAs) that find spot market prices lucrative to enhance their returns could fiercely compete with other marginal players, if power is not scheduled by counterparties. Meanwhile, power producers that have not entered into PPAs will tap the merchant market, only when cost of generation (including fixed and variable cost) is lower than merchant rates.

Cross-subsidy charges range between 9% and 44% across states, indicating the extent of high charges paid by industries. Had these charges been lower/nominal, industries would have tapped low-cost power, adding strength to the Make in India initiative and delivering a globally competitive product. Short-term open access, touted as a boon to the power sector, is marred by exorbitant cross-subsidy and other transmission charges levied to offset the revenue foregone by state utilities due to switchover by customers. However, utilities exploit these charges as a tool to prevent losing high-value industries from their portfolio to the short-term market. Although open access is being granted to generators to evacuate excess power in many states, only a handful of states permit open access to bulk consumers.

Under general network access, access to transmission systems will be location agnostic vis-n++-vis the current open access regime that requires the declaration of the target region of power supply. The GNA regime is likely to enable sufficient transmission capacity to address dynamic power flow patterns, once transmission planning is aligned to peak demand of all regions. The current system, based on declaration from generators on the target region of supply, has resulted in the building of unnecessary or inadequate infrastructure across various regions.

The power market would benefit from recent regulations focused on improvements in grid code and grid operations, as well as from the introduction of forecasting and scheduling for renewable power. The simplification of the retail tariff and the introduction of the National Open Access Registry are under consideration by regulators and stakeholders.

Powered by Capital Market - Live News

Volumes jump at Somany Ceramics counter
Jul 27,2017

Somany Ceramics clocked volume of 2.42 lakh shares by 12:30 IST on BSE, a 302.47-times surge over two-week average daily volume of 1,000 shares. The stock rose 4.37% at Rs 802.

Mphasis notched up volume of 82,000 shares, a 31.88-fold surge over two-week average daily volume of 3,000 shares. The stock advanced 4.3% at Rs 620.40.

Dalmia Bharat Sugar and Industries saw volume of 3.38 lakh shares, a 15.86-fold surge over two-week average daily volume of 21,000 shares. The stock declined 1.85% at Rs 153.60.

State Trading Corporation of India clocked volume of 6.96 lakh shares, a 14.22-fold surge over two-week average daily volume of 49,000 shares. The stock surged 5.58% at Rs 185.40.

MMTC saw volume of 14.51 lakh shares, a 7.63-fold rise over two-week average daily volume of 1.9 lakh shares. The stock gained 4.3% at Rs 64.25.

Powered by Capital Market - Live News

TRF slumps after reverse turnaround in Q1
Jul 27,2017

The result was announced during market hour today, 27 July 2016.

Meanwhile, the S&P BSE Sensex was up 268.48 points, or 0.83% at 32,650.94. The S&P BSE Small-Cap index was up 13.82 points or 0.09% at 16,112.56.

On the BSE, 37,000 shares were traded on the counter so far as against the average daily volumes of 22,198 shares in the past one quarter. The stock had hit a high of Rs 249.90 and a low of Rs 232.45 so far during the day. The stock had hit a 52-week high of Rs 332 on 26 July 2016 and a 52-week low of Rs 181 on 9 November 2016.

The stock had outperformed the market over the past one month till 26 July 2017, advancing 6.26% compared with the Sensexs 4% rise. The scrip had, however, underperformed the market over the past one quarter sliding 4.96% as against the Sensexs 7.46% rise. The scrip had also underperformed the market over the past one year declining 23.03% as against the Sensexs 15.75% rise.

The small-cap company has equity capital of Rs 11 crore. Face value per share is Rs 10.

TRFs consolidated total income from operations rose 0.59% to Rs 255.42 crore in Q1 June 2017 over Q1 June 2016.

TRF is engaged in the production of material handling equipment. The Company segments include Products & Services, and Projects & Services.

Powered by Capital Market - Live News

Sonata Software sweetens after collaborating with Microsoft
Jul 27,2017

The announcement was made after market hours yesterday, 26 July 2017.

Meanwhile, the S&P BSE Sensex was up 253.96 points or 0.78% at 32,636.42

On the BSE, 1.42 lakh shares were traded on the counter so far as against the average daily volumes of 31,400 shares in the past one quarter. The stock had hit a high of Rs 173.90 and a low of Rs 165 so far during the day. The stock hit a 52-week high of Rs 224.50 on 19 January 2017. The stock hit a 52-week low of Rs 142.95 on 25 May 2017.

The stock had outperformed the market over the past one month till 26 July 2017, rising 8.79% compared with the Sensexs 4% rise. The stock however underperformed the market over the past one quarter, falling 1.66% as against the Sensexs 7.46% rise. The scrip also underperformed the market over the past one year, gaining 1.31% as against the Sensexs 15.75% rise.

The small-cap company has an equity capital of Rs 10.52 crore. Face value per share is Re 1.

Sonata Software has announced collaboration with Microsoft as a Microsoft ISV Development Center. The Microsoft ISV Development Centers (Dev Centers) were established to provide strong third-party technical services that can be contracted and leveraged by Microsofts Partners (VARs, ISVs, NSIs, GSIs, etc.).

Dev Centers are invited by Microsoft to participate in new technology previews, beta programs, and technology adopter programs (TAP), to make certain that they are ready to support new technologies and new versions of existing technologies before they are released to market.

Sonata Softwares net profit fell 22.87% to Rs 32.17 crore on 4.13% rise in total income to Rs 160.75 crore in Q4 March 2017 over Q4 March 2016.

Sonata Software is a global IT solutions firm focused on catalyzing business transformation initiatives of its clients through deep domain knowledge, technology expertise and customer commitment.

Powered by Capital Market - Live News

Tamil Nadu Newsprint surges after resuming normal operation of plant
Jul 27,2017

The announcement was made before market hours today, 27 July 2017.

Meanwhile, the S&P BSE Sensex was up 240.89 points or 0.74% at 32,623.35. The S&P BSE Small-Cap index was up 14.59 points or 0.09% at 16,113.23.

High volumes were witnessed on the counter. On the BSE, 72,209 shares were traded on the counter so far as against the average daily volumes of 30,493 shares in the past one quarter. The stock had hit a high of Rs 373.65 and a low of Rs 340 so far during the day. The stock had hit a record high of Rs 392.45 on 13 October 2016 and a 52-week low of Rs 275.25 on 28 July 2016.

The stock had outperformed the market over the past one month till 26 July 2017, gaining 4.37% compared with the Sensexs 4% rise. The stock had also outperformed the market over the past one quarter, rising 14.54% as against the Sensexs 7.46% rise. The scrip had also outperformed the market over the past one year, gaining 21.49% as against the Sensexs 15.75% rise.

The small-cap company has equity capital of Rs 69.21 crore. Face value per share is Rs 10.

Tamil Nadu Newsprint and Papers net profit fell 39.2% to Rs 63.41 crore on 8.9% rise in net sales to Rs 793.76 crore in Q4 March 2017 over Q4 March 2016.

Tamil Nadu Newsprint and Papers is a maker of bagasse based eco-friendly paper

Powered by Capital Market - Live News

GST-a real major incentive for making investments in SEZs: Commerce Ministry official
Jul 27,2017

Though imposition of Minimum Alternative Tax (MAT) in 2011 slowed down growth of special economic zones (SEZs), but implementation of Goods and Service Tax (GST) provides wonderful opportunity for making investments in Indian SEZs, a top Commerce Ministry official said at an ASSOCHAM event.

n++After 2011, today again probably is the right moment to make investments in the SEZs, as it is the only scheme of the many export promotion schemes operating in India, wherein an initio exemption has been provided from customs duty as well as IGST (Integrated Goods and Service Tax),n++ said Dr L.B. Singhal, development commissioner, Noida SEZ.

He also said that this exemption has been provided both for import as well as domestic procurement of the raw materials, capital goods and others.

n++So, this being the only export promotion scheme, this is a real major incentive for making an investment for manufacturing and services in the SEZs,n++ added Dr Singhal who has 27 SEZs operating under his jurisdiction in Northern India which employ over 81,000 people.

Earlier, he had said that after enacting SEZ Act in 2005, up to 2011 it really grew up very well by almost 100 per cent every year but in 2011, Government of India imposed MAT and that slowed down the growth a little bit.

n++The SEZ Act had provided income tax exemption for 15 years - with 100 per cent income tax exemption in first five years and 50 per cent exemption in next five years but when the MAT was imposed, the investor felt that the kind of incentive which was promised to them that was taken back,n++ said Dr Singhal.

Citing other favourable reasons for growth of SEZs in India, he said that the SEZ Act provides income tax exemption on profit on exports for 15 years to the SEZ units but now a sunset clause has been laid that this income tax exemption will be available only on the SEZ units which start operating by March 2020.

n++With GST exemption together with exemption in the income tax and in case you are able to make investments and are able to make your SEZ unit operational by March 2020 then you will get the complete income tax exemption for 15 years which is envisaged in the SEZ Act,n++ he said further.

He also said that Government has considerably addressed the issue related to MAT. n++The major issue was coming that MAT is kind of an advance income tax which you can offset in future liabilities and earlier the time period given for setting your MAT offset was seven years, now two years back that period has been changed to 12 years so for MAT liability also you get longer period for adjustment.n++

He said that in the SEZ scheme, the benefits which were provided under Foreign Trade Policy under various export promotion schemes like focus product scheme, focus market scheme and others have now all been merged into MEIS (Merchandise Exports from India Scheme).

n++These benefits are now also available for exports from SEZs - benefits from MEIS as well as services exporters are also entitled for the benefit of Service Exports from India Scheme (SEIS),n++ said Dr Singhal.

n++These reasons put together make it a attractive proposition for making investment in the SEZs,n++ he added.

He further said that the package which is provided for SEZs in India is quite comprehensive as one gets benefit of indirect exemptions on raw material together with indirect exemptions on capital goods, besides one also gets exemptions from taxes even for setting up unit of cement, steel and others.

Referring to the steps taken by the Government to expand the scope of SEZs, he said n++Earlier area requirement for setting up a multi-product SEZ was 1,000 hectares which has been reduced to 500 hectares, for sector-specific it has been reduced to 100 hectares and for IT (information technology) sector which was earlier 10 hectares has now been completely done away with and what you require is only 1 lakh sq. meter built-up space.n++

He said that government intends to promote investment in the tier-II, III cities, so the minimum area requirement for tier II cities is 50,000 sq. meters while for tier III cities it is just 25,000 sq. Meters.

Highlighting that results of these steps can be seen, he said that in the last 2-3 years, IT sector SEZs have come up in Chandigarh (employing 12,000 people), Lucknow, Indore and other such cities.

He also said that Government support is not merely limited to fiscal incentives but it includes providing ease of doing operation, single window clearance.

n++There are two tier single window approvals in place in SEZs - one apex in the Commerce Ministry at the Board Approval level chaired by Commerce Secretary where the representatives of all ministries are there. So the approval for setting up SEZ is given by the board itself and no approval from any other separate ministry is required,n++ said Dr Singhal.

n++Once the SEZ is approved and you go for setting up the unit in the SEZ, there is an approval committee meeting in every SEZ chaired by the Development Commissioner wherein the representatives of customs, central excise, DGFT (Director General of Foreign Trade), income tax, state government all are present at one place and approval is given at one place,n++ he added.

Exports from SEZs in India which were a meagre $2 billion (bn) in 2000 and reached $5 bn in 2005 had touched a massive $81 bn last year. Besides, direct employment in the SEZs which was about 1.43 lakh in 2005, today stands at 17.31 lakh. While the investments, which were just about Rs 4,000 crore in 2005, today we have investments worth Rs 4.23 lakh crore in SEZs.

Powered by Capital Market - Live News

Uflex develops speciality polymeric film
Jul 27,2017

Uflex has developed a speciality polymeric film to replace Bi-axially Oriented Polyamide (BOPA) Film (commonly known as Nylon). One of the many uses that speciality polymeric film finds is oil packaging. Typically for manufacturing packaging material for oil, the new speciality film has been laminated with Polythylene to fabricate a 2 ply packaging structure. The lamination process is also specialised to ensure superior and enhanced functionality of the packaging structure.

Powered by Capital Market - Live News

Polyplex Corporation schedules AGM
Jul 27,2017

Polyplex Corporation announced that the 32nd Annual General Meeting (AGM) of the company will be held on 11 September 2017.

Powered by Capital Market - Live News

Board of Nestle India recommends second interim dividend
Jul 27,2017

Nestle India announced that the Board of Directors of the Company at its meeting held on 26 July 2017, inter alia, have recommended the second interim dividend of Rs 15 per equity Share (i.e. 150%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Tamil Nadu Newsprint & Papers resumes plant operations
Jul 27,2017

Tamil Nadu Newsprint & Papers announced that on availability of water, the Company has resumed normal production / operations in the plant from 27 July 2017.

Powered by Capital Market - Live News

ION Exchange drops after weak Q1 numbers
Jul 27,2017

The result was announced after market hours yesterday, 26 July 2017.

Meanwhile, the S&P BSE Sensex was up 278.05 points, or 0.86% at 32,660.51. The S&P BSE Small-Cap index was up 50.64 points or 0.31% at 16,149.28.

High volumes were witnessed on the counter. On the BSE, 42,000 shares were traded on the counter so far as against the average daily volumes of 16,112 shares in the past one quarter. The stock had hit a high of Rs 578 and a low of Rs 569.85 so far during the day. The stock had hit a record high of Rs 638 on 21 July 2017 and a 52-week low of Rs 254 on 22 November 2016.

The stock had outperformed the market over the past one month till 26 July 2017, advancing 19.38% compared with the Sensexs 4% rise. The scrip had also outperformed the market over the past one quarter gaining 49.86% as against the Sensexs 7.46% rise. The scrip had also outperformed the market over the past one year advancing 87.44% as against the Sensexs 15.75% rise.

The small-cap company has equity capital of Rs 14.67 crore. Face value per share is Rs 10.

Ion Exchange (India) is engaged in water and environment management business. The company offers products, including ion exchange resins, water treatment plants and chemical additives.

Powered by Capital Market - Live News

HDFC scales record high after brokerage upgrade
Jul 27,2017

Meanwhile, the S&P BSE Sensex was up 258.98 points or 0.8% at 32,641.44.

On the BSE, 77,000 shares were traded on the counter so far as against the average daily volumes of 3.43 lakh shares in the past one quarter. The stock hit a high of Rs 1,698.75 in intraday trade so far, which is record high for the counter. The stock hit a low of Rs 1,643 so far during the day. The stock had hit a 52-week low of Rs 1,185 on 5 December 2016.

The stock had underperformed the market over the past one month till 26 July 2017, falling 1.1% compared with the Sensexs 4% rise. The stock had also underperformed the market over the past one quarter, rising 4.2% as against the Sensexs 7.46% rise. The scrip however outperformed the market over the past one year, gaining 17.69% as against the Sensexs 15.75% rise.

The large-cap company has equity capital of Rs 318.58 crore. Face value per share is Rs 2.

A foreign brokerage firm reportedly upgraded the HDFC stock to outperform from neutral and also hiked the price target on the company to Rs 1,890 from Rs 1,635. The foreign brokerage cited better subsidiary valuations as one of the key reasons behind the upgrade. It expects dividend income from HDFC Bank to reflect from the second quarter of the year ending 31 March 2018. An improving net interest margin amidst intense competition is an encouraging sign, the foreign brokerage said in its research note.

HDFCs net profit fell 16.84% to Rs 1555.74 crore on 3% fall in total income to Rs 8141.76 crore in Q1 June 2017 over Q1 June 2016. The company announced its Q1 results during market hours yesterday, 26 July 2017, when the stock rose 0.06% to settle at Rs 1,633.25.

HDFCs board of directors at its meeting held yesterday, 26 July 2017, approved issue of secured, redeemable, non convertible debentures aggregating Rs 35000 crore on private placement basis.

HDFC is Indias first retail housing finance company and is currently one of the largest originators of housing loans in the country.

Powered by Capital Market - Live News

SBI advances after board extends validity period to raise capital
Jul 27,2017

The announcement was made after market hours yesterday, 26 July 2017.

Meanwhile, the S&P BSE Sensex was up 278.30 points or 0.86% at 32,661.39.

On the BSE, 3.34 lakh shares were traded on the counter so far as against the average daily volumes of 12.92 lakh shares in the past one quarter. The stock had hit a high of Rs 299.70 and a low of Rs 296.35 so far during the day. The stock had hit a 52-week high of Rs 315 on 19 May 2017 and a 52-week low of Rs 223.20 on 4 August 2016.

The stock had underperformed the market over the past one month till 26 July 2017, gaining 2.39% compared with the Sensexs 4% rise. The stock had also underperformed the market over the past one quarter, rising 2.39% as against the Sensexs 7.46% rise. The scrip had, however, outperformed the market over the past one year, gaining 30.57% as against the Sensexs 15.75% rise.

The large-cap state-run bank has equity capital of Rs 863.21 crore. Face value per share is Re 1.

State Bank of India (SBI) announced that its executive committee of the central board approved extension of validity period to raise the remaining additional tier I capital to the tune of Rs 2000 crore till 31 March 2018 and accordingly authorized bank to raise upto Rs 2000 crore additional tier I capital, by way of issue of Basel III compliant perpetual debt instruments in dollar and/or rupee, at par, through private placement to overseas and/or Indian investors.

The issue will be in such number of tranches, at such times as may be considered appropriate and on such coupons as may be decided at the time of actual issuance.

The committee of directors for capital raising had earlier authorized SBI to raise additional tier I capital upto Rs 11100 crore till 31 March 2017. The bank has raised additional tier I capital in domestic and overseas market to the tune of Rs 9100 crore during the financial year 2016-2017 (FY 2017).

State Bank of Indias net profit surged 122.7% to Rs 2814.82 crore on 7.8% growth in total income to Rs 57720.07 crore in Q4 March 2017 over Q4 March 2016.

Government of India held 57.07% stake in State Bank of India (as on 12 June 2017).

Powered by Capital Market - Live News

International Paper APPM intimates of disruption in operations at Rajamundry facility
Jul 27,2017

International Paper APPM announced that the operations at its manufacturing facility located in Rajamundry, East Godavari District, Andhra Pradesh have been disrupted since 26 July 2017 due to illegal strike by the contract workers.

Powered by Capital Market - Live News

Cabinet approves revision of guidelines of Sovereign Gold Bonds Scheme
Jul 27,2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given approval for revision of guidelines of Sovereign Gold Bonds (SGB) Scheme with a view to achieve its intended objectives.

Two sets of changes have been made in the scheme:

I. Specific changes have been made in the attributes of the scheme to make it more attractive, mobilise finances as per the target and reduce the economic strains caused by imports of gold and reduce the Current Account Deficit (CAD).

II. Flexibility has been given to Ministry of Finance to design and introduce variants of SGBs with different interest rates and risk protection / pay-offs that would offer investment alternatives to different category of investors. Ministry of Finance (the issuer) has been delegated this power to amend / add to the features of the Scheme with approval of the Finance Minister to reduce the time lag between finalizing the attributes of a particular tranche and its notification. Such flexibility will be effective in addressing the elements of competition with new products of investment, to deal with very dynamic and sometimes volatile market, macro-economic and other conditions such as gold price.

Following specific changes in the scheme have been approved:

i. The investment limit per fiscal year has been increased to 4 kg for individuals, 4 Kg for Hindu Undivided Family (HUF) and 20 Kg for Trusts and similar entities notified by the Government from time to time.

ii. The ceiling will be counted on Financial year basis and will include the SGBs purchased during the trading in the secondary market.

iii. The ceiling on investment will not include the holdings as collateral by Banks and Financial institutions.

iv. SGBs will be available on tap. Based on the consultation with NSE, BSE, Banks and Department of Post, features of product to emulate On Tap sale would be finalised by Ministry of Finance.

v. To improve liquidity and tradability of SGBs, appropriate market making initiatives will be devised. Market makers, could be commercial banks or any other public sector entity, such as MMTC or any other entity as decided by Gol.

vi. The Government may, if so felt necessary, allow higher commission to agents.

Background:

Sovereign Gold Bond (SGB) Scheme was notified by the Government of India on November 05, 2015 after due approval of the Cabinet. The main objective of the scheme was to develop a financial asset as an alternative to purchasing metal gold. The target was to shift part of the estimated 300 tons of physical bars and coins purchased every year for Investment into demat gold bonds. The target mobilisation under the scheme at Rs. 15,000 crore in 2015-16 and at Rs.10,000 crore in 2016-17. The amount so far credited in Government account is Rs. 4,769 crore.

In view of less than expected response of the investors to the scheme, and considering its bearing on CAD and consequently on overall macro-economic health of the country, it was felt necessary to make changes in this scheme to make it a success.

Powered by Capital Market - Live News