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

Kolte Patil Developers consolidated net profit rises 30.43% in the December 2016 quarter
Feb 03,2017

Net profit of Kolte Patil Developers rose 30.43% to Rs 18.09 crore in the quarter ended December 2016 as against Rs 13.87 crore during the previous quarter ended December 2015. Sales rose 26.97% to Rs 225.99 crore in the quarter ended December 2016 as against Rs 177.99 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales225.99177.99 27 OPM %24.5526.61 - PBDT35.0630.48 15 PBT31.5526.85 18 NP18.0913.87 30

Powered by Capital Market - Live News

SREI Infrastructure Finance consolidated net profit rises 291.67% in the December 2016 quarter
Feb 03,2017

Net profit of SREI Infrastructure Finance rose 291.67% to Rs 67.21 crore in the quarter ended December 2016 as against Rs 17.16 crore during the previous quarter ended December 2015. Sales rose 43.56% to Rs 1110.48 crore in the quarter ended December 2016 as against Rs 773.55 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales1110.48773.55 44 OPM %81.7084.12 - PBDT203.3584.60 140 PBT98.6227.59 257 NP67.2117.16 292

Powered by Capital Market - Live News

Aban Offshore reports consolidated net loss of Rs 247.23 crore in the December 2016 quarter
Feb 03,2017

Net Loss of Aban Offshore reported to Rs 247.23 crore in the quarter ended December 2016 as against net loss of Rs 157.62 crore during the previous quarter ended December 2015. Sales declined 33.59% to Rs 487.21 crore in the quarter ended December 2016 as against Rs 733.60 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales487.21733.60 -34 OPM %49.6650.17 - PBDT-26.75107.40 PL PBT-204.54-122.07 -68 NP-247.23-157.62 -57

Powered by Capital Market - Live News

Elixir Capital reports consolidated net loss of Rs 0.74 crore in the December 2016 quarter
Feb 03,2017

Net loss of Elixir Capital reported to Rs 0.74 crore in the quarter ended December 2016 as against net profit of Rs 0.48 crore during the previous quarter ended December 2015. Sales reported to Rs -0.78 crore in the quarter ended December 2016 as against Rs 1.63 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales-0.781.63 PL OPM %185.9060.74 - PBDT-1.431.03 PL PBT-1.550.92 PL NP-0.740.48 PL

Powered by Capital Market - Live News

Norris Medicines appoints company secretary
Feb 03,2017

Norris Medicines announced that Vinay Rana is appointed as Company Secretary and Compliance Officer of the Company with effect from 03 February 2017.

Powered by Capital Market - Live News

Mangalore Refinery And Petrochemicals appoints director
Feb 03,2017

Mangalore Refinery And Petrochemicals announced that Manjula C. has been appointed as Independent Director by the Ministry of Petroleum and Natural Gas (MoP&NG), Govt of India, on the Board of the Company, with effect from 31 January 2017.

Powered by Capital Market - Live News

JSW Steel gets revision in credit ratings
Feb 03,2017

JSW Steel announced that Moodys Investors Service has changed JSW Steels (JSW) ratings outlook to stable from negative and affirmed the Companys corporate family rating (CFR) and senior unsecured rating at Ba3.

Powered by Capital Market - Live News

Lupin receives final approval for Triamcinolone Acetonide Cream
Feb 03,2017

Lupin has received final approval for its Triamcinolone Acetonide Cream USP, 0.025%, 0.1% and 0.5% from the USFDA to market a generic equivalent of Mylan Pharmaceuticals Incs Triamcinolone Acetonide Cream, 0.025% and 0.1%. Lupin shall commence promoting the product shortly.

Powered by Capital Market - Live News

Bharat Forge divests its entire stake in Kalyani Polytechnic
Feb 03,2017

Bharat Forge has disinvested its entire stake in Kalyani Polytechnic, a wholly owned subsidiary incorporated under Section 25 of Companies Act, 1956 w.e.f. 03 February 2017 and consequently Kalyani Polytechnic has ceased to be the subsidiary of Bharat Forge.

Powered by Capital Market - Live News

Jagran Prakashan provides update on subsidiary - Music Broadcast
Feb 03,2017

Jagran Prakashan announced that that Music Broadcast, subsidiary of the Company has commenced broadcast from its Radio Station at Kolhapur (which was acquired under Phase III auctions held last financial year).

The frequency for Kolhapur location is 95 F.M

Powered by Capital Market - Live News

Adlabs Entertainment director resigns
Feb 03,2017

Adlabs Entertainment announced that Prashant Purker, Non-Executive Independent Director of the Company, has tendered his resignation from the directorship of the Company with effect from close of business hours of 03 February 2017.

Powered by Capital Market - Live News

Symphony no more require to comply with Ahmedabad Stock Exchange
Feb 03,2017

Symphony announced that the Company have received a letter dated 11 January 2017 from Ahmedabad Stock Exchange, received on 31 January 2017, stating that Ahmedabad Stock Exchange is undergoing its exit policy and because of that all companies listed with them are shifted to NSE, BSE and Dissemination Board NSE.

Accordingly, the Company is no more required to submit any compliance with Ahmedabad Stock Exchange.

Powered by Capital Market - Live News

Hindalco Industries allots 247057 equity shares
Feb 03,2017

Hindalco Industries announced that the Committee of Directors vide their resolution passed on 02 February 2017 has allotted 247057 equity shares of face value of Re. 1/- each to the optionees as detailed in the resolution, pursuant to the exercise of the options granted to the employee under the Companys Employee Stock Option Scheme.

Powered by Capital Market - Live News

Torrent Pharmaceuticals to pay interim dividend
Feb 03,2017

Torrent Pharmaceuticals announced that interim dividend shall be paid on 17 February 2017.

Powered by Capital Market - Live News

Board of Torrent Pharmaceuticals declares interim dividend
Feb 03,2017

Torrent Pharmaceuticals announced that the Board of Directors of the Company at its meeting held on 03 February 2017, has considered and approved an interim dividend of Rs. 10/- (200%) per equity share of Rs. 5/- fully paid up. The dividend is expected to be paid / dispatched on 17 February 2017.

Powered by Capital Market - Live News