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

Dishman Pharmaceuticals edges higher after receiving EIR report for facility
Feb 02,2017

The announcement was made before market hours today, 2 February 2017.

Meanwhile, the BSE Sensex was down 10.61 points, or 0.04%, to 28,131.03.

On the BSE, 94,532 shares were traded in the counter so far, compared with average daily volume of 1.79 lakh shares in the past one quarter. The stock had hit a high of Rs 238.35 and a low of Rs 233.15 so far during the day. The stock had hit a record high of Rs 267.95 on 30 September 2016. The stock had hit a 52-week low of Rs 127.60 on 24 June 2016.

It had underperformed the market over the past one month till 1 February 2017, rising 5.61% compared with the Sensexs 5.69% gains. The scrip had also underperformed the market over the past one quarter declining 9.67% as against the Sensexs 0.95% rise.

The mid-cap company has an equity capital of Rs 32.28 crore. Face value per share is Rs 2.

Dishman Pharmaceuticals and Chemicals announced that the company has received the Establishment Inspection Report (EIR) from the United States Food & Drug Administration (USFDA) for Bavla facility on 1 February 2017.

Bavla facility in Gujarat was successfully inspected by the USFDA in July 2016, which was intimated to the stock exchanges on 9 July 2016. Thus, the companys facilities in Bavla, Naroda and Switzerland continue to be approved by the USFDA.

Dishman Pharmaceuticals consolidated net profit rose 97.2% to Rs 54.68 crore on 14.5% rise in net sales to Rs 426.94 crore in Q2 September 2016 over Q2 September 2015.

Dishman Pharmaceuticals acts as a full fledged CRAMS (contract research and manufacturing services) partner for global pharma innovators. It also makes phase transfer catalysts, Vitamin D, Vitamin D analogues, cholesterol, laolin related products, antiseptic and disinfectant formulations for pharmaceutical, cosmetic and related markets. The company also makes generic active pharmaceutical ingredients (API) and intermediates for the pharmaceutical industries.

Powered by Capital Market - Live News

Global Offshore Services provides financial update
Feb 02,2017

Global Offshore Services announced that in view of the sudden repricing of contracts by the Companys clients, even though all the Companys assets are deployed on term contracts, the cash flow of the Company has been severely affected over the past few months. As a result the Company had approached its main Lender viz., State Bank of India to reschedule the loan instalments to be repaid.

Inspite of protracted discussions with the Bank and a commitment to continue paying interest, the Company and the Bank have not been able to arrive at mutually acceptable terms for re-schedulement of the loans and as a result of non-payment of the past 3 months instalments, State Bank of India has classified the account of the Company as a nonperforming asset with effect from 29 January 2017.

Powered by Capital Market - Live News

Board of Chokhani International to consider December quarter results
Feb 02,2017

Chokhani International announced that the meeting of the Board of Directors of the Company will be held on 10 February 2017, inter alia, to consider and approve the Un - audited Financial Results for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

Board of Chokhani Global Express to consider December quarter results
Feb 02,2017

Chokhani Global Express announced that the meeting of the Board of Directors of the Company will be held on 10 February 2017, inter alia, to consider and approve the Un-audited Financial Results for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

Board of Zigma Software to consider December quarter results
Feb 02,2017

Zigma Software 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 and approve the Un-audited Financial Results of the Company and Limited Review Report by Statutory Auditors for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

Cummins India spurts after good Q3 outcome
Feb 02,2017

The result was announced after market hours yesterday, 01 February 2017.

Meanwhile, the S&P BSE Sensex was up 28.77 points, or 0.1%, to 28,165.93.

On the BSE, 2.09 lakh shares were traded on the counter so far as against the average daily volumes of 14,942 shares in the past one quarter. The stock had hit a high of Rs 919 and a low of Rs 875.10 so far during the day.

The stock had hit a 52-week high of Rs 975 on 8 February 2016 and a 52-week low of Rs 746.80 on 26 May 2016.

The large-cap company has equity capital of Rs 55.44 crore. Face value per share is Rs 2.

Cummins India is a leading manufacturer of diesel and natural gas engines for power generation, industrial and automotive markets.

Powered by Capital Market - Live News

Board of East Buildtech to consider December quarter results
Feb 02,2017

East Buildtech announced that the meeting of the Board of Directors of the Company will be held on 10 February 2017, inter alia, to consider and approve the Un-audited Financial Results for the Quarter ended 31 December 2016.

Powered by Capital Market - Live News

NLC India forays into solar power
Feb 02,2017

NLC India has successfully set up a 10 MW pilot solar power plant at a cost of Rs 75 crore near Neyveli Air Strip. The success of the project has paved way for the Company to add 130 MW (65 MW x 2) Solar Power Units at Neyveli.

The Company plans to establish 500 MW Solar Power Plant at various places of Tamil Nadu at a cost of Rs 2170 crore. The projects are part of NLCILs Solar Mission of 4000 MW in various parts of the country. The power generated from these projects would be given, totally to Tamilnadu Power Generation & Distribution Corporation (TANGEDCO), for which, necessary Power Purchase Agreement has already been signed.

NLC India has plan to generate power with a total capacity of 20,971 MW (2 Crore 9 Lakh 70 Thousand Units per hour), at the end of year, 2025, which includes Thermal Power Plants and Renewable Energy Projects. It is significant to note, NLCIs thermal power plants are fuel-sufficient. To cater the needs of all Thermal Power Plants, to be established by the company, it is proposed to increase the Lignite production capacity to6 Crore 21 Lakhs Tonnes per annum and the coal production capacity to 3 Crore 10 Lakhs Tonnes per annum.

Powered by Capital Market - Live News

Shree Renuka Sugars drops as net loss widens in Q3
Feb 02,2017

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

Meanwhile, the S&P BSE Sensex was up 28.87 points or 0.1% at 28,170.51.

On the BSE, 7.90 lakh shares were traded on the counter so far as against the average daily volumes of 5.49 lakh shares in the past one quarter. The stock had hit a high of Rs 15.30 and a low of Rs 14.50 so far during the day.

The stock had hit a 52-week high of Rs 19.18 on 15 June 2016 and a 52-week low of Rs 9.93 on 12 February 2016. The stock had outperformed the market over the past one month till 1 February 2017, advancing 11.27% compared with the Sensexs 5.69% rise. The scrip had, however, underperformed the market over the past one quarter, sliding 0.64% as against the Sensexs 0.95% rise.

The small-cap company has equity capital of Rs 92.88 crore. Face value per share is Rs 1.

Shree Renuka Sugars net sales rose 33.4% to Rs 2041.40 crore in Q3 December 2016 over Q3 December 2015.

Shree Renuka Sugars is one of the leading sugar manufacturers in India.

Powered by Capital Market - Live News

SML Isuzu gains after reporting good sales in January
Feb 02,2017

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

Meanwhile, the S&P BSE Sensex was down 16.06 points or 0.06% at 28,125.58.

On the BSE, 4,910 shares were traded on the counter so far as against the average daily volumes of 7,301 shares in the past one quarter. The stock had hit a high of Rs 1,242 and a low of Rs 1,227.40 so far during the day. The stock had hit a 52-week high of Rs 1,433.85 on 31 August 2016 and a 52-week low of Rs 645.50 on 29 February 2016.

It had outperformed the market over the past one month till 1 February 2017, rising 11.97% compared with the Sensexs 5.69% gains. The scrip had, however, underperformed the market over the past one quarter declining 9.01% as against the Sensexs 0.95% rise.

The small-cap company has equity capital of Rs 14.47 crore. Face value per share is Rs 10.

SML Isuzus net profit rose 52.4% to Rs 9.69 crore on 13.5% growth in net sales to Rs 303.08 crore in Q2 September 2016 over Q2 September 2015.

SML Isuzu is a commercial vehicle manufacturer. Sumitomo Corporation, Japan and Isuzu Motors, Japan respectively held 43.96% and 15% stake in SML Isuzu (as per the shareholding pattern as on 31 December 2016).

Powered by Capital Market - Live News

Bajaj Auto declines after poor monthly sales
Feb 02,2017

The announcement was made during market hours today, 2 February 2017.

Meanwhile, the S&P BSE Sensex was down 18.42 points or 0.07% at 28,123.22.

On the BSE, 6,724 shares were traded on the counter so far as against the average daily volumes of 18,091 shares in the past one quarter. The stock had hit a high of Rs 2,856.65 and a low of Rs 2,823.35 so far during the day.

The stock had hit a record high of Rs 3,122 on 9 September 2016 and a 52-week low of Rs 2,173.40 on 29 February 2016. The stock had outperformed the market over the past one month till 1 February 2017, advancing 8.46% compared with the Sensexs 5.69% rise. The scrip had also outperformed the market over the past one quarter, gaining 1.13% as against the Sensexs 0.95% rise.

The large-cap company has equity capital of Rs 289.37 crore. Face value per share is Rs 10.

Bajaj Autos domestic sales declined 16% to 1.35 lakh units in January 2017 over January 2016. Exports fell 19% to 1.06 lakh units in January 2017 over January 2016.

On a consolidated basis, Bajaj Autos net profit fell 5.3% to Rs 976.82 crore on 8.6% decline in net sales to Rs 4975.56 crore in Q3 December 2016 over Q3 December 2015.

Bajaj Auto is one of the leading two-and three-wheeler manufacturers in India.

Powered by Capital Market - Live News

Bajaj Auto announces sales performance
Feb 02,2017

Bajaj Auto announced that total sales declined 18% to 241917 units in January 2017 compared to 293939 units in January 2016. Total sales included domestic sales at 135188 units and exports at 106729 units, both declining 16% and 19% respectively. Total motorcycle sales declined 16% to 211824 units while commercial vehicles sales declined 27% to 30093 units in January 2017 over January 2016.

For the period April-January 2017, total sales stood at 3120240 units, declining 6% compared to corresponding period of previous year.

Powered by Capital Market - Live News

Tirupati Tyres to consider December quarter results
Feb 02,2017

Tirupati Tyres announced that the Meeting of Board of Directors of the Company will be held on 14 February 2017 to take on record and adopt the unaudited financial result of the Company for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

M&M drops after reporting weak auto sales in January
Feb 02,2017

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

Meanwhile, the S&P BSE Sensex was up 22.01 points or 0.05% at 28,155.88.

On the BSE, 32,347 shares were traded on the counter so far as against the average daily volumes of 92,429 shares in the past one quarter. The stock had hit a high of Rs 1,297.90 and a low of Rs 1,264 so far during the day.

The stock had hit a record high of Rs 1,508.80 on 9 August 2016 and a 52-week low of Rs 1,092 on 12 February 2016. It had outperformed the market over the past one month till 1 February 2017, rising 9.49% compared with the Sensexs 5.69% gains. The scrip had, however, underperformed the market over the past one quarter declining 1.94% as against the Sensexs 0.95% rise.

The large-cap company has equity capital of Rs 310.55 crore. Face value per share is Rs 5.

Mahindra & Mahindra (M&M)s total tractor sales rose 6% to 15,909 units in January 2017 over January 2016. M&Ms domestic sales rose 3% to 14,776 units in January 2017 over January 2016. Exports jumped 71% to 1,133 units January 2017 over January 2016.

M&Ms total auto sales fell 10% to 39,303 units in January 2017 over January 2016. Domestic sales declined 9% to 37,042 units in January 2017 over January 2016. Exports dropped 27% to 2,261 units January 2017 over January 2016.

Separately, M&M said before market hours today, 2 February 2017, that Mahindra Overseas Investment Company (Mauritius), (MOICML) a wholly owned subsidiary of the company has agreed to acquire upto 60% of the stake of OFD Holding BV, a fruit distribution company based in Netherlands.

Consolidated revenue of OFD Holding BV in financial year ended October 2016 was Euro 71 million. The objective of acquisition is for strategic fit and operational synergies. The indicative period of completion of acquisition is by February 2017. The acquisition would be for a consideration not exceeding Euro 5 million or Rs 36 crore. OFD will become subsidiary of MOICML and that of company.

M&Ms net profit rose 27.1% to Rs 1163.27 crore on 13.8% growth in net sales to Rs 10411.67 crore in Q2 September 2016 over Q2 September 2015.

M&M enjoys a leadership position in tractors and utility vehicles in India.

Powered by Capital Market - Live News

IWAI To Raise Govt. Serviced Bonds Of Rs.1,000 Crore In Feb-March 2017 To Partly Fund Waterways Expansion
Feb 02,2017

Inland Waterways Authority of India (IWAI) will raise Rs.1,000 crore from market in the month of February and March 2017 in two parts with Rs.500 crore each to part fund the expansion of Indias inland waterways through government serviced bonds, disclosed its Chairman, Mr. Amitabh Verma.

In addition, the Authority is anticipating a budgetary support as well extra budgetary allocations of about Rs.4,000 crore for the aforesaid purpose in the forthcoming budget for fiscal 2017-18, added Mr. Verma.

Verma explained that IWAI has planned to roll out Rs.500 crore worth of bonds after budget proposals for next fiscal are announced and that the forthcoming monetary policy is pronounced by RBI on February 7, 2017.

The second portion of it of remaining Rs.500 crore would be raised subsequently in March, clarified, Mr. Verma, emphasizing that the bonds be totally government serviced so that there is commitment of the government on these and that their subscribers have no doubts on their counter guarantees. The Authority has triple AAA ratings for issuance of these bonds from leading rating agency CRISIL.

In addition, the Chairman, IWAI also said that it was expecting a budgetary support and extra budgetary allocations for development of waterways across the country to the tune of close to Rs.4,000 crore in fiscal 2017-18 as he has received indications to this effect from its administrative Ministry.

Giving the breakup of Rs.4,000 crore of budgetary support and extra budgetary allocations, Mr. Verma pointed out that Rs.2,500 crore could come to IWAI by the government introducing an amendment to Central Road Fund Act latest by Monsoon Session if not in Budget Session.

n++The amendment would make a way for the government to apportion 5% of money out of highways and roads funds away to IWAI to enable it raise additional resources to undertake its waterways development which approximately works out to be Rs.2,500 crore in fiscal 2017-18 alonen++, said Mr. Verma exuding an optimism that the budget for 2017-18 could also have a provision of Rs.1,000 to Rs.1,500 crore of money in terms of extra budgetary allocations.

He also informed that the IWAI is developing 111 waterways across the country, development for eight of them would be taken up in the current year and 12 each in subsequent two years and the process would go on thereafter.

The President, PHD Chamber, Mr. Gopal Jiwarajka in his welcome remarks said that waterways development should be one of the top priorities of the government because it makes an economic sense with sufficiently addressing the issues relating to environment and pollution.

Powered by Capital Market - Live News