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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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Agenda for board meeting of Abhishek Finlease
Nov 09,2016

Abhishek Finlease announced that a meeting of the Board of Directors of the Company will be held on 14 November 2016, to be transacted are mentioned below:

1. To approve the Unaudited Financial Results of quarter ending September and Financial Statement of half year ended September 2016.

2. To Approve and consider the resignation of the director Prashant Barot.

3. To take note of statutory compliances of Listing Agreement.

4. Review the working of the Company since the last Board meeting.

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HEG tumbles after reverse turnaround in Q2
Nov 09,2016

The result was announced after market hours yesterday, 8 November 2016.

Meanwhile, the S&P BSE Sensex was down 694.07 points or 2.52% at 26,897.07.

On BSE, so far 7,013 shares were traded in the counter as against average daily volume of 4,490 shares in the past one quarter. The stock hit a high of Rs 162 and a low of Rs 149.35 so far during the day. The stock had hit a 52-week low of Rs 116.10 on 17 February 2016. The stock had hit a 52-week high of Rs 203 on 16 September 2016. The stock had underperformed the market over the past one month till 8 November 2016, sliding 2.85% compared with 1.67% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, advancing 3.67% as against Sensexs 2.1% fall.

The small-cap company has equity capital of Rs 39.96 crore. Face value per share is Rs 10.

HEGs total income from operations declined 23.23% to Rs 199.77 crore in Q2 September 2016 over Q2 September 2015.

HEG is the leading manufacturer and exporter of graphite electrodes in India.

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Board of Seya Industries approved allotment of shares and warrants
Nov 09,2016

Seya Industries announced that the Board of Directors of the Company at its meeting held on 08 November 2016 transacted the following -

Allotment of 70.50 lakh equity shares to Promoters and 23 lakh equity shares to Non-Promoters.

Allotment of 38.50 lakh warrants to Promoters and 4 lakh equity shares to Non-Promoters.

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Ashish Polyplast standalone net profit rises 25.00% in the September 2016 quarter
Nov 09,2016

Net profit of Ashish Polyplast rose 25.00% to Rs 0.05 crore in the quarter ended September 2016 as against Rs 0.04 crore during the previous quarter ended September 2015. Sales rose 12.45% to Rs 2.89 crore in the quarter ended September 2016 as against Rs 2.57 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.892.57 12 OPM %6.575.84 - PBDT0.130.10 30 PBT0.080.06 33 NP0.050.04 25

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Bombay Burmah Trading Corporation reports standalone net loss of Rs 9.98 crore in the September 2016 quarter
Nov 09,2016

Net Loss of Bombay Burmah Trading Corporation reported to Rs 9.98 crore in the quarter ended September 2016 as against net loss of Rs 6.41 crore during the previous quarter ended September 2015. Sales rose 10.40% to Rs 66.75 crore in the quarter ended September 2016 as against Rs 60.46 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales66.7560.46 10 OPM %-5.62-1.22 - PBDT-8.15-4.81 -69 PBT-9.98-6.41 -56 NP-9.98-6.41 -56

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Entertainment Network (India) standalone net profit declines 70.77% in the September 2016 quarter
Nov 09,2016

Net profit of Entertainment Network (India) declined 70.77% to Rs 7.89 crore in the quarter ended September 2016 as against Rs 26.99 crore during the previous quarter ended September 2015. Sales rose 10.96% to Rs 128.08 crore in the quarter ended September 2016 as against Rs 115.43 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales128.08115.43 11 OPM %18.0632.88 - PBDT25.3447.41 -47 PBT11.3637.17 -69 NP7.8926.99 -71

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Vandana Knitwear reports standalone net loss of Rs 0.04 crore in the September 2016 quarter
Nov 09,2016

Net loss of Vandana Knitwear reported to Rs 0.04 crore in the quarter ended September 2016 as against net profit of Rs 0.03 crore during the previous quarter ended September 2015. Sales declined 87.60% to Rs 0.15 crore in the quarter ended September 2016 as against Rs 1.21 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.151.21 -88 OPM %-33.334.96 - PBDT-0.050.06 PL PBT-0.050.05 PL NP-0.040.03 PL

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Walchand Peoplefirst standalone net profit declines 29.75% in the September 2016 quarter
Nov 09,2016

Net profit of Walchand Peoplefirst declined 29.75% to Rs 0.85 crore in the quarter ended September 2016 as against Rs 1.21 crore during the previous quarter ended September 2015. Sales rose 14.01% to Rs 7.00 crore in the quarter ended September 2016 as against Rs 6.14 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales7.006.14 14 OPM %14.8623.62 - PBDT1.341.72 -22 PBT1.231.64 -25 NP0.851.21 -30

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Hitech Plast standalone net profit declines 27.60% in the September 2016 quarter
Nov 09,2016

Net profit of Hitech Plast declined 27.60% to Rs 3.20 crore in the quarter ended September 2016 as against Rs 4.42 crore during the previous quarter ended September 2015. Sales rose 41.81% to Rs 97.35 crore in the quarter ended September 2016 as against Rs 68.65 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales97.3568.65 42 OPM %9.5814.86 - PBDT8.127.88 3 PBT4.905.72 -14 NP3.204.42 -28

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Assam Petrochemicals reports standalone net loss of Rs 3.66 crore in the September 2016 quarter
Nov 09,2016

Net Loss of Assam Petrochemicals reported to Rs 3.66 crore in the quarter ended September 2016 as against net loss of Rs 7.84 crore during the previous quarter ended September 2015. Sales rose 4.06% to Rs 16.15 crore in the quarter ended September 2016 as against Rs 15.52 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales16.1515.52 4 OPM %-25.14-55.35 - PBDT-3.32-7.44 55 PBT-3.61-7.79 54 NP-3.66-7.84 53

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Orient Bell standalone net profit rises 133.33% in the September 2016 quarter
Nov 09,2016

Net profit of Orient Bell rose 133.33% to Rs 3.36 crore in the quarter ended September 2016 as against Rs 1.44 crore during the previous quarter ended September 2015. Sales declined 11.97% to Rs 159.66 crore in the quarter ended September 2016 as against Rs 181.36 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales159.66181.36 -12 OPM %7.845.69 - PBDT9.286.38 45 PBT6.172.74 125 NP3.361.44 133

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Gujarat Themis Biosyn standalone net profit declines 23.85% in the September 2016 quarter
Nov 09,2016

Net profit of Gujarat Themis Biosyn declined 23.85% to Rs 0.83 crore in the quarter ended September 2016 as against Rs 1.09 crore during the previous quarter ended September 2015. Sales rose 1.82% to Rs 8.40 crore in the quarter ended September 2016 as against Rs 8.25 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales8.408.25 2 OPM %14.8816.73 - PBDT1.201.39 -14 PBT0.931.09 -15 NP0.831.09 -24

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Stellar Q2 numbers boosts VA Tech Wabag counter
Nov 09,2016

The result was announced after market hours yesterday, 8 November 2016.

Meanwhile, the S&P BSE Sensex was down 714.74 points or 2.59% at 26,876.40.

On BSE, so far 9,795 shares were traded in the counter as against average daily volume of 9,077 shares in the past one quarter. The stock hit a high of Rs 487 and a low of Rs 450 so far during the day. The stock had hit a 52-week high of Rs 766.55 on 17 November 2015. The stock had hit a 52-week low of Rs 409.30 on 1 March 2016. The stock underperformed the market over the past one month till 8 November 2016, dropping 15.68% compared with the Sensexs 1.67% fall. The scrip also underperformed the market in past one quarter, declining 15.68% as against the Sensexs 2.1% decline.

The mid-cap company has equity capital of Rs 10.90 crore. Face value per share is Rs 2.

Commenting on the results, Rajiv Mittal Managing Director of the company said that the good order book that company built over the last year translated into good topline and bottom line growth in Q2 September 2016.

VA Tech Wabag is a leading multinational company specialized in water and waste water management.

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Dhunseri Tea & Industries standalone net profit declines 20.55% in the September 2016 quarter
Nov 09,2016

Net profit of Dhunseri Tea & Industries declined 20.55% to Rs 13.03 crore in the quarter ended September 2016 as against Rs 16.40 crore during the previous quarter ended September 2015. Sales rose 1.89% to Rs 54.57 crore in the quarter ended September 2016 as against Rs 53.56 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales54.5753.56 2 OPM %33.6440.57 - PBDT18.1121.17 -14 PBT16.4819.72 -16 NP13.0316.40 -21

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Kamanwala Housing Construction reports standalone net profit of Rs 0.22 crore in the September 2016 quarter
Nov 09,2016

Net profit of Kamanwala Housing Construction reported to Rs 0.22 crore in the quarter ended September 2016 as against net loss of Rs 3.17 crore during the previous quarter ended September 2015. Sales declined 24.71% to Rs 4.54 crore in the quarter ended September 2016 as against Rs 6.03 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales4.546.03 -25 OPM %-9.47-29.85 - PBDT0.28-3.10 LP PBT0.21-3.17 LP NP0.22-3.17 LP

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