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

Nitin Spinners hits record high
May 08,2017

The result was announced on Saturday, 6 May 2017.

Meanwhile, the S&P BSE Sensex was up 97.90 points, or 0.33% at 29,956.70. The S&P BSE Small-cap index was up 110.28 points, 0.72% at 15,466.12.

High volumes were witnessed on the counter. On the BSE, 1.49 lakh shares were traded on the counter so far as against the average daily volumes of 69,885 shares in the past one quarter. The stock had hit a high of Rs 145 so far during the day, which is also its record high. The stock had hit a low of Rs 137.05 so far during the day.

The stock had hit a 52-week low of Rs 60.05 on 16 May 2016. The stock had outperformed the market over the past one month till 5 May 2017, advancing 3.8% compared with the Sensexs 0.39% fall. The scrip had also outperformed the market over the past one quarter advancing 55.55% as against the Sensexs 5.73% rise.

The small-cap company has equity capital of Rs 45.83 crore. Face value per share is Rs 10.

Nitin Spinners is engaged in the textiles business. The company manufactures a range of yarn which includes open end yarns, multifold open end yarns, ring spun combed yarns, multifold ring spun yarns, S and Z twist yarns, dyeable cheese cones and organic cotton yarns and blends.

Powered by Capital Market - Live News

Anjani Synthetics appoints company secretary and compliance officer
May 08,2017

Anjani Synthetics announced that the Board of Directors of the Company at its meeting held on 08 May 2017 has approved appointment of Rushabh M Shah as Company Secretary and Compliance Officer of the Company with effect from 01 May 2017.

Powered by Capital Market - Live News

Walchandnagar Inds spurts on buzz of PE investment
May 08,2017

Meanwhile, the S&P BSE Sensex was up 109.14 points, or 0.37% to 29,967.94.

On the BSE, 3.67 lakh shares were traded in the counter so far, compared with average daily volumes of 38,503 shares in the past one quarter. The stock had hit a high of Rs 168.85 and a low of Rs 155.60 so far during the day. The stock hit a 52-week high of Rs 177 on 18 October 2016. The stock hit a 52-week low of Rs 131.10 on 25 May 2016.

The stock had underperformed the market over the past one month till 5 May 2017, falling 3.90% compared with 0.23% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 3.68% as against Sensexs 5.73% rise.

The small-cap company has equity capital of Rs 7.61 crore. Face value per share is Rs 2.

According to the media report, the US private-equity giant KKR & Co will invest Rs 300 crore in Walchandnagar Industries in a structured-financing deal that will help the Mumbai-based conglomerate realign its businesses and repay some of its term loans. The transaction, approved by KKRs investment committee, will be signed in the coming week, report added.

The deal will help Walchandnagar Industries retire some of its bank loans, besides providing capital to drive growth. The funds would be mainly used for expansion of its defence business, as the group wants to strengthen its niche expertise, report suggested.

Meanwhile, Walchandnagar Industries clarified to the bourses during trading hours today, 8 May 2017, that its board accorded its consent for availing financial facility in the form of loan and non-convertible debentures (NCDs) upto Rs 235 crore, which shall be used partly for re-payment of existing loans and partly for long term working capital requirement of the company. The board has also approved issue of NCDs, on private placement basis upto Rs 150 crore out of the financial facility of Rs 235 crore, subject to the approval of shareholders. The company added that discussion with the lenders is in progress and not yet completed.

Walchandnagar Industries reported net loss of Rs 16.83 crore in Q3 December 2016, compared with net profit of Rs 3.95 crore in Q3 December 2015. Net sales fell 22.3% to Rs 99.77 crore in Q3 December 2016 over Q3 December 2015.

Walchandnagar Industries has a strong engineering, project management and manufacturing infrastructure to undertake projects and supply of machinery and equipments, in the fields of nuclear power, aerospace, missile, defence, oil & gas, steam generation plants, independent power projects, turnkey cement plants, mineral processing, bulk material handling and turnkey sugar plants.

Powered by Capital Market - Live News

Laurus Labs announces demise of director
May 08,2017

Laurus Labs announced that Amal Ganguli , an independent Director and Non-Executive Chairman of the Company, passed away on 08 May 2017 after a prolonged illness.

Powered by Capital Market - Live News

Tata Global Beverages to launch Tata Tea Fruski
May 08,2017

Tata Global Beverages plans to launch ready to drink Tea based beverage Tata Tea Fruski on 10 May 2017.

Powered by Capital Market - Live News

HSIL gets NCLT approval for composite scheme of arrangement
May 08,2017

HSIL announced that the NCLT, Kolkata Bench has passed an order dated 04 May 2017 (received by the company on 05 May 2017 ) approving the Composite Scheme of Arrangement (Scheme) between HSIL (Company), Hindware Home Retail (HHRPL) and their shareholders and creditors.

Powered by Capital Market - Live News

Set up Stressed Assets Funds for NPA resolution- ASSOCHAM
May 08,2017

While lauding the resolute steps being taken by the government and the Reserve Bank of India to tackle the stressed assets in the banking system, the ASSOCHAM has suggested also creation of Stressed Assets Funds (SAFs) with active participation of the cash rich public sector firms to turn non-performing assets (NPAs) into the performing assets.

The chamber would be fully cooperating with the government and the Reserve Bank of India in finding immediate and sustainable resolution of the non-performing assets of the public sector banks, expecting a pragmatic and a practical approach by the lenders and the regulators in the face of the situations on the ground in different sectors of the economy, that remain under stress.

The ASSOCHAM suggested creation of some kind of a Stress Asset Fund (SAF) which can help in revival of the assets under high leverage. n++Once these assets are brought back to shape, the pay-backs to the SAF can take place. Different forms of the SAFs can be thought of, including some of which can be neutral to creating a hole in the government finances.

Some of the cash rich public sector companies can be encouraged to participate either in the SAFs or take over some of the assets where the present promoter wants to exit. With the green shoots in several of the sectors, this could even be an opportunity for the government or special purpose vehicles to buy assets at much lower valuationsn++, the chamber said.

Lauding the governments move to amend the Banking Regulation Act, along with enabling changes in other related laws, the chamber said while empowering the RBI to help the banks by way of oversight committees was a welcome move, more would be required.

n++The key would be to have persons of high integrity on these oversight committees, which then should be given all out support from the government to help the lenders resolve the top NPA accounts within a time bound period. What is equally important is that the persons mandated with the task can rest assured that they would be no fear of vigilance bodies after decisions involving some losses for the sake of reviving the stresses assets are taken in good faith,n++ said ASSOCHAM President Mr Sandeep Jajodia.

Once the resolution mechanism worked out by the individual banks or Joint Lenders Forum is approved by the RBIs Oversees Committees, the bank officials implementing the resolution should be given a free hand without any fear of future probes, so that viable commercial decisions are taken.

In cases where the stressed assets or NPAs can be turned back into healthy assets, the existing promoters should be extended adequate working capital for the purpose.

He said barring very few and exceptional cases, most of the NPAs in stressed sectors like steel, power, telecom or infrastructure, have resulted from adverse business cycles marked by crash in commodity prices , making investments worth several lakhs of crores of rupees unviable. n++This is a world wide phenomenonn++.

What is important is that in some of the sectors, policy measures like the ones seen in steel, are seen to be helping. A similar approach is required in power, roads, ports and airports. The issues between the concessionaires and the state authorities as also with the green tribunals should be resolved without any delay and the projects be brought back on viability route.

It impressed upon the RBI to quickly clear all the pending applications from foreign investors for setting up Asset Reconstruction Companies in India, giving them a clear-cut framework for business of asset reconstruction.

Powered by Capital Market - Live News

Vikas Ecotech wins prestigious order from petrochemical giant - Mexichem
May 08,2017

Vikas Ecotech has won a prestigious commercial order to supply Organotin stabilizers from Mexichem. This is Vikas Ecotechs first commercial order from the petrochemical giant through its Columbian subsidiary. The Organatic stabilizer supplied by the Company will be used in the manufacturing of food-grade PVC Compounds/ Pipes.

Powered by Capital Market - Live News

Natco Pharma launches generic version of Epclusan++ in India
May 08,2017

Natco Pharma has launched a generic version of sofosbuvir 400 mg / velpatasvir 100 mg fixed dose combination in India. Sofosbuvir 400 mg / velpatasvir 100 mg fixed dose combination is sold by Gilead Sciences, Inc., globally, under the brand name Epclusan++.

Epclusan++ is the first all-oral, pan-genotypic, single tablet regimen for thetreatment of adults with genotype 1-6 chronic hepatitis C virus (HCV)infection. Epclusa is a prescription medicine used to treat adults with chronic (lasting a long time) hepatitis C (Hep C) genotype 1, 2, 3, 4, 5, or 6 infection with or without cirrhosis (compensated).

Natco will market sofosbuvir 400 mg / velpatasvir 100 mg under the brand name VELPANAT. Natco priced its generic medicine of VELPANAT at an MRP of Rs 18,500/- for a bottle of 28 tablets in India. Natco has signed a nonexclusive licensing agreement with Gilead Sciences, Inc., to manufacture and sell generic versions of its chronic hepatitis C medicines in 101 developing countries.

Powered by Capital Market - Live News

Goa Carbon temporarily shuts down Bilaspur plant
May 08,2017

Goa Carbon announced that the operations at the Companys Bilaspur Plant located at 34-40, Sector B, Sirgitti Industrial Area, Bilaspur (Chattisgarh) has been temporarily shut down for maintenance work from Friday, 05 May 2017. There would not be any financial impact due to the temporary shutdown of the Companys Bilaspur Unit as there is sufficient inventory to service the orders in hand.

Powered by Capital Market - Live News

Goa Carbon resumes operations at its Paradeep unit
May 08,2017

Goa Carbon announced that operations have been resumed at the Companys Paradeep Unit located at Vill. Udayabata, Paradeep. Dist. Jagatsinghpur, Odisha since 08 May 2017. The Company had previously shut down the unit for regular maintenance.

Powered by Capital Market - Live News

Board of NIIT Technologies recommends final dividend
May 08,2017

NIIT Technologies announced that the Board of Directors of the Company at its meeting held on 5 May 2017, inter alia, have recommended the final dividend of Rs 12.5 per equity Share (i.e. 125%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Apollo Tyres to hold AGM
May 08,2017

Apollo Tyres announced that the 44th Annual General Meeting (AGM) of the company will be held on 5 July 2017.

Powered by Capital Market - Live News

Kanco Enterprises to hold board meeting
May 08,2017

Kanco Enterprises will hold a meeting of the Board of Directors of the Company on 15 May 2017, to consider appointment of Company Secretary.

Powered by Capital Market - Live News

Board of Apollo Tyres recommends final dividend
May 08,2017

Apollo Tyres announced that the Board of Directors of the Company at its meeting held on 5 May 2017, inter alia, have recommended the final dividend of Rs 3 per equity Share (i.e. 300%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News