My Application Form Status

Check the status of your application form with 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

Williamson Financial Services to announce Q3 and 9M results
Jan 20,2017

Williamson Financial Services announced that the Board of Directors of the Company at its Meeting to be held on 03 February 2017, will take into consideration the un-Audited Financial Results of the Company for the quarter and nine months ended 31 December 2016.

Powered by Capital Market - Live News

Sanjivani Paranteral announces resignation of directors
Jan 20,2017

Sanjivani Paranteral announced that Mahendra Kalwankar and Narmdeshwar R Chaube, Directors of the Company have resigned as Directors w.e.f. 30 December 2016.

Powered by Capital Market - Live News

Board of Tasty Bite Eatables to consider December quarter results
Jan 20,2017

Tasty Bite Eatables announced that a meeting of the Board of Directors of the Company is scheduled to be held on 30 January 2017, to consider and approve the un-audited financial results of the Company for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

Fortis Healthcare slips after NMMC order
Jan 20,2017

The announcement was made during trading hours today, 20 January 2017.

Meanwhile, the BSE Sensex was down 137.79 points, or 0.50%, to 27,170.81.

On the BSE, so far 67,000 shares were traded in the counter, compared with average daily volumes of 1.73 lakh shares in the past one quarter. The stock had hit a high of Rs 188.70 and a low of Rs 185.50 so far during the day.

The stock hit a 52-week high of Rs 205 on 11 January 2017. The stock hit a 52-week low of Rs 141.10 on 12 February 2016.

Fortis Healthcare announced that one of the companys facility (hospital) operated and controlled by one of the subsidiary, Hiranandani Healthcare, has received an order on 18 January 2017 from Navi Mumbai Municipal Corporation (NMMC) to vacate the premises within one month. Further, the company has informed that, the management of the Hiranandani Healthcare and Fortis Healthcare are evaluating all possible legal remedies available including to challenge the said order of NMMC with appropriate authority.

Hiranandani Healthcare is based in Navi Mumbai, India.

On a consolidated basis, net profit of Fortis Healthcare declined 37.47% to Rs 38.24 crore on 10.23% rise in net sales to Rs 1176.33 crore in Q2 September 2016 over Q2 September 2015.

Fortis Healthcare is a leading integrated healthcare delivery service provider in India. The healthcare verticals of the company primarily comprise hospitals, diagnostics and day care specialty facilities.

Powered by Capital Market - Live News

Central Bank of India gains as board to consider buyback of perpetual bonds
Jan 20,2017

The announcement was made after market hours yesterday, 19 January 2017.

Meanwhile, the S&P BSE Sensex was down 113.82 points or 0.42% at 27,192.63

On BSE, so far 9,168 shares were traded in the counter as against average daily volumes of 61,020 shares in the past one quarter. The stock hit a high of Rs 84 and a low of Rs 83.25 so far during the day. The stock had hit a 52-week high of Rs 112 on 20 June 2016. The stock had hit a 52-week low of Rs 48.20 on 17 February 2016.

The large-cap bank has equity capital of Rs 1902.17 crore. Face value per share is Rs 10.

Central Bank of India reported net loss of Rs 641.82 crore in Q2 September 2016 compared with net profit of Rs 112.87 crore in Q2 September 2015. Central Bank of Indias total income decreased 1.95% to Rs 6965.45 crore in Q2 September 2016 over Q2 September 2015.

The Government of India holds 81.28% stake in Central Bank of India (as per the shareholding pattern as on 31 December 2016).

Powered by Capital Market - Live News

Shree Cement imposed with penalty of Rs 18.44 crore
Jan 20,2017

Shree Cement has been imposed with a penalty of Rs 18.44 crore by the Competition Commission of India vide its order dated 19 January 2017 for alleged contravention of provisions of the Competition Act 2002 in respect of bids submitted by them in tender floated by Director Supplies and Disposals, Haryana for supply of cement at different locations within the state. The Company will appeal against the order before the Competition Appellate Tribunal.

Powered by Capital Market - Live News

Board of India Nippon Electricals to consider December quarter results and interim dividend
Jan 20,2017

India Nippon Electricals announced that it has been decided to convene a Board Meeting on 27 January 2017 for considering the unaudited Financial Results of the Company for the quarter ended 31 December 2016 & may also consider payment of interim dividend to the shareholders for the financial year 2016-17.

Powered by Capital Market - Live News

Anshuni Commercials to consider December quarter results
Jan 20,2017

Anshuni Commercials announced that a meeting of Board of Directors of the Company is scheduled to be held on 31 January 2017, to consider and approve un-audited financial results for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

Axis Bank leads losers on BSEs A group
Jan 20,2017

Axis Bank declined 5.46% at Rs 457.30. The stock topped the losers in A group. On the BSE, 10.69 lakh shares were traded on the counter so far as against the average daily volumes of 5.14 lakh shares in the past two weeks.

Muthoot Finance slipped 3.05% at Rs 295.50. The stock was the second biggest loser in A group. On the BSE, 18,000 shares were traded on the counter so far as against the average daily volumes of 36,000 shares in the past two weeks.

Cyient fell 2.81% at Rs 464. The stock was the third biggest loser in A group. On the BSE, 3,280 shares were traded on the counter so far as against the average daily volumes of 19,000 shares in the past two weeks.

Piramal Enterprises declined 2.67% at Rs 1,785. The stock was the fourth biggest loser in A group. On the BSE, 2,601 shares were traded on the counter so far as against the average daily volumes of 13,000 shares in the past two weeks.

IIFL Holdings fell 2.55% at Rs 275.10. The stock was the fifth biggest loser in A group. On the BSE, 2,278 shares were traded on the counter so far as against the average daily volumes of 74,000 shares in the past two weeks.

Powered by Capital Market - Live News

Kolte Patil Developers to announce Q3 and 9M results
Jan 20,2017

Kolte Patil Developers announced that the Meeting of the Board of Directors of the Company will be held on 03 February 2017, inter alia, to consider and approve the unaudited Financial Results for the quarter and nine months ended on 31 December 2016 and other business as per agenda.

Powered by Capital Market - Live News

Q3 and 9M results of Super Spinning Mills to be announced
Jan 20,2017

Super Spinning Mills announced that the Board of Directors of the Company will be meeting on 31 January 2017, to consider approve and taken on record the Un-Audited Standalone Financial Results of the Company for the quarter and nine months ended 31 December 2016.

Powered by Capital Market - Live News

Board of Mangalam Timber Products to consider Q3 and 9M results
Jan 20,2017

Mangalam Timber Products announced that a meeting of Board of the Directors of the Company will be held on 07 February 2017, inter alia, to consider the Unaudited Financial Results of the company for the quarter and nine months ended 31 December 2016.

Powered by Capital Market - Live News

Tinna Rubber & Infrastructure to announce December quarter results
Jan 20,2017

Tinna Rubber & Infrastructure announced that meeting of the Board of Directors of the Company will be held on 31 January 2017, inter alia, to consider Unaudited Financial Results of the Company for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

Board of Dhanlaxmi Bank to approve December quarter results
Jan 20,2017

Dhanlaxmi Bank announced that a meeting of the Board of Directors of the Bank is scheduled to be held on 14 February 2017, inter alia, to consider/approve the financial results of the Bank for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

Vardhman Textiles to consider Q3 and 9M results
Jan 20,2017

Vardhman Textiles announced that a meeting of the Board of Directors of the Company has been scheduled to be held on 09 February 2017, inter alia, to consider and approve the Un-Audited Financial Results of the Company for the Quarter/ nine months ended 31 December 2016.

Powered by Capital Market - Live News