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

Majestic Research Services & Solutions provides update on its follow-on public offer
Nov 25,2016

Majestic Research Services & Solutions has priced its follow-on public offer at a price band of Rs 106-114 to raise Rs 10 crore through book built issue. The Company has received nod from the Registrar of Companies along with all necessary approvals for the FPO, following which the issue will open on 28 November 2016 and close on 05 December 2016.

The Company which got listed on SME platform on July 2015, will achieve the distinction of being the first company on SME platform to come up with a follow on offer.

Powered by Capital Market - Live News

Ansal Properties & Infrastructure to announce Q2 and HY results
Nov 25,2016

Ansal Properties & Infrastructure announced that a meeting of the Board of Directors of the Company shall be held on 07 December 2016, inter alia, to consider and approve the matter related to the approval of the Un-Audited Financial Results for the 2nd quarter /half year ended on the 30 September 2016 of the Financial Year 2016-17. This is being subjected to Limited Review by the Statutory Auditors of the Company.

Powered by Capital Market - Live News

Board of Borosil Glass Works approves draft scheme of merger
Nov 25,2016

The Board of Directors of Borosil Glass Works at its meeting held on 25 November 2016 has approved draft scheme of merger of Hopewell Tableware, Vyline Glass Works and Fennel Investment and Finance with the Company.

Powered by Capital Market - Live News

Board of Sundaram Finance appoints director
Nov 25,2016

Sundaram Finance announced that at the Board Meeting held on 25 November 2016, Rajiv C. Lochan has been appointed as an Independent Director on the Board.

Powered by Capital Market - Live News

Board of Tide Water Oil Co (I) declares 1st interim dividend
Nov 25,2016

Tide Water Oil Co (I) announced that the Board of Directors, at its meeting held on 25 November 2016:

1. Declared 1st Interim Dividend of 1000% (Rs. 50) per ordinary share for the year 2016-17.

2. Subject to approval of the shareholders, extended term of appointment of R.N. Ghosal, Managing Director till the close of business on 28 February 2019.

Powered by Capital Market - Live News

Karuturi Global reports standalone net loss of Rs 3.89 crore in the September 2016 quarter
Nov 25,2016

Net Loss of Karuturi Global reported to Rs 3.89 crore in the quarter ended September 2016 as against net loss of Rs 5.28 crore during the previous quarter ended September 2015. Sales declined 28.26% to Rs 2.64 crore in the quarter ended September 2016 as against Rs 3.68 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.643.68 -28 OPM %-11.361.63 - PBDT-2.66-5.19 49 PBT-2.94-5.35 45 NP-3.89-5.28 26

Powered by Capital Market - Live News

Bata India standalone net profit declines 36.37% in the September 2016 quarter
Nov 25,2016

Net profit of Bata India declined 36.37% to Rs 34.59 crore in the quarter ended September 2016 as against Rs 54.36 crore during the previous quarter ended September 2015. Sales rose 1.55% to Rs 583.43 crore in the quarter ended September 2016 as against Rs 574.53 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales583.43574.53 2 OPM %9.178.37 - PBDT66.3157.22 16 PBT50.3538.02 32 NP34.5954.36 -36

Powered by Capital Market - Live News

Opto Circuits (India) reports consolidated net loss of Rs 258.72 crore in the September 2016 quarter
Nov 25,2016

Net loss of Opto Circuits (India) reported to Rs 258.72 crore in the quarter ended September 2016 as against net profit of Rs 62.14 crore during the previous quarter ended September 2015. Sales declined 40.24% to Rs 46.67 crore in the quarter ended September 2016 as against Rs 78.10 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales46.6778.10 -40 OPM %-361.1740.19 - PBDT-176.6531.70 PL PBT-181.7224.33 PL NP-258.7262.14 PL

Powered by Capital Market - Live News

Opto Circuits (India) reports standalone net loss of Rs 247.48 crore in the September 2016 quarter
Nov 25,2016

Net Loss of Opto Circuits (India) reported to Rs 247.48 crore in the quarter ended September 2016 as against net loss of Rs 4.20 crore during the previous quarter ended September 2015. Sales declined 29.30% to Rs 14.38 crore in the quarter ended September 2016 as against Rs 20.34 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales14.3820.34 -29 OPM %-1155.6351.97 - PBDT-168.56-1.58 -10568 PBT-170.86-3.94 -4237 NP-247.48-4.20 -5792

Powered by Capital Market - Live News

Flex Foods standalone net profit declines 0.83% in the September 2016 quarter
Nov 25,2016

Net profit of Flex Foods declined 0.83% to Rs 1.19 crore in the quarter ended September 2016 as against Rs 1.20 crore during the previous quarter ended September 2015. Sales rose 9.57% to Rs 20.72 crore in the quarter ended September 2016 as against Rs 18.91 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales20.7218.91 10 OPM %16.2617.50 - PBDT2.643.03 -13 PBT1.422.00 -29 NP1.191.20 -1

Powered by Capital Market - Live News

Escorts Finance reports standalone net loss of Rs 0.02 crore in the September 2016 quarter
Nov 25,2016

Net loss of Escorts Finance reported to Rs 0.02 crore in the quarter ended September 2016 as against net profit of Rs 0.24 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 and during the previous quarter ended September 2015.

Powered by Capital Market - Live News

Jindal Poly Films consolidated net profit declines 22.83% in the September 2016 quarter
Nov 25,2016

Net profit of Jindal Poly Films declined 22.83% to Rs 77.10 crore in the quarter ended September 2016 as against Rs 99.91 crore during the previous quarter ended September 2015. Sales declined 0.05% to Rs 1842.13 crore in the quarter ended September 2016 as against Rs 1842.99 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1842.131842.99 0 OPM %8.8613.28 - PBDT172.32217.48 -21 PBT103.83154.05 -33 NP77.1099.91 -23

Powered by Capital Market - Live News

Aegis Logistics consolidated net profit rises 1.32% in the September 2016 quarter
Nov 25,2016

Net profit of Aegis Logistics rose 1.32% to Rs 26.96 crore in the quarter ended September 2016 as against Rs 26.61 crore during the previous quarter ended September 2015. Sales rose 36.57% to Rs 675.34 crore in the quarter ended September 2016 as against Rs 494.49 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales675.34494.49 37 OPM %7.029.35 - PBDT44.6744.03 1 PBT38.5038.22 1 NP26.9626.61 1

Powered by Capital Market - Live News

M3 Global Finance reports standalone nil net profit/loss in the September 2016 quarter
Nov 25,2016

M3 Global Finance reported no net profit/loss in the quarter ended September 2016 and during the previous quarter ended September 2015. Sales remain constant at Rs 0.02 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.020.02 0 OPM %00 - PBDT00 0 PBT00 0 NP00 0

Powered by Capital Market - Live News

Jindal Poly Films standalone net profit declines 4.72% in the September 2016 quarter
Nov 25,2016

Net profit of Jindal Poly Films declined 4.72% to Rs 40.14 crore in the quarter ended September 2016 as against Rs 42.13 crore during the previous quarter ended September 2015. Sales declined 5.12% to Rs 617.74 crore in the quarter ended September 2016 as against Rs 651.07 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales617.74651.07 -5 OPM %8.4212.64 - PBDT67.5977.56 -13 PBT49.1463.83 -23 NP40.1442.13 -5

Powered by Capital Market - Live News