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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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New order boosts Ujaas Energy
Nov 07,2016

The announcement was made after market hours on Friday, 4 November 2016.

Meanwhile, the S&P BSE Sensex was up 232.33 points or 0.85% at 27,506.48.

On BSE, so far 3.73 lakh shares were traded in the counter as against average daily volume of 3.71 lakh shares in the past one quarter. The stock hit a high of Rs 37.45 and a low of Rs 36 so far during the day. The stock had hit a 52-week high of Rs 40.20 on 3 November 2016. The stock had hit a 52-week low of Rs 15.60 on 9 November 2015. The stock had outperformed the market over the past one month till 4 November 2016, surging 50.11% compared with 3.74% fall in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 57.49% as against Sensexs 1.59% fall.

The small-cap company has equity capital of Rs 20 crore. Face value per share is Re 1.

Ujaas Energys net profit surged 196% to Rs 9.71 crore on 129.9% rise in net sales to Rs 121.15 crore in Q2 September 2016 over Q2 September 2015.

Ujaas Energy is engaged in design of various products and solutions for producing clean energy.

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UCO Bank gains after raising capital
Nov 07,2016

The announcement was made after market hours on Friday, 4 November 2016.

Meanwhile, the S&P BSE Sensex was up 231.48 points or 0.85% at 27,505.63.

On BSE, so far 42,396 shares were traded in the counter as against average daily volume of 1.63 lakh shares in the past one quarter. The stock hit a high of Rs 33.50 and a low of Rs 33 so far during the day. The stock had hit a 52-week high of Rs 50.15 on 12 January 2015. The stock had hit a 52-week low of Rs 27.80 on 15 February 2016. The stock had underperformed the market over the past one month till 4 November 2016, dropping 13.01% compared with the Sensexs 3.74% fall. The scrip had also underperformed the market in past one quarter, declining 24.54% as against the Sensexs 1.59% decline.

The mid-cap bank has equity capital of Rs 1488.03 crore. Face value per share is Rs 10.

UCO Bank announced that it raised non-convertible, unsecured, subordinated fully paid-up Basel III compliant perpetual debt instruments eligible for inclusion in additional tier I capital of Rs 750 crore through private placement.

UCO Bank reported net loss of Rs 440.56 crore in Q1 June 2016 compared with net profit of Rs 256.70 crore in Q1 June 2015. Total income declined 8.5% to Rs 4727.93 crore in Q1 June 2016 over Q1 June 2015.

The Government of India held 77.54% stake in UCO Bank (as per the shareholding pattern as on 30 September 2016).

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US stocks drop despite mixed job report
Nov 07,2016

U.S. stocks failed to defend gains on Friday, 04 November 2016 with the S&P 500 ending lower for a ninth straight session in the longest losing streak since December 1980. Equity indices began the day on a modestly higher note as a mixed reading of the Employment Situation Report for October did little to alter the rate hike picture for December.

But the major averages finished near session lows as six sectors ended in the red. The consumer staples sector ended behind financials and energy while health care, materials and industrials led the pack.

The Dow Jones Industrial Average slid 42.39 points, or 0.2%, to finish at 17,888.28 for a weekly drop of 1.5%. The Nasdaq Composite Index fell 12.04 points, or 0.2%, to end at 5,046.37, also marking a nine-day drop while closing out the week 2.8% lower. The S&P 500 shed 3.48 points, or 0.2%, to close at 2,085.18, falling 1.9% for the week. The streak has been long, but shallow, with the index shedding just a little more than 3% over the nine-day run.

Latest job report from Labor Department showed that the U.S. added 161,000 new jobs in October, and the unemployment rate fell to 4.9% from 5%, though remained near an eight-year low. Hourly pay, meanwhile, has climbed by 2.8% over the past year, the fastest 12-month rise since June 2009.The report reflected a tight labor market thats forced firms scrambling to fill open positions to increase pay at the fastest pace since 2009.

Separate report showed that the U.S. trade gap shrank to $36.4 billion from a revised $40.5 billion in August.

Atlanta Fed President Dennis Lockhart, who is scheduled to step down in February, said interest rates would stabilize at a lower level than in past expansions after very gradual hikes over the next two years.

Crude oil futures ended at a more-than-six-week low on Friday, 04 November 2016 posting a nearly 10% weekly slide as traders dealt with uncertainty surrounding a plan by the Organization of the Petroleum Exporting Countries to curb output. Prices fell sharply after reports that Saudi Arabia threatened to raise its oil production if Iran refused cap its output.

West Texas Intermediate crude for delivery in December fell 59 cents, or 1.3%, to settle at $44/barrel o\n the New York Mercantile Exchange, after tapping a low of $43.57. Futures lost 9.5% for the week, which marked the largest weekly percentage loss since mid-January.

January Brent crude fell 77 cents, or 1.7%, to $45.58 a barrel, with prices based on the most-active contracts down by more than 8% for the week, FactSet data show. Prices for the January contract lost just over 10% for the week. The settlement was the lowest since early September.

Crude oil prices fell to a fresh 6-week low following comments from Saudi Arabia, stating they would raise output to 11-12 mln barrels/day with the intention of bringing prices down if Iran does not agree to limit its own oil supply. Iran continues to take the position that they should be exempt from an OPEC oil output cut due to years of missed revenue from previously imposed sanctions by America. Saudi Arabias most recent production levels were around 10.5-10.7 mln barrels/day.

Bullion prices finished on a mixed mode on Friday, 4 November 2016 at Comex. Gold futures settled with a modest gain on Friday to tally more than 2% climb for the week, as uncertainty surrounding the U.K.s exit from the European Union and the coming U.S. election raised the metals attractiveness as a haven. U.S. data showed a sizable October gain in new jobs, further lifting the prospects for a Federal Reserve interest-rate increase in Decembern++a prospect thats weighed on gold in the past.

Gold for December delivery rose $1.20, or less than 0.1%, to settle at $1,304.50 an ounce. Prices saw weekly gain of 2.2%, which marked the metals fourth-consecutive weekly gain. December silver reversed from earlier gains to lost 4.5 cents, or 0.2%, to end at $18.371 an ounce, paring its weekly rise to roughly 3.2%.

Treasuries finished on a higher note as the long end of the curve outperformed. The yield on the 2-yr note finished lower by two basis points (0.79%) while the yield on the 10-yr note ended lower by four basis points (1.77%).

Fridays trading volume was above the average of 861 million as more than 892 million shares changed hands at the NYSE floor.

Mondays economic calendar is limited to Consumer Credit for September (consensus $17.5 billion), which will cross the wires at 15:00 ET.

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Improvement in Ease of Doing Business Ranking Inspiring: PHD Chamber
Nov 07,2016

While appreciating the importance in Ease of Doing Business to the rank of 130 by the World Bank, Dr. Mahesh Gupta, President, PHD Chamber of Commerce and Industry said that lot of things at the ground level are becoming visible and the business community is enthusiastic to enhance its growth trajectory going forward.

India is now ranked at 130th among 190 economies by the World Bank.

Implementation of the Insolvency and Bankruptcy code would improve the ranking further. It is also expected that the goods and services tax will help make significant improvement in Indias ranking next year, he said.

Going ahead, President, PHD Chamber, Dr. Mahesh Gupta suggested that the Government must focus on the reforms in labour laws and decriminalization of businesses as stringent labour laws are a major roadblock to enhance production possibility frontiers and employment generation in the economy.

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Pfizer gains after reporting good Q2 results
Nov 07,2016

The result was announced after market hours on Friday, 4 November 2016.

Meanwhile, the BSE Sensex was up 233.68 points, or 0.87%, to 27,512.59.

On BSE, so far 2,951 shares were traded in the counter, compared with an average volume of 2,595 shares in the past one quarter. The stock hit a high of Rs 1,864.85 and a low of Rs 1,800 so far during the day. The stock hit a 52-week high of Rs 2,648 on 24 November 2015. The stock hit a 52-week low of Rs 1,611 on 21 March 2016. The stock had underperformed the market over the past one month till 4 November 2016, dropping 6.45% compared with the Sensexs 3.74% fall. The scrip had also underperformed the market in past one quarter, declining 8.52% as against the Sensexs 1.59% decline.

The mid-cap company has an equity capital of Rs 45.75 crore. Face value per share is Rs 10.

Pfizer said that the Q2 results witnessed the full impact of the price reductions announced by the Government between March and June of this year. Revenue has been impacted by Rs 22 crore due to these price reductions with the impact being felt most in mid-tier and tail brands. Excluding the impact of price reductions, revenue growth for Q2 would have been 9%, it added.

During Q2 September 2016, the company on completion of requisite formalities and receipt of necessary regulatory approvals has concluded the transfer of four brands for a consideration of Rs 110 crore. The consideration net of direct expenses and adjustment for proportionate allocation of fair value of consideration has been reflected as an exceptional item.

Pfizer is a leading biopharmaceutical company.

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PNB Housing Finance trades with modest premium on debut
Nov 07,2016

Meanwhile, the S&P BSE Sensex was up 249.60 points or 0.92% at 27,523.75.

On BSE, so far 39.11 lakh shares were traded in the counter. The stock made its debut on the bourses at Rs 863, a premium of 11.35% over its initial public offer (IPO) of Rs 775 per share. The stock hit a high of Rs 902.80 and a low of Rs 860.05 so far during the day.

The IPO of PNB Housing Finance saw strong response from investors. The IPO was subscribed 29.55 times. The issue price was fixed at top end of the price band of Rs 750 to Rs 775 per share.

PNB Housing Finance is the fifth largest housing finance company (HFC) in India by the size of loan portfolio. The company offers housing loans as well as non-housing loans such as loans against property (LAP), non-residential premises loans (NRPL), lease rental discounting (LRD), and corporate term loans (CTL).

PNB Housing Finance reported a profit after tax (PAT) of Rs 327.57 crore on income from operations of Rs 2699.54 crore in the financial year ended March 2016.

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Tera Software standalone net profit rises 261.22% in the September 2016 quarter
Nov 07,2016

Net profit of Tera Software rose 261.22% to Rs 3.54 crore in the quarter ended September 2016 as against Rs 0.98 crore during the previous quarter ended September 2015. Sales rose 479.72% to Rs 69.45 crore in the quarter ended September 2016 as against Rs 11.98 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales69.4511.98 480 OPM %9.5629.97 - PBDT5.962.43 145 PBT5.381.75 207 NP3.540.98 261

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Lokesh Machines standalone net profit declines 46.39% in the September 2016 quarter
Nov 07,2016

Net profit of Lokesh Machines declined 46.39% to Rs 0.52 crore in the quarter ended September 2016 as against Rs 0.97 crore during the previous quarter ended September 2015. Sales rose 17.60% to Rs 34.08 crore in the quarter ended September 2016 as against Rs 28.98 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales34.0828.98 18 OPM %20.1024.88 - PBDT2.793.42 -18 PBT0.771.39 -45 NP0.520.97 -46

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Comfort Commotrade standalone net profit rises 222.22% in the September 2016 quarter
Nov 07,2016

Net profit of Comfort Commotrade rose 222.22% to Rs 0.29 crore in the quarter ended September 2016 as against Rs 0.09 crore during the previous quarter ended September 2015. Sales rose 833.33% to Rs 0.28 crore in the quarter ended September 2016 as against Rs 0.03 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.280.03 833 OPM %125.00666.67 - PBDT0.370.19 95 PBT0.360.18 100 NP0.290.09 222

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Beryl Securities standalone net profit rises 1333.33% in the September 2016 quarter
Nov 07,2016

Net profit of Beryl Securities rose 1333.33% to Rs 0.86 crore in the quarter ended September 2016 as against Rs 0.06 crore during the previous quarter ended September 2015. Sales rose 12.50% to Rs 0.18 crore in the quarter ended September 2016 as against Rs 0.16 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.180.16 13 OPM %77.7850.00 - PBDT0.140.08 75 PBT0.130.07 86 NP0.860.06 1333

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Ranjit Securities standalone net profit rises 1100.00% in the September 2016 quarter
Nov 07,2016

Net profit of Ranjit Securities rose 1100.00% to Rs 0.12 crore in the quarter ended September 2016 as against Rs 0.01 crore during the previous quarter ended September 2015. Sales rose 380.00% to Rs 0.24 crore in the quarter ended September 2016 as against Rs 0.05 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.240.05 380 OPM %75.0020.00 - PBDT0.180.01 1700 PBT0.180.01 1700 NP0.120.01 1100

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Trimurthi standalone net profit declines 50.00% in the September 2016 quarter
Nov 07,2016

Net profit of Trimurthi declined 50.00% to Rs 0.03 crore in the quarter ended September 2016 as against Rs 0.06 crore during the previous quarter ended September 2015. Sales reported to Rs 0.40 crore in the quarter ended September 2016. There were no Sales reported during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.400 0 OPM %7.500 - PBDT0.050.14 -64 PBT0.030.08 -63 NP0.030.06 -50

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SMS Pharmaceuticals standalone net profit rises 7.91% in the September 2016 quarter
Nov 07,2016

Net profit of SMS Pharmaceuticals rose 7.91% to Rs 11.32 crore in the quarter ended September 2016 as against Rs 10.49 crore during the previous quarter ended September 2015. Sales rose 18.45% to Rs 168.01 crore in the quarter ended September 2016 as against Rs 141.84 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales168.01141.84 18 OPM %16.8515.91 - PBDT23.6418.43 28 PBT17.4213.69 27 NP11.3210.49 8

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Sarda Proteins reports standalone nil net profit/loss in the September 2016 quarter
Nov 07,2016

Sarda Proteins reported no net profit/loss in the quarter ended September 2016 as against net loss of Rs 0.07 crore during the previous quarter ended September 2015. Sales rose 323.53% to Rs 1.44 crore in the quarter ended September 2016 as against Rs 0.34 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.440.34 324 OPM %0-23.53 - PBDT0-0.08 100 PBT0-0.08 100 NP0-0.07 100

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Beryl Drugs standalone net profit declines 37.50% in the September 2016 quarter
Nov 07,2016

Net profit of Beryl Drugs declined 37.50% to Rs 0.10 crore in the quarter ended September 2016 as against Rs 0.16 crore during the previous quarter ended September 2015. Sales declined 25.93% to Rs 3.00 crore in the quarter ended September 2016 as against Rs 4.05 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3.004.05 -26 OPM %9.009.38 - PBDT0.220.33 -33 PBT0.120.20 -40 NP0.100.16 -38

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