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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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Marksans Pharma spurts after UK MHRA completes inspection of Goa plant
Feb 20,2017

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

Meanwhile, the BSE Sensex was up 93.29 points, or 0.33%, to 28,562.04.

On the BSE, so far 85.26 lakh shares were traded in the counter, compared with average daily volumes of 3.66 lakh shares in the past one quarter. The stock had hit a high of Rs 48.70 and a low of Rs 41.65 so far during the day.

The stock hit a 52-week high of Rs 58.30 on 4 October 2016. The stock hit a 52-week low of Rs 33.45 on 1 March 2016. The stock had underperformed the market over the past 30 days till 17 February 2017, rising 2.27% compared with the 4.25% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 5.03% as against Sensexs 8.87% rise.

The small-cap company has equity capital of Rs 40.93 crore. Face value per share is Re 1.

Marksans Pharma said that its plant located at L-82 and L-83, Verna Industrial Estate, Verna, Goa - 403 722 has had an inspection by UK Medicines and Healthcare products Regulatory Agency (UK MHRA) from 14 February 2017 to 17 February 2017. The same has been completed without any critical observations. The company is awaiting further instruction from the agency in this regard.

On a consolidated basis, net profit of Marksans Pharma declined 36.98% to Rs 11.30 crore on 1% decline in net sales to Rs 215.24 crore in Q3 December 2016 over Q3 December 2015.

Marksans Pharma is a global pharmaceutical company. It is engaged in research & development (R&D) and offers CRAMS (contract research and manufacturing services) to global pharmaceutical companies.

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Marksans Pharma intimates of completion of inspection of Goa plant
Feb 20,2017

Marksans Pharma announced that the Companys plant located at L-82 & L-83, Verna Industrial Estate, Verna, Goa - 403 722 has had an inspection by UK MHRA from 14 February 2017 to 17 February 2017. The same has been completed without any critical observations.

The Company is awaiting further instruction from the agency in this regard.

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Board of Cheviot Company withdraws scheme of amalgamation
Feb 20,2017

Cheviot Company announced that the Board of Directors of the Company at its meeting held on 20 February 2017 has decided to withdraw the scheme of amalgamation between Harsh Investments and Cheviot Company with immediate effect.

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Titan Company gets High Court approval for scheme of arrangement
Feb 20,2017

Titan Company announced that Honble High Court of Madras has sanctioned the Scheme of Arrangement between Titan Company and Titan Engineering & Automation for transfer of Precision Engineering Business Undertaking of the Titan Company to Titan Engineering & Automation in terms of an order passed on 12 December 2016.

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Zee Learn allots 24723 equity shares
Feb 20,2017

Zee Learn announced that the ESOP Allotment Sub-Committee of the Company at its meeting held on 20 February 2017 has approved allotment of total 24,723 equity shares consisting of 16,598 Equity Shares of Re. 1/- at an exercise price of Rs. 20.85 per Equity Share; 8,125 Equity Shares of Re. 1/- at an exercise price of Rs. 35.25 per Equity Share; under the ZLL ESOP 2010 - AMENDED 2015 Scheme.

Consequent to the above allotment, the paid up share capital of the Company has increased from 321,536,058 equity shares of Re. 1/- each aggregating Rs. 321,536,058/- to 321,560,781 equity shares of Re. 1/- each aggregating Rs. 321,560,781/-.

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Deepak Fertilisers nudges higher after commencing production at brownfield unit
Feb 20,2017

The announcement was made during market hours today, 20 February 2017.

Meanwhile, the S&P BSE Sensex was up 60.61 points or 0.21% at 28,529.19.

On the BSE, 48,000 shares were traded on the counter so far as against the average daily volumes of 53,528 shares in the past one quarter. The stock had hit a high of Rs 262 and a low of Rs 250.60 so far during the day.

The stock had hit a record high of Rs 284 on 16 January 2017 and a 52-week low of Rs 130.10 on 18 February 2016. The stock had underperformed the market over the past one month till 17 February 2017, sliding 6.55% compared with the Sensexs 4.53% rise. The scrip had, however, outperformed the market over the past one quarter, gaining 25.77% as against the Sensexs 8.54% rise.

The small-cap company has equity capital of Rs 88.20 crore. Face value per share is Rs 10.

Deepak Fertilisers and Petrochemicals Corporation (DFPCL) said it has started commercial production of its new grades of NPK fertilisers under its flagship brand Mahadhan.

The new manufacturing facility at Taloja is installed with the latest INCR0 technology and has a provision of manufacturing multiple grades of fertilizers. Being a brownfield project, significant cost optimisation is achieved and the total investment is below Rs 800 crore. This is the only fertilizer plant in india that has one-of-its kind fully automated bagging facility. The new state-of-the art facility is set to augment companys production capacity byalmost four times, from the current 3 lakh tonne to 11 lakh tonnes in a phased manner.

With the increased capacity, DFPCL will be the largest manufacturer of NPK fertilizers in Maharashtra. In addition to its core markets of Maharashtra, Karnataka and Gujarat, DFPCL will also cater to newer geographies in Southern and Northern agrarian markets of the country.

DFPCLs net profit surged 104.9% to Rs 46.62 crore on 4.7% decline in net sales to Rs 1050.50 crore in Q3 December 2016 over Q3 December 2015.

DFPCL is among Indias leading producers of industrial chemicals and fertilisers. The company offers a basket of over 48 traded products which include bulk fertilizers, specialty fertilizers, water soluble fertilizers, micro nutrients and secondary nutrients.

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Marksans Pharma leads gainers on BSEs A group
Feb 20,2017

Marksans Pharma rose 17.98% at Rs 47.90. The stock topped the gainers in A group. On the BSE, 58.75 lakh shares were traded on the counter so far as against the average daily volumes of 6.58 lakh shares in the past two weeks.

Jindal Steel & Power rose 9.31% at Rs 101.60. The stock was the second biggest gainer in A group. On the BSE, 44.21 lakh shares were traded on the counter so far as against the average daily volumes of 20.51 lakh shares in the past two weeks.

Adani Enterprises rose 5.87% at Rs 99.20. The stock was the third biggest gainer in A group. On the BSE, 7.48 lakh shares were traded on the counter so far as against the average daily volumes of 7.31 lakh shares in the past two weeks.

Amtek Auto rose 5.87% at Rs 36.10. The stock was the fourth biggest gainer in A group. On the BSE, 4 lakh shares were traded on the counter so far as against the average daily volumes of 7.70 lakh shares in the past two weeks.

Hindustan Construction Company rose 5.66% at Rs 41.05. The stock was the fifth biggest gainer in A group. On the BSE, 10.92 lakh shares were traded on the counter so far as against the average daily volumes of 7.23 lakh shares in the past two weeks.

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India Finsec provides update on proposed public issue of subsidiary IFL Enterprises
Feb 20,2017

India Finsec announced that IFL Enterprises (Subsidiary of India Finsec) has been granted in-principle approval by BSE to the proposed Public issue of 16,26,000 Equity Shares of Rs. 10/- each for cash at a price of Rs. 20 per Equity Share (including a share premium of Rs.10 per Equity Share) aggregating to Rs. 325.20 Lakhs on BSE SME Platform.

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Maruti Suzuki Smart Hybrid Vehicles reach sales milestone
Feb 20,2017

Maruti Suzuki India announced that its Smart Hybrid Vehicles - Ciaz SHVS and Ertiga SHVS - have crossed sales of 1 lakh units this month. This marks the success of Maruti Suzukis efforts in hybrid and electric mobility in India.

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Uflex wins ABP News CSR Leadership honours
Feb 20,2017

Uflex has been conferred with two top honours for its social and environmental sustainability initiatives at the ABP News CSR Leadership Awards 2017.

Uflexs Natural Resources Conservation & Optimization of Ecosystem Services intervention was acknowledged as the Best Environment Friendly Project.

Sports for Growth by Uflex was adjudged as the Best Corporate Social Responsibility Initiative in Sport.

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Moschip surges after signing MoU for a smart center at Amaravathi, AP
Feb 20,2017

The announcement was made on Saturday, 18 February 2017.

Meanwhile, the S&P BSE Sensex was up 65.13 points or 0.23% at 28,533.88.

On the BSE, 78,000 shares were traded on the counter so far as against the average daily volumes of 2.79 lakh shares in the past one quarter. The stock opened with a upward gap of 5% and remained locked at that level at Rs 53.70 so far during the day.

The stock had hit a 52-week high of Rs 68.55 on 11 January 2017 and a 52-week low of Rs 5.22 on 18 February 2016. The stock had underperformed the market over the past one month till 17 February 2017, sliding 19% compared with the Sensexs 4.53% rise. The scrip had, however, outperformed the market over the past one quarter, gaining 38.62% as against the Sensexs 8.54% rise.

The small-cap company has equity capital of Rs 22.85 crore. Face value per share is Rs 2.

Moschip Semiconductor Technology (MosChip) said it has signed a binding memorandum of understanding (MoU) for establishment and maintenance of smart center with centralised command and monitoring system (CCMS) in Andhra Pradesh, on sub-contracting basis.

The total value of the sub-contract is Rs 83 crore to be implemented in 24 months, providing CCMS Solution to selected gram panchayats in Andhra Pradesh. A centralized smart center will be established in Amaravathi, the new capital city of Andhra Pradesh to manage and monitor the entire process of automation and is designed to adhere to additional internet of things (IOT) services in the future. The engagement also includes seven years maintenance contract.

On a consolidated basis, Moschip Semiconductor Technology reported net profit of Rs 0.37 crore in Q3 December 2016, compared with net loss of Rs 1.75 crore in Q3 December 2015. Net sales rose 957.4% to Rs 14.38 crore in Q3 December 2016 over Q3 December 2015.

Moschip Semiconductor Technology is a fabless semiconductor company. The companys principal activity includes software development and designing.

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Ashoka Buildcon provides update on subsidiary - Ashoka Concessions
Feb 20,2017

Ashoka Buildcon announced that Ashoka Concessions (ACL), a subsidiary of the Company, has apprised the Company that ACL, in terms of the contractual requirements between ACL and its shareholders and to bolster its capital, ACL is evaluating various options and is planning to commence discussions with potential investors shortly to explore such options. Further, note that the Company along with Macquarie SBI Infrastructure Investment and SBI Macquarie Infrastructure Trust holds the share capital and compulsorily convertible debentures of ACL.

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GPT Infraprojects gains after winning order
Feb 20,2017

The announcement was made after market hours on 17 February 2017.

Meanwhile, the BSE Sensex was up 62.86 points, or 0.22%, to 28,531.61.

On the BSE, so far 4,838 shares were traded in the counter, compared with average daily volumes of 5,943 shares in the past one quarter. The stock had hit a high of Rs 256.65 and a low of Rs 248 so far during the day.

The stock hit a record high of Rs 299.85 on 3 October 2016. The stock hit a 52-week low of Rs 186.50 on 29 April 2016. The stock had underperformed the market over the past 30 days till 17 February 2017, rising 3.75% compared with the 4.25% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 8.26% as against Sensexs 8.87% rise.

The small-cap company has equity capital of Rs 14.54 crore. Face value per share is Rs 10.

GPT Infraprojects has bagged orders valued at Rs 64 crore from Rail Vikas Nigam. The order is for construction of a major bridge over river Chanderbagha in Uttarakhand. The project has to be completed within 18 months. The current order book of GPT Infraprojects stands at Rs 1925 crore, including cumulative order inflow of Rs 703 crore in the current financial year.

On a consolidated basis, net profit of GPT Infraprojects declined 14.45% to Rs 3.02 crore on 13.81% decline in net sales to Rs 106.15 crore in Q3 December 2016 over Q3 December 2015.

GPT Infraprojects is an infrastructure company based out of Kolkata.

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Deepak Fertilizers & Petrochemicals Corp starts commercial production at new facility
Feb 20,2017

Deepak Fertilizers & Petrochemicals Corp has started commercial production of its new grade of NPK fertilizers under its flagship brand Mahadhan.

The new manufacturing facility at Taloja is installed with the latest INCRO technology and has a provision of manufacturing multiple grades of fertilizers. Being a brown field project, significant cost optimisation is achieved and the total investment is below Rs 800 crore. This is the only fertilizer plant in India that has one-of-its-kind fully automated bagging facility. The new state-of-the-art facility is set to augment Companys production capacity by almost 4 times, from 3 lakh tonnes to 11 lakh tonnes in a phased manner.

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National Aluminium Company fixes record date for interim dividend
Feb 20,2017

National Aluminium Company announced that the Company has fixed 10 March 2017 as the Record Date for the purpose of Payment of Interim Dividend.

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