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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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Anik Industries standalone net profit rises 7056.06% in the September 2016 quarter
Dec 02,2016

Net profit of Anik Industries rose 7056.06% to Rs 94.46 crore in the quarter ended September 2016 as against Rs 1.32 crore during the previous quarter ended September 2015. Sales declined 62.96% to Rs 148.06 crore in the quarter ended September 2016 as against Rs 399.69 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales148.06399.69 -63 OPM %-62.112.91 - PBDT-129.082.96 PL PBT-129.981.62 PL NP94.461.32 7056

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Graphite India standalone net profit declines 53.01% in the September 2016 quarter
Dec 02,2016

Net profit of Graphite India declined 53.01% to Rs 15.94 crore in the quarter ended September 2016 as against Rs 33.92 crore during the previous quarter ended September 2015. Sales rose 0.77% to Rs 314.57 crore in the quarter ended September 2016 as against Rs 312.17 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales314.57312.17 1 OPM %4.4814.27 - PBDT34.2459.09 -42 PBT24.5947.97 -49 NP15.9433.92 -53

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Dilip Buildcon slumps after poor Q2 results
Dec 02,2016

The result was announced after market hours yesterday, 1 December 2016.

Meanwhile, the BSE Sensex was down 205.29 points, or 0.77%, to 26,354.63.

On the BSE, so far 1.18 lakh shares were traded in the counter, compared with average daily volumes of 44,486 shares in the past one quarter. The stock had hit a high of Rs 239.90 and a low of Rs 220.25 so far during the day.

The stock hit a record high of Rs 261.90 on 1 December 2016. The stock hit a record low of Rs 178.60 on 9 November 2016. The stock had outperformed the market over the past 30 days till 1 December 2016, rising 14.94% compared with the 3.51% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 6.13% as against Sensexs 6.91% decline.

The mid-cap company has equity capital of Rs 136.77 crore. Face value per share is Rs 10.

Shares of Dilip Buildcon were listed on the stock market on 11 August 2016. The stock debuted at Rs 240, a premium of 9.59% over the initial public offer (IPO) price of Rs 219. On that day, the stock settled at Rs 251.95 on BSE, a premium of 15.04% over the IPO price.

Dilip Buildcon is one of the leading road-focused engineering, procurement and construction (EPC) contractors in India.

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Mansi Finance (Chennai) standalone net profit declines 59.55% in the September 2016 quarter
Dec 02,2016

Net profit of Mansi Finance (Chennai) declined 59.55% to Rs 0.36 crore in the quarter ended September 2016 as against Rs 0.89 crore during the previous quarter ended September 2015. Sales declined 14.47% to Rs 1.36 crore in the quarter ended September 2016 as against Rs 1.59 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.361.59 -14 OPM %73.5384.28 - PBDT0.471.03 -54 PBT0.440.99 -56 NP0.360.89 -60

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Paras Petrofils reports standalone net profit of Rs 0.07 crore in the September 2016 quarter
Dec 02,2016

Net profit of Paras Petrofils reported to Rs 0.07 crore in the quarter ended September 2016. There were no net profit/loss reported 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.

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Balkrishna Industries standalone net profit rises 128.67% in the September 2016 quarter
Dec 02,2016

Net profit of Balkrishna Industries rose 128.67% to Rs 242.92 crore in the quarter ended September 2016 as against Rs 106.23 crore during the previous quarter ended September 2015. Sales rose 14.00% to Rs 912.15 crore in the quarter ended September 2016 as against Rs 800.11 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales912.15800.11 14 OPM %33.7132.02 - PBDT406.34240.92 69 PBT333.85171.04 95 NP242.92106.23 129

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Man Infraconstruction standalone net profit rises 72.78% in the September 2016 quarter
Dec 02,2016

Net profit of Man Infraconstruction rose 72.78% to Rs 16.12 crore in the quarter ended September 2016 as against Rs 9.33 crore during the previous quarter ended September 2015. Sales declined 54.95% to Rs 26.54 crore in the quarter ended September 2016 as against Rs 58.91 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales26.5458.91 -55 OPM %8.147.62 - PBDT26.0415.58 67 PBT24.6913.72 80 NP16.129.33 73

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Punj Lloyd reports standalone net loss of Rs 225.80 crore in the September 2016 quarter
Dec 02,2016

Net Loss of Punj Lloyd reported to Rs 225.80 crore in the quarter ended September 2016 as against net loss of Rs 226.41 crore during the previous quarter ended September 2015. Sales declined 1.32% to Rs 990.57 crore in the quarter ended September 2016 as against Rs 1003.83 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales990.571003.83 -1 OPM %-0.32-1.78 - PBDT-194.72-148.75 -31 PBT-225.80-222.32 -2 NP-225.80-226.41 0

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Man Infraconstruction consolidated net profit rises 1188.42% in the September 2016 quarter
Dec 02,2016

Net profit of Man Infraconstruction rose 1188.42% to Rs 12.24 crore in the quarter ended September 2016 as against Rs 0.95 crore during the previous quarter ended September 2015. Sales rose 82.58% to Rs 110.99 crore in the quarter ended September 2016 as against Rs 60.79 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales110.9960.79 83 OPM %18.396.56 - PBDT30.547.23 322 PBT28.875.32 443 NP12.240.95 1188

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IndusInd Bank proposes to raise Rs 1500 crore
Dec 02,2016

IndusInd Bank proposes to raise funds by issue and allotment of Senior Unsecured Redeemable Non-Convertible Long Term Bonds in nature of Debentures (Infrastructure Bonds) for face value of Rs 10 lakh each for cash aggregating Rs 1500 crore on private placement basis.

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Portal E-Box launched by WCD Ministry to register online complaints of child sexual abuse
Dec 02,2016

The Ministry of Women and Child Development is providing support for an outreach service under the Integrated Child Protection Scheme (ICPS) for children in distress including children requiring assistance for protection from abuse . This service is available through a dedicated toll free number, 1098 and can be accessed by children in crisis or by adults on their behalf. In addition, National Commission for Protection of Child Rights (NCPCR) has launched a portal E-BOX in August 2016 to register online, complaints of child sexual abuse.

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Torrent Power provides update on scheme of amalgamation
Dec 02,2016

Torrent Power announced that the Company has filed the Certified Copy of Order of Honble High Court of Gujarat, sanctioning the Scheme of Arrangement which provides for the Transfer and vesting of the Solar Energy Undertaking as well as Wind Energy Undertaking of Torrent Solargen by way of slump sale to Torrent Power, with the Registrar of Companies, Gujarat, Dadra and Nagar Haveli at Ahmedabad on 01 December 2016 and accordingly the Scheme has become effective on 01 December 2016 with Appointed Date being 01 April 2015.

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AstraZeneca Pharma India intimates of extension of distribution arrangements for Meronem
Dec 02,2016

AstraZeneca Pharma India announced the Company has received on 01 December 2016 a notice to extend the date of distribution arrangements for Meronem up to 31 July 2017, during which time the parties shall continue to act in accordance with the terms and conditions of the Agreement. The extension is due to the delay in the divestment of AstraZenecas global rights to Meronem.

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KNR Constructions fixes record date for sub-division of shares
Dec 02,2016

KNR Constructions has fixed Record date as 14 December 2016 for the purpose of sub-division of face value from Rs. 10/- to Rs. 2/-.

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Board of Hubtown to consider Q2 and HY results
Dec 02,2016

Hubtown announced that a meeting of the Board of Directors of the Company will be held on 10 December 2016, inter alia, to consider the Unaudited Standalone Financial Results for the Second Quarter and six months ended 30 September 2016.

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