My Application Form Status

Check the status of your application form with Angel Broking.
  • Companies
  • Everything else
Search
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

Linear Industries to hold board meeting
Nov 07,2016

Linear Industries will hold a meeting of the Board of Directors of the Company on 16 November 2016 The Audited Financial Statement of Company for the period ended October 31, 2016 & EGM

Powered by Capital Market - Live News

Innovative Tech Pack to hold board meeting
Nov 07,2016

Innovative Tech Pack will hold a meeting of the Board of Directors of the Company on 14 November 2016 . To consider and approve the standalone Un-audited Financial Results of the Company for the quarter and half year ended September 30, 2016 along with statement of Assets & Liabilities

Powered by Capital Market - Live News

Seya Industries to hold board meeting
Nov 07,2016

Seya Industries will hold a meeting of the Board of Directors of the Company on 14 November 2016 to consider and approve Un-Audited Financial Statements of the Company for the Quarter and Half Year ended September 30, 2016.

Powered by Capital Market - Live News

Indsil Hydro Power & Manganese commences production of Silico Manganese at leased unit
Nov 07,2016

Indsil Hydro Power & Manganese announced that the Company, on 07 November 2016, has commenced production of its leased unit at Garbham, Vizianagaram, Andhra Pradesh. This unit has been leased from its subsidiary, Sree Mahalakshmi Smelters.

The unit will be initially producing Silico Manganese and later on converted to produce high Carbon Ferro Chrome.

Powered by Capital Market - Live News

Sagar Tourist Resorts to hold board meeting
Nov 07,2016

Sagar Tourist Resorts will hold a meeting of the Board of Directors of the Company on 14 November 2016 to consider and approve the Un-audited Financial Results for the Second Quarter and Half Year, ended September 30, 2016 for the F.Y. 2016-2017.

Powered by Capital Market - Live News

Honda Siel Power hits record high after stellar Q2 earnings
Nov 07,2016

The result was announced on Saturday, 5 November 2016.

Meanwhile, the S&P BSE Sensex was up 240.97 points or 0.88% at 27,515.12.

On BSE, so far 13,000 shares were traded in the counter as against average daily volume of 4,029 shares in the past one quarter. The stock hit a high of Rs 1,750 so far during the day, which is a record high for the counter. The stock hit a low of Rs 1,632 so far during the day. The stock had hit a 52-week low of Rs 1,075.75 on 26 February 2016. The stock had outperformed the market over the past one month till 4 November 2016, advancing 13.14% compared with 3.74% fall in the Sensex. The scrip had also outperformed the market in past one quarter, surging 31.16% as against Sensexs 1.59% fall.

The small-cap company has equity capital of Rs 10.14 crore. Face value per share is Rs 10.

Honda Siel Power Products is a manufacturer of power products and is a subsidiary of Honda Motor Co. Japan.

Powered by Capital Market - Live News

SEA requests the Government to initiate Market Intervention Operation to buy groundnut shell at MSP
Nov 07,2016

This year, during the current kharif season, country will be harvesting a bumper groundnut crop of about 55.0 lakh tonnes against 32.3 lakh tonnes last year. The total production of groundnut in shell as per trade estimate would be about 70.0 lakh tonnes for the current oil year against last year 45.0 Lakh tonnes. Government has fixed Minimum Support Price for groundnut in shell at Rs.4,220 per quintal, whereas due to bumper crop, the prices has already fallen below MSP and farmers are forced to sell in distress at Rs.3,700/- to Rs.3,800/- per quintal which is likely to go down further with the full arrival pressure, discouraging and disappointing the groundnut farmers.

To support the groundnut farmers, Solvent Extractors Association of India (SEA) has strongly requested the Government to initiate Market Intervention Operation (MIO) to buy groundnut shell at MSP and also allow immediately the export of groundnut oil in bulk to support the price level.

Powered by Capital Market - Live News

Tata Motors gains after Jaguar Land Rover posts decent retail sales in October
Nov 07,2016

The announcement was made during market hours today, 7 November 2016.

Meanwhile, the S&P BSE Sensex was up 209.76 points or 0.77% at 27,483.91.

On BSE, so far 1.49 lakh shares were traded in the counter as against average daily volume of 7.96 lakh shares in the past one quarter. The stock hit a high of Rs 520.90 and a low of Rs 512 so far during the day. The stock had hit a 52-week high of Rs 598.60 on 7 September 2016. The stock had hit a 52-week low of Rs 266 on 11 February 2016. The stock had underperformed the market over the past one month till 4 November 2016, dropping 6.78% compared with the Sensexs 3.74% fall. The scrip had, however, outperformed the market in past one quarter, gaining 2.36% as against the Sensexs 1.59% decline.

The large-cap company has equity capital of Rs 577.44 crore. Face value per share is Rs 2.

Jaguar Land Rovers retail sales rose 11% to 46,325 vehicles in October 2016 over October 2015. The company reported best ever retail sales for any October month. The months performance has been driven by strong sales of the Land Rover Discovery Sport, Range Rover Evoque, Jaguar XF and the introduction of the Jaguar F-PACE, as well as strong year on year sales growth in China and Europe.

Jaguar Land Rover delivered solid retail sales growth across the majority of key regions for October, with China up 39%, Europe up 25%, the UK and North America both up 8% but other overseas markets down 22%.

Jaguar recorded its best October ever, with retail sales jumping 93% to 14,402 vehicles in October 2016 over October 2015, reflecting the strong launch of the F-PACE and the introduction of the long-wheel base XFL in China. Land Rovers sales fell 6% to 31,923 vehicles in October 2016 over October 2015, as production of the Defender and Discovery ceased in January 2016 and August 2016 respectively. Sales of the all-new Discovery are expected to commence in Spring 2017.

Tata Motors consolidated net profit declined 57% to Rs 2260.40 crore on 10.1% rise in net sales to Rs 64940.12 crore in Q1 June 2016 over Q1 June 2015. The company will announce its Q2 results on 14 November 2016.

Tata Motors is a market leader in commercial vehicles in India. The companys British unit JLR sells premium luxury cars.

Powered by Capital Market - Live News

Board of Bobshell Electrodes to consider September quarter results
Nov 07,2016

Bobshell Electrodes announced that a meeting of the Board of Directors of the Company will be held on 14 November 2016, for the purpose of adopting and taking on record the Unaudited Financial Results of the Company for the quarter ended 30 September 2016.

Powered by Capital Market - Live News

Unishire Urban Infra to approve half year results
Nov 07,2016

Unishire Urban Infra announced that a meeting of the Board of Directors of the Company will be held on 12 November 2016, inter alia, to consider and approve the Audited Financial Results for the half year ended 30 September 2016.

Powered by Capital Market - Live News

Gujarat Fluorochemicals board to consider September quarter and half year results
Nov 07,2016

Gujarat Fluorochemicals announced that a meeting of the Board of Directors of the Company is scheduled to be held on 15 November 2016, inter alia, to consider, approve and take on record the Unaudited Financial Results of the Company for the quarter and half year ended on 30 September 2016.

Powered by Capital Market - Live News

Board of United Van Der Horst to consider September quarter and half year results
Nov 07,2016

United Van Der Horst announced that a meeting of the Board of Directors of the Company will be held on 14 November 2016, to take on record the un-audited financial results of the Company for the quarter and half year ended on 30 September 2016.

Powered by Capital Market - Live News

Flexituff International to consider Q2 and HY results
Nov 07,2016

Flexituff International announced that a meeting of Board of Directors of the Company is scheduled on 11 November 2016, inter alia, to consider and approve Unaudited financial Results for the quarter & half-year ended on 30 September 2016.

Powered by Capital Market - Live News

Board of Artefact Projects to consider quarterly results and appointment of director
Nov 07,2016

Artefact Projects announced that a meeting of the Board of Directors of the Company is scheduled to be held on 14 November 2016, inter alia, to consider and approve the following matters:

1. Standalone Unaudited Financial Results for the quarter and six months ended 30 September 2016 and

2. To consider appointment of Independent Director.

Powered by Capital Market - Live News

GAIL (India) to consider Q2 results
Nov 07,2016

GAIL (India) announced that a meeting of the Board of Directors of the Company is scheduled to be held on 15 November 2016, inter alia, to consider the un-audited Financial Results for the quarter/Half year ended on 30 September 2016 (Q2).

Powered by Capital Market - Live News