My Application Form Status

Check the status of your application form with Angel Broking.
Arq - The Hyper Intelligent Investment Engine By 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

Umang Dairies to hold board meeting
May 22,2017

Umang Dairies will hold a meeting of the Board of Directors of the Company on 26 May 2017, to consider and approve Audited Financial Results of the Company for the financial year ended 31st March 2017.

Powered by Capital Market - Live News

Bafna Pharmaceuticals to hold board meeting
May 22,2017

Bafna Pharmaceuticals will hold a meeting of the Board of Directors of the Company on 27 May 2017, to consider among other matters, Audited Financial results for the year ended 31st March, 2017.

Powered by Capital Market - Live News

Rahul Merchandising to hold board meeting
May 22,2017

Rahul Merchandising will hold a meeting of the Board of Directors of the Company on 30 May 2017, to Consider and approve the Audited Financial Results for the quarter and year ended March 31st , 2017.

Powered by Capital Market - Live News

AI Champdany Industries to hold board meeting
May 22,2017

AI Champdany Industries will hold a meeting of the Board of Directors of the Company on 27 May 2017, to consider, approve and take on record the Audited Financial Results of the Company for the Quarter and Year ended on 31st March, 2017.

Powered by Capital Market - Live News

Ravi Leela Granites to hold board meeting
May 22,2017

Ravi Leela Granites will hold a meeting of the Board of Directors of the Company on 29 May 2017, to consider and approve the Audited financial results for the quarter and year ended 31st March 2017, and any other business with the permission of the Chair.

Powered by Capital Market - Live News

Raideep Industries to hold board meeting
May 22,2017

Raideep Industries will hold a meeting of the Board of Directors of the Company on 29 May 2017, to Consider and approve the Audited Financial Results for the quarter and year ended 31st March, 2017 .

Powered by Capital Market - Live News

APL Apollo Tubes strengthens after strong Q4 results
May 22,2017

The result was announced on Saturday, 20 May 2017.

Meanwhile, the S&P BSE Sensex was up 155.01 points, or 0.51%, to 30,619.93. The S&P BSE Mid-Cap index was down 36.64 points, or 0.25%, to 14,607.36.

On the BSE, 426 shares were traded in the counter so far, compared with an average volume of 19,664 shares in the past one quarter. The stock hit a high of Rs 1,424.90 and a low of Rs 1,380 so far during the day. The stock hit a record high of Rs 1,550 on 3 May 2017. The stock hit a 52-week low of Rs 814 on 29 September 2016.

The stock had outperformed the market over the past one month till 19 May 2017, rising 13% compared with the 3.85% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 24.56% as against Sensexs 7.01% rise.

The mid-cap company has an equity capital of Rs 23.59 crore. Face value per share is Rs 10.

APL Apollo Tubes said that the board of directors of the company recommended a dividend of Rs 12 per share for the financial year ended 31 March 2017.

Sales Volume (excluding trading & scrap) stood at 2.34 lakh tons in Q4 March 2017 compared to 2.62 lakh tons in Q4 March 2016. Impact of demonetization combined with high base in the corresponding quarter last year led to subdued volume performance.

Commenting on the companys performance for Q4 & FY 2017, Sanjay Gupta, Chairman, APL Apollo said that the year ended 31 March 2017 (FY 2017) has been a difficult year for the company with the company facing external market challenges including demonetization and volatile steel prices, which significantly impacted volumes in the second half. However, the company made an exceptional start to the new fiscal by registering strong volumes in the month of April.

The company remains focused on further increasing this momentum in the coming quarters and is confident of delivering over 20% volume growth in FY 2018. The company recently established greenfield facility in an under penetrated market like Raipur will also support aggressive growth plans over the next 2 years, he added.

APL Apollo Tubes is one of the leading branded steel tubes manufacturer.

Powered by Capital Market - Live News

Phillips Carbon Black to hold board meeting
May 22,2017

Phillips Carbon Black will hold a meeting of the Board of Directors of the Company on 25 May 2017, to consider and approve the Audited Financial Results of the Company for the Quarter and Financial Year ended 31st March, 2017.

Powered by Capital Market - Live News

Talbros Engineering to hold board meeting
May 22,2017

Talbros Engineering will hold a meeting of the Board of Directors of the Company on 29 May 2017, to consider and take on record, inter alia, the Audited Financial Results for the quarter and year ended 31st March, 2017.

Powered by Capital Market - Live News

Raymed Labs to hold board meeting
May 22,2017

Raymed Labs will hold a meeting of the Board of Directors of the Company on 26 May 2017, to consider and approve the Audited Financial Results of the Company for the Quarter and Financial Year ended 31st March, 2017.

Powered by Capital Market - Live News

Shree Metalloys to hold board meeting
May 22,2017

Shree Metalloys will hold a meeting of the Board of Directors of the Company on 30 May 2017, among other things, to approve the Audited Financial Results for the fourth Quarter and Financial Year ended 31st March, 2017.

Powered by Capital Market - Live News

SW Investments to hold board meeting
May 22,2017

SW Investments will hold a meeting of the Board of Directors of the Company on 26 May 2017, to consider, approve and take on record the Audited Financial Results of the Company for the Quarter and Year ended on 31st March, 2017.

Powered by Capital Market - Live News

Fraser & Company to hold board meeting
May 22,2017

Fraser & Company will hold a meeting of the Board of Directors of the Company on 30 May 2017, to consider and approve the Audited Financial Results for the Fourth Quarter/ Year ended 31st March, 2017.

Powered by Capital Market - Live News

Sun TV Network to hold board meeting
May 22,2017

Sun TV Network will hold a meeting of the Board of Directors of the Company on 26 May 2017, to consider inter alia, take on record and approve the Audited Financial Results for the quarter and financial year ended 31st March 2017.

Powered by Capital Market - Live News

JITF Infra Logistics to hold board meeting
May 22,2017

JITF Infra Logistics will hold a meeting of the Board of Directors of the Company on 29 May 2017, to consider and take on record the Audited Financial Results for the year/4th quarter ended 31st March, 2017 and to approve the Audited Financial Statements of the Company for the year ended 31st March, 2017.

Powered by Capital Market - Live News