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

Majestic Research Serv. & Solutions to hold board meeting
Nov 02,2016

Majestic Research Serv. & Solutions will hold a meeting of the Board of Directors of the Company on 9 November 2016, to consider and approve unaudited Standalone Financial result of the company for the half year ended 30 September 2016.

Powered by Capital Market - Live News

Bhaskar Agrochemicals to hold board meeting
Nov 02,2016

Bhaskar Agrochemicals will hold a meeting of the Board of Directors of the Company on 12 November 2016, to consider the Un-audited financial results for the quarter ended 30.09.2016

Powered by Capital Market - Live News

Paragon Finance to hold board meeting
Nov 02,2016

Paragon Finance will hold a meeting of the Board of Directors of the Company on 14 November 2016, to approve the Unaudited Financial Results for the quarter ended 30 September 2016

Powered by Capital Market - Live News

Virinchi to hold board meeting
Nov 02,2016

Virinchi will hold a meeting of the Board of Directors of the Company on 12 November 2016, to consider the Unaudited Standalone and Consolidated Financial Results for quarter ended 30 September 2016

Powered by Capital Market - Live News

Scooters India to hold board meeting
Nov 02,2016

Scooters India will hold a meeting of the Board of Directors of the Company on 11 November 2016, to inter -alia consider and approve the Un-Audited Financial Results for quarter ended at 30 September 2016.

Powered by Capital Market - Live News

Apis India to hold board meeting
Nov 02,2016

Apis India will hold a meeting of the Board of Directors of the Company on 12 November 2016, to consider and approve the Unaudited Financial Results for the Quarter and the half Year ended on 30 September 2016

Powered by Capital Market - Live News

Cantabil Retail India to hold board meeting
Nov 02,2016

Cantabil Retail India will hold a meeting of the Board of Directors of the Company on 12 November 2016, to consider an Un-Audited Financial Results of the Company for the quarter ended on 30 September 2016.

Powered by Capital Market - Live News

Oriental Trimex to hold board meeting
Nov 02,2016

Oriental Trimex will hold a meeting of the Board of Directors of the Company on 14 November 2016, to consider and approve the Unaudited Financial Results of the Company for the quarter ended 30 September 2016.

Powered by Capital Market - Live News

M&M moves north after strong monthly tractor sales
Nov 02,2016

The announcement was made during market hours today, 2 November 2016.

Meanwhile, the S&P BSE Sensex was down 288.12 points or 1.03% at 27,588.49.

On BSE, so far 1.21 lakh shares were traded in the counter as against average daily volume of 68,923 shares in the past one quarter. The stock hit a high of Rs 1,366.50 and a low of Rs 1,306.60 so far during the day. The stock had hit a record high of Rs 1,508.80 on 9 August 2016. The stock had hit a 52-week low of Rs 1,092 on 12 February 2016. The stock had underperformed the market over the past one month till 1 November 2016, sliding 5.94% compared with 0.04% rise in the Sensex. The scrip had also underperformed the market in past one quarter, declining 10.01% as against Sensexs 0.45% fall.

The large-cap company has equity capital of Rs 310.55 crore. Face value per share is Rs 5.

Mahindra & Mahindras (M&M) domestic tractor sales rose 61% to 43,826 units in October 2016 over October 2015. Exports surged 69% to 1,351 units in October 2016 over October 2015.

The company during market hours today, 2 November 2016 said its total auto sales rose 1% to 52,008 units in October 2016 over October 2015. Total domestic sales were almost flat at 48,729 units in October 2016 compared with 48,815 units in October 2015. Exports rose 28% to 3,279 units in October 2016 over October 2015.

M&Ms net profit rose 12.4% to Rs 955.21 crore on 12.3% growth in net sales to Rs 10898.08 crore in Q1 June 2016 over Q1 June 2015.

M&M enjoys a leadership position in tractors and utility vehicles in India.

Powered by Capital Market - Live News

Oil India changes Company Secretary
Nov 02,2016

Oil India has appointed S.K.Senapati as Company Secretary and Compliance Officer W.e.f. 01 November 2016 in the place of S R Krishnan who has superannuated from the services of the Company after close of office hours on 31 October 2016.

Powered by Capital Market - Live News

MIC Electronics standalone net profit declines 62.53% in the September 2016 quarter
Nov 02,2016

Net profit of MIC Electronics declined 62.53% to Rs 2.90 crore in the quarter ended September 2016 as against Rs 7.74 crore during the previous quarter ended September 2015. Sales rose 1.95% to Rs 53.97 crore in the quarter ended September 2016 as against Rs 52.94 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales53.9752.94 2 OPM %13.3021.68 - PBDT6.2311.44 -46 PBT4.379.56 -54 NP2.907.74 -63

Powered by Capital Market - Live News

MIC Electronics consolidated net profit declines 71.57% in the September 2016 quarter
Nov 02,2016

Net profit of MIC Electronics declined 71.57% to Rs 2.22 crore in the quarter ended September 2016 as against Rs 7.81 crore during the previous quarter ended September 2015. Sales rose 1.95% to Rs 53.97 crore in the quarter ended September 2016 as against Rs 52.94 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales53.9752.94 2 OPM %12.0421.63 - PBDT5.5511.43 -51 PBT3.699.63 -62 NP2.227.81 -72

Powered by Capital Market - Live News

Silverpoint Infratech standalone net profit declines 90.91% in the September 2016 quarter
Nov 02,2016

Net profit of Silverpoint Infratech declined 90.91% to Rs 0.01 crore in the quarter ended September 2016 as against Rs 0.11 crore during the previous quarter ended September 2015. Sales declined 86.94% to Rs 1.49 crore in the quarter ended September 2016 as against Rs 11.41 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.4911.41 -87 OPM %0.670.96 - PBDT0.010.11 -91 PBT0.010.11 -91 NP0.010.11 -91

Powered by Capital Market - Live News

GNA Axles standalone net profit rises 26.09% in the September 2016 quarter
Nov 02,2016

Net profit of GNA Axles rose 26.09% to Rs 7.54 crore in the quarter ended September 2016 as against Rs 5.98 crore during the previous quarter ended September 2015. Sales rose 4.70% to Rs 130.02 crore in the quarter ended September 2016 as against Rs 124.18 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales130.02124.18 5 OPM %16.6115.94 - PBDT17.3015.32 13 PBT11.719.14 28 NP7.545.98 26

Powered by Capital Market - Live News

Century Plyboards (India) standalone net profit rises 5.05% in the September 2016 quarter
Nov 02,2016

Net profit of Century Plyboards (India) rose 5.05% to Rs 49.29 crore in the quarter ended September 2016 as against Rs 46.92 crore during the previous quarter ended September 2015. Sales rose 5.45% to Rs 459.26 crore in the quarter ended September 2016 as against Rs 435.51 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales459.26435.51 5 OPM %16.4917.01 - PBDT71.0061.60 15 PBT58.3851.11 14 NP49.2946.92 5

Powered by Capital Market - Live News