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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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Sai Television reports standalone nil net profit/loss in the September 2016 quarter
Nov 03,2016

Sai Television reported no net profit/loss in the quarter ended September 2016 as against net loss of Rs 0.01 crore 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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Teesta Agro Industries standalone net profit rises 14.29% in the September 2016 quarter
Nov 03,2016

Net profit of Teesta Agro Industries rose 14.29% to Rs 0.24 crore in the quarter ended September 2016 as against Rs 0.21 crore during the previous quarter ended September 2015. Sales rose 17.00% to Rs 16.86 crore in the quarter ended September 2016 as against Rs 14.41 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales16.8614.41 17 OPM %2.972.57 - PBDT0.580.46 26 PBT0.350.31 13 NP0.240.21 14

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Thangamayil Jewellery standalone net profit declines 3.77% in the September 2016 quarter
Nov 03,2016

Net profit of Thangamayil Jewellery declined 3.77% to Rs 3.57 crore in the quarter ended September 2016 as against Rs 3.71 crore during the previous quarter ended September 2015. Sales declined 22.94% to Rs 313.97 crore in the quarter ended September 2016 as against Rs 407.46 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales313.97407.46 -23 OPM %4.033.25 - PBDT7.137.61 -6 PBT4.825.37 -10 NP3.573.71 -4

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TTK Prestige standalone net profit rises 3.97% in the September 2016 quarter
Nov 03,2016

Net profit of TTK Prestige rose 3.97% to Rs 35.39 crore in the quarter ended September 2016 as against Rs 34.04 crore during the previous quarter ended September 2015. Sales rose 13.01% to Rs 463.22 crore in the quarter ended September 2016 as against Rs 409.90 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales463.22409.90 13 OPM %12.2712.79 - PBDT57.0154.09 5 PBT51.6849.21 5 NP35.3934.04 4

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NEPC Textiles reports standalone nil net profit/loss in the September 2016 quarter
Nov 03,2016

NEPC Textiles reported no net profit/loss in the quarter ended September 2016 as against net loss of Rs 0.01 crore 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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NEPC Agro Foods reports standalone net profit of Rs 0.01 crore in the September 2016 quarter
Nov 03,2016

Net profit of NEPC Agro Foods reported to Rs 0.01 crore in the quarter ended September 2016. There were no net profit/loss reported during the previous quarter ended September 2015. Sales remain constant at Rs 0.15 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.150.15 0 OPM %6.670 - PBDT0.010 0 PBT0.010 0 NP0.010 0

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United Leasing & Industries reports standalone net profit of Rs 0.12 crore in the September 2016 quarter
Nov 03,2016

Net profit of United Leasing & Industries reported to Rs 0.12 crore in the quarter ended September 2016 as against net loss of Rs 0.08 crore during the previous quarter ended September 2015. Sales rose 1966.67% to Rs 0.62 crore in the quarter ended September 2016 as against Rs 0.03 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.620.03 1967 OPM %20.97-133.33 - PBDT0.13-0.07 LP PBT0.12-0.08 LP NP0.12-0.08 LP

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Dish TV India updates on Registered Office Change
Nov 03,2016

Dish TV India in an update to its earlier announcement has approved the shifting of registered office of the company to 18th Floor, A Wing, Marathon Futurex, N M Joshi Marg, Lower Parel, Mumbai - 400 013, Maharashtra with effect from 03rd November 2016.

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Mukta Arts gains on plan to hive off cinemas biz
Nov 03,2016

The announcement was made during trading hours today, 3 November 2016.

Meanwhile, the BSE Sensex was down 28.50 points, or 0.10%, to 27,498.72.

On BSE, so far 69,000 shares were traded in the counter, compared with average daily volume of 96,367 shares in the past one quarter. The stock hit a high of Rs 126.50 and a low of Rs 120.45 so far during the day. The stock hit a 52-week high of Rs 132.50 on 18 October 2016. The stock hit a 52-week low of Rs 33.15 on 9 November 2015. The stock had outperformed the market over the past 30 days till 2 November 2016, rising 0.08% compared with the 2.85% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 89.91% as against Sensexs 0.68% decline.

The small-cap company has equity capital of Rs 11.29 crore. Face value per share is Rs 5.

Mukta Arts will declare Q2 results on 10 November 2016. The company reported net loss of Rs 0.04 crore in Q1 June 2016 as against net loss of Rs 1.43 crore in Q1 June 2015. Net sales rose 7.74% to Rs 11 crore in Q1 June 2016 over Q1 June 2015.

Mukta Arts is primarily engaged in the business of film production, distribution and exhibition.

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Sundaram Clayton tumbles after weak Q2 outcome
Nov 03,2016

The result was announced during market hours today, 3 November 2016.

Meanwhile, the S&P BSE Sensex was down 31.55 points or 0.11% at 27,495.67.

On BSE, so far 947 shares were traded in the counter as against average daily volume of 1,804 shares in the past one quarter. The stock hit a high of Rs 3,450 and a low of Rs 3,126 so far during the day. The stock had hit a record high of Rs 3,541.80 on 30 October 2016. The stock had hit a 52-week low of Rs 1,755 on 29 February 2016. The stock had outperformed the market over the past one month till 2 November 2016, advancing 30.67% compared with 1.22% fall in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 41.13% as against Sensexs 1.62% fall.

The mid-cap company has equity capital of Rs 10.12 crore. Face value per share is Rs 5.

Sundaram Clayton manufactures aluminum pressure die castings for heavy commercial vehicles, passenger cars and two wheelers.

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Intellect Design Arena approves rights issue
Nov 03,2016

The Board of Intellect Design Arena has approved raising of funds by way of equity shares to the existing shareholders of the Company on a right basis (Rights Issue) subject to all applicable statutory and regulatory approvals.

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Take Solutions fixes record date
Nov 03,2016

Take Solutions has fixed 19 November 2016 as the record date for the purpose of payment of interim dividend.

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Take Solutions declares interim dividend
Nov 03,2016

Take Solutions at the board meeting held on 03rd November 2016 has declared an interim dividend of 30% per equity share of Rs.1 each. Payment of the same would be on or before 02nd December 2016.

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Sundaram Clayton declares interim dividend
Nov 03,2016

Sundaram Clayton at the board meeting held on 03rd November 2016, has declared an interim dividend for the financial year ending 31 March 2017, @ Rs.15 per share (300%) on 2,002,32,085 equity shares of Rs.5 each fully paid up with the payment date slated to be on or after 16th November 2016.

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Whirlpool of India board approves investment
Nov 03,2016

Whirlpool of India at the board meeting held on 03rd November 2016, has approved the investment in rated debt securities upto USD 20 Million in the form of redeemable non-convertible Senior Notes issued by Whirlpool Corporation with maturity of 3 years from the date of issue

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