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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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GPT Infraprojects to hold AGM
Jul 20,2017

GPT Infraprojects announced that the 37th Annual General Meeting (AGM) of the company will be held on 18 August 2017.

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Bombay Burmah Trading Corporation to table quarterly results
Jul 20,2017

Bombay Burmah Trading Corporation will hold a meeting of the Board of Directors of the Company on 3 August 2017, to inter alia, consider and approve the unaudited financial results of the Corporation for the first quarter ended 30th June 2017.

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LKP Securities to convene board meeting
Jul 20,2017

LKP Securities will hold a meeting of the Board of Directors of the Company on 4 August 2017, to consider and approve unaudited financial results for the quarter ended 30 June 2017.

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Ahmedabad Steelcraft schedules AGM
Jul 20,2017

Ahmedabad Steelcraft announced that the Annual General Meeting (AGM) of the company will be held on 4 September 2017.

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Atlas Cycles advances on stock-split plan
Jul 20,2017

The announcement was made after market hours yesterday, 19 July 2017.

Meanwhile, the S&P BSE Sensex was down 25.47 points, or 0.08% at 31,929.88. The S&P BSE Small-Cap index was up 49.79 points, or 0.31% at 16,024.36.

On the BSE, 436 shares were traded on the counter so far as against the average daily volumes of 3,901 shares in the past one quarter. The stock opened with an upward gap of 5% at Rs 375.05 and remained stuck at that level so far. The stock had hit a record high of Rs 694 on 16 January 2017 and a 52-week low of Rs 195.20 on 12 August 2016.

The stock had underperformed the market over the past one month till 19 July 2017, declining 14.36% compared with the Sensexs 2.06% rise. The scrip had also underperformed the market over the past one quarter declining 16.68% as against the Sensexs 8.93% rise. The scrip had, however, outperformed the market over the past one year advancing 72.23% as against the Sensexs 15% rise.

The small-cap company has equity capital of Rs 3.25 crore. Face value per share is Rs 10.

Atlas Cycles (Haryana) said that a meeting of the board of directors of the company has been scheduled to be held on Friday, 4 August 2017, to consider the sub-division of equity shares of the company.

Atlas Cycles (Haryana) reported net loss of Rs 2.99 crore in Q3 December 2016, compared with net loss of Rs 2.05 crore in Q3 December 2015. Net sales rose 8.5% to Rs 146.75 crore in Q3 December 2016 over Q3 December 2015.

Atlas Cycles (Haryana) is a manufacturer of bicycles. The company manufactures components of bicycles and steel tubes.

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KPIT Technologies standalone net profit declines 52.14% in the June 2017 quarter
Jul 20,2017

Net profit of KPIT Technologies declined 52.14% to Rs 27.84 crore in the quarter ended June 2017 as against Rs 58.17 crore during the previous quarter ended June 2016. Sales declined 4.64% to Rs 313.10 crore in the quarter ended June 2017 as against Rs 328.34 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales313.10328.34 -5 OPM %10.8224.38 - PBDT46.8687.13 -46 PBT30.2471.02 -57 NP27.8458.17 -52

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Sanofi India standalone net profit declines 14.40% in the June 2017 quarter
Jul 20,2017

Net profit of Sanofi India declined 14.40% to Rs 73.70 crore in the quarter ended June 2017 as against Rs 86.10 crore during the previous quarter ended June 2016. Sales declined 3.76% to Rs 555.80 crore in the quarter ended June 2017 as against Rs 577.50 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales555.80577.50 -4 OPM %20.7626.01 - PBDT143.80160.30 -10 PBT118.30133.40 -11 NP73.7086.10 -14

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Jubilant Industries reports consolidated net loss of Rs 1.66 crore in the June 2017 quarter
Jul 20,2017

Net loss of Jubilant Industries reported to Rs 1.66 crore in the quarter ended June 2017 as against net profit of Rs 1.05 crore during the previous quarter ended June 2016. Sales declined 8.64% to Rs 111.17 crore in the quarter ended June 2017 as against Rs 121.69 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales111.17121.69 -9 OPM %5.719.89 - PBDT-0.313.26 PL PBT-2.601.07 PL NP-1.661.05 PL

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Bajaj Finserv consolidated net profit rises 21.87% in the June 2017 quarter
Jul 20,2017

Net profit of Bajaj Finserv rose 21.87% to Rs 655.09 crore in the quarter ended June 2017 as against Rs 537.51 crore during the previous quarter ended June 2016. Sales rose 25.75% to Rs 6581.29 crore in the quarter ended June 2017 as against Rs 5233.81 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales6581.295233.81 26 OPM %38.6038.44 - PBDT1485.111159.53 28 PBT1462.871143.19 28 NP655.09537.51 22

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Mindtree consolidated net profit declines 1.46% in the June 2017 quarter
Jul 20,2017

Net profit of Mindtree declined 1.46% to Rs 121.70 crore in the quarter ended June 2017 as against Rs 123.50 crore during the previous quarter ended June 2016. Sales declined 2.87% to Rs 1289.50 crore in the quarter ended June 2017 as against Rs 1327.60 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales1289.501327.60 -3 OPM %11.1314.70 - PBDT204.90209.80 -2 PBT159.00163.00 -2 NP121.70123.50 -1

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KPIT Technologies consolidated net profit rises 0.85% in the June 2017 quarter
Jul 20,2017

Net profit of KPIT Technologies rose 0.85% to Rs 55.52 crore in the quarter ended June 2017 as against Rs 55.05 crore during the previous quarter ended June 2016. Sales rose 8.17% to Rs 868.48 crore in the quarter ended June 2017 as against Rs 802.92 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales868.48802.92 8 OPM %9.1510.66 - PBDT88.9891.54 -3 PBT69.9472.77 -4 NP55.5255.05 1

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Jubilant Industries reports standalone net loss of Rs 0.64 crore in the June 2017 quarter
Jul 20,2017

Net Loss of Jubilant Industries reported to Rs 0.64 crore in the quarter ended June 2017 as against net loss of Rs 0.16 crore during the previous quarter ended June 2016. Sales declined 21.59% to Rs 4.14 crore in the quarter ended June 2017 as against Rs 5.28 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales4.145.28 -22 OPM %-15.22-4.73 - PBDT-0.61-0.13 -369 PBT-0.64-0.16 -300 NP-0.64-0.16 -300

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Bajaj Finserv standalone net profit declines 76.59% in the June 2017 quarter
Jul 20,2017

Net profit of Bajaj Finserv declined 76.59% to Rs 3.90 crore in the quarter ended June 2017 as against Rs 16.66 crore during the previous quarter ended June 2016. Sales declined 32.56% to Rs 27.40 crore in the quarter ended June 2017 as against Rs 40.63 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales27.4040.63 -33 OPM %19.1262.24 - PBDT8.2427.97 -71 PBT7.9027.61 -71 NP3.9016.66 -77

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Sutlej Textiles and Industries standalone net profit declines 47.70% in the June 2017 quarter
Jul 20,2017

Net profit of Sutlej Textiles and Industries declined 47.70% to Rs 23.58 crore in the quarter ended June 2017 as against Rs 45.09 crore during the previous quarter ended June 2016. Sales rose 17.97% to Rs 651.99 crore in the quarter ended June 2017 as against Rs 552.66 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales651.99552.66 18 OPM %10.6714.04 - PBDT60.4573.16 -17 PBT34.3751.98 -34 NP23.5845.09 -48

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Integra Engineering India standalone net profit declines 47.83% in the June 2017 quarter
Jul 20,2017

Net profit of Integra Engineering India declined 47.83% to Rs 0.24 crore in the quarter ended June 2017 as against Rs 0.46 crore during the previous quarter ended June 2016. Sales rose 15.13% to Rs 9.21 crore in the quarter ended June 2017 as against Rs 8.00 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales9.218.00 15 OPM %0.33-0.50 - PBDT0.480.78 -38 PBT0.270.59 -54 NP0.240.46 -48

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