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

SER Industries to hold board meeting
May 20,2017

SER Industries will hold a meeting of the Board of Directors of the Company on 29 May 2017.

Powered by Capital Market - Live News

Williamson Magor & Company to hold board meeting
May 20,2017

Williamson Magor & Company will hold a meeting of the Board of Directors of the Company on 30 May 2017.

Powered by Capital Market - Live News

5 times more Villages electrified in 2016-17 under DDUGJY as compared to 2013-14; Four-fold jump in Intensive Electrification of Rural Households
May 19,2017

Union Minister of State (IC) for Power, Coal, New and Renewable Energy and Mines, Shri Piyush Goyal addressed the media on DeenDayalUpadhyaya Gram Jyoti Yojana (DDUGJY) here today. The Minister said, Every state in the country has joined Power for All agreement. All the states have pledged to boost holistic development of entire village electrification process to provide 24x7 affordable and quality power to all which is planned under DDUGJY.

The Minister interacted with the regional media representatives from 12 State Capitals through video conferencing and informed them about latest achievements under the DDUGJY scheme in the respective States. Shri Goyal also launched the new dashboard for GARV application and booklet on rural electrification on the occasion.

Talking about the impact of good governance in Rural Electrification, Shri Goyal said, The Government is working on the concept of 4S i.e. Skill, Speed, Scale and now Sewa to improve the lives of the rural populace as the prime priority. The Minister further added, We have changed the rules of this game. Instead of counting 10% households in the village to complete electrification process, now the Government is focusing on providing power connections to each and every household of village, thus providing meaning to the concept of Antyodaya.

Shri Goyal said that, in line with the philosophy of Pandit DeenDayalUpadhyaya of ANTYODAYA (serving the last Man), on 20th November 2014, Government of India had approved DeendayalUpadhyaya Gram Jyoti Yojana (DDUGJY), an integrated scheme covering all aspects of rural power distribution viz., Feeder Segregation, System Strengthening, Metering. Prime Minister of India, Shri Narendra Modi, in his Independence Day address to the nation on 15th August 2015 pledged to electrify all Un-electrified villages within 1000 days. Government of India therefore taken up Village Electrification on Mission mode targeting completion by May 2018.

Shri Goyal further added that, out of the 18,452 un-electrified census villages in the country, 13,469 villages have been electrified up to 15th May, 2017. A comparison of Achievements and the Physical & Financial Progress under rural electrification scheme in 2013-14 & 2016-17 is given as follows:

Parameters2013-142016-172017-18 TargetElectrification of un-electrified villages1,1976,015 (5.02 times)Balance  un-electrified villages to be electrified by May 2018Intensive electrification of villages14,95663,330 (4.2 times)85,000Free Electricity Connections to BPL households*9.6222.42 (2.3 times)40 LakhGovernment of India Grant released to States**Rs. 2938.52 CroresRs. 7965.87 Crores (2.7 times)Rs. 4814 Crores

*Free electricity connections to BPL Households provided to256.81Lakh BPL families up to 30th April 2017
** Release of highest ever grant in any FY of Rs 7965.87 Crores to States

Background Information

The remaining rural electrification works of the erstwhile scheme have been subsumed into DDUGJY. The scheme outlay is Rs 43,033 Crores with Rs 33,453 Crores grant from Government of India. The overall outlay, with the subsumed rural electrification works, is Rs. 75,893 Crores including Grant of Rs. 63,027 Crores from Government of India.

Under new DDUGJY, Government of India provides grant at the rate of 60% of project cost (85% for special category States). Further, additional grant at the rate of 15% grant is provided (5% for Special Category States) on fulfilment of the prescribed milestones. Under this scheme, the new projects with an outlay of Rs. 42,553.17 Crores have been approved for 32 States/UTs including works of Feeder Separation (Rs 15572.99 Crores), System Strengthening & Connecting Rural Households (Rs 19706.59 Crores), Metering (Rs 3874.48 Crores), Village Electrification (Rs 2792.57 Crores) and SansadAdarsh Gram Yojana (Rs 398.54 Crores).

More than 350 Gram Vidyut Abhiyantas (GVA) deployed in the field to monitor the progress of village electrification works. GARV Mobile App (garv.gov.in) was developed for monitoring progress of electrification in 18,452 un-electrified villages, in line with milestones. GVAs update in the GARV App, field photographs, data and other information. On 20th December 2016, updated GARV App had been launched for monitoring Household electrification in all 5.97 Lakh Villages. Updated GARV has the special feature of SAMVAD - engaging the citizens for establishing transparency and accountability.

The scheme is expected to transform lifestyle of villagers and bring in overall socio-economic development in rural areas. Following are the key outcomes of the scheme:

n++ Increased productivity in agriculture

n++ Reducing drudgery for women

n++ Improvement in children education

n++ Connectivity to all villages and households

n++ Viable and reliable electricity services in rural areas

n++ Improvement in delivery of health & education services

n++ Improvement in access to communications (radio, telephone, television, mobile)

n++ Improvement in public safety through lighting

The scheme has complete flexibility for selecting scope of works as per local requirement/priority of States. The population criteria have

Manaksia consolidated net profit declines 34.26% in the March 2017 quarter
May 19,2017

Net profit of Manaksia declined 34.26% to Rs 18.82 crore in the quarter ended March 2017 as against Rs 28.63 crore during the previous quarter ended March 2016. Sales rose 33.07% to Rs 394.37 crore in the quarter ended March 2017 as against Rs 296.37 crore during the previous quarter ended March 2016.

For the full year,net profit rose 8.38% to Rs 101.05 crore in the year ended March 2017 as against Rs 93.24 crore during the previous year ended March 2016. Sales declined 5.30% to Rs 1040.76 crore in the year ended March 2017 as against Rs 1099.01 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales394.37296.37 33 1040.761099.01 -5 OPM %10.0417.05 -16.9116.47 - PBDT35.2948.50 -27 164.60163.68 1 PBT24.0434.02 -29 116.63103.85 12 NP18.8228.63 -34 101.0593.24 8

Powered by Capital Market - Live News

Ortel Communications standalone net profit declines 70.65% in the March 2017 quarter
May 19,2017

Net profit of Ortel Communications declined 70.65% to Rs 0.81 crore in the quarter ended March 2017 as against Rs 2.76 crore during the previous quarter ended March 2016. Sales declined 13.53% to Rs 46.07 crore in the quarter ended March 2017 as against Rs 53.28 crore during the previous quarter ended March 2016.

For the full year,net profit declined 88.01% to Rs 1.43 crore in the year ended March 2017 as against Rs 11.93 crore during the previous year ended March 2016. Sales rose 8.35% to Rs 203.37 crore in the year ended March 2017 as against Rs 187.70 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales46.0753.28 -14 203.37187.70 8 OPM %20.8625.15 -23.0425.85 - PBDT5.488.69 -37 25.4833.56 -24 PBT-0.923.74 PL 1.4314.99 -90 NP0.812.76 -71 1.4311.93 -88

Powered by Capital Market - Live News

Manaksia reports standalone net loss of Rs 1.72 crore in the March 2017 quarter
May 19,2017

Net Loss of Manaksia reported to Rs 1.72 crore in the quarter ended March 2017 as against net loss of Rs 0.05 crore during the previous quarter ended March 2016. Sales rose 42.52% to Rs 17.43 crore in the quarter ended March 2017 as against Rs 12.23 crore during the previous quarter ended March 2016.

For the full year,net profit declined 64.06% to Rs 8.32 crore in the year ended March 2017 as against Rs 23.15 crore during the previous year ended March 2016. Sales rose 22.01% to Rs 31.49 crore in the year ended March 2017 as against Rs 25.81 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales17.4312.23 43 31.4925.81 22 OPM %-11.301.39 --27.63-9.96 - PBDT-1.441.23 PL 12.4329.80 -58 PBT-1.561.11 PL 11.9729.16 -59 NP-1.72-0.05 -3340 8.3223.15 -64

Powered by Capital Market - Live News

Ashirwad Steels & Industries reports standalone net profit of Rs 0.07 crore in the March 2017 quarter
May 19,2017

Net profit of Ashirwad Steels & Industries reported to Rs 0.07 crore in the quarter ended March 2017 as against net loss of Rs 0.15 crore during the previous quarter ended March 2016. Sales reported to Rs 0.33 crore in the quarter ended March 2017. There were no Sales reported during the previous quarter ended March 2016.

For the full year,net profit rose 333.33% to Rs 0.78 crore in the year ended March 2017 as against Rs 0.18 crore during the previous year ended March 2016. Sales reported to Rs 1.07 crore in the year ended March 2017. There were no Sales reported during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.330 0 1.070 0 OPM %-42.420 --63.550 - PBDT-0.05-0.16 69 1.450.66 120 PBT-0.21-0.30 30 0.820.03 2633 NP0.07-0.15 LP 0.780.18 333

Powered by Capital Market - Live News

Titagarh Wagons reports consolidated net profit of Rs 11.32 crore in the March 2017 quarter
May 19,2017

Net profit of Titagarh Wagons reported to Rs 11.32 crore in the quarter ended March 2017 as against net loss of Rs 6.43 crore during the previous quarter ended March 2016. Sales rose 106.09% to Rs 652.06 crore in the quarter ended March 2017 as against Rs 316.39 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 26.90 crore in the year ended March 2017 as against net loss of Rs 16.46 crore during the previous year ended March 2016. Sales rose 78.65% to Rs 1713.60 crore in the year ended March 2017 as against Rs 959.17 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales652.06316.39 106 1713.60959.17 79 OPM %5.496.33 -6.303.17 - PBDT33.6035.43 -5 105.7253.97 96 PBT18.0317.40 4 54.208.05 573 NP11.32-6.43 LP 26.90-16.46 LP

Powered by Capital Market - Live News

Deccan Cements to pay final dividend
May 19,2017

Deccan Cements announced that final dividend, if approved at the 37th AGM will be paid / dispatched in between 21 August to 31 August 2017.

Powered by Capital Market - Live News

Board of Deccan Cements approves sub-division of equity shares
May 19,2017

Deccan Cements announced that the Board of Directors of the Company at its meeting held on 19 May 2017 has approved Sub-division of existing 1 equity share of face value Rs. 10/- each into 2 equity shares of face value Rs.5/- each, subject to approval of shareholders at the 37th Annual General Meeting.

Powered by Capital Market - Live News

NESCO plans sub-division of equity shares
May 19,2017

NESCO has plans for sub-division of the face value of equity shares of the Company. The Board of Directors will consider the proposal at meeting on 29 May 2017.

Powered by Capital Market - Live News

VRL Logistics appoints director
May 19,2017

VRL Logistics announced the appointment of N Umesh as a whole time director subject to approval of Shareholders at the ensuing Annual General Meeting of the Company

Powered by Capital Market - Live News

Laurus Labs receives EIR for API facility of Unit 2
May 19,2017

Laurus Labs announced that the API facility of the Unit 2 has completed successful USFDA inspection without any 483 and the formulations unit in the same facility received EIR (Establishment Inspection Report) on 18 May 2017

Powered by Capital Market - Live News

Board of Mahindra Holidays & Resorts India recommends bonus issue
May 19,2017

Mahindra Holidays & Resorts India announced that the Board of Directors of the Company at its meeting held on 19 May 2017, inter alia, has:

1. Recommended a dividend of Rs. 5/- (Rupees Five only) per equity share of Rs.10/- each for the financial year ended 31 March 2017.

2. Recommended issue of Bonus Shares in the proportion of 1:2 i.e. 1 (One) bonus equity share of Rs. 10/- each for 2 (Two) fully paid-up equity shares of Rs. 10/- each held as on the Record Date, subject to the approval of the Members of the Company. The Record Date for this purpose is being informed separately.

Powered by Capital Market - Live News

Titagarh Wagons reports standalone net profit of Rs 7.01 crore in the March 2017 quarter
May 19,2017

Net profit of Titagarh Wagons reported to Rs 7.01 crore in the quarter ended March 2017 as against net loss of Rs 9.79 crore during the previous quarter ended March 2016. Sales rose 31.08% to Rs 98.35 crore in the quarter ended March 2017 as against Rs 75.03 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 19.28 crore in the year ended March 2017 as against net loss of Rs 8.98 crore during the previous year ended March 2016. Sales rose 12.10% to Rs 349.18 crore in the year ended March 2017 as against Rs 311.48 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales98.3575.03 31 349.18311.48 12 OPM %4.401.32 -5.14-1.11 - PBDT12.458.59 45 37.8717.76 113 PBT8.044.63 74 26.315.63 367 NP7.01-9.79 LP 19.28-8.98 LP

Powered by Capital Market - Live News