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

Tech Mahindra slides on brokerage sell reports
Nov 01,2016

Meanwhile, the S&P BSE Sensex was up 62.24 points or 0.22% at 27,992.45.

On BSE, so far 1.74 lakh shares were traded in the counter as against average daily volume of 3.31 lakh shares in the past one quarter. The stock hit a high of Rs 437 and a low of Rs 429.85 so far during the day. The stock had hit a 52-week low of Rs 405.10 on 17 October 2016. The stock had hit a 52-week high of Rs 569 on 4 November 2015. The stock had outperformed the market over the past one month till 30 October 2016, advancing 4.67% compared with 0.23% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, sliding 9.7% as against Sensexs 0.43% fall.

The large-cap company has equity capital of Rs 486.02 crore. Face value per share is Rs 5.

Reports suggested the domestic brokerage feels that a very sharp turnaround in Tech Mahindras margins in FY 2018 seems to be remote as subsidiaries margin improvement exercise is likely to be a 2-3 year affair.

Tech Mahindras consolidated net profit declined 19.22% to Rs 643.40 crore on 3.56% growth in income from operations to Rs 7167.41 crore in Q2 September 2016 over Q1 June 2016.

Tech Mahindra is a specialist in digital transformation, consulting and business re-engineering solutions.

Powered by Capital Market - Live News

BGR Energy Systems jumps after winning contract
Nov 01,2016

The announcement was made during trading hours today, 1 November 2016.

Meanwhile, the BSE Sensex was up 69.02 points, or 0.25%, to 27,999.23.

On BSE, so far 2.98 lakh shares were traded in the counter, compared with average daily volume of 43,256 shares in the past one quarter. The stock hit a high of Rs 128.30 and a low of Rs 117.80 so far during the day. The stock hit a 52-week high of Rs 138.80 on 6 January 2016. The stock hit a 52-week low of Rs 89.40 on 12 February 2016. The stock had outperformed the market over the past 30 days till 30 October 2016, rising 7.24% compared with 0.23% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 3.84% as against Sensexs 0.26% decline.

The small-cap company has equity capital of Rs 72.16 crore. Face value per share is Rs 10.

BGR Energy Systems said it won the Balance of Plant (BOP) contract from Tamilnadu Generation and Distribution Corporation (TANGEDCO) for 1x800 megawatts (MW) North Chennai Thermal Power Project n++ Stage III. BGR Energy secured this contract in an International competitive bidding which witnessed stiff competition. The value of the contract is Rs 2600 crore. The contract completion period is 36 months from the date of award.

The contract is for design, engineering, manufacturing, fabrication, assembly, inspection, testing, transportation, erection, testing and commissioning of the balance of plant mechanical, electrical and control & instrumentation works including associated civil works for establishment of coal based 1 x 800 MW North Chennai Supercritical Thermal Power Project Stage-III in the premises of existing NCTPS at Ennore & Puzhudhivakkam Village, Thiruvallur District, Tamil Nadu.

Including this order, BGR Energy carries over an order book of Rs 7429 crore.

Net profit of BGR Energy Systems declined 21.42% to Rs 8.66 crore on 6.48% decline in net sales to Rs 834.15 crore in Q1 June 2016 over Q1 June 2015.

BGR Energy Systems is a leading engineering, procurement and construction (EPC) and balance of plant (BOP) engineering and contracting company for power projects in India.

Powered by Capital Market - Live News

Ashok Leyland drops amid volatility after strong sales in October
Nov 01,2016

The company announced the monthly sales volume data during market hours today, 1 November 2016.

Meanwhile, the S&P BSE Sensex was up 84.18 points or 0.3% at 28,014.39.

On BSE, so far 13.02 lakh shares were traded in the counter as against average daily volume of 12.68 lakh shares in the past one quarter. The stock was volatile. The stock lost as much as 1.42% at the days low of Rs 90.05 so far during the day. The stock rose as much as 1.42% at the days high of Rs 92.65 so far during the day. The stock had hit a record high of Rs 112.80 on 13 April 2016. The stock had hit a 52-week low of Rs 75.15 on 30 September 2016. The stock had outperformed the market over the past one month till 30 October 2016, advancing 14.76% compared with 0.23% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, sliding 4.3% as against Sensexs 0.43% fall.

The large-cap company has equity capital of Rs 284.59 crore. Face value per share is Rs 1.

Ashok Leylands sales of light commercial vehicles (LCV) rose 13% to 2,959 units in October 2016 over October 2015. Sales of medium & heavy commercial vehicles (M&HCV) surged 33% to 9,574 units in October 2016 over October 2015.

Ashok Leylands net profit jumped 101.2% to Rs 290.78 crore on 10.6% growth in net sales to Rs 4175.79 crore in Q1 June 2016 over Q1 June 2015. The company is scheduled to announce Q2 September 2016 earnings on 8 November 2016.

Ashok Leyland is one of the leading manufacturers of medium and heavy commercial vehicles in India.

Powered by Capital Market - Live News

Kitex Garments fixes record date
Nov 01,2016

Kitex Garments has fixed 18th November 2016 as the Record Date for the purpose of payment of First Interim Dividend.

Powered by Capital Market - Live News

S V Global Mill to hold board meeting
Nov 01,2016

S V Global Mill will hold a meeting of the Board of Directors of the Company on 9 November 2016 to approve the unaudited financial results of the Company for the quarter / half year ended September 30, 2016.

Powered by Capital Market - Live News

Triveni Enterprises to hold board meeting
Nov 01,2016

Triveni Enterprises will hold a meeting of the Board of Directors of the Company on 11 November 2016 Unaudited Audited Financial Results along with Limited Review Report of the Company for the quarter ended on September 30, 2016.

Powered by Capital Market - Live News

UCO Bank to hold board meeting
Nov 01,2016

UCO Bank will hold a meeting of the Board of Directors of the Company on 9 November 2016 to consider the unaudited Financial Results of the Bank for the 2nd quarter ended on September 30, 2016 (Q2).

Powered by Capital Market - Live News

Savera Industries to hold board meeting
Nov 01,2016

Savera Industries will hold a meeting of the Board of Directors of the Company on 12 November 2016 to consider and approve amongst other things, the unaudited financial results of the company for the quarter ended September 30, 2016.

Powered by Capital Market - Live News

Gateway Distriparks fixes record date
Nov 01,2016

Gateway Distriparks has fixed 19th November 2016 as the Record Date for the purpose of payment of Interim Dividend.

Powered by Capital Market - Live News

Servalakshmi Paper to hold board meeting
Nov 01,2016

Servalakshmi Paper will hold a meeting of the Board of Directors of the Company on 11 November 2016 unaudited financial results of the Company for the 2nd quarter and half year ended September 30, 2016.

Powered by Capital Market - Live News

Goodluck India to hold board meeting
Nov 01,2016

Goodluck India will hold a meeting of the Board of Directors of the Company on 11 November 2016 Un-audited and reviewed standalone financial results of the Company for 3 months financial period (Q2) & half year ended on September 30, 2016.

Powered by Capital Market - Live News

Svarnim Trade Udyog to hold board meeting
Nov 01,2016

Svarnim Trade Udyog will hold a meeting of the Board of Directors of the Company on 11 November 2016 to consider, approve and take on record, the Unaudited Audited Financial Results along with Limited Review Report of the Company for the quarter ended on September 30, 2016.

Powered by Capital Market - Live News

Sundaram Finance director resigns
Nov 01,2016

Aroon Raman, Independent Director of Sundaram Finance has relinquished his position at the board meeting held on 31 October 2016 with immediate effect.

Powered by Capital Market - Live News

NTPC changes directorate
Nov 01,2016

NTPC W.e.f. 1st November 2016 has appointed Saptarshi Roy as Director (HR) after due consent from the Ministry of Power, upon the resignation of U P Pani from the same position on attaining the age of superannuation on 31st October 2016.

Powered by Capital Market - Live News

Jagatjit Industries Managing Director resigns
Nov 01,2016

Narender Sapra the Managing Director of Jagatjit Industries has resigned and henceforth he ceases to be a director of the Company w.e.f. 31 October 2016.

Powered by Capital Market - Live News