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

Board of Mangalam Timber Products to consider Q3 and 9M results
Jan 20,2017

Mangalam Timber Products announced that a meeting of Board of the Directors of the Company will be held on 07 February 2017, inter alia, to consider the Unaudited Financial Results of the company for the quarter and nine months ended 31 December 2016.

Powered by Capital Market - Live News

Tinna Rubber & Infrastructure to announce December quarter results
Jan 20,2017

Tinna Rubber & Infrastructure announced that meeting of the Board of Directors of the Company will be held on 31 January 2017, inter alia, to consider Unaudited Financial Results of the Company for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

Board of Dhanlaxmi Bank to approve December quarter results
Jan 20,2017

Dhanlaxmi Bank announced that a meeting of the Board of Directors of the Bank is scheduled to be held on 14 February 2017, inter alia, to consider/approve the financial results of the Bank for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

Vardhman Textiles to consider Q3 and 9M results
Jan 20,2017

Vardhman Textiles announced that a meeting of the Board of Directors of the Company has been scheduled to be held on 09 February 2017, inter alia, to consider and approve the Un-Audited Financial Results of the Company for the Quarter/ nine months ended 31 December 2016.

Powered by Capital Market - Live News

Future Consumer gains after entering into joint venture with Tilda Hain India
Jan 20,2017

The announcement was made before market hours today, 20 January 2017.

Meanwhile, the S&P BSE Sensex was down 92.33 points or 0.34% at 27,216.27

On the BSE, 4.38 lakh shares were traded on the counter so far as against the average daily volumes of 5.61 lakh shares in the past one quarter. The stock had hit a high of Rs 23.15 and a low of Rs 21.90 so far during the day.

The stock had hit a 52-week high of Rs 25.40 on 29 June 2016 and a 52-week low of Rs 18.10 on 9 November 2016.

The mid-cap company has equity capital of Rs 997.50 crore. Face value per share is Rs 6.

Future Consumer said that the company has entered into a joint venture agreement dated 19 January, 2017 with Tilda Hain India, a part of Hain Celestial Group, Inc., New York, USA. The joint venture is for undertaking the business of manufacturing, marketing, trading, selling and distributing various food products in the health and wellness category such as chips, non-dairy beverages, straws and infant / toddler foods.

As per the joint venture agreement, Future Consumer and Tilda Hain India each shall hold 50% of the paid-up share capital of the joint venture company. Future Consumer and Tilda Hain India shall have the right to nominate three directors each, on the board of the joint venture company.

On a consolidated basis, Future Consumer reported net loss of Rs 16.17 crore in Q2 September 2016, lower than net loss of Rs 28.66 crore in Q2 September 2015. Net sales rise 30.6% to Rs 559.83 crore in Q2 September 2016 over Q2 September 2015.

Future Consumer is Indias first sourcing-to-supermarket food company by Future Group.

Powered by Capital Market - Live News

Vardhman Special Steels to consider Q3 and 9M results
Jan 20,2017

Vardhman Special Steels will hold a meeting of the Board of Directors of the Company 03 February 2017, inter alia, to consider and approve the Un-Audited Financial Results of the Company for the Quarter/ nine months ended 31 December 2016.

Powered by Capital Market - Live News

Agro Tech Foods declines on profit booking
Jan 20,2017

Meanwhile, the S&P BSE Sensex was down 98.16 points or 0.36% at 27,209.88.

On the BSE, 3,715 shares were traded on the counter so far as against the average daily volumes of 2,624 shares in the past one quarter. The stock had hit a high of Rs 495 and a low of Rs 485.05 so far during the day.

The stock had hit a 52-week high of Rs 560 on 30 August 2016 and a 52-week low of Rs 422.05 on 23 December 2016. The stock had outperformed the market over the past one month till 19 January 2017, advancing 13.24% compared with the Sensexs 3.54% rise. The scrip had, however, underperformed the market over the past one quarter declining 3.54% as against the Sensexs 2.41% fall.

The small-cap company has equity capital of Rs 24.37 crore. Face value per share is Rs 10.

Shares of Agro Tech Foods had jumped 11.47% to settle at Rs 499.60 yesterday, 19 January 2017, after the company after market hours on 18 January 2017, reported strong Q3 December 2016 earnings.

Agro Tech Foods net profit rose 28.8% to Rs 8.27 crore on 2.7% rise in net sales to Rs 207.57 crore in Q3 December 2016 over Q3 December 2015.

Agro Tech Foods is engaged in the business of marketing food and food ingredients to consumers. It is affiliated to ConAgra Foods, Inc. of USA, which is one the worlds largest food companies.

Powered by Capital Market - Live News

Vaibhav Global provides update on subsidiary - Liquidation Channel
Jan 20,2017

Vaibhav Globals wholly owned subsidiary Liquidation Channel (LC), an interactive, omnichannel retailer focused on the jewelry, beauty, fashion, home decor and lifestyle categories, was rebranded as Shop LC.

In addition to the name change, Shop LC is designing newbroadcast studios, updating television and website content graphics and expanding its corporate headquarters.

Powered by Capital Market - Live News

Ruchi Soya spurts on buzz of tieup with Baba Ramdevs Patanjali
Jan 20,2017

Meanwhile, the BSE Sensex was down 92.75 points, or 0.34%, to 27,215.85.

On the BSE, so far 20.26 lakh shares were traded in the counter, compared with average daily volumes of 1.24 lakh shares in the past one quarter. The stock had hit a high of Rs 28.10 and a low of Rs 25.60 so far during the day.

The stock hit a 52-week high of Rs 33.20 on 28 March 2016. The stock hit a 52-week low of Rs 17.75 on 25 May 2016.

According to the report, Baba Ramdevs Patanjali will start branding and marketing the edible oil produced by Ruchi Soya across its 13 facilities, which will ensure guaranteed sales to Ruchi Soya as well as cut its distribution and marketing costs.

This arrangement comes as a massive relief to one of the countrys largest edible oil manufacturers with brands like Ruchi Gold and Mahakosh. Ruchi Soya owes almost Rs 10000 crore to banks, is contesting winding up proceedings initiated by IDFC Bank in Bombay Hight Court, and is yet to secure all 22 lenders approval to enter a joint venture with Adani Wilmar, the report suggested.

Net profit of Ruchi Soya Industries declined 77.92% to Rs 26.75 crore on 9.5% decline in net sales to Rs 4846.07 crore in Q2 September 2016 over Q2 September 2015.

Ruchi Soya Industries is a leading manufacturer and marketer of edible oils, soya food, premium table spread, vanaspati and bakery fats.

Powered by Capital Market - Live News

Millennium Online Solutions (India) to consider December quarter results
Jan 20,2017

Millennium Online Solutions ( India ) announced that the meeting of the Board of Directors of the Company will be held on 14 February 2017 inter alia, to transact the following business :

- To approve Un-Audited Financial Results along with Limited Review Report for the quarter ended on 31 December 2016.

Powered by Capital Market - Live News

Gokak Textiles to hold EGM
Jan 20,2017

Gokak Textiles announced that the Extra Ordinary General Meeting (EGM) of the Company will be held on 13 February 2017.

Powered by Capital Market - Live News

Advani Hotels & Resorts (India) to consider Q3 results and 2nd interim dividend
Jan 20,2017

Advani Hotels & Resorts (India) announced that a meeting of the Board of Directors of the Company will be held on 27 January 2017, inter alia, to consider and approve the Unaudited Financial Results for the Third quarter (Q3) and Nine months ended 31 December 2016 and also to consider the declaration of second interim dividend for F.Y. 2016-17, if any.

Powered by Capital Market - Live News

Orient Green Power gains after board OKs exclusive discussions with IL&FS
Jan 20,2017

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

Meanwhile, the BSE Sensex was down 103.75 points, or 0.38%, to 27,204.85.

On the BSE, so far 6.77 lakh shares were traded in the counter, compared with average daily volumes of 89,686 lakh shares in the past one quarter. The stock had hit a high of Rs 11.95 and a low of Rs 11.38 so far during the day.

The stock hit a 52-week high of Rs 15.10 on 2 February 2016. The stock hit a 52-week low of Rs 7.84 on 9 November 2016.

Orient Green Power Company (OGPL) announced that its board approved entering into exclusive discussions with IL&FS Wind Energy to evaluate a potential merger of the wind energy generation businesses of both entities. The resultant merged entity will have 1.2 gigawatt (GW) of operating wind capacity, and will be by far the largest listed renewable energy company in India.

OGPL is in the process of demerging its wind and biomass entities into two separate companies, viz: OGPL (wind) and Bio-bijlee Green Power (biomass) respectively. Subsequent to the demerger, OGPL will have an operating wind capacity of 425 megawatts (MW) in the financial year ending March 2017 (FY 17) with an additional 43 MW under construction which will augment capacity of the combined entity in FY 18. IL&FS Wind has an operating capacity of 775 MW in FY 17. IL&FS is also developing an additional 228 MW which the merged entity will be in a strong position to acquire.

Both companies have entered into a non-binding agreement with an exclusivity period of 90 days. At this stage, the companies would like to clarify that any potential outcome is subject to due diligence, definitive documentation and approvals by regulators, creditors, shareholders and other stake holders.

On a consolidated basis, Orient Green Power Company reported net profit of Rs 82.88 crore in Q2 September 2016 as against net loss of Rs 21.32 crore in Q2 September 2015. Net sales rose 11.62% to Rs 154.81 crore in Q2 September 2016 over Q2 September 2015.

Orient Green Power Company an independent operator and developer of renewable energy power plants in India. Currently, the companys portfolio includes biomass, biogas, wind energy and small hydroelectric projects at various stages of development.

Powered by Capital Market - Live News

Greaves Cotton gains after twin bulk deals
Jan 20,2017

A bulk deal of 2.83 lakh shares was executed on the scrip at Rs 133 per share at 10:15 IST on BSE. Another bulk deal of 3 lakh shares was executed on the scrip at Rs 132.70 per share at 10:18 IST on BSE.

Meanwhile, the S&P BSE Sensex was down 111.37 points, or 0.41%, to 27,200.82

Bulk deal boosted volume on the scrip. On BSE, so far 6.10 lakh shares were traded in the counter, compared with an average volume of 74,051 shares in the past one quarter. The stock hit a high of Rs 133.50 and a low of Rs 130.50 so far during the day. The stock hit a 52-week high of Rs 150.35 on 13 July 2016. The stock hit a 52-week low of Rs 114.20 on 29 February 2016.

The mid-cap company has an equity capital of Rs 48.84 crore. Face value per share is Rs 2.

Greaves Cottons net profit fell 6.65% to Rs 51.25 crore on 3.66% rise in net sales to Rs 438.42 crore in Q2 September 2016 over Q2 September 2015.

Greaves Cotton is one of the leading engineering companies in India with core competencies in diesel/petrol engines, farm equipment and gensets. The company sustains its leadership through seven manufacturing units which produces world class products backed by superior R&D, comprehensive marketing and service/parts network.

Powered by Capital Market - Live News

Motherson Sumi gains after buying Finlands PKC Group
Jan 20,2017

The announcement was made during trading hours today, 20 January 2017.

Meanwhile, the BSE Sensex was down 106.76 points, or 0.39%, to 27,201.84.

On the BSE, so far 3.14 lakh shares were traded in the counter, compared with average daily volumes of 2.62 lakh shares in the past one quarter. The stock had hit a high of Rs 338.10 and a low of Rs 321 so far during the day.

The stock hit a 52-week high of Rs 358.55 on 2 August 2016. The stock hit a 52-week low of Rs 206.20 on 25 February 2016.

Motherson Sumi Systems announed that its board approved a proposal to make a voluntary, recommended public tender offer to acquire all the issued and outstanding shares and option rights in PKC Group (PKC) having its headquartered in Helsinki, Finland and currently listed on the Nasdaq Helsinki stock exchange. The acquisition will be made through a wholly owned subsidiary of the company, to be setup for the purpose.

The board has also approved for signing of combination agreement between the company and PKC for the proposed transaction. Accordingly, combination agreement has been executed by the company.

PKC shareholders are being offered a cash consideration of 23.55 euros for each share/options in PKC representing an aggregate equity purchase price of approximately 571 million euros in an open tender offer. The transaction is expected to be completed by end of March 2017.

PKC is a global tier 1 supplier of wiring harness and associated components to original equipment manufacturers (OEMs) in the heavy & medium duty commercial vehicles and locomotive segments across North America, Europe, Brazil and China.

On a consolidated basis, Motherson Sumi Systems net profit rose 26.17% to Rs 479.85 crore on 14.96% growth in net sales to Rs 10018.09 crore in Q2 September 2016 over Q2 September 2015.

Motherson Sumi Systems is one of the worlds fastest growing specialized automotive component manufacturing company for original equipment manufacturers (OEMs). It is a joint venture between Samvardhana Motherson Group and Sumitomo Wiring Systems (Japan).

Powered by Capital Market - Live News