My Application Form Status

Check the status of your application form with 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 Balrampur Chini Mills approves buyback of equity shares
Nov 15,2016

Balrampur Chini Mills announced that the Board of Directors of the Company at its meeting held on 15 November 2016, inter-alia, has approved the buyback of fully paid up Equity Shares of face value of Re. 1/- (Rupee One only) each not exceeding 1,00,00,000 (One Crore) Equity Shares (representing upto 4.08% of the total paid-up Equity Share capital of the Company as on 31 March 2016) at a price of Rs. 175.00/- (Rupees One Hundred Seventy Five only) per Equity Share payable in cash for an aggregate amount of upto Rs. 175 crore excluding transaction costs viz. brokerage, securities transaction tax, service tax, stamp duty, etc., which is approximately 14.72% of the fully paid-up Equity Share capital and Free Reserves (including Securities Premium Account) as per the latest Audited Standalone Balance Sheet of the Company for the financial year ended 31 March 2016 on a proportionate basis through the Tender Offer route using Stock Exchange Mechanism as prescribed under Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998 (the Buyback Regulations) and the Companies Act, 2013 (the Act) and rules made thereunder from the equity shareholders of the Company who hold Equity Shares as on the record date (to be determined) (Buyback). The Buyback would be subject to approval of the shareholders by way of a Special Resolution through Postal Ballot and all other applicable statutory approvals.

- Noted the intention of the Promoters and Promoter Group of the Company to participate in the proposed buy back.

- Approved the Postal Ballot Process and allied matters for obtaining shareholders approval for the buy back.

- Appointed Axis Capitaln++ as the Manager to the Buyback. The public announcement setting out the process, timelines and other requisite details will be released in due course in accordance with the Buyback Regulations.

Powered by Capital Market - Live News

Board of Kanoria Chemicals & Industries to consider Q2 and half year results
Nov 15,2016

Kanoria Chemicals & Industries announced that a meeting of the Board of Directors of the Company has been convened on 29 November 2016, inter alia, to consider and approve the Unaudited Financial Results of the Company for the 2nd quarter and half year ended on 30 September 2016.

Powered by Capital Market - Live News

Board of T.V. Today Network to consider Q2 results
Nov 15,2016

T.V. Today Network announced that a meeting of the Board of Directors of the Company is scheduled to be held on 02 December 2016, inter alia, to consider, approve and take on record the Unaudited Financial Results of the Company for the quarter & half year ended 30 September 2016 along with the limited review report of the auditors for the corresponding period (Q2).

Powered by Capital Market - Live News

Merck hits 52-week high after blockbuster Q3 report card
Nov 15,2016

The result was announced after market hours on Friday, 11 November 2016. The stock markets were closed on Monday, 14 November 2016, for a public holiday.

Meanwhile, the S&P BSE Sensex was down 514.19 points or 1.92% at 26,304.63

On BSE, so far 49,000 shares were traded in the counter as against average daily volume of 6,084 shares in the past two weeks. The stock hit a high of Rs 906.30 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 840.70 so far during the day. The stock had hit a 52-week low of Rs 623 on 12 February 2016.

The small-cap company has equity capital of Rs 16.60 crore. Face value per share is Rs 10.

Merck is a leading science and technology company in healthcare, life science and performance materials.

Powered by Capital Market - Live News

Hong Kong Stocks rebound from 3-month low
Nov 15,2016

The Hong Kong stock market closed higher for the first time last three sessions on Tuesday, 15 November 2016, as the US dollar retreated from recent highs and the Shenzhen Hong Kong Stock Connect prepared for its debut. Market gains were led by strong performances from health and personal care stocks, and insurance stocks. The Hang Seng Index ended the day up 0.46% or 101.69 points at 22,323.91 while the Hang Seng China Enterprises Index jumped 0.59% or 55.23 points to 9,398.10. Turnover decreased to HK$69.5 billion from HK$80.7 billion on Monday.

Powered by Capital Market - Live News

Polaris Consulting & Services announces change in registered office
Nov 15,2016

Polaris Consulting & Services announced that the registered office of the Company stands shifted to No. 34 IT Highway, Navallur, Chennai - 603 103 with immediate effect.

Powered by Capital Market - Live News

China Stocks slip on profit booking
Nov 15,2016

Mainland China stock market closed down on Tuesday, 15 November 2016, snapping a three-day winning streak, as investors took profits in resource stocks after a slump in the countrys commodity futures market. Sectors were mixed, with materials and infrastructures lost ground, while gains were seen in properties and consumers. The benchmark Shanghai Composite Index declined 0.11% to close at 3,206.99 points. The CSI 300 index closed marginal 0.01% down at 3,429.87 points.

Powered by Capital Market - Live News

WPI inflation declines to 3.39% in October 2016
Nov 15,2016

The Wholesale Price Index (WPI)-based inflation eased for the second straight month to 3.39% in October 2016 from 3.6% in September 2016 and 3.9% in August 2016. The decline in WPI inflation was mainly driven by dip in inflation for primary articles, while inflation for fuel & power and manufactured products group moved up in October 2016. Further, the unfavourable base effect restricted sharp decline in inflation in October 2016.

Inflation of primary articles dipped to 3.3% in October 2016 from 4.8% in September 2016. The inflation for manufactured products rose to 2.7% in October 2016. Further, the inflation for fuel items accelerated further to 6.2% in October 2016 from 5.6% in September 2016.

As per major commodity group-wise, inflation eased for foodgrains, fruits, fish, mutton, spices, fibres, oilseeds, raw rubber, flowers, grain mill products, sugar, oil cakes, edible oils, textiles, wood and products, and paper & products in October 2016. On the other hand, inflation rose for vegetables, milk, iron ore, copper ore, crude petroleum, mineral oils, dairy products, tea & coffee products, cashew kernel, leather products, rubber and plastic products, chemical products, non-metallic mineral products, and basic metals in October 2016.

Inflation of food items (food articles and food products) eased to 6.3% in October 2016 from 7.5% in September 2016. Meanwhile, inflation of non-food items (all commodities excluding food items) moved up to 2.1% in October 2016 from 1.8% in September 2016.

Core inflation (manufactured products excluding foods products) rose to 1.1% in October 2016 from 0.6% in September 2016.

The contribution of primary articles to the overall inflation, at 3.39%, was 96 basis points (bps) in October 2016 compared with 137 bps in September 2016. The contribution of manufactured products was 151 bps compared with 140 bps, while that of fuel product group was 92 bps against 83 bps in September 2016.

The contribution of food items (food articles and food products) to inflation fell to 1.97 bps in 3.39% in October 2016 compared with 233 bps to 3.57% in September 2016. Meanwhile, the contribution of non-food items (all commodities excluding food items) was 144 bps in October 2016 compared with 126 bps in September 2016.

As per the revised data, the inflation figure for August 2016 was revised up to 3.9% compared with 3.7% reported provisionally.

Powered by Capital Market - Live News

Australia Stocks end just a shade lower
Nov 15,2016

Australian share market finished session just a shade lower on Tuesday, 15 November 2016, recouping some early losses after positive remarks on the economy from the Reserve Bank of Australia offset risk aversion. In the minutes of its November policy meeting, Australias central bank said it expects core inflation to pick up gradually amid surging prices for key commodity exports and an economy running near potential, implying it might be done cutting interest rates this cycle. The ASX sectors closed mixed, with materials and healthcare issues underperformed other sectors, offsetting gains in energy sector. At the closing bell, the benchmark S&P/ASX 200 index declined 19.50 points, or 0.36%, to 5,326.20, while the broader All Ordinaries index decreased 20.50 points, or 0.38%, to 5,399.80.

Powered by Capital Market - Live News

Japan Stocks closed mixed
Nov 15,2016

The Japan share market ended edge below neutral line on Tuesday, 15 November 2016, with investors locking in profits after the benchmark gauge ended the previous day at a nine-month high. 21 out of 33 TSE industry categories closed in positive territory, led by Banks, Warehousing & Harbor Transportation Services, Pharmaceutical, and Mining stocks, while Pulp & Paper, Marine Transportation, and Transportation stocks were notable losers. The 225-issue Nikkei Stock Average fell 4.47 points, or 0.03%, to 17,668.15, while the broader Topix index of all First Section issues on the Tokyo Stock Exchange jumped 2.98 points, or 0.21%, to end at 1,402.98.

Powered by Capital Market - Live News

Ratnamani Metals & Tubes to announce September quarter results
Nov 15,2016

Ratnamani Metals & Tubes announced that the Meeting of the Board of Directors of the Company will be scheduled to be held on 30 November 2016, inter alia, to consider Unaudited Financial Results (Standalone) and Statement of Assets & Liabilities for the period ended on 30 September 2016.

Powered by Capital Market - Live News

Integra Telecommunication & Software announces change in registered office
Nov 15,2016

Integra Telecommunication & Software announced that the Companys registered office has been shifted from 2283, Sector-D, Pocket-2, Vasant Kunj, New Delhi-110070 to 108/9, Kishan Garh Village, Vasant Vihar, New Delhi-110070.

Powered by Capital Market - Live News

Lesha Industries appoints director
Nov 15,2016

Lesha Industries announced that Payal Makani has been appointed as additional, Independent Non-Executive, Director of the Company with effect from 14 November 2016.

Powered by Capital Market - Live News

Sandur Manganese & Iron Ores fixes record date for interim dividend
Nov 15,2016

Sandur Manganese & Iron Ores announced that the Company has fixed 26 November 2016 as the Record Date for the purpose of Payment of Interim Dividend.

Powered by Capital Market - Live News

Board of Welspun India approves capital investment of Rs 600 cr
Nov 15,2016

Welspun India announced that the Board of the Company at its Board Meeting held on 15 November 2016, had approved the capital investment of Rs. 600 crore in flooring solutions i.e., manufacturing of world class carpets, rugs etc. This investment will benefit from synergies arising from the Companys existing product line and customer base. The capex will be done over 18 months spread over FY18 & FY19.

Powered by Capital Market - Live News