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

Prakash Steelage to hold board meeting
May 18,2017

Prakash Steelage will hold a meeting of the Board of Directors of the Company on 26 May 2017, inter alia, among other matters, to consider, approve and take on record the Audited Financial Results along with Auditors Report for the quarter and financial year ended 31st March 2017.

Powered by Capital Market - Live News

Cantabil Retail India to hold board meeting
May 18,2017

Cantabil Retail India will hold a meeting of the Board of Directors of the Company on 26 May 2017, to consider amongst other items of Agenda, the Audited Financial Results of the Company for the quarter and financial year ended on 31st March 2017.

Powered by Capital Market - Live News

Kaushalya Infrastructure Deve. Corpn to hold board meeting
May 18,2017

Kaushalya Infrastructure Deve. Corpn will hold a meeting of the Board of Directors of the Company on 30 May 2017, to consider and to take on record the Audited Financial Results for the quarter/year ended March 31, 2017, to consider and approve the Audited Standalone and Consolidated Annual Accounts for the year ended March 31, 2017, and any other business with the permission of the chair.

Powered by Capital Market - Live News

Nitin Fire Protection Industries to hold board meeting
May 18,2017

Nitin Fire Protection Industries will hold a meeting of the Board of Directors of the Company on 30 May 2017, to consider and approve the standalone and consolidated audited financial statements and results for the quarter and financial year ended March 31, 2017.

Powered by Capital Market - Live News

Visco Trade Associates to hold board meeting
May 18,2017

Visco Trade Associates will hold a meeting of the Board of Directors of the Company on 29 May 2017, to consider and approve the Audited Financial Results for the quarter ended March 31, 2017.

Powered by Capital Market - Live News

Siti Networks to hold board meeting
May 18,2017

Siti Networks will hold a meeting of the Board of Directors of the Company on 26 May 2017, to consider, approve and take on record the Audited Financial Results of the Company both on standalone and consolidated basis for the 4th quarter and financial year ended on March 31, 2017.

Powered by Capital Market - Live News

Metropoli Overseas to hold board meeting
May 18,2017

Metropoli Overseas will hold a meeting of the Board of Directors of the Company on 30 May 2017, to consider and take on record the quarterly audited financial results for the year ended on 31st March, 2017.

Powered by Capital Market - Live News

Monarch Networth Capital to hold board meeting
May 18,2017

Monarch Networth Capital will hold a meeting of the Board of Directors of the Company on 30 May 2017, to consider and approve: a)Audited Standalone Financial Results of the Company for the quarter and year ended March 31, 2017 and audited Consolidated Financial Results of the Company for the year ended March 31, 2017.

Powered by Capital Market - Live News

Real Strips to hold board meeting
May 18,2017

Real Strips will hold a meeting of the Board of Directors of the Company on 29 May 2017, to consider and take on record the quarterly audited financial results for the quarter ended on 31st March, 2017.

Powered by Capital Market - Live News

Ambitious Plastomac Company to hold board meeting
May 18,2017

Ambitious Plastomac Company will hold a meeting of the Board of Directors of the Company on 26 May 2017, to consider, approve and take on record the Audited Financial Results for the Quarter and Financial Year ended March 31, 2017.

Powered by Capital Market - Live News

Pritish Nandy Communications to hold board meeting
May 18,2017

Pritish Nandy Communications will hold a meeting of the Board of Directors of the Company on 24 May 2017, to inter-alia consider, approve and take on record the Audited Financial Results (Standalone and Consolidated) for the Quarter and Year ended March 31, 2017.

Powered by Capital Market - Live News

Rane (Madras) to pay dividend
May 18,2017

Rane (Madras) announced that final dividend, if declared by the shareholders will be paid / dispatched on 31 August 2017 (Thursday) to the eligible shareholders.

Powered by Capital Market - Live News

Tribhuvan Housing to hold board meeting
May 18,2017

Tribhuvan Housing will hold a meeting of the Board of Directors of the Company on 26 May 2017, to consider audited result for the period ended 31 March 2017.

Powered by Capital Market - Live News

Sanghi Industries to hold board meeting
May 18,2017

Sanghi Industries will hold a meeting of the Board of Directors of the Company on 24 May 2017, to consider and approve the Financial Results of the Company for the quarter and financial year ended on 31st March, 2017.

Powered by Capital Market - Live News

NIIT jumps about 6% in two sessions
May 18,2017

Meanwhile, the S&P BSE Sensex was down 112.86 points, or 0.37% to 30,545.91.

On the BSE, 1.91 lakh shares were traded in the counter so far, compared with average daily volumes of 2.52 lakh shares in the past one quarter. The stock had hit a high of Rs 91.20 and a low of Rs 87.05 so far during the day. The stock hit a 52-week high of Rs 107.80 on 20 September 2016. The stock hit a 52-week low of Rs 67 on 9 November 2016.

The stock had outperformed the market over the past one month till 17 May 2017, rising 11.73% compared with 4.57% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 20.87% as against Sensexs 8.33% rise.

The small-cap company has equity capital of Rs 33.17 crore. Face value per share is Rs 2.

NIITs consolidated net profit rose 70% to Rs 30.20 crore on 51% increase in net revenue to Rs 361.50 crore in Q4 March 2017 over Q4 March 2016. Consolidated EBITDA (earnings before interest, taxes, depreciation and amortization) rose 30% to Rs 17.20 crore in Q4 March 2017 over Q4 March 2016.

The result was announced during trading hours yesterday, 17 May 2017. Shares of NIIT rose 4.73% to settle at Rs 88.60 yesterday, 17 May 2017. The stock has risen 5.91% in two trading sessions from its close of Rs 84.60 on 16 May 2017.

On a consolidated basis, NIITs net profit fell 3% to Rs 65.10 crore on 18% increase in net revenue to Rs 1187.70 crore in the year ended March 2017 over the year ended March 2016. Consolidated EBITDA rose 7% to Rs 76 crore in the year ended March 2017 over the year ended March 2016.

NIIT is a leading skills and talent development corporation that is building a manpower pool for global industry requirements.

Powered by Capital Market - Live News