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 Transchem considers cessation of director
Feb 02,2017

Transchem announced that the Board of Directors of the Company at its meeting held on 31 January 2017, has taken on record cessation of Vinayak G. Vengurlekar from the office of Director of the Company.

Powered by Capital Market - Live News

Tata Motors may decline after registering drop in sales in January
Feb 02,2017

Tata Motors passenger and commercial vehicle total sales fell 1% to 46,349 vehicles in January 2017 over January 2016. The companys domestic sales of Tata commercial and passenger vehicles registered flat growth at 41,428 units in January 2017 over January 2016. The announcement was made after market hours yesterday, 1 February 2017.

Tata Motors passenger vehicles, in the domestic market, recorded 21% rise in sales at 12,907 units in January 2017 over January 2016, due to continued strong demand for the Tata Tiago. The company has also received an encouraging response to its recently launched lifestyle UV, Tata Hexa. The overall commercial vehicles sales in January 2017, in the domestic market were at 28,521 units, lower by 7% over January 2016.

The construct segment continued to grow strongly by 26.5% Y-o-Y, as road construction continues to drive demand, along with coal & iron ore mining also gaining momentum. IM&HCV Bus sales grew by 12%. The M&HCV segment is witnessing a surge in enquiry levels, after a weak Q3. The companys sales from exports was fell 13% at 4,921 units in January 2017 over January 2016.

Hero MotoCorps sales fell 13.53% to 4.87 lakh units in January 2017 over January 2016. The announcement was made after market hours yesterday, 1 February 2017. There is a positive change in the market sentiments, which is reflected in the improved offtake, and the company expects industry sales to gradually return towards normalcy.

Mahindra & Mahindra (M&M)s total tractor sales rose 6% to 15,909 units in January 2017 over January 2016. Domestic sales rose 3% to 14,776 units in January 2017 over January 2016. Exports jumped 71% to 1,133 units January 2017 over January 2016. The announcement was made after market hours yesterday, 1 February 2017.

M&Ms total sales fell 10% to 39,303 units in January 2017 over January 2016. Domestic sales declined 9% to 37,042 units in January 2017 over January 2016. Exports dropped 27% to 2,261 units January 2017 over January 2016.

Wipro announced that it has joined the Industrial Internet Consortium (IIC), the global, member-supported organization that promotes the accelerated growth of the Industrial Internet of Things (IIoT). This membership provides Wipro opportunities to engage and innovate with multi-partner testbeds and adopt best practices to drive digital transformation for customers. The announcement was made after market hours yesterday, 1 February 2017.

The Industrial Internet Consortium coordinates ecosystem initiatives to securely connect, control and integrate assets and systems of assets with people, processes and data. It uses common architectures, interoperability and open standards to deliver transformational business and societal outcomes across industries and public infrastructure.

Coal India said that production of the company and its subsidiaries was 92% of targeted production at 55.99 million tonnes in January 2017. The offtake was 92% of targeted offtake at 51.35 million tonnes in January 2017. The announcement was made before market hours today, 2 February 2017.

SML Isuzus sales rose 19.6% to 1,002 units in January 2017 over January 2016. The announcement was made after market hours yesterday, 1 February 2017.

Dishman Pharmaceuticals and Chemicals announced that the company has received the Establishment Inspection Report (EIR) from the USFDA for Bavla facility on 1 February 2017. Bavla facility was successfully inspected by the USFDA in July, 2016, which was intimated to the stock exchanges on 9 July 2016. Thus, the companys facilities in Bavla, Naroda and Switzerland continue to be approved by the USFDA. The announcement was made before market hours today, 2 February 2017.

Powered by Capital Market - Live News

Reliance Power to announce Q3 and 9M results
Feb 01,2017

Reliance Power announced that a meeting of the Board of Directors of the Company will be held on 08 February 2017, inter alia, to consider and approve the standalone and consolidated unaudited financial results of the Company for the third quarter and nine months ended 31 December 2016 (Q3) of the Financial Year 2016-17.

Powered by Capital Market - Live News

Era Infra Engineering to consider December quarter results
Feb 01,2017

Era Infra Engineering announced that a meeting of the Board of Directors of the Company is scheduled to be held on 09 February 2017, inter alia, to consider, approve the Un-Audited Quarterly Financial Results for the quarter ended on 31 December 2016.

Powered by Capital Market - Live News

Oracle Financial Services Software to consider Q3 and 9M results
Feb 01,2017

Oracle Financial Services Software announced that the meeting of the Board of Directors of the Company will be held on 08 February 2017, inter alia, to consider & approval of unaudited standalone and consolidated Ind-AS financial results for the quarter and nine month period ended 31 December 2016 (Q3).

Powered by Capital Market - Live News

Board of Trimurthi to consider December quarter results
Feb 01,2017

Trimurthi announced that the meeting of the Board of Directors of the Company will be held on 13 February 2017, inter alia, to transact the following items of business thereat:

1. Consider, approve and take on record the Un-audited Quarterly results for the quarter ended 31 December 2016.

2. To appoint Independent Director in place of Ramswarup Agarwal who resigned on 05 November 2016.

Powered by Capital Market - Live News

Petronet LNG to consider December quarter results
Feb 01,2017

Petronet LNG announced that the Meeting of Board of Directors of the Company has been scheduled on 13 February 2017, inter alia, to consider and approve the un-audited financial results for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

Board of Mayur Leather Products to consider December quarter results
Feb 01,2017

Mayur Leather Products announced that a Meeting of the Board of Directors of the Company is proposed to be held on 13 February 2017, inter alia:

- To Consider and approve the Unaudited Financial Results of the Company for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

Board of Midwest Gold to consider December quarter results
Feb 01,2017

Midwest Gold announced that a meeting of the Board of Directors of the Company will be held on 13 February 2017, inter alia, to transact the following business:

1. To consider, discuss and approve Un-audited Financial Results for the quarter ended 31 December 2016,

2. To consider and approve the limited review report for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

Gulshan Polyols to announce Q3 and 9M results
Feb 01,2017

Gulshan Polyols announced that a meeting of the Board of Directors of the Company is scheduled to be held on 11 February 2017, inter alia, to consider and approve the following matters:

- Un-audited financial results of the Company for the quarter and nine months ended 31 December 2016;

Powered by Capital Market - Live News

Syncom Formulations (India) to consider Q3 and 9M results
Feb 01,2017

Syncom Formulations (India) announced that a Meeting of the Board of Directors of the Company is scheduled to be held on 13 February 2017, to consider and approve the Standalone Unaudited Financial Results of the Company for the Quarter/Nine Months ended 31 December 2016 (Q3).

Powered by Capital Market - Live News

Gayatri Sugars to consider December quarter results
Feb 01,2017

Gayatri Sugars announced that Board of Directors of the Company will meet on 10 February 2017 to consider unaudited financial results for the quarter ended 31 December 2016 and to consider variation in terms of 6% cumulative redeemable preference shares.

Powered by Capital Market - Live News

CRISIL to announce December quarter and year end results
Feb 01,2017

CRISIL announced that a meeting of the Board of Directors of the Company will be held on 11 February 2017, to consider and approve the Audited financial results for the quarter and year ended 31 December 2016 and recommend dividend, if any, for the financial year ended 31 December 2016.

Powered by Capital Market - Live News

CRISIL to announce December quarter and year end results
Feb 01,2017

CRISIL announced that a meeting of the Board of Directors of the Company will be held on 11 February 2017, to consider and approve the Audited financial results for the quarter and year ended 31 December 2016 and recommend dividend, if any, for the financial year ended 31 December 2016.

Powered by Capital Market - Live News

Board of Maharashtra Corporation to consider Q3 and 9M results
Feb 01,2017

Maharashtra Corporation announced that the Meeting of Board of Directors of the Company is scheduled to be held on 10 February 2017, inter alia, to consider the following:

- To adopt Unaudited Financial Results for the quarter and Nine months ended 31 December 2016.

Powered by Capital Market - Live News