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

EMCO allots equity shares
Oct 28,2016

EMCO announced that the ESOP Committee of the Board of Directors of the Company, at its/ meeting held on 28 October 2016 wherein the ESOP Committee has allotted 1,99,998 (One Lakh Ninety Nine Thousand Nine Hundred and Ninety Eight) Equity Shares to the employees under its Employee Stock Option Scheme, 2011 pursuant to exercise of ESOPs.

Powered by Capital Market - Live News

EMCO allots equity shares
Oct 28,2016

EMCO announced that the ESOP Committee of the Board of Directors of the Company, at its/ meeting held on 28 October 2016 wherein the ESOP Committee has allotted 1,99,998 (One Lakh Ninety Nine Thousand Nine Hundred and Ninety Eight) Equity Shares to the employees under its Employee Stock Option Scheme, 2011 pursuant to exercise of ESOPs.

Powered by Capital Market - Live News

Somany Ceramics issues commercial paper aggregating Rs 15 cr
Oct 28,2016

Somany Ceramics has issued Commercial paper of Rs. 15 crore value dated 28 October 2016 having maturity on 27 December 2016.

The aforesaid issuance of commercial paper is to reduce high interest bearing cash credit limits and in turn reducing cost of borrowing.

Powered by Capital Market - Live News

Surya Roshni gets assigned credit ratings
Oct 28,2016

Surya Roshni announced that ICRA Credit Rating has assigned (ICRA)A1+(SO) (Pronounced as ICRA A one plus Structured Obligation) rating to the enhanced amount of Rs. 70 crore (from Rs. 130 crore to Rs. 200 crore) for Commercial Paper Programme of Surya Roshni.

Powered by Capital Market - Live News

Facor Alloys provides operations update
Oct 28,2016

Facor Alloys announced that the Company has restarted operation of two furnaces for production of High Carbon Ferro Chrome at the Companys plant from 28 October 2016.

Powered by Capital Market - Live News

Strides Shasun consolidated net profit rises 106.90% in the September 2016 quarter
Oct 28,2016

Net profit of Strides Shasun rose 106.90% to Rs 74.09 crore in the quarter ended September 2016 as against Rs 35.81 crore during the previous quarter ended September 2015. Sales rose 36.26% to Rs 922.17 crore in the quarter ended September 2016 as against Rs 676.76 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales922.17676.76 36 OPM %16.7615.44 - PBDT135.15122.72 10 PBT88.4086.29 2 NP74.0935.81 107

Powered by Capital Market - Live News

Grasim Industries consolidated net profit rises 145.41% in the September 2016 quarter
Oct 28,2016

Net profit of Grasim Industries rose 145.41% to Rs 1052.11 crore in the quarter ended September 2016 as against Rs 428.72 crore during the previous quarter ended September 2015. Sales rose 2.69% to Rs 8292.76 crore in the quarter ended September 2016 as against Rs 8075.48 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales8292.768075.48 3 OPM %21.5417.58 - PBDT1988.131484.23 34 PBT1538.991027.68 50 NP1052.11428.72 145

Powered by Capital Market - Live News

Carborundum Universal consolidated net profit rises 17.49% in the September 2016 quarter
Oct 28,2016

Net profit of Carborundum Universal rose 17.49% to Rs 46.68 crore in the quarter ended September 2016 as against Rs 39.73 crore during the previous quarter ended September 2015. Sales rose 7.11% to Rs 512.98 crore in the quarter ended September 2016 as against Rs 478.93 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales512.98478.93 7 OPM %16.2614.96 - PBDT85.8481.67 5 PBT61.9060.11 3 NP46.6839.73 17

Powered by Capital Market - Live News

Prime Property Development Corporation reports standalone net profit of Rs 1.56 crore in the September 2016 quarter
Oct 28,2016

Net profit of Prime Property Development Corporation reported to Rs 1.56 crore in the quarter ended September 2016 as against net loss of Rs 1.67 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 and during the previous quarter ended September 2015.

Powered by Capital Market - Live News

Bajaj Auto standalone net profit rises 6.69% in the September 2016 quarter
Oct 28,2016

Net profit of Bajaj Auto rose 6.69% to Rs 1122.75 crore in the quarter ended September 2016 as against Rs 1052.37 crore during the previous quarter ended September 2015. Sales declined 0.23% to Rs 5949.32 crore in the quarter ended September 2016 as against Rs 5962.77 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales5949.325962.77 0 OPM %21.7922.08 - PBDT1637.471584.35 3 PBT1560.521506.34 4 NP1122.751052.37 7

Powered by Capital Market - Live News

Sun Pharma Advanced Research Company reports standalone net profit of Rs 14.74 crore in the September 2016 quarter
Oct 28,2016

Net profit of Sun Pharma Advanced Research Company reported to Rs 14.74 crore in the quarter ended September 2016 as against net loss of Rs 17.74 crore during the previous quarter ended September 2015. Sales rose 120.06% to Rs 94.89 crore in the quarter ended September 2016 as against Rs 43.12 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales94.8943.12 120 OPM %13.95-36.87 - PBDT16.85-15.85 LP PBT14.74-17.74 LP NP14.74-17.74 LP

Powered by Capital Market - Live News

Strides Shasun standalone net profit rises 129.77% in the September 2016 quarter
Oct 28,2016

Net profit of Strides Shasun rose 129.77% to Rs 30.72 crore in the quarter ended September 2016 as against Rs 13.37 crore during the previous quarter ended September 2015. Sales declined 3.56% to Rs 486.08 crore in the quarter ended September 2016 as against Rs 504.01 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales486.08504.01 -4 OPM %10.199.89 - PBDT67.3056.24 20 PBT36.7030.33 21 NP30.7213.37 130

Powered by Capital Market - Live News

Unjha Formulations standalone net profit declines 58.62% in the September 2016 quarter
Oct 28,2016

Net profit of Unjha Formulations declined 58.62% to Rs 0.12 crore in the quarter ended September 2016 as against Rs 0.29 crore during the previous quarter ended September 2015. Sales rose 3.24% to Rs 2.87 crore in the quarter ended September 2016 as against Rs 2.78 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.872.78 3 OPM %4.8811.15 - PBDT0.140.31 -55 PBT0.120.29 -59 NP0.120.29 -59

Powered by Capital Market - Live News

Shah Foods standalone net profit rises 166.67% in the September 2016 quarter
Oct 28,2016

Net profit of Shah Foods rose 166.67% to Rs 0.08 crore in the quarter ended September 2016 as against Rs 0.03 crore during the previous quarter ended September 2015. Sales rose 166.67% to Rs 0.08 crore in the quarter ended September 2016 as against Rs 0.03 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.080.03 167 OPM %212.50166.67 - PBDT0.170.07 143 PBT0.130.04 225 NP0.080.03 167

Powered by Capital Market - Live News

Alkyl Amines Chemicals standalone net profit declines 1.78% in the September 2016 quarter
Oct 28,2016

Net profit of Alkyl Amines Chemicals declined 1.78% to Rs 10.47 crore in the quarter ended September 2016 as against Rs 10.66 crore during the previous quarter ended September 2015. Sales rose 0.11% to Rs 120.09 crore in the quarter ended September 2016 as against Rs 119.96 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales120.09119.96 0 OPM %16.7017.48 - PBDT18.8118.80 0 PBT15.4515.57 -1 NP10.4710.66 -2

Powered by Capital Market - Live News