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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.

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Shemaroo Entertainment consolidated net profit rises 35.54% in the September 2016 quarter
Oct 26,2016

Net profit of Shemaroo Entertainment rose 35.54% to Rs 15.18 crore in the quarter ended September 2016 as against Rs 11.20 crore during the previous quarter ended September 2015. Sales rose 21.42% to Rs 113.55 crore in the quarter ended September 2016 as against Rs 93.52 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales113.5593.52 21 OPM %27.9925.20 - PBDT24.7419.55 27 PBT23.6918.65 27 NP15.1811.20 36

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MPS consolidated net profit rises 14.89% in the September 2016 quarter
Oct 26,2016

Net profit of MPS rose 14.89% to Rs 20.14 crore in the quarter ended September 2016 as against Rs 17.53 crore during the previous quarter ended September 2015. Sales rose 19.83% to Rs 75.17 crore in the quarter ended September 2016 as against Rs 62.73 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales75.1762.73 20 OPM %31.4532.84 - PBDT32.4227.55 18 PBT30.6526.58 15 NP20.1417.53 15

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Delta Corp consolidated net profit rises 680.87% in the September 2016 quarter
Oct 26,2016

Net profit of Delta Corp rose 680.87% to Rs 32.25 crore in the quarter ended September 2016 as against Rs 4.13 crore during the previous quarter ended September 2015. Sales rose 43.81% to Rs 134.29 crore in the quarter ended September 2016 as against Rs 93.38 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales134.2993.38 44 OPM %42.2133.36 - PBDT49.1520.20 143 PBT39.8611.28 253 NP32.254.13 681

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Amarjothi Spinning Mills standalone net profit rises 156.68% in the September 2016 quarter
Oct 26,2016

Net profit of Amarjothi Spinning Mills rose 156.68% to Rs 6.34 crore in the quarter ended September 2016 as against Rs 2.47 crore during the previous quarter ended September 2015. Sales rose 3.88% to Rs 53.82 crore in the quarter ended September 2016 as against Rs 51.81 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales53.8251.81 4 OPM %24.6717.97 - PBDT11.026.49 70 PBT7.933.10 156 NP6.342.47 157

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Mac Charles (India) consolidated net profit rises 103.01% in the September 2016 quarter
Oct 26,2016

Net profit of Mac Charles (India) rose 103.01% to Rs 10.11 crore in the quarter ended September 2016 as against Rs 4.98 crore during the previous quarter ended September 2015. Sales rose 27.55% to Rs 22.92 crore in the quarter ended September 2016 as against Rs 17.97 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales22.9217.97 28 OPM %60.2548.41 - PBDT13.818.69 59 PBT12.947.19 80 NP10.114.98 103

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MPS standalone net profit rises 7.89% in the September 2016 quarter
Oct 26,2016

Net profit of MPS rose 7.89% to Rs 20.09 crore in the quarter ended September 2016 as against Rs 18.62 crore during the previous quarter ended September 2015. Sales rose 1.24% to Rs 57.14 crore in the quarter ended September 2016 as against Rs 56.44 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales57.1456.44 1 OPM %40.3639.53 - PBDT31.4429.24 8 PBT30.3728.33 7 NP20.0918.62 8

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Tavernier Resources standalone net profit declines 96.71% in the September 2016 quarter
Oct 26,2016

Net profit of Tavernier Resources declined 96.71% to Rs 0.07 crore in the quarter ended September 2016 as against Rs 2.13 crore during the previous quarter ended September 2015. Sales reported to Rs 0.90 crore in the quarter ended September 2016. There were no Sales reported during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.900 0 OPM %-37.780 - PBDT0.122.25 -95 PBT0.102.23 -96 NP0.072.13 -97

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Mac Charles (India) standalone net profit rises 104.94% in the September 2016 quarter
Oct 26,2016

Net profit of Mac Charles (India) rose 104.94% to Rs 9.96 crore in the quarter ended September 2016 as against Rs 4.86 crore during the previous quarter ended September 2015. Sales rose 27.55% to Rs 22.92 crore in the quarter ended September 2016 as against Rs 17.97 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales22.9217.97 28 OPM %60.2548.41 - PBDT13.818.69 59 PBT12.947.19 80 NP9.964.86 105

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Austin Engineering Company reports consolidated net loss of Rs 1.24 crore in the September 2016 quarter
Oct 26,2016

Net Loss of Austin Engineering Company reported to Rs 1.24 crore in the quarter ended September 2016 as against net loss of Rs 0.52 crore during the previous quarter ended September 2015. Sales declined 12.79% to Rs 17.38 crore in the quarter ended September 2016 as against Rs 19.93 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales17.3819.93 -13 OPM %-4.95-1.40 - PBDT-1.05-0.20 -425 PBT-1.31-0.53 -147 NP-1.24-0.52 -138

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Jubilant FoodWorks tumbles after weak Q2 numbers
Oct 26,2016

The result was announced during trading hours today, 26 October 2016.

Meanwhile, the BSE Sensex was down 218.10 points, or 0.78%, to 27,873.32.

On BSE, so far 2.61 lakh shares were traded in the counter, compared with average daily volume of 64,502 shares in the past one quarter. The stock hit a high of Rs 1,185 and a low of Rs 1,063 so far during the day. The stock hit a 52-week high of Rs 1,572.45 on 1 December 2015. The stock hit a 52-week low of Rs 896.65 on 12 February 2016. The stock had outperformed the market over the past 30 days till 25 October 2016, rising 19.34% compared with 0.72% decline in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 3.01% as against Sensexs 0.24% rise.

The mid-cap Indias largest food service company has equity capital of Rs 65.95 crore. Face value per share is Rs 10.

Jubilant FoodWorks said Dominos Pizza chain reported same store growth (SSG) of 4.2% in Q2 September 2016 compared with 3.2% in Q2 September 2015. SSG refers to the year-over-year growth in sales for restaurants in operation for 2 whole years.

Jubilant FoodWorks said revenues in Q2 September 2016 showed improvement on the back of enhanced volumes and positive same store sales growth driven by network extension into existing and new cities and towns; menu additions such as Burger Pizza and Pizza Mania Extremes; targeted promotional measures; and benefit of extensive online/mobile presence.

Jubilant FoodWorks is part of Jubilant Bhartia group and Indias largest food servicecompany, with a network of 1085 Dominos Pizza restaurants across 251 cities (as of 26 October 2016). The company & its subsidiary have the exclusive rights to develop and operate Dominos Pizza brand in India, Sri Lanka, Bangladesh and Nepal. At present it operates in India and Sri Lanka. The company also has exclusive rights for developing and operating Dunkin Donuts restaurants for India and has launched 73 Dunkin Donuts restaurants across 23 cities in India (as of 26 October 2016).

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Navneet Education plans to acquire Enclyclopedia Britannica (India)
Oct 26,2016

Navneet Education will acquire 17001063 equity shares aggregating to 100% of equity share capital of Enclyclopedia Britannica (India) for consideration of Rs 85-90 crore, subject to statutory approval, if any.

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Bharti Airtel launches affordable 10 day validity packs for international roaming
Oct 26,2016

Bharti Airtel has launched an affordable 10 day validity pack for international roaming. The 10 day roaming pack starts at Rs 1199 (USD 19) for Singapore and Thailand and is available at Rs 2999 (USD 45) for UK, US and Canada. These offer 2GB data, unlimited free incoming calls, 250 minutes of free call to India and 100 free SMSes per day. Post exhaustion of the pack benefits, international roaming data will be available for just Rs3/MB and outgoing calls to India and local call to any network will be charged at just Rs 3/min.

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Volumes jump at EIH counter
Oct 26,2016

EIH clocked volume of 17.94 lakh shares by 13:51 IST on BSE, a 152.88-times surge over two-week average daily volume of 12,000 shares. The stock rose 4.39% to Rs 114.05.

Solar Industries India notched up volume of 1.51 lakh shares, a 65.11-fold surge over two-week average daily volume of 2,000 shares. The stock rose 1.24% to Rs 655.

Max India saw volume of 10.76 lakh shares, a 41.69-fold surge over two-week average daily volume of 26,000 shares. The stock rose 0.68% to Rs 141.40.

OCL India clocked volume of 83,000 shares, a 31.13-fold surge over two-week average daily volume of 3,000 shares. The stock rose 4.35% to Rs 936.25

Astral Poly Technik saw volume of 1.60 lakh shares, a 17.17-fold rise over two-week average daily volume of 9,000 shares. The stock rose 0.06% to Rs 434.

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Shriram Transport Finance Company announces resignation of director
Oct 26,2016

Shriram Transport Finance Company announced that Jasmit Singh Gujral has also resigned from directorship of the Company with effect from close of business hours on 25 October 2016.

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PTC India announces cessation of nominee director
Oct 26,2016

PTC India announced that Hemant Bhargava, Director, nominee Director of LIC of India has ceased to be a Director of PTC India w.e.f 20 October 2016.

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