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

Elgi Rubber Company consolidated net profit declines 81.00% in the December 2016 quarter
Jan 25,2017

Net profit of Elgi Rubber Company declined 81.00% to Rs 0.19 crore in the quarter ended December 2016 as against Rs 1.00 crore during the previous quarter ended December 2015. Sales rose 4.27% to Rs 83.75 crore in the quarter ended December 2016 as against Rs 80.32 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales83.7580.32 4 OPM %8.068.85 - PBDT4.615.77 -20 PBT-0.030.38 PL NP0.191.00 -81

Powered by Capital Market - Live News

Mafatlal Industries reports standalone net loss of Rs 12.51 crore in the December 2016 quarter
Jan 25,2017

Net loss of Mafatlal Industries reported to Rs 12.51 crore in the quarter ended December 2016 as against net profit of Rs 1.74 crore during the previous quarter ended December 2015. Sales rose 6.49% to Rs 273.79 crore in the quarter ended December 2016 as against Rs 257.10 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales273.79257.10 6 OPM %0.052.24 - PBDT-4.997.44 PL PBT-12.511.84 PL NP-12.511.74 PL

Powered by Capital Market - Live News

Aurobindo Pharma to announce Q3 results
Jan 25,2017

Aurobindo Pharma announced that a Meeting of the Board of Directors of the Company will be held on 09 February 2017, inter alia, to consider the Unaudited Financial Results (Standalone & Consolidated) of the Company for the third quarter and nine months period ended 31 December 2016 (Q3) of the Financial Year 2016-17.

Powered by Capital Market - Live News

TRF appoints directors
Jan 25,2017

The TRF Board of Directors appointed three additional directors on its board on 25 January 2017 - Sandeep Biswas, Dibyendu Bose and Rajesh Rajan Jha. All the additional directors are senior executives from Tata Steel.

Powered by Capital Market - Live News

Tirupati Tyres appoints director
Jan 25,2017

Tirupati Tyres announced that the Company has appointed Jitendra Ramjeet Yadav as Executive Director with effect from 25 January 2017.

Powered by Capital Market - Live News

Gujarat Industries Power Co director resigns
Jan 25,2017

Gujarat Industries Power Co announced that Dr. Ajay N Shah, Independent Director of the Company has resigned from the Board of Directors of the Company w.e.f. 11 January 2017.

Powered by Capital Market - Live News

Natco Pharma provides update on USFDA inspection of its formulations facility in Kothur
Jan 25,2017

Natco Pharma announced that an inspection was conducted by the USFDA at its pharmaceutical formulations facility in Kothur, near Hyderabad between 16-24 January 2017. Following the inspection, the facility has received six observations. The company will provide due justifications and corrective action plan within next 15 working days to address the USFDA observations.

Powered by Capital Market - Live News

Starlog Enterprises provides update on project for development of North Cargo Berth-II at Tuticorin Port
Jan 25,2017

Starlog Enterprises announced that Tuticorin Coal Terminal, an Associate Company, has achieved financial closure for the revised project cost of Rs.645.50 crore for the Development of North Cargo Berth-II for Handling Bulk Cargoes at Tuticorin Port on Design, build, finance, operate and transfer (DBFOT) basis.

Powered by Capital Market - Live News

Atlanta secures road project on NH-8 from NHAI
Jan 25,2017

Atlanta has received the Letter of Award (LOA) for Six Laning from Km 401.200 to 494.410 of NH-8 in state of Gujarat (Length 93.210 Km) on Hybrid Annuity Mode under NHDP Phase V (Package -VI) from National Highways Authority of India (n++NHAln++).

Powered by Capital Market - Live News

Prakash Industries allots 11,65,954 equity shares
Jan 25,2017

Prakash Industries has received notice(s) from FCCB holder(s) for conversion of 22 Nos. FCCB (US$ 50,000 each) in to 11,65,954 Nos. equity shares of Rs.10/- each of the Company in accordance with restructuring terms accepted by FCCB holder(s). Accordingly, the FCCB Conversion Committee of the Company in its meeting held on 25 January 2017 has allotted 11,65,954 equity shares to the said FCCB holder(s). Consequent upon the aforesaid conversion, the paid up share capital of the Company has increased from Rs.1,35,60,14,690/- to Rs. 1,36,76,74,230/-.

Powered by Capital Market - Live News

Indiabulls Real Estate standalone net profit declines 54.29% in the December 2016 quarter
Jan 25,2017

Net profit of Indiabulls Real Estate declined 54.29% to Rs 4.37 crore in the quarter ended December 2016 as against Rs 9.56 crore during the previous quarter ended December 2015. Sales rose 66.28% to Rs 7.25 crore in the quarter ended December 2016 as against Rs 4.36 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales7.254.36 66 OPM %-29.10-167.89 - PBDT4.8111.33 -58 PBT4.5210.69 -58 NP4.379.56 -54

Powered by Capital Market - Live News

Cholamandalam Investment & Finance Company consolidated net profit rises 10.37% in the December 2016 quarter
Jan 25,2017

Net profit of Cholamandalam Investment & Finance Company rose 10.37% to Rs 163.38 crore in the quarter ended December 2016 as against Rs 148.03 crore during the previous quarter ended December 2015. Sales rose 11.37% to Rs 1174.38 crore in the quarter ended December 2016 as against Rs 1054.53 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales1174.381054.53 11 OPM %70.4470.10 - PBDT262.49229.08 15 PBT251.82224.05 12 NP163.38148.03 10

Powered by Capital Market - Live News

IIFL Holdings consolidated net profit rises 41.35% in the December 2016 quarter
Jan 25,2017

Net profit of IIFL Holdings rose 41.35% to Rs 179.07 crore in the quarter ended December 2016 as against Rs 126.69 crore during the previous quarter ended December 2015. Sales rose 29.39% to Rs 1270.54 crore in the quarter ended December 2016 as against Rs 981.91 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales1270.54981.91 29 OPM %68.2165.43 - PBDT341.89216.09 58 PBT328.95199.23 65 NP179.07126.69 41

Powered by Capital Market - Live News

Indiabulls Ventures consolidated net profit declines 54.08% in the December 2016 quarter
Jan 25,2017

Net profit of Indiabulls Ventures declined 54.08% to Rs 10.59 crore in the quarter ended December 2016 as against Rs 23.06 crore during the previous quarter ended December 2015. Sales rose 1.72% to Rs 73.90 crore in the quarter ended December 2016 as against Rs 72.65 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales73.9072.65 2 OPM %69.7868.33 - PBDT16.6128.79 -42 PBT10.2323.10 -56 NP10.5923.06 -54

Powered by Capital Market - Live News

Indiabulls Real Estate consolidated net profit declines 13.70% in the December 2016 quarter
Jan 25,2017

Net profit of Indiabulls Real Estate declined 13.70% to Rs 58.58 crore in the quarter ended December 2016 as against Rs 67.88 crore during the previous quarter ended December 2015. Sales declined 58.84% to Rs 291.21 crore in the quarter ended December 2016 as against Rs 707.44 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales291.21707.44 -59 OPM %9.9734.37 - PBDT81.53147.33 -45 PBT63.37129.95 -51 NP58.5867.88 -14

Powered by Capital Market - Live News