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

Zee Learn vaults after reporting strong Q3 results
Jan 12,2017

The result was announced during market hours today, 12 January 2017.

Meanwhile, the BSE Sensex was up 110.33 points, or 0.41%, to 27,250.74.

High volumes were witnessed on the counter. On the BSE, 4.08 lakh shares were traded in the counter so far compared with average daily volume of 66,111 shares in the past one quarter. The stock had hit a high of Rs 49.30 so far during the day, which is a 52-week high for the stock. The stock hit a low of Rs 45 so far during the day. The stock had hit a 52-week low of Rs 26.50 on 24 June 2016.

The small-cap company has an equity capital of Rs 32.06 crore. Face value per share is Re 1.

A part of Essel Group, Zee Learn is one of the leading companies in the education sector.

Powered by Capital Market - Live News

NHPC hits 52-week high after declaring hefty interim dividend
Jan 12,2017

The announcement was made during market hours today, 12 January 2017.

Meanwhile, the S&P BSE Sensex was up 87.81 points, or 0.32%, to 27,228.22

The stock surged on high volumes. On the BSE, 80.58 lakh shares were traded in the counter so far, compared with an average volume of 6.69 lakh shares in the past one quarter. The stock hit a high of Rs 30.60 in intraday trade so far, which is 52-week high for the counter. The stock had hit a low of Rs 27.50 so far during the day. The stock hit a 52-week low of Rs 18.60 on 20 January 2016.

The stock had underperformed the market over the past 30 days till 11 January 2017, rising 1.48% compared with 1.66% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 7.24% as against Sensexs 1.82% fall.

The large-cap company has equity capital of Rs 11070.67 crore. Face value per share is Rs 10.

The stock offers a dividend yield of 6.2% based on its closing price of Rs 27.40 on the BSE yesterday, 11 January 2017.

NHPCs net profit rose 27.89% to Rs 1554.66 crore on 19.44% growth in total income to Rs 3389.67 crore in Q2 September 2016 over Q2 September 2015.

NHPC was incorporated in the year 1975 with an objective to plan, promote and organise an integrated and efficient development of hydroelectric power in all aspects. Later on, NHPC expanded its objects to include development of power in all its aspects through conventional and non-conventional sources in India and abroad.

Government of India (GoI) currently holds 74.6% stake in NHPC (as per the shareholding pattern as on 30 September 2016).

Powered by Capital Market - Live News

Orient Paper & Industries provides update on proposed rights issue
Jan 12,2017

Orient Paper & Industries announced that the Rights Issue Committee at its meeting held on 12 January 2017, has finalized the following with respect to the proposed issue -

Issue opening date - 25 January 2017
Last date of receipt of split application forms - 02 February 2017
Issue closing date - 09 February 2017

Powered by Capital Market - Live News

Board of Nikki Global Finance to consider December quarter results
Jan 12,2017

Nikki Global Finance announced that a Meeting of the Board of Directors of the Company will be held on 07 February 2017, inter alia, to consider & approve the un-audited financial results for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

Board of Lead Financial Services to consider Q3 and 9M results
Jan 12,2017

Lead Financial Services announced that the meeting of Board of Directors of the Company will be held on 11 February 2017, to consider and take on record unaudited financial results of the Company for the quarter and nine months ended on 31 December 2016.

Powered by Capital Market - Live News

Board of Trinetra Cement to consider December quarter results
Jan 12,2017

Trinetra Cement announced that a meetings of the Audit Committee and Board of Directors of the Company will be held on 27 January 2017, to consider unaudited financial results (subjected to a limited review by the statutory auditors of the Company) for the quarter and nine months ended 31 December 2016.

Powered by Capital Market - Live News

Excel Crop Care to consider Q3 and 9M results
Jan 12,2017

Excel Crop Care announced that a meeting of the Board of Directors of the Company is scheduled to be held on 02 February 2017, inter alia, to consider the Standalone Unaudited Financial Results of the Company for the quarter and nine months ended 31 December 2016.

Powered by Capital Market - Live News

Ind-Ra: Aurobindo Pharmas Acquisition of Portugal-Based Firms Unlikely to Impact Ratings
Jan 12,2017

India Ratings and Research (Ind-Ra) does not expect Aurobindo Pharmas (APL; IND AA+/Stable) INR9.7 billion acquisition of Generis Farmaceutica S.A. (Generis) and its subsidiaries in Portugal to impact its ratings.

The acquisition is likely to be funded largely through long-term debt and cash. Ind-Ra expects APLs net adjusted debt to increase to the extent of the cost of acquisition. However, the agency expects the companys net adjusted leverage to remain below the negative guideline level of 1.5x after the completion of the acquisition. APL registered strong operating cash flow at INR16.6 billion for FY16 and had INR7.03 billion in free cash at end-September 2016. Moreover, the EBITDA-accretive nature of the transaction will support net leverage. APLs net adjusted leverage stood at about 0.9x at end-September 2016 (FY16: 1.3x; FY15: 1.6x).

The acquisition provides APL an additional platform to sell its generic products in Portugal. As a part of the acquisition, APL will gain Generiss Europe-based large oral solid manufacturing facility. This would allow for the local manufacture of its wide product portfolio, especially to service orders when volumes are low or lead time is short, for sale in Portugal and other European countries. Such synergies are likely to yield additional profits from FY18. Generis registered an EBITDA margin of about 20% for 2015. The benefits of the acquisition are likely to accrue to the company gradually over the next three years.

Powered by Capital Market - Live News

Ashiana Agro Industries to announce Q3 and 9M results
Jan 12,2017

Ashiana Agro Industries announced that a Meeting of the Board of Directors of the Company will be held on 08 February 2017, to take on record the Unaudited Financial Results of the Company for the Quarter and nine months ended 31 December 2016.

Powered by Capital Market - Live News

NHPC leads gainers in A group
Jan 12,2017

NHPC jumped 8.94% to Rs 29.85 at 14:41 IST. The stock topped the gainers in the BSEs A group. On the BSE, 77.95 lakh shares were traded on the counter so far as against the average daily volumes of 2.80 lakh shares in the past two weeks.

AIA Engineering surged 8.46% to Rs 1,424.50. The stock was the second biggest gainer in A group. On the BSE, 19,000 shares were traded on the counter so far as against the average daily volumes of 1,068 lakh shares in the past two weeks.

SJVN gained 6.32% at Rs 31.95. The stock was the third biggest gainer in A group. On the BSE, 6.58 lakh shares were traded on the counter so far as against the average daily volumes of 33,000 shares in the past two weeks.

Tata Communications advanced 4.93% at Rs 667.70. The stock was the fourth biggest gainer in A group. On the BSE, 1.15 lakh shares were traded on the counter so far as against the average daily volumes of 33,000 shares in the past two weeks.

NTPC rose 4.9% to Rs 172.45. The stock was the fifth biggest gainer in A group. On the BSE, 8.55 lakh shares were traded on the counter so far as against the average daily volumes of 1.70 lakh shares in the past two weeks.

NTPC said that the company has signed a non-binding memorandum of understanding (MoU) with Rajasthan Rajya Vidyut Utpadan and Rajasthan Urja Vikas Nigam for take-over of Chhabra thermal power plant stage-I (4x 250 MW) and stage-II (2x660 MW) of Rajasthan Urja Vikas Nigam. The announcement was made during market hours today, 12 January 2017.

In a separate announcement made after market hours yesterday, 11 January 2017, NTPC said that the companys board of directors has accorded investment approval for Dulanga coal mining project having rated production capacity of 7 MTPA at an appraised estimated cost of Rs 1053.41 crore.

Powered by Capital Market - Live News

Bajaj Corp fixes record date for interim dividend
Jan 12,2017

Bajaj Corp has fixed 24 January 2017 as the Record Date for the purpose of payment of Interim Dividend.

Powered by Capital Market - Live News

Bajaj Corp to pay interim dividend
Jan 12,2017

Bajaj Corp announced that interim dividend of Rs 11.50 per share will be credited / dispatched to die Equity Shareholders of the Company from 01 February 2017 onwards.

Powered by Capital Market - Live News

Board of Bajaj Corp recommends interim dividend
Jan 12,2017

Bajaj Corp announced that the meeting of the Board of Directors of the Company held on 12 January 2017, inter alia, the Board of Directors have:

1. Recommended an Interim Dividend at the rate of 1150% i.e. Rs. 11.50 per share of Re. 1/- each of the Company.

2. The aforesaid dividend will be credited / dispatched to die Equity Shareholders of the Company from 01 February 2017 onwards.

3. Approved and adopted Business Responsibility Policy in compliance of Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulation, 2015.

Powered by Capital Market - Live News

IP Rings fixes record date for rights issue
Jan 12,2017

IP Rings has fixed 17 January 2017 as the Record Date for the purpose of Rights Issue.

Powered by Capital Market - Live News

Board of NHPC declares interim dividend for FY 2017
Jan 12,2017

NHPC announced that the Board of Directors of the Company in its meeting held on 12 January 2017 has declared an interim dividend @ 17% of the face value of Rs. 10 per share (Rs. 1.70 per equity share) on the paid up equity share capital of the Company for the financial year 2016-17. The dividend shall be paid/dispatched within the period as stipulated in Companies Act, 2013.

Powered by Capital Market - Live News