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

Amforge Industries to hold board meeting
Oct 25,2016

Amforge Industries will hold a meeting of the Board of Directors of the Company on 11 November 2016 to consider and take on record the Un-audited Financial Results of the Company for the quarter ended on September 30, 2016.

Powered by Capital Market - Live News

Jyothy Laboratories allots equity shares
Oct 25,2016

Jyothy Laboratories announced that the ESOP Allotment Committee of Board of Directors of the Company at its meeting held on October 25, 2016 has issued and allotted 35,266 (Thirty Five Thousand Two Hundred Sixty Six) Equity Shares of face value of Re.1/- each of the Company under n++Jyothy Laboratories Employees Stock Options Scheme 2014 (ESOS 2014) to the eligible employees of the Company.

Powered by Capital Market - Live News

Nestle India launches Nescage Ready-to-Drink
Oct 25,2016

Nestle India has recently launched Nescafe Ready-to-Drink. These beverages are available in three flavours - Chilled Latte, Hazelnut and Intense Cafn++. Priced at Rs 30 for 180 ml tetra packs, Nescafe delivers the cold coffee experience in easy to carry packs.

Powered by Capital Market - Live News

Dhunseri Tea & Industries gets reaffirmation in credit ratings for bank facilities
Oct 25,2016

Dhunseri Tea & Industries announced that the Credit Analysis & Research (CARE) has since reviewed the long term bank facilities - fund based facility of Rs.67 crore and non-fund based facility of 58.11 crore availed by the Company and reaffirmed the credit rating of CARE A+ (Single A plus) to the Company.

Powered by Capital Market - Live News

Thrust on Increasing Productivity of Oilseeds and Pulses to meet the Nations requirement: Shri Radha Mohan Singh
Oct 25,2016

The Union Agriculture and Farmers Welfare Minister Shri Radha Mohan Singh outlined the thrust of the Agriculture Ministry for increasing the productivity of oilseeds and pulses to achieve self sufficiency. Addressing the Members of the Consultative Committee attached to the Ministry of Agriculture this morning, Shri Radha Mohan Singh said that Indian Council of Agricultural Research and the Ministry of Agriculture and Farmers Welfare will jointly work on a two-pronged approach of productivity enhancement and increasing production through area expansion for meeting the shortage of pulses.

As regards oilseeds the Minister said that the Indian Council of Agricultural Research (ICAR) is having research programmes for nine annual oilseeds crops at four commodity based research institutes. The Minister pointed out that there has been a technological breakthrough in oilseeds and a number of climate resilient high yielding varieties/hybrids of oilseeds has been notified for cultivation and increasing the productivity. He was confident that by adopting the already available technologies yield of nine oilseeds crops could be increased.

Shri Radha Mohan Singh informed the Members that India has a number of oil yielding species of plant origin which include the nine annuals, two perennials (oil palm and coconut) and some minor oil bearing species of forest and tree origin.

Among the nine annual oilseed crops, groundnut, rapeseed-mustard, soybean, sunflower, sesame, Niger and safflower are used for edible purpose and castor and linseed are the non-edible vegetable oil.

Soybean contributes largest (36%) to the total oilseed production followed by groundnut, rapeseed- mustard, castor, sesame, sunflower, linseed, safflower and Niger. India is the largest producer of castor and dominates in global castor oil trade. The growth rate of edible oil consumption has increased at 4.3% while the annual oilseeds production increased at about 2.2%, thus necessitating the import of edible oils. The country has to import more than 50% of edible oil. Last year edible oils to the tune of Rs 69,717 crores were imported to meet the domestic demand.

To meet the annual consumption of vegetable oil in the country by 2020 and 2025 (which is expected to reach 16.43 kg. and 16.98 kg per capita) it has been estimated that oilseed production to the tune of 86.84 and 93.32 Mts would be required by 2020 and 2025 respectively.

The Minister said that in order to make country self sufficient in vegetable oil, the productivity enhancement programme for oilseeds may also require institutional and policy support in a campaign mode besides technological support from ICAR.

As regards pulses the Minister said that ICAR is engaged in development of high yielding varieties/hybrids and associated crop production and protection technologies of various pulse crops through coordination with Indian Institute of Pulse Research, Kanpur and participation of the State Agricultural Universities, State Departments of Agriculture and other Institutes. Technological breakthrough in pulses in terms of notification of high yielding and pest/disease tolerant crop varieties/hybrids has been achieved.

At the farmers fields, the frontline demonstrations (FLDs) on pulses recorded productivity gap of 15% due to non-adoption of improved variety of pulses and up to 34% due to non-adoption of the whole package of technology. It is estimated that by bridging this whole package productivity gap of 34% at the farmers fields, the national pulses production can be increased from 17.62 mt (average of triennium ending 2015-16) to 23.61 mt without bringing any additional area under them and that would be enough to make the country self-sufficient in pulses for the time being. The Minister said that it is proposed to cover 500 kvks through field demonstration for increasing pulses cultivation from the earlier 400 Kvks. The Minister also said that 100 seed hubs have been sanctioned for breeder seeds.

The Minister said that in order to reach self-sufficiency by the year 2025 productivity per hectare needs to be enhanced to about 1000 kg per hectare. A road map to achieve production of 20 mt pulses in 2016-17, 21 mt in 2017-18 and 24 mt in 2020-21 as against 16.47 mt production in 2015-16 has been envisaged with a comprehensive action plan under centrally sponsored scheme of National Food Security Mission (NFSM).

It may be recalled that pulses production registered a remarkable increase from 14.76 million tons (mt) in 2007-08 to a record level of 19.25 mt in 2013-14. This could be possible due to a cumulative effect of scientific interventions in the form of development of new varieties & technologies, good weather conditions and policy support. However during the last two years, there was a decline in production, mainly due to climate adversities. In 2014-15, the production was recorded at 17.15 mt while during 2015-16 it was 16.47 million tons, well short of the current domestic requirement of about 22 mt., as a result, 5.80 mt of pulses worth Rs. 18000. crores were imported during 2015-16. Intervening in the discussion the Minister explained that the para-meters for drought relief under National Disaster Relief Fund have been changed but it is for the States to send a memorandum for seeking drought reliefs. The minister also emphasized the need for greater mechanization in harvesting of pulses and oilseeds to prevent harvest loss.

Members cutting across party lines complimented the Minister for the new thrust on farmers welfare and the steps being taken by the NDA government to increase agricultural production especially in pulses and oilseeds.

Powered by Capital Market - Live News

Rane Brake Lining standalone net profit rises 152.70% in the September 2016 quarter
Oct 25,2016

Net profit of Rane Brake Lining rose 152.70% to Rs 9.83 crore in the quarter ended September 2016 as against Rs 3.89 crore during the previous quarter ended September 2015. Sales rose 3.22% to Rs 112.74 crore in the quarter ended September 2016 as against Rs 109.22 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales112.74109.22 3 OPM %13.389.91 - PBDT16.6410.16 64 PBT11.845.41 119 NP9.833.89 153

Powered by Capital Market - Live News

Adani Ports & Special Economic Zone standalone net profit declines 13.48% in the September 2016 quarter
Oct 25,2016

Net profit of Adani Ports & Special Economic Zone declined 13.48% to Rs 916.67 crore in the quarter ended September 2016 as against Rs 1059.51 crore during the previous quarter ended September 2015. Sales declined 16.97% to Rs 1277.92 crore in the quarter ended September 2016 as against Rs 1539.07 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1277.921539.07 -17 OPM %77.4978.53 - PBDT1068.571211.83 -12 PBT935.261079.80 -13 NP916.671059.51 -13

Powered by Capital Market - Live News

Rosekamal Textiles reports standalone net loss of Rs 0.01 crore in the September 2016 quarter
Oct 25,2016

Net Loss of Rosekamal Textiles reported to Rs 0.01 crore in the quarter ended September 2016 as against net loss of Rs 0.01 crore during the previous quarter ended September 2015. Sales reported to Rs 0.02 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. Sales0.020 0 OPM %-50.000 - PBDT-0.01-0.01 0 PBT-0.01-0.01 0 NP-0.01-0.01 0

Powered by Capital Market - Live News

Shriram Transport Finance Company standalone net profit rises 14.66% in the September 2016 quarter
Oct 25,2016

Net profit of Shriram Transport Finance Company rose 14.66% to Rs 387.65 crore in the quarter ended September 2016 as against Rs 338.10 crore during the previous quarter ended September 2015. Sales rose 11.95% to Rs 2713.20 crore in the quarter ended September 2016 as against Rs 2423.53 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2713.202423.53 12 OPM %71.2671.07 - PBDT602.70523.40 15 PBT593.97514.24 16 NP387.65338.10 15

Powered by Capital Market - Live News

Visaka Industries standalone net profit rises 1026.92% in the September 2016 quarter
Oct 25,2016

Net profit of Visaka Industries rose 1026.92% to Rs 8.79 crore in the quarter ended September 2016 as against Rs 0.78 crore during the previous quarter ended September 2015. Sales rose 3.02% to Rs 195.31 crore in the quarter ended September 2016 as against Rs 189.58 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales195.31189.58 3 OPM %13.538.03 - PBDT23.5010.96 114 PBT15.401.43 977 NP8.790.78 1027

Powered by Capital Market - Live News

Alembic Pharmaceuticals standalone net profit declines 54.88% in the September 2016 quarter
Oct 25,2016

Net profit of Alembic Pharmaceuticals declined 54.88% to Rs 113.83 crore in the quarter ended September 2016 as against Rs 252.27 crore during the previous quarter ended September 2015. Sales declined 9.63% to Rs 828.83 crore in the quarter ended September 2016 as against Rs 917.12 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales828.83917.12 -10 OPM %20.1437.03 - PBDT166.90339.17 -51 PBT146.64325.92 -55 NP113.83252.27 -55

Powered by Capital Market - Live News

Radhe Developers (India) reports standalone net profit of Rs 0.04 crore in the September 2016 quarter
Oct 25,2016

Net profit of Radhe Developers (India) reported to Rs 0.04 crore in the quarter ended September 2016 as against net loss of Rs 0.22 crore during the previous quarter ended September 2015. Sales rose 31.52% to Rs 1.21 crore in the quarter ended September 2016 as against Rs 0.92 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.210.92 32 OPM %14.88-18.48 - PBDT0.18-0.15 LP PBT0.10-0.22 LP NP0.04-0.22 LP

Powered by Capital Market - Live News

IDBI Bank standalone net profit declines 53.54% in the September 2016 quarter
Oct 25,2016

Net profit of IDBI Bank declined 53.54% to Rs 55.52 crore in the quarter ended September 2016 as against Rs 119.50 crore during the previous quarter ended September 2015. Total Operating Income declined 1.09% to Rs 6992.80 crore in the quarter ended September 2016 as against Rs 7069.86 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Total Operating Income6992.807069.86 -1 OPM %59.8268.51 - PBDT190.55229.50 -17 PBT190.55229.50 -17 NP55.52119.50 -54

Powered by Capital Market - Live News

VTM standalone net profit rises 51.99% in the September 2016 quarter
Oct 25,2016

Net profit of VTM rose 51.99% to Rs 5.35 crore in the quarter ended September 2016 as against Rs 3.52 crore during the previous quarter ended September 2015. Sales declined 10.92% to Rs 32.31 crore in the quarter ended September 2016 as against Rs 36.27 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales32.3136.27 -11 OPM %11.2013.70 - PBDT7.785.44 43 PBT5.994.15 44 NP5.353.52 52

Powered by Capital Market - Live News

Alembic Pharmaceuticals consolidated net profit declines 58.47% in the September 2016 quarter
Oct 25,2016

Net profit of Alembic Pharmaceuticals declined 58.47% to Rs 119.83 crore in the quarter ended September 2016 as against Rs 288.51 crore during the previous quarter ended September 2015. Sales declined 13.13% to Rs 871.56 crore in the quarter ended September 2016 as against Rs 1003.34 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales871.561003.34 -13 OPM %20.4037.45 - PBDT177.31375.08 -53 PBT156.69361.81 -57 NP119.83288.51 -58

Powered by Capital Market - Live News