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

Indiabulls Housing Finance drops after reducing home loan rates
Jan 04,2017

The announcement was made after market hours yesterday, 3 January 2017.

Meanwhile, the S&P BSE Sensex was down 15.34 points or 0.06% at 26,629.51.

On the BSE, 79,085 shares were traded in the counter so far as against average daily volume of 1.18 lakh shares in the past one quarter. The stock had hit a high of Rs 667.80 and a low of Rs 652.30 so far during the day. The stock had hit a record high of Rs 895 on 20 October 2016. The stock had hit a 52-week low of Rs 551 on 24 February 2016.

The stock had underperformed the market over the past one month till 3 January 2017, falling 9.99% compared with the 1.57% rise in the Sensex. The scrip had also underperformed the market in past one quarter, declining 22.5% as against Sensexs 5.67% decline.

The large-cap company has equity capital of Rs 84.75 crore. Face value per share is Rs 2.

Indiabulls Housing Finance said that the home loan rate for upto Rs 75 lakh loan will be 8.7%, for Rs 75 lakh to Rs 3 crore it will be 8.75% and for Rs 3 crore to Rs 5 crore the rate stands at 8.85%. The home loan rates for women will be 5 basis points lower in the above categories of home loans.

Gagan Banga, Vice chairman and Managing Director, Indiabulls Housing Finance said home loan rates are now at their lowest in six years and tremendously improves buyers, affordability. The cut in rotes, the recently announced enhancement in Prime Ministers Awas Yojana subsidies and tax deductions against home loan repayments, make the EMI cheque smaller than the rent cheque for buyers of affordable houses for the first time in more thon a decade, he added.

Indiabulls Housing Finances consolidated net profit rose 23.2% to Rs 684.31 crore on 28% growth in net sales to Rs 2874.95 crore in Q2 September 2016 over Q2 September 2015.

Indiabulls Housing Finance is a housing finance company. The company also provides other loans, such as loan against residential properties for home improvement and to small businesses, commercial vehicle loans, and corporate loans for housing projects.

Powered by Capital Market - Live News

Cabinet approves Agreement between India and Uruguay regarding Cooperation and Mutual Assistance in Customs Matters
Jan 04,2017

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved signing and ratifying an Agreement between India and Uruguay regarding Cooperation and Mutual Assistance in Customs Matters.

The Agreement will help in the availability of relevant information for the prevention and investigation of Customs offences. The Agreement is also expected to facilitate trade and ensure efficient clearance of goods traded between the countries.

The draft Agreement takes care of Indian Customs concerns and requirements, particularly in the area of exchange of information on the correctness of the Customs value declared, the authenticity of certificates of origin of goods and the description of the goods traded between the two countries.

Background:

Uruguay is an important trading partner of India among members of the MERCOSUR, a trading block in Latin America. India signed a Preferential Trade Agreement (PTA) with the MERCOSUR which came into effect from 1st June, 2009. Trade between India and the Uruguay has been expanding gradually. The Agreement would provide a legal framework for sharing of information and intelligence between the Customs authorities of the two countries and help in the proper application of Customs laws, prevention and investigation of Customs offences and the facilitation of legitimate trade. The draft text of the proposed Agreement has been finalized with the concurrence of the two Customs Administrations.

Powered by Capital Market - Live News

Punjab Alkalies & Chemicals announces change in directorate
Jan 04,2017

Punjab Alkalies & Chemicals announced about the following changes in the Companys Directorate:

1. Appointment of Moneesh Kumar, PCS, as Managing Director of the Company by the Board in its meeting held on 02 January 2017, due to his nomination by Punjab State Industrial Development Corporation as Director under the provisions of Article 129(a) of the Articles of Association of the Company, in place of Amit Dhaka, IAS with effect from 02 January 2017.

2. Cessation of Amit Dhaka, IAS as Director & Managing Director on the Board of Directors of the Company with effect from January 02, 2017 consequent upon his resignation dated 02 January 2017 due to withdrawal of his nomination by Punjab State Industrial Development Corporation Limited under the provisions of Article 129(a) of the Articles of Association of the Company w.e.f. 02 January 2017.

Powered by Capital Market - Live News

Investment & Precision Castings to announce Q3 & 9M results
Jan 04,2017

Investment & Precision Castings announced that a meeting of Board of Directors of the Company will be held on 24 January 2017 for taking on record Unaudited Financial Results for the October-December 2016 Quarter (Q3) and nine months ended on 31 December 2016.

Powered by Capital Market - Live News

Muthoot Capital Services to consider December quarter results
Jan 04,2017

Muthoot Capital Services announced that a meeting of the Board of Directors of the Company will be held on 18 January 2017, inter alia, to consider and take on record the unaudited financial results for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

Ishan Dyes & Chemicals to hold EGM
Jan 04,2017

Ishan Dyes & Chemicals announced the Extra Ordinary General Meeting (EGM) of the Company will be held on 30 January 2017.

Powered by Capital Market - Live News

Sudarshan Chemical Industries commissions 8.24 MW capacity COGEN plant
Jan 04,2017

Sudarshan Chemical Industries has commissioned the COGEN plant of 8.24 MW capacity at its Roha site. It will make the company self reliant towards power and steam generation, for future expansion of production lines.

Powered by Capital Market - Live News

Cabinet approves land transfer from Delhi Development Authority for Second Diplomatic Enclave
Jan 04,2017

The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved the transfer of 34.87 Ha land in Sector 24, Dwarka, New Delhi from Delhi Development Authority to Land and Development Office (L&DO) for the purpose of the Second Diplomatic Enclave.

Currently, there is one Diplomatic Enclave in Chanakyapuri, where land has been allotted to the Embassies by L&DO. MEA has expressed need for more land for allotment to Diplomatic Missions/ International Organizations for building their Chanceries/ Embassies in Delhi. For this DDA has earmarked 34.87 Ha land in Sector 24, Dwarka, which will be transferred to L&DO. This will provide land for Second Diplomatic Enclave in the capital.

Powered by Capital Market - Live News

Cabinet approves transfer of 34.87 Ha land in Sector 24, Dwarka, New Delhi from Delhi Development Authority to L&DO
Jan 04,2017

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved the transfer of 34.87 Ha land in Sector 24, Dwarka, New Delhi from Delhi Development Authority to Land and Development Office (L&DO) for the purpose of the Second Diplomatic Enclave.

Currently, there is one Diplomatic Enclave in Chanakyapuri, where land has been allotted to the Embassies by L&DO. MEA has expressed need for more land for allotment to Diplomatic Missions/ International Organizations for building their Chanceries/ Embassies in Delhi. For this DDA has earmarked 34.87 Ha land in Sector 24, Dwarka, which will be transferred to L&DO. This will provide land for Second Diplomatic Enclave in the capital.

Powered by Capital Market - Live News

Board of Jolly Merchandise to appoints MD and company secretary
Jan 04,2017

Jolly Merchandise announced that the meeting of the Board of Directors of the Company will be held on 10 January 2017 to transact the following business:

1. To appoint Dhanesh Shah as a Company Secretary of the Company.

2. To appoint Nilesh Khatri as a Managing Director of the Company.

Powered by Capital Market - Live News

Just Dial declines on reports of brokerage sell call
Jan 04,2017

Meanwhile, the S&P BSE Sensex was down 13.72 points or 0.05% at 26,629.52.

On the BSE, 78,000 shares were traded on the counter so far as against the average daily volumes of 1.37 lakh shares in the past one quarter. The stock had hit a high of Rs 350.50 and a low of Rs 342.20 so far during the day.

The stock had hit a 52-week high of Rs 903 on 20 April 2016 and a record low of Rs 318.20 on 27 December 2016. It had underperformed the market over the past one month till 3 January 2017, sliding 6.48% compared with the Sensexs 1.57% rise. The scrip had also underperformed the market over the past one quarter declining 19.95% as against the Sensexs 5.67% fall.

The small-cap company has equity capital of Rs 70.57 crore. Face value per share is Rs 10.

The brokerage reportedly said that valuation of Just Dial looks good but future of the company looks uncertain. Risk-reward doesnt look attractive at this stage, it said.

Just Dials net profit fell 26.8% to Rs 29.62 crore on 10% growth in net sales to Rs 180.32 crore in Q2 September 2016 over Q2 September 2015.

Just Dial is a leading local search engine in India.

Powered by Capital Market - Live News

Board of Jolly Merchandise to appoint MD and company secretary
Jan 04,2017

Jolly Merchandise announced that the meeting of the Board of Directors of the Company will be held on 10 January 2017 to transact the following business:

1. To appoint Dhanesh Shah as a Company Secretary of the Company.

2. To appoint Nilesh Khatri as a Managing Director of the Company.

Powered by Capital Market - Live News

Godrej Properties advances after getting overwhelming response for residential project
Jan 04,2017

The announcement was made before market hours today, 4 January 2017.

Meanwhile, the S&P BSE Sensex was up 38.97 points, or 0.15%, to 26,682.21.

On the BSE, so far 5,411 shares were traded in the counter, compared with average daily volumes of 32,049 shares in the past one quarter. The stock had hit a high of Rs 331.50 and a low of Rs 323 so far during the day. The stock had hit a 52-week high of Rs 386 on 9 August 2016. The stock had hit a 52-week low of Rs 266.40 on 29 February 2016.

The stock had outperformed the market over the past one month till 3 January 2017, gaining 6.83% compared with the 1.57% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, declining 8.79% as against Sensexs 5.67% decline.

The mid-cap company has equity capital of Rs 108.18 crore. Face value per share is Rs 5.

Godrej Properties said that it has seen an overwhelming customer response to its project Godrej Greens, which was launched shortly after the governments demonetisation announcement in early November.

The company announced that it has sold over 300 apartments within two months of launch of its project Godrej Greens in Pune. This represents more than 75% of the 400 apartments that were opened for sale, making this one of the most successful recent residential launches.

On a consolidated basis, net profit of Godrej Properties declined 77.4% to Rs 23.48 crore on 76.6% decline in net sales to Rs 305.60 crore in Q2 September 2016 over Q2 September 2015.

Godrej Properties is a real estate developer.

Powered by Capital Market - Live News

Ramco Systems to partner with Panasonic Group of Companies in Malaysia
Jan 04,2017

Ramco Systems announced that the Panasonic Group of Companies in Malaysia has signed a multi-million-dollar strategic deal with Ramco Systems Sdn. Bhd. Malaysia part of Ramco Systems to digitize and transform HR and Payroll operations for nearly 20,000 employees nationwide on a unified platform.

Panasonic Group of companies in Malaysia, part of the leading Japanese electronics manufacturer, said employees in 21 entities using multiple systems currently will now be powered by integrated Ramco HR software giving a seamless HR experience, group-wide.

Ramco Systems award-winning Human Capital Management (HCM) solution will integrate with multiple Enterprise Applications and Finance systems in individual companies for statutory and payroll requirements.

Powered by Capital Market - Live News

Engineers India announces cessation of director
Jan 04,2017

Engineers India announced that Ashwani Soni, Director (Projects) ceased to be the Director (Projects) of the Company w.e.f. 01 January 2017 on attaining the age of superannuation on 31 December 2016.

Powered by Capital Market - Live News