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

Labh Construction and Industries to hold board meeting
Oct 24,2016

Labh Construction and Industries will hold a meeting of the Board of Directors of the Company on 14 November 2016 Adoption of Unaudited Quartery Financial Results of the Company for the 2nd quarter ended on September 30, 2016.

Powered by Capital Market - Live News

Gartner Says Retailers Must Use Algorithms for Competitive Advantage
Oct 24,2016

In the new digital economy, retailers can best gain competitive advantage through the application of algorithms that reduce costs and grow top-line revenue, according to Gartner, Inc.

Kelsie Marian, principal research analyst at Gartner, said examples of algorithmic retail in action are emerging and yielding results for aggressive retailers.

Retailers are some of the original data hoarders, using years of store-level sales data for demand planning since the mid-1980s, but what we see today is vastly different, said Ms. Marian.

Data is ubiquitous in the new retail environment, and retailers will survive only if quality data is embedded into every decision, minute by minute, across the retail organisation. But retailers cant humanly scale to keep pace with growth of data, so a fundamentally different approach is necessary.

Gartner describes algorithmic retailing as the application of big data through advanced analytics across an increasingly complex and detailed retail structure, to deliver an efficient and flexible, yet unified, customer experience. Algorithms connect big data to results.

Gartner predicts that merchant leaders will be algorithms by 2020, prompting the top 10 retailers to cut up to one-third of headquarters merchandising staff.

According to Gartner, there are four main functions where algorithms can have a big impact in retail.

1) Cost of goods sold

Cost of goods sold is the largest cost of retail operations at 55-60 percent. Since it is driven by the selection, assortment, pricing, promotion and inventory levels of items listed for sale, it has the largest possible benefit from the application of algorithms. Algorithms can both reduce the cost basis and increase top-line revenue.

2) General and administrative

General and administrative is an overhead at 15-18 percent of the cost of retail operations. It typically covers headquarters activities such as finance, legal, HR, advertising and IT, as well as warehousing and distribution. Algorithms used here will significantly improve cost optimization.

3) Labor

Labor represents 13-16 percent of the cost of retail operations, but is rising sharply, and directly impacts the quality of the customers experience. Algorithms can support both cost optimization and customer service.

4) Stores

Stores will remain a major cost of retail operations and an integral part of the retail landscape. They provide a major source of competitive differentiation for multichannel retailers, with store services much of what employees provide to customers. Algorithms can help with pricing, inventory and improving the in-store customer experience.

Retail CIOs and their teams play a pivotal role in helping business leaders understand the benefits and limitations of algorithms, and how algorithms can support their business goals, said Ms. Marian.

Gartner advises retail sector CIOs to:

1) Identify and classify all data sources, and identify data gaps that must be filled.

2) Prepare for an explosion of Internet of Things (IoT) data generated by products, customers and stores.

3) Review examples of how other retailers are successfully using algorithms.

4) Develop a framework for identifying current and future opportunities to improve performance through automation by algorithms.

5) Ensure that smart data discovery technology is bringing big data discovery to the business user at the time of decision. This is a critical step on the path to process automation.

Powered by Capital Market - Live News

Patspin India to hold board meeting
Oct 24,2016

Patspin India will hold a meeting of the Board of Directors of the Company on 12 November 2016 to consider the Statement of Un-audited financial results for the quarter ended September 30, 2016.

Powered by Capital Market - Live News

Shelter Infra Projects to hold board meeting
Oct 24,2016

Shelter Infra Projects will hold a meeting of the Board of Directors of the Company on 14 November 2016 to consider and approve the unaudited financial results of the Company for the quarter ended September 30, 2016.

Powered by Capital Market - Live News

Cravatex to hold board meeting
Oct 24,2016

Cravatex will hold a meeting of the Board of Directors of the Company on 7 November 2016 to take on record the standalone Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2016.

Powered by Capital Market - Live News

Nahar Spinning Mills to hold board meeting
Oct 24,2016

Nahar Spinning Mills will hold a meeting of the Board of Directors of the Company on 11 November 2016 to consider and approve the un-audited Financial Results for the quarter and half year ended September 30, 2016.

Powered by Capital Market - Live News

Shreyans Industries to hold board meeting
Oct 24,2016

Shreyans Industries will hold a meeting of the Board of Directors of the Company on 8 November 2016 to consider the un-audited financial results for the quarter/half year ended September 30, 2016.

Powered by Capital Market - Live News

Gujarat Alkalies & Chemicals to hold board meeting
Oct 24,2016

Gujarat Alkalies & Chemicals will hold a meeting of the Board of Directors of the Company on 10 November 2016 for considering Quarterly Un-audited (Provisional) Financial Results for the Second Quarter and Half Year ended on September 30, 2016.

Powered by Capital Market - Live News

NESCO to hold board meeting
Oct 24,2016

NESCO will hold a meeting of the Board of Directors of the Company on 8 November 2016 Standalone Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2016.

Powered by Capital Market - Live News

Balrampur Chini Mills to hold board meeting
Oct 24,2016

Balrampur Chini Mills will hold a meeting of the Board of Directors of the Company on 15 November 2016 to consider and approve the Unaudited Financial Results for the Quarter and half-year ended September 30, 2016 (Q2).

Powered by Capital Market - Live News

PTL Enterprises to hold board meeting
Oct 24,2016

PTL Enterprises will hold a meeting of the Board of Directors of the Company on 7 November 2016 to consider and approve the standalone unaudited financial results of the Company for the quarter/half year ended September 30, 2016.

Powered by Capital Market - Live News

Huhtamaki PPL gains on plan to set up new unit in Assam
Oct 24,2016

The announcement was made during market hours today, 24 October 2016.

Meanwhile, the BSE Sensex was up 159.40 points, or 0.57%, to 28,236.58.

On BSE, so far 7,303 shares were traded in the counter, compared with average daily volume of 5,646 shares in the past one quarter. The stock hit a high of Rs 293.30 and a low of Rs 285.05 so far during the day. The stock hit a 52-week high of Rs 327 on 8 August 2016. The stock hit a 52-week low of Rs 176.90 on 12 February 2016. The stock had outperformed the market over the past 30 days till 21 October 2016, rising 5.59% compared with 2.42% decline in the Sensex. The scrip had, however, underperformed the market in past one quarter, sliding 2.73% as against Sensexs 0.99% rise.

The small-cap company has equity capital of Rs 14.54 crore. Face value per share is Rs 2.

Huhtamaki PPL (erstwhile The Paper Products) said that it is setting up a new flexible packaging manufacturing unit in Assam, which is likely to be commissioned during the first half of 2017, to better service its customers based in North East India.

The companys subsidiary, Webtech Labels, is setting up a new label manufacturing unit in Sikkim, to service its customers based in North East India and likely to be commissioned during the first half of 2017. Further, the main Label manufacturing unit of Webtech Labels, located at Mahape, Navi Mumbai, primarily catering to pharmaceutical companies will be relocated to a new facility in the Greater Mumbai Region by the end of 2017.

The combined value of these investments/modernisation is expected to be approximately Rs 65 crore.

On a consolidated basis, net profit of Huhtamaki PPL declined 8.33% to Rs 18.26 crore on 5.18% rise in net sales to Rs 566.49 crore in Q2 June 2016 over Q2 June 2015.

Huhtamaki PPL is Indias leading manufacturer of primary consumer packaging and labelling materials with annual consolidated Euro 300 million. It is the largest manufacturer in volume of finished flexible packaging in the larger Africa - India - Asia Pacific region excluding Japan.

Powered by Capital Market - Live News

Transcorp International standalone net profit declines 64.71% in the September 2016 quarter
Oct 24,2016

Net profit of Transcorp International declined 64.71% to Rs 0.24 crore in the quarter ended September 2016 as against Rs 0.68 crore during the previous quarter ended September 2015. Sales declined 40.82% to Rs 188.50 crore in the quarter ended September 2016 as against Rs 318.52 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales188.50318.52 -41 OPM %0.620.66 - PBDT0.601.29 -53 PBT0.331.02 -68 NP0.240.68 -65

Powered by Capital Market - Live News

Baid Leasing & Finance Co standalone net profit rises 66.18% in the September 2016 quarter
Oct 24,2016

Net profit of Baid Leasing & Finance Co rose 66.18% to Rs 1.13 crore in the quarter ended September 2016 as against Rs 0.68 crore during the previous quarter ended September 2015. Sales rose 70.88% to Rs 7.16 crore in the quarter ended September 2016 as against Rs 4.19 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales7.164.19 71 OPM %57.8260.38 - PBDT1.741.04 67 PBT1.711.00 71 NP1.130.68 66

Powered by Capital Market - Live News

Lee & Nee Software (Exports) standalone net profit declines 50.00% in the September 2016 quarter
Oct 24,2016

Net profit of Lee & Nee Software (Exports) declined 50.00% to Rs 0.01 crore in the quarter ended September 2016 as against Rs 0.02 crore during the previous quarter ended September 2015. Sales rose 38.46% to Rs 0.54 crore in the quarter ended September 2016 as against Rs 0.39 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.540.39 38 OPM %-7.412.56 - PBDT0.020.03 -33 PBT0.010.02 -50 NP0.010.02 -50

Powered by Capital Market - Live News