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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.

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Volumes jump at TAAL Enterprises counter
Jan 25,2017

TAAL Enterprises clocked volume of 8.17 lakh shares by 12:56 IST on BSE, a 477.96-times surge over two-week average daily volume of 2,000 shares. The stock rose 6.98% to Rs 202.95.

ISMT notched up volume of 1.40 crore shares, a 291.13-fold surge over two-week average daily volume of 48,000 shares. The stock rose 19.96% to Rs 12.86.

Texmaco Infrastructure & Holdings saw volume of 68.23 lakh shares, a 227.96-fold surge over two-week average daily volume of 30,000 shares. The stock rose 3.49% to Rs 48.90.

Whirlpool of India clocked volume of 1.84 lakh shares, a 110.15-fold surge over two-week average daily volume of 2,000 shares. The stock rose 2.51% to Rs 940.45.

Sona Koyo Steering Systems saw volume of 12.64 lakh shares, a 7.59-fold rise over two-week average daily volume of 1.67 lakh shares. The stock rose 12.53% to Rs 82.20.

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Board of Baba Arts to consider December quarter results
Jan 25,2017

Baba Arts announced that a meeting of the Board of Directors of the Company will be held on 06 February 2017, inter alia, to transact the following business:

- To consider and approve the Un-Audited Financial Results of the company for the Quarter and Nine Months Ended 31 December 2016.

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Board of Bhagwati Autocast to consider Q3 and 9M results
Jan 25,2017

Bhagwati Autocast announced that a Meeting of Board of Directors of the Company is scheduled to be held on 09 February 2017, to transact following businesses:

- To consider and to take on record the Un-Audited financial results for the quarter and nine months ended 31 December 2016.

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Board of Kallam Spinning Mills to consider Q3 and 9M results
Jan 25,2017

Kallam Spinning Mills announced that the Meeting of Board of Directors of the Company will be held on 11 February 2017, to consider the Un audited financial results for the quarter and Nine Months ended 31 December 2016.

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Board of Kiran Vyapar to consider December quarter results
Jan 25,2017

Kiran Vyapar announced that a meeting of the Board of Directors of the Company will be held on 11 February 2017, inter alia, to consider, approve and take on record the Unaudited Standalone and Consolidated Financial Results of the Company for the Quarter ended 31 December 2016.

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Board of India Radiators to consider December quarter results
Jan 25,2017

India Radiators announced that a Meeting of the Board of Directors of the Company will be held on 03 February 2017, inter alia, to consider and approve the unaudited financial results of the Company for the quarter ended 31 December 2016.

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Bharat Bijlee drops after weak Q3 results
Jan 25,2017

The result was announced after market hours yesterday, 24 January 2017.

Meanwhile, the S&P BSE Sensex was up 144.88 points or 0.53% at 27,520.46.

On the BSE, 7,481 shares were traded on the counter so far as against the average daily volumes of 5,487 shares in the past one quarter. The stock had hit a high of Rs 882.10 and a low of Rs 861.05 so far during the day.

The stock had hit a 52-week high of Rs 1,109.75 on 3 May 2016 and a 52-week low of Rs 660 on 29 February 2016. The stock had outperformed the market over the past one month till 24 January 2017, advancing 19.21% compared with the Sensexs 5.13% rise. The scrip had also outperformed the market over the past one quarter, gaining 11.68% as against the Sensexs 2.85% fall.

The small-cap company has equity capital of Rs 5.65 crore. Face value per share is Rs 10.

Bharat Bijlee is one of the leading electrical engineering companies in India. The companys main business segments are transformers, projects, electric motors, elevator systems and drives & automation.

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Whirlpool of India to consider Q3 and 9M results
Jan 25,2017

Whirlpool of India announced that a meeting of the Audit Committee and the Board of Directors of the Company is scheduled to be held on 03 February 2017, inter alia, to consider and approve the un-audited financial results for the quarter and nine months ended on 31 December 2016.

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Padam Cotton Yarns reports standalone nil net profit/loss in the December 2016 quarter
Jan 25,2017

Padam Cotton Yarns reported no net profit/loss in the quarter ended December 2016 and during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 and during the previous quarter ended December 2015.

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Biocon consolidated net profit rises 64.55% in the December 2016 quarter
Jan 25,2017

Net profit of Biocon rose 64.55% to Rs 171.30 crore in the quarter ended December 2016 as against Rs 104.10 crore during the previous quarter ended December 2015. Sales rose 29.59% to Rs 1022.50 crore in the quarter ended December 2016 as against Rs 789.00 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales1022.50789.00 30 OPM %27.0023.42 - PBDT314.70204.90 54 PBT244.40141.00 73 NP171.30104.10 65

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Gyan Developers & Builders reports standalone net loss of Rs 0.07 crore in the December 2016 quarter
Jan 25,2017

Net Loss of Gyan Developers & Builders reported to Rs 0.07 crore in the quarter ended December 2016 as against net loss of Rs 0.02 crore during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 as against Rs 0.13 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales00.13 -100 OPM %0-7.69 - PBDT-0.06-0.01 -500 PBT-0.07-0.02 -250 NP-0.07-0.02 -250

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Uniphos Enterprises reports standalone net loss of Rs 0.28 crore in the December 2016 quarter
Jan 25,2017

Net Loss of Uniphos Enterprises reported to Rs 0.28 crore in the quarter ended December 2016 as against net loss of Rs 0.31 crore during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 and during the previous quarter ended December 2015.

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Lancor Holdings to announce December quarter results
Jan 25,2017

Lancor Holdings announced that a meeting of the Board of Directors of the Company is scheduled to be held on 07 February 2017, inter alia, to consider and approve the standalone and consolidated unaudited financial results of the Company for the Quarter ended 31 December 2016.

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Mangalam Timber Products prepones board meeting to consider Q3 results
Jan 25,2017

Mangalam Timber Products announced that the meeting of the Board of Directors of the Company, which was scheduled to be held on 07 February 2017, inter alia, to consider the Unaudited Financial Results of the Company for the quarter and nine months ended 31 December 2016, has been preponed and is now scheduled to be held on 06 February 2017.

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GeeCee Ventures to announce December quarter results
Jan 25,2017

GeeCee Ventures announced that the meeting of the Board of Directors of the Company is scheduled to be held on 08 February 2017, inter alia, to consider and approve standalone unaudited financial results of the Company for the quarter ended 31 December 2016.

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