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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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Board of Sundaram Finance appoints director
Nov 25,2016

Sundaram Finance announced that at the Board Meeting held on 25 November 2016, Rajiv C. Lochan has been appointed as an Independent Director on the Board.

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Board of Tide Water Oil Co (I) declares 1st interim dividend
Nov 25,2016

Tide Water Oil Co (I) announced that the Board of Directors, at its meeting held on 25 November 2016:

1. Declared 1st Interim Dividend of 1000% (Rs. 50) per ordinary share for the year 2016-17.

2. Subject to approval of the shareholders, extended term of appointment of R.N. Ghosal, Managing Director till the close of business on 28 February 2019.

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Steel Strips Wheels gains after winning order
Nov 25,2016

The announcement was made during trading hours today, 25 November 2016.

Meanwhile, the BSE Sensex was up 427.07 points, or 1.65%, to 26,287.24.

On BSE, so far 7,725 shares were traded in the counter, compared with average daily volume of 10,177 shares in the past one quarter. The stock hit a high of Rs 546.25 and a low of Rs 511 so far during the day. The stock hit a record high of Rs 775 on 14 October 2016. The stock hit a 52-week low of Rs 284 on 17 February 2016. The stock had underperformed the market over the past 30 days till 24 November 2016, falling 24.16% compared with the 7.10% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 10.41% as against Sensexs 6.92% decline.

The small-cap company has equity capital of Rs 15.53 crore. Face value per share is Rs 10.

Steel Strips Wheels (SSWL) said the total order is for supplying approximately 20,000 wheels. Orders will be executed from SSWLs Chennai plant with shipments starting from December 2016. This is a repeat order from the export customer.

The company has also bagged an order to supply wheels to BMW India. The total order size is 18,000 wheels and the order will start for mass supplies from March 2017 from the companys Chennai facility.

This order marks strong competence of SSWL in both export and high end segments of the market. SSWL is expecting to receive additional orders for the Caravan wheels from other European Union (EU) customers in coming weeks.

Net profit of SSWL rose 19.9% to Rs 18.02 crore on 2.8% decline in net sales to Rs 290.95 crore in Q2 September 2016 over Q2 September 2015.

SSWL designs and manufactures automotive steel wheels and is among the leading supplier to Indian and global automobile manufacturers.

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Karuturi Global reports standalone net loss of Rs 3.89 crore in the September 2016 quarter
Nov 25,2016

Net Loss of Karuturi Global reported to Rs 3.89 crore in the quarter ended September 2016 as against net loss of Rs 5.28 crore during the previous quarter ended September 2015. Sales declined 28.26% to Rs 2.64 crore in the quarter ended September 2016 as against Rs 3.68 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.643.68 -28 OPM %-11.361.63 - PBDT-2.66-5.19 49 PBT-2.94-5.35 45 NP-3.89-5.28 26

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Bata India standalone net profit declines 36.37% in the September 2016 quarter
Nov 25,2016

Net profit of Bata India declined 36.37% to Rs 34.59 crore in the quarter ended September 2016 as against Rs 54.36 crore during the previous quarter ended September 2015. Sales rose 1.55% to Rs 583.43 crore in the quarter ended September 2016 as against Rs 574.53 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales583.43574.53 2 OPM %9.178.37 - PBDT66.3157.22 16 PBT50.3538.02 32 NP34.5954.36 -36

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Opto Circuits (India) reports consolidated net loss of Rs 258.72 crore in the September 2016 quarter
Nov 25,2016

Net loss of Opto Circuits (India) reported to Rs 258.72 crore in the quarter ended September 2016 as against net profit of Rs 62.14 crore during the previous quarter ended September 2015. Sales declined 40.24% to Rs 46.67 crore in the quarter ended September 2016 as against Rs 78.10 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales46.6778.10 -40 OPM %-361.1740.19 - PBDT-176.6531.70 PL PBT-181.7224.33 PL NP-258.7262.14 PL

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Opto Circuits (India) reports standalone net loss of Rs 247.48 crore in the September 2016 quarter
Nov 25,2016

Net Loss of Opto Circuits (India) reported to Rs 247.48 crore in the quarter ended September 2016 as against net loss of Rs 4.20 crore during the previous quarter ended September 2015. Sales declined 29.30% to Rs 14.38 crore in the quarter ended September 2016 as against Rs 20.34 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales14.3820.34 -29 OPM %-1155.6351.97 - PBDT-168.56-1.58 -10568 PBT-170.86-3.94 -4237 NP-247.48-4.20 -5792

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Flex Foods standalone net profit declines 0.83% in the September 2016 quarter
Nov 25,2016

Net profit of Flex Foods declined 0.83% to Rs 1.19 crore in the quarter ended September 2016 as against Rs 1.20 crore during the previous quarter ended September 2015. Sales rose 9.57% to Rs 20.72 crore in the quarter ended September 2016 as against Rs 18.91 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales20.7218.91 10 OPM %16.2617.50 - PBDT2.643.03 -13 PBT1.422.00 -29 NP1.191.20 -1

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Escorts Finance reports standalone net loss of Rs 0.02 crore in the September 2016 quarter
Nov 25,2016

Net loss of Escorts Finance reported to Rs 0.02 crore in the quarter ended September 2016 as against net profit of Rs 0.24 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 and during the previous quarter ended September 2015.

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Jindal Poly Films consolidated net profit declines 22.83% in the September 2016 quarter
Nov 25,2016

Net profit of Jindal Poly Films declined 22.83% to Rs 77.10 crore in the quarter ended September 2016 as against Rs 99.91 crore during the previous quarter ended September 2015. Sales declined 0.05% to Rs 1842.13 crore in the quarter ended September 2016 as against Rs 1842.99 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1842.131842.99 0 OPM %8.8613.28 - PBDT172.32217.48 -21 PBT103.83154.05 -33 NP77.1099.91 -23

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Aegis Logistics consolidated net profit rises 1.32% in the September 2016 quarter
Nov 25,2016

Net profit of Aegis Logistics rose 1.32% to Rs 26.96 crore in the quarter ended September 2016 as against Rs 26.61 crore during the previous quarter ended September 2015. Sales rose 36.57% to Rs 675.34 crore in the quarter ended September 2016 as against Rs 494.49 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales675.34494.49 37 OPM %7.029.35 - PBDT44.6744.03 1 PBT38.5038.22 1 NP26.9626.61 1

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M3 Global Finance reports standalone nil net profit/loss in the September 2016 quarter
Nov 25,2016

M3 Global Finance reported no net profit/loss in the quarter ended September 2016 and during the previous quarter ended September 2015. Sales remain constant at Rs 0.02 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.020.02 0 OPM %00 - PBDT00 0 PBT00 0 NP00 0

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Jindal Poly Films standalone net profit declines 4.72% in the September 2016 quarter
Nov 25,2016

Net profit of Jindal Poly Films declined 4.72% to Rs 40.14 crore in the quarter ended September 2016 as against Rs 42.13 crore during the previous quarter ended September 2015. Sales declined 5.12% to Rs 617.74 crore in the quarter ended September 2016 as against Rs 651.07 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales617.74651.07 -5 OPM %8.4212.64 - PBDT67.5977.56 -13 PBT49.1463.83 -23 NP40.1442.13 -5

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Sinnar Bidi Udyog reports consolidated net loss of Rs 0.01 crore in the September 2016 quarter
Nov 25,2016

Net loss of Sinnar Bidi Udyog reported to Rs 0.01 crore in the quarter ended September 2016 as against net profit of Rs 0.20 crore during the previous quarter ended September 2015. Sales declined 22.14% to Rs 2.11 crore in the quarter ended September 2016 as against Rs 2.71 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.112.71 -22 OPM %4.7413.28 - PBDT-0.010.23 PL PBT-0.020.22 PL NP-0.010.20 PL

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Suven Life Sciences standalone net profit rises 5.23% in the September 2016 quarter
Nov 25,2016

Net profit of Suven Life Sciences rose 5.23% to Rs 26.56 crore in the quarter ended September 2016 as against Rs 25.24 crore during the previous quarter ended September 2015. Sales declined 1.18% to Rs 115.55 crore in the quarter ended September 2016 as against Rs 116.93 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales115.55116.93 -1 OPM %31.9226.70 - PBDT42.4035.73 19 PBT37.8531.23 21 NP26.5625.24 5

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