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

Extol Commercials reports standalone nil net profit/loss in the September 2016 quarter
Nov 19,2016

Extol Commercials reported no net profit/loss in the quarter ended September 2016 and 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.

Powered by Capital Market - Live News

Gujarat Gas standalone net profit rises 158.85% in the September 2016 quarter
Nov 19,2016

Net profit of Gujarat Gas rose 158.85% to Rs 71.83 crore in the quarter ended September 2016 as against Rs 27.75 crore during the previous quarter ended September 2015. Sales declined 21.39% to Rs 1227.14 crore in the quarter ended September 2016 as against Rs 1560.96 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1227.141560.96 -21 OPM %17.359.41 - PBDT164.06101.64 61 PBT99.5443.34 130 NP71.8327.75 159

Powered by Capital Market - Live News

Zenith Capitals reports standalone net loss of Rs 0.02 crore in the September 2016 quarter
Nov 19,2016

Net loss of Zenith Capitals reported to Rs 0.02 crore in the quarter ended September 2016 as against net profit of Rs 0.18 crore during the previous quarter ended September 2015. Sales declined 42.86% to Rs 0.04 crore in the quarter ended September 2016 as against Rs 0.07 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.040.07 -43 OPM %-50.0057.14 - PBDT-0.020.18 PL PBT-0.020.18 PL NP-0.020.18 PL

Powered by Capital Market - Live News

Mini Diamonds (India) standalone net profit rises 200.00% in the September 2016 quarter
Nov 19,2016

Net profit of Mini Diamonds (India) rose 200.00% to Rs 0.15 crore in the quarter ended September 2016 as against Rs 0.05 crore during the previous quarter ended September 2015. Sales rose 58.58% to Rs 32.35 crore in the quarter ended September 2016 as against Rs 20.40 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales32.3520.40 59 OPM %1.391.37 - PBDT0.180.07 157 PBT0.150.05 200 NP0.150.05 200

Powered by Capital Market - Live News

Sarda Energy & Minerals standalone net profit rises 250.28% in the September 2016 quarter
Nov 19,2016

Net profit of Sarda Energy & Minerals rose 250.28% to Rs 12.54 crore in the quarter ended September 2016 as against Rs 3.58 crore during the previous quarter ended September 2015. Sales declined 2.66% to Rs 253.00 crore in the quarter ended September 2016 as against Rs 259.91 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales253.00259.91 -3 OPM %11.6811.00 - PBDT31.8319.50 63 PBT20.066.63 203 NP12.543.58 250

Powered by Capital Market - Live News

NBCC (India) consolidated net profit rises 1.42% in the September 2016 quarter
Nov 19,2016

Net profit of NBCC (India) rose 1.42% to Rs 69.11 crore in the quarter ended September 2016 as against Rs 68.14 crore during the previous quarter ended September 2015. Sales rose 15.75% to Rs 1224.41 crore in the quarter ended September 2016 as against Rs 1057.83 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1224.411057.83 16 OPM %6.146.23 - PBDT97.1593.57 4 PBT96.5493.06 4 NP69.1168.14 1

Powered by Capital Market - Live News

Alps Motor Finance reports standalone nil net profit/loss in the September 2016 quarter
Nov 19,2016

Alps Motor Finance reported no net profit/loss in the quarter ended September 2016 as against net profit of Rs 0.01 crore during the previous quarter ended September 2015. Sales rose 47.62% to Rs 0.31 crore in the quarter ended September 2016 as against Rs 0.21 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.310.21 48 OPM %04.76 - PBDT00.01 -100 PBT00.01 -100 NP00.01 -100

Powered by Capital Market - Live News

Mindvision Capital reports standalone nil net profit/loss in the September 2016 quarter
Nov 19,2016

Mindvision Capital reported no net profit/loss in the quarter ended September 2016 as against net profit of Rs 0.01 crore during the previous quarter ended September 2015. Sales rose 11.76% to Rs 0.19 crore in the quarter ended September 2016 as against Rs 0.17 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.190.17 12 OPM %05.88 - PBDT00.01 -100 PBT00.01 -100 NP00.01 -100

Powered by Capital Market - Live News

State Bank of Hyderabad reports standalone net loss of Rs 776.64 crore in the September 2016 quarter
Nov 19,2016

Net loss of State Bank of Hyderabad reported to Rs 776.64 crore in the quarter ended September 2016 as against net profit of Rs 375.31 crore during the previous quarter ended September 2015. Total Operating Income declined 3.63% to Rs 3485.69 crore in the quarter ended September 2016 as against Rs 3616.80 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Total Operating Income3485.693616.80 -4 OPM %23.8375.38 - PBDT-973.76565.18 PL PBT-973.76565.18 PL NP-776.64375.31 PL

Powered by Capital Market - Live News

Cromakem reports standalone nil net profit/loss in the September 2016 quarter
Nov 19,2016

Cromakem reported no net profit/loss in the quarter ended September 2016 and during the previous quarter ended September 2015. Sales declined 8.70% to Rs 0.21 crore in the quarter ended September 2016 as against Rs 0.23 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.210.23 -9 OPM %00 - PBDT00 0 PBT00 0 NP00 0

Powered by Capital Market - Live News

Rashtriya Chemicals & Fertilizers standalone net profit declines 4.80% in the September 2016 quarter
Nov 19,2016

Net profit of Rashtriya Chemicals & Fertilizers declined 4.80% to Rs 43.42 crore in the quarter ended September 2016 as against Rs 45.61 crore during the previous quarter ended September 2015. Sales declined 26.31% to Rs 1768.95 crore in the quarter ended September 2016 as against Rs 2400.37 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1768.952400.37 -26 OPM %5.664.80 - PBDT103.56113.79 -9 PBT67.4180.38 -16 NP43.4245.61 -5

Powered by Capital Market - Live News

GRUH Finance allots equity shares
Nov 19,2016

GRUH Finance announced that the Company has on 19 November 2016, allotted 12,890 equity shares of Rs. 2/- each pursuant to exercise of stock options by employees.

Post the above allotment, the paid-up equity share capital of the Company would stand at Rs. 72,78,43,736 consisting 36,39,21,868 equity shares of Rs. 2 each.

Powered by Capital Market - Live News

JNPT Handles Highest Crude Oil at Its Liquid Cargo Terminal
Nov 19,2016

Jawaharlal Nehru Port Trust (JNPT), Indias number one container port, created a major record on November 16, 2016, by loading 80,640 MT of ONGC crude oil on a large vessel MT Desh Bhakta, which was berthed at LB-01 of BPCL-run Liquid Cargo Terminal. This is the highest quantity of crude oil loaded on a vessel at JNPT which has surpassed the previous highest of 80,489 MT loaded on Tanker vessel MT Ratna Urvi in June 2012.

ONGCs crude oil tanker MT Desh Bhakta, which measures LoA of 244.2 meters, arrived at JN Port on November 14, 2016 for loading of crude oil from Mumbai High region to sail ahead for MRPL refinery at New Mangalore through coastal movement with a sailing draught of 12.6 meters. JNPT started operations at 13:54 hrs on 14th November2016 for loading of the crude oil and completed it by 09:12hrs on 16th November 2016. JNPT gave topmost priority to MT Desh Bhakta operations in order to give ease to ONGCs concern of having high stock situation, and carried out quick operations to tide over the issue.

Powered by Capital Market - Live News

The percentage of savings in the savings schemes in Post Office as on 31 March 2016 is 14.84% of the deposits in the savings schemes of PSBs
Nov 19,2016

Interest rates on bank deposits are not uniform and vary from bank to bank. Hence, a one-on-one comparison of interest rates may not be possible.

The interest rates on term deposits are deregulated and they are determined by the banks themselves as per their Board approved policies. In contrast interest rates on Small Savings Schemes are administered interest rates linked to G-Sec rate of comparable maturity.

The percentage of savings in the savings schemes in Post Office as on 31 March 2016 is 14.84% of the deposits in the savings schemes of PSBs.

The Government has taken various steps to popularise all the existing schemes by carrying out publicity through print and electronic/Audio Visual media on an all India basis. Jan Dhan Yojana is a scheme of the Government to encourage deposits in banks and promote savings.

Powered by Capital Market - Live News

HDFC assigns loans of Unitech Group to JM Financial Asset Management Company
Nov 19,2016

Housing Development Finance Corporation has assigned outstanding loans in construction projects of Unitech Group to JM Financial Asset Management Company. Against total dues of Rs 869 crore in respect of these projects, the ARC has paid HDFC Rs 155 crore upfront and has issued Security Receipts to HDFC amounting to Rs 705 crore which will be redeemable over the period of construction.

After considering the provisions already made by HDFC to the tune of Rs 240 crore (34% of the Security Receipts) in respect of the above accounts, the net carrying value of the SRs will be Rs 465 crore.

Powered by Capital Market - Live News