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

Simbhaoli Sugars reports standalone net loss of Rs 21.36 crore in the September 2016 quarter
Nov 21,2016

Net Loss of Simbhaoli Sugars reported to Rs 21.36 crore in the quarter ended September 2016 as against net loss of Rs 35.61 crore during the previous quarter ended September 2015. Sales rose 11.81% to Rs 118.30 crore in the quarter ended September 2016 as against Rs 105.80 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales118.30105.80 12 OPM %17.830.93 - PBDT-9.65-23.20 58 PBT-21.36-35.61 40 NP-21.36-35.61 40

Powered by Capital Market - Live News

Ventura Guaranty reports standalone net loss of Rs 0.02 crore in the September 2016 quarter
Nov 21,2016

Net Loss of Ventura Guaranty reported to Rs 0.02 crore in the quarter ended September 2016 as against net loss of Rs 0.01 crore during the previous quarter ended September 2015. Sales reported to Rs 0.01 crore in the quarter ended September 2016. There were no Sales reported during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.010 0 OPM %-200.000 - PBDT-0.02-0.01 -100 PBT-0.02-0.01 -100 NP-0.02-0.01 -100

Powered by Capital Market - Live News

York Exports standalone net profit rises 18.18% in the September 2016 quarter
Nov 21,2016

Net profit of York Exports rose 18.18% to Rs 0.13 crore in the quarter ended September 2016 as against Rs 0.11 crore during the previous quarter ended September 2015. Sales rose 1.97% to Rs 4.65 crore in the quarter ended September 2016 as against Rs 4.56 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales4.654.56 2 OPM %9.257.46 - PBDT0.250.21 19 PBT0.140.11 27 NP0.130.11 18

Powered by Capital Market - Live News

Vimta Labs standalone net profit declines 17.74% in the September 2016 quarter
Nov 21,2016

Net profit of Vimta Labs declined 17.74% to Rs 2.04 crore in the quarter ended September 2016 as against Rs 2.48 crore during the previous quarter ended September 2015. Sales rose 9.63% to Rs 37.24 crore in the quarter ended September 2016 as against Rs 33.97 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales37.2433.97 10 OPM %15.9218.96 - PBDT5.626.98 -19 PBT3.264.24 -23 NP2.042.48 -18

Powered by Capital Market - Live News

Bazel International announces resignation of company secretary
Nov 21,2016

Bazel International announced Priyanka Poonia has resigned from the post of Company Secretary of the Company with immediate effect.

Powered by Capital Market - Live News

G E Shipping sails smoothly after sale and delivery of support vessel
Nov 21,2016

The announcement was made after market hours on Friday, 18 November 2016.

Meanwhile, the BSE Sensex was down 362.42 points, or 1.39%, to 25,787.82

On BSE, so far 11,100 shares were traded in the counter, compared with an average volume of 30,482 shares in the past one quarter. The stock hit a high of Rs 363.40 and a low of Rs 351 so far during the day. The stock hit a 52-week high of Rs 400 on 19 November 2015. The stock hit a 52-week low of Rs 275 on 2 March 2016.

The mid-cap company has an equity capital of Rs 150.78 crore. Face value per share is Rs 10.

Great Eastern Shipping Company said that Greatship Global Offshore Services, a Singapore incorporated subsidiary of Greatship (India) (GIL), which is a wholly-owned subsidiary of the company, has sold and delivered its 2013.-built ROV Support Vessel (ROVSV) Greatship Ragini to the buyers. With the delivery of this vessel to the buyers, GIL and its subsidiaries currently own and operate five Platform Supply Vessels (PSVs), eight Anchor Handling Tug Supply Vessels (AHTSVs), two Multipurpose Platform Supply and Support Vessels (MPSSVs), five R-class supply vessels and four jack-up rigs, Great Eastern Shipping Company said.

On a consolidated basis, G E Shippings net profit fell 23.99% to Rs 268.75 crore on 21.12% decline in net sales to Rs 794.51 crore in Q2 September 2016 over Q2 September 2015.

G E Shipping has two main business: shipping and offshore. The shipping business is involved in transportation of crude oil, petroleum products, gas and dry bulk commodities. The offshore business services to the oil companies in carrying out offshore exploration and production activities, through its subsidiary Greatship (India).

Powered by Capital Market - Live News

Crompton Greaves reschedules board meeting to consider September quarter results
Nov 21,2016

Crompton Greaves announced that the Board Meeting which was earlier scheduled to be held on 12 December 2016 shall be now held on 07 December 2016 to approve and take on record, amongst other businesses, the Unaudited Financial Results and Segment-Wise Financial Report of the Company both on Stand - alone as well as Consolidated basis, for the quarter and half year ended September 30, 2016.

Powered by Capital Market - Live News

V2 Retail provides operations update
Nov 21,2016

V2 Retail has launched one operational retail store at Vasant Vihar, New Delhi and closed its store located at Karol Baug, New Delhi. With this, the company has 31 stores currently in operation.

Powered by Capital Market - Live News

Reliance Infrastructure EPC Division secures EPC orders worth Rs 3675 crore
Nov 21,2016

Reliance Infrastructure EPC Division has won a prestigious EPC order for Rs.3,675 crore (Rs.2,302 crore plus USD 205 million) from NLC India (formerly known as Neyveli Lignite Corporation Limited) for setting up two nos. of Lignite based CFBC Thermal Power Projects of capacity 250 MW each, in Barsingsar and Bithnok of Bikaner District, Rajasthan, India.

Powered by Capital Market - Live News

Agenda for board meeting of Valecha Engineering
Nov 21,2016

Valecha Engineering announced that the meeting of Board of Directors to be held on 28 November 2016 will also consider and approve a draft scheme of compromise and arrangement proposed to be entered into with the fixed deposit holders, subject to approval of the shareholders at the ensuing Annual General Meeting and the fixed deposit holders at the court convened meeting under Section 391 - 394 of the Companies Act, 1956

Powered by Capital Market - Live News

Anik Industries reschedules board meeting to consider September quarter results
Nov 21,2016

Anik Industries announced that a meeting of the Board of Directors of the Company which was scheduled to be held on 19 November 2016 to consider and approve the Unaudited financial results of the Company for the quarter and half year ended 30 September 2016 has been cancelled due to lack of quorum.

Now, Notice is hereby given that a meeting of the Board of Directors of the Company is scheduled to be held on 28 November 2016, inter alia, to consider and approve the Unaudited Financial Results of the Company for the quarter and half year ended on 30 September 2016.

Powered by Capital Market - Live News

Marico allots equity shares
Nov 21,2016

Marico announced that the Securities Issue Committee of the Board of Directors of the Company has vide a circular resolution passed on 21 November 2016, approved allotment of 1 lac equity shares of face value of Re. 1 each under the existing Marico Employee Stock Option Scheme, 2014.

Consequent to the aforesaid allotment, the paid up share capital of the Company has increased from 129,01,71,198 equity shares of Re. 1 each aggregating Rs. 129,01,71,198 to 129,02,71,198 equity shares of Re. 1 each aggregating Rs. 129,02,71,198.

Powered by Capital Market - Live News

Dr. Lal PathLabs hits record high
Nov 21,2016

The announcement was made during market hours today, 21 November 2016.

Meanwhile, the S&P BSE Sensex was down 389.78 points or 1.49% at 25,760.46.

On BSE, so far 33,000 shares were traded in the counter as against average daily volume of 11,000 shares in the past two weeks. The stock hit a high of Rs 1,278.55 so far during the day, which is a record high for the counter. The stock hit a low of Rs 1,175 so far during the day. The stock had hit a record low of Rs 696.50 on 20 January 2016.

Dr. Lal PathLabs said it expects to complete the acquisition of Delta Ria & Pathology (DRPPL) by 31 March 2017. The company had in May 2016, announced the acquisition of DRPPL.

Dr. Lal PathLabs consolidated net profit jumped 748.3% to Rs 52.51 crore on 21.52% growth in total income from operations to Rs 262.17 crore in Q2 September 2016 over Q2 September 2015.

Dr. Lal PathLabs is a provider of diagnostics and related healthcare tests and services in India. Customers include individual patients, companies and institutions, healthcare providers as well as hospital and clinical labs.

Powered by Capital Market - Live News

Shalimar Paints tumbles after intimating about fire at Nasik plant
Nov 21,2016

The announcement was made during market hours today, 21 November 2016.

Meanwhile, the S&P BSE Sensex was down 359.83 points or 1.38% at 25,790.41

On BSE, so far 24,250 shares were traded in the counter as against average daily volume of 56,436 shares in the past one quarter. The stock hit a high of Rs 140 and a low of Rs 123.40 so far during the day. The stock hit a record high of Rs 223.60 on 23 August 2016. The stock hit a 52-week low of Rs 88.70 on 12 February 2016.

The small-cap company has equity capital of Rs 3.79 crore. Face value per share is Rs 2.

Shalimar Paints said that there has been no loss or injury to human life. The company is in the process of ascertaining the actual loss caused by the fire and also is in process of informing the same to the insurance company, Shalimar Paints said. The company is taking adequate steps to ensure re-functioning of the plant at the earliest, it said.

Shalimar Paints net profit rose 95.97% to Rs 2.43 crore on 0.11% increase in total income to Rs 103.15 crore in Q2 September 2016 over Q2 September 2015.

Shalimar Paints is Indias iconic paint-maker. Established in 1902, the countrys first paint company is a pioneer in the field of paints and coatings.

Powered by Capital Market - Live News

Outcome of board meeting of Lakshmi Energy & Foods
Nov 21,2016

Lakshmi Energy & Foods announced that the Board of Directors of the company at its meeting held on 21 November 2016 transacted the following -

Take on record acquisition of balance 25% stake holding in its subsidiary - Lakshmi Green Power for Rs 25 lakh.

Approved the hiving off of the Companys Power Division (Energy Business) generating green energy on slump sale basis, as a going concern to wholly owned subsidiary, Lakshmi Green Power at a consideration of Rs 117.18 crore in the form of allotment of equity shares of Lakshmi Green Power to the Company.

Powered by Capital Market - Live News