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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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Interlink Petroleum reports standalone net profit of Rs 0.81 crore in the September 2016 quarter
Nov 18,2016

Net profit of Interlink Petroleum reported to Rs 0.81 crore in the quarter ended September 2016 as against net loss of Rs 2.43 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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Premier Synthetics reports standalone net profit of Rs 0.02 crore in the September 2016 quarter
Nov 18,2016

Net profit of Premier Synthetics remain constant at Rs 0.02 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015. Sales declined 9.90% to Rs 2.82 crore in the quarter ended September 2016 as against Rs 3.13 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.823.13 -10 OPM %22.7022.04 - PBDT0.630.72 -13 PBT0.020.02 0 NP0.020.02 0

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3M India standalone net profit rises 1.26% in the September 2016 quarter
Nov 18,2016

Net profit of 3M India rose 1.26% to Rs 48.21 crore in the quarter ended September 2016 as against Rs 47.61 crore during the previous quarter ended September 2015. Sales rose 8.10% to Rs 565.50 crore in the quarter ended September 2016 as against Rs 523.15 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales565.50523.15 8 OPM %13.3016.18 - PBDT86.0687.87 -2 PBT74.2675.79 -2 NP48.2147.61 1

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J B Chemicals & Pharmaceuticals standalone net profit rises 7.24% in the September 2016 quarter
Nov 18,2016

Net profit of J B Chemicals & Pharmaceuticals rose 7.24% to Rs 45.20 crore in the quarter ended September 2016 as against Rs 42.15 crore during the previous quarter ended September 2015. Sales rose 2.66% to Rs 288.19 crore in the quarter ended September 2016 as against Rs 280.71 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales288.19280.71 3 OPM %20.8717.85 - PBDT72.7763.09 15 PBT61.5953.05 16 NP45.2042.15 7

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JSL Industries standalone net profit rises 33.33% in the September 2016 quarter
Nov 18,2016

Net profit of JSL Industries rose 33.33% to Rs 0.08 crore in the quarter ended September 2016 as against Rs 0.06 crore during the previous quarter ended September 2015. Sales declined 0.84% to Rs 10.63 crore in the quarter ended September 2016 as against Rs 10.72 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales10.6310.72 -1 OPM %7.067.28 - PBDT0.520.48 8 PBT0.110.08 38 NP0.080.06 33

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Effingo Textile & Trading standalone net profit rises 50.00% in the September 2016 quarter
Nov 18,2016

Net profit of Effingo Textile & Trading rose 50.00% to Rs 0.03 crore in the quarter ended September 2016 as against Rs 0.02 crore during the previous quarter ended September 2015. Sales rose 23.89% to Rs 2.80 crore in the quarter ended September 2016 as against Rs 2.26 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.802.26 24 OPM %1.431.77 - PBDT0.040.04 0 PBT0.040.04 0 NP0.030.02 50

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Incon Engineers reports standalone net loss of Rs 0.09 crore in the September 2016 quarter
Nov 18,2016

Net Loss of Incon Engineers reported to Rs 0.09 crore in the quarter ended September 2016 as against net loss of Rs 0.04 crore during the previous quarter ended September 2015. Sales declined 57.14% to Rs 0.03 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. Sales0.030.07 -57 OPM %-333.33-71.43 - PBDT-0.08-0.03 -167 PBT-0.09-0.04 -125 NP-0.09-0.04 -125

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Infibeam Incorporation consolidated net profit rises 122.84% in the September 2016 quarter
Nov 18,2016

Net profit of Infibeam Incorporation rose 122.84% to Rs 8.00 crore in the quarter ended September 2016 as against Rs 3.59 crore during the previous quarter ended September 2015. Sales rose 31.43% to Rs 114.37 crore in the quarter ended September 2016 as against Rs 87.02 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales114.3787.02 31 OPM %14.657.56 - PBDT18.717.40 153 PBT13.643.28 316 NP8.003.59 123

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Government of India is implementing yield based PMFBY
Nov 18,2016

Government of India is implementing yield based Pradhan Mantri Fasal Bima Yojana (PMFBY) which has replaced the National Agricultural Insurance Scheme (NAIS) & Modified National Agricultural Insurance Scheme (MNAIS), from Kharif 2016 season. Comprehensive risk insurance is provided under PMFBY to cover yield loss due to non-preventable risks viz. natural fire and lightening; Storm, Hailstorm, Cyclone, Typhoon, Tempest, Hurricane, Tornado etc.; Flood, Inundation and Landslide; Drought, Dry Spells; Pests/ Diseases etc. On the other hand, Weather Based Crop Insurance Scheme (WBCIS) provides insurance protection to the farmers against adverse weather incidence, such as deficit and excess rainfall, high or low temperature, humidity etc. which are deemed to impact adversely the crop production.

Crop insurance is a financial tool to insure the crop losses on payment of admissible premium to the insurance company. Further, under the crop insurance schemes, claims are paid to those farmers who insure their crops and pay premium under any of the notified crop/area, notified by the concerned State Govt. Admissible claims are worked out and paid as per the provisions of the respective schemes and not on any other basis like by the representation from the State Govt., team sent by the Government of India, declaration of drought/flood etc. by the State/Central Govt.

Financial assistance is also provided to farmers as per guidelines on the items and norms of assistance from State Disaster Response Fund (SDRF)/ National Disaster Response Fund (NDRF) dated 8th April, 2015 of Ministry of Home Affairs, where assistance is admissible for crop loss of 33% and above due to notified natural calamities viz. Avalanches, Cyclone, Cloud burst, Drought, Earthquake/Tsunami, Fire, Flood, Hailstorm, Landslides, Pest attack, Frost and Cold wave. The norms of relief under SDRF/NDRF are Rs. 6800/- per ha for rainfed areas, Rs.13500/-per ha for assured irrigated areas and Rs.18000/-per ha for all types of perennial crops. Assistance under SDRF/NDRF provided is for immediate relief and not by way of compensation for the loss suffered.

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K P R Mill fixes record date for sub-division of equity shares
Nov 18,2016

K P R Mill announced that the Committee, constituted by the Board of Directors of the Company for Sub-division of Equity shares, at its meeting held on 16 November 2016 has fixed 30 November 2016 as the Record Date for determining the Members of the Company who are entitled for the subdivided equity shares of the Face Value of Rs. 5/- each.

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Alembic Pharmaceuticals gets ANDA approval for Telmisartan and Amlodipine Tablets
Nov 18,2016

Alembic Pharmaceuticals has received approval for its abbreviated new drug application (ANDA) for Telmisartan and Amlodipine Tablets, 40mg/5mg, 40mg/10mg, 80mg/5mg and 80mg/10mg from the United States Food and Drug Administration. The tablets are indicated for the treatment of hypertension, alone or with antihypertensive agents to reduce blood pressure.

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Emami adjudged Winner of Golden Peacock Innovation Management Award
Nov 18,2016

Emami has been adjudged as the Winner of Golden Peacock Innovation Management Award for the year 2016, by the Awards Jury under the Chairmanship of Justice M.N. Venkatachaliah, former Chief Justice, Supreme Court of India.

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Foreign tourist arrivals surge 10.4% in October 2016
Nov 18,2016

The Foreign Tourist Arrivals (FTAs) during the Month of October 2016 were 7.54 lakh as compared to FTAs of 6.83 lakh during the month of October 2015 and 6.68 lakh in October 2014. There has been a growth of 10.4% in October 2016 over October 2015.

FTAs during the period January- October 2016 were 69.62 lakh with a growth of 10.5% as compared to the FTAs of 62.98 lakh with a growth of 4.5% in January- October 2015 over January- October 2014.

The Percentage share of Foreign Tourist Arrivals (FTAs) in India during October 2016 among the top 15 source countries was highest from Bangladesh (16.67%) followed by USA (12.83%), UK (11.03%), Canada (3.73%), Australia (3.50%), Sri Lanka (3.45%), Germany (3.38%), Russian Fed (3.20%), France (2.91%), China (2.70%), Malaysia (2.65%), Nepal (2.16%), Japan (2.12%), Singapore (1.54%) and Thailand (1.44%).

The Percentage share of Foreign Tourist Arrivals (FTAs) in India during October 2016 among the top 15 ports was highest at Delhi Airport (34.06%) followed by Mumbai Airport (15.69%), Haridaspur Land check post (9.22%), Chennai Airport (7.19%), Bengaluru Airport (5.50%), Kolkata Airport (4.10%), Hyderabad Airport (3.01%), Goa (2.90%), Cochin Airport (2.72%), Ahmadabad Airport (2.14%), Gede Rail (1.86%), Amritsar Airport (1.71%), Trivandrum Airport (1.28%), Ghojadanga land check post (1.16%) and Gaya Airport (1.03%).

The Foreign Exchange Earnings (FEEs) from Tourism during the month of October 2016 were Rs 12303 crore as compared to Rs 10549 crore in October 2015 and Rs 10041 crore in October 2014.

The growth rate in FEEs in rupee terms during October 2016 over October 2015 was 16.6% as compared to the growth of 5.1% in October 2015 over October 2014.

FEEs from tourism in rupee terms during January- October 2016 were Rs 124371 crore with a growth of 14.7% as compared to the FEE of Rs 108392 crore with a growth of 9.6% during January- October 2015 over January- October 2014.

FEEs in US$ terms during the month of October 2016 were US$ 1.843 billion as compared to FEEs of US$ 1.621 billion during the month of October 2015 and US$ 1.636 billion in October 2014.

The growth rate in FEEs in US$ terms in October 2016 over October 2015 was 13.7% compared to the negative growth of 0.9% in October 2015 over October 2014.

FEE from tourism in US$ terms during January- October 2016 were US$ 18.530 billion with a growth of 8.8% as compared to the US$ 17.033 billion with a growth 4.4% during January-October 2015 over January-October 2014.

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PTL Enterprises provides update on scheme of demerger
Nov 18,2016

PTL Enterprises announced that the petition under section 391 to 394 of the Companies Act 1956 for the scheme of demerger of Medicare and Healthcare Undertaking of PTL Enterprises into Artemis Global Life Sciences (formerly known as PTL Projects ) pursuant to scheme of arrangement (Petition) is fixed for hearing before the Honble High Court of Kerala on 16 December 2016.

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Housing Development & Infrastructure announces resignation of director
Nov 18,2016

Housing Development & Infrastructure announced that Ashok Kumar Gupta, Independent Director of the Company has informed that, due to his personal commitments he would like to step down from the office of the Directorship of the Company. Furhter the Company informed that, his resignation has been accepted.

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