My Application Form Status

Check the status of your application form with Angel Broking.
Arq - The Hyper Intelligent Investment Engine By Angel Broking
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

Gokak Textiles gets revision in credit ratings
Apr 06,2017

Gokak Textiles announced that ICRA has revised the ratings of the Company.

Fund Based facilities including term loan (Rated on long term scale) - ICRA B+ (Stable)
Fund Based (Rated on short term scale) - ICRA A4

Powered by Capital Market - Live News

Huhtamaki PPL allots 28.10 lakh equity shares
Apr 06,2017

Huhtamaki PPL has allotted 28,10,000 Equity Shares of Face Value of Rs. 2/- each (fully paid) to the shareholders of erstwhile Webtech Labels in the ratio of 281 equity shares of Rs. 2/- each of the Company, for every 1 equity share of Face Value of Rs. 10/- each held by them in Webtech Labels, in pursuance of the Scheme of Arrangement/Amalgamation of Webtech Labels with the Company.

Consequent to the above allotment, the paid up equity share capital of the Company has increased from Rs. 14,54,23,868/- consisting of 7,27,11,934 equity shares of face value Rs. 2/- each to Rs. 15,10,43,868/-, consisting of 7,55,21,934 equity shares of face value Rs. 2/- each

Powered by Capital Market - Live News

Radaan Mediaworks (I) shifts registered office
Apr 06,2017

Radaan Mediaworks (I) has shifted the registered office from No.10 Paul Appasamy street, T.Nagar, Chennai - 600 017 to No.14 Jayammal Road, Teynampet, Chennai - 600018 with effect from 1 April 2017.

Powered by Capital Market - Live News

Gammon India gets NCLT approval for scheme of arrangement
Apr 06,2017

Gammon India announced that the National Company Law Tribunal, Mumbai Bench (NCLT) has at the hearing held on 30 March 2017, approved the Scheme of Arrangement between Gammon India (GIL or the Transferor Company) and Transrail Lighting (TLL or the Transferee Company) and their respective shareholders and creditors (the Scheme) for transfer of the Companys T&D Undertaking.

A certified true copy of the order is awaited from the NCLT. A copy of the said order will be filed with the Registrar of Companies (ROC) Mumbai, as soon as the same is received by the Company. The Scheme will come into effect upon filing of the copy of order with the ROC.

Powered by Capital Market - Live News

IIFL Holdings to hold EGM
Apr 06,2017

IIFL Holdings announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 11 May 2017 .

Powered by Capital Market - Live News

Tata Chemicals to hold EGM
Apr 06,2017

Tata Chemicals announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 8 May 2017 .

Powered by Capital Market - Live News

United Bank of India to hold EGM
Apr 06,2017

United Bank of India announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 28 April 2017 .

Powered by Capital Market - Live News

Board of Narendra Investments (Delhi) recommends final dividend
Apr 06,2017

Narendra Investments (Delhi) announced that the Board of Directors of the Company at its meeting held on 5 April 2017, inter alia, have recommended the final dividend of Rs 0.25 per equity Share (i.e. 2.5%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Cerebra Integrated Technologies to hold EGM
Apr 06,2017

Cerebra Integrated Technologies announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 28 April 2017 .

Powered by Capital Market - Live News

Steady reform progress fueling Indias growth pick up: ADB
Apr 06,2017

Indias fast growth will resume with gross domestic product (GDP) expanding by 7.4% in fiscal year (FY) 2018 and 7.6% in FY2019 supported by reform measures, says a new Asian Development Bank (ADB) report.

In its new Asia Development Outlook (ADO) 2017 report, ADB notes that the deceleration to 7.1% registered last year was due in part to slower investment growth. Also contributing to the moderation was the impact of the governments demonetization of high-value currency notes, though this effect is seen as largely temporary. ADO is ADBs flagship annual economic publication.

An array of important reforms has propelled Indias economic success in recent years, said Yasuyuki Sawada, ADBs Chief Economist. A continued commitment to reform n++ especially in the banking sector - will help India maintain its status as the worlds fastest growing major economy.

Indias growth in FY2017 was fueled by agriculture and government services. Industrial growth, however, slowed to 5.8% over the last 12 months from 8.2% in FY2016. Growth in services moderated to 7.9% due to slowdowns in finance and real estate. Net foreign direct investment (FDI) in the country remained strong at $36.7 billion in FY2017 following the governments efforts to simplify guidelines and allow FDI in key economic sectors.

Moving forward, the ADO expects growth to accelerate through increased consumption, as more new bank notes are put in circulation, and as planned salary and pension hike for state employees are implemented. The public sector will remain the main driver of investment as banks continue to wind down balance sheets constrained by high levels of stressed assets. Exports are forecast to grow by 6% in the coming year.

Inflation, meanwhile, is expected to accelerate to 5.2% in FY2018 and 5.4% in FY2019 as the global economy recovers and commodity prices rebound.

The assessment notes risks from higher oil prices as India imports nearly 80% of its fossil fuel needs. A rapid increase in the price of oil could undermine the countrys fiscal position, stoke inflation, and swell the current account deficit. The report estimates that a $1 increase in oil prices raises the import bill by nearly $2 billion. In FY2016, rising oil prices resulted in a 37.6% increase in Indias import bill. To mitigate Indias vulnerability to oil price swings, the government has proposed reducing dependence on imported oil by 10% over the next 5 years through more efficient domestic production and increased private investment into the sector.

ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, ADB is celebrating 50 years of development partnership in the region. It is owned by 67 members - 48 from the region.

Powered by Capital Market - Live News

Somany Ceramics issues Commercial Paper aggregating Rs 40 crore
Apr 06,2017

Somany Ceramics has issued commercial paper of Rs 40 crore dated 6 April 2017 having maturity on 20 June 2017.

Powered by Capital Market - Live News

FPIs continue buying
Apr 06,2017

Foreign portfolio investors (FPIs) bought stocks worth a net Rs 435.08 crore from the secondary equity markets on 5 April 2017, compared with net inflow of Rs 586.55 crore on 3 April 2017. On that day, the Sensex rose 64.02 points or 0.21% to settle at 29,974.24, its record closing high. The market had remained closed on 4 April 2017 on account of holiday.

The net inflow of Rs 435.08 crore on 5 April 2017 was a result of gross purchases of Rs 7833.74 crore and gross sales of Rs 7398.66 crore.

There was a net inflow of Rs 46.04 crore into the category primary market & others on 5 April 2017, which was a result of gross purchases of Rs 76.21 crore and gross sales of Rs 30.17 crore.

FPIs had bought stocks worth a net Rs 828.84 crore in April 2017 (till 5 April 2017). FPIs had bought stocks worth a net Rs 29480.37 crore in March 2017.

FPIs have purchased shares worth a net Rs 37316.31 crore from the secondary equity markets in calendar year 2017 (till 5 April 2017). They had purchased shares worth a net Rs 12094.42 crore from the secondary equity markets in calendar year 2016.

There was a net inflow of Rs 3726.25 crore from FPIs into the category primary market & others in April 2017 so far (till 5 April 2017). FPIs had bought stocks worth a net Rs 1425.63 crore from the category primary market & others in March 2017.

FPIs have purchased shares worth a net Rs 6870.36 crore from the category primary markets & others in calendar year 2017 so far (till 5 April 2017). The net inflow from FPIs in the category primary markets & others had totaled Rs 8471.76 crore in calendar year 2016.

Powered by Capital Market - Live News

Hong Kong Stocks down on weak global cues
Apr 06,2017

The Hong Kong stock market closed session down on Thursday, 06 April 2017, on tracking negative lead from Wall Street overnight amid concerns the Federal Reserve may seek to shrink its balance sheet. Investors were also on edge ahead of the first face-to-face meeting between Chinese President Xi Jinping and US President Donald Trump. Hong Kongs benchmark Hang Seng Index dropped 0.6 per cent to 24,261.5 , while the Hang Seng China Enterprises Index slipped 0.9 per cent to close at 24,261.5. Turnover decreased to HK$80.9 billion from HK$102.5 billion on Wednesday.

Powered by Capital Market - Live News

China Stocks gain to 4-month highs
Apr 06,2017

The Mainland China equity market advanced to hit 4-month highs on Thursday, 06 April 2017, as investors continued to chase stocks which could benefit from the governments launch of a massive new economic zone near Beijing. The blue-chip CSI300 index rose 0.3% to 3,514.05 points, while the Shanghai Composite Index added 0.4% to 3,281.00. Shenzhens Component Index rose 0.3 per cent to 10,656.2 and the Nasdaq-like ChiNext edged up 0.06 per cent to 1,944.2.

Powered by Capital Market - Live News

Japan Stocks end down on Fed minutes, firm yen
Apr 06,2017

The Japan share market closed down on Thursday, 06 April 2017, as weak U.S. shares overnight and the yens advance against the U.S. dollar weighed on market sentiment. Risk sentiments also weighed down on caution ahead of a two-day meeting between U.S. President Donald Trump and Chinese President Xi Jinping starting later in the day in Florida. Concerns over North Korea also weighed on the market. The benchmark Nikkei Stock Average fell 264.21 points, or 1.4%, to 18597.06, its lowest level since Dec. 7. The Topix index of all the Tokyo Stock Exchange First Section issues fell 24.48 points, or 1.6%, to 1480.18.

Powered by Capital Market - Live News