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Praj Industries drops after announcing weak Q2 results
Oct 21,2016

The result was announced after market hours yesterday, 20 October 2016.

Meanwhile, the S&P BSE Sensex was down 129.29 points or 0.46% at 28,001.20.

On BSE, so far 2.98 lakh shares were traded in the counter as against average daily volume of 2.04 lakh shares in the past one quarter. The stock hit a high of Rs 83.10 and a low of Rs 79.45 so far during the day. The stock had hit a 52-week high of Rs 105.15 on 4 July 2016. The stock had hit a 52-week low of Rs 70.40 on 26 February 2016. The stock had underperformed the market over the past one month till 20 October 2016, declining 1.83% compared with 1.38% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 8.02% as against Sensexs 0.77% rise.

The mid-cap company has equity capital of Rs 35.68 crore. Face value per share is Rs 2.

Praj Industries consolidated order backlog as on 30 September 2016 stood at Rs 1025 crore, which comprised 72% orders from domestic market.

Praj Industries offers innovative solutions for beverage alcohol and bioethanol plant, brewery, water & wastewater treatment plant, critical process equipment and systems and bioproducts.

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HCL Tech gains after retaining revenue growth guidance for FY 2017
Oct 21,2016

The result was announced before market hours today, 21 October 2016.

Meanwhile, the S&P BSE Sensex was down 135.88 points or 0.48% at 27,993.96.

On BSE, so far 1.15 lakh shares were traded in the counter as against average daily volume of 1.58 lakh shares in the past one quarter. The stock hit a high of Rs 848.70 and a low of Rs 822 so far during the day. The stock had hit a 52-week high of Rs 889.80 on 1 February 2016. The stock had hit a 52-week low of Rs 706.50 on 11 May 2016. The stock had outperformed the market over the past one month till 20 October 2016, rising 2.91% compared with 1.38% decline in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 11.77% as against Sensexs 0.77% rise.

The large-cap company has equity capital of Rs 282.18 crore. Face value per share is Rs 2.

HCL Technologies consolidated net profit fell 1.6% to Rs 2014 crore on 1.6% growth in revenue to Rs 11519 crore in Q2 September 2016 over Q1 June 2016. Revenue in constant currency rose 2.8% in Q2 September 2016 over Q1 June 2016. The company expects revenue growth between 12% to 14% in constant currency terms in the current financial year ending 31 March 2017 (FY 2017). This translates into 11% to 13% growth in dollar terms based on 30 September 2016 exchange rates. HCL Technologies expects its operating margin (EBIT) to be in the range of 19.5% to 20.5% for FY 2017.

HCL Technologies announced that the board of directors of the company declared an interim dividend of Rs 6 per share for FY 2017.

HCL Technologies CFO Anil Chanana said the conversion of net income to operating cash flow has been in excess of 100% for last twelve months ended 30 September 2016 while the return on equity continues to be robust at 28%.

HCL Technologies announced that C. Vijayakumar, Chief Operating Officer of the company has been elevated to the position of the President and Chief Executive Officer of the company with effect from 20 October 2016. Anant Gupta has decided to leave the company to pursue personal interests outside of HCL.

Separately, HCL Technologies before market hours today, 21 October 2016 announced that it has entered into an agreement to acquire Butler America Aerospace, LLC (Butler Aerospace), a provider of engineering, design services and aftermarket engineering services to US Aerospace and Defense customers. Butler Aerospace is a wholly owned subsidiary of Butler America LLC. The proposed acquisition will exclude the staffing business of Butler America Inc. The consideration for the proposed transaction is $85 million to be paid in cash. The acquisition is subject to regulatory approvals including CFIUS approval in the US, along with other customary closing conditions. It is expected to be completed by 31 December 2016.

Butler Aerospace had revenues of $85.4 million for the year ended 31 December 2015 at earnings before interest and tax (EBIT) of 12.2%. The acquisition when consummated is likely to be EPS accretive, HCL Technologies said. Butler Aerospace serves customers primarily in the Aerospace and Defense industries in the US, to whom it provides engineering & design services in the areas of mechanical and structural design, electrical design, tool design and aftermarket engineering services. With over 900 highly skilled engineers and 7 design centers in the US, Butler Aerospace has a marquee list of clients in the Aerospace & Defense industries and works with OEMs and their suppliers. The acquisition will bolster HCLs capabilities in this space and access to clients with large R&D spends.

HCL Technologies is a leading global IT services company working with clients in the areas that impact and redefine the core of their businesses.

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Wipro gains after signing agreement to acquire Appirio
Oct 21,2016

The announcement was made after market hours yesterday, 20 October 2016.

Meanwhile, the S&P BSE Sensex was down 89.74 points or 0.32% to 28,040.10

On BSE, so far 39,000 shares were traded in the counter, compared with average daily volume of 2.79 lakh shares in the past one quarter. The stock hit a high of Rs 504.30 and a low of Rs 493.90 so far during the day. The stock hit a 52-week high of Rs 606.75 on 20 April 2016. The stock hit a 52-week low of Rs 470 on 29 September 2016.

The large-cap company has equity capital of Rs 486.16 crore. Face value per share is Rs 2.

Wipro said that the acquisition is subject to customary closing conditions and regulatory approvals and is expected to be closed in Q3 December 2016. Appirio is a global services company that helps customers create next-generation Worker and Customer Experience using the latest cloud technologies.

Once completed, Wipros acquisition of Appirio will create one of the worlds largest cloud transformation practices, a game changer in todays as-a-service and digital economy. Appirio also brings to Wipro, Topcoder, a leading crowdsourcing marketplace connecting over a million designers, developers and data scientists around the world with customers. Wipro will consolidate its existing cloud applications practices of Salesforce and Workday under the Appirio brand and structure.

Wipro announces its Q2 September 2016 results today, 21 October 2016. On consolidated basis, Wipros net profit fell 8.32% to Rs 2051.90 crore on 0.32% decline in net sales to Rs 13697.60 crore in Q1 June 2016 over Q4 March 2016.

Wipro is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better.

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RIL slips after announcing poor Q2 result
Oct 21,2016

The result was announced after market hours yesterday, 20 October 2016.

Meanwhile, the BSE Sensex was down 83.28 points, or 0.3%, to 28,046.56

On BSE, so far 66,000 shares were traded in the counter, compared with average daily volume of 4.24 lakh shares in the past one quarter. The stock hit a high of Rs 1,099 and a low of Rs 1,070.75 so far during the day. The stock hit a 52-week high of Rs 1,128.90 on 26 September 2016. The stock hit a 52-week low of Rs 888.50 on 12 February 2016.

The large-cap company has equity capital of Rs 3243.25 crore. Face value per share is Rs 10.

Reliance Industries (RIL) said its turnover increased primarily on account of increase in volumes in refining, petrochemical and retail businesses. RILs consolidated profit before depreciation, interest, and taxes (PBDIT) rose 24.8% to Rs 13551 crore in Q2 September 2016 over Q2 September 2015.

RILs net profit rose 17.91% to Rs 7704 crore on 0.64% increase in total income to Rs 66624 crore in Q2 September 2016 over Q2 September 2015. Gross Refining Margins (GRM) stood at $10.10 per barrel in Q2 September 2016, a tad lower than $10.60 per barrel in Q2 September 2015.

RILs revenue from the refining and marketing segment decreased by 0.4% to Rs 60527 crore in Q2 September 2016 over Q2 September 2015. Segment earnings before interest and taxes (EBIT) rose 9.7% to Rs 5975 crore in Q2 September 2016 over Q2 September 2015, aided by stronger volumes and yield shifts to capture higher margins.

Revenue from the petrochemicals segment increased by 5.6% to Rs 22422 crore in Q2 September 2016 over Q2 September 2015, primarily due to increase in volumes of fiber intermediates and polyester products.

Revenues for organized retail business grew by 63% to Rs 8079 crore in Q2 September 2016 over Q2 September 2015. The increase in turnover was led by growth in digital, fashion & lifestyle and petroleum products. During the quarter, Reliance Retail added 59 stores across various store concepts and strengthened its distribution network for consumer electronics. As on 30th September 2016, Reliance Retail operated 3,442 stores across 679 cities with an area of over 13 million square feet.

Commenting on the results, Mukesh D. Ambani, chairman and managing director, RIL said that the company has achieved outstanding second quarter results with strong refining business performance and record petrochemicals segment earnings. Refining business sustained high profitability in a tough environment highlighting the companys exceptional refining assets, dynamic response to market trends and robust operations. Petrochemicals segment gained significantly from higher volumes, integration and supportive product margins. RILs projects in the hydrocarbon chain are at advanced stages of mechanical completion and precommissioning activities. These projects will further strengthen the companys position as a leading operator in the energy and materials businesses. RIL is delighted and humbled by the enthusiastic adoption of Jio by India. Jio is built to empower every Indian with the power of data.

RILs outstanding debt as on 30 September 2016 was Rs 189132 crore compared to Rs 180388 crore as on 31 March 2016.

Cash and cash equivalents as on 30 September 2016 were at Rs 82533 crore compared to Rs 89966 crore as on 31 March 2016. These were in bank deposits, mutual funds, CDs and Government Bonds and other marketable securities.

Separately, RIL announced after market hours yesterday, 20 October 2016 that Reliance Jio Infocomm (RJIL) has received communication from Telecom Regulatory Authority of India (TRAI) stating that the tariff plans offered by it are fully compliant with regulatory norms of IUC compliance, non-predatory and non-discriminatory. This clearly establishes the fact that all the tariffs offered by RJIL are in compliance with the prevailing regulations, RJIL said.

RIL is a diversified firm having presence in oil exploration, petrochemicals, retail and telecom sectors.

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LIC Housing Finance drops on profit booking after announcing Q2 result
Oct 20,2016

The result was announced during market hours today, 20 October 2016.

Meanwhile, the S&P BSE Sensex was up 145.40 points or 0.52% at 28,128.98

On BSE, so far 5.07 lakh shares were traded in the counter as against average daily volume of 2.47 lakh shares in the past one quarter. The stock hit a high of Rs 624 so far during the day, which is record high for the counter. The stock hit a low of Rs 606.70 so far during the day. The stock hit a 52-week low of Rs 389 on 25 February 2016. The stock had outperformed the market over the past 30 days till 19 October 2016, rising 8.24% compared with 1.89% decline in the Sensex. The scrip also outperformed the market in past one quarter, gaining 22.55% as against Sensexs 0.99% rise.

The large-cap company has equity capital of Rs 100.93 crore. Face value per share is Rs 2.

Shares of LIC Housing Finance had witnessed pre-result upmove, gaining 6.61% in two trading days to settle at Rs 615.95 yesterday, 19 October 2016 from its close of Rs 577.75 on 17 October 2016.

LIC Housing Finance is a housing finance company. LIC of India holds 40.31% stake in the firm as on 30 September 2016.

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Agro Tech Foods slides as Q2 net profit boosted by other income
Oct 20,2016

The net profit was boosted by other income of Rs 4.23 crore in Q2 September 2016 as compared with nil other income in Q2 September 2015. The result was announced after market hours yesterday, 19 October 2016.

Meanwhile, the S&P BSE Sensex was up 142.13 points or 0.51% at 28,126.50

On BSE, so far 3,540 shares were traded in the counter as against average daily volume of 7,619 shares in the past one quarter. The stock hit a high of Rs 523.80 and a low of Rs 497 so far during the day. The stock had hit a 52-week high of Rs 615 on 26 October 2015. The stock had hit a 52-week low of Rs 445.30 on 17 February 2016. The stock had outperformed the market over the past 30 days till 19 October 2016, falling 1.46% compared with 1.89% decline in the Sensex. The scrip also outperformed the market in past one quarter, rising 3.59% as against Sensexs 0.99% rise.

The small-cap company has equity capital of Rs 24.37 crore. Face value per share is Rs 10.

Agro Tech Foods is engaged in the business of marketing food and food ingredients to consumers and institutional customers.

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Ashok Leyland gains after winning repeat order
Oct 20,2016

The announcement was made during market hours today, 20 October 2016.

Meanwhile, the S&P BSE Sensex was up 137.95 points or 0.49% at 28,122.32.

On BSE, so far 10.59 lakh shares were traded in the counter as against average daily volume of 13.45 lakh shares in the past one quarter. The stock hit high of Rs 86.30 and low of Rs 84.40 so far during the day. The stock had hit a record high of Rs 112.80 on 13 April 2016. The stock had hit a 52-week low of Rs 75.15 on 30 September 2016.

The large-cap company has equity capital of Rs 284.59 crore. Face value per share is Rs 1.

Ashok Leyland said that the order is for the purchase of the company vehicles, gensets, spares and equipment for development of workshops, training modules and allied equipment to be fitted on ambulances. This order is being financed fully by EXIM Bank of India under National Export Insurance Account (NEIA) Scheme.

It may be recalled that the company had recently concluded the supply of 773 vehicles in Tanzania under line of credit from the Government of India. Further, the company is currently executing another order for supply of 777 vehicles to the Ministry of Home Affairs in Tanzania.

Ashok Leylands net profit jumped 101.2% to Rs 290.78 crore on 10.6% growth in net sales to Rs 4175.79 crore in Q1 June 2016 over Q1 June 2015.

Ashok Leyland is one of the leading manufacturers of medium and heavy commercial vehicles in India.

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Kirloskar Pneumatic drops after reporting weak Q2 results
Oct 20,2016

The result was announced during trading hours today, 20 October 2016.

Meanwhile, the S&P BSE Sensex was up 141.43 points or 0.51% at 28,125.80.

On BSE, so far 3,079 shares were traded in the counter as against average daily volume of 1,562 shares in the past one quarter. The stock hit a high of Rs 878 and a low of Rs 813 so far during the day. The stock had hit a record high of Rs 949.95 on 22 July 2016. The stock had hit a 52-week low of Rs 480 on 27 October 2015. The stock had underperformed the market over the past 30 days till 19 October 2016, falling 2.18% compared with 1.89% decline in the Sensex. The scrip, however, outperformed the market in past one quarter, gaining 8.3% as against Sensexs 0.99% rise.

The mid-cap company has equity capital of Rs 12.84 crore. Face value per share is Rs 2.

Kirloskar Pneumatic Company (KPCL) is one of the core group companies of Kirloskar group. The company started its operations with the manufacture of air Compressors and Pneumatic Tools. New product lines were then added, including air conditioning and refrigeration systems, marine HVACR, process gas systems and hydraulic power transmission machinery.

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Volumes jump at CCL Products (India) counter
Oct 20,2016

CCL Products (India) clocked volume of 6.41 lakh shares by 14:00 IST on BSE, a 58.93-times surge over two-week average daily volume of 11,000 shares. The stock rose 0.54% to Rs 250.

DCM Shriram notched up volume of 3.13 lakh shares, a 18.58-fold surge over two-week average daily volume of 17,000 shares. The stock jumped 17.18% to Rs 263.30.

City Union Bank saw volume of 18.97 lakh shares, a 16.65-fold surge over two-week average daily volume of 1.14 lakh shares. The stock rose 3.73% to Rs 148.60.

Orient Cement clocked volume of 5.24 lakh shares, a 11.38-fold surge over two-week average daily volume of 46,000 shares. The stock rose 0.05% to Rs 182.45.

Quess Corp saw volume of 3.26 lakh shares, a 10.5-fold rise over two-week average daily volume of 31,000 shares. The stock jumped 7.01% to Rs 638.75 after consolidated net profit increased 22% to Rs 30 crore on 2.7% rise in revenue to Rs 1018 crore in Q2 September 2016 over Q1 June 2016. The result was announced after market hours yesterday, 19 October 2016.

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L&T gains as unit signs contract for Nagpur smart city project
Oct 20,2016

The announcement was made during trading hours today, 20 October 2016.

Meanwhile, the S&P BSE Sensex was up 170.28 points or 0.61% at 28,154.65

On BSE, so far 71,000 shares were traded in the counter as against average daily volume of 1.61 lakh shares in the past one quarter. The stock hit a high of Rs 1,503.20 and a low of Rs 1,482.05 so far during the day. The stock had hit a 52-week high of Rs 1,615 on 27 July 2016. The stock had hit a 52-week low of Rs 1,016.60 on 12 February 2016. The stock had outperformed the market over the past 30 days till 19 October 2016, rising 0.73% compared with 1.89% decline in the Sensex. The scrip, however, underperformed the market in past one quarter, falling 4.53% as against Sensexs 0.99% rise.

The large-cap company has equity capital of Rs 186.47 crore. Face value per share is Rs 2.

L&T announced that L&T Constructions Smart World Communications business unit has signed a formal contract with the Department of Information Technology, Maharashtra Government, under which Nagpur will be converted into the countrys first large-scale integrated smart city. The scope of work will cover laying of 1200 km of optical fiber network backbone, creating 136 city wi-fi hotspots at key locations, establishing 100 digital interactive kiosks and developing city surveillance systems with 3800 IP based cameras. Further, as an avant-garde endeavor, the city has identified a strip of approximately six km (from Japanese Garden Square to Orange City Hospital Square) to be developed as a Smart Strip with smart ICT interventions & IOT solutions like smart lighting, smart transport, smart parking, smart bins, etc.

The company has completed detailed surveys of the proposed junctions, smart strip and zonal ring and even procured the requisite approvals for conducting the LiDAR survey for surveillance wi-fi deployment, L&T said in a statement.

L&Ts consolidated net profit rose 45.5% to Rs 609.60 crore on 9.3% growth in net sales to Rs 21718.61 crore in Q1 June 2016 over Q1 June 2015.

L&T is a major Indian multinational engaged in technology, engineering, construction, manufacturing and financial services. It operates in more than 30 countries worldwide.

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Yes Bank extends gains after posting stellar Q2 results
Oct 20,2016

The result was announced during market hours today, 20 October 2016.

Meanwhile, the S&P BSE Sensex was up 133.06 points or 0.48% at 28,117.43.

High volumes were witnessed on the counter. On BSE, so far 4.4 lakh shares were traded in the counter as against average daily volume of 2.72 lakh shares in the past one quarter. The stock hit high of Rs 1,323 and low of Rs 1,298.50 so far during the day. The stock had hit a record high of Rs 1,450 on 7 September 2016. The stock had hit a 52-week low of Rs 632.25 on 20 January 2016. The stock had outperformed the market over the past one month till 19 October 2016, rising 9.66% compared with 2.27% fall in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 11.98% as against Sensexs 0.71% rise.

The large-cap bank has equity capital of Rs 422.28 crore. Face value per share is Rs 10.

Yes Banks gross non-performing assets (NPAs) stood at Rs 916.68 crore as on 30 September 2016 as against Rs 844.56 crore as on 30 June 2016 and Rs 491.35 crore as on 30 September 2015. The ratio of gross NPAs to gross advances stood at 0.83% as on 30 September 2016 as against 0.79% as on 30 June 2016 and 0.61% as on 30 September 2015.

The ratio of net NPAs to net advances stood at 0.29% as on 30 September 2016 as against 0.29% as on 30 June 2016 and 0.2% as on 30 September 2015. The banks provisions and contingencies (excluding tax provisions) rose 55.54% to Rs 161.67 crore in Q2 September 2016 over Q2 September 2015.

Net interest income (NII) rose 30.5% to Rs 1446.20 crore in Q2 September 2016 over Q2 September 2015, on account of strong growth in advances and current account-saving account (CASA) deposits. Net interest margin (NIM) rose to 3.4% in Q2 September 2016 up from 3.3% in Q2 September 2015.

Yes Bank is one of the leading private sector banks in India.

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Thirumalai Chemicals scales record high after turnaround Q2 outcome
Oct 20,2016

The result was announced after market hours yesterday, 19 October 2016.

Meanwhile, the S&P BSE Sensex was up 99.80 points, or 0.36%, to 28,084.17

On BSE, so far 87,000 shares were traded in the counter, compared with an average daily volume of 65,928 shares in the past one quarter. The stock hit a high of Rs 675.85 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 638 so far during the day. The stock hit a 52-week low of Rs 129 on 1 March 2016. The stock had outperformed the market over the past 30 days till 19 October 2016, rising 11.63% compared with 1.89% decline in the Sensex. The scrip also outperformed the market in past one quarter, surging 80.79% as against Sensexs 0.99% rise.

The small-cap company has an equity capital of Rs 10.24 crore. Face value per share is Rs 10.

Thirumalai Chemicals net sales rose 10.09% to Rs 251.06 crore in Q2 September 2016 over Q2 September 2015.

Thirumalai Chemicals announced that the board of directors of the company at its meeting held yesterday, 19 October 2016 informed that the upgrading of fine chemicals and food ingredients units is nearing completion. This will add about 40% capacity by Q4 March 2017 in these divisions. The companys board of directors also approved the upgrading of its Phthalic Anhydride Plants with newer technology, to be completed by the year ending 31 March 2018 (FY 2018), Thirumalai Chemicals said. A further project to expand fine chemicals capacities by a further 40% has also been approved by the companys board of directors to be completed in FY 2018, the company said. All these projects will be funded internally, it added. The company has indicated that its wholly owned subsidiary in Malaysia, OOSB has completed its Maleic Anhydride expansion to 45,000 tons and is planning further expansions of Maleic Anhydride Unit. OOSB will also build a food ingredients and fine chemicals plant based on Thirumalai Chemicals Indias technology.

Thirumalai Chemicals started production of Phthalic Anhydride in 1976 in Ranipet, in South India. Since then, it has grown into a diverse and respected enterprise, rapidly expanding into the manufacture of many other critical Industrial Chemicals: Maleic Anhydride, Fumaric Acid and Malic Acid and various Fine Chemicals and Derivatives.

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Yes Bank gains after reporting strong Q2 results
Oct 20,2016

The result was announced during market hours today, 20 October 2016.

Meanwhile, the S&P BSE Sensex was up 133.06 points or 0.48% at 28,117.43.

On BSE, so far 1.73 lakh shares were traded in the counter as against average daily volume of 2.72 lakh shares in the past one quarter. The stock hit high of Rs 1,320 and low of Rs 1,298.50 so far during the day. The stock had hit a record high of Rs 1,450 on 7 September 2016. The stock had hit a 52-week low of Rs 632.25 on 20 January 2016. The stock had outperformed the market over the past one month till 19 October 2016, rising 9.66% compared with 2.27% fall in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 11.98% as against Sensexs 0.71% rise.

The large-cap bank has equity capital of Rs 422.28 crore. Face value per share is Rs 10.

Yes Bank is one of the leading private sector banks in India.

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Sadbhav Infra gains after receiving completion certificate for two check posts
Oct 20,2016

The announcement was made during market hours today, 20 October 2016.

Meanwhile, the BSE Sensex was up 123.35 points, or 0.44%, to 28,107.72.

On BSE, so far 10,703 shares were traded in the counter, compared with an average volume of 70,700 shares in the past one quarter. The stock hit a high of Rs 112.60 and a low of Rs 106.85 so far during the day. The stock hit a record high of Rs 120.40 on 22 September 2016. The stock hit a record low of Rs 66.30 on 15 February 2016. The stock had outperformed the market over the past one month till 19 October 2016, rising 2.38% compared with 2.27% fall in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 6.8% as against Sensexs 0.71% rise.

The mid-cap company has equity capital of Rs 352.23 crore. Face value per share is Rs 10.

Sadbhav Infrastructure Project said that with the receipt of these certificates, Maharashtra Border Check Post Network (MBCPNL), a subsidiary of the company and a special purpose vehicle incorporated for the project of construction, operation and maintenance and modernisation and computerization of integrated border check posts received provisional/final certificate for 18 check posts out of which 13 check posts have started generating revenue. The construction work is at an advanced stage for balance 6 check posts.

Sadbhav Infrastructure Project reported consolidated net loss of Rs 89.46 crore in Q1 June 2016 compared with net loss of Rs 88.34 crore in Q1 June 2015. Net sales fell 33.3% to Rs 361.70 crore in Q1 June 2016 over Q1 June 2015.

Sadbhav Infrastructure Project is into development, operation and maintenance of road infrastructure assets. It undertakes turnkey contractual works and other than civil construction of the projects.

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Ashoka Buildcon gains after receipt of letters of intent
Oct 20,2016

The announcement was made after market hours yesterday, 19 October 2016.

Meanwhile, the S&P BSE Sensex was up 121.13 points, or 0.43%, to 28,105.50

On BSE, so far 22,000 shares were traded in the counter, compared with an average volume of 65,927 shares in the past one quarter. The stock hit a high of Rs 172.35 and a low of Rs 168.75 so far during the day. The stock hit a record high of Rs 211.90 on 23 December 2015. The stock hit a 52-week low of Rs 111 on 7 April 2016. The stock had outperformed the market over the past 30 days till 19 October 2016, falling 1.07% compared with 1.89% decline in the Sensex. The scrip, however, underperformed the market in past one quarter, gaining 0.18% as against Sensexs 0.99% rise.

The mid-cap company has an equity capital of Rs 93.57 crore. Face value per share is Rs 5.

Ashoka Buildcon said that the company has received letters of intent (LOIs) from Dakshinanchal Vidyut Vitran Nigam (DVVNL) for execution of work on rural electrification on turnkey basis under Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY) scheme, a Government of India scheme on behalf of DVVNL/Government of Uttar Pradesh for Aligarh and Kanpur zones. The aggregate accepted bid value of the projects is Rs 178.66 crore.

On a consolidated basis, Ashoka Buildcons net profit dropped 32.72% to Rs 30.82 crore on 4.36% fall in total income to Rs 476.52 crore in Q1 June 2016 over Q1 June 2015.

Ashoka Buildcon is a leading highway concessionaire and engineering, procurement and construction (EPC) company.

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