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CESC drops amid volatility
Sep 15,2016

Meanwhile, the S&P BSE Sensex was down 2.68 points or 0.01% at 28,374.91.

On BSE, so far 34,000 shares were traded in the counter as against average daily volume of 22,672 shares in the past one quarter. The stock was volatile. The stock lost as much as 0.41% at the days low of Rs 652.40 so far during the day. The stock rose as much as 2.87% at the days high of Rs 673.95 so far during the day. The stock had hit a 52-week high of Rs 683.45 on 1 September 2016. The stock had hit a 52-week low of Rs 404.75 on 12 February 2016. The stock had outperformed the market over the past one month till 14 September 2016, advancing 2.49% compared with 0.78% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 18.45% as against Sensexs 7.49% rise.

The mid-cap company has equity capital of Rs 132.56 crore. Face value per share is Rs 10.

The foreign brokerage has reportedly said that CESC is a play on power reforms. Chandrapur plant load factor (PLF) improvement is a key positive for the company, the brokerage added.

CESCs net profit rose 0.6% to Rs 174 crore on 11.8% growth in net sales to Rs 1888 crore in Q1 June 2016 over Q1 June 2015. The result was announced during market hours yesterday, 14 September 2016. The stock had risen 2.66% to settle at Rs 655.10 on that day.

CESC is a power utility company engaged in the generation and distribution of electricity.

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BEML skids after posting higher net loss in Q1
Sep 15,2016

The result was announced after market hours yesterday, 14 September 2016.

Meanwhile, the BSE Sensex was up 2.75 points, or 0.01%, to 28,374.98.

Higher than normal volumes were witnessed on the counter. On BSE, so far 1.16 lakh shares were traded in the counter, compared with an average volume of 44,667 shares in the past one quarter. The stock hit a high of Rs 983.90 and a low of Rs 923.40 so far during the day. The stock hit a 52-week low of Rs 783.80 on 24 June 2016. The stock hit a 52-week high of Rs 1,324.40 on 4 January 2016. The stock had outperformed the market over the past one month till 14 September 2016, gaining 3.38% compared with 0.78% gains in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 20.55% as against Sensexs 7.49% gains.

The mid-cap company has an equity capital of Rs 41.64 crore. Face value per share is Rs 10.

BEMLs total income fell 49.7% to Rs 300.52 crore in Q1 June 2016 over Q1 June 2015.

BEML was established in May 1964 as a public sector undertaking for manufacture of rail coaches & spare parts and mining equipment at its Bangalore complex. The Government of India held 54% stake BEML (as per the shareholding pattern as on 30 June 2016).

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Monsanto India, Bayer CropScience nudge higher
Sep 15,2016

Bayer CropScience was up 3.14% at Rs 4,240. Bayer AG is a parent firm of Bayer CropScience. It held 68.57% stake in Bayer CropScience as on 30 June 2016.

Monsanto India was up 2.52% at Rs 2,637. Monsanto Company is a parent firm of Monsanto India. It held 72.14% stake in Monsanto India as on 30 June 2016.

Meanwhile, the S&P BSE Sensex was down 9.20 points or 0.03% at 28,363.03.

Monsantos board of directors, Bayers board of management and Bayers supervisory board unanimously approved the merger agreement. Based on Monsantos closing share price on 9 May 2016, the day before Bayers first written proposal to Monsanto, the offer represents a premium of 44% to that price.

Bayer intends to finance the transaction with a combination of debt and equity. The equity component of about $19 billion is expected to be raised through an issuance of mandatory convertible bonds and through a rights issue with subscription rights. Bridge financing for $57 billion is committed by BofA Merrill Lynch, Credit Suisse, Goldman Sachs, HSBC and JP Morgan.

The acquisition is subject to customary closing conditions, including Monsanto shareholder approval of the merger agreement and receipt of required regulatory approvals. Closing is expected by the end of 2017.

Monsanto India is a seed company focusing on maize and agricultural productivity. The companys net profit fell 9.9% to Rs 56.60 crore on 9.1% decline in net sales to Rs 236.08 crore in Q1 June 2016 over Q1 June 2015.

Bayer CropScience has presence in seeds, crop protection and non-agricultural pest control. It is organized into operating units viz. crop protection, seeds and environmental science. The companys net profit rose 18.6% to Rs 131.20 crore on 8.4% growth in net sales to Rs 799.20 crore in Q1 June 2016 over Q1 June 2015.

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Unitech gains after cutting losses in Q1
Sep 15,2016

The result was announced after market hours yesterday, 14 September 2016.

Meanwhile, the BSE Sensex was down 17.71 points, or 0.06%, to 28,354.89.

More than normal volumes were traded on the counter. On BSE, so far 21.37 lakh shares were traded in the counter, compared with an average volume of 14.71 crore shares in the past one quarter. The stock hit a high of Rs 6.51 and a low of Rs 6.14 so far during the day. The stock hit a 52-week high of Rs 9.05 on 18 July 2016. The stock hit a 52-week low of Rs 3.43 on 11 February 2016. The stock had underperformed the market over the past one month till 14 September 2016, falling 0.98% compared with 0.78% gains in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 18.48% as against Sensexs 7.49% gains.

The mid-cap company has an equity capital of Rs 523.26 crore. Face value per share is Rs 2.

Unitechs consolidated total income rose 26.94% to Rs 495.93 crore in Q1 June 2016 over Q1 June 2015. The companys consolidated net debt as of 30 June 2016 stood at Rs 5265 crore. Net debt to equity ratio as of 30 June 2016 was 0.58. The company achieved sales bookings of 2 million square feet valued at Rs 362 crore during Q1 June 2016. The company delivered 2.35 million square feet of completed property during Q1 June 2016.

Announcing the results, Ajay Chandra, Managing Director, Unitech said that the companys focus is firmly on completing and delivering the ongoing projects in an expeditious manner. Towards this end, company has been continuously engaging with its customers, bankers and local administration to create project specific escrow mechanisms to ensure that the balance payments received from the customers of a project are utilized only towards completion of that project. Some projects in which such mechanisms have already been put in place have started yielding positive results, he added.

Unitech is one of Indias leading real estate player. It has a diversified product mix in real estate comprising of commercial complexes, IT/ITes parks, special economic zones (SEZs), integrated residential developments, schools, hotels, malls, golf courses and amusement parks.

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Hinduja Foundries slumps after board approves amalgamation with Ashok Leyland
Sep 15,2016

The separate announcements in this regard were made by Hinduja Foundries and Ashok Leyland after market hours yesterday, 14 September 2016. Shares of Ashok Leyland dropped 3.08% to Rs 81.95.

Meanwhile, the BSE Sensex was up 48.65 points, or 0.17%, to 28,420.88.

High volumes were witnessed on the counter of Hinduja Foundries. On BSE, so far 1.15 lakh shares were traded in the counter of Hinduja Foundries, compared with an average volume of 3,411 shares in the past one quarter. The stock was locked at a low of Rs 44 so far during the day. The stock hit high of Rs 50.15 so far during the day. The stock hit a 52-week high of Rs 65 on 7 July 2016. The stock hit a 52-week low of Rs 27.30 on 12 February 2016. The stock had outperformed the market over the past one month till 14 September 2016, rising 2.9% compared with 0.78% gains in the Sensex. The scrip had, however, underperformed the market in past one quarter, gaining 0.83% as against Sensexs 7.49% gains.

The small-cap company has an equity capital of Rs 207.05 crore. Face value per share is Rs 10.

The transaction is subject to various regulatory approvals and approval of shareholders of both the companies. The board of directors also approved, subject to regulatory approvals the exchange ratio wherin shareholders holding 100 shares in Hinduja Foundries will get 40 shares of Ashok Leyland. One thousand 2008 series global depository receipts (GDRs) of Hinduja Foundries will get 133 shares of Ashok Leyland. One 2006 series GDRs of Hinduja Foundries will get 4,800 shares of Ashok Leyland. The appointed date for the proposed transaction is 1 October 2016.

Commenting on the transaction, Vinod Dasari, CEO and Managing Director of Ashok Leyland said that the amalgamation will result in operational efficiencies and help realize cost synergies.

Hinduja Foundries reported net loss of Rs 36.58 crore in Q1 June 2016 compared with net loss of Rs 98.52 crore in Q1 June 2015. Net sales rose 10.2% to Rs 166.24 crore in Q1 June 2016 over Q1 June 2015.

Hinduja Foundries is Indias largest foundry group with the capacity to produce cylinder block and head ranging from 25 kilograms (kgs) to 500 kgs. From castings for automobiles and tractors to industrial engines, construction equipment and power generation equipment, Hinduja Foundries meets the stringent requirement of diverse segments. It even caters to the exceptionally high standards of defence applications.

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

Both, Ashok Leyland and Hinduja Foundries are a part of Hinduja Group.

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NBCC (India) moves higher after decent Q1 results
Sep 15,2016

The result was announced after market hours yesterday, 14 September 2016.

Meanwhile, the S&P BSE Sensex was up 7.94 points or 0.03% at 28,380.17.

On BSE, so far 1.10 lakh shares were traded in the counter as against average daily volume of 2.38 lakh shares in the past one quarter. The stock hit a high of Rs 255.65 and a low of Rs 250.30 so far during the day. The stock had hit a 52-week high of Rs 267 on 13 July 2016. The stock had hit a 52-week low of Rs 162 on 12 February 2016. The stock had outperformed the market over the past one month till 14 September 2016, advancing 7.87% compared with 0.78% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 34.76% as against Sensexs 7.49% rise.

The large-cap company has equity capital of Rs 120 crore. Face value per share is Rs 2.

NBCC is a blue-chip Government of India (GoI) Navratna Enterprise under the Ministry of Urban Development, in construction sector. The GoI held 90% stake in the firm (as per shareholding pattern as on 30 June 2016).

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RCom gains after announcing plans to merge with Aircel
Sep 15,2016

The announcement was made after market hours yesterday, 14 September 2016.

Meanwhile, the BSE Sensex was up 30.59 points, or 0.11%, to 28,402.82.

On BSE, so far 12.59 lakh shares were traded in the counter, compared with an average volume of 27.75 lakh shares in the past one quarter. The stock hit a high of Rs 53 and a low of Rs 52 so far during the day.

Reliance Communications (RCom) said the company and Maxis Communications Berhad (MCB), promoters of Aircel, a leading pan-India mobile operator signed definitive documents for the merger of their Indian wireless businesses-the largest-ever consolidation in the Indian telecom sector. The RCom-Aircel combination will create a strong operator ranked amongst Indias top 4 telecom companies by customer base and revenues, also ranking amongst the top 3 operators by revenues in 12 important circles.

The merged company will have the second-largest spectrum holding amongst all operators, aggregating 448 MHz across the 850, 900, 1800 and 2100 MHz bands, and will enjoy enhanced business continuity through extended validity of spectrum holdings till 2033-35. The merged company will be one of Indias largest private sector companies, with an asset base of over Rs 65000 crore ($9.7 billion) and net worth of Rs 35000 crore ($5.2 billion). The combined entity will enjoy substantial benefits of scale driving significant revenue growth, and capex and opex synergies with an NPV of Rs 20000 crore ($3 billion).

RCom and MCB will each hold a 50% stake in the merged entity with equal representation on the board of directors and all committees. The company will be managed by an independent professional team under the supervision of the board. RComs overall debt will reduce by Rs 20000 crore ($3 billion) or over 40% of its total debt, and Aircels debt will reduce by Rs 4000 crore ($600 million), upon completion of the transaction in 2017.

RCom will continue to own and operate its high growth businesses in the domestic and global enterprise space, data centers, optic fibre and related telecom infrastructure, besides owning valuable real estate. On consummation of the merger, RCom and MCB are committed to additional equity infusion into merged company to further strengthen the balance sheet, fund future growth plans, and enhance financial flexibility. Both parties are already in talks with leading international investors in this regard. The merged companys subscribers will have access to nationwide gold standard 4G LTE services on the sub-1 GHz band, under RComs existing nation-wide spectrum sharing/ ICR arrangements with Reliance Jio Infocomm.

The combined 2G, 3G and 4G networks position the merged entity for further strategic collaborations, and provide the entity the unique capability to offer a robust platform of services across all customer segments in all 22 telecom circles, including the mass market, leading to a superior customer experience at an affordable price point, and bringing the Internet to All in furtherance of Prime Minister Narendra Modis vision of Digital India.

Separately, RComs consolidated net profit rose 5.88% to Rs 54 crore on 3.75% decline in total income to Rs 5361 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 14 September 2016. The companys earnings before interest, tax, depreciation and amortization (EBITDA) margin dropped to 29.1% in Q1 June 2016 from 34% in Q1 June 2015.

RCom is an integrated telecommunications service provider.

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Kwality nudges higher after impressive Q1 outcome
Sep 14,2016

The result was announced during market hours today, 14 September 2016.

Meanwhile, the S&P BSE Sensex was up 26.53 points or 0.09% at 28,380.07.

On BSE, so far 4.35 lakh shares were traded in the counter as against average daily volume of 1.71 lakh shares in the past one quarter. The stock was volatile. The stock rose as much as 4.76% at the days high of Rs 126.40 so far during the day. The stock lost as much as 0.91% at the days low of Rs 119.55 so far during the day. The stock had hit a 52-week high of Rs 153.70 on 28 December 2015. The stock had hit a 52-week low of Rs 68 on 29 September 2015. The stock had outperformed the market over the past one month till 12 September 2016, gaining 4.32% compared with 0.71% rise in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 9.33% as against Sensexs 6.45% rise.

The small-cap company has equity capital of Rs 23.43 crore. Face value per share is Rs 1.

Kwality is one of the Indias largest and fastest growing private dairy companies.

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JMT Auto gains after fixing record date for stock split
Sep 14,2016

The announcement was made during market hours today, 14 September 2016.

Meanwhile, the S&P BSE Sensex was down 26.98 points or 0.1% at 28,326.56.

On BSE, so far 76,859 shares were traded in the counter as against average daily volume of 1.95 lakh shares in the past one quarter. The stock hit a high of Rs 49.50 and a low of Rs 46.65 so far during the day.

JMT Auto is one of the largest auto component manufacturers in the Eastern region with proven capabilities in heat treatment and gear manufacturing besides a variety of components for oil and gas industry.

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Nalco slips after reporting weak Q1 results
Sep 14,2016

The announcement was made after market hours on Monday, 12 September 2016. Stock market remained closed yesterday, 13 September 2016 on account of holiday.

Meanwhile, the S&P BSE Sensex was down 35.48 points or 0.13% at 28,318.31.

On BSE, so far 1.49 lakh shares were traded in the counter as against average daily volume of 1.95 lakh shares in the past one quarter. The stock hit a high of Rs 46.85 and a low of Rs 45.75 so far during the day. The stock had hit a 52-week high of Rs 51.40 on 8 September 2016. The stock had hit a 52-week low of Rs 29.75 on 12 February 2016. The stock had underperformed the market over the past one month till 12 September 2016, falling 1.26% compared with 0.71% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 12.98% as against Sensexs 6.45% rise.

The large-cap company has equity capital of Rs 1288.62 crore. Face value per share is Rs 5.

National Aluminium Company (Nalco) said that despite quantum jump in production, the profit in Q1 June 2016 took a dip due to low market realization.

State-run Nalco has integrated and diversified operations in mining, metal and power. The Government of India (GoI) held 80.93% stake in the company (as per the shareholding pattern as on 30 June 2016).

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Vedanta, Cairn India gain after Cairn Indias shareholders nod for merger
Sep 14,2016

Vedanta (up 2.01% at Rs 164.80) and Cairn India (up 1.85% at Rs 192.45) edged higher.

Meanwhile, the S&P BSE Sensex was down 39.23 points or 0.14% at 28,314.31.

Cairn Indias equity shareholders approved the scheme of arrangement for merger of the company with Vedanta with requisite majority. Vedantas shareholders had already approved the same on 9 September 2016.

Tom Albanese, CEO of Vedanta said that the approval for the Vedanta and Cairn India merger by both sets of shareholders consolidates Vedantas portfolio of attractive, Tier-I assets and simplifies the group structure. Vedanta remains committed to delivering superior value for the shareholders of the merged company through its diversified portfolio of world-class, low cost, long-life assets that have significant growth potential.

The merger scheme is now subject to the approval of the jurisdictional High Courts and other regulatory approvals and is expected to be effective by the end of the current financial year (FY 2017).

It may be recalled that Vedanta, Cairn India and the parent company, Vedanta Resources plc had announced revised and final terms to the recommended merger between Vedanta and Cairn India on 22 July 2016. The boards of Vedanta and Cairn India had approved revised and final terms for the transaction, taking into account prevailing market conditions and having regard to underlying commercial factors. Pursuant to the revised and final terms, each Cairn India minority shareholder would receive for each equity share held in Cairn one equity share in Vedanta and four redeemable preference shares with a face value of Rs 10 in Vedanta with a coupon of 7.5% and tenure of 18 months from issuance and implied premium of 20% to one month volume weighted average price (VWAP) of Cairn India share price.

Vedanta is a diversified natural resources company. Its business primarily involves producing oil & gas, zinc - lead - silver, copper, iron ore, aluminium and commercial power. The company has a presence across India, South Africa, Namibia, Australia, Ireland, Liberia and Sri Lanka. The companys consolidated net profit fell 27% to Rs 615.02 crore on 15.2% decline in net sales to Rs 14364.01 crore in Q1 June 2016 over Q1 June 2015.

Cairn India, a part of the Vedanta group, is one of the largest independent oil and gas exploration and production companies in India. On a consolidated basis, the companys net profit slipped 28.3% to Rs 359.55 crore on 28.2% fall in net sales to Rs 1885.11 crore in Q1 June 2016 over Q1 June 2015.

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Praj Industries gains after signing MoU with Indian Oil
Sep 14,2016

The announcement was made during market hours today, 14 September 2016.

Meanwhile, the S&P BSE Sensex was down 6.59 points or 0.02% at 28,436.95.

More than usual volumes were witnessed on the counter. On BSE, so far 4.7 lakh shares were traded in the counter as against average daily volume of 2.96 lakh shares in the past one quarter. The stock hit a high of Rs 92.40 and a low of Rs 86.40 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 outperformed the market over the past one month till 12 September 2016, rising 2.93% compared with 0.71% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, rising 2.51% as against Sensexs 6.45% rise.

The mid-cap company has equity capital of Rs 35.65 crore. Face value per share is Rs 2.

Indian Oil Corporation (IndianOil), Indias flagship national oil company, has selected company as its technology partner for setting up multiple 2nd Generation (2G) bio‐ethanol plants based on indigenously developed technology. IndianOil will be setting up three such 2G bio‐ethanol plants.

Indian Oil, like other PSU oil marketing companies are blending biofuels in transportation fuels at the depot to bring down dependency on crude oil imports and to avail of the resultant economic and environmental benefits. In order to enhance ethanol availability in the country for blending with petrol, IndianOil is developing 2G ethanol production infrastructure using ligno‐cellulosic biomasses as feedstock.

Praj is also providing assistance to IndianOil for achieving various milestones towards holistic development of these projects at various suitable locations across the country. Such 2G ethanol plants are based on indigenous technology and designs developed by Praj at their R&D center in Pune. Moreover, Praj will also supply plant & machinery and assist in operating and maintaining it.

Speaking about the collaboration, Pramod Chaudhari, Executive Chairman, Praj Industries said that the company has prepared itself to execute 2G ethanol projects worth over Rs 3000 crore in two‐three years. He further added that Praj is offering end‐to‐end 2G Smart Bio‐refinery solutions globally. Its Smart Biorefinery is capable of producing bio‐ethanol and other co‐products such as bio‐CNG, power and a variety of biochemicals.

Praj Industries consolidated net profit fell 52.5% to Rs 4.11 crore on 0.8% decline in total income to Rs 196.69 crore in Q1 June 2016 over Q1 June 2015.

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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New order boosts HCC
Sep 14,2016

The company made the announcement yesterday, 13 September 2016 when the stock market was closed on account of Bakri Id.

Meanwhile, the S&P BSE Sensex was up 12.22 points or 0.04% at 28,365.76.

On BSE, so far 62.61 lakh shares were traded in the counter as against average daily volume of 20.03 lakh shares in the past one quarter. The stock hit a high of Rs 41.50 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 39.25 so far during the day. The stock had hit a 52-week low of Rs 16.60 on 12 February 2016. The stock had outperformed the market over the past one month till 12 September 2016, surging 72.01% compared with 0.71% rise in the Sensex. The scrip had also outperformed the market in past one quarter, jumping 92.42% as against Sensexs 6.45% rise.

The small-cap company has equity capital of Rs 77.92 crore. Face value per share is Rs 1.

The latest order from the Department of Atomic Energy is to build premium high rise residential towers at Indira Gandhi Centre for Atomic Research, Kalpakkam, Tamil Nadu. This is an item rate contract to be completed in 30 months.

Net profit of Hindustan Construction Company (HCC) rose 17.5% to Rs 10.88 crore on 1.7% rise in net sales to Rs 899.32 crore in Q1 June 2016 over Q1 June 2015.

HCC is into infrastructure development in transportation, power and water segments. HCC is developing a planned hill city named Lavasa near Pune in Maharashtra.

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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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Suzlon Energy drops after reverse turnaround in Q1
Sep 14,2016

The result was announced yesterday, 13 September 2016, when stock market remained closed on account of Bakri Id.

Meanwhile, the S&P BSE Sensex was down 32.51 points, or 0.11%, to 28,321.03.

More than usual volumes were witnessed on the counter. On BSE, so far 62.86 lakh shares were traded in the counter, compared with an average daily volume of 43.11 lakh shares in the past one quarter. The stock hit a high of Rs 16.60 and a low of Rs 15.65 so far during the day. The stock hit a 52-week high of Rs 25.25 on 2 November 2015. The stock hit a 52-week low of Rs 12.80 on 12 February 2016. The stock had outperformed the market over the past one month till 12 September 2016, rising 4.23% compared with 0.71% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 0.29% as against Sensexs 6.45% rise.

The mid-cap company has equity capital of Rs 1004.88 crore. Face value per share is Rs 2.

Suzlon Energys total income dropped 36.81% to Rs 1668.94 crore in Q1 June 2016 over Q1 June 2015. The companys order book stands at 1,250 megawatts (MW) valued at Rs 7657 crore as on 30 June 2016. The consolidated customer advance stood at over Rs 1000 crore. The 55% of order book is resulting from new products, company added.

The Q1 June 2016 result is not directly comparable to Q1 June 2015 as Q1 June 2015 result included exceptional one time gain of Rs 1289 crore and one month of Senvion performance.

The Suzlon Group is one of the leading renewable energy solutions providers in the world with an international presence across 19 countries. The company has recently forayed into the solar space.

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