My Application Form Status

Check the status of your application form with Angel Broking.
Arq - The Hyper Intelligent Investment Engine By Angel Broking
Aditya Birla Nuvo tanks after boards nod for its merger with Grasim
Aug 12,2016

Shares of Grasim Industries were off 1.25% at Rs 4,482.

Meanwhile, the S&P BSE Sensex was up 275.54 points or 0.99% at 28,135.14.

On BSE, so far 5.97 lakh shares of Aditya Birla Nuvo changed hands in the counter compared with average daily volume of 1.96 lakh shares in the past two weeks. The stock hit a high of Rs 1,409.15 and a low of Rs 1,180 so far during the day. The stock had hit a record high of Rs 1,664 on 9 August 2016. The stock had hit a 52-week low of Rs 685 on 29 February 2016.

The large-cap company has equity capital of Rs 130.22 crore. Face value per share is Rs 10.

After the completion of the merger of Aditya Birla Nuvo (ABNL) with Grasim, the financial services business of ABNL carried under Aditya Birla Financial Services (ABFSL) will be demerged into a separate company. ABFSL will be separately listed on the bourses in due course. For merger of ABNL with Grasim, each shareholder of ABNL will get 3 equity shares of Grasim for every 10 equity shares held in ABNL. For demerger of financial services business into ABFSL, each shareholder of Grasim (post-merger) will receive 7 equity shares in ABFSL for every 1 equity share held in Grasim. After the completion of the two-stage transaction, Grasim will hold 57% stake and Grasim shareholders will own the remaining stake in ABFSL. The transaction is expected to be completed by Q4 March 2017 or Q1 June 2017.

Kumar Mangalam Birla, Chairman, Aditya Birla Group said that the proposed restructuring will create one of Indias largest, well-diversified companies with a healthy mix of businesses with steady cash flows and long-term growth opportunities. With diverse businesses spanning manufacturing and services, the combined company provides a play on Indias growth story, Birla said. The demerger and listing of the financial services business will unlock value for shareholders, he added.

ABNLs consolidated reported net profit declined 56.79% to Rs 305 crore on 0.18% growth in revenue to Rs 3194 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 11 August 2016. ABNL net profit on like-to-like basis declined 13.1% to Rs 305 crore in Q1 June 2016 over Q1 June 2015 due to reduction of ABNLs share in Idea Cellulars net profit by Rs 148 crore.

For the current financial year (FY 2017), ABNL has planned capex of about Rs 325 crore for its divisions, including Rs 191 crore and Rs 40 crore towards the expansion of linen yarn and VFY capacities respectively. Besides, there will be a capital requirement to the tune of about Rs 750 crore in the financial services businesses and equity requirement of about Rs 150 crore for ABNLs 51% share in the new ventures viz. solar power, payments bank and health insurance, ABNL said in a statement.

ABNL is a business conglomerate. It commands leadership position across its financial services, telecom, linen and manufacturing businesses.

Powered by Capital Market - Live News

Alkem Laboratories gains after successful USFDA inspection at Maharashtra facility
Aug 12,2016

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

Meanwhile, the BSE Sensex was up 281.61 points, or 1.01%, to 28,141.21.

On BSE, so far 4,187 shares were traded in the counter, compared with average daily volume of 8,811 shares in the past one quarter. The stock hit a high of Rs 1,624.95 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 1,600 so far during the day. The stock hit a 52-week low of Rs 1,175 on 2 May 2016. The stock had outperformed the market over the past 30 days till 11 August 2016, rising 12.43% compared with 0.16% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising rising 34% as against Sensexs 9.30% rise.

The large-cap company has equity capital of Rs 23.91 crore. Face value per share is Rs 2.

Alkem Laboratories announced that the US Food and Drug Administration (USFDA) inspected its bioequivalence facility at Taloja in Maharashtra from 1 August to 10 August 2016. At the end of the inspection, there were no 483s issued by the USFDA.

An FDA Form 483 is issued to firm management at the conclusion of an inspection when an investigator has observed any conditions that in their judgement may constitute violations of the Food Drug and Cosmetic (FD&C) Act and related Acts.

On a consolidated basis, net profit of Alkem Laboratories declined 56.87% to Rs 56.72 crore on 24.36% rise in net sales to Rs 1110.97 crore in Q4 March 2016 over Q4 March 2015. The company will announce Q1 results today, 12 August 2016.

Alkem Laboratories is a pharmaceutical company with global operations, engaged in the development, manufacture and sale of pharmaceutical and nutraceutical products.

Powered by Capital Market - Live News

MRF slides after announcing uninspiring Q1 results
Aug 12,2016

The result was announced at the fag end of after market hours yesterday, 11 August 2016. The stock had risen 0.56% to settle at Rs 36,689.30 on that day.

Meanwhile, the S&P BSE Sensex was up 249.31 points or 0.89% at 28,108.91.

On BSE, so far 427 shares were traded in the counter as against average daily volume of 2,190 shares in the past two weeks. The stock was volatile. The stock lost as much as 1.46% at the days low of Rs 36,150 so far during the day. The stock rose as much as 0.44% at the days high of Rs 36,854 so far during the day. The stock had hit a 52-week high of Rs 44,644 on 20 August 2015. The stock had hit a 52-week low of Rs 30,464.25 on 24 June 2016.

The large-cap company has equity capital of Rs 4.24 crore. Face value per share is Rs 10.

MRF manufactures the largest range of tyres in India and exports to various countries worldwide.

Powered by Capital Market - Live News

Grasim, Aditya Birla Nuvo tumble after merger announcement
Aug 12,2016

Grasim Industries was down 8.13% at Rs 4,170. Aditya Birla Nuvo tanked 24.42% at Rs 1,183.40.

Meanwhile, the S&P BSE Sensex was up 131.49 points or 0.47% at 27,991.09.

After the completion of the merger of Aditya Birla Nuvo (ABNL) with Grasim, the financial services business of ABNL carried under Aditya Birla Financial Services (ABFSL) will be demerged into a separate company. ABFSL will be separately listed on the bourses in due course. For merger of ABNL with Grasim, each shareholder of ABNL will get 3 equity shares of Grasim for every 10 equity shares held in ABNL. For demerger of financial services business into ABFSL, each shareholder of Grasim (post-merger) will receive 7 equity shares in ABFSL for every 1 equity share held in Grasim. After the completion of the two-stage transaction, Grasim will hold 57% stake and Grasim shareholders will own the remaining stake in ABFSL. The transaction is expected to be completed by Q4 March 2017 or Q1 June 2017.

Kumar Mangalam Birla, Chairman, Aditya Birla Group said that the proposed restructuring will create one of Indias largest, well-diversified companies with a healthy mix of businesses with steady cash flows and long-term growth opportunities. With diverse businesses spanning manufacturing and services, the combined company provides a play on Indias growth story, Birla said. The demerger and listing of the financial services business will unlock value for shareholders, he added.

Grasims consolidated net profit surged 64% to Rs 830 crore on 9% growth in net revenue to Rs 9089 crore in Q1 June 2016 over Q1 June 2015. Earnings before interest, taxation, depreciation and amortization (EBITDA) rose 36% to Rs 2214 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 11 August 2016.

With regard to future business outlook, Grasim said that in viscose staple fibre (VSF), the business environment has improved globally. Capacity additions have slowed down which have resulted in higher operating rates in the industry, the company said. Grasim said it will continue to focus on expanding the VSF market in India by partnering with the textile value chain and better customer connect through Brand Liva. Enriching the product mix through larger share of specialty fibre in the portfolio will be yet another focus area, it said.

In cement, demand is expected to rise by about 7% in the current year, driven by the governments focus on infrastructure development, housing, smart cities etc, Grasim said. The company is well positioned across the country to cater to the growth in demand, it added.

The demand for caustic in India is expected to grow with the rising demand from the end user industry, Grasim said. To meet rising demand, caustic capacity is being raised by 2.08 lakh tonnes per annum (TPA) through brownfield expansion at Vilayat (Gujarat) and debottlenecking at other plants, the company said in a statement.

Grasim Industries board of directors at a meeting held yesterday, 11 August 2016, also approved 5-for-1 stock split.

Grasim Industries two main businesses are viscose staple fibre (VSF) and cement.

ABNLs consolidated reported net profit declined 56.79% to Rs 305 crore on 0.18% growth in revenue to Rs 3194 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 11 August 2016. ABNL net profit on like-to-like basis declined 13.1% to Rs 305 crore in Q1 June 2016 over Q1 June 2015 due to reduction of ABNLs share in Idea Cellulars net profit by Rs 148 crore.

For the current financial year (FY 2017), ABNL has planned capex of about Rs 325 crore for its divisions, including Rs 191 crore and Rs 40 crore towards the expansion of linen yarn and VFY capacities respectively. Besides, there will be a capital requirement to the tune of about Rs 750 crore in the financial services businesses and equity requirement of about Rs 150 crore for ABNLs 51% share in the new ventures viz. solar power, payments bank and health insurance, ABNL said in a statement.

ABNL is a business conglomerate. It commands leadership position across its financial services, telecom, linen and manufacturing businesses.

Powered by Capital Market - Live News

Escorts spurts on divestment of auto products business in all cash deal
Aug 11,2016

The announcement was made during market hours today, 11 August 2016.

Meanwhile, the S&P BSE Sensex was up 81.37 points or 0.29% at 27,856.25.

Heavy volumes accompanied the stocks rally. On BSE, so far 27.93 lakh shares were traded in the counter as against average daily volume of 4.13 lakh shares in the past one quarter. The stock hit a high of Rs 311.85 so far during the day, which is a also its record high for the counter. The stock hit a low of Rs 255.20 so far during the day. The stock had hit a 52-week low of Rs 112.70 on 12 February 2016. The stock had outperformed the market over the past one month till 10 August 2016, surging 18.46% compared with 2.39% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rallying 50.27% as against Sensexs 7.77% rise.

The mid-cap company has equity capital of Rs 122.58 crore. Face value per share is Rs 10.

Escorts announced the divestment of its OEM & export business of auto product division to Badve Engineering, Pune in an all cash deal as part of the planned strategic reorientation of the business to focus on core verticals in the agri machinery, construction equipment and railway equipment. The auto products business comprises an extensive product basket catering to OEMs (original equipment manufacturers) and replacement market in India and overseas markets for all vehicle categories including motorcycles, scooters, passenger cars, commercial vehicles, and multi-utility vehicles, Escorts said in a statement.

Dipankar Ghosh, CEO of Escorts Auto Products and Escorts Railways Products said that the transfer of OEM and Export business to Badve Engineering would help Escorts to focus on its core areas.

Escorts net profit jumped 33.5% to Rs 46.96 crore on 9.4% growth in net sales to Rs 1047.35 crore in Q1 June 2016 over Q1 June 2015.

The Escorts Group is among Indias leading engineering conglomerates operating in high growth sectors of agri machinery, construction equipment, railway equipment and auto components.

Powered by Capital Market - Live News

Bank of Baroda extends intraday losses after weak Q1 results
Aug 11,2016

Meanwhile, the BSE Sensex was up 68.99 points, or 0.25% at 27,843.87.

The counter clocked high volumes. On BSE, so far 41.07 lakh shares were traded in the counter, compared with average daily volume of 11.52 lakh shares in the past one quarter. Trading was volatile on the counter. The stock fell 4.55% at the days high of Rs 153 in early trade. The stock fell 9.51% at the days low of Rs 145.05 so far during the day. The stock hit a 52-week high of Rs 216.25 on 18 August 2015. The stock hit a 52-week low of Rs 109.45 on 12 February 2016. The stock had underperformed the market over the past 30 days till 10 August 2016, falling 0.28% compared with 0.12% decline in the Sensex. The scrip had also underperformed the market in past one quarter, rising 1.65% as against Sensexs 7.70% rise.

The large-cap state-run bank has equity capital of Rs 460.83 crore. Face value per share is Rs 2.

Bank of Barodas net profit fell 59.74% to Rs 423.62 crore on 2.99% decline in total income to Rs 11877.91 crore in Q1 June 2016 over Q1 June 2015.

The banks gross non-performing assets (NPAs) stood at Rs 42991.68 crore as on 30 June 2016 as against Rs 40521.04 crore as on 31 March 2016 and Rs 17273.95 crore as on 30 June 2015. The ratio of gross NPAs to gross advances stood at 11.15% as on 30 June 2016 as against 9.99% as on 31 March 2016 and 4.13% as on 30 June 2015. The ratio of net NPAs to net advances stood at 5.73% as on 30 June 2016 as against 5.06% as on 31 March 2016 and 2.07% as on 30 June 2015.

The banks provisions and contingencies (excluding tax provisions) surged 234.16% to Rs 2004.07 crore in Q1 June 2016 over Q1 June 2015. Provision coverage ratio of the bank was at 60.17% as on 30 June 2016.

Government of India holds 59.23% stake in Bank of Baroda (as on 30 June 2016).

Powered by Capital Market - Live News

MM Forgings slumps after weak Q1 outcome
Aug 11,2016

The result was announced during market hours today, 11 August 2016.

Meanwhile, the S&P BSE Sensex was up 85.26 points or 0.31% at 27,860.14.

On BSE, so far 1,274 shares were traded in the counter as against average daily volume of 3,472 shares in the past one quarter. The stock hit a high of Rs 452.50 and a low of Rs 421.50 so far during the day. The stock had hit a 52-week low of Rs 335.60 on 12 February 2016. The stock had hit a 52-week high of Rs 679 on 14 August 2015. The stock had outperformed the market over the past one month till 10 August 2016, surging 6.09% compared with 2.39% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, declining 2.4% as against Sensexs 7.77% rise.

The small-cap company has equity capital of Rs 12.07 crore. Face value per share is Rs 10.

MM Forgings manufactures steel forgings in raw, semi-machined and fully machined stages in various grades of Carbon, Alloy, Micro-Alloy and Stainless Steels in the weight range of 0.20 kilogram (Kg) to 60 Kg.

Powered by Capital Market - Live News

GE Shipping drops after reporting poor Q1 numbers
Aug 11,2016

The result was announced during market hours today, 11 August 2016.

Meanwhile, the S&P BSE Sensex was down 2.54 points or 0.01% at 27,772.34.

On BSE, so far 34,000 shares were traded in the counter as against average daily volume of 26,458 shares in the past one quarter. The stock hit a high of Rs 355 and a low of Rs 337.80 so far during the day. The stock had hit a 52-week low of Rs 275 on 2 March 2016. The stock had hit a 52-week high of Rs 420 on 10 November 2015. The stock had outperformed the market over the past one month till 10 August 2016, surging 10.54% compared with 2.39% rise in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 12.98% as against Sensexs 7.77% rise.

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

Great Eastern Shipping Companys (GE Shipping) earnings before interest, taxation, depreciation and amortization (EBITDA) including other income fell 7.83% to Rs 526.47 crore in Q1 June 2016 over Q1 June 2015. EBITDA margin improved to 58.96% in Q1 June 2016 from 57.14% in Q1 June 2015.

Great Eastern Shipping Company is into the shipping business.

Powered by Capital Market - Live News

VST Industries gains after good Q1 results
Aug 11,2016

The result was announced after market hours yesterday, 10 August 2016.

Meanwhile, the BSE Sensex was down 33.24 points, or 0.12%, to 27,741.64.

On BSE, so far 2,737 shares were traded in the counter, compared with average daily volume of 6,216 shares in the past one quarter. The stock hit a high of Rs 2,078 and a low of Rs 2,040 so far during the day. The stock hit a record high of Rs 2,081 on 1 August 2016. The stock hit a 52-week low of Rs 1,400 on 25 August 2015. The stock had outperformed the market over the past 30 days till 10 August 2016, rising 13.79% compared with 0.12% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 15.76% as against Sensexs 7.70% rise.

The mid-cap company has equity capital of Rs 15.44 crore. Face value per share is Rs 10.

VST Industries principal activities are manufacturing and selling cigarettes and unmanufactured tobacco.

Powered by Capital Market - Live News

Weak Q1 earnings weigh on Camlin Fine Sciences
Aug 11,2016

The result was announced after market hours yesterday, 10 August 2016.

Meanwhile, the S&P BSE Sensex was up 2.09 points or 0.01% at 27,776.97.

On BSE, so far 58,000 shares were traded in the counter as against average daily volume of 31,561 shares in the past one quarter. The stock hit a high of Rs 89 and a low of Rs 84 so far during the day. The stock had hit a 52-week low of Rs 76.10 on 29 February 2016. The stock had hit a 52-week high of Rs 121.40 on 3 November 2015. The stock had underperformed the market over the past one month till 10 August 2016, sliding 6.13% compared with 2.39% rise in the Sensex. The scrip had also underperformed the market in past one quarter, declining 9.7% as against Sensexs 7.77% rise.

The small-cap company has equity capital of Rs 10.32 crore. Face value per share is Rs 1.

Camlin Fine Sciences is a provider of high-quality shelf life extension solutions including antioxidants, aroma ingredients and performance chemicals.

Powered by Capital Market - Live News

Dalmia Bharat Sugar jumps after turnaround Q1 show
Aug 11,2016

The result was announced after market hours yesterday, 10 August 2016.

Meanwhile, the BSE Sensex was down 5.19 points, or 0.02%, to 27,769.69.

On BSE, so far 99,000 shares were traded in the counter, compared with average daily volume of 1.15 lakh shares in the past one quarter. The stock hit a high of Rs 129.75 and a low of Rs 123.85 so far during the day. The stock hit a 52-week high of Rs 168.40 on 2 August 2016. The stock hit a 52-week low of Rs 21 on 25 August 2015. The stock had underperformed the market over the past 30 days till 10 August 2016, sliding 23.56% compared with 0.12% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 21.96% as against Sensexs 7.70% rise.

The small-cap company has equity capital of Rs 16.19 crore. Face value per share is Rs 2.

Dalmia Bharat Sugar & Industries net sales rose 29.3% to Rs 342.51 crore in Q1 June 2016 over Q1 June 2015.

The company said its earnings before interest, taxes, depreciation and amortization (EBITDA) surged 309.52% to Rs 86 crore in Q1 June 2016 over Q1 June 2015. EBITDA surged on account of improved realisations for integrated operations and improved sales volume for distillery. The company has registered 31% increase in sugar realisations coupled with 14% increase in distillery realisations in Q1 June 2016 over Q1 June 2015.

The distillery sales volume increased 67% to 9,008 kiloliters (KL) in Q1 June 2016 over Q1 June 2015 on account of additional sales volumes generated in Q1 June 2016 from Kolhapur, Maharashtra as distillery unit was commissioned at the end of financial year ended March 2016 (FY 2016).

The company said it is focused towards building sustainable business model. The company with a risk mitigating intent diversified into new higher productivity region, Maharashtra, and has developed capabilities by building an efficient operational platform by increasing the share of contribution of Maharashtra to 30% of the total capacity in near term. The company also strengthened its footprints in Uttar Pradesh by enriching recoveries in FY 2016 which was the highest ever reported by the company in its history as well as the highest reported amongst groups in UP. The company said it is committed to optimize cost further and add value to its operations and stakeholders.

Dalmia Bharat Sugar & Industries has cement manufacturing plants in southern states of Tamil Nadu and Andhra Pradesh, with a capacity of 9 million tonnes per annum.

Powered by Capital Market - Live News

Volumes jump at Ratnamani Metals and Tubes counter
Aug 11,2016

Ratnamani Metals and Tubes clocked volume of 9.31 lakh shares by 12:55 IST on BSE, a 1580.34-times surge over two-week average daily volume of 589 shares. The stock rose 3.04% to Rs 543.

Balkrishna Industries notched up volume of 1.74 lakh shares, a 22.39-fold surge over two-week average daily volume of 7,792 shares. The stock rose 1.44% to Rs 734.10.

FAG Bearings India saw volume of 27,000 shares, a 5.93-fold surge over two-week average daily volume of 4,565 shares. The stock rose 0.30% to Rs 3,992.

Tata Communications clocked volume of 5.78 lakh shares, a 5.65-fold surge over two-week average daily volume of 1.02 lakh shares. The stock rose 1.44% to Rs 489.35.

Lincoln Pharmaceuticals saw volume of 6.98 lakh shares, a 5.55-fold rise over two-week average daily volume of 1.26 lakh shares. The stock rose 6.88% to Rs 223.

Powered by Capital Market - Live News

Grasim Industries slips ahead of Q1 results
Aug 11,2016

Meanwhile, the S&P BSE Sensex was up 20.25 points or 0.07% at 27,795.13.

On BSE, so far 25,000 shares were traded in the counter as against average daily volume of 9,365 shares in the past one quarter. The stock hit a high of Rs 4,877.75 and a low of Rs 4,558 so far during the day. The stock had hit a 52-week low of Rs 3,242.05 on 26 February 2016. The stock had hit a record high of Rs 5,348.50 on 5 August 2016. The stock had outperformed the market over the past one month till 10 August 2016, advancing 6.97% compared with 2.39% rise in the Sensex. The scrip had also outperformed the market in past one quarter, surging 15.1% as against Sensexs 7.77% rise.

The large-cap company has equity capital of Rs 93.35 crore. Face value per share is Rs 10.

Shares of Grasim Industries had fallen 6.1% to settle at Rs 4,851.50 yesterday, 10 August 2016 in the wake of recent media reports that Aditya Birla Group is contemplating a merger of Grasim Industries and parts of Aditya Birla Nuvo (ABNL). The merger of Grasim Industries and parts of ABNL is likely to be followed by the hiving-off of the financial services business of ABNL viz. Aditya Birla Financial Services (ABFS) into a separate company, reports suggested. ABFS is currently a 100% subsidiary of ABNL.

However, in its clarification issued during market hours yesterday, 10 August 2016, Grasim Industries said that no such proposal has been considered or approved by its board of directors which would trigger disclosure requirement. The company futher added that shareholders are advised to exercise caution while trading based on speculative reports.

Grasim Industries is set to announce Q1 June 2016 results today, 11 August 2016. On consolidated basis, the companys net profit rose 37.4% to Rs 696.09 crore on 13.7% rise in net sales to Rs 9896.43 crore in Q4 March 2016 over Q4 March 2015.

Grasim Industries two main businesses are viscose staple fibre (VSF) and cement.

Powered by Capital Market - Live News

Yes Bank declines on reports of $1 billion QIP issue plan
Aug 11,2016

Meanwhile, the S&P BSE Sensex was up 97.88 points or 0.35% at 27,872.76.

On BSE, so far 73,000 shares were traded in the counter as against average daily volume of 2.08 lakh shares in the past one quarter. The stock hit a high of Rs 1,268 and a low of Rs 1,237 so far during the day. The stock had hit a 52-week low of Rs 590 on 24 August 2015. The stock had hit a record high of Rs 1,269 on 8 August 2016. The stock had outperformed the market over the past one month till 10 August 2016, surging 13.02% compared with 2.39% rise in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 33.16% as against Sensexs 7.77% rise.

The large-cap bank has equity capital of Rs 421.22 crore. Face value per share is Rs 10.

Media reports suggested that Yes Bank is contemplating a $1 billion share sale to institutional investors through qualified institutional placement (QIP) to support its expansion plans. The issue is expected to be launched within 30 days, reports suggested. It may be recalled that Yes Banks board of directors in April 2016 approved the renewal of its capital raising plan of upto $1 billion through appropriate capital raising modes.

Yes Banks net profit rose 32.8% to Rs 731.80 crore on 25.4% growth in total income to Rs 4762.83 crore in Q1 June 2016 over Q1 June 2015.

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

Powered by Capital Market - Live News

Yes Bank declines on reports of $1 billion QIP plan
Aug 11,2016

Meanwhile, the S&P BSE Sensex was up 97.88 points or 0.35% at 27,872.76.

On BSE, so far 73,000 shares were traded in the counter as against average daily volume of 2.08 lakh shares in the past one quarter. The stock hit a high of Rs 1,268 and a low of Rs 1,237 so far during the day. The stock had hit a 52-week low of Rs 590 on 24 August 2015. The stock had hit a record high of Rs 1,269 on 8 August 2016. The stock had outperformed the market over the past one month till 10 August 2016, surging 13.02% compared with 2.39% rise in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 33.16% as against Sensexs 7.77% rise.

The large-cap bank has equity capital of Rs 421.22 crore. Face value per share is Rs 10.

Media reports suggested that Yes Bank is contemplating a $1 billion share sale to institutional investors through qualified institutional placement (QIP) to support its expansion plans. The issue is expected to be launched within 30 days, reports suggested. It may be recalled that Yes Banks board of directors in April 2016 approved the renewal of its capital raising plan of upto $1 billion through appropriate capital raising modes.

Yes Banks net profit rose 32.8% to Rs 731.80 crore on 25.4% growth in total income to Rs 4762.83 crore in Q1 June 2016 over Q1 June 2015.

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

Powered by Capital Market - Live News