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NBCC (India) soars about 37% in 7 trading sessions
Jul 12,2016

Meanwhile, the BSE Sensex was up 107.84 points, or 0.39%, to 27,734.53.

On BSE, so far 16.74 lakh shares were traded in the counter, compared with an average volume of 87,466 shares in the past one quarter. The stock hit a high of Rs 263.40 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 229.95 so far during the day. The stock hit a 52-week low of Rs 162 on 25 August 2015. The stock had outperformed the market over the past one month till 11 July 2016, rising 22.15% compared with 3.72% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 17.90% as against Sensexs 10.41% rise.

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

Shares of NBCC (India) have risen 36.71% from its recent close of Rs 190.70 on 30 June 2016.

NBCC (India) announced after market hours on Tuesday, 5 July 2016, that it secured a total business of about Rs 587.47 crore in June 2016. Indias stock market was shut on Wednesday, 6 July 2016, on account of Id-Ul-Fitr (Ramzan Id). The stock surged 10.47% to Rs 215.30 on Thursday, 7 July 2016.

On a consolidated basis, net profit of NBCC (India) rose 5.87% to Rs 141.48 crore on 38.80% rise in net sales to Rs 2251.14 crore in Q4 March 2016 over Q4 March 2015.

NBCC (India), formerly known as National Buildings Construction Corporation, 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 31 March 2016).

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IndusInd Bank inches up after opening banking unit in Gujarat
Jul 12,2016

The announcement was made during market hours today, 12 July 2016.

Meanwhile, the S&P BSE Sensex was up 78.61 points or 0.28% at 27,705.30.

On BSE, so far 62,000 shares were traded in the counter as against average daily volume of 82,906 shares in the past one quarter. The stock was volatile. The stock rose as much as 1.53% at the days high of Rs 1,141.15 so far during the day. The stock lost as much as 0.07% at the days low of Rs 1,123.10 so far during the day. The stock had hit a record high of Rs 1,147.50 yesterday, 11 July 2016. The stock had hit a 52-week low of Rs 799 on 11 February 2016. The stock had underperformed the market over the past one month till 11 July 2016, gaining 1% compared with Sensexs 3.72% rise. The scrip had, however, outperformed the market in past one quarter, advancing 17.04% as against Sensexs 10.41% rise.

The large-cap bank has equity capital of Rs 595.87 crore. Face value per share is Rs 10.

IndusInd Banks International Banking Unit (IBU) will provide the bank access to international financial markets and will allow IndusInd to deliver a complete range of products to its clients with foreign currency funding requirements. The bank will now be able to actively offer products such as external commercial borrowings to its customers, an area where it had limited capabilities hitherto.

IndusInd Banks net profit rose 25.96% to Rs 661.38 crore on 22.36% growth in total income to Rs 4264.66 crore in Q1 June 2016 over Q1 June 2015. The result was announced during trading hours yesterday, 11 July 2016.

IndusInd Bank is a leading private sector bank in India.

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Eveready Industries gains after block deal
Jul 12,2016

Meanwhile, the BSE Sensex was up 77.33 points, or 0.28%, to 27,704.02.

On BSE, so far 2.25 lakh shares were traded in the counter, compared with an average volume of 40,337 shares in the past one quarter. The stock hit a high of Rs 281 and a low of Rs 276.50 so far during the day. The stock hit a record high of Rs 374.90 on 17 July 2015. The stock hit a 52-week low of Rs 192.30 on 12 February 2016. The stock had outperformed the market over the past one month till 11 July 2016, rising 11.47% compared with 3.72% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 15.52% as against Sensexs 10.41% rise.

The small-cap company has an equity capital of Rs 36.34 crore. Face value per share is Rs 5.

Net profit of Eveready Industries India declined 26.61% to Rs 4 crore on 3.06% rise in net sales to Rs 283.17 crore in Q4 March 2016 over Q4 March 2015.

Eveready is the market leader of dry cell batteries. Apart from dry cell batteries, Eveready is also the market leader in flashlights. Eveready also markets LED, CFL, GLS lamps & other lighting products and rechargeable lanterns & devices, and packet tea.

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Opto Circuits jumps as arm launches therapy for dialysis patients
Jul 12,2016

The announcement was made during market hours today, 12 July 2016.

Meanwhile, the S&P BSE Sensex was up 118.84 points or 0.43% at 27,745.53.

The stock surged on increased volumes. On BSE, so far 20.51 lakh shares were traded in the counter as against average daily volume of 8.14 lakh shares in the past one quarter. The stock hit a high of Rs 12.49 and a low of Rs 11.85 so far during the day. The stock had hit a 52-week high of Rs 22.80 on 7 August 2015. The stock had hit a 52-week low of Rs 8.12 on 12 February 2016. The stock had outperformed the market over the past one month till 11 July 2016, surging 26.31% compared with Sensexs 3.72% rise. The scrip had also outperformed the market in past one quarter, advancing 18.3% as against Sensexs 10.41% rise.

The small-cap company has equity capital of Rs 242.32 crore. Face value per share is Rs 10.

Opto Circuits (India) said that its wholly owned subsidiary Eurocor Gmbh has launched coated shunt balloon catheter used for dialysis patients which reduces re-intervention and preserves future treatment options.

On consolidated basis, Opto Circuits (India) reported net loss of Rs 32.78 crore in Q4 March 2016, higher than net loss of Rs 1.08 crore in Q4 March 2015. Net sales declined 89.7% to Rs 29.39 crore in Q4 March 2016 over Q4 March 2015.

Opto Circuits (India) is a vertically integrated multinational medical technology company that specializes in primary, acute and critical care products for the global markets.

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Rico Auto gains on capacity expansion plan
Jul 12,2016

The announcement was made after market hours yesterday, 11 July 2016.

Meanwhile, the S&P BSE Sensex was up 98.56 points or 0.36% at 27,725.25.

On BSE, so far 4.99 lakh shares were traded in the counter as against average daily volume of 1.25 lakh shares in the past one quarter. The stock hit a high of Rs 45.10 and a low of Rs 43 so far during the day. The stock had hit a 52-week high of Rs 63.90 on 10 August 2015. The stock had hit a 52-week low of Rs 27.70 on 29 February 2016. The stock had outperformed the market over the past one month till 11 July 2016, surging 18.81% compared with Sensexs 3.72% rise. The scrip had also outperformed the market in past one quarter, advancing 10.82% as against Sensexs 10.41% rise.

The small-cap company has equity capital of Rs 13.53 crore. Face value per share is Rs 1.

Rico Auto said that the factory premises is being built on a plot of 11.3 acres. Latest manufacturing technology would be implemented in the new facility. The company is hopeful to start commercial production at the new plant by the next financial year.

On consolidated basis, Rico Auto Industries reported net profit of Rs 6.98 crore in Q4 March 2016 compared with net loss of Rs 7.18 crore in Q4 March 2015. Net sales rose 9.1% to Rs 247.14 crore in Q4 March 2016 over Q4 March 2015.

Rico Auto Industries supplies a wide range of high precision fully machined aluminum and ferrous components and assemblies to automotive original equipment manufacturers (OEMs) across the globe.

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Suven Life Sciences gains after securing 2 patents
Jul 12,2016

Meanwhile, the BSE Sensex was up 99 points, or 0.36%, to 27,725.69.

On BSE, so far 1.40 lakh shares were traded in the counter, compared with an average volume of 52,679 shares in the past one quarter. The stock hit a high of Rs 212.10 and a low of Rs 203 so far during the day. The stock hit a 52-week high of Rs 308.70 on 5 October 2015. The stock hit a 52-week low of Rs 144.35 on 19 February 2016. The stock had underperformed the market over the past one month till 11 July 2016, sliding 2.34% compared with 3.72% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 0.07% as against Sensexs 10.41% rise.

The small-cap company has an equity capital of Rs 12.73 crore. Face value per share is Re 1.

Suven Life Sciences (Suven) announced the grant of one product patent from India (272835) and one product patent from South Africa (2014/09244) corresponding to the New Chemical Entities (NCEs) for the treatment of disorders associated with Neurodegenerative diseases. These patents are valid through 2028 and 2032 respectively.

The granted claims of the patents are from the mechanism of action include the class of selective 5-HT6 compounds and H3 Inverse agonist compounds and are being developed as therapeutic agents and are useful in the treatment of cognitive impairment associated with neurodegenerative disorders like Alzheimers disease, Attention deficient hyperactivity disorder (ADHD), Huntingtons disease, Major Depressive disorder (MDD), Parkinson and Schizophrenia.

With these new patents, Suven has a total of 18 granted patents from India and 23 granted patents from South Africa. These granted patents are exclusive intellectual property of Suven and are achieved through the internal discovery research efforts. Products out of these inventions may be out-licensed at various phases of clinical development like at Phase-I or Phase-II.

Suven Life Sciences net profit rose 90.5% to Rs 32.29 crore on 53% rise in net sales to Rs 169.28 crore in Q4 March 2016 over Q4 March 2015.

Suven Life Sciences is a clinical stage biopharmaceutical company developing novel medicines to treat life-threatening Central Nervous System (CNS) disorders.

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Hindalco Inds surges after better-than-expected Q2 results from Alcoa
Jul 12,2016

Meanwhile, the S&P BSE Sensex was up 74.49 points or 0.27% at 27,701.18.

On BSE, so far 13.15 lakh shares were traded in the counter as against average daily volume of 13.63 lakh shares in the past one quarter. The stock hit a high of Rs 136.15 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 130 so far during the day. The stock had hit a 52-week low of Rs 58.85 on 12 February 2016. The stock had outperformed the market over the past one month till 11 July 2016, surging 12.02% compared with Sensexs 3.72% rise. The scrip had also outperformed the market in past one quarter, advancing 39.74% as against Sensexs 10.41% rise.

The large-cap company has equity capital of Rs 206.50 crore. Face value per share is Rs 1.

Alcoas consolidated net profit fell 3.57% to $135 million on 10% decline in revenue to $5.3 billion in Q2 June 2016 over Q2 June 2015. Alcoa attributed the decline in top line during the quarter to lower aluminum and alumina pricing and the impact of curtailed, divested and closed operations.

Hindalco Industries US subsidiary Novelis is in the similar line of business as Alcoa.

Hindalco Industries net profit rose 123.4% to Rs 356.33 crore on 7.3% decline in net sales to Rs 8542.66 crore in Q4 March 2016 over Q4 March 2015.

A part of the Aditya Birla Group, Hindalco Industries is the worlds largest aluminium rolling company and one of the biggest producers of primary aluminium in Asia. Its copper smelter is amongst the largest single location custom smelter globally.

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Maruti Suzuki gains on weakness in Japanese yen
Jul 12,2016

Meanwhile, the BSE Sensex was up 66.70 points, or 0.24%, to 27,693.39.

On BSE, so far 21,000 shares were traded in the counter, compared with an average volume of 76,936 shares in the past one quarter. The stock hit a high of Rs 4,343 and a low of Rs 4,273 so far during the day. The stock hit a 52-week high of Rs 4,789 on 23 November 2015. The stock hit a 52-week low of Rs 3,202.10 on 29 February 2016. The stock had outperformed the market over the past one month till 11 July 2016, rising 3.77% compared with 3.72% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 22.84% as against Sensexs 10.41% rise.

The large-cap company has an equity capital of Rs 151.04 crore. Face value per share is Rs 5.

A weak yen is expected to boost operating margins for Maruti Suzuki India. Maruti pays royalty to its Japanese parent Suzuki Motor Corporation in yen terms for some of its earlier models. Maruti has reportedly started paying royalty to its Japanese parent in rupee terms on all new models from 1 April 2016. Maruti also has an exposure to the yen to the extent it imports raw materials from Japan.

Maruti Suzuki Indias domestic sales dropped 10.2% to 92,133 units in June 2016 over June 2015. Exports slumped 44.7% to 6,707 units in June 2016 over June 2015.

Maruti Suzuki Indias net profit declined 11.7% to Rs 1133.60 crore on 12.5% growth in net sales to Rs 14929.50 crore in Q4 March 2016 over Q4 March 2015.

Maruti Suzuki India is Indias biggest car maker in terms of market share. Japanese parent Suzuki Motor Corporation currently holds 56.21% stake in Maruti (as per the shareholding pattern as on 31 March 2016).

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Igarashi Motors declines as OFS floor price fixed at discount to ruling market price
Jul 12,2016

Meanwhile, the S&P BSE Sensex was up 66.79 points or 0.24% at 27,693.48.

On BSE, so far 18,000 shares were traded in the counter as against average daily volume of 10,223 shares in the past one quarter. The stock hit a high of Rs 704 and a low of Rs 680 so far during the day. The stock had hit a 52-week low of Rs 372 on 1 March 2016. The stock had hit a record high of Rs 774 on 5 August 2015. The stock had outperformed the market over the past one month till 11 July 2016, surging 8.72% compared with Sensexs 3.72% rise. The scrip had also outperformed the market in past one quarter, advancing 16.82% as against Sensexs 10.41% rise.

The small-cap company has equity capital of Rs 30.61 crore. Face value per share is Rs 10.

Igarashi Motors Indias promoter P. Mukund is selling 33.20 lakh equity shares, representing 10.35% of the equity share capital of the company, through Offer for Sale (OFS) via the stock exchanges mechanism. The floor price for the OFS was fixed at Rs 650 per share. The floor price is at a discount of 7.34% to the stocks closing price of Rs 701.50 on BSE yesterday, 11 July 2016.

As at 10:25 IST, the OFS received bids for a total of 44,335 shares from non-retail investors as against 29.88 lakh shares on offer for this category of investors.

Bidding for the shares in the OFS by non-retail investors takes place in a single trading session today, 12 July 2016. However, those non-retail investors who have placed their bids today, 12 July 2016 and have chosen to carry forward their bids to tomorrow, 13 July 2016, will be allowed to revise their bids tomorrow, 13 July 2016. Bidding by retail investors will take place in a single trading session tomorrow, 13 July 2016.

P. Mukund held 32.6% stake in Igarashi Motors India (as per the shareholding pattern as on 31 March 2016).

Igarashi Motors Indias net profit rose 8.9% to Rs 18.55 crore on 24.3% growth in net sales to Rs 126.63 crore in Q4 March 2016 over Q4 March 2015.

Igarashi Motors India manufactures automobile parts. The company specializes in the design and manufacture of small, permanent magnet DC motors and gear motors.

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Quess Corp sees strong debut
Jul 12,2016

The stock debuted at Rs 499, a premium of 57.41% to the initial public offer (IPO) price. So far the stock hit a high of Rs 507 and low of Rs 480.05. On BSE, 17.01 lakh shares were traded on the counter.

Quess Corp had priced its initial public offer (IPO) at Rs 317 per share -- the top end of the Rs 310 to Rs 317 per share price band for the issue.

The IPO closed on 1 July 2016 with strong response from investors. The issue received bids for a total of 102.54 crore shares on the last day of bidding for the IPO on Friday, 1 July 2016, as per data from the National Stock Exchange (NSE) website. The IPO was subscribed 144.50 times. The qualified institutional buyers (QIBs) category was subscribed 59.03 times. The non-institutional investors category was subscribed 392.21 times. The retail individual investors (RIIs) category was subscribed 34.08 times.

The company had raised Rs 180 crore by selling 56.78 lakh shares to a total of 15 anchor investors ahead of the opening of the IPO. The shares were allotted to the anchor investors at Rs 317 per share, the top end of the Rs 310 to Rs 317 per share price band for the IPO. Among the anchor investors, Morgan Stanley Mauritius Company was allotted 12.61 lakh shares. Other investors include, Kuwait Investment Authority Fund, ICICI Prudential Midcap Fund, HDFC Mutual Fund, Reliance Mutual Fund, FIL Investments (Mauritius) and SBI Mutual Fund, among others.

The proceeds from the IPO will be used for funding expansion of business, potential acquisition opportunities, for repayment of loan from the Bank of Nova Scotia and for meeting working capital requirements. Quess Corp provides comprehensive solutions including recruitment, temporary staffing, technology staffing, IT products and solutions, skill development, payroll, compliance management, integrated facility management and industrial asset management services.

Based on consolidated financial performance, Quess Corp registered net profit of Rs 88.52 crore on revenue from operations of Rs 3435.01 crore for the year ended 31 March 2016.

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Greaves Cotton gains after foraying into multi-brand spares business
Jul 12,2016

The announcement was made during trading hours today, 12 July 2016.

Meanwhile, the BSE Sensex was up 57.43 points, or 0.21%, to 27,684.12.

On BSE, so far 46,000 shares were traded in the counter, compared with an average volume of 22,331 shares in the past one quarter. The stock hit a high of Rs 145 and a low of Rs 141.10 so far during the day. The stock hit a record high of Rs 162.40 on 20 November 2015. The stock hit a 52-week low of Rs 114.20 on 29 February 2016. The stock was flat in the past one month till 11 July 2016, underperforming the Sensexs 3.72% rise during that period. The scrip had also underperformed the market in past one quarter, rising 8.82% as against Sensexs 10.41% rise.

The mid-cap company has an equity capital of Rs 48.84 crore. Face value per share is Rs 2.

Greaves Cotton announced its foray into multi-brand spares business, an extension to its after-market services. The engineering major, with a strong presence in the after-market services with a network of over 3,000 outlets spread across the country, will provide a complete range of multi-brand spares across categories like engine, transmission, electrical, rubber parts, lubricants and body parts.

The company, will initially, offer fast-moving vehicle and engine spare parts through its strong retail network. This will be in addition to generic parts. In the next phase even relatively slow- moving parts will also be offered to customers thus becoming a one-stop-shop for most parts requirements irrespective of the brand of 3-wheeler passenger and commercial vehicles. The company said it will be the first to offer spares across all categories in three wheeler segment.

Sunil Pahilajani, the companys MD & CEO said that there is a vast untapped potential in the after-market space. To begin with, the company has tied up with more than 40 vendors for the supply of various spares. With its strong and increasing network across the country, the company is in a position to provide one-stop solution to its customers. The company has a strong distribution channel and service network which can be utilised to serve customers of other brands. All other brands are not doing enough in this space and the company believes there is an opportunity to create value, he added.

Greaves Cotton will be using its manufacturing facility and sourcing capability to produce and source vehicle and engine parts. The company further plans to increase its footprint by adding an additional 1500 outlets in the coming three to five years.

Currently, the size of the spare part markets in India is Rs 3500 crore in the space that Greaves Cotton is addressing.

Greaves Cottons net profit rose 47.8% to Rs 42.74 crore on 3% rise in net sales to Rs 403.83 crore in Q4 March 2016 over Q4 March 2015.

Greaves Cotton is one of the leading engineering companies in India with core competencies in diesel/petrol engines, farm equipment and gensets. The company sustains its leadership through seven manufacturing units which produces world class products backed by superior R&D, comprehensive marketing and service/parts network.

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Birla Corp moves higher as Reliance MF purchases bulk shares
Jul 12,2016

Meanwhile, the S&P BSE Sensex was up 55.49 points or 0.2% at 27,682.18.

On BSE, so far 8,326 shares were traded in the counter as against average daily volume of 35,817 shares in the past one quarter. The stock hit a high of Rs 559.40 and a low of Rs 550.80 so far during the day. The stock had hit a 52-week high of Rs 571.90 on 30 June 2016. The stock had hit a 52-week low of Rs 322 on 26 February 2016. The stock had outperformed the market over the past one month till 11 July 2016, surging 29.79% compared with Sensexs 3.72% rise. The scrip had also outperformed the market in past one quarter, advancing 36.77% as against Sensexs 10.41% rise.

The mid-cap company has equity capital of Rs 77.01 crore. Face value per share is Rs 10.

HDFC Mutual Fund A/C HDFC Prudence Fund sold 8.57 lakh shares of Birla Corporation at Rs 542.02 per share on the BSE yesterday, 11 July 2016.

Birla Corporations net profit surged 306.4% to Rs 115.66 crore on 9.4% growth in net sales to Rs 856.05 crore in Q4 March 2016 over Q4 March 2015.

Birla Corporation is engaged in the manufacturing of cement, jute goods, polyvinyl chloride floor covering goods, auto trim parts and, iron and steel castings.

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Shriram EPC spurts on plan to convert debt into equity
Jul 12,2016

Meanwhile, the BSE Sensex was up 87.05 points, or 0.32%, to 27,713.74.

On BSE, so far 1.65 lakh shares were traded in the counter, compared with an average volume of 10,373 shares in the past one quarter. The stock hit a high of Rs 29.60 and a low of Rs 27.50 so far during the day. The stock hit a 52-week high of Rs 39.60 on 11 August 2015. The stock hit a record low of Rs 19 on 8 June 2016. The stock had outperformed the market over the past one month till 11 July 2016, rising 7.17% compared with 3.72% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 2.50% as against Sensexs 10.41% rise.

The small-cap company has an equity capital of Rs 330.63 crore. Face value per share is Rs 10.

Shriram EPC said that its board approved conversion of the working capital term loan of the corporate debt restructuring (CDR) lenders into equity shares of the company to the maximum extent of Rs 1280 crore, subject to the shareholders and other regulatory approvals, at a price to be determined as per regulations. The board also approved preferential issue to the holding company, SVL, (erstwhile Shriram Industrial Holdings) of Rs 265 crore, subject to shareholders and other regulatory approvals, at a price to be determined as per regulations.

Shriram EPC reported net loss of Rs 198.28 crore in Q4 March 2016, higher than net loss of Rs 90.73 crore in Q4 March 2015. Net sales declined 9.8% to Rs 139.72 crore in Q4 March 2016 over Q4 March 2015.

Shriram EPC offers design, engineering, procurement, construction and project management services for power plants.

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Coal India drops after buyback announcement
Jul 12,2016

The announcement was made after market hours yesterday, 11 July 2016.

Meanwhile, the S&P BSE Sensex was up 82.99 points or 0.3% at 27,709.68.

On BSE, so far 1.24 lakh shares were traded in the counter as against average daily volume of 3.73 lakh shares in the past two weeks. The stock hit a high of Rs 322 and a low of Rs 313.50 so far during the day. The stock had hit a 52-week low of Rs 272.05 on 12 April 2016. The stock had hit a record high of Rs 447.25 on 5 August 2015.

The large-cap company has equity capital of Rs 6316.36 crore. Face value per share is Rs 10.

Coal India announced that its board of directors at a meeting held yesterday, 11 July 2016, approved the buyback of equity shares not exceeding 10.89 crore shares of the company, from all the shareholders holding equity shares of the company as on record date on a proportionate basis through the tender offer route. The buyback price was fixed at Rs 335 per share payable in cash for an aggregate consideration not exceeding Rs 3650 crore which is not exceeding 25% of the aggregate fully paid up share capital and free reserves of the company as per audited accounts of the company for the financial year ended 31 March 2016.

Coal Indias consolidated net profit rose 0.2% to Rs 4247.93 crore on 0.1% decline in net sales to Rs 20759.45 crore in Q4 March 2016 over Q4 March 2015.

State-run Coal India is Indias biggest coal miner. The Government of India currently holds 79.65% stake in Coal India (as per the shareholding pattern as on 31 March 2016).

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IndusInd Bank hits record high after announcing strong Q1 results
Jul 11,2016

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

Meanwhile, the S&P BSE Sensex was up 495.16 points or 1.83% at 27,622.06.

On BSE, so far 3.27 lakh shares were traded in the counter as against average daily volume of 77,432 shares in the past one quarter. The stock rose as much as 1.84% at the days high of Rs 1,147.50 so far during the day, which is a record high for the counter. The stock lost as much as 1% at the days low of Rs 1,115.50 so far during the day. The stock had hit a 52-week low of Rs 799 on 11 February 2016. The stock had outperformed the market over the past one month till 8 July 2016, gaining 1.17% compared with Sensexs 0.39% rise. The scrip had also outperformed the market in past one quarter, advancing 20.17% as against Sensexs 9.94% rise.

The large-cap bank has equity capital of Rs 595.87 crore. Face value per share is Rs 10.

IndusInd Banks gross non-performing assets (NPA) stood at Rs 860.64 crore as on 30 June 2016 compared with Rs 776.82 crore as on 31 March 2016 and Rs 570.12 crore as on 30 June 2015. The ratio of gross NPA to gross advances stood at 0.91% as on 30 June 2016 compared with 0.87% as on 31 March 2016 and 0.79% as on 30 June 2015. The ratio of net NPA to net advances stood at 0.38% as on 30 June 2016 as against 0.36% as on 31 March 2016 and 0.31% as on 30 June 2015.

The banks provisions and contingencies rose 86.87% to Rs 230.47 crore in Q1 June 2016 over Q1 June 2015.

IndusInd Bank is a leading private sector bank in India.

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