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Marksans Pharma leads gainers on BSEs A group
May 10,2017

Marksans Pharma rose 13.81% at Rs 54.80. The stock topped the gainers in A group. On the BSE, 32.21 lakh shares were traded on the counter so far as against the average daily volumes of 4.74 lakh shares in the past two weeks.

Gujarat Mineral Development Corporation (GMDC) rose 7.33% at Rs 134.65. The stock was the second biggest gainer in A group. On the BSE, 10.84 lakh shares were traded on the counter so far as against the average daily volumes of 46,000 shares in the past two weeks.

Escorts rose 7.04% at Rs 642. The stock was the third biggest gainer in A group. On the BSE, 9.69 lakh shares were traded on the counter so far as against the average daily volumes of 2.19 lakh shares in the past two weeks.

CG Power and Industrial Solutions rose 5.33% at Rs 87.95. The stock was the fourth biggest gainer in A group. On the BSE, 12.38 lakh shares were traded on the counter so far as against the average daily volumes of 3.29 lakh shares in the past two weeks.

Bharti Airtel rose 4.80% at Rs 362.10. The stock was the fifth biggest gainer in A group. On the BSE, 7.57 lakh shares were traded on the counter so far as against the average daily volumes of 1.16 lakh shares in the past two weeks.

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Bitter pill for AstraZeneca Pharma after reverse turnaround in Q4
May 10,2017

The result was announced after market hours yesterday, 9 May 2017.

Meanwhile, the S&P BSE Sensex was up 263.29 points, or 0.88%, to 30,196.54. The S&P BSE Small-Cap index was up 130.87 points, or 0.84% to 15,675.50

On the BSE, 7,662 shares were traded on the counter so far as against the average daily volumes of 6,031 shares in the past one quarter. The stock had hit a high of Rs 968 and a low of Rs 945 so far during the day. The stock had hit a 52-week high of Rs 1,151 on 9 May 2016 and a 52-week low of Rs 909 on 1 March 2017.

The stock had outperformed the market over the past one month till 9 May 2017, rising 2.76% compared with 1.21% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, gaining 5.09% as against Sensexs 5.81% rise.

The small-cap company has equity capital of Rs 5 crore. Face value per share is Rs 2.

AstraZeneca Pharma Indias total income dropped 26.66% to Rs 118.01 crore in Q4 March 2017 over Q4 March 2016.

AstraZeneca Pharma India is engaged in the development and commercialization of medicines for core areas of healthcare, including cardiovascular/metabolic disease, cancer and respiratory, inflammatory and autoimmune disease. AstraZeneca Pharmaceuticals AB holds 75% stake in AstraZeneca Pharma India (as per the shareholding pattern as on 31 March 2017).

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Premco Global consolidated net profit declines 59.24% in the March 2017 quarter
May 10,2017

Net profit of Premco Global declined 59.24% to Rs 1.39 crore in the quarter ended March 2017 as against Rs 3.41 crore during the previous quarter ended March 2016. Sales rose 7.22% to Rs 15.74 crore in the quarter ended March 2017 as against Rs 14.68 crore during the previous quarter ended March 2016.

For the full year,net profit declined 33.99% to Rs 8.33 crore in the year ended March 2017 as against Rs 12.62 crore during the previous year ended March 2016. Sales rose 1.93% to Rs 71.47 crore in the year ended March 2017 as against Rs 70.12 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales15.7414.68 7 71.4770.12 2 OPM %26.8739.37 -23.8728.65 - PBDT3.206.11 -48 16.2721.68 -25 PBT2.435.53 -56 13.3319.47 -32 NP1.393.41 -59 8.3312.62 -34

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Alembic consolidated net profit rises 21.98% in the March 2017 quarter
May 10,2017

Net profit of Alembic rose 21.98% to Rs 30.24 crore in the quarter ended March 2017 as against Rs 24.79 crore during the previous quarter ended March 2016. Sales rose 18.80% to Rs 32.92 crore in the quarter ended March 2017 as against Rs 27.71 crore during the previous quarter ended March 2016.

For the full year,net profit declined 38.00% to Rs 145.39 crore in the year ended March 2017 as against Rs 234.51 crore during the previous year ended March 2016. Sales rose 7.59% to Rs 144.26 crore in the year ended March 2017 as against Rs 134.08 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales32.9227.71 19 144.26134.08 8 OPM %4.80-5.95 -4.664.56 - PBDT4.580.57 704 37.5334.69 8 PBT3.31-1.82 LP 32.4428.55 14 NP30.2424.79 22 145.39234.51 -38

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Tata Motors announces Group global wholesale figures
May 10,2017

Tata Motors Group global wholesales in April 2017, including Jaguar LandRover, were at 73,691 nos., lower by 4%, over April 2016.

Global wholesales of all Tata Motors commercial vehicles and Tata Daewoo range in April 2017 were at 18,844 nos., lower by 36%, over April 2016.

Global wholesales of all passenger vehicles in April 2017 were at 54,847 nos., higher by 16%, compared to April 2016.

Global wholesales for Jaguar Land Rover were 41,923 vehicles. Jaguar wholesales for the month were 12,608 vehicles, while Land Roverwholesales for the month were 29,315 vehicles.

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Board of Rajoo Engineers approves preferential issue of convertible warrants
May 10,2017

Rajoo Engineers announced that the Board of Directors of the Company at its meeting held on 10 May 2017 approved Preferential offer and Issue of up to 35,00,000 (Thirty Five Lakhs) Warrants convertible to Equity Shares of Re. 1/- each to Promoters and Individuals other than Promoters and Promoters Group subject to the approval of the Members of the Company in General Meeting by way of Special Resolution as required to be passed under Section 42 and Section 62 of the Companies Act, 2013 and other necessary regulatory approvals. The Warrants will be issued at a price not lower than the price arrived at as per the Provisions of Chapter VII of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 as amended and on such further terms and conditions specified in the said Regulations.

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Marksans Pharmas Goa plant gets approved by UK MHRA
May 10,2017

Marksans Pharma announced that the Companys plant in Goa has been approved by UK MHRA. The plant was inspected by UK MHRA from 14 February 2017 to 17 February 2017.

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Flop show for Shemaroo Entertainment after poor Q4 result
May 10,2017

The result was announced after market hours yesterday, 9 May 2017.

Meanwhile, the S&P BSE Sensex was up 228.69 points, or 0.76% to 30,161.94. The S&P BSE Small-Cap index was up 117.11 points, or 0.75% to 15,661.74

On BSE, so far 38,000 shares were traded in the counter, compared with an average volume of 10,174 shares in the past one quarter. The stock hit a high of Rs 390.10 and a low of Rs 349.05 so far during the day. The stock hit a record high of Rs 439.45 on 23 January 2017. The stock hit a 52-week low of Rs 294 on 29 September 2016.

The stock had underperformed the market over the past one month till 9 May 2017, rising 0.1% compared with 1.21% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, falling 4.1% as against Sensexs 5.81% rise.

The small-cap company has an equity capital of Rs 27.18 crore. Face value per share is Rs 10.

Shemaroo Entertainments EBITDA (earnings before interest, taxes, depreciation and amortization) decreased by 4.6% to Rs 32.36 crore in Q4 March 2017 over Q4 March 2016. EBITDA margin stood at 32.6% in Q4 March 2017 as against 33% in Q4 March 2016.

Hiren Gada, Wholetime Director and CFO, Shemaroo Entertainment said that the Q4 March 2017 traditional media business was affected due to ad slowdown post demonetization. The companys focus on digital media business has continued to yield positive results and it continues to strengthen the growth trajectory by adding quality content to library.

Shemaroo Entertainment is an established filmed entertainment Content House in the country, active in Content Ownership, Creation, Aggregation and Distribution with a large content library of over 3,400 titles. Shemaroo is engaged in the distribution of content for satellite channels, physical formats and emerging digital technologies like the Mobile, Internet, Broadband, IPTV and DTH among others.

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Blue Star chills after strong Q4 outcome
May 10,2017

The result was announced after market hours yesterday, 9 May 2017.

Meanwhile, the S&P BSE Sensex was up 252.21 points or 0.84% at 30,185.46. The S&P BSE Mid-Cap index was up 133.72 points or 0.9% at 14,954.85

On BSE, so far 14,000 shares were traded in the counter as against average daily volume of 19,301 shares in the past one quarter. The stock hit a high of Rs 722.60 and a low of Rs 706 so far during the day. The stock had hit a record high of Rs 723.95 on 5 April 2017. The stock had hit a 52-week low of Rs 407.65 on 24 June 2016.

The stock had outperformed the market over the past one month till 9 May 2017, rising 5.47% compared with 1.21% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 29.65% as against Sensexs 5.81% rise.

The mid-cap company has equity capital of Rs 19.11 crore. Face value per share is Rs 2.

Blue Stars consolidated net profit rose 17.44% to Rs 123.05 crore on 15.53% growth in net sales to Rs 4,387.73 crore in the year ended 31 March 2017 (FY 2017) over FY 2016. Blue Star said that consequent to the corporate restructuring implemented in FY 2016, previous years numbers have been restated wherever required under IND AS and also to give effect to the restructuring. Therefore, the FY 2017 performance is not directly comparable with the previous years numbers.

The companys consolidated total operating income rose 22% to Rs 4424.72 crore for FY 2017 over FY 2016 (excluding BSILs operating income of Rs 205.09 crore). Operating Profit (PBIDTA excluding other non operating income) rose 20% Rs 256.99 crore in FY 2017 over FY 2016 (excluding BSILs PBIDTA of Rs 31.16 crores).

Other income (including finance income) rose 45.97% to Rs 34.58 crores in FY 2017 over FY 2016 (excluding BSILs other income of Rs 5.98 crore) mainly on account of higher interest on income tax refunds and net forex gain. There were no exceptional items during FY 2017 as compared to an exceptional expense of Rs 11.89 crore in FY 2016.

Carry forward order book as on 31 March 2017 grew by 21% to Rs 1940 crore in FY 2017 over FY 2016.

In its outlook, Blue Star said that while the electro-mechanical projects business continues to be adversely affected due to the slowdown in commercial construction, government-funded infrastructure projects have been witnessing some growth resulting in some traction in this segment. The unitary products business has been performing impressively driven by the companys strong brand equity and enhanced distribution footprint. Given the early onset of summer and the forecast of a normal monsoon coupled with addition of new product lines such as water purifiers and air purifiers, the prospects of this business look promising. Overall, the company is confident of sustaining its growth momentum in FY 2018 as well.

Blue Star is Indias leading central airconditioning company. The company fulfils the airconditioning needs of a large number of corporate, commercial and residential customers and has also established leadership in the field of commercial refrigeration.

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Fertiliser shares in demand
May 10,2017

Chambal Fertilisers & Chemicals (up 10.05%), Rashtriya Chemicals and Fertilisers (up 7.83%), Fertilisers & Chemicals Travancore (up 5.41%), National Fertilizers (up 2.63%), Zuari Global (up 2.30%), Coromandel International (up 2.14%), Tata Chemicals (up 2.09%), Gujarat State Fertilizers & Chemicals (up 2.02%) and Deepak Fertilisers & Petrochemicals Corporation (up 0.67%), edged higher.

The S&P BSE Sensex was up 229.94 points, or 0.77% at 30,163.19.

India looks likely to receive above average monsoon rainfall as concern over the El Nino weather condition has eased in the past few weeks, India Meteorological Department (IMD) Director General KJ Ramesh was quoted by the media yesterday, 9 May 2017, raising prospects of higher farm and economic growth.

The IMD on 18 April 2017 forecast this years monsoon rains at 96% of a 50-year average of 89 cm. El Nino is a phenomenon associated with warming of ocean surface temperatures in the eastern and central Pacific that typically occurs every few years.

However, Ramesh reportedly denied the possibility that monsoon would be above normal this year. Anything between 96% and 104% of the long period average (LPA) is considered as normal. Anything under 96% is considered as below normal and 104-110% of the LPA as above normal.

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Jubilant Life Sciences gains after resuming Gajraula operations
May 10,2017

The announcement was made after market hours yesterday, 9 May 2017.

Meanwhile, the S&P BSE Sensex was up 245.10 points, or 0.82% to 30,178.35.

On the BSE, 55,000 shares were traded in the counter so far, compared with average daily volumes of 99,595 shares in the past one quarter. The stock had hit a high of Rs 797.95 and a low of Rs 774 so far during the day. The stock hit a record high of Rs 879.10 on 12 April 2017. The stock hit a 52-week low of Rs 294.20 on 24 June 2016.

The stock had underperformed the market over the past one month till 9 May 2017, falling 5.32% compared with 1.21% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 9.49% as against Sensexs 5.81% rise.

The large-cap company has equity capital of Rs 15.93 crore. Face value per share is Re 1.

The National Green Tribunal (NGT) has passed an order allowing the company to restart manufacturing operations in all its units at Gajraula (except the distillery unit) in compliance with the directions issued by the NGT in this regard. The company said it has complied with the directions issued by NGT and has, with effect from yesterday, 9 May 2017, restarted its manufacturing operations in Gajraula (except the distillery unit). The revenue impact of the distillery operations in financial year ended March (FY 2017) is not significant.

The company said it operates its manufacturing facilities in Gajraula with zero liquid discharge. In 2016, the companys manufacturing facilities in Gajraula were awarded the gold category for their sustainability performance and were rated amongst the top 5% global performers as evaluated by EcoVadis during its latest evaluation.

The company assured that all its manufacturing facilities including those at Gajraula comply with all applicable laws.

On 27 April 2017, Jubilant Life Sciences informed that NGT ordered 13 industrial units situated in Gajraula to immediately cease operations after a hearing on Ganga pollution case.

On a consolidated basis, Jubilant Life Sciences net profit fell 2.6% to Rs 119.78 crore on 8.7% rise in net sales to Rs 1438.81 crore in Q3 December 2016 over Q3 December 2015.

Jubilant Life Sciences is an integrated global pharmaceutical and life sciences company engaged in pharmaceuticals, life science ingredients and drug discovery solutions. The pharmaceuticals segment, through its wholly owned subsidiary Jubilant Pharma, is engaged in manufacture and supply of APIs, solid dosage formulations, radiopharmaceuticals, allergy therapy products and contract manufacturing of sterile and non-sterile products through 6 USFDA approved manufacturing facilities in India, USA and Canada.

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Moodys: Outlook for global shipping industry is stable; EBITDA to stay steady
May 10,2017

Moodys Japan K.K. says that the outlook for the global shipping industry is stable, given that -- after excluding M&As and spinoffs -- the aggregate EBITDA of rated shipping companies will remain at similar levels in 2017 as last year.

Unlike 2016, when the industry saw double-digit EBITDA declines, the operating environment has bottomed and earnings will remain stable, although at a low level during 2017. However, a material level of industrywide earnings growth will be beyond our 12-month horizon.

Moodys conclusions are contained in its recently released report on the global shipping sector, Outlook Update: Shipping - Global, Stable Outlook Reflects Easing of Dry Bulk, Containership Excess Capacity; Flat EBITDA.

Moodys further notes that the continued scrapping of Panamax-class vessels driven by the expansion of the Panama Canal and of older ships driven by tightening environmental regulations are likely to continue, partly offsetting global capacity expansion, a credit positive.

Further driving the stable outlook for the global shipping sector are signs of a recovery in the dry bulk and containership segments.

Market conditions are still weak, but are unlikely to worsen from the levels seen for both segments in 2016, and we expect that supply growth will exceed demand growth by less than 2%, or within our parameter for a stable view. Freight rates in these two segments will also gradually increase.

As indicated, Moodys view on the dry bulk segment is stable. Freight rates have improved on the back of a decrease in order books combined with continuous demand from China.

Our view on the containership segment is also stable, as supply growth will continue to outpace demand growth in 2017, causing freight rates to remain low, but higher than last years levels.

Meanwhile, our view on the tanker segment is negative, reflecting high supply and low freight rates. The segment faces very high levels of scheduled deliveries for 2017 and 2018, a credit-negative development because it will keep freight rates low over the coming 12 months.

For the shipping industry generally, we would consider changing the outlook back to negative if we see signs that shipping supply growth will exceed demand growth by more than 2% or that aggregate EBITDA will decline by more than 5% year over year. Downside risks remain high.

Conversely, we would consider a positive outlook if the oversupply of vessels declines materially and aggregate year-over-year EBITDA growth appears likely to exceed 10%.

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Peninsula Land declines after reverse turnaround in Q4
May 10,2017

The result was announced after market hours yesterday, 9 May 2017.

Meanwhile, the S&P BSE Sensex was up 268.91 points, or 0.9% at 30,202.16. The S&P BSE Small-cap index was up 141.10 points, 0.91% at 15,685.73.

High volumes were traded on the counter. On the BSE, 4.41 lakh shares were traded on the counter so far as against the average daily volumes of 2.75 lakh shares in the past one quarter. The stock had hit a high of Rs 25.45 and a low of Rs 23.50 so far during the day.

The stock had hit a 52-week high of Rs 30.20 on 18 April 2017 and a 52-week low of Rs 13.15 on 27 December 2016. The stock had outperformed the market over the past one month till 9 May 2017, advancing 9.09% compared with the Sensexs 0.76% rise. The scrip had also outperformed the market over the past one quarter advancing 55.84% as against the Sensexs 5.66% rise.

The small-cap company has equity capital of Rs 55.84 crore. Face value per share is Rs 2.

Peninsula Lands total income spurted 200% to Rs 2.55 crore in Q4 March 2017 over Q4 March 2016.

Shares of Peninsula Land had witnessed an impressive rally prior to the announcement of the companys results. The stock had surged 16.56% in the preceding two trading sessions to settle at Rs 26.40 yesterday, 9 May 2017, from its closing of Rs 22.65 on 5 May 2017.

Peninsula Land is the real estate arm of Ashok Piramal Group. The company is known for its concept based architectures in the commercial, retail and residential sectors.

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Excel Crop Care provides update on issue related to penalty imposed by CCI
May 10,2017

Excel Crop Care announced that by an order dated 23 April 2012, the Competition Commission of India had imposed on the Company a penalty of Rs 63.90 crore alleging violation by the Company of Section 3 of the Competition Act, 2002, in relation to supply of a product to one buyer. On the Companys appeal against the said Order, the Competition Appellate Tribunal reduced the amount of penalty to Rs 2.92 crore by its Order dated 29 October 2013. The Company and the Competition Commission of India filed appeals before the Honble Supreme Court against the Order of the Competition Appellate Tribunal. The Honble Supreme Court by its Order dated 8 May, 2017 has disposed off the matter and has upheld the Order dated 29 October 2013 of the Competition Appellate Tribunal. The penalty of Rs 2.92 imposed on the Company, which has been confirmed by the Honble Supreme Court, has already been deposited and provided for by the Company in its books of account in F.Y. 2013-14.

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US stocks end in a mixed note
May 10,2017

US stocks closed near session lows on Tuesday, 09 May 2017 as the Dow Industrials and S&P 500 finished lower and the tech-heavy Nasdaq carved out a new record while investors sifted through mostly upbeat earnings reports against a backdrop of falling oil prices and remarks from Federal Reserve speakers.

The Dow Jones Industrial Average finished down 36.50 points, or 0.2%, at 20,975.78, about 140 points below its record close from early March. The S&P 500 index closed down 2.46 points, or 0.1%, at 2,396.92 with seven of the 11 main sectors finishing lower, as utilities, energy and materials stocks led decliners, offsetting gains in the consumer discretionary and industrial sectors. The Nasdaq Composite Index rose 17.93 points, or 0.3%, to close at a record 6,120.59.

Shares of Chevron and Cisco Systems were the largest decliners on the average.

This weeks listless trading sessions follow the widely expected victory Sunday by independent centrist Emmanuel Macron in the French presidential election, an outcome that investors appeared to have largely factored in over the previous two weeks.

The Federal Reserve meeting in June is one of the events traders are waiting for to potentially steer the market higher. On Tuesday, several Fed speakers will be closely watched for any hints about the coming policy decision.

As measured by the ICE U.S. Dollar Index, the dollar was up 0.5% at 99.592. A stronger buck makes commodities priced in the currency, like gold, less attractive to buyers using weaker monetary units.

Investors have been increasingly pricing in a U.S. rate increase next month, with fed-funds futures recently showing that markets are pricing in an 88% chance of a rate increase at the Feds mid-June meeting.

On the data front, investors received March JOLTS and March Wholesale Inventories data. The March Job Openings and Labor Turnover Survey showed that job openings increased to 5.743 million from a revised 5.682 million (from 5.743 million) in February.March Wholesale Inventories increased 0.2% (consensus -0.1%). The prior months reading was revised to 0.3% from 0.4%.The market doesnt typically pay much attention to this release since the full business inventories report is usually released a short time later.

The March Job Openings and Labor Turnover Survey showed that job openings increased to 5.743 million from a revised 5.682 million (from 5.743 million) in February. March Wholesale Inventories increased 0.2% (consensus -0.1%). The prior months reading was revised to 0.3% from 0.4%. The market doesnt typically pay much attention to this release since the full business inventories report is usually released a short time later.

Bullion prices ended lower at Comex on tuesday, 09 May 2017. Gold futures dropped on Tuesday to their lowest settlement since mid-March, as strength in the dollar and growing expectations for a U.S. interest-rate hike next month dulled demand for the metal.

June gold fell $11, or 0.9%, to settle at $1,216.10 an ounce, after settling with a meager gain on Monday. The settlement was the lowest in about eight weeks. July silver lost 19.1 cents, or 1.2%, to $16.067 an ouncen++its lowest settlement of the year.

Oil prices closed lower on Tuesday, 09 May 2017 as traders fretted over rising U.S. crude production as OPEC weighs extend its production-cut agreement late this month.

July Brent crude lost 61 cents, or 1.2%, to $48.73 a barrel on the ICE Futures exchange in London. On the New York Mercantile Exchange, June West Texas Intermediate crude fell by 55 cents, or 1.2%, to settle at $45.88 a barrel, after briefly trading as high as $46.78.

In a monthly report Tuesday, the U.S. government raised its forecast on domestic crude output for this year and next, and cut its 2017 price outlook. Last week, prices for WTI and Brent marked their lowest settlements since the Organization of the Petroleum Exporting Countries agreed on Nov. 30 to cut output for six months at the start of this year.

In the bond market, Treasuries settled slightly lower across the board with the benchmark 10-yr yield (2.41%) adding two basis points.

Tomorrow, investors will receive a batch of economic reports, including the MBA Mortgage Applications Index at 7:00 ET, April Import/Export Prices at 8:30 ET, and the April Treasury Budget at 14:00 ET.

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