My Application Form Status

Check the status of your application form with Angel Broking.
SBI associate banks on a roll on reports of Govt go ahead for merger with parent
Jun 16,2016

State Bank of Mysore was locked at 20% upper circuit on BSE at Rs 657.45. State Bank of Travancore was up 18.6% at Rs 568. State Bank of Bikaner and Jaipur was up 17.9% at Rs 707.20. All these three stock rose by their respective 20% maximum permissible daily level yesterday, 15 June 2016. In just two trading sessions, the stock price of State Bank of Mysore has risen 43.98%, the stock price of State Bank of Travancore has jumped 42.32% and that of State Bank of Bikaner and Jaipur has jumped 41.52%.

The stock price of parent State Bank of India (SBI) was currently up 0.5% at Rs 216.85. The stock surged 3.9% to settle at Rs 215.65 yesterday, 15 June 2016.

Meanwhile, the S&P BSE Sesnex was off 299.71 points or 1.12% at 26,426.63

On 17 May 2016, SBI had announced that it was seeking in principle sanction of the Government of India (GoI) to enter into negotiation with its 5 subsidiary banks viz. State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore to acquire their businesses including assets and liabilities. SBI also said at that time that it was considering acquisition of the newly-created Bharatiya Mahila Bank.

SBI holds 90% stake in State Bank of Mysore, 79.09% stake in State Bank of Travancore and 75.07% stake in State Bank of Bikaner and Jaipur. State Bank of Hyderabad and State Bank of Patiala are not listed on the bourses.

Powered by Capital Market - Live News

Jaiprakash Power gains ahead of board meeting
Jun 16,2016

The announcement was made after market hours yesterday, 15 June 2016.

Meanwhile, the BSE Sensex was down 280.62 points, or 1.05%, to 26,406.81.

On BSE, so far 1.99 lakh shares were traded in the counter, compared with an average volume of 2.06 crore shares in the past one quarter. The stock hit a high of Rs 5.19 and a low of Rs 5.03 so far during the day. The stock hit a 52-week high of Rs 8.42 on 7 August 2015. The stock hit a record low of Rs 3.65 on 2 June 2016. The stock had outperformed the market over the past one month till 15 June 2016, rising 19.48% compared with 3.70% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, rising 7.94% as against Sensexs 8.30% rise.

The small-cap company has an equity capital of Rs 2938 crore. Face value per share is Rs 10.

Jaiprakash Power Ventures said that a meeting of the board of directors of the company will be held on Friday, 17 June 2016, to consider the recommendations of committee of directors for transfer of 500 megawatts (MW) Jaypee Bina Thermal power plant of the company to its subsidiary company.

Jaiprakash Power Ventures reported net loss of Rs 352.85 crore in Q4 March 2016 as against net loss of Rs 141.54 crore in Q4 March 2015. Net sales declined 26.62% to Rs 669.01 crore in Q4 March 2016 over Q4 March 2015.

Jaiprakash Power Ventures is a power company and a part of Infrastructure conglomerate - Jaypee Group. The company plans, develops, implements and operates power projects in India.

Powered by Capital Market - Live News

PSU OMCs mixed after hike in fuel prices
Jun 16,2016

HPCL (down 0.40%) and Indian Oil Coporation (down 0.43%), edged lower. BPCL was up 0.33%.

Meanwhile, the S&P BSE Sensex was down 216.79 points, or 0.81% at 26,509.55.

Petrol price was raised by Rs 0.05 a litre at Delhi (including state levies) with corresponding price revision in other states. With this change, the price of Petrol in Delhi increased to Rs 65.65 a litre. Diesel price was raised by Rs 1.26 a litre at Delhi (including state levies) with corresponding price revision in other states. With this change, the price of diesel in Delhi increased to Rs 55.19 a litre.

The government decontrolled petrol & diesel prices. Public sector oil marketing companies (PSU OMCs) undertake fuel price review twice during the month based on the trend in international oil market. The first price review takes place during the middle of the month and the second on the last day of the month.

Powered by Capital Market - Live News

Tata Power slides in early trade
Jun 16,2016

Meanwhile, the BSE Sensex was down 165.80 points, or 0.62%, to 26,560.54.

On BSE, so far 14,000 shares were traded in the counter, compared with an average volume of 4.96 shares in the past two weeks. The stock hit a high of Rs 77.10 and a low of Rs 75.90 so far during the day.

Tata Power Company announced that Tata Power Renewable Energy (TPREL), a wholly owned subsidiary of the company, successfully issued and allotted guaranteed, unsecured, non-cumulative, redeemable, taxable, listed, rated non-convertible debentures of Rs 575 crore on private placement basis. The NCDs will carry a spread of 0.14% above 6 month marginal cost of lending rate (MCLR) of HDFC Bank payable semi annually and are guaranteed by the company. The proceeds from the NCDs will be primarily used to prepay existing higher cost debt in TPREL. The guarantee agreement has been entered to guarantee payment obligation of TPREL pursuant to the NCDs. The guarantee is capped at Rs 625 crore and will fall off once the NCDs are fully repaid. This will create contingent liability not exceeding Rs 625 crore for the company. The announcement was made after market hours yesterday, 15 June 2016.

Tata Power Companys consolidated net profit rose 126.4% to Rs 360.25 crore on 19.1% growth in net sales to Rs 9333.52 crore in Q4 March 2016 over Q4 March 2015.

Tata Power is Indias largest integrated power company with a growing international presence. The company has presence in all the segments of the power sector viz. fuel security and logistics, generation (thermal, hydro, solar and wind), transmission, distribution and trading.

Powered by Capital Market - Live News

SBI Group shares in demand
Jun 15,2016

State Bank of Mysore, State Bank of Travancore and State Bank of Bikaner and Jaipur hit an upper circuit limit of 20% each. State Bank of India was up 3.78%.

Meanwhile, the S&P BSE Sensex was up 309.97 points, or 1.17% at 26,705.68.

According to reports, the Union Cabinet today, 15 June 2016, gave in-principle approval to the merger of State Bank of India with five of its associate banks, in a move to consolidate the countrys struggling public sector banks.

Earlier on 17 May 2016, State Bank of India (SBI) announced that it is seeking in principle sanction of the Government of India (GoI) to enter into negotiation with its 5 subsidiary banks viz. State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore to acquire their businesses including assets and liabilities. The decision is purely exploratory at this stage and there is no certainty in relation to SBI completing the acquisitions, SBI said. SBIs board of directors will take a final call after evaluating all the relevant considerations. SBI also said that it is considering acquisition of the newly-created Bharatiya Mahila Bank.

In May 2016, government officials were quoted by the media as saying that no legislative changes will be required for SBI merger and that the process may get completed within this fiscal. SBI Chairman Arundhati Bhattacharya had told the media that the benefits of merger would be huge and one of them will be 100 basis points reduction in lending cost within a year post this merger.

Brokerages, which see merger a positive development, had reportedly said employee integration and their cost will be the key to watch out for when the merger will take place. According to brokerages, the merger is long term positive for SBI, but financially it may be negative in the near term due to higher retirement cost, reports said.

While explaining the importance of staff cost, a foreign brokerage reportedly highlighted earlier merger of SBI. In its note, the brokerage reportedly said that SBI had to make additional employee provisions in the case of merger with its subsidiaries historically. This was due to likely rationalization of pay scales, and higher retirement related benefits. Currently SBI subsidiaries get only two retirement related benefits versus three at SBI (pension, provident fund and gratuity), reports suggested.

Powered by Capital Market - Live News

PSU bank stocks extend gains
Jun 15,2016

Punjab National Bank (PNB) was up 1.4% Rs 90.75. Bank of India (BoI) was up 1.3% at Rs 91.65. Bank of Baroda (BoB) was up 1.9% at Rs 151.70. Union Bank of India (UBI) was up 2% at Rs 124.50. IDBI Bank was up 1.6% at Rs 70.85.

Meanwhile, the S&P BSE Sensex was up 317.40 points or 1.2% at 26,713.11

The PNB stock has risen 9.4% in just two trading sessions from its close of Rs 82.95 on 13 June 2015. The stock price of BoI has gained 4.7% in two trading sessions from its close of Rs 87.50 on 13 June 2016. The BoB stock has risen 3.97% in two trading sessions from its close of Rs 145.90 on 13 June 2016. The UBI stock has gained 4.97% in two trading sessions from its close of Rs 118.60 on 13 June 2016.

The Reserve Bank of India (RBI) after market hours on 13 June 2016 announced the scheme for sustainable structuring of stressed assets or S4A as an optional framework for lenders for the resolution of large stressed accounts. The S4A envisages determination of the sustainable debt level for a stressed borrower and bifurcation of the outstanding debt into sustainable debt and equity/quasi-equity instruments which are expected to provide upside to the lenders when the borrower turns around. The S4A is aimed at providing an avenue for reworking the financial structure of entities facing genuine difficulties, according to a Reserve Bank of India (RBI) statement.

The S4A can be implemented only where a project has already commenced commercial operations. Another condition set by the Reserve Bank of India (RBI) for implementation of S4A is that the aggregate exposure (including accrued interest) of all institutional lenders in the account is more than Rs 500 crore (including rupee loans, foreign currency loans/external commercial borrowings. Under the scheme, banks can split the loans of struggling firms into sustainable and unsustainable debt. Sustainable debt refers loans that can be serviced with a firms existing cash flow. Banks have been given the option of converting the unsustainable debt, which cannot be serviced with cash flow, into equity.

State Bank of India (SBI) was up 3.9% at Rs 215.75, with the stock getting an additional boost from media reports that the Union Cabinet has cleared SBIs proposal for merger of its associate banks with itself. The SBI stock has risen 6.7% in two trading sessions from its close of Rs 202.20 on 13 June 2016.

Powered by Capital Market - Live News

Emami Infra surges on merger of subsidiaries with company
Jun 15,2016

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

Meanwhile, the BSE Sensex was up 279.35 points, or 1.06%, to 26,675.06.

On BSE, so far 1.39 lakh shares were traded in the counter, compared with an average volume of 1.47 lakh shares in the past one quarter. The stock hit a low of Rs 43.50 in intraday trade. The stock hit a 52-week high of Rs 53.45 on 2 September 2015. The stock hit a 52-week low of Rs 30.25 on 26 February 2016. The stock had underperformed the market over the past one month till 14 June 2016, falling 2.45% compared with 2.89% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 16.62% as against Sensexs 6.94% rise.

The small-cap company has an equity capital of Rs 4.86 crore. Face value per share is Rs 2.

Emami Infrastructure announced that the High Court at Calcutta yesterday, 14 June 2016, sanctioned the scheme of arrangement for amalgamation of Emami Realty and Emami Rainbow Niketan, the wholly-owned subsidiaries, with Emami infrastructure.

The amalgamation will be effective upon filing of the certified copy of the order of the High Court with the registrar of companies, the company said.

Emami Infrastructure reported net loss of Rs 0.85 crore in Q4 March 2016 as against net loss of Rs 0.08 crore in Q4 March 2015. There were no sales reported in the quarter ended March 2016 and during the quarter ended March 2015.

Powered by Capital Market - Live News

GAIL (India) inches up ahead of IPO of Mahanagar Gas
Jun 15,2016

Meanwhile, the S&P BSE Sensex was up 253.82 points or 0.96% at Rs 26,649.53.

On BSE, so far 74,647 shares were traded in the counter as against average daily volume of 1.21 lakh shares in the past one quarter.

The large-cap firm has equity capital of Rs 1268.48 crore. Face value per share is Rs 10.

The GAIL (India) stock has risen 1.35% in three trading sessions from its close of Rs 369.10 on 10 June 2016.

GAIL (India) and BG Asia Pacific Holdings Pte, the two promoters of Mahanagar Gas (MGL), are selling about 1.23 crore shares each of MGL via an initial public offer (IPO) of MGL. MGL will not get any proceeds from the IPO. The IPO opens for bidding on 21 June 2016 and concludes on 23 June 2016. The price band for the IPO has been set at Rs 380 to Rs 421 per share.

GAIL (India) and BG Asia Pacific Holdings Pte hold about 4.44 crore shares each in MGL, constituting 45% stake each. The Maharashtra state government holds the remaining 10% stake.

Mahanagar Gas is one of the largest city gas distribution companies in India. It is presently the sole authorized distributor of compressed natural gas and piped natural gas in Mumbai, its adjoining areas and the Raigad district of Maharashtra.

State-run GAIL (India) is Indias largest natural gas company with a market share of over 80% in natural gas transmission. Apart from natural gas transmission, distribution and processing, GAIL has diversified business interests in LPG transmission, petrochemicals, city gas projects and exploration and production activities.

GAIL (India)s net profit 50.8% to Rs 769.99 crore on 18.3% decline net sales to Rs 11627.20 crore in Q4 March 2016 over Q4 March 2015.

Powered by Capital Market - Live News

Zensar Tech gains after winning new order
Jun 15,2016

The announcement was made during trading hours today, 15 June 2016.

Meanwhile, the BSE Sensex was up 141.39 points, or 0.54%, to 26,537.10.

On BSE, so far 6,655 shares were traded in the counter, compared with an average volume of 1.94 lakh shares in the past one quarter. The stock hit a high of Rs 989.80 and a low of Rs 949.85 so far during the day. The stock hit a record high of Rs 1,120 on 28 December 2015. The stock hit a 52-week low of Rs 636.50 on 17 June 2015. The stock had underperformed the market over the past one month till 14 June 2016, falling 1.33% compared with 2.89% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 9.91% as against Sensexs 6.94% rise.

The mid-cap company has an equity capital of Rs 44.63 crore. Face value per share is Rs 10.

Zensar Technologies, a leading provider of digital solutions, software and infrastructure services, announced a multi-million multi-year Managed Services Deal with John Lewis, UKs largest department store retailer. Zensar has been partnering John Lewis through its business transformation process with next gen applications management solutions for many years now.

As part of this agreement spread over a five-year period, Zensar will be responsible for application management and technical analysis services for buying, selling, supply chain, financial management, management information systems, digital and online order management, customer delivery and mobile applications.

This deal underlines Zensars position as one of two key IT operational support partners at John Lewis. John Lewis has embarked on a service and productivity improvement initiative across its business operations in the last 12 months. One of the key outcomes of this partnership involves the establishment of a predictable IT operations cost structure to optimize both direct and indirect costs. As part of the scope, both entities have agreed on building a joint Innovation framework that gives both parties the opportunity to identify, invest and develop solutions of mutual interest.

On a consolidated basis, Zensar Technologies net profit fell 1.89% to Rs 70.19 crore on 1.38% decline in net sales to Rs 746.38 crore in Q4 March 2016 over Q3 December 2015.

Zensar Technologies is a leading software and infrastructure services and solutions provider with industry expertise across manufacturing, retail, insurance, utilities, banking, financial services and government.

Powered by Capital Market - Live News

Aviation stocks take off on reports cabinet clears aviation policy
Jun 15,2016

SpiceJet was up 3.8% at Rs 66.60. Jet Airways (India) was up 1.4% at Rs 568. InterGlobe Aviation was up 2.8% at Rs 1,107.

According to media reports, the Union Cabinet today, 15 June 2016, cleared the long awaited civil aviation policy. Reports said that the government has abolished the 5/20 rule for flying overseas. The rule allowed only carriers with 20 aircraft and five years of flying experience to provide international flights. Reports further said that the new policy provides incentives to airlines for flying to smaller cities and towns.

Powered by Capital Market - Live News

Volumes jump at Emami counter
Jun 15,2016

Emami clocked volume of 6.04 lakh shares by 12:50 IST on BSE, a 40.42-times surge over two-week average daily volume of 15,000 shares. The stock fell 0.25% to Rs 989.80.

Videocon Industries notched up volume of 14.56 lakh shares, a 39.64-fold surge over two-week average daily volume of 37,000 shares. The stock rose 1.15% to Rs 105.20.

Nava Bharat Ventures saw volume of 4.39 lakh shares, a 17.39-fold surge over two-week average daily volume of 25,000 shares. The stock hit an upper circuit limit of 20% to Rs 223.60.

State Bank of Bikaner and Jaipur clocked volume of 1.66 lakh shares, a 15.96-fold surge over two-week average daily volume of 10,000 shares. The stock rose 8.06% to Rs 540.

Aegis Logistics saw volume of 21.11 lakh shares, a 9.38-fold rise over two-week average daily volume of 2.25 lakh shares. The stock rose 3.49% to Rs 126.

Powered by Capital Market - Live News

Cadila Healthcare gains after tie-up with Turkish firm
Jun 15,2016

The announcement was made during trading hours today, 15 June 2016.

Meanwhile, the BSE Sensex was up 125.28 points, or 0.47%, to 26,520.99.

On BSE, so far 28,000 shares were traded in the counter, compared with an average volume of 53.70 lakh shares in the past one quarter. The stock hit a high of Rs 322.15 and a low of Rs 318.60 so far during the day. The stock hit a record high of Rs 454.40 on 23 October 2015. The stock hit a 52-week low of Rs 295.50 on 18 January 2016. The stock had underperformed the market over the past one month till 14 June 2016, falling 0.96% compared with 2.89% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 5.66% as against Sensexs 6.94% rise.

The large-cap company has an equity capital of Rs 102.37 crore. Face value per share is Re 1.

Zydus Cadila, a global healthcare provider and Eczacıbaşı İlan++ Pazarlama AS, a leading healthcare company of Turkey, have signed a strategic collaboration agreement to market biotech products in the Turkish market. The agreement involves the import of biosimilars which are currently unavailable in the country especially for the treatment of cancer and also paves the way for a long term strategic collaboration to produce and launch new products in the market.

The agreement was signed at the headquarters of Eczacıbaşı Holding located at Kanyon Ofis in Istanbul by Pankaj Patel, Chairman and Managing Director of Zydus Group, Dr. Sharvil Patel, Deputy Managing Director of Zydus Group and Mr. Bn++lent Chairman of Eczacıbaşı Holding, Dr. Erdal Karamerean, CEO of Eczacıbaşı Group, and Elif Celik Eczacıbaşı Healthcare Group President.

Cadila Healthcares consolidated net profit rose 10.9% to Rs 388.70 crore on 5.7% growth in net sales to Rs 2375.50 crore in Q4 March 2016 over Q4 March 2015.

Cadila Healthcare is an innovative, global pharmaceutical company that discovers, develops, manufactures and markets a broad range of healthcare therapies.

Powered by Capital Market - Live News

Hercules Hoists drops after weak Q4 outcome
Jun 15,2016

Meanwhile, the S&P BSE Sensex was up 124.52 points or 0.47% at 26,520.23.

On BSE, so far 4,555 shares were traded in the counter as against average daily volume of 10,446 shares in the past one quarter. The stock hit a high of Rs 157 and a low of Rs 154.20 so far during the trading session. The stock had 52-week high of Rs 213.80 on 11 August 2015. The stock had hit 52-week low of Rs 127.30 on 29 February 2016. The stock had underperformed the market over the past one month till 14 June 2016, gaining 1.98% compared with the Sensexs 3.55% rise. The scrip had outperformed the market in past one quarter, jumping 19.83% as against the Sensexs 6.42% rise.

The small-cap firm has equity capital of Rs 3.20 crore. Face value per share is Rs 1.

The companys net sales fell 11% to Rs 21.45 crore in Q4 March 2016 over Q4 March 2015. The company announced the fourth quarter results after trading hours yesterday, 14 June 2016.

The board of directors of the company has recommended dividend of Rs 1.50 per share for the year ended 31 March 2016.

Hercules Hoists is a one stop solution provider for all in-plant material handling needs. The company sells its products under the Indef brand. The Indef product range includes cranes, hoists, winches, manipulators, stores stackers, storage racks and safe power feed conductor systems.

Powered by Capital Market - Live News

Bharti Airtel gains after launching new Open Network initiative
Jun 15,2016

Meanwhile, the S&P BSE Sensex was up 110.55 points or 0.42% at 26,506.26.

On BSE, so far 1.6 lakh shares were traded in the counter as against average daily volume of 2.41 lakh shares in the past one quarter. The stock hit a high of Rs 351.65 and a low of Rs 346.90 so far during the trading session. The stock had 52-week high of Rs 452.45 on 21 July 2015. The stock had hit 52-week low of Rs 282.30 on 29 January 2016. The stock had underperformed the market over the past one month till 14 June 2016, sliding 3.61% compared with the Sensexs 3.55% rise. The scrip had also underperformed the market in past one quarter, gaining 0.37% as against the Sensexs 6.42% rise.

The large-cap company has equity capital of Rs 1998.70 crore. Face value per share is Rs 5.

Bharti Airtel after market hours yesterday, 14 June 2016, announced the launch of the new initiative called Open Network under Project Leap, its national network transformation initiative. Under the Open Network initiative, the company will display its mobile network coverage and signal strength across India in addition to network site deployment status. Commenting on the companys new initiative Gopal Vittal, MD & CEO (India and South Asia), Bharti Airtel said that the company is fully committed to investing whatever it takes to deliver a world-class experience to customers.

Bharti Airtel further said that the company is deploying a range of innovative technology solutions including small cells, indoor solutions, wi-fi hotspots and carrier aggregation technologies to improve network experience inside buildings. The company is swapping its legacy networks and base stations with smaller, more compact and efficient technologies with a view to improve customer experience. The company is creating more network capacity through acquisition of additional spectrum and deployment of fiber. The company plans to cumulative deploy more than 5.5 lakh kilometer of domestic and international fiber in order to drive down latency, improve customer experience and serve the growing demand for data services.

Bharti Airtel recently announced a 25% more stringent voluntary benchmark of 1.5% for mobile call drops versus the current TRAI prescribed norm of 2% under the Quality of Service regulations.

Bharti Airtels consolidated net profit rose 2.8% to Rs 1290.30 crore on 8.4% growth in net sales to Rs 24959.60 crore in Q4 March 2016 over Q4 March 2015.

Bharti Airtel ranks amongst the top three mobile service providers globally in terms of subscribers. The company has its operations in 20 countries across Asia and Africa.

Powered by Capital Market - Live News

SBI Group shares rally on buzz cabinet may approve merger
Jun 15,2016

State Bank of Mysore (up 12.57%), State Bank of Travancore (up 10.97%), State Bank of Bikaner and Jaipur (up 9.96%) and State Bank of India (up 1.16%), edged higher.

Meanwhile, the S&P BSE Sensex was up 95.21 points, or 0.36% at 26,490.92.

Earlier on 17 May 2016, State Bank of India (SBI) announced that it is seeking in principle sanction of the Government of India (GoI) to enter into negotiation with its 5 subsidiary banks viz. State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore to acquire their businesses including assets and liabilities. The decision is purely exploratory at this stage and there is no certainty in relation to SBI completing the acquisitions, SBI said. SBIs board of directors will take a final call after evaluating all the relevant considerations. SBI also said that it is considering acquisition of the newly-created Bharatiya Mahila Bank.

In May 2016, government officials were quoted by the media as saying that no legislative changes will be required for SBI merger and that the process may get completed within this fiscal. SBI Chairman Arundhati Bhattacharya had told the media that the benefits of merger would be huge and one of them will be 100 basis points reduction in lending cost within a year post this merger.

Brokerages, which see merger a positive development, had reportedly said employee integration and their cost will be the key to watch out for when the merger will take place. According to brokerages, the merger is long term positive for SBI, but financially it may be negative in the near term due to higher retirement cost, reports said.

While explaining the importance of staff cost, a foreign brokerage reportedly highlighted earlier merger of SBI. In its note, the brokerage reportedly said that SBI had to make additional employee provisions in the case of merger with its subsidiaries historically. This was due to likely rationalization of pay scales, and higher retirement related benefits. Currently SBI subsidiaries get only two retirement related benefits versus three at SBI (pension, provident fund and gratuity), reports suggested.

Powered by Capital Market - Live News