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GSFC, FACT spurt after caprolactam prices hit 2-year high
Dec 19,2016

Gujarat State Fertilizers & Chemicals (GSFC) (up 9.29% to Rs 95.85) and Fertilizers and Chemicals Travancore (FACT) (up 5.42% to Rs 24.30), edged higher.

The S&P BSE Sensex was down 50.03 points, or 0.19% at 26,439.53.

According to media reports, Asian caprolactam hit a 2-year high on Thursday, 15 December 2016, with the CFR Far East Asia marker assessed by S&P Global Platts at $1,830 per metric tonne. The last time the price was at this level was on 18 December 2014, when the Platts CFR Far East Asia marker was assessed at $1,900 a metric tonne.

Caprolactam, a derivative of benzene, is used for manufacturing nylon, tyre-cord, textile filament yarn and engineering plastics.

GSFC and FACT are two major manufacturers of caprolactam in India. GSFC has two caprolactam plants having rated capacities of 20,000 tonnes per annum (TPA) and 50,000 TPA. Meanwhile, FACT has the capacity to produce 50,000 tonnes of caprolactam in a year. FACT exports caprolactam to various countries, including the US.

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MSR India gains after winning order
Dec 19,2016

The announcement was made during trading hours today, 19 December 2016.

Meanwhile, the BSE Sensex was down 58.42 points, or 0.22%, to 26,431.14.

On the BSE, so far 2,398 shares were traded in the counter, compared with average daily volumes of 21,214 shares in the past one quarter. The stock had hit a high of Rs 52.15 and a low of Rs 51 so far during the day.

The stock hit a 52-week high of Rs 150 on 20 April 2016. The stock hit a 52-week low of Rs 35.10 on 30 November 2016. The stock had underperformed the market over the past 30 days till 16 December 2016, sliding 15.87% compared with the 1% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 24.14% as against Sensexs 7.38% decline.

The small-cap company has equity capital of Rs 31.44 crore. Face value per share is Rs 5.

MSR India said it secured prestigious Vikram Sarabhai Space Centre (ISRO) order for manufacturing special purpose components. The company bagged this contract for second time after completing its first order in a record time.

After entering into aerospace & defense sector, this is a biggest achievement for the company to bag consecutive order from ISRO. The company said it expects to generate huge revenue from these work orders.

Net profit of MSR India rose 137.5% to Rs 0.19 on 9.7% rise in net sales to Rs 41.69 crore in Q2 September 2016 over Q2 September 2015.

MSR Indias product portfolio consists of copper bottles, ready-to-eat energy powder, FMCG products, extrusion and forging products. The company makes special purpose components for aerospace & defense industry.

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New orders boost NBCC (India)
Dec 19,2016

The announcement was made during market hours today, 19 December 2016.

Meanwhile, the BSE Sensex was down 65.63 points, or 0.25%, to 26,423.93

On the BSE, 55,000 shares were traded on the counter so far as against the average daily volumes of 2.08 lakh shares in the past one quarter. The stock had hit a high of Rs 227.30 and a low of Rs 223.50 so far during the day. The stock hit a record high of Rs 299.20 on 5 October 2016. The stock hit a 52-week low of Rs 162 on 12 February 2016. The stock had outperformed the market over the past 30 days till 16 December 2016, rising 3.53% compared with the 1% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, declining 9.51% as against Sensexs 7.38% decline.

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

NBCC (India) said it has secured new works for the construction of residential cum training complex for Special Protection Group (SPG) at Sector - 21, Dwarka, New Delhi and construction of guest house for government of Gujarat at Akbar Road, New Delhi amounting to Rs 466.41 crore and Rs 130 crore, respectively, in December 2016.

NBCC (India)s consolidated net profit rose 1.42% to Rs 69.11 crore on 15.75% increase in net sales to Rs 1224.41 crore in Q2 September 2016 over Q2 September 2015.

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

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Manappuram Finance leads losers on BSEs A group
Dec 19,2016

Manappuram Finance slipped 4.77% at Rs 63.95. The stock topped the losers in A group. On the BSE, 5.98 lakhshares were traded on the counter so far as against the average daily volumes of 4.42 lakh shares in the past two weeks.

Oberoi Realty declined 3.67% at Rs 316.60. The stock was the second biggest loser in A group. On the BSE, 1.78 lakh shares were traded on the counter so far as against the average daily volumes of 22,000 shares in the past two weeks.

EID Parry India fell 3.47% at Rs 257.45. The stock was the third biggest loser in A group. On the BSE, 13,000 shares were traded on the counter so far as against the average daily volumes of 28,000 shares in the past two weeks.

Amtek Auto corrected 3.22% at Rs 34.60. The stock was the fourth biggest loser in A group. On the BSE, 1.65 lakh shares were traded on the counter so far as against the average daily volumes of 3.19 lakh shares in the past two weeks.

Hindustan Zinc skid 3.22% at Rs 271.60. The stock was the fifth biggest loser in A group. On the BSE, 64,000 shares were traded on the counter so far as against the average daily volumes of 1.05 lakh shares in the past two weeks.

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Volumes jump at Techno Electric & Engineering Company counter
Dec 19,2016

Techno Electric & Engineering Company clocked volume of 3.03 lakh shares by 13:29 IST on BSE, a 21.91-times surge over two-week average daily volume of 14,000 shares. The stock fell 1.12% to Rs 296.90.

TV18 Broadcast notched up volume of 52.01 lakh shares, a 18.26-fold surge over two-week average daily volume of 2.85 lakh shares. The stock shed 0.92% to Rs 37.70.

Repco Home Finance saw volume of 3.16 lakh shares, a 9.98-fold surge over two-week average daily volume of 32,000 shares. The stock rose 0.88% to Rs 530.25. A bulk deal of 3.03 lakh shares was executed on the scrip at Rs 528 per share at 10:56 IST on BSE.

Oberoi Realty clocked volume of 1.78 lakh shares, a 8.10-fold surge over two-week average daily volume of 22,000 shares. The stock lost 3.67% to Rs 316.60.

Gujarat State Fertilizers & Chemicals saw volume of 8.10 lakh shares, a 7.26-fold rise over two-week average daily volume of 1.12 lakh shares. The stock jumped 8.21% to Rs 94.90.

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JK Lakshmi Cement gains on boards nod to raise funds
Dec 19,2016

The announcement was made on Saturday, 17 December 2016.

Meanwhile, the S&P BSE Sensex was down 61.51 points or 0.23% at 26,428.05.

On the BSE, 2,535 shares were traded on the counter so far as against the average daily volumes of 24,104 shares in the past one quarter. The stock had hit a high of Rs 349 and a low of Rs 343.30 so far during the day.

The stock had hit a record high of Rs 513.75 on 6 October 2016 and a 52-week low of Rs 253 on 12 February 2016. The stock had underperformed the market over the past one month till 16 December 2016, declining 10.37% compared with the Sensexs 0.73% rise. The scrip had also underperformed the market over the past one quarter declining 27.42% as against the Sensexs 7.38% fall.

The mid-cap company has equity capital of Rs 58.84 crore. Face value per share is Rs 5.

The directors of the company appointed a debenture trustee and a share transfer agent for the proposed issue of non-convertible debentures (NCDs) of upto Rs 300 crore on private placement basis.

JK Lakshmi Cement reported net profit of Rs 24.91 crore in Q2 September 2016, as against net loss of Rs 8.38 crore in Q2 September 2015. Net sales rose 1.5% to Rs 655.57 crore in Q2 September 2016 over Q2 September 2015.

JK Lakshmi Cement is a cement manufacturer. It caters to infrastructure and construction sectors.

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Lupin rises after launching Voriconazole tablets in US
Dec 19,2016

The announcement was made during market hours today, 19 December 2016.

Meanwhile, the S&P BSE Sensex was down 66.58 points or 0.25% at 26,422.98

On the BSE, 23,000 shares were traded on the counter so far as against the average daily volumes of 94,617 shares in the past one quarter. The stock had hit a high of Rs 1,493.80 and a low of Rs 1,460 so far during the day. The stock had hit a 52-week high of Rs 1,911.55 on 9 February 2016. The stock had hit a 52-week low of Rs 1,294.05 on 29 March 2016. The stock had outperformed the market over the past 30 days till 16 December 2016, rising 3.93% compared with the 1% rise in the Sensex. The scrip also outperformed the market in past one quarter, declining 4.52% as against Sensexs 7.38% decline.

The large-cap company has equity capital of Rs 90.28 crore. Face value per share is Rs 2.

Lupin announced today, 19 December 2016 that it has launched its Voriconazole Tablets, 50 mg and 200 mg and Voriconazole Oral Suspension, 40 mg/ml having received an approval from the United States Food and Drug Administration (USFDA) earlier to market a generic equivalent of PF Prism C.Vs Vfend Tablets, 50 mg and 200 mg and Vfend Oral Suspension, 40 mg/ml.

Voriconazole Tablets, 50 mg and 200 mg and Voriconazole Oral Suspension, 40 mg/ml are the AB rated generic equivalent of PF Prism C.Vs Vfend Tablets, 50 mg and 200 mg and Vfend Oral Suspension, 40 mg/ml. It is indicated for use in patients 12 years of age and older in the treatment of various fungal infections. Vfend Tablets, 50 mg & 200 mg had annual US sales of $81 million as per the IMS MAT September 2016 data while Vfend Oral Suspension, 40 mg/ml had annual US sales of $15.2 million as per the IMS MAT September 2016 data.

Lupins consolidated net profit jumped 57.76% to Rs 662.19 crore on 31.9% rise in net sales to Rs 4211.18 crore in Q2 September 2016 over Q2 September 2015.

Lupin is an innovation led transnational pharmaceutical company developing and delivering a wide range of branded & generic formulations, biotechnology products and active pharmaceutical ingredients (APIs) globally. The company is a significant player in the cardiovascular, diabetology, asthma, pediatric, central nervous system (CNS), GI, Anti-Infective and NSAID space and holds global leadership position in the Anti-TB segment.

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Swan Energy corrects on profit booking
Dec 19,2016

Meanwhile, the BSE Sensex was down 65.49 points, or 0.25%, to 26,424.07.

On the BSE, so far 10.79 lakh shares were traded in the counter, compared with average daily volumes of 4.43 lakh shares in the past one quarter. The stock had hit a high of Rs 205.45 and a low of Rs 171 so far during the day.

The stock hit a record high of Rs 213.40 on 14 December 2016. The stock hit a 52-week low of Rs 57.50 on 16 May 2016. The stock had outperformed the market over the past 30 days till 16 December 2016, rising 61.38% compared with the 1% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 223.03% as against Sensexs 7.38% decline.

The mid-cap company has equity capital of Rs 22.12 crore. Face value per share is Re 1.

Shares of Swan Energy rose 16.73% in two trading sessions to settle at Rs 200.60 on Friday, 16 December 2016, from its close of Rs 171.85 on 14 December 2016.

The stock jumped 5.11% to end at Rs 200.60 on Friday, 16 December 2016, after the company announced during trading hours that day that Government of Gujarat has decided to acquire 26% stake in the companys LNG port project in Gujarat.

Swan Energy is developing Indias first LNG port along with Floating and Regasification Unit (FSRU) near Jafrabad in Gujarat with a total investment of Rs 5900 crore. A subsidiary company and special purpose vehicle company namely Swan LNG is implementing this project. Government of Gujarat has decided to participate in the project by acquiring 26% stake in the LNG port project through Gujarat State Petronet and Gujarat Maritime Board jointly.

Swan Energys net profit jumped 1170.6% to Rs 2.16 crore on 1.6% growth in net sales to Rs 96.09 crore in Q2 September 2016 over Q2 September 2015.

Swan Energy is engaged in the manufacturing of textile products. The company is also engaged in the real estate development and energy businesses.

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Repco Home Finance inches up after bulk deal
Dec 19,2016

Meanwhile, the S&P BSE Sensex was down 76.67 points or 0.29% at 26,412.89

Bulk deal boosted volume on the scrip. On BSE, so far 3.12 lakh shares were traded in the counter as against average daily volume of 40,629 shares in the past one quarter. The stock hit a high of Rs 538.65 and a low of Rs 527.15 so far during the day. The stock had hit a record high of Rs 891.30 on 6 September 2016. The stock had hit a 52-week low of Rs 501.65 on 15 November 2016. The stock had underperformed the market over the past 30 days till 16 December 2016, falling 6.48% compared with the 1% rise in the Sensex. The scrip also underperformed the market in past one quarter, declining 39.75% as against Sensexs 7.38% decline.

The mid-cap company has equity capital of Rs 62.56 crore. Face value per share is Rs 10.

Repco Home Finances net profit rose 17% to Rs 45.69 crore on 20.01% rise in total income to Rs 259.74 crore in Q2 September 2016 over Q2 September 2015.

Repco Home Finances main business is to provide loans for purchase or construction of residential house.

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Salzer Electronics gains after securing a contract
Dec 19,2016

The announcement was made during market hours today, 19 December 2016.

Meanwhile, the S&P BSE Sensex was down 59.68 points or 0.23% at 26,429.88.

On the BSE, 9,111 shares were traded on the counter so far as against the average daily volumes of 23,728 shares in the past one quarter. The stock had hit a high of Rs 186.50 and a low of Rs 180 so far during the day.

The stock had hit a 52-week high of Rs 267 on 1 August 2016 and a 52-week low of Rs 160 on 29 February 2016. It had underperformed the market over the past one month till 16 December 2016, sliding 0.6% compared with the Sensexs 0.73% rise. The scrip had also underperformed the market over the past one quarter declining 15.29% as against the Sensexs 7.38% fall.

The small-cap company has equity capital of Rs 13.89 crore. Face value per share is Rs 10.

Salzer Electronics has secured a letter of intent worth Rs 18.70 crore from Energy Efficiency Services (EESL), a joint venture company of PSUs of Ministry of Power. Government of India for designing, manufacturing, supplying, installing, commissioning, testing and maintaining of lighting controls for installed LED streetlights in the urban local bodies viz. Varanasi (Uttar Pradesh), Jalna (Maharashtra) and Jharkhand.

Salzer Electronics net profit rose 7.4% to Rs 4.96 crore on 13.8% growth in net sales to Rs 89.51 crore in Q2 September 2016 over Q2 September 2015.

Salzer Electronics is a leading player offering total and customized electrical solutions in switchgears, wires & cables and energy management business.

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Raymond slips on reports of decline in demand
Dec 19,2016

Meanwhile, the BSE Sensex was down 56.13 points, or 0.21%, to 26,433.43.

On the BSE, so far 15,000 shares were traded in the counter, compared with average daily volumes of 66,725 shares in the past one quarter. The stock had hit a high of Rs 480.30 and a low of Rs 471.55 so far during the day.

The stock hit a record high of Rs 654 on 1 November 2016. The stock hit a 52-week low of Rs 351.50 on 12 February 2016. The stock had underperformed the market over the past 30 days till 16 December 2016, falling 5.12% compared with the 1% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 1.94% as against Sensexs 7.38% decline.

The small-cap textile and apparel major has equity capital of Rs 61.38 crore. Face value per share is Rs 10.

Raymond CEO Sanjay Behl was quoted by the media as saying that the company has seen a nearly 30% decline in demand since demonetisation was announced. He, however added that he expects the situation easing up in the beginning of next year.

The media report suggested that Raymonds expansion plans will not be affected by the current situation. It has 1,060 stores at present, and will continue to add about 150-200 stores every year for the next three years. The company is targeting about 1,500 stores for its brands by 2020, Sanjay Behl said.

On a consolidated basis, net profit of Raymond rose 367.31% to Rs 26.59 crore on 12.10% rise in net sales to Rs 1553.49 crore in Q2 September 2016 over Q2 September 2015.

With over 60% market share in India, Raymond is one of the largest integrated manufacturer of worsted fabric in the world.

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Jindal Stainless gains as board to consider issue of shares
Dec 19,2016

The announcement was made after market hours on Friday, 16 December 2016.

Meanwhile, the BSE Sensex was down 47.82 points, or 0.18%, to 26,441.74

On BSE, so far 19,000 shares were traded in the counter, compared with average daily volume of 2.07 lakh shares in the past one quarter. The stock hit a high of Rs 40 and a low of Rs 39.20 so far during the day. The stock hit a 52-week high of Rs 44.70 on 21 October 2016. The stock hit a record low of Rs 14.20 on 2 June 2016. The stock had outperformed the market over the past 30 days till 16 December 2016, rising 7.65% compared with the 1% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 68.26% as against Sensexs 7.38% decline.

The small-cap company has equity capital of Rs 79.89 crore. Face value per share is Rs 2.

Jindal Stainless said that the meeting of the board of directors of the company will be held on 23 December 2016, to consider and approve the issuance of equity shares/preference shares to the lenders of the company on preferential basis upon conversion of Funded Interest Term Loan I & II (FITL). The board will also consider and approve issuance of convertible warrants/equity shares to the promoter group of companies on preferential basis.

Jindal Stainless reported net loss of Rs 65 crore in Q2 September 2016, lower than net loss of Rs 122.87 crore in Q2 September 2015. Net sales rose 24.79% to Rs 1911.22 crore in Q2 September 2016 over Q2 September 2015.

Jindal Stainless is engaged in manufacturing of stainless steel.

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Laurus Labs sees strong debut
Dec 19,2016

The stock debuted at Rs 490, a premium of 14.49% to the initial public offer (IPO) price. So far the stock hit a high of Rs 498 and low of Rs 475. On BSE, so far 22.20 lakh shares were traded on the counter.

The initial public offer (IPO) of Laurus Labs opened on 6 December and closed on 8 December 2016. The issue received bids for 10.01 crore shares compared with 2.19 crore shares on offer. The IPO was subscribed 4.57 times.

The IPO comprised of fresh issue of Rs 300 crore and the offer for sale of 2.41 crore shares by the selling shareholders. The qualified institutional buyers (QIBs) category was subscribed 10.54 times. The non-institutional investors category was subscribed 3.58 times. The retail investors category was subscribed 1.67 times.

The company proposes to utilise the net proceeds from the fresh issue towards the pre-payment of term loans and the general corporate purposes. In addition the company expects to receive the benefits of listing of the shares on the stock exchanges, enhancement of the companys brand name and creation of a public market for shares.

For the six months ended 30 September 2016, Laurus Labs reported consolidated net profit of Rs 75.10 crore on total revenue of Rs 941.78 crore.

Laurus Labs is a leading research and development (R&D) driven pharmaceutical company, with a leadership position in generic active pharmaceutical ingredients (APIs) for select, high-growth therapeutic areas of antiretrovirals (ARVs) and Hepatitis C. The company also manufactures APIs in oncology and other therapeutic areas. The company operates in four business lines: generics-APIs, generics-FDFs, synthesis and ingredients.

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Aban Offshore gains on plan to acquire 49% stake in Aban Drilling Services
Dec 19,2016

Meanwhile, the BSE Sensex was down 64.87 points, or 0.24%, to 26,424.69.

On the BSE, so far 1.19 lakh shares were traded in the counter, compared with average daily volumes of 5.58 lakh shares in the past one quarter. The stock had hit a high of Rs 247.50 and a low of Rs 242.10 so far during the day.

The stock hit a 52-week high of Rs 286 on 25 October 2016. The stock hit a 52-week low of Rs 142.50 on 12 February 2016. The stock had outperformed the market over the past 30 days till 16 December 2016, rising 12.80% compared with the 1% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 16.69% as against Sensexs 7.38% decline.

The small-cap company has equity capital of Rs 11.67 crore. Face value per share is Rs 2.

Aban Drilling Services is a newly incorporated company with paid up capital of Rs 50,000 (5,000 equity shares of Rs 10 each). With this acquisition, Aban Offshore will explore opportunity in deep water drilling.

On a consolidated basis, Aban Offshore reported net loss of Rs 274.74 crore in Q2 September 2016 as against net profit of Rs 59.56 crore in Q2 September 2015. Net sales declined 59.70% to Rs 399.01 crore in Q2 September 2016 over Q2 September 2015.

Aban Offshore owns and operates several offshore drilling rigs, drill ships, and a floating production facility.

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Axis Bank slips after announcing reduction in MCLR
Dec 19,2016

The announcement was made after market hours on Friday, 16 December 2016.

Meanwhile, the BSE Sensex was down 79.83 points, or 0.3%, to 26,409.73

On BSE, so far 55,000 shares were traded in the counter, compared with average daily volume of 7.13 lakh shares in the past one quarter. The stock hit a high of Rs 472.40 and a low of Rs 467.75 so far during the day. The stock hit a 52-week high of Rs 638 on 7 September 2016. The stock hit a 52-week low of Rs 366.65 on 18 January 2016. The stock had outperformed the market over the past 30 days till 16 December 2016, falling 0.35% compared with the 1% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, sliding 21.36% as against Sensexs 7.38% decline.

The large-cap private sector bank has equity capital of Rs 478.26 crore. Face value per share is Rs 2.

Axis Bank announced that it has reviewed and decided to reduce its marginal cost of funds based lending rates (MCLR) by 10 basis points (bps) in the overnight tenor and by 15 bps across all other tenors with effect from Saturday, 17 December 2016. The banks MCLR for overnight loans will be 8.55%, for one month will be 8.55% and for three months will be 8.75%. The MCLR on 6-month loans will be 8.85% and for one-year loans the rate would be 8.9%, the bank said. MCLR for two-year loans would be at 8.95% and loans with three-year maturity would carry an MCLR of 9%, the bank said.

Axis Banks net profit declined 83.34% to Rs 319.08 crore on 14.15% growth in total income to Rs 13698.77 crore in Q2 September 2016 over Q2 September 2015.

Axis Bank is one of the biggest private sector banks in India.

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