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Sharon Bio-Medicine spurts on business expansion plans
Jun 22,2016

The announcement was made after market hours yesterday, 21 June 2016.

Meanwhile, the S&P BSE Sensex was up 1.92 points or 0.01% at 26,814.70.

On BSE, so far 2.49 lakh shares were traded in the counter as against average daily volume of 1.23 lakh shares in the past one quarter. The stock hit a low of Rs 9.98 so far during the day. The stock had hit a 52-week high of Rs 32.55 on 16 December 2015. The stock had hit a 52-week low of Rs 8.40 on 2 June 2016. The stock had underperformed the market over the past one month till 21 June 2016, sliding 13.64% compared with Sensexs 5.97% rise. The scrip had also underperformed the market in past one quarter, declining 17.88% as against Sensexs 6.04% rise.

The small-cap company has equity capital of Rs 23.79 crore. Face value per share is Rs 2.

Sharon Bio-Medicines board of directors at its meeting held yesterday, 21 June 2016, discussed the current financial position of the company and decided to introduce more profitable products, increase capacity utilization and get the business to move in the regulated markets specifically the United States of America.

On consolidated basis, Sharon Bio-Medicine reported net loss of Rs 153.73 crore in Q3 March 2016, higher than net loss of Rs 56.43 crore in Q3 March 2015. Net sales declined 72.6% to Rs 35.77 crore in Q3 March 2016 over Q3 March 2015.

Sharon Bio-Medicine is engaged in manufacture of intermediates, active pharmaceutical ingredients (API) and finished dosage forms.

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Kwality gains after announcing funds raising plans
Jun 22,2016

The announcement was made after market hours yesterday, 21 June 2016.

Meanwhile, the S&P BSE Sensex was up 32.93 points or 0.12% at 26,843.18.

On BSE, so far 63,317 shares were traded in the counter as against average daily volume of 1.94 lakh shares in the past one quarter. The stock hit a high of Rs 111.70 and a low of Rs 109.90 so far during the day. The stock had hit a 52-week high of Rs 153.70 on 28 December 2015. The stock had hit a 52-week low of Rs 47.05 on 22 June 2015. The stock had underperformed the market over the past one month till 21 June 2016, falling 3.47% compared with the Sensexs 5.97% rise. The scrip had also underperformed the market in past one quarter, declining 4.65% as against Sensexs 6.04% rise.

The mid-cap company has equity capital of Rs 23.43 crore. Face value per share is Rs 1.

Kwalitys net profit fell 2.3% to Rs 33.35 crore on 5.9% growth in net sales to Rs 1439 crore in Q4 March 2016 over Q4 March 2015.

Kwality is a premier dairy foods providing company.

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Max Ventures debuts on the bourses
Jun 22,2016

Meanwhile, the S&P BSE Sensex was up 21 points or 0.08% at 26,833.78.

The stock debuted at Rs 45. The stock hit a high of Rs 47.25 and a low of Rs 44.80 so far during the day. On BSE, so far 22.53 lakh shares were traded in the counter.

Max Ventures and Industries (MVIL) debuted on the bourses today, 22 June 2016 pursuant to demerger of the erstwhile Max India. Pursuant to the scheme of arrangement, one share of MVIL earlier known as Capricorn Ventures was allotted for every five shares of Max Financial Services (MFSL) earlier known as Max India. Erstwhile Max India had earlier this year announced its demerger into three listed companies viz. MFSL, Max India and MVIL. MVIL will manage the investment in the manufacturing subsidiary, Max Speciality Films, which is an innovation leader in the speciality packaging films business. It will also evaluate new ideas in the wider world of business, including but not limited to sectors such as real estate, education and technology.

Meanwhile, promoter Analjit Singh controlled entities Siva Enterprises and PVT Ventures during market hours today, 22 June 2016, announced an open offer for acquisition of up to 1.84 crore fully paid-up equity shares of face value of Rs 10 each from the shareholders of MVIL, constituting 34.6% of the issued, subscribed, paid up and voting share capital of the company and 34.27% of the fully diluted voting share capital at Rs 31.50 per share aggregating to Rs 58.19 crore, subject to terms and conditions.

The open offer is being made pursuant to press release dated 27 January 2015 by one of the promoters of MVIL viz. Analjit Singh, in terms of which he had proposed to make open offer to buy equity shares in MVIL to increase the promoter group shareholding up to 75% of the share capital of MVIL. The acquirers Siva Enterprises and PVT Ventures are controlled by Analjit Singh and his relatives.

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Majesco gains after partnering with eGain
Jun 22,2016

The announcement was made after market hours yesterday, 21 June 2016.

Meanwhile, the S&P BSE Sensex was up 61.23 points or 0.23% at 26,874.01.

On BSE, so far 6,101 shares were traded in the counter as against average daily volume of 31,395 shares in the past one quarter. The stock hit a high of Rs 558.85 and a low of Rs 547.25 so far during the day. The stock had hit a record high of Rs 789 on 12 January 2016. The stock had hit a record low of Rs 288.60 on 10 September 2015. The stock had underperformed the market over the past one month till 21 June 2016, falling 2.64% compared with the Sensexs 5.97% rise. The scrip had also underperformed the market in past one quarter, declining 5.75% as against Sensexs 6.04% rise.

The mid-cap company has equity capital of Rs 11.57 crore. Face value per share is Rs 5.

As part of the alliance, Majesco will embed eGains knowledge-guided digital engagement capabilities into its insurance industry solution. The companies will also team together on joint business opportunities in engaging and serving clients.

eGains cloud-based customer engagement hub (CEH) consists of modular applications built on an open omnichannel platform. eGains digital capability is embedded in Majescos DigitalConnect solution and is a part of the Majesco Cloudlnsurer platform that unifies processes, technology, knowledge, interactions, and analytics and applies them across channels to enable greenfields, startups and existing insurers.

Majesco enables insurance business transformation for insurance customers by providing solutions which include software, consulting and services.

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HUL drops ex-dividend
Jun 22,2016

Meanwhile, the S&P BSE Sensex was up 10.62 points or 0.04% at 26,823.40.

On BSE, so far 5,793 shares were traded in the counter as against average daily volume of 1.02 lakh shares in the past one quarter. The stock hit a high of Rs 867 and a low of Rs 862.05 so far during the day. The stock had hit a 52-week low of Rs 765.35 on 27 January 2016. The stock had hit a 52-week high of Rs 944 on 8 July 2015. The stock had outperformed the market over the past one month till 21 June 2016, advancing 7.32% compared with Sensexs 5.97% rise. The scrip had, however, underperformed the market in past one quarter, sliding 0.94% as against Sensexs 6.04% rise.

The large-cap company has equity capital of Rs 216.42 crore. Face value per share is Rs 1.

Before turning ex-dividend, the stock offered a dividend yield of 1.08% based on the closing price of Rs 872.10 on BSE yesterday, 21 June 2016.

Hindustan Unilevers (HUL) net profit rose 7% to Rs 1089.59 crore on 3.4% growth in net sales to Rs 7809.40 crore in Q4 March 2016 over Q4 March 2015.

HUL is a leading fast moving consumer goods (FMCG) company.

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Tech Mahindra gains after acquiring UK based company
Jun 22,2016

The announcement was made before market hours today, 22 June 2016.

Meanwhile, the S&P BSE Sensex was down 18.30 points or 0.07% at 26,798.27.

On BSE, so far 7,549 shares were traded in the counter as against average daily volume of 1.99 lakh shares in the past one quarter. The stock hit a high of Rs 545 and a low of Rs 538.55 so far during the day.

The large-cap company has equity capital of Rs 485.40 crore. Face value per share is Rs 5.

Tech Mahindra announced that the Investment Committee of Board of Directors of the company on 21 June 2016 approved the proposal to acquire 100% stake in The Bio Agency Limited, a UK based entity. The company will be acquired for the enterprise value of GBP 40 million plus surplus cash not exceeding GBP 5 million as at the completion date. The payment of GBP 22 million and the surplus cash will be made upfront and the balance as deferred payments based on company performance. The closing of the transaction is expected to take place in the first week of July 2016. A part of the cash consideration is in deferred payments from 2017 to 2019 based on the company performance during the period FY 2017 to FY 2019. The management of Bio will be also awarded consideration based on revenue they bring to Tech Mahindra over next 3 years.

BIO, UK specializes in digital transformation and innovation, helping organizations change the way they engage with customers. It has revenues of GBP 12.5 million for the year ended 30 April 2016. The acquisition brings forth the synergy that will open up more clients for BIO globally, especially in US and Europe, scaling their offering geographically and enabling new services and deeper digital change.

Tech Mahindras consolidated net profit rose 18.15% to Rs 897 crore on 2.72% rise in revenue from services to Rs 6883.70 crore in Q4 March 2016 over Q3 December 2015.

Tech Mahindra is a specialist in digital transformation, consulting and business re-engineering solutions.

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FM radio operators edge higher
Jun 21,2016

Entertainment Network (India) (up 3.89% at Rs 750), D B Corp (up 1.76% at Rs 378.10), Jagran Prakashan (up 1.52% at Rs 173.95), HT Media (up 0.96% at Rs 78.70) and TV Today Network (up 0.77% at Rs 288.30) edged higher. Sun TV Network (down 0.89% at Rs 368.40) edged lower. Next Mediaworks was unchanged at Rs 22.25.

Meanwhile, the S&P BSE Sensex was down 51.03 points or 0.19% at 26,815.89.

The Ministry of Information and Broadcasting yesterday, 20 June 2016, issued the notice inviting applications (NIA) for e-auction of 266 FM radio channels in 92 cities in the second batch of Private FM Phase III. The second batch consists of 227 channels in 69 new cities besides 39 channels in 23 existing cities. The issuance of NIA for the second batch under Private FM Phase III will further the process of expansion of FM radio broadcasting services through private agencies (Phase-III). Applications are required to be submitted by 17:00 IST on 1 August 2016. Based on the applications, the Government of India (GoI) shall pre-qualify applicants who meet the eligibility criteria for participation in the auction.

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MphasiS gains after reports of CCI nod for acquistion of stake by Blackstone
Jun 21,2016

Meanwhile, the S&P BSE Sensex was down 23.90 points or 0.09% at 26,843.02.

On BSE, so far 5,420 shares were traded in the counter as against average daily volume of 25,388 shares in the past one quarter. The stock hit a high of Rs 551.25 and a low of Rs 539.50 so far during the day. The stock had hit a 52-week high of Rs 582.85 on 3 June 2016. The stock had hit a 52-week low of Rs 382.05 on 24 August 2015. The stock had outperformed the market over the past one month till 20 June 2016, gaining 15.94% compared with 6.19% gains in the Sensex. The scrip had also outperformed the market in past one quarter, rising 9.68% as against Sensexs 7.67% gains.

The large-cap company has equity capital of Rs 210.19 crore. Face value per share is Rs 10.

Competition Commission of India (CCI) reportedly cleared private equity major Blackstones multi-billion dollar deal to buy stake in MphasiS from the promoters of the company. In April this year, Blackstone had entered into a share purchase agreement (SPA) to acquire from the promoters of MphasiS up to 12.71 crore shares representing 60.17% stake in MphasiS at Rs 430 per share. Blackstone has also announced an open offer to the public equity shareholders of MphasiS to acquire up to 5.49 crore shares, representing 26% stake at Rs 457.54 per share, aggregating to total consideration of Rs 2513.18 crore as per the regulation after entering into the SPA.

Blackstone is a global alternative asset manager and provider of financial advisory services.

On consolidated basis, MphasiS consolidated net profit fell 10.87% to Rs 154.76 crore on 0.03% rise in net sales to Rs 1517.27 crore in Q4 March 2016 over Q3 December 2015.

MphasiS is a IT solutions provider, offering applications, business process outsourcing (BPO) and infrastructure services globally through a combination of technology knowhow, domain and process expertise.

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Quick Heal Tech inches up after launching cyber security consulting services
Jun 21,2016

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

Meanwhile, the S&P BSE Sensex was down 23.90 points or 0.09% at 26,843.02.

On BSE, so far 43,000 shares were traded in the counter as against average daily volume of 2.73 lakh shares in the past one quarter. The stock rose as much as 2.1% at the days high of Rs 273.80 so far during the day. The stock rose 0.41% at the days low of Rs 269.25 so far during the day. The stock had hit a record high of Rs 329.95 on 18 February 2016. The stock had hit a record low of Rs 180 on 29 February 2016. The stock had outperformed the market over the past one month till 20 June 2016, advancing 11.31% compared with Sensexs 6.19% rise. The scrip had also outperformed the market in past one quarter, surging 21.06% as against Sensexs 7.67% rise.

Quick Heal Technologies announced that it has launched Seqrite Services to offer cyber security consulting and Quick Heal Academy to impart cyber security education programs, globally.

On consolidated basis, Quick Heal Technologies net profit rose 63.7% to Rs 37.82 crore on 26.3% growth in net sales to Rs 131.44 crore in Q4 March 2016 over Q4 March 2015.

Quick Heal Technologies is one of the leading providers of security software products and solutions in India.

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Hinduja Global gains after subsidiary bags contract
Jun 21,2016

The announcement was made during market hours today, 21 June 2016.

Meanwhile, the BSE Sensex was down 72.04 points, or 0.22%, to 26,809.14.

On BSE, so far 95 shares were traded in counter, compared with an average volume of 6,866 shares in the past one quarter. The stock hit a high of Rs 420 and low of Rs 415.45 so far during the day. The stock hit a 52-week high of Rs 599.50 on 10 August 2015. The stock hit a 52-week low of Rs 365 on 29 February 2016. The stock had underperformed the market over the past one month till 20 June 2016, gaining 5.96% compared with 6.19% gains in the Sensex. The scrip had also underperformed the market in past one quarter, rising 6.5% as against Sensexs 7.67% gains.

The small-cap company has an equity capital of Rs 20.73 crore. Face value per share is Rs 10.

HGS Colibrium, Inc., (Colibrium), a subsidiary of Hinduja Global Solutions (HGS) partnered with Health Alliance Medical Plans to implement Colibriums Tuo Marketplace to provide a sales-automation solution for individual and group markets. Founded in 2005, Colibrium, delivers integrated software solutions designed specifically for the health insurance industry.

Health Alliance looks to transformational platform to sell and service health plans and optimize member engagement prior to fall open enrollment. In advance of the next open enrollment period, which begins 1 November, Colibrium will deploy Tuo Marketplace for the Health Alliance individual market segment. Tuo Marketplace enables direct-to consumer health plan shop, compare and enroll capabilities for online sales, and provides brokers and agents with state-of-the-art tools to engage, inform and enroll prospective clients.

Based in Urbana, IL, Health Alliance serves more than 3 lakh members in the Under 65 and Group market segments in downstate Illinois, Iowa, Nebraska and Washington. Tuo Marketplace will replace Health Alliance Medical Plans current online enrollment program, and will be leveraged to deliver a superior digital customer experience.

Hinduja Global Solutions (HGSL)s consolidated net profit jumped 138.39% to Rs 40.79 crore on 3.51% rise in net sales to Rs 913.93 crore in Q4 March 2016 over Q3 December 2015.

HGSL provides a full suite of business process management (BPM) services from consumer interaction solutions to platform based back office services and digital enablement solutions.

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Kesar Terminals spurts as board to consider issue of bonus shares
Jun 21,2016

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

Meanwhile, the S&P BSE Sensex was down 78.32 points or 0.29% at 26,788.60.

On BSE, so far 1,629 shares were traded in the counter as against average daily volume of 2,080 shares in the past one quarter. The stock hit a high of Rs 534.50 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 495 so far during the day. The stock had hit a 52-week low of Rs 330 on 25 August 2015. The stock had outperformed the market over the past one month till 20 June 2016, advancing 10.8% compared with Sensexs 6.19% rise. The scrip had also outperformed the market in past one quarter, surging 18.84% as against Sensexs 7.67% rise.

The small-cap company has equity capital of Rs 5.25 crore. Face value per share is Rs 10.

On consolidated basis, Kesar Terminals & Infrastructures net profit rose 66.4% to Rs 4.21 crore on 4.1% growth in net sales to Rs 11.02 crore in Q4 March 2016 over Q4 March 2015.

Kesar Terminals is a diversified company with interests in manufacture of sugar, alcohol, production of hybrid seeds and in the service sector.

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Apollo Hospitals gains after signing MoU with Chinese company
Jun 21,2016

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

Meanwhile, the S&P BSE Sensex was down 43.68 points or 0.16% at 26,823.24.

On BSE, so far 772 shares were traded in the counter as against average daily volume of 15,817 shares in the past one quarter. The stock hit high of Rs 1,316 and low of Rs 1,305.60 so far during the day.

Apollo Hospitals Enterprise said that it signed Memorandum of Understanding (MoU) with Chinas Hainan Ecological Smart City Group (HESCG) to jointly build a hospital in Hainan Province, China, where a Smart City is being developed in Chinas largest Special Economic Zone. HESCG is a Chinese industrial park development and operations company from the Hainan province of China. The collaboration with Apollo Hospitals would begin with the development of a state of the art hospital and the colleges and will lead to the development of advanced healthcare IT systems and telemedicine solutions. The MoU is also aimed at expanding to other parts of China and also extend into India with suitable model of collaboration which will be discussed post the signing of the MoU.

HESCG will provide land, all the investments for the construction, commissioning and equipping the hospital besides all operative expenses, while Apollo Hospitals Group would provide its services for technical consulting, planning and commissioning of the hospital and post completion of the hospital, provide services for the operations and management of the hospital. Apollo Hospitals would also support in building the technical and management personnel, install its acclaimed patient care clinical protocols and practices, the company said in a statement.

Apollo Hospitals Enterprises net profit fell 2.1% to Rs 75.69 crore on 16% rise in net sales to Rs 1396.26 crore in Q4 March 2016 over Q4 March 2015.

Apollo Hospitals is one of Asias largest healthcare groups.

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V-Guard Inds slips on profit booking
Jun 20,2016

Meanwhile, the S&P BSE Sensex was up 228.17 points or 0.86% at 26,854.08.

On BSE, so far 3,741 shares were traded in the counter as against average daily volume of 47,264 shares in the past one quarter. The stock hit a high of Rs 1,399.80 and a low of Rs 1,344.45 so far during the day. The stock had hit a record high of Rs 1,464.80 on Friday, 17 June 2016. The stock had hit a 52-week low of Rs 786.60 on 12 February 2016. The stock had outperformed the market over the past one month till 17 June 2016, advancing 16.92% compared with Sensexs 3.31% rise. The scrip had also outperformed the market in past one quarter, surging 66.51% as against Sensexs 7.9% rise.

The mid-cap company has equity capital of Rs 30.10 crore. Face value per share is Rs 10.

Shares of V-Guard Industries had rallied 7.37% in the preceding four trading sessions to settle at Rs 1,392.50 on Friday, 17 June 2016, from its close of Rs 1,296.90 on 13 June 2016. The stock had surged 5.33% in a single trading session on Friday, 17 June 2016, after the company after market hours on 16 June 2016, announced a 10-for-1 stock split. The stock-split proposal is aimed at improving the liquidity of the stock in the secondary equity market and also to make the stock affordable to small investors.

V-Guard Industries net profit jumped 109.1% to Rs 41.97 crore on 16% growth in net sales to Rs 510.07 crore in Q4 March 2016 over Q4 March 2015.

V-Guard Industries makes consumer electrical and electronics products. The companys product range includes Voltage Stabilizer, Digital UPS, Inverter and Inverter Batteries, Electric Water Heaters, Solar Water Heaters, Domestic Pumps, Agricultural Pumps, Industrial Motors, Domestic Switch Gears, Distribution Boards, Wiring Cables, Industrial Cables, Induction Cooktops, Mixer Grinders and Fans.

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Pharma stocks gain after Govt eases FDI rules
Jun 20,2016

The government made the announcement during market hours today, 20 June 2016.

Meanwhile, the S&P BSE Sensex was up 240.76 points or 0.9% at 26,866.67.

Sun Pharmaceutical Industries (up 0.03%), Aurobindo Pharma (up 1.62%), Cipla (up 0.61%), Wockhardt (up 1.84%), Dr Reddys Laboratories (up 1.4%), Divis Laboratories (up 0.89%), and Glenmark Pharmaceuticals (up 1.74%) gained. Lupin declined 0.14%.

Cadila Healthcare rose 1.16% after the company said it has strengthened its US portfolio with the acquisition of two abbreviated new drug applications (ANDAs) from Teva that are being divested by Teva as a pre-condition to its acquisition of Allergans generic business. The acquisition of these ANDAs is contingent on the closing of the Teva-Allergan Generics transaction and approval by the US Federal Trade Commission, Cadila said. The company did not disclose the financial details of the transaction.

Cadila said that the ANDAs have been acquired by its 100% subsidiary, Zydus Worldwide DMCC and the transaction will be financed through the groups internal accruals. The acquired portfolio comprises an ANDA which is already commercialised and one pipeline ANDA which is a transdermal patch. The estimated market size of the two ANDAs put together is nearly $200 million, Cadila said in a statement. The announcement was made during market hours today, 20 June 2016.

Meanwhile, the Union Government has radically liberalized the foreign direct investment (FDI) regime today, 20 June 2016 with the objective of providing major impetus to employment and job creation in India. The decision was taken at a high-level meeting chaired by Prime Minister Narendra Modi. This is the second major reform after the last radical changes announced in November 2015. Now most of the sectors would be under automatic approval route, except a small negative list. With these changes, India is now the most open economy in the world for foreign direct investment (FDI), government added in a statement.

It was felt that the country has potential to attract far more foreign investment which can be achieved by further liberalizing and simplifying the FDI regime. Accordingly the Government has decided to introduce a number of amendments in the FDI Policy. Changes introduced in the policy include increase in sectoral caps, bringing more activities under automatic route and easing of conditionalities for foreign investment. These amendments seek to further simplify the regulations governing FDI in the country and make India an attractive destination for foreign investors.

With the objective of promoting the development of this pharma sector, government has decided to permit up to 74% FDI under automatic route in brownfield pharmaceuticals and government approval route beyond 74% will continue. The extant FDI policy on pharmaceutical sector provided for 100% FDI under automatic route in greenfield pharma and FDI up to 100% under government approval in brownfield pharma.

Weak rupee also aided gains in pharma stocks. Weakness in rupee could boost sales of pharma companies in rupee terms as pharma firms derive substantial revenue from exports.

In the foreign exchange market, the partially convertible rupee was hovering at 67.44, compared with its close of 67.08 during the previous trading session. The rupee edged lower against the dollar after The Reserve Bank of India (RBI) Governor Raghuram Rajans surprise announcement over the weekend he would step down as RBI Governor when his term ends on 4 September 2016. Rajans leaving is negative for the currency because he has been credited with stabilizing it against the dollar.

The BSE Healthcare index had underperformed the market over the past one month till 17 June 2016, falling 4.48% compared with 3.31% rise in the Sensex. The index had also underperformed the market in past one quarter, declining 3.57% as against Sensexs 7.9% rise.

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Aviation stocks surge as Govt relaxes FDI norms
Jun 20,2016

SpiceJet (up 6.51% at Rs 68.75), Jet Airways (India) (up 5.54% at Rs 580.45) and InterGlobe Aviation (up 3.73% at Rs 1,048) edged higher.

Meanwhile, the S&P BSE Sensex was up 214.46 points or 0.81% at 26,840.37.

The government has decided to permit 100% foreign direct investment (FDI) under automatic route in brownfield airport projects with a view to aid in modernization of the existing airports to establish a high standard and help ease the pressure on the existing airports.

The government has decided to raise the foreign investment limit in scheduled air transport service/domestic scheduled passenger airline and regional air transport service to 100%, with FDI up to 49% under automatic route and FDI beyond 49% through government approval. For NRIs, 100% FDI will continue to be allowed under automatic route. However, foreign airlines would continue to be allowed to invest in capital of Indian companies operating scheduled and non-scheduled air-transport services up to the limit of 49% of their paid-up capital and subject to the laid down conditions in the existing policy.

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