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Centum Electronics gains acquiring Frances Adetel Group
Jun 17,2016

The announcement was made during trading hours today, 17 June 2016.

Meanwhile, the BSE Sensex was up 68.31 points, or 0.25%, to 26,592.01.

On BSE, so far 14,000 shares were traded in the counter, compared with an average volume of 2.25 lakh shares in the past one quarter. The stock hit a high of Rs 583.40 and a low of Rs 540.10 so far during the day. The stock hit a record high of Rs 931.50 on 7 August 2015. The stock hit a 52-week low of Rs 478 on 29 February 2016. The stock had underperformed the market over the past one month till 16 June 2016, rising 1.65% compared with 3.19% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 7.63% as against Sensexs 6.30% rise.

The small-cap company has an equity capital of Rs 12.71 crore. Face value per share is Rs 10.

As part of Centum Electronics global expansion strategy, the new acquisition strengthens Centums design services offering in the global markets. Adetel specializes in design, development and industrialization of embedded electronic systems for defence, aerospace, industrial, transportation, medical and energy sectors. Centum Electronics will hold 51% controlling stake in Adetel Group.

The new partnership translates to greater international presence for the group, both in terms of operations and scale for its products, technologies and competencies. The group can leverage on the high technology capabilities & creativity of Adetel along with the cost competitiveness of India and Centum in particular to increase their market share in the Global Markets, Centum Electronics said in a statement.

On a consolidated basis, net profit of Centum Electronics declined 49.16% to Rs 6.97 crore on 6.35% decline in net sales to Rs 116.39 crore in Q4 March 2016 over Q4 March 2015.

Centum Electronics is a diversified electronics company offering a broad range of products and services in defence, aerospace, space, industrial, medical and communications.

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Centum Electronics gains after acquiring Frances Adetel Group
Jun 17,2016

The announcement was made during trading hours today, 17 June 2016.

Meanwhile, the BSE Sensex was up 68.31 points, or 0.25%, to 26,592.01.

On BSE, so far 14,000 shares were traded in the counter, compared with an average volume of 2.25 lakh shares in the past one quarter. The stock hit a high of Rs 583.40 and a low of Rs 540.10 so far during the day. The stock hit a record high of Rs 931.50 on 7 August 2015. The stock hit a 52-week low of Rs 478 on 29 February 2016. The stock had underperformed the market over the past one month till 16 June 2016, rising 1.65% compared with 3.19% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 7.63% as against Sensexs 6.30% rise.

The small-cap company has an equity capital of Rs 12.71 crore. Face value per share is Rs 10.

As part of Centum Electronics global expansion strategy, the new acquisition strengthens Centums design services offering in the global markets. Adetel specializes in design, development and industrialization of embedded electronic systems for defence, aerospace, industrial, transportation, medical and energy sectors. Centum Electronics will hold 51% controlling stake in Adetel Group.

The new partnership translates to greater international presence for the group, both in terms of operations and scale for its products, technologies and competencies. The group can leverage on the high technology capabilities & creativity of Adetel along with the cost competitiveness of India and Centum in particular to increase their market share in the Global Markets, Centum Electronics said in a statement.

On a consolidated basis, net profit of Centum Electronics declined 49.16% to Rs 6.97 crore on 6.35% decline in net sales to Rs 116.39 crore in Q4 March 2016 over Q4 March 2015.

Centum Electronics is a diversified electronics company offering a broad range of products and services in defence, aerospace, space, industrial, medical and communications.

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Coal India gains as Coal Secretary urges use of domestic coal
Jun 17,2016

Meanwhile, the S&P BSE Sensex was up 88.93 points or 0.34 at 26,614.39.

On BSE, so far 1.72 lakh shares were traded in the counter as against average daily volume of 5.07 lakh shares in the past one quarter. The stock hit a high of Rs 314.35 and low of Rs 308.10 so far during the trading session. The stock had hit record high of Rs 447.25 on 5 August 2015. The stock had hit 52-week low of Rs 272.05 on 12 April 2016. The stock had outperformed the market over the past one month till 16 June 2016, surging 8.61% compared with the Sensexs 3.4% rise. The scrip had underperformed the market in past one quarter, gaining 3.92% as against the Sensexs 7.47% rise.

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

Swarup said during the inauguration of a two-day conference on power sector in Goa yesterday, 16 June 2016, that from a shortage situation sometime back, there are not many takers now for the 550 MT coal stock. He further said that Coal India has set up processes for auction of coal to public and private entities and a dispute resolution mechanism has also been set up by the government wherein disputes between states can also be resolved. State-run Coal India is Indias biggest coal miner. The Coal India stock price had lost 0.75% to settle at Rs 307.20 yesterday, 16 June 2016, when the Sensex fell 200.88 points or 0.75% to settle at 26,525.46.

Swarup also said that the dues to be paid to Coal India have gone up significantly which might result into pushing the company into red.

Coal Indias consolidated net profit rose 0.2% to Rs 4247.93 crore on 0.1% fall in net sales to Rs 20759.45 crore.

The Government of India holds 79.65% stake in Coal India (as per the shareholding pattern as on 31 March 2016).

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GOCL Corporation spurts after subsidiary bags order
Jun 17,2016

The announcement was made during trading hours today, 17 June 2016.

Meanwhile, the BSE Sensex was up 85.85 points, or 0.32%, to 26,611.31.

On BSE, so far 63,000 shares were traded in the counter, compared with an average volume of 19.59 lakh shares in the past one quarter. The stock hit a high of Rs 184 and a low of Rs 157.50 so far during the day. The stock hit a 52-week high of Rs 184 on 17 June 2016. The stock hit a 52-week low of Rs 120 on 26 February 2016. The stock had underperformed the market over the past one month till 16 June 2016, falling 5.28% compared with 3.19% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 15.21% as against Sensexs 6.30% rise.

The small-cap company has an equity capital of Rs 9.91 crore. Face value per share is Rs 2.

GOCL Corporation said that its wholly-owned subsidiary, IDL Explosives (IDLEL), bagged an order worth Rs 127.71 crore for supplying of bulk explosives, cartridge explosives, nonel and detonators for blasting at all the open cast projects and underground coal mines of the Singareni Collieries Company for 2 years. The order will be catered by IDLEL and GOCL Corporation.

Net profit of GOCL Corporation declined 68.11% to Rs 0.96 on 24.18% decline in net sales to Rs 22.52 crore in Q4 March 2016 over Q4 March 2015.

GOCL Corporation, formerly Gulf Oil Corporation, is engaged in the business of energetics, mining and infrastructure services and realty.

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Volumes jump at JK Lakshmi Cement counter
Jun 17,2016

JK Lakshmi Cement clocked volume of 1.63 lakh shares by 12:44 IST on BSE, a 19.49-times surge over two-week average daily volume of 8,000 shares. The stock rose 1.91% to Rs 378.45.

Emami notched up volume of 9.93 lakh shares, a 12.15-fold surge over two-week average daily volume of 82,000 shares. The stock fell 0.63% to Rs 1,001

Max Financial Services saw volume of 7.09 lakh shares, a 11.26-fold surge over two-week average daily volume of 63,000 shares. The stock rose 13.83% to Rs 488. The board of Max Financial Services and HDFC Standard Life Insurance Company (HDFC Life), a material non-listed subsidiary of HDFC, have approved entering into a confidentiality, exclusivity and standstill agreement to evaluate a proposal for a potential combination through a merger of Max Life Insurance Company and Max Financial Services with HDFC Life by way of a scheme of arrangement.

The proposed arrangements would be subject to due diligence, definitive documentation and applicable board, shareholder, regulatory, respective High Courts / NCLT, and other third party approvals, as may be applicable. The regulatory statements were issued by Max Financial Services and HDFC separately during trading hours today, 17 June 2016.

Reliance Industrial Infrastructure clocked volume of 7.21 lakh shares, a 10.31-fold surge over two-week average daily volume of 70,000 shares. The stock rose 12.65% to Rs 459.05.

Central Bank of India saw volume of 7.49 lakh shares, a 9.66-fold rise over two-week average daily volume of 77,000 shares. The stock rose 10.97% to Rs 103.70.

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Bharti Infratel languishes in negative zone after downgrade of rating from foreign brokerage
Jun 17,2016

The stock was off 2.6% at Rs 339.05 at 12:37 IST on BSE.

Meanwhile, the S&P BSE Sensex was up 84.92 ponits or 0.32% at 26,610.38.

On BSE, so far 1.06 lakh shares were traded in the counter as against average daily volume of 82,743 shares in the past one quarter. The stock hit a low of Rs 334.30 so far during the trading session, which is a 52-week low for the counter. The stock hit a high of Rs 351.85 so far during the day. The stock had hit a 52-week high of Rs 500 on 5 August 2015. The stock had underperformed the market over the past one month till 16 June 2016, sliding 9.49% compared with the Sensexs 3.4% rise. The scrip had also underperformed the market in past one quarter, sliding 5.20% as against the Sensexs 7.47% rise.

The large-cap company has equity capital of Rs 1896.67 crore. Face value per share is Rs 10.

The foreign brokerage has reportedly said in its latest research report on Bharti Infratel that consolidation in telecom industry could see reduced demand for new telecom towers. The brokerage also expects increased competition in the mobile tower sector. The brokerage is of the view that active infrastructure sharing by telecom firms will result in lower tenancy growth for telecom tower companies, according to reports. Bharti Infratel is one of the worlds largest telecom tower infrastructure providers that deploys, owns and manages telecom towers and communication structures for wireless operators.

The brokerage downgrade on the Bharti Infratel stock comes at a time when the scrip is already under pressure due to the stock turning ex-date for share buyback recently. The stock has declined 10.85% in just three trading sessions from its close of Rs 380.35 on 14 June 2016, after the stock turned ex-date on 15 June 2016 for share buyback. Before turning ex-date for share buyback, the buyback price of Rs 425 per share remained at a premium to the stocks ruling market price. The company set 16 June 2016 as the record date for buyback of equity shares on a proportionate basis from the exiting shareholders through the tender offer route. The company will acquire about 4.7 crore shares, representing 2.48% of the total issued and paid-up equity capital of the company under the buyback progremme. The company will spend almost Rs 2000 crore for the share buyback.

The companys promoter Bharti Airtel has decided to participate in the buyback programme. Bharti Airtel intends to offer at least such number of shares which is equal to its pro rata entitlement under the buyback. In addition, Bharti Airtel may offer additional shares in the buyback as it may determine subsequently, according to the public announcement on buyback issued by Bharti Infratel on 13 June 2016.

Bharti Infratels consolidated net profit rose 18.7% to Rs 661.70 crore on 7.3% growth in net sales to Rs 3161.90 crore in Q4 March 2016 over Q4 March 2015.

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HDFC, Max Financial Services firm up on potential merger of insurance units
Jun 17,2016

Index heavyweight and housing finance major HDFC was up 1.32% at Rs 1217.10.

Max Financial Services was up 13.53% at Rs 486.70.

Meanwhile, the S&P BSE Sensex was up 84.91 points, or 0.32% at 26,610.37.

The board of Max Financial Services and HDFC Standard Life Insurance Company (HDFC Life), a material non-listed subsidiary of HDFC, have approved entering into a confidentiality, exclusivity and standstill agreement to evaluate a proposal for a potential combination through a merger of Max Life Insurance Company and Max Financial Services with HDFC Life by way of a scheme of arrangement.

The proposed arrangements would be subject to due diligence, definitive documentation and applicable board, shareholder, regulatory, respective High Courts / NCLT, and other third party approvals, as may be applicable. The regulatory statements were issued by Max Financial Services and HDFC separately during trading hours today, 17 June 2016.

Max Life is a joint venture between Max Financial Services and Mitsui Sumitomo Insurance (MSI), a Japan headquartered global leader in insurance. Max Financial Services holds 68.01% equity in Max Life, while MSI holds 26%.

HDFC Standard Life Insurance Company (HDFC Life) is a partnership between HDFC, Indias leading housing finance institution and Standard Life, a global long term investment savings player. Currently HDFC holds 61.63% and Standard Life (Mauritius Holdings) 2006 holds 35% of equity in HDFC Life, while the rest is held by others.

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Ujaas Energy jumps after receiving contract
Jun 17,2016

The announcement was made after market hours yesterday, 16 June 2016.

Meanwhile, the BSE Sensex was 120.32 points, or 0.45%, to 26,643.28.

On BSE, so far 2.35 lakh shares were traded in the counter, compared with an average volume of 74.66 lakh shares in the past one quarter. The stock hit a high of Rs 25.80 and a low of Rs 24.50 so far during the day. The stock hit a 52-week high of Rs 31.90 on 6 January 2016. The stock hit a 52-week low of Rs 13.65 on 1 September 2015. The stock had outperformed the market over the past one month till 16 June 2016, rising rising 6.31% compared with 3.19% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, rising 3.28% as against Sensexs 6.30% rise.

The small-cap company has an equity capital of Rs 20 crore. Face value per share is Re 1.

Ujaas Energy said it has received an order for designing, engineering, procurement & supply, construction & erection, testing & commissioning and comprehensive operation & maintenance for 10 years of 3 megawatts (AC) solar pv power plant on turnkey basis at Aligarh Muslim University, Firdaus Nagar, Aligarh, Uttar Pradesh. The contract is worth Rs 20.66 crore.

Net profit of Ujaas Energy rose 77.56% to Rs 13.85 crore on 234.18% rise in net sales to Rs 166.99 crore in Q4 March 2016 over Q4 March 2015.

Ujaas Energy is engaged in design of various products and solutions for producing clean energy.

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Kajaria Ceramics scales lifetime high after stock-split announcement
Jun 17,2016

Meanwhile, the S&P BSE Sensex was up 112.12 points or 0.42% at 26,637.58

On BSE, so far 4,883 shares were traded in the counter as against average daily volume of 10,947 shares in the past one quarter. The stock hit a high of Rs 1,204.90 so far during the trading session, which is a record high for the counter. The stock hit a low of Rs 1,178.50 so far during the day. The stock had hit a 52-week low of Rs 607.35 on 25 August 2015. The stock had outperformed the market over the past one month till 16 June 2016, surging 11.14% compared with the Sensexs 3.4% rise. The scrip had also underperformed the market in past one quarter, surging 24.57% as against the Sensexs 7.47% rise.

The mid-cap company has equity capital of Rs 15.89 crore. Face value per share is Rs 2.

Each equity share of Rs 2 fully paid up will be divided into 2 equity shares of Rs 1 fully paid up. The primary motive of the stock-split proposal is to improve the liquidity in companys shares in the secondary equity market and to make the shares more affordable to small investors.

Based on consolidated financial performance, the companys net profit rose 27.8% to Rs 66.04 crore on 11.9% growth in net sales to Rs 655.12 crore in Q4 March 2016 over Q4 March 2015.

Kajaria Ceramics manufactures ceramic/vitrified tiles. It has an annual aggregate capacity of 68.60 million square meters, distributed across nine plants -- Sikandrabad in Uttar Pradesh, Gailpur & Malootana in Rajasthan, five plants in Gujarat and one at Vijayawada in Andhra Pradesh.

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MEP Infrastructure Developers gains after winning NHAI contract
Jun 17,2016

The announcement was made during trading hours today, 17 June 2016.

Meanwhile, the BSE Sensex was up 117.39 points, or 0.44%, to 26,642.85.

On BSE, so far 47,000 shares were traded in the counter, compared with an average volume of 50.54 lakh shares in the past one quarter. The stock hit a high of Rs 38.50 and a low of Rs 37.50 so far during the day. The stock hit a 52-week high of Rs 67 on 17 July 2015. The stock hit a 52-week low of Rs 34.20 on 12 February 2016. The stock had underperformed the market over the past one month till 16 June 2016, sliding 8.13% compared with 3.19% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 3.54% as against Sensexs 6.30% rise.

The small-cap company has an equity capital of Rs 162.57 crore. Face value per share is Rs 10.

MEP Infrastructure Developers (MEP) in joint venture with Sanjose India Infrastructure & Construction has been declared as the successful bidder (L1) by National Highways Authority of India (NHAI) for a road project.

The project involves four laning of Mahuva to Kagavadar of National Highway (NH)-8E in Gujarat on hybrid annuity mode. Construction period is 2.5 years from the appointed date. Concession period is 15 years (excluding the 2.5-year construction period). The net present value (NPV) of bid project cost and operation & maintenance (O&M) bid is of Rs 586.96 crore. The company will receive bi-anual annuity from NHAI post commercial operaion date.

Further, we wish to inform that MEP Infrastructure Developers - Sanjose India Infrastructure & Construction n++ joint venture, (hybrid annuity) order book stands at Rs 3836.99 crore to be executed over the next 2-1/2 years (from the appointed date).

On a consolidated basis, net profit of MEP Infrastructure Developers declined 9.69% to Rs 10.06 crore on 2.14% rise in net sales to Rs 516.26 crore in Q4 March 2016 over Q4 March 2015.

MEP Infrastructure Developers is among the leading players in tolling operations in the road infrastructure sector.

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V-Guard Industries hits record high after announcement of stock split
Jun 17,2016

Meanwhile, the S&P BSE Sensex was up 114.77 points or 0.43% at 26,640.23.

On BSE, so far 23,954 shares were traded in the counter as against average daily volume of 46,773 shares in the past one quarter. The stock hit a high of Rs 1,464.80 so far during the trading session, which is a record high for the counter. The stock hit a low of Rs 1,356.50 so far during the day. 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 16 June 2016, surging 10.41% compared with the Sensexs 3.4% rise. The scrip had also underperformed the market in past one quarter, soaring 58.12% as against the Sensexs 7.47% rise.

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

Each equity share of face value of Rs 10 each will be split into ten equity shares of face value of Rs 1 each. 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.

The companys 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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Carborundum Universal gains after RBI withdraws ban on share purchases by foreign investors
Jun 17,2016

Meanwhile, the BSE Sensex was up 154.26 points, or 0.58%, to 26,679.72.

On BSE, so far 3,594 shares were traded in the counter, compared with an average volume of 7.80 lakh shares in the past one quarter. The stock hit a high of Rs 225.80 and a low of Rs 221.15 so far during the day. The stock hit a record high of Rs 230 on 1 June 2016. The stock hit a 52-week low of Rs 154 on 1 October 2015. The stock had underperformed the market over the past one month till 16 June 2016, rising 1.90% compared with 3.19% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 27.16% as against Sensexs 6.30% rise.

The mid-cap company has an equity capital of Rs 18.84 crore. Face value per share is Re 1.

The Reserve Bank of India (RBI) notified yesterday, 16 June 2016, that the aggregate share holdings in Carborundum Universal by foreign institutional investors (FIIs)/registered foreign portfolios investors (RFPIs) have gone below the prescribed threshold caution limit stipulated under the extant foreign direct investment (FDI) policy. Hence the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect. Equity shares of Carborundum Universal can now be purchased through primary market and stock exchanges, RBI said.

On a consolidated basis, net profit of Carborundum Universal declined 39.84% to Rs 39.74 crore on 13.59% rise in net sales to Rs 528.38 crore in Q4 March 2016 over Q4 March 2015.

Carborundum Universal manufactures and sells abrasives, ceramics (industrial ceramics and refractories) and electrominerals.

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Bharti Infratel hits 52-week low
Jun 17,2016

Meanwhile, the S&P BSE Sensex was up 138.28 points or 0.52% at 26,663.74.

On BSE, so far 72,500 shares were traded in the counter as against average daily volume of 82,743 shares in the past one quarter. The stock hit a low of Rs 334.30 so far during the trading session, which is a 52-week low for the counter. The stock hit a high of Rs 351.85 so far during the day. The stock had hit a 52-week high of Rs 500 on 5 August 2015. The stock had underperformed the market over the past one month till 16 June 2016, sliding 9.49% compared with the Sensexs 3.4% rise. The scrip had also underperformed the market in past one quarter, sliding 5.20% as against the Sensexs 7.47% rise.

The large-cap company has equity capital of Rs 1896.67 crore. Face value per share is Rs 10

The stock has declined 10.5% in just three trading sessions from its close of Rs 380.35 on 14 June 2016. Before turning ex-date for share buyback, the buyback price of Rs 425 per share remained at a premium to the stocks ruling market price. The company set 16 June 2016 as the record date for buyback of equity shares on a proportionate basis from the exiting shareholders through the tender offer route. The company will acquire about 4.7 crore shares, representing 2.48% of the total issued and paid-up equity capital of the company under the buyback progremme. The company will spend almost Rs 2000 crore for the share buyback.

The companys promoter Bharti Airtel has decided to participate in the buyback programme. Bharti Airtel intends to offer at least such number of shares which is equal to its pro rata entitlement under the buyback. In addition, Bharti Airtel may offer additional shares in the buyback as it may determine subsequently, according to the public announcement on buyback issued by Bharti Infratel on 13 June 2016.

Besides the stock turning ex-date for share buyback through the tender offer route, another trigger for the stocks recent steep slide is a downgrade of the rating on the stock to underperform from buy from a foreign brokerage. The foreign brokerage has also reportedly slashed its 12-month target price on Bharti Infratel to Rs 232 from Rs 440 earlier. According to reports, the foreign brokerage has downgraded the Bharti Infratel stock as it expects slower than expected telecom data growth. The brokerage firm sees risk of rental renewals that may lead to telcom firms being offered discounts. The brokerage has reportedly slashed its projected earnings per share (EPS) for Bharti Infratel by 5-9 per cent for a period of three years from FY 2017 to FY 2019 factoring in higher-than-expected inflation in rental costs.

Bharti Infratels consolidated net profit rose 18.7% to Rs 661.70 crore on 7.3% growth in net sales to Rs 3161.90 crore in Q4 March 2016 over Q4 March 2015.

Bharti Infratel is one of the worlds largest telecom tower infrastructure providers that deploys, owns and manages telecom towers and communication structures for wireless operators.

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HDFC, Max Financial Services in demand
Jun 17,2016

Index heavyweight and housing finance major HDFC was up 1.10% at Rs 1214.50.

Max Financial Services was up 19.43% at Rs 512.

Meanwhile, the S&P BSE Sensex was up 110.21 points, or 0.42% at 26,635.67.

According to a media report, HDFC Life and Max Life are in talks to create the countrys biggest private life insurer as stiff competition and regulatory hurdles force firms to find new ways of growing market share and profitability. The board of HDFC Life is meeting in Mumbai today, 17 June 2016, to discuss the proposal, the report said.

Max Life is a joint venture between Max Financial Services and Mitsui Sumitomo Insurance (MSI), a Japan headquartered global leader in insurance. Max Financial Services holds 68.01% equity in Max Life, while MSI holds 26%.

HDFC Standard Life Insurance Company (HDFC Life) is a partnership between HDFC, Indias leading housing finance institution and Standard Life, a global long term investment savings player. Currently HDFC holds 61.63% and Standard Life (Mauritius Holdings) 2006 holds 35% of equity in HDFC Life, while the rest is held by others.

Reports added that it will be a dual merger, where HDFC Life would merge with Max Life and later the merged entity would merge with Max Financial Services.

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Alstom T&D turns volatile as promoters to pare stake
Jun 17,2016

The announcement was made after market hours yesterday, 16 June 2016.

Meanwhile, the BSE Sensex was up 172.42 points, or 0.65%, to 26,697.88.

On BSE, so far 539 shares were traded in the counter, compared with an average volume of 6.99 lakh shares in the past one quarter. Trading in the counter was volatile. The stock rose 1.28% at the days of Rs 369.30 in early trade. The stock rose 0.37% at the days low of Rs 366.30 in early trade. The stock hit a 52-week high of Rs 607.05 on 9 July 2015. The stock hit a 52-week low of Rs 325.75 on 25 May 2016. The stock had outperformed the market over the past one month till 16 June 2016, rising 3.83% compared with 3.19% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 5.35% as against Sensexs 6.30% rise.

The mid-cap company has an equity capital of Rs 51.21 crore. Face value per share is Rs 2.

Alstom T&D India said that the market regulator Securities and Exchange Board of India (Sebi) has allowed the companys promoters to sell 42,565 shares to maintain the minimum public shareholding requirement. According to the statement issued by the company, promoters hold 75.0166% of fully paid up share capital of Alstom T&D India, which exceeds the minimum pubic shareholding threshold of 75%.

Alstom T&D Indias net profit fell 44.72% to Rs 29.87 crore on 28.63% decrease in net sales to Rs 971.53 crore in Q4 March 2016 over Q4 March 2015.

Alstom T&D India is a leading player in the power transmission business. It has a predominant presence in all stages of the power supply chain.

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