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Maruti Suzuki India hits record high after increase in production
Sep 06,2016

The announcement was made yesterday, 5 September 2016. The market was closed on that day on account of Ganesh Chaturthi.

Meanwhile, the BSE Sensex was up 236.42 points, or 0.83%, to 28,768.53.

On BSE, so far 9,002 shares were traded in the counter, compared with average daily volume of 79,205 shares in the past one quarter. The stock hit a high of Rs 5,245.50 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 5,190.10 so far during the day. The stock hit a 52-week low of Rs 3,202.10 on 29 February 2016. The stock had outperformed the market over the past 30 days till 2 September 2016, rising 5.54% compared with 2.95% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 22.24% as against Sensexs 6.29% rise.

The large-cap company has equity capital of Rs 151.04 crore. Face value per share is Rs 5.

Maruti Suzuki India reported 12.2% growth in total sales to 1.32 lakh units in August 2016 over August 2015.

Marutis net profit rose 23% to Rs 1486.20 crore on 12.1% rise in net sales to Rs 14654.50 crore in Q1 June 2016 over Q1 June 2015.

Maruti is Indias biggest car maker in terms of market share. Japanese parent Suzuki Motor Corporation currently holds 56.21% stake in Maruti (as per the shareholding pattern as on 30 June 2016).

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Maruti Suzuki India record high after increase in production
Sep 06,2016

The announcement was made yesterday, 5 September 2016. The market was closed on that day on account of Ganesh Chaturthi.

Meanwhile, the BSE Sensex was up 236.42 points, or 0.83%, to 28,768.53.

On BSE, so far 9,002 shares were traded in the counter, compared with average daily volume of 79,205 shares in the past one quarter. The stock hit a high of Rs 5,245.50 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 5,190.10 so far during the day. The stock hit a 52-week low of Rs 3,202.10 on 29 February 2016. The stock had outperformed the market over the past 30 days till 2 September 2016, rising 5.54% compared with 2.95% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 22.24% as against Sensexs 6.29% rise.

The large-cap company has equity capital of Rs 151.04 crore. Face value per share is Rs 5.

Maruti Suzuki India reported 12.2% growth in total sales to 1.32 lakh units in August 2016 over August 2015.

Marutis net profit rose 23% to Rs 1486.20 crore on 12.1% rise in net sales to Rs 14654.50 crore in Q1 June 2016 over Q1 June 2015.

Maruti is Indias biggest car maker in terms of market share. Japanese parent Suzuki Motor Corporation currently holds 56.21% stake in Maruti (as per the shareholding pattern as on 30 June 2016).

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Infosys gains after securing IT contract in Saudi Arabia
Sep 06,2016

The announcement was made after market hours on Friday, 2 September 2016. The stock market was closed yesterday, 5 September 2016, on account of Ganesh Chaturthi.

Meanwhile, the S&P BSE Sensex was up 246.14 points or 0.86% at 28,778.25.

On BSE, so far 5,726 shares were traded in the counter as against average daily volume of 3.03 lakh shares in the past one quarter. The stock hit a high of Rs 1,048.90 and a low of Rs 1,035 so far during the day. The stock had hit a record high of Rs 1,278 on 3 June 2016. The stock had hit a 52-week low of Rs 1,009.20 on 22 August 2016. The stock had underperformed the market over the past one month till 2 September 2016, sliding 4.91% compared with Sensexs 1.97% rise. The scrip had also underperformed the market in past one quarter, declining 18.19% as against Sensexs 6.29% rise.

The large-cap company has equity capital of Rs 1148.47 crore. Face value per share is Rs 5.

Infosys holds 70% while the rest 30% will he held by Saudi Prerogative Company (SPC) in the joint venture (JV). Infosys 70% in this JV is at a cash investment of $312,671 (SAR 1,172,501) by the company in the equity share capital of the proposed JV company. The agreement is subject to the approval of Saudi Arabian General Investment Authority (SAGIA).

On a consolidated basis, Infosys net profit fell 4.5% to Rs 3436 crore on 1.4% growth in revenue to Rs 16782 crore in Q1 June 2016 over Q4 March 2016. The results are as per International Financial Reporting Standards (IFRS).

Infosys is one of the leading information technology outsourcing services providers. The company provides business consulting, information technology and outsourcing services.

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Ballarpur Industries drops after reverse turnaround in Q1
Sep 02,2016

The result was announced after market hours yesterday, 1 September 2016.

Meanwhile, the S&P BSE Sensex was up 113.29 points or 0.4% at 28,536.77

On BSE, so far 3.56 lakh shares were traded on the counter as against average daily volume of 2.49 lakh shares in the past one quarter. The stock hit a high of Rs 13.60 and a low of Rs 13.17 so far during the day. The stock had hit a 52-week high of Rs 21.80 on 1 January 2016. The stock had hit a 52-week low of Rs 11.80 on 29 February 2016. The stock had underperformed the market over the past 30 days till 1 September 2016, falling 4.61% compared with 2.62% rise in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 13.1% as against Sensexs 5.89% rise.

The small-cap company has an equity capital of Rs 131.10 crore. Face value per share is Rs 2.

Ballarpur Industries net sales fell 23.26% to Rs 102.42 crore in Q1 June 2016 over Q1 June 2015.

The Ballarpur Group is the largest manufacturer of writing and printing paper in India.

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Reliance Infra gains on hopes of winning arbitration for projects worth Rs 14000 crore
Sep 02,2016

Meanwhile, the BSE Sensex was up 144.29 points, or 0.51%, to 28,567.77.

On BSE, so far 7.06 lakh shares were traded in the counter, compared with average daily volume of 4.27 lakh shares in the past one quarter. The stock hit a high of Rs 616.90 and a low of Rs 584 so far during the day. The stock hit a 52-week high of Rs 622.05 on 5 January 2016. The stock hit a 52-week low of Rs 313.20 on 8 September 2015. The stock had underperformed the market over the past 30 days till 1 September 2016, rising 2.53% compared with 2.62% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 12.07% as against Sensexs 5.89% rise.

The large-cap company has equity capital of Rs 262.99 crore. Face value per share is Rs 10.

Reliance Infrastructure (RInfra) said it welcomed the series of initiatives approved by the Cabinet Committee on Economic Affairs (CCEA) to revive the construction sector. CCEA on 31 August 2016 approved a series of initiatives to revive the construction sector. As per the new initiatives, CCEA allowed contractors to move to the new speedier arbitration process, approved release of 75% of the amount in dispute against margin free bank guarantee and provided for a conciliation board comprising of independent subject experts in order to ensure speedy disposal of pending or new cases.

Welcoming the move Lalit Jalan, CEO, Reliance Infrastruture, said that this landmark initiative by the CCEA will boost the stressed infrastructure sector and also help infuse much required liquidity in the system. It is a very positive and bold move by government to help revive the stalled projects which suffer due to long settlement periods.

Reliance Infrastructure said it has already won arbitration awards for two road projects of Rs 170 crore. In addition, over Rs 14000 crore are under advanced stages of arbitration for various projects.

Under the new initiative approved by CCEA, in case where arbitration award is in favour of the concessionaire/contractor but public sector undertaking (PSU)/Government agencies have challenged it, 75% of award amount will have to be released to concessionaire/contractor against bank guarantee. The move will ensure that projects are not stranded due to long arbitration disputes between concessionaire/contractor and government agencies and lack of funds.

Lalit Jalan further added that CCEA has created an enabling framework for government agencies/PSUs to release 75% of arbitration award to concessionaires/contractors, without worrying about subsequent scrutiny. He also lauded governments initiative of allowing the disputing parties to migrate to new Act even if arbitration was initiated prior to enactment of amended Arbitration Act of 2015.

Under the new scheme of arrangement, all PSUs/departments may consider setting up conciliation committees comprising of independent experts to ensure speedy disposal of pending or new cases.

Reliance Infrastructures consolidated net profit rose 43.7% to Rs 659.85 crore on 3.2% fall in net sales to Rs 4260.87 crore in Q4 March 2016 over Q4 March 2015.

RInfra is one of the largest infrastructure companies, developing projects through various special purpose vehicles (SPVs) in several high growth sectors such as power, roads and metro rail in the infrastructure space and the defence sector.

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RInfra gains on hopes of winning arbitration awards for projects
Sep 02,2016

Meanwhile, the BSE Sensex was up 144.29 points, or 0.51%, to 28,567.77.

On BSE, so far 7.06 lakh shares were traded in the counter, compared with average daily volume of 4.27 lakh shares in the past one quarter. The stock hit a high of Rs 616.90 and a low of Rs 584 so far during the day. The stock hit a 52-week high of Rs 622.05 on 5 January 2016. The stock hit a 52-week low of Rs 313.20 on 8 September 2015. The stock had underperformed the market over the past 30 days till 1 September 2016, rising 2.53% compared with 2.62% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 12.07% as against Sensexs 5.89% rise.

The large-cap company has equity capital of Rs 262.99 crore. Face value per share is Rs 10.

Reliance Infrastructure (RInfra) said it welcomed the series of initiatives approved by the Cabinet Committee on Economic Affairs (CCEA) to revive the construction sector. CCEA on 31 August 2016 approved a series of initiatives to revive the construction sector. As per the new initiatives, CCEA allowed contractors to move to the new speedier arbitration process, approved release of 75% of the amount in dispute against margin free bank guarantee and provided for a conciliation board comprising of independent subject experts in order to ensure speedy disposal of pending or new cases.

Welcoming the move Lalit Jalan, CEO, Reliance Infrastruture, said that this landmark initiative by the CCEA will boost the stressed infrastructure sector and also help infuse much required liquidity in the system. It is a very positive and bold move by government to help revive the stalled projects which suffer due to long settlement periods, Jalan said.

Reliance Infrastructure said it has already won arbitration awards for two road projects of Rs 170 crore. In addition, over Rs 14000 crore are under advanced stages of arbitration for various projects.

Under the new initiative approved by CCEA, in case where arbitration award is in favour of the concessionaire/contractor but public sector undertaking (PSU)/Government agencies have challenged it, 75% of award amount will have to be released to concessionaire/contractor against bank guarantee. The move will ensure that projects are not stranded due to long arbitration disputes between concessionaire/contractor and government agencies and lack of funds.

Lalit Jalan further added that CCEA has created an enabling framework for government agencies/PSUs to release 75% of arbitration award to concessionaires/contractors, without worrying about subsequent scrutiny. He also lauded the governments initiative of allowing the disputing parties to migrate to new Act even if arbitration was initiated prior to enactment of amended Arbitration Act of 2015.

Under the new scheme of arrangement, all PSUs/departments may consider setting up conciliation committees comprising of independent experts to ensure speedy disposal of pending or new cases.

Reliance Infrastructures consolidated net profit rose 43.7% to Rs 659.85 crore on 3.2% fall in net sales to Rs 4260.87 crore in Q4 March 2016 over Q4 March 2015.

RInfra is one of the largest infrastructure companies, developing projects through various special purpose vehicles (SPVs) in several high growth sectors such as power, roads and metro rail in the infrastructure space and the defence sector.

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Triveni Turbine drops after large bulk deal
Sep 02,2016

Meanwhile, the S&P BSE Sensex was up 32.88 points or 0.12% at 28,456.36

Bulk deal boosted volume on the scrip. On BSE, so far 77.25 lakh shares were traded in the counter, compared with average daily volume of 44,936 shares in the past one quarter. The stock hit a high of Rs 135 so far during the day, matching its 52-week high hit on 17 August 2016. The stock hit a low of Rs 125 so far during the day. The stock hit a 52-week low of Rs 87.50 on 29 February 2016. The stock had outperformed the market over the past 30 days till 1 September 2016, rising 10.64% compared with 2.62% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 19.24% as against Sensexs 5.89% rise.

The mid-cap company has equity capital of Rs 33 crore. Face value per share is Re 1.

Triveni Turbines consolidated net profit jumped 32.22% to Rs 26.84 crore on 29.02% growth in net sales to Rs 158.81 crore in Q1 June 2016 over Q1 June 2015.

Triveni Turbine offers steam turbine solutions for industrial captive and renewable power. The company manufactures steam turbines up to 100 MW.

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Hathway Cable tumbles over 10% in two sessions
Sep 02,2016

Meanwhile, the BSE Sensex was up 103.39 points, or 0.36%, to 28,526.87.

On BSE, so far 38,000 shares were traded in the counter, compared with average daily volume of 26,318 shares in the past one quarter. The stock hit a high of Rs 29.60 so far during the day. The stock hit a low of Rs 25.55 so far during the day, which is also a 52-week low for the counter. The stock hit a 52-week high of Rs 49 on 13 November 2015. The stock had underperformed the market over the past 30 days till 1 September 2016, sliding 12.52% compared with 2.62% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 16.15% as against Sensexs 5.89% rise.

The small-cap company has equity capital of Rs 166.10 crore. Face value per share is Rs 2.

Shares of Hathway Cable & Datacom fell 6.29% to Rs 28.30 yesterday, 1 September 2016, after the company reported net loss of Rs 53.20 crore in Q1 June 2016, higher than net loss of Rs 37.38 crore in Q1 June 2015. Net sales rose 16.9% to Rs 301.02 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours on Wednesday, 31 August 2016. The stock has fallen 10.10% in two sessions from its close of Rs 30.20 on Wednesday, 31 August 2016.

Hathway Cable & Datacom offers cable television services across 140 cities and towns and high-speed cable broadband services across 21 cities.

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Volumes jump at Triveni Turbine counter
Sep 02,2016

Triveni Turbine clocked volume of 77.28 lakh shares by 13:38 IST on BSE, a 474.59-times surge over two-week average daily volume of 16,000 shares. The stock shed 0.04% to Rs 128.85.

Cholamandalam Investment and Finance Company notched volume of 24.24 lakh shares, a 52.99-fold surge over two-week average daily volume of 46,000 shares. The stock lost 6.33% to Rs 1,094.40.

Brooks Laboratories saw volume of 5.53 lakh shares, a 29.05-fold surge over two-week average daily volume of 19,000 shares. The stock jumped 18.24% to Rs 119.25.

PVR clocked volume of 89,000 shares, a 12.97-fold surge over two-week average daily volume of 6,831 shares. The stock surged 8.45% to Rs 1,283.15. According to reports, Asias largest film group and theatre operator Wanda Cinema, owned by Chinas richest man, Wang Jianlin has revived talks with Ajay Bijli, the promoter of PVR, to buy a controlling stake in PVR which is Indias largest multiplex operator. Dalian Wanda Group has reportedly started diligence on PVRs books as a prelude to make a formal offer to acquire the Indian company. As on 30 June 2016, promoters held 25.26% stake in PVR.

Shipping Corporation of India saw volume of 13.45 lakh shares, a 10.28-fold rise over two-week average daily volume of 1.31 lakh shares. The stock gained 8.95% to Rs 71.80. As per reports, Shipping Corporation of India (SCI) is planning to revive a 40-year-old joint venture with an Iranian company to beat slowdown in the shipping industry. SCI holds 49% of the Iranian joint venture firm, Irano Hind Shipping, while Islamic Republic of Iran Shipping Lines controls the rest. SCI and Islamic Republic of Iran Shipping Lines had in 2012 reportedly decided to dissolve the Tehran-based joint venture, after years of sanctions against Iran over its disputed nuclear program crimped trade flows. Those restrictions began easing in January 2016.

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SCI spurts on reports of likely revival of Iranian JV
Sep 02,2016

Meanwhile, the BSE Sensex was up 39.71 points, or 0.14%, to 28,463.19.

On BSE, so far 13.38 lakh shares were traded in the counter, compared with average daily volume of 1.27 lakh shares in the past one quarter. The stock hit a high of Rs 74.40 and a low of Rs 67.65 so far during the day. The stock hit a 52-week high of Rs 100.90 on 21 December 2015. The stock hit a 52-week low of Rs 54.50 on 29 February 2016. The stock had underperformed the market over the past 30 days till 1 September 2016, falling 5.99% compared with 2.62% rise in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 2.87% as against Sensexs 5.89% rise.

The mid-cap company has equity capital of Rs 465.80 crore. Face value per share is Rs 10.

Shipping Corporation of India (SCI) holds 49% stake of the Iranian joint venture firm, Irano Hind Shipping, while Islamic Republic of Iran Shipping Lines controls the rest. SCI and Islamic Republic of Iran Shipping Lines had in 2012 reportedly decided to dissolve the Tehran-based joint venture, after years of sanctions against Iran over its disputed nuclear program crimped trade flows. Those restrictions began easing in January 2016.

SCIs Chairman B. B. Sinha was quoted as saying that the recent easing of sanctions on Iran opened the way to resuscitating Irano Hind Shipping Company, which potentially offers access to Central Asian markets such as Kazakhstan. The other partner, Islamic Republic of Iran Shipping Lines, has got great presence in the Caspian Sea, he added.

Shipping Corporation of Indias net profit dropped 72.6% to Rs 55.91 crore on 23.2% decline in net sales to Rs 825.29 crore in Q1 June 2016 over Q1 June 2015.

Shipping Corporation of India (SCI) owns and operates around one-third of the Indian tonnage, and has operating interests in practically all areas of the shipping business; servicing both national and international trades. Government of India currently holds 63.75% stake in SCI (as on 30 June 2016).

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Coal India drops after announcing production and offtake data for August
Sep 02,2016

The company announced the monthly coal production and offtake performance after market hours yesterday, 1 September 2016.

Meanwhile, the S&P BSE Sensex was up 52.31 points or 0.18% at 28,475.79

On BSE, so far 2.92 lakh shares were traded in the counter as against average daily volume of 4.02 lakh shares in the past one quarter. The stock hit a high of Rs 341 and a low of Rs 331.60 so far during the day. The stock had hit a 52-week low of Rs 272.05 on 12 April 2016. The stock had hit a 52-week high of Rs 359.30 on 2 September 2015. The stock had outperformed the market over the past 30 days till 1 September 2016, rising 3.63% compared with 2.62% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 9.42% as against Sensexs 5.89% rise.

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

Coal India and its subsidiaries on a provisional basis achieved 79% of targeted coal production at 32.43 million tonnes in August 2016. Coal India and its subsidiaries on a provisional basis achieved 83% of targeted offtake at 36.72 million tonnes in August 2016.

Coal India will declare its Q1 result on 9 September 2016. The companys consolidated net profit rose 0.22% to Rs 4247.92 crore on 0.71% decline in total income to Rs 22904.36 crore in Q4 March 2016 over Q4 March 2015.

State-run Coal India is Indias biggest coal miner. The Government of India currently holds 79.65% stake in Coal India (as per the shareholding pattern as on 30 June 2016).

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Tata Motors gains after reporting monthly sales volume data
Sep 02,2016

The announcement was made after market hours yesterday, 1 September 2016.

Meanwhile, the BSE Sensex was up 31.45 points, or 0.11%, to 28,454.93.

On BSE, so far 3.86 lakh shares were traded in the counter, compared with average daily volume of 9.16 lakh shares in the past one quarter. The stock hit a high of Rs 555.50 and a low of Rs 549.70 so far during the day. The stock hit a 52-week high of Rs 548.15 on 31 August 2016. The stock hit a 52-week low of Rs 266 on 11 February 2016. The stock had outperformed the market over the past 30 days till 1 September 2016, rising 13.46% compared with 2.62% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 19.77% as against Sensexs 5.89% rise.

The large-cap company has equity capital of Rs 577.44 crore. Face value per share is Rs 2.

Tata Motorss domestic sales of Tata commercial and passenger vehicles rose 3% to 36,466 units in August 2016 over August 2015. Tata Motors passenger vehicles sales in the domestic market rose 16% to 13,002 units in August 2016 over August 2015. Sales of passenger cars rose 17% at 11,435 units in August 2016 over August 2015, due to strong demand for the recently launched Tiago.

The overall commercial vehicles sales in the domestic market fell 3% to 23,464 units in August 2016 over August 2015. Sales of Tata Motors light commercial vehicles in the domestic market rose 10% at 13,495 units in August 2016 over August 2015. Medium and heavy commercial vehicles (M&HCV) sales fell 17% to 9,969 units in August 2016 over August 2015. The segment saw subdued demand, with the slowdown of recent months continuing, as a result of postponement of replacement and fleet expansion. The companys sales from exports rose 27% to 6,595 units in August 2016 over August 2015.

Tata Motors consolidated net profit declined 56.98% to Rs 2260.40 crore on 8.64% rise in total income to Rs 66559.08 crore in Q1 June 2016 over Q1 June 2015.

Tata Motors is a market leader in commercial vehicles in India. The companys British unit JLR sells premium luxury cars.

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TVS Motor gains after announcing good sales growth in August
Sep 02,2016

The company announced the monthly sales volume data after market hours yesterday, 1 September 2016.

Meanwhile, the S&P BSE Sensex was up 75.07 points, or 0.26%, to 28,498.55

On BSE, so far 1.59 lakh shares were traded in the counter, compared with average daily volume of 1.71 lakh shares in the past one quarter. The stock hit a high of Rs 339.90 and a low of Rs 331.65 so far during the day. The stock hit a record high of Rs 340.90 on 20 April 2016. The stock hit a 52-week low of Rs 215.15 on 8 September 2015. The stock had outperformed the market over the past 30 days till 1 September 2016, rising 10.1% compared with 2.62% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 10.23% as against Sensexs 5.89% rise.

The large-cap company has an equity capital of Rs 47.51 crore. Face value per share is Re 1.

TVS Motor Companys total two-wheeler sales rose 23.5% to 2.67 lakh units in August 2016 over August 2015. Domestic two-wheeler sales rose 30.1% to 2.38 lakh units in August 2016 over August 2015. Scooter sales rose 5.1% to 76,572 units in August 2016 over August 2015. Motorcycle sales rose 31.2% to 1.14 lakh units in August 2016 over August 2015. Three-wheeler sales fell 38.99% to 6,633 units in August 2016 over August 2015. Total exports fell 19.9% to 34,097 units in August 2016 over August 2015. Exports of two-wheelers fell 13.41% to 28,686 units in August 2016 over August 2015.

TVS Motor Companys net profit rose 21.15% to Rs 121.25 crore on 12.15% growth in net sales to Rs 2852.59 crore in Q1 June 2016 over Q1 June 2015.

TVS Motor Company manufactures motorcycles, scooters, mopeds and auto rickshaws.

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RIL slides after announcing launch of digital services
Sep 02,2016

Meanwhile, the BSE Sensex was up 75.40 points, or 0.27%, to 28,498.88.

On BSE, so far 2.72 lakh shares were traded in the counter, compared with average daily volume of 2.91 lakh shares in the past one quarter. The stock hit a high of Rs 1,035 and a low of Rs 1,007.35 so far during the day. The stock hit a 52-week high of Rs 1,089.50 on 15 January 2016. The stock hit a 52-week low of Rs 825.25 on 4 September 2015. The stock had outperformed the market over the past 30 days till 1 September 2016, rising 3.53% compared with 2.62% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 7.43% as against Sensexs 5.89% rise.

The large-cap company has equity capital of Rs 3243.11 crore. Face value per share is Rs 10.

Shares of Reliance Industries fell 2.73% to settle at Rs 1,029.15 yesterday, 1 September 2016, after Chairman Mukesh Ambani at the companys Annual General Meeting yesterday, 1 September 2016, announced the launch of digital services by Reliance Jio Infocomm (RJIL), a subsidiary of Reliance Industries (RIL). RJIL will launch of its digital services with Jio Welcome Offer which will be effective from 5 September 2016. As part of the Jio Welcome Offer, users will have access to unlimited 4G LTE data and national voice, video and messaging services along with the full bouquet of Jio applications and content, free of cost up to 31 December 2016. Domestic voice calls to any network across the country would be free for Jio subscribers even beyond the Jio Welcome Offer. Domestic roaming services would also not be charged separately. Average data prices would be around Rs 50 per gigabyte (GB), which would be amongst the lowest in the world.

In addition to fixed and wireless broadband connectivity offering superior voice and data services on an all-IP network, Jio will also offer end-to-end solutions that address the entire value chain across various digital services in key domains such as education, healthcare, security, communication, financial services, government-citizen interfaces and entertainment.

Media reports suggested that the plans offered by Reliance Jio are highly competitive in nature, but at the same time they would not become meaningful revenue creator. Hence, it would be a drag on profitability, reports said. Reports added that investors will closely monitor the roll out and effectiveness of Reliance Jio, in conjunction with plans by competitors to tackle new scenario.

In 2015, RJIL successfully acquired the right to use 4G spectrum in 13 key circles across India.

On consolidated basis, RILs net profit rose 18.1% to Rs 7113 crore on 15.2% decline in net sales to Rs 64990 crore in Q1 June 2016 over Q1 June 2015.

RIL is a diversified firm having presence in oil exploration, petrochemicals, retail and telecom sectors.

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SML Isuzu advances after declaring robust vehicle sales in August
Sep 02,2016

The company announced the monthly sales volume data after market hours yesterday, 1 September 2016.

Meanwhile, the S&P BSE Sensex was up 60.09 points or 0.21% at 28,483.57

On BSE, so far 8,866 shares were traded in the counter as against average daily volume of 21,346 shares in the past one quarter. The stock hit a high of Rs 1,397.70 and a low of Rs 1,355.95 so far during the day. The stock had hit a 52-week high of Rs 1,454.50 on 20 October 2015. The stock had hit a 52-week low of Rs 645.50 on 29 February 2016. The stock had outperformed the market over the past 30 days till 1 September 2016, rising 4.8% compared with 2.62% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 28.81% as against Sensexs 5.89% rise.

The small-cap commercial vehicles manufacturer has equity capital of Rs 14.47 crore. Face value per share is Rs 10.

SML Isuzus net profit rose 41.5% to Rs 41.12 crore on 20.52% rise in total income to Rs 464.19 crore in Q1 June 2016 over Q1 June 2015.

SML Isuzu is a commercial vehicle manufacturer. Sumitomo Corporation, Japan and Isuzu Motors, Japan respectively held 43.96% and 15% stake in SML Isuzu (as per the shareholding pattern as on 30 June 2016).

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