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Tata Motors inches up after securing orders for supply of buses
Sep 07,2016

Meanwhile, the S&P BSE Sensex was up 42.85 points or 0.15% at 29,020.87.

On BSE, so far 1.17 lakh shares were traded in the counter as against average daily volume of 9.62 lakh shares in the past one quarter. The stock hit a high of Rs 594.50 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 584.50 so far during the day. The stock had hit a 52-week low of Rs 266 on 11 February 2016. The stock had outperformed the market over the past one month till 6 September 2016, advancing 14.14% compared with 3.2% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 27.91% as against Sensexs 8.22% rise.

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

Tata Motors in a press release issued after market hours yesterday, 6 September 2016 said it has received orders for supply of over 5,000 buses from 25 state/city transport undertakings across the country. This represents a healthy growth of over 80% plus compared to last year in the order book position of the company, Tata Motors said. Ravi Pisharody, Executive Director, Commercial Vehicle Business Unit, Tata Motors said that the company plans to execute these orders in the current financial year (FY 2017). The orders will definitely enable the company to further strengthen its leadership position in the commercial vehicles (CV) passenger space, Pisharody added.

Shares of Tata Motors were on a roll. The stock rallied 19.86% in eight trading sessions at its ruling price of Rs 591.85, from its close of Rs 493.75 on 25 August 2016.

Tata Motors consolidated net profit declined 57% to Rs 2260.40 crore on 10.1% rise in net sales to Rs 64940.12 crore in Q1 June 2016 over Q1 June 2015.

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

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Inox Wind tumbles to record low after dismal Q1 numbers
Sep 06,2016

The result was announced 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 450.19 points or 1.58% at 28,982.30.

The stock declined on heavy volumes. On BSE, so far 4.43 lakh shares were traded in the counter as against average daily volume of 58,069 shares in the past one quarter. The stock hit a low of Rs 161 so far during the day, which is a record low for the counter. The stock hit a high of Rs 184 so far during the day. The stock had hit a 52-week high of Rs 411.55 on 26 October 2015. The stock had underperformed the market over the past one month till 2 September 2016, sliding 12.34% compared with Sensexs 1.97% rise. The scrip had also underperformed the market in past one quarter, declining 11.87% as against Sensexs 6.29% rise.

The mid-cap company has equity capital of Rs 221.92 crore. Face value per share is Rs 10.

Inox Wind announced that its wholly owned subsidiary Inox Wind Infrastructure Services has acquired RBRK Investments with effect from 1 September 2016, in tune with its expansion plans in South India.

Inox Wind is one of the leading wind enery solutions providers servicing IPPs, utilities, PSUs, corporates and retail investors.

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MindTree tumbles after weak outlook
Sep 06,2016

The announcement was made after market hours on Friday, 2 September 2016.

Meanwhile, the BSE Sensex was up 404.93 points, or 1.42%, to 28,937.04.

On BSE, so far 2.53 lakh shares were traded in the counter, compared with average daily volume of 41,426 shares in the past one quarter. The stock hit a high of Rs 525 and a low of Rs 504.50 so far during the day. The stock hit a record high of Rs 803.50 on 4 March 2016. The stock hit a 52-week low of Rs 546.25 on 2 September 2016. The stock had underperformed the market over the past 30 days till 2 September 2016, sliding 8.88% compared with 2.95% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 15.28% as against Sensexs 6.29% rise.

The large-cap company has equity capital of Rs 167.94 crore. Face value per share is Rs 10.

MindTree said the decline in revenue is expected due to cross-currency movements, project cancellations and slower ramp-ups in a few large clients across different verticals and continued weakness in its UK-based subsidiary Bluefin.

Margins are going to be lower than planned with a decline in earnings before interest, taxes, depreciation and amortization (EBITDA) margins in Q2 September 2016 compared to Q1 June 2016. In light of its weak revenue outlook, the Bluefin business is expected to report an EBITDA loss for the quarter. MindTree has implemented a range of operational efficiency improvements and cost control measures. The savings derived from these initiatives may not be sufficient to offset the revenue slowdown in Q2 September 2016.

The company said it believes its business fundamentals, strategic direction and market positioning continue to look strong in the medium-term especially with its investments in Digital and Managed Services. Business pipeline from its core services and Magnet 360 is amongst the strongest in the last few years. The company said it is well-placed to win some of these opportunities, including some large ones to be awarded over the next few months. The uncertainties in the Bluefin business are likely to continue for a few more months giventhe volatile macroeconomic environment in Europe. The slower revenue momentum in the first half (H1) of the financial yar ending March 2017 (FY 2017) will delay the aspiration to grow EBITDA margins over the financial yar ended March 2016. The cost saving measures and other related initiatives will help the company deliver a higher margin in the second half (H2) of FY 2017 over H1 FY 2017. Even with this change in outlook, the company said it continues to expect its annual revenue growth to be higher than the NASSCOM industry average.

MindTrees consolidated net profit declined 7.2% to Rs 123.50 crore on 0.6% growth in revenue to Rs 1327.60 crore in Q1 June 2016 over Q4 March 2016.

MindTree is a global information technology consulting firm specializing in corporate IT services and solutions.

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Reliance Capital hits 52-week high
Sep 06,2016

The announcement was made during market hours today, 6 September 2016.

Meanwhile, the S&P BSE Sensex was up 355.27 points or 1.25% at 28,887.38.

On BSE, so far 4.26 lakh shares were traded in the counter as against average daily volume of 4.89 lakh shares in the past one quarter. The stock hit a high of Rs 560.85 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 545.50 so far during the day. The stock had hit a 52-week low of Rs 303.60 on 12 February 2016. The stock had outperformed the market over the past one month till 2 September 2016, surging 25.11% compared with Sensexs 1.97% rise. The scrip had also outperformed the market in past one quarter, jumping 34.6% as against Sensexs 6.29% rise.

The large-cap company has equity capital of Rs 252.63 crore. Face value per share is Rs 10.

Reliance Capital announced completion of a fund raising exercise of Rs 2000 crore through private placement of secured redeemable non-convertible debentures (NCD) for a period of 5 years and 10 years respectively. The issue size offered was Rs 1000 crore ($150 million) with an option to retain oversubscription, by way of greenshoe option, of upto Rs 1000 crore. The issue was fully subscribed, including the greenshoe option, and will be listed on BSE. The secured redeemable NCDs offer an annual coupon rate of 8.9% for 5 years, and 9% for 10 years.

Sam Ghosh, ED and Group CEO of Reliance Capital said that the funds will be used to refinance the companys existing debt and also grow its lending businesses.

On a consolidated basis, Reliance Capitals net profit rose 3% to Rs 207 crore on 48.3% growth in total income to Rs 3663 crore in Q1 June 2016 over Q1 June 2015.

Reliance Capital, a part of the Reliance Group, is one of Indias leading private sector financial services companies.

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HCC corrects on profit booking
Sep 06,2016

Meanwhile, the BSE Sensex was up 301.40 points, or 1.06%, to 28,833.51.

On BSE, so far 43.72 lakh shares were traded in the counter, compared with average daily volume of 15.49 lakh shares in the past one quarter. The stock hit a high of Rs 37.95 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 34.15 so far during the day. The stock hit a 52-week low of Rs 16.60 on 12 February 2016. The stock had outperformed the market over the past 30 days till 2 September 2016, rising 56.61% compared with 2.95% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 91.13% as against Sensexs 6.29% rise.

The small-cap company has equity capital of Rs 77.92 crore. Face value per share is Re 1.

Shares of HCC rose 54.90% in three trading sessions to settle at Rs 35.55 on Friday, 2 September 2016, from its close of Rs 22.95 on 30 August 2016. Recent gains were triggered by fresh initiatives by the government to revive the construction sector.

The company announced after market hours on 31 August 2016, that the Union Cabinets latest decision requiring the government agencies to pay 75% of arbitral awards will result in HCCs debt being reduced by half.

HCC has arbitration awards for over Rs 3200 crore and with the latest cabinet decision, the company will get 75% of this amount immediately. HCCL also has claims worth around Rs 5,000 crore are in arbitration process. The cabinet decision will further help HCC to secure these awards within a duration of 12 months.

HCCs chairman and managing director said that the company will immediately be able to reduce its debt by almost half. The debt burden will reduce further within the next 12 to 24 months. With this, HCC will be able to participate in countrys infrastructure development in a much bigger way. HCC currently has standalone debt of Rs 4900 crore.

The Cabinet Committee on Economic Affairs (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.

Net profit of HCC rose 17.5% to Rs 10.88 crore on 1.7% rise in net sales to Rs 899.32 crore in Q1 June 2016 over Q1 June 2015.

HCC is into infrastructure development in transportation, power and water segments. HCC is developing a planned hill city named Lavasa near Pune in Maharashtra.

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Lupin gains after tentative USFDA nod for generic drug
Sep 06,2016

The announcement was made during market hours today, 6 September 2016.

Meanwhile, the S&P BSE Sensex was up 308.66 points or 1.08% at 28,840.77.

On BSE, so far 44,000 shares were traded in the counter as against average daily volume of 1.15 lakh shares in the past one quarter. The stock hit a high of Rs 1,537.50 and a low of Rs 1,514.50 so far during the day. The stock had hit a record high of Rs 2,127 on 6 October 2015. The stock had hit a 52-week low of Rs 1,294.05 on 29 March 2016. The stock had underperformed the market over the past one month till 2 September 2016, sliding 11.05% compared with Sensexs 1.97% rise. The scrip had also underperformed the market in past one quarter, gaining 2.73% as against Sensexs 6.29% rise.

The large-cap company has equity capital of Rs 90.21 crore. Face value per share is Rs 2.

Lupin announced that its US subsidiary, Gavis Pharmaceuticals LLC, USA has received tentative approval for its Moxifloxacin Hydrochloride Tablets, 400 mg from the United States Food & Drug Administration (USFDA) to market a generic version of Bayer Healthcare Pharmaceuticals Incs Avelox Tablets, 400 mg (base). It is a fluoroquinolone antibacterial indicated for the infections in adults 18 years of age and older caused by designated susceptible bacteria in certain conditions. Avelox has annual US sales of $30.1 million as per IMS MAT June 2016 data.

Lupins consolidated net profit rose 55.1% to Rs 881.95 crore on 40% growth in net sales to Rs 4313.56 crore in Q1 June 2016 over Q1 June 2015.

Lupin is a pharmaceutical company producing and developing 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, CNS, GI, anti-infective and NSAID space and holds global leadership position in the anti-TB segment.

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Jubilant FoodWorks tumbles after weak Q1 results
Sep 06,2016

The result was announced on Saturday, 3 September 2016. The stock market was closed yesterday, 5 September 2016 on account of Ganesh Chaturthi.

Meanwhile, the S&P BSE Sensex was up 311.09 points or 1.09% at 28,843.20.

On BSE, so far 1.53 lakh shares were traded in the counter as against average daily volume of 44,498 shares in the past one quarter. The stock hit a high of Rs 1,122.65 and a low of Rs 1,065 so far during the day. The stock had hit a 52-week low of Rs 896.65 on 12 February 2016. The stock had hit a 52-week high of Rs 1,689.30 on 6 October 2015. The stock had underperformed the market over the past one month till 2 September 2016, sliding 7.62% compared with Sensexs 1.97% rise. The scrip had, however, outperformed the market in past one quarter, surging 15.95% as against Sensexs 6.29% rise.

The mid-cap company has equity capital of Rs 65.84 crore. Face value per share is Rs 10.

Jubilant FoodWorks Chairman Shyam S. Bhartia and Co-Chairman Hari S. Bhartia said that a contrained consumption environment had an effect on the companys overall performance in Q1 June 2016. The management expects Q2 September 2016 to see improved performance and positive same store growth.

In its outlook, Jubilant FoodWorks said that the company has a target of around 130-140 new Dominos Pizza and around 15 new Dunkin Donuts restaurants for the current financial year (FY 2017) of which it had successfully opened 36 Dominos Pizza and 8 Dunkin Donuts restaurants so far.

Jubilant FoodWorks board of directors at its meeting held on 3 September 2016, appointed Sachin Sharma as the new President and Chief Financial Officer (CFO) of the company with immediate effect. Sharma will head the Finance & Accounts, Secretarial & Legal functions.

Jubilant FoodWorks and its subsidiary operates Dominos Pizza brand with the exclusive rights for India, Nepal, Bangladesh and Sri Lanka. It operates 1,062 Dominos Pizza restaurants across 248 cities (as of 3 September 2016). The company launched Dunkin Donuts in India in April 2012 in Delhi. The company has 73 Dunkin Donuts restaurants across 23 cities in India (as of 3 September 2016).

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Ahluwalia Contracts (India) spurts after winning contracts
Sep 06,2016

The announcement was made during trading hours today, 6 September 2016.

Meanwhile, the BSE Sensex was up 280.61 points, or 0.98%, to 28,812.72.

On BSE, so far 54,000 shares were traded in the counter, compared with average daily volume of 4,832 shares in the past one quarter. The stock hit a high of Rs 336.20 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 302 so far during the day. The stock hit a 52-week low of Rs 210 on 25 February 2016. The stock had outperformed the market over the past 30 days till 2 September 2016, rising 4.34% compared with 2.95% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 13.15% as against Sensexs 6.29% rise.

The small-cap company has equity capital of Rs 13.40 crore. Face value per share is Rs 2.

Ahluwalia Contracts (India) said the new orders are for construction of hospital building, including electrical, plumbing and firefighting services for Chittaranjan National Cancer Institute at Kolkata. The total order inflow during the financial year ending March 2017 stands at Rs 1209.59 crore.

Net profit of Ahluwalia Contracts (India) rose 14.46% to Rs 21.53 crore on 15.84% rise in net sales to Rs 305.80 crore in Q1 June 2016 over Q1 June 2015.

Ahluwalia Contracts (India) is one of the leading civil contractors in India.

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Petronet LNG hits record high after strong Q1 earnings
Sep 06,2016

The result was announced yesterday, 5 September 2016, during which the stock market was closed on account of Ganesh Chaturthi.

Meanwhile, the S&P BSE Sensex was up 283.65 points or 0.99% at 28,815.76.

On BSE, so far 99,000 shares were traded in the counter as against average daily volume of 71,081 shares in the past one quarter. The stock hit a high of Rs 366.30 so far during the day, which is a record high for the counter. The stock hit a low of Rs 356.50 so far during the day. The stock had hit a 52-week low of Rs 169.35 on 28 September 2015. The stock had outperformed the market over the past one month till 2 September 2016, surging 13.9% compared with Sensexs 1.97% rise. The scrip had also outperformed the market in past one quarter, jumping 28.46% as against Sensexs 6.29% rise.

The large-cap company has equity capital of Rs 750 crore. Face value per share is Rs 10.

Petronet LNG was formed as a joint venture by the Government of India to import liquified natural gas (LNG) and set up LNG terminals in the country.

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Pennar Engineered Building Systems soars after winning orders
Sep 06,2016

The announcement was made during trading hours today, 6 September 2016.

Meanwhile, the BSE Sensex was up 283.29 points, or 0.99%, to 28,815.40.

On BSE, so far 9,530 shares were traded in the counter, compared with average daily volume of 2,394 shares in the past one quarter. The stock hit a high of Rs 204 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 175 so far during the day. The stock hit a record low of Rs 127 on 11 February 2016. The stock had underperformed the market over the past 30 days till 2 September 2016, falling 7.23% compared with 2.95% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 14.70% as against Sensexs 6.29% rise.

The small-cap company has equity capital of Rs 34.27 crore. Face value per share is Rs 10.

Pennar Engineered Building Systems said it won an order for a 400,000 square foot warehouse from GMR for Amazon India, coming up at Rajiv Gandhi International Airport, Hyderabad. The project incorporates Pennars Double Lok standing seam roofing system provided in collaboration with NCI, Inc.

Another order is for a 17-floor multi-story commercial complex at Hyderabad from Phoenix Group, Hyderbad. Further, it also won an order for a manufacturing facility for HAIER, China at Pune from Shapoorji Pallonji. Other orders are from Sun Pharma, Ultratech, L&T, Hetero Pharmaceuticals, Mussadilal Warehousing, Hero Future Energy and JBF Petrochemicals.

Pennar Engineered Building Systems net profit rose 14.9% to Rs 4.40 crore on 14.2% growth in net sales to Rs 93.92 crore in Q1 June 2016 over Q1 June 2015.

Pennar Engineered Building Systems is one of the leading custom designed building systems solutions providers in India.

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Telecom stocks decline after launch of Jios wireless services
Sep 06,2016

Bharti Airtel (down 1.74% at Rs 313.40), Idea Cellular (down 0.95% at Rs 83.25), Reliance Communications (down 0.91% at Rs 48.75), Tata Teleservices (Maharashtra) (down 1.96% at Rs 6.01) and Mahanagar Telephone Nigam (down 0.69% at Rs 21.70) edged lower.

Shares of Bharti Airtels telecom tower arm Bharti Infratel were down 0.03% at Rs 343.70.

Meanwhile, the S&P BSE Sensex was up 284.38 points or 1% at 28,816.49.

Reliance Industries (RIL) after market hours on Friday, 2 September 2016, announced that the companys telecom arm Reliance Jio Infocomm (Jio) has intimated the Department of Telecommunications (DOT), Telecom Regulatory Authority of India (TRAI) and the security agencies regarding the commencement of its wireless telecommunication services in all 22 service areas from 5 September 2016. The company has also filed the tariff plans for wireless services with TRAI. With these steps, the company has fulfilled all the requirements of Unified License for commencement of services, RIL said in a statement. It may be recalled that Jio had earlier announced its tariff plans under the n++Jio Welcome Offern++. Media reports suggested that the plans offered by Jio are highly competitive in nature.

Shares of RIL were up 0.27% at Rs 1,015.60.

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ENIL jumps after launching 3 new FM radio channels
Sep 06,2016

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

Meanwhile, the BSE Sensex was up 280.21 points, or 0.98%, to 28,812.32.

On BSE, so far 610 shares were traded in the counter, compared with average daily volume of 819 shares in the past one quarter. The stock hit a high of Rs 770 and a low of Rs 750 so far during the day. The stock hit a 52-week high of Rs 792.55 on 31 March 2016. The stock hit a 52-week low of Rs 586 on 10 November 2015. The stock had underperformed the market over the past 30 days till 2 September 2016, rising 1.94% compared with 2.95% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 1.98% as against Sensexs 6.29% rise.

The mid-cap company has equity capital of Rs 47.67 crore. Face value per share is Rs 10.

Entertainment Network (India) (ENIL) said the new FM radio channels are in Ahmedabad (104 FM), Jaipur (104 FM) and Surat (91.9 FM). In each of these cities, these channels are the second channels belonging to the company. The first channels are branded Radio Mirchi (all 98.3 FM). The second channels will be branded Mirchi Love. Mirchi Love is a new brand that the company is launching. With these three launches, the company will be operating 44 channels in all.

Entertainment Network (India)s consolidated net profit dropped 41.6% to Rs 16.66 crore on 10.71% rise in net sales to Rs 109.10 crore in Q1 June 2016 over Q1 June 2015.

Entertainment Network (India) (ENIL) operates FM radio broadcasting stations through the brand Radio Mirchi.

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Triveni Turbine surges after fund buying
Sep 06,2016

Meanwhile, the S&P BSE Sensex was up 282.05 points or 0.99% at 28,814.16.

On BSE, so far 60,000 shares were traded in the counter as against average daily volume of 1.69 lakh shares in the past one quarter. The stock hit a high of Rs 130.55 and a low of Rs 126.50 so far during the day. The stock had hit a 52-week high of Rs 135 on Friday, 2 September 2016. The stock had hit a 52-week low of Rs 87.50 on 29 February 2016. The stock had outperformed the market over the past one month till 2 September 2016, gaining 3.43% compared with Sensexs 1.97% rise. The scrip had also outperformed the market in past one quarter, surging 16.12% as against Sensexs 6.29% rise.

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

Promoter Rati Sawhney sold 75 lakh shares of Triveni Turbine at an average price of Rs 125 per share in bulk deals on the BSE on Friday, 2 September 2016. Franklin Templeton Mutual Fund Franklin India Smaller Companies Fund bought 20.96 lakh shares. Natwest Bank Plc as Trustee of the Jupiter India Fund bought 37.60 lakh shares.

Rati Sawhney held 4.15% stake in Triveni Turbine as per the shareholding pattern as on 30 June 2016.

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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Equitas Holdings gains after kicking off small finance business
Sep 06,2016

The announcement was made during trading hours today, 6 September 2016.

Meanwhile, the BSE Sensex was up 275.20 points, or 0.96%, to 28,807.31.

On BSE, so far 87,000 shares were traded in the counter, compared with average daily volume of 5.57 lakh shares in the past one quarter. The stock hit a high of Rs 183.55 and a low of Rs 181 so far during the day. The stock hit a 52-week high of Rs 206 on 28 July 2016. The stock hit a 52-week low of Rs 134.15 on 21 April 2016. The stock had outperformed the market over the past 30 days till 2 September 2016, rising 4.17% compared with 2.95% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, rising 3.60% as against Sensexs 6.29% rise.

The mid-cap company has equity capital of Rs 336.83 crore. Face value per share is Rs 10.

Equitas Holdings subsidiary Equitas Small Finance Bank today, 6 September 2016, commenced its banking operations with three branches in Chennai. This is the first private sector bank from Tamil Nadu post independence. By the end of financial year ending March 2017, Equitas Bank plans to have a network of 412 branches spread across 11 states. Of these 412 branches, Equitas plans to have 50% in South, 30% in West and the remaining 20% in North. About 25% of bank branches will be located in rural, unbanked villages. Currently the bank has advances of about Rs 6500 crore of which about 50% is micro finance, about 25% is used commercial vehicle finance and the remaining in micro and small enterprise (MSE) and affordable housing finance.

To enable physical support to its millions of customers, Equitas plan to have a net work of Business Correspondents (BC) at branch level taking banking services right to the doorstep of its clients.

The Reserve Bank of India (RBI) has issued licence dated 30 June 2016 to Chennai-based Equitas Equitas Small Finance Bank to carry on the Small Finance Bank (SFB) operations in India.

Small Finance Bank, previously known as Equitas Finance, obtained a certificate of registration from RBI on 1 September 2016, registering the company as a non-deposit taking systematically important core investment company in order to meet the requirements laid down by RBI while granting approval to the company to establish a small finance bank.

Equitas Small Finance Bank started its operations on 5 September 2016. It offers a range of banking and financial products that address the requirements of all customer segments. As of 30 June 2016, the consolidated asset under management (AUM) is about Rs 6500 crore out of which half is microfinance, 25% used commercial vehicle finance and rest MSE. Equitas Small Finance Bank will have 412 banking branches across 11 states by the end of the financial year 2016-2017.

On a consolidated basis, net profit of Equitas Holdings rose 63.64% to Rs 61.17 crore on 45.77% rise in total income to Rs 348.83 crore in Q1 June 2016 over Q1 June 2015.

Equitas Holdings is a diversified financial service provider focused on individuals and micro and small enterprises (MSEs) that are underserved by formal financing channels.

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Dr Reddys Lab nudges higher after launch of generic drug in US
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 258.96 points or 0.91% at 28,791.07.

On BSE, so far 1,992 shares were traded in the counter as against average daily volume of 39,263 shares in the past one quarter. The stock hit a high of Rs 3,142.85 and a low of Rs 3,123 so far during the day. The stock had hit a a record high of Rs 4,382.95 on 20 October 2015. The stock had hit a 52-week low of Rs 2,750 on 21 January 2016. The stock had outperformed the market over the past one month till 2 September 2016, gaining 4.88% compared with Sensexs 1.97% rise. The scrip had, however, underperformed the market in past one quarter, declining 1.7% as against Sensexs 6.29% rise.

The large-cap company has equity capital of Rs 85.39 crore. Face value per share is Rs 5.

Dr Reddys Laboratorie (DRL) announced that it has launched Bupropion HCI extended-release tablets, USP (SR) in 100mg, 150mg and 200mg, a therapeutic equivalent generic version of Wellbutrin SR (bupropion HCI) sustained-release tablets in the United States market approved by the US Food and Drug Administration (USFDA). The Wellbutrin SR brand and generic had US sales of about $109.6 million for the recent twelve months ended July 2016 according to IMS Health data. DRLs Bupropion SR tablets are available in 100mg, 150mg and 200mg, in bottle count sizes of 60, 100 and 500.

Dr Reddys Laboratories consolidated net profit fell 76.3% to Rs 153.50 crore on 14.1% decline in total income to Rs 3289.50 crore in Q1 June 2016 over Q1 June 2015.

Dr Reddys Laboratories is an integrated global pharmaceutical company. It offers a portfolio of products and services including active pharmaceutical ingredients (APIs), custom pharmaceutical services, generics, biosimilars and differentiated formulations.

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