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UltraTech Cement declines in volatile trade
Apr 20,2016

The announcement was made yesterday, 19 April 2016, when the stock market was closed for a local holiday.

Meanwhile, the S&P BSE Sensex was down 5.76 points or 0.02% at 25,810.60.

On BSE, so far 7,004 shares were traded in the counter as against average daily volume of 24,312 shares in the past one quarter. The stock was volatile. The stock lost as much as 0.57% at the days low of Rs 3,387.45 so far during the day. The stock rose as much as 1.35% at the days high of Rs 3,452.95 so far during the day, which is a record high for the counter. The stock had hit a 52-week low of Rs 2,530.80 7 May 2015. The stock had outperformed the market over the past one month till 18 April 2016, surging 9.54% compared with Sensexs 3.46% rise. The scrip had also outperformed the market in past one quarter, advancing 29.11% as against Sensexs 6.73% rise.

The large-cap company has equity capital of Rs 274.43 crore. Face value per share is Rs 10.

UltraTech Cement said that the latest grinding unit will cater to the markets of eastern India where cement demand growth has remained higher than industry average during the last 2 to 3 years and continues to record double-digit growth. After commissioning of this unit, the companys cement capacity stands at 69.30 million tonnes per annum (mtpa) including the overseas operations. Together with this commissioning and those during the year ended 31 March 2016, the company has added 6.1 mtpa through greenfield expansions, UltraTech Cement said.

UltraTech Cements consolidated net profit rose 36.5% to Rs 545.92 crore on 4.7% growth in net sales to Rs 6108.36 crore in Q3 December 2015 over Q3 December 2014. The company is scheduled to announce its Q4 March 2016 results on 25 April 2016.

UltraTech Cement is a leading cement manufacturer in India. It is a part of the Aditya Birla Group.

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Eveready Industries gains after CARE upgrades rating
Apr 20,2016

The announcement was made after market hours on Monday, 18 April 2016.

Meanwhile, the BSE Sensex was down 39.88 points, or 0.15%, to 25,776.48.

On BSE, so far 13,000 shares were traded in the counter, compared with an average volume of 39,845 shares in the past one quarter. The stock hit a high of Rs 267.50 and a low of Rs 262.80 so far during the day. The stock hit a record high of Rs 374.90 on 17 July 2015. The stock hit a 52-week low of Rs 192.30 on 12 February 2016. The stock had outperformed the market over the past one month till 18 April 2016, rising 7.16% compared with 3.46% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, rising 0.79% as against Sensexs 6.73% rise.

The small-cap company has an equity capital of Rs 36.34 crore. Face value per share is Rs 5.

Credit Analysis & Research (CARE) in its report dated 14 April 2016 said that the revision in the rating assigned to the bank facilities of Eveready Industries India (EIIL) takes into account the improvement in financial performance in FY 2015 and nine months of FY 2016 marked by improvement in profitability margins and capital structure. The rating continues to draw strength from the long track record of operations, significant experience of the management, established brand presence with leadership position in the battery and flashlight segments, wide product range and strong distribution network, CARE said. The ratings continue to be constrained by the volatility in the price of raw materials and foreign exchange fluctuation risk, it said. The ratings also take note of the recent foray of EIIL in the kitchen appliances segment and risk associated with the ongoing expansion project, the ratings agency said. Successful completion of the ongoing project, maintaining profitability margins and capital structure along with increase in scale of operations through successful diversification into new segments are the key rating sensitivities, CARE said in its report.

Eveready Industries Indias net profit rose 10.6% to Rs 16.95 crore on 0.4% decline in net sales to Rs 323.79 crore in Q3 December 2015 over Q3 December 2014.

Eveready is the market leader of dry cell batteries. Apart from dry cell batteries, Eveready is also the market leader in flashlights. Eveready also markets LED, CFL, GLS lamps & other lighting products and rechargeable lanterns & devices, and packet tea.

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Dr Reddys Lab moves higher after commercial launch of migraine drug in US
Apr 20,2016

The announcement was made on Tuesday, 19 April 2016, when the stock market was closed for a holiday.

Meanwhile, the S&P BSE Sensex was down 85.81 points or 0.33% at 25,730.55.

On BSE, so far 7,466 shares were traded in the counter as against average daily volume of 41,704 shares in the past one quarter. The stock hit a high of Rs 3,132.90 and a low of Rs 3,104.10 so far during the day. The stock had hit 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 underperformed the market over the past one month till 18 April 2016, sliding 2.49% compared with Sensexs 3.46% rise. The scrip had, however, outperformed the market in past one quarter, advancing 7.46% as against Sensexs 6.73% rise.

The large-cap company has equity capital of Rs 85.30 crore. Face value per share is Rs 5.

ZEMBRACE SymTouch is a prescription medicine used to treat acute migraine headaches with or without aura in adults who have been diagnosed with migraine.

Dr Reddys Laboratories consolidated net profit rose 0.8% to Rs 579.20 crore on 3.2% growth in net sales to Rs 3967.90 crore in Q3 December 2015 over Q3 December 2014. The company is scheduled to announce its Q4 March 2016 results on 12 May 2016.

Dr Reddys Laboratories is an integrated global pharmaceutical company. Through its three businesses - Pharmaceutical Services & Active Ingredients, Global Generics and Proprietary Products - Dr Reddys offers a portfolio of products and services including APIs, custom pharmaceutical services, generics, biosimilars and differentiated formulations.

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DCB Bank jumps over 10% in two trading session
Apr 20,2016

The result was announced after market hours on Friday, 15 April 2016. Shares of DCB Bank jumped 5.52% to Rs 87.90 on Monday, 18 April 2016. The stock has risen 10:44% in two trading sessions from Rs 83.30 on Friday, 15 April 2016.

Meanwhile, the BSE Sensex was up 45.01 points, or 0.17%, to 25,861.37 .

On BSE, so far 2.70 lakh shares were traded in the counter, compared with an average volume of 1.57 lakh shares in the past one quarter. The stock hit a high of Rs 92.75 and a low of Rs 88.15 so far during the day. The stock hit a 52-week high of Rs 150.90 on 14 July 2015. The stock hit a 52-week low of Rs 68.50 on 21 January 2016. The stock had outperformed the market over the past one month till 18 April 2016, rising 13.49% compared with 3.46% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 20.33% as against Sensexs 6.73% rise.

The small-cap private sector bank has an equity capital of Rs 284.55 crore. Face value per share is Rs 10.

DCB Banks net profit rose 10.45% to Rs 69.53 crore on 19.9% increase in total income to Rs 509.56 crore in Q4 March 2016 over Q4 March 2015.

The banks gross non-performing assets (NPAs) stood at Rs 197.38 crore as on 31 March 2016 as against Rs 234.88 crore as on 31 December 2015 and Rs 186.07 crore as on 31 March 2015. The ratio of gross NPAs to gross advances stood at 1.51% as on 31 March 2016 as against 1.98% as on 31 December 2015 and 1.76% as on 31 March 2015. The ratio of net NPAs to net advances stood at 0.75% as on 31 March 2016 as against 1.12% as on 31 December 2015 and 1.01% as on 31 March 2015. The banks provisions and contingencies (excluding tax provisions) rose 90.3% to Rs 27.25 crore in Q4 March 2016 over Q4 March 2015.

There was a tax expense of Rs 23 lakh in Q4 March 2016 as against a tax reversal of Rs 9.26 crore in Q4 March 2015.

The banks net profit rose 1.75% to Rs 194.52 crore on 20.8% increase in total income to Rs 1918.92 crore in the year ended March 2016 over the year ended March 2015.

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TCS declines as operating profit margin drops in Q4
Apr 20,2016

Meanwhile, the S&P BSE Sensex was up 42.54 points or 0.16% at 25,858.90.

On BSE, so far 95,000 shares were traded in the counter as against average daily volume of 77,522 shares in the past one quarter. The stock hit a high of Rs 2,548 and a low of Rs 2,467.70 so far during the day. The stock had hit a 52-week low of Rs 2,119 on 29 February 2016. The stock had hit a 52-week high of Rs 2,769 on 5 October 2015. The stock had outperformed the market over the past one month till 18 April 2016, gaining 3.92% compared with Sensexs 3.46% rise. The scrip had also outperformed the market in past one quarter, advancing 10.51% as against Sensexs 6.73% rise.

The large-cap company has equity capital of Rs 197.04 crore. Face value per share is Rs 1.

TCS consolidated operating profit rose 2% to Rs 7887.27 crore in Q4 March 2016 over Q3 December 2015. On consolidated basis, the companys net profit rose 5% to Rs 6413.12 crore on 4% growth in sales to Rs 28448.61 crore in Q4 March 2016 over Q3 December 2015. The result was announced after market hours on Monday, 18 April 2016. The stock market was closed yesterday, 19 April 2016 for a holiday.

Higher other income boosted TCS bottom line during the quarter. Other income rose 32% to Rs 917.01 crore in Q4 March 2016 over Q3 December 2015.

During the quarter, TCS saw a broad based growth with the core portfolio performing strongly led by BFSI, retail and manufacturing.

TCS top management in a post Q4 result conference call stated that with most of the headwinds behind, the company is well placed to deliver a strong performance in FY 2017. The management believes that TCS scale and digital capability positions the company strongly to become the preferred digital partner for more and more clients and win a disproportionate share of their incremental digital spending. BFSI, North America and Continental Europe have shown very good resilience and have grown very well in Q4 March 2016 with a good exit, building up strong momentum going into FY 2017. The business in Latin America has turned the corner and has done very well during the last couple of quarters.

TCS has recommended a final dividend of Rs 27 per share for the year ended 31 March 2016 (FY 2016).

TCS is an IT services, consulting and business solutions organization. The company offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services.

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Steel Strips Wheels spurts after winning export order
Apr 20,2016

The announcement was made during trading hours today, 20 April 2016.

Meanwhile, the BSE Sensex was up 127.77 points, or 0.49%, to 25,944.13 .

On BSE, so far 10,000 shares were traded in the counter, compared with an average volume of 6,738 shares in the past one quarter. The stock hit a high of Rs 406 and a low of Rs 387.50 so far during the day. The stock hit a 52-week high of Rs 458 on 28 December 2015. The stock hit a 52-week low of Rs 262.70 on 18 June 2015. The stock had outperformed the market over the past one month till 18 April 2016, rising 16.91% compared with 3.46% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 20.56% as against Sensexs 6.73% rise.

The small-cap company has an equity capital of Rs 15.26 crore. Face value per share is Rs 10.

Steel Strips Wheels (SSWL) said it won an export order for supplying high speed trailer (caravan) steel wheels for the European trailer market. The order comprises of supplying about 28,000 wheels in the next eight months from SSWLs Chennai plant. The order will generate revenues of about 148,000 euros. This order augments SSWLs presence in the highly competitive caravan wheels market. More orders for these wheels are expected in few weeks for the European trailer market, the company said.

Net profit of Steel Strips Wheels rose 62.2% to Rs 15.51 crore on 5.5% growth in net sales to Rs 281.19 crore in Q3 December 2015 over Q3 December 2014.

SSWL designs & manufacture automotive steel wheels and is among the leading supplier to Indian & global automobile manufacturers.

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HDFC gains on plans to divest stake in life insurance arm
Apr 20,2016

The announcement was made before market hours today, 20 April 2016.

Meanwhile, the S&P BSE Sensex was up 132.44 points or 0.51% at 25,948.80.

On BSE, so far 46,000 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 1,158.50 and a low of Rs 1,143 so far during the day. The stock had hit a 52-week high of Rs 1,370.80 on 16 July 2015. The stock had hit a 52-week low of Rs 1,012 on 25 February 2016. The stock had underperformed the market over the past one month till 18 April 2016, sliding 0.03% compared with Sensexs 3.46% rise. The scrip had also underperformed the market in past one quarter, declining 0.58% as against Sensexs 6.73% rise.

The large-cap company has equity capital of Rs 315.97 crore. Face value per share is Rs 2.

HDFC announced that it intends to sell up to 10% of the paid-up share capital of its subsidiary HDFC Standard Life Insurance Company (HDFC Life) through offer for sale (OFS) in the initial public offer (IPO) of HDFC Life subject to market conditions as well as receipt of various applicable approvals including that of Securities and Exchange Board of India (Sebi) and Insurance Regulatory and Development Authority of India (IRDAI) to the extent applicable or required. As on 31 March 2016, HDFC held 61.63% of the issued and paid-up share capital of HDFC Life. Post the sale of shares, HDFC Life would continue to be a subsidiary of HDFC.

HDFC Life reported profit after tax of Rs 818 crore on total income of Rs 17954 crore in the year ended 31 March 2016 (FY 2016). It reported gross premium income of Rs 16313 crore in FY 2016. Net worth as on 31 March 2016 was Rs 3150 crore.

On consolidated basis, HDFCs net profit rose 11% to Rs 2419 crore on 3% growth in total income to Rs 12306.52 crore in Q3 December 2015 over Q3 December 2014.

HDFC is Indias first retail housing finance company and is currently one of the largest originators of housing loans in the country.

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Tata Steel jumps after changes in leadership at UK subsidiary
Apr 20,2016

The announcement was made after market hours on Monday, 18 April 2016.

Meanwhile, the BSE Sensex was up 74.34 points, or 0.29%, to 25,890.70 .

On BSE, so far 2.51 lakh shares were traded in the counter, compared with an average volume of 12.42 lakh shares in the past one quarter. The stock hit a high of Rs 349 and a low of Rs 337 so far during the day. The stock hit a 52-week high of Rs 384.20 on 6 May 2015. The stock hit a 52-week low of Rs 200 on 29 September 2015. The stock had outperformed the market over the past one month till 18 April 2016, rising 10.93% compared with 3.46% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 41.80% as against Sensexs 6.73% rise.

The large-cap company has an equity capital of Rs 971.22 crore. Face value per share is Rs 10.

Bimlendra Jha, an Executive Committee member of Tata Steel Europe has been appointed as the Chief Executive Officer of Tata Steel UK. Jha is currently Executive Chairman of Tata Steel Europes Long Products Europe business and has successfully led the divestment process that resulted in the signing of a sale and purchase agreement with Greybull Capital on 11 April 2016.

Meanwhile, Tata Steel Europe has appointed Standard Chartered Bank as an additional adviser for the divestment of its entire holding in its British subsidiary Tata Steel UK. On 11 April 2016, Tata Steel Europe announced that the company has commenced the formal process for the divestment of its entire holding in its British subsidiary Tata Steel UK. Tata Steel Europe has decided to sell its entire holding in Tata Steel UK due to the deteriorating financial performance of the UK subsidiary.

Tata Steel on 8 April 2016 said that it completed the year ended 31 March 2016 (FY 2016) with an overall increase in production and sales volumes. The company registered its best ever performance in hot metal, crude steel, saleable steel production and total sales in FY 2016, Tata Steel said. Hot Metal production rose 1.42% to 27.14 lakh tonnes in Q4 March 2016 over Q4 March 2015. Crude Steel production rose 4.88% to 25.60 lakh tonnes in Q4 March 2016 over Q4 March 2015. Saleable Steel production rose 6.57% to 25.46 lakh tonnes in Q4 March 2016 over Q4 March 2015.

On consolidated basis, Tata Steel reported net loss of Rs 2127.23 crore in Q3 December 2015 as against net profit of Rs 157.11 crore in Q3 December 2014. Net sales declined 16.5% to Rs 27818.73 crore in Q3 December 2015 over Q3 December 2014.

Tata Steel is Europes second largest steel producer, with steelmaking in the UK and Netherlands, and manufacturing plants across Europe. The combined Tata Steel group is one of the worlds largest steel producers, with a steel capacity of more than 28 million tonnes and 80,000 employees across five continents.

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CRISIL jumps after good Q1 results
Apr 20,2016

The result was announced on Tuesday, 19 April 2016, when the stock market was closed for a holiday.

Meanwhile, the BSE Sensex was up 18.34 points, or 0.07%, to 25,834.70 .

On BSE, so far 2,556 shares were traded in the counter, compared with an average volume of 1,017 shares in the past one quarter. The stock hit a high of Rs 2,083.95 and a low of Rs 2,030 so far during the day. The stock hit a 52-week high of Rs 2,338 on 24 April 2015. The stock hit a 52-week low of Rs 1,750 on 28 March 2016. The stock had outperformed the market over the past one month till 18 April 2016, rising 10.19% compared with 3.46% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 9.11% as against Sensexs 6.73% rise.

The large-cap company has an equity capital of Rs 7.12 crore. Face value per share is Re 1.

CRISIL is a global analytical company providing ratings, research, and risk and policy advisory services.

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TCS drops after announcing Q4 earnings
Apr 20,2016

The result was announced after market hours on Monday, 18 April 2016. The stock market was closed yesterday, 19 April 2016 for a holiday.

Meanwhile, the S&P BSE Sensex was up 50.54 points or 0.2% at 25,866.90.

On BSE, so far 28,000 shares were traded in the counter as against average daily volume of 77,522 shares in the past one quarter. The stock hit a high of Rs 2,548 and a low of Rs 2,467.70 so far during the day. The stock had hit a 52-week low of Rs 2,119 on 29 February 2016. The stock had hit a 52-week high of Rs 2,769 on 5 October 2015. The stock had outperformed the market over the past one month till 18 April 2016, gaining 3.92% compared with Sensexs 3.46% rise. The scrip had also outperformed the market in past one quarter, advancing 10.51% as against Sensexs 6.73% rise.

The large-cap company has equity capital of Rs 197.04 crore. Face value per share is Rs 1.

TCS operating profit rose 2.1% to Rs 7380 crore in Q4 March 2016 over Q3 December 2015. Earning per share (EPS) stood at Rs 32.54 in Q4 March 2016 compared with Rs 30.88 in Q3 December 2015. Q4 March 2016 saw a broad based growth with the core portfolio performing strongly led by BFSI, retail and manufacturing.

TCS top management in a post Q4 result conference call stated that with most of the headwinds behind, the company is well placed to deliver a strong performance in FY 2017. The management believes that TCS scale and digital capability positions the company strongly to become the preferred digital partner for more and more clients and win a disproportionate share of their incremental digital spending. BFSI, North America and Continental Europe have shown very good resilience and have grown very well in Q4 March 2016 with a good exit, building up strong momentum going into FY 2017. The business in Latin America has turned the corner and has done very well during the last couple of quarters.

TCS has recommended a final dividend of Rs 27 per share for the year ended 31 March 2016 (FY 2016).

TCS is an IT services, consulting and business solutions organization. The company offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services.

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Lupin gains after launching Femhrt generic in US market
Apr 18,2016

The announcement was made during trading hours today, 18 April 2016.

Meanwhile, the BSE Sensex was up 192.57 points, or 0.75%, to 25,819.32 .

On BSE, so far 1.07 lakh shares were traded in the counter, compared with an average volume of 3.40 lakh shares in the past one quarter. The stock hit a high of Rs 1,596.35 and a low of Rs 1,546.10 so far during the day. The stock hit a record high of Rs 2,127 on 6 October 2015. The stock 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 13 April 2016, sliding 16.89% compared with 3.68% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 7.42% as against Sensexs 3.11% rise.

The large-cap company has an equity capital of Rs 90.12 crore. Face value per share is Rs 2.

Lupin announced today that its US subsidiary, Lupin Pharmaceuticals Inc. has launched its Fyavolv tablets having received an approval from the United States Food and Drug Administration (USFDA) earlier to market a generic version of Warner Chilcotts Femhrt tablets. It is indicated for the treatment of moderate to severe vasomotor symptoms due to menopause and prevention of postmenopausal osteoporosis. Femhrt had sales of $39 million in the US (IMS MAT December 2015).

On consolidated basis, Lupins net profit fell 11.9% to Rs 529.75 crore on 6.8% growth in net sales to Rs 3357.66 crore in Q3 December 2015 over Q3 December 2014.

Lupin is a pharmaceutical company producing and developing a wide range of branded & generic formulations, biotechnology products and 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 positions in the anti-TB and cephalosporin segment.

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IT stocks nudge higher after strong revenue growth guidance from Infosys
Apr 18,2016

Persistent Systems (up 6.74% at Rs 772.50), Oracle Financial Services Software (up 2.45% at Rs 3,641.45), HCL Technologies (up 1.87% at Rs 853.60), Tech Mahindra (up 1.44% at Rs 477.50) and Wipro (up 0.68% at Rs 588.55) edged higher.

The S&P BSE IT index was currently up 336.28 points or 2.98% at 11,619.46. It outperformed the Sensex which was up 199.14 points or 0.78% at 25,825.89.

The S&P BSE IT index had outperformed the market over the past one month till 13 April 2016, rising 4.2% compared with Sensexs 3.68% rise. The index had also outperformed the market in past one quarter, gaining 5.78% as against Sensexs 3.11% rise.

Shares of IT major Infosys jumped after the company forecast strong revenue growth for the year ending 31 March 2017 (FY 2017) at the time of announcement of its Q4 March 2016 results on Friday, 15 April 2016, when the stock market was closed for a holiday. The stock was up 5.58% at Rs 1,237.50. The stock hit a high of Rs 1,267.90 in intraday trade so far, which is also record high for the counter. The stock hit a low of Rs 1,234.55 so far during the day. Infosys expects revenue growth of 11.8%-13.8% for FY 2017 in US dollar terms. In constant currency terms, the company has forecast 11.5%-13.5% growth in revenue for FY 2017. Infosys revenue growth forecast is higher than 10% to 12% growth for the IT outsourcing sector for FY 2017 forecast by IT industry body National Association of Software and Services Companies (Nasscom) in February this year. Infosys has forecast 12.7%-14.7% growth in revenue in rupee terms for FY 2017 based on rupee dollar exchange rate of 66.26 as on 31 March 2016.

Infosys consolidated net profit rose 3.8% to Rs 3597 crore on 4.1% growth in revenue to Rs 16550 crore in Q4 March 2016 over Q3 December 2015. The results are as per International Financial Reporting Standards (IFRS). Infosys said that the employee attrition reduced further in Q4 March 2016. On annualized basis, the employee attrition rate declined to 17.3% in Q4 March 2016 from 18.1% in Q3 December 2015.

After the strong revenue growth guidance for FY 2017, Infosys ADR jumped 8.4% to settle at $20 on the New York Stock Exchange on Friday, 15 April 2016.

IT major TCS dropped 0.09% at Rs 2,521 after a US court reportedly slapped nearly $1 billion penalty on the company for allegedly stealing information related to US-based Epic Systems healthcare software. TCS, however, denied the charges and said it would appeal. In a statement issued on Saturday, 16 April 2016, TCS said that the jurys verdict on liability and damages was unexpected, as the company believes it is unsupported by the evidence presented during the trial. The company added that it did not misuse or derive any benefit from downloaded documents from Epic Systems user-web portal. TCS said it plans to defend its position vigorously in appeals to higher courts. The company said it appreciates the trial judges announcement from the bench that he is almost certain he will reduce the damages award. The jury verdict will not have any impact on the companys Q4 March 2016 and FY 2016 financial results, TCS said. TCS is set to announce its Q4 March 2016 results today, 18 April 2016.

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Quick Heal spurts after respite in Manohar Malani case
Apr 18,2016

The announcement was made on Thursday, 14 April 2016. The stock market was closed on 14 and 15 April 2016 for holidays.

Meanwhile, the S&P BSE Sensex was up 142.45 points or 0.56% at 25,769.20.

On BSE, so far 6.42 lakh shares were traded in the counter as against average daily volume of 8.46 lakh shares in the past one quarter. The stock hit a high of Rs 244.60 and a low of Rs 222.90 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 small-cap company has equity capital of Rs 70.03 crore. Face value per share is Rs 10.

Quick Heal Technologies had announced on 11 April 2016 that it had lodged a first information report (FIR) on 23 February 2016 against Manohar Malani and others (accused) for cheating, forgery and criminal intimidation. The police have arrested Manohar Malani, CEO and MD of NCS Computech, Kolkata, consequent to the filing of FIR and ongoing investigation. The case pertains to Manohar Malani and certain of his family members (claimants) reportedly making claims that certain equity shares of Quick Heal Technologies were allotted to them in the year 2000. With regard to these reports, Quick Heal Technologies had clarified that it had not received any amount towards share application money or for subscription of shares, from any of the claimants in the year 2000 or at any time thereafter and had never allotted any equity shares of the company to the claimants at any point in time.

In a statement issued on 14 April 2016, Quick Heal Technologies reiterated that it had never allotted any equity shares to the claimants/accused at any point in time and it would continue to take all steps necessary to safeguard its shareholders interests and ensure that the claimants/accused are prosecuted to the fullest extent of the law.

Based on consolidated financials, Quick Heal Technologies reported net profit of Rs 24.22 crore on revenue from operations of Rs 148.18 crore for six months ended 30 September 2015. Net profit stood at Rs 53.80 crore on revenue from operations of Rs 286.11 crore for the year ended 31 March 2015.

Quick Heal Technologies is one of the leading providers of security software products and solutions in India, with a market share of over 30% in the retail segment. The companys end customers include home users, small offices and home offices (SOHO), small and medium-sized business (SMBs), enterprises, educational institutions, as well as government agencies and departments.

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LIC Housing Finance gains after good Q4 earnings
Apr 18,2016

The result was announced during trading hours today, 18 April 2016.

Meanwhile, the BSE Sensex was up 163.16 points, or 0.64%, to 25,789.91 .

On BSE, so far 3.70 lakh shares were traded in the counter, compared with an average volume of 1.67 lakh shares in the past one quarter. The stock hit a high of Rs 490 and a low of Rs 479.70 so far during the day. The stock hit a 52-week high of Rs 526 on 6 August 2015. The stock hit a 52-week low of Rs 389 on 25 February 2016. The stock had outperformed the market over the past one month till 13 April 2016, rising 4.01% compared with 3.68% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 1.76% as against Sensexs 3.11% rise.

The large-cap company has an equity capital of Rs 100.93 crore. Face value per share is Rs 2.

LIC Housing Finances net profit rose 19.81% to Rs 1660.79 crore on 15.62% increase in total income to Rs 12485.45 crore in the year ended March 2016 over the year ended March 2015.

On a consolidated basis, the companys net profit rose 19.50% to Rs 1667.69 crore on 15.46% increase in total income to Rs 12502.57 crore in the year ended March 2016 over the year ended March 2015.

LIC Housing Finance is a housing finance company. LIC of India holds 40.31% stake in the firm as at 31 March 2016.

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AC makers spurt amid sizzling summer
Apr 18,2016

Hitachi Home and Life Solutions (India) (up 11.83%), Whirlpool of India (up 4.06%), Voltas (up 3.83%), Lloyd Electric and Engineering (up 1.88%), Videocon Industries (up 1.26%) and Blue Star (up 0.05%), edged higher.

Air cooler maker Symphony was up 1.04%.

The S&P BSE Sensex was up 166.97 points, or 0.65% at 25,793.72.

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