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Venkys (India) hits record high on recent rally
Jul 05,2017

Meanwhile, the S&P BSE Sensex was down 10.27 points, or 0.03% at 31,199.52. The S&P BSE Small-Cap index was up 115.56 points, or 0.74% at 15,682.49.

High volumes were witnessed on the counter. On the BSE, 1.84 lakh shares were traded on the counter so far as against the average daily volumes of 22,965 shares in the past one quarter. The stock had hit a high of Rs 2,277.15 so far during the day, which is also its record high. The stock hit a low of Rs 2,150.10 so far during the day. The stock had hit a 52-week low of Rs 397.25 on 22 November 2016.

The stock had outperformed the market over the past one month till 4 July 2017, advancing 68.48% compared with the Sensexs 0.2% fall. The scrip had also outperformed the market over the past one quarter advancing 95.19% as against the Sensexs 4.34% rise. The scrip had also outperformed the market over the past one year advancing 309% as against the Sensexs 14.41% rise.

The small-cap company has equity capital of Rs 14.09 crore. Face value per share is Rs 10.

Shares of Venkys (India) surged 59.36% in six trading sessions to its current market price of Rs 2,263, from a close of Rs 1,420 on 27 June 2017.

Venkys (India)s net profit surged 106.6% to Rs 41.71 crore on 4.2% increase in net sales to Rs 619.03 crore in Q4 March 2017 over Q4 March 2016.

Venkys (India) is an integrated poultry firm.

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Timken India, ABC Bearings in demand
Jul 05,2017

The announcement was made after market hours yesterday, 4 July 2017.

Timken India (up 7.40% at Rs 726) and ABC Bearings (up 20% at Rs 285.70).

Meanwhile, the S&P BSE Sensex was up 5.93 points, or 0.02% at 31,215.72.

As per the proposed scheme, Timken India will issue 5 equity shares for every 8 equity shares held in ABC Bearings. The transaction is expected to close in the quarter ended 31 March 2018, subject to the receipt of all approvals.

The scheme is subject to the approval of the shareholders and creditors of ABC Bearings, approval of the regulatory authorities and the sanction of the National Company Law Tribunal.

The amalgamation will help both the firms to achieve larger product portfolio, access new domestic and export markets, increase market share, economies of scale, efficiency, and other related economies. The scheme intends to merge the operations of ABC Bearings with that of Timken India to fulfill this objective.

Net profit of ABC Bearings rose 53% to Rs 4.88 crore on 0.5% decline in net sales to Rs 52.41 crore in Q4 March 2017 over Q4 March 2016.

ABC Bearings is engaged in the business of engineering, product design, manufacturing, distribution and sale of bearings.

Net profit of Timken India declined 3.5% to Rs 25.71 crore on 4.4% decline in net sales to Rs 270.44 crore in Q4 March 2017 over Q4 March 2016.

Timken India is engaged in the business of engineering and manufacturing bearings and mechanical power transmission components including gear drives, couplings, belts and chain.

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Cadila Healthcare gains on starting phase II trial on anemia drug
Jul 05,2017

The announcement was made during trading hours today, 5 July 2017.

Meanwhile, the S&P BSE Sensex was up 30.36 points, or 0.10% to 31,240.15.

On the BSE, 35,000 shares were traded in the counter so far, compared with average daily volumes of 1.54 lakh shares in the past one quarter. The stock had hit a high of Rs 521.05 and a low of Rs 508.35 so far during the day. The stock hit a record high of Rs 558 on 12 June 2017. The stock hit a 52-week low of Rs 328.90 on 5 July 2016.

The stock had outperformed the market over the past one month till 4 July 2017, rising 4.93% compared with 0.32% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 14.73% as against Sensexs 4.12% rise. The scrip had also outperformed the market in past one year, rising 53.80% as against Sensexs 14.88% rise.

The large-cap company has equity capital of Rs 102.37 crore. Face value per share is Re 1.

Cadila Healthcare announced the initiation of a phase Il trial investigating ZYAN1, an oral hypoxia-inducible factor prolyl hydroxylase inhibitor (HIF-PHI), as a treatment for anemia associated with chronic kidney disease (CKD).

ZYAN1 is an oral small molecule that has been designed to inhibit hypoxia-inducible factor prolyl hydroxylase, and thereby increase the natural production of hemoglobin and Red Blood Cell Count (RBC) in anemic patients. ZYAN1 has been shown to improve iron mobilization and has the potential to reduce or eliminate the need for iron supplementation.

Two phase I trials of ZYAN1 have been concluded in Australia and India, and results were recently published in Clinical Pharmacokinetics. ZYAN1 was safe and well-tolerated in healthy volunteers following single escalating oral doses (10n++300 mg) and multiple escalating oral doses (100n++300 mg). The measurement of serum erythropoietin (EPO) levels in healthy volunteers confirmed the pharmacodynamic effect as EPO increased with increasing ZYAN1 doses in relation to placebo.

Anemia is a global public health problem affecting both developing and developed countries. Anemia commonly arises in kidney disease patients, because the kidneys no longer produce sufficient amounts of erythropoietin, a hormone which stimulates red blood cell production. Symptoms of anemia may include fatigue, skin pallor, shortness of breath, light-headedness, dizziness or a fast heartbeat. The Global ESA Market was estimated at $7 billion worldwide.

Cadila Healthcares consolidated net profit fell 32.2% to Rs 385.5 crore on 6.5% rise in net sales to Rs 2417.50 crore in Q4 March 2017 over Q4 March 2016.

Cadila Healthcare is an innovative, global pharmaceutical company that discovers, develops, manufactures and markets a broad range of healthcare therapies.

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Bhansali Engineering advances after expansion plans
Jul 05,2017

The announcement was made after market hours yesterday, 4 July 2017.

Meanwhile, the S&P BSE Sensex was up 23.49 points, or 0.08% to 31,233.28. The S&P BSE Smjall-Cap index was up 131.84 points, or 0.85% to 15,698.77.

On BSE, 7.80 lakh shares were traded in the counter so far as against an average daily volume of 11.23 lakh shares in the past one quarter. The stock hit a high of Rs 70.55 and a low of Rs 68.05 so far during the day. The stock hit a record high of Rs 70.85 yesterday, 4 July 2017. The stock hit a 52-week low of Rs 18.95 on 29 September 2016.

The stock had outperformed the market over the past one month till 4 July 2017, rising 65% compared with 0.32% decline in the Sensex. The scrip had also outperformed the market in past one quarter, surging 90.3% as against Sensexs 4.12% rise. The scrip had outperformed the market in past one year, jumping 231.62% as against Sensexs 14.88% rise.

The small-cap company has equity capital of Rs 16.59 crore. Face value per share is Re 1.

Bhansali Engineering Polymers scheduled a board meeting on 14 July 2017 to consider expansion project of company for increasing ABS production capacity from existing 80 kilo tonnes per annum (KTPA) to 137 KTPA inter alia other businesses.

Bhansali Engineering Polymers net profit surged 1908% to Rs 15.06 crore on 23.56% rise in net sales to Rs 192.73 crore in Q4 March 2017 over Q4 March 2016.

Bhansali Engineering Polymers is a vertically integrated petrochemical company that manufactures ABS which acts as a raw material for leading companies dealing in automobiles, home appliances, telecommunications, luggage, bus body and various other applications.

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Jubilant Life Sciences firms up after broker initiates coverage
Jul 05,2017

Meanwhile, the S&P BSE Sensex was up 31.29 points, or 0.10% to 31,241.08.

On the BSE, 50,000 shares were traded in the counter so far, compared with average daily volumes of 81,924 shares in the past one quarter. The stock had hit a high of Rs 727.95 and a low of Rs 710 so far during the day. The stock hit a record high of Rs 879.10 on 12 April 2017. The stock hit a 52-week low of Rs 298.05 on 18 July 2016.

The stock had underperformed the market over the past one month till 4 July 2017, falling 5.31% compared with 0.32% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 17.13% as against Sensexs 4.12% rise. The scrip had, however, outperformed the market in past one year, rising 117.95% as against Sensexs 14.88% rise.

The large-cap company has equity capital of Rs 15.93 crore. Face value per share is Re 1.

The domestic brokerage reportedly expects strong growth in pharma and life science ingredients segments going ahead.

Jubilant Life Sciences consolidated net profit spurted 1272.3% to Rs 149.03 crore on 7% growth in net sales to Rs 1565.79 crore in Q4 March 2017 over Q4 March 2016.

Jubilant Life Sciences is an integrated global pharmaceutical and life sciences company engaged in pharmaceuticals, life science ingredients and drug discovery solutions.

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Relaxo Footwears drops after recent sharp rally
Jul 05,2017

Meanwhile, the S&P BSE Sensex was up 43.16 points, or 0.14% at 31,252.95. The S&P BSE Mid-Cap index was up 92.94 points, or 0.63% at 14,851.78.

High volumes were witnessed on the counter. On the BSE, 14,000 shares were traded on the counter so far as against the average daily volumes of 3,258 shares in the past one quarter. The stock had hit a high of Rs 534.90 and a low of Rs 520.40 so far during the day. The stock had hit a 52-week high of Rs 554.90 on 4 July 2017 and a 52-week low of Rs 373 on 9 November 2016.

The stock had outperformed the market over the past one month till 4 July 2017, advancing 15.34% compared with the Sensexs 0.2% fall. The scrip had also outperformed the market over the past one quarter advancing 9.03% as against the Sensexs 4.34% rise. The scrip had, however, underperformed the market over the past one year advancing 11.63% as against the Sensexs 14.41% rise.

The mid-cap company has equity capital of Rs 12.01 crore. Face value per share is Rs 1.

Shares of Relaxo Footwears had rallied 13.43% in the preceding one trading session to settle at Rs 543.25 yesterday, 4 July 2017, from its close of Rs 478.95 on 3 July 2017.

Relaxo Footwears net profit rose 4.5% to Rs 34.30 crore on 2.8% increase in net sales to Rs 498.29 crore in Q4 March 2017 over Q4 March 2016.

Relaxo Footwears is a footwear maker.

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Jaiprakash Associates jumps on bargain hunting
Jul 05,2017

Meanwhile, the S&P BSE Sensex was up 33.93 points, or 0.11% to 31,243.72.

On the BSE, 1.02 crore shares were traded in the counter so far, compared with average daily volumes of 92.95 lakh shares in the past one quarter. The stock had hit a high of Rs 21.35 and a low of Rs 19.45 so far during the day. The stock hit a 52-week high of Rs 23.42 on 29 June 2017. The stock hit a 52-week low of Rs 6.71 on 25 November 2016.

The stock had outperformed the market over the past one month till 4 July 2017, rising 52.55% compared with 0.32% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 36.88% as against Sensexs 4.12% rise. The scrip had also outperformed the market in past one year, rising 67.38% as against Sensexs 14.88% rise.

The mid-cap company has equity capital of Rs 486.49 crore. Face value per share is Rs 2.

Shares of Jaiprakash Associates fell 14.32% in three trading sessions to settle at Rs 19.45 yesterday, 4 July 2017, from its close of Rs 22.70 on 29 June 2017.

Jaiprakash Associates reported net loss of Rs 1882.40 crore in Q4 March 2017 as against net loss of Rs 1387.30 crore in Q4 March 2016. Net sales declined 9.2% to Rs 1720.45 crore in Q4 March 2017 over Q4 March 2016.

Jaiprakash Associates is a diversified infrastructure company.

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McNally Bharat Engineering surges after new order win
Jul 05,2017

The announcement was made after market hours yesterday, 4 July 2017.

Meanwhile, the S&P Sensex was up 41.22 points or 0.13% at 31,251.01. The S&P Small-Cap index was up 116.03 points or 0.75% at 15,682.96.

On the BSE, 53,000 shares were traded on the counter so far as against the average daily volumes of 1.28 lakh shares in the past one quarter. The stock had hit a high of Rs 60 and a low of Rs 57.20 so far during the day. The stock had hit a 52-week high of Rs 79.30 on 9 September 2016 and a 52-week low of Rs 37.60 on 22 November 2016.

The small-cap company has equity capital of Rs 53.59 crore. Face value per share is Rs 10.

McNally Bharat Engineering Company said that the company has received an order for construction of entry/exit structure of Elamkulam station and balance works in the main station building at Elamkulam from Delhi Metro Rail Corporation for a value of Rs 43.49 crore (approximately).

McNally Bharat Engineering Company reported net profit of Rs 483.92 crore in Q4 March 2017, as compared with net loss of Rs 78.05 crore in Q4 March 2016. Net sales fell 8.6% to Rs 689.47 crore in Q4 March 2017 over Q4 March 2016.

McNally Bharat Engineering Company is a engineering company engaged in providing turnkey solutions in the areas of power, steel, aluminum, material handling, mineral beneficiation, pyroprocessing, pneumatic handling of powdered materials including fly ash handling and high concentrate disposal, coal washing, port cranes, cement, oil & gas, civic and industrial water supply etc.

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Confidence Petroleum spurts after winning orders
Jul 05,2017

The announcement was made during trading hours today, 5 July 2017.

Meanwhile, the S&P BSE Sensex was up 3.21 points, or 0.01% to 31,213.

On the BSE, 20.60 lakh shares were traded in the counter so far, compared with average daily volumes of 5.85 lakh shares in the past one quarter. The stock was frozen at Rs 17.27 currently, which is also a 52-week high for the counter. The stock had hit a low of Rs 16.60 so far during the day. The stock hit a 52-week low of Rs 4.87 on 7 July 2016.

The stock had outperformed the market over the past one month till 4 July 2017, rising 39.41% compared with 0.32% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 109.55% as against Sensexs 4.12% rise. The scrip had also outperformed the market in past one year, rising 232.32% as against Sensexs 14.88% rise.

The small-cap company has equity capital of Rs 25.88 crore. Face value per share is Re 1.

The orders have been awarded by the BPCL, HPCL and Indian Oil Corporation, with an option of order for equivalent quantity next year, the company said in a statement.

On a consolidated basis, Confidence Petroleum India reported net loss of Rs 0.10 crore in Q4 March 2017 as against net profit of Rs 0.01 crore in Q4 March 2016. Net sales rose 69.74% to Rs 157.55 crore in Q4 March 2017 over Q4 March 2016.

Confidence Petroleum India is manufacturer of liquefied petroleum gas (LPG) cylinders for domestic, as well as commercial use.

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Welspun Enterprises jumps after clarification
Jul 04,2017

Meanwhile, the S&P BSE Sensex was up 67.24 points, or 0.22% to 31,288.86.

On the BSE, 1.77 lakh shares were traded in the counter so far, compared with average daily volumes of 3.59 lakh shares in the past one quarter. The stock had hit a high of Rs 114.50 and a low of Rs 109 so far during the day. The stock hit a 52-week high of Rs 122.25 on 28 June 2017. The stock hit a 52-week low of Rs 54 on 22 November 2016.

The stock had outperformed the market over the past one month till 3 July 2017, rising 16.07% compared with 0.17% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 24.51% as against Sensexs 4.38% rise. The scrip had also outperformed the market in past one year, rising 83.31% as against Sensexs 14.45% rise.

The small-cap company has equity capital of Rs 147.29 crore. Face value per share is Rs 10.

Media reports on 3 July 2017 suggested that IT department conducted raids at Welspun Groups Mumbai office since Friday, 30 July 2017.

In its clarification, Welspun Enterprises confirmed during trading hours today, 4 July 2017, that a search under section 132 of the Income Tax Act, 1961 was conducted by income tax authorities at various locations of Welspun Group from 30 June 2017 to 3 July 2017. Welspun extended its full co-operation to the authorities. As the search was in progress, it could not inform the bourses earlier. No material findings have come to the companys notice.

Net profit of Welspun Enterprises rose 276.06% to Rs 17.75 crore on 148.51% rise in net sales to Rs 181.49 crore in Q4 March 2017 over Q4 March 2016.

Welspun Enterprises, formerly Welspun Projects, part of the Welspun Group, is an operating company in the infrastructure business. The company also has investments in oil & gas exploration.

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Power Mech Projects advances after securing orders
Jul 04,2017

The announcement was made during market hours today, 4 July 2017.

On the BSE, 6,055 shares were traded on the counter so far as against the average daily volumes of 13,000 shares in the past two weeks. The stock had hit a high of Rs 611 and a low of Rs 585.50 so far during the day. The stock had hit a 52-week high of Rs 624.50 on 10 May 2017 and a 52-week low of Rs 389.95 on 10 March 2017.

The stock had underperformed the market over the past one month till 3 July 2017, sliding 0.81% compared with the Sensexs 0.17% fall. The scrip had, however, outperformed the market over the past one quarter advancing 6.21% as against the Sensexs 4.38% rise. The scrip had, however, underperformed the market over the past one year advancing 6.92% as against the Sensexs 15.02% rise.

The small-cap company has equity capital of Rs 14.71 crore. Face value per share is Rs 10.

Power Mech Projects said that its subsidiaries/ joint ventures (JVs) of the company have received a letter of intent/work orders worth Rs 624 crore.

GTA Power Mech Nigeria, 50% joint venture of Power Mech Projects has received an order for composite work tender unit - v for Dangote Oil Refining Company, Lagos, Nigeria for a total contract worth Rs 491 crore.

Mas Power Mech Arabia LLC, 51% subsidiary of Power Mech Projects has received an order for installation works of HRSG, CENTER LINE for 1800MW ALBA PS5 CCPP, Kingdom of Bahrain, for a total contract price of approximately worth around Rs 133 crore.

Power Mech Projects net profit fell 18.6% to Rs 16 crore on 11.5% decrease in net sales to Rs 343.90 crore in Q4 March 2017 over Q4 March 2016.

Power Mech Projects operates as an engineering and construction company, which provides erection, testing and commissioning (ETC), civil and operation and maintenance services for power projects.

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Hero MotoCorp decelerates after bulk deal
Jul 04,2017

Meanwhile, the S&P BSE Sensex was up 48.92 points, or 0.16% to 31,270.54

Bulk deal boosted volume on the scrip. On the BSE, 20.53 lakh shares were traded in the counter so far, compared with average daily volumes of 21,088 shares in the past one quarter. The stock had hit a high of Rs 3,800 and a low of Rs 3,685 so far during the day. The stock hit a record high of Rs 3,880.85 on 5 June 2017. The stock hit a 52-week low of Rs 2,844.40 on 17 November 2016.

The large-cap two-wheeler major has equity capital of Rs 39.94 crore. Face value per share is Rs 2.

Shares of Hero MotoCorp rose 2.17% to settle at Rs 3,777 yesterday, 3 July 2017 after the company reported 14% rise in sales to 6.24 lakh units in June 2017 over June 2016. Hero MotoCorp has clocked such robust volumes in the month of June on account of strong growth in both motorcycles and scooters.

The company has passed on the benefit of GST to its customers with a reduction in the prices of models across its product portfolio in most of the states from 1 July 2017, Hero MotoCorp said. The quantum of reduction ranges from Rs 400 to Rs 1800 on mass-selling models. The actual benefit varies from state to state, depending on the pre and post-GST rates. Some of the premium segment models see a reduction of up to Rs 4000 in certain markets. In one or two states, such as Haryana, where the pre-GST rates were lower than the post-GST rate, the prices of a few models have gone up marginally, the company said.

Hero MotoCorps net profit fell 13.87% to Rs 717.75 crore on 7.86% decline in net sales to Rs 6915.20 crore in Q4 March 2017 over Q4 March 2016.

Hero MotoCorp is the worlds largest manufacturer of two-wheelers.

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ITC slides on profit booking
Jul 04,2017

Meanwhile, the S&P BSE Sensex was up 46.39 points, or 0.15% to 31,268.01.

On the BSE, 4.24 lakh shares were traded in the counter so far, compared with average daily volumes of 10.57 lakh shares in the past one quarter. The stock had hit a high of Rs 344 and a low of Rs 337.05 so far during the day. The stock hit a record high of Rs 353.20 on 3 July 2017. The stock hit a 52-week low of Rs 222.05 on 26 December 2016.

The stock had outperformed the market over the past one month till 3 July 2017, rising 7.25% compared with 0.17% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 21.51% as against Sensexs 4.38% rise. The scrip had also outperformed the market in past one year, rising 39.80% as against Sensexs 14.45% rise.

The large-cap company has equity capital of Rs 1215.22 crore. Face value per share is Re 1.

Shares of ITC rose 11.08% in three trading sessions to settle at Rs 342.30 yesterday, 3 July 2017, from its close of Rs 308.15 on 28 June 2017.

The stock rose 5.70% to settle at Rs 342.30 yesterday, 3 July 2017, on reports that taxation for cigarettes under the good and services tax (GST) regime is around 5-6% lower compared to the previous tax structure.

Under the GST regime, cigarettes have been put in the highest tax slab of 28%. The tax savings in the GST regime is mainly on account of removal of multi-layer tax regime. Earlier value added tax (VAT) was levied on excise duty, while GST now will not be applicable on cess. The GST came into force from 1 July 2017.

As per a foreign brokerage, the return of predictability in taxation could drive volume growth and opportunity to launch a lower-priced cigarette to drive growth in the organized industry. The brokerage firm has maintained a buy rating for the ITC stock and increased its target price to Rs 390 a share.

Another foreign broking firm said the ITC stock remains its top pick in the consumer sector and it maintained outperform and increased its target price to Rs 385 a share.

ITCs net profit rose 12.1% to Rs 2669.47 crore on 14% growth in net sales to Rs 11125.54 crore in Q4 March 2017 over Q4 March 2016.

ITC is a diversified company, with presence in cigarettes, hotels, paperboards & specialty papers, packaging, agri-business, packaged foods & confectionery, information technology, branded apparel, personal care, stationery and other FMCG products. ITC is a market leader in cigarettes.

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Videocon Industries leads gainers on BSEs A group
Jul 04,2017

Videocon Industries hit an upper circuit limit of 5% at Rs 22.85. The stock topped the gainers in A group. On the BSE, 9,840 shares were traded on the counter so far as against the average daily volumes of 13.64 lakh shares in the past two weeks.

Den Networks rose 4.14% at Rs 81.70. The stock was the second biggest gainer in A group. On the BSE, 45,000 shares were traded on the counter so far as against the average daily volumes of 19,000 shares in the past two weeks.

Unitech rose 4.03% at Rs 6.19. The stock was the third biggest gainer in A group. On the BSE, 74.45 lakh shares were traded on the counter so far as against the average daily volumes of 58.03 lakh shares in the past two weeks.

Intellect Design Arena rose 3.88% at Rs 131.10. The stock was the fourth biggest gainer in A group. On the BSE, 1.72 lakh shares were traded on the counter so far as against the average daily volumes of 70,000 shares in the past two weeks.

Jubilant FoodWorks rose 3.46% at Rs 1,034.95. The stock was the fifth biggest gainer in A group. On the BSE, 1.04 lakh shares were traded on the counter so far as against the average daily volumes of 56,000 shares in the past two weeks.

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Volumes jump at KNR Constructions counter
Jul 04,2017

KNR Constructions clocked volume of 4.05 lakh shares by 13:39 IST on BSE, a 114.87-times surge over two-week average daily volume of 4,000 shares. The stock shed 0.31% to Rs 206.90.

Hero MotoCorp notched up volume of 20.12 lakh shares, a 102.22-fold surge over two-week average daily volume of 20,000 shares. The stock lost 1.62% to Rs 3,716.

Intrasoft Technologies saw volume of 1.86 lakh shares, a 18.80-fold surge over two-week average daily volume of 10,000 shares. The stock rose 0.18% to Rs 407.20.

Sanofi India clocked volume of 13,000 shares, a 17.76-fold surge over two-week average daily volume of 1,000 shares. The stock was unchanged at Rs 4,160.

Shriram Transport Finance Company saw volume of 8.80 lakh shares, a 11.02-fold rise over two-week average daily volume of 80,000 shares. The stock rose 2.03% to Rs 1,048.

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