My Application Form Status

Check the status of your application form with Angel Broking.
Arq - The Hyper Intelligent Investment Engine By Angel Broking
Reliance Defence gains after delivering bulk carrier to international client
Jan 18,2017

The announcement was made during trading hours today, 18 January 2017.

Meanwhile, the BSE Sensex was up 53.99 points, or 0.20%, to 27,289.65.

On the BSE, so far 2.28 lakh shares were traded in the counter, compared with average daily volumes of 6.34 lakh shares in the past one quarter. The stock had hit a high of Rs 58.20 and a low of Rs 56.65 so far during the day.

The stock hit a 52-week high of Rs 81.15 on 21 January 2016. The stock hit a 52-week low of Rs 48.40 on 22 November 2016. The stock had underperformed the market over the past 30 days till 17 January 2017, rising 2.99% compared with the 3.26% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 6.34% as against Sensexs 2.68% decline.

The mid-cap company has equity capital of Rs 736.21 crore. Face value per share is Rs 10.

Reliance Defence and Engineering (RDEL) said it delivered yet another 74,500 deadweight tonage (DWT) new-built ice-class Panamax bulk carrier, Sea Amber, on 17 January 2017 to an international customer.

Reliance Shipyard has delivered till date seven similar size, ice-class Panamax vessels to its international customers. The ship has been built as per one of the best-in-class international standards meeting the toughest environmental emission norms as well as fuel economy (EEDI standard). These are the largest dry bulk carriers of its class ever built in India. RDEL is the only Indian shipyard to achieve this landmark, the company said.

Reliance Defence & Engineering reported net loss of Rs 116.29 crore in Q2 September 2016 as against net loss of Rs 170.49 crore in Q2 September 2015. Net sales rose 86.3% to Rs 96.85 crore in Q2 September 2016 over Q2 September 2015.

Reliance Defence and Engineering (RDEL) has the largest engineering infrastructure in India and is one of the largest in the world. The company is the first private sector company in India to obtain the licence and contract to build warships.

Powered by Capital Market - Live News

Swan Energy gains after receiving EOI for subsidiarys stake
Jan 18,2017

The announcement was made during market hours today, 18 January 2017.

Meanwhile, the S&P BSE Sensex was up 46.18 points, or %, to 27,281.84

On the BSE, so far 4.53 lakh shares were traded in the counter, compared with average daily volumes of 5.55 lakh shares in the past one quarter. The stock had hit a high of Rs 182.80 and a low of Rs 176.25 so far during the day.

The stock hit a record high of Rs 213.40 on 14 December 2016. The stock hit a 52-week low of Rs 57.50 on 16 May 2016. The stock had outperformed the market over the past 30 days till 17 January 2017, rising 7.24% compared with the 3.26% rise in the Sensex. The scrip had also outperformed the market in past one quarter, surging 69.58% as against Sensexs 2.68% decline.

The mid-cap company has equity capital of Rs 22.12 crore. Face value per share is Re 1.

Swan Energys net profit jumped 1170.6% to Rs 2.16 crore on 1.6% growth in net sales to Rs 96.09 crore in Q2 September 2016 over Q2 September 2015.

Swan Energy is engaged in the manufacturing of textile products. The company is also engaged in the real estate development and energy businesses.

Powered by Capital Market - Live News

Jaiprakash Associates leads gainers on BSEs A group
Jan 18,2017

Jaiprakash Associates rose 6.82% at Rs 10.34. The stock topped the gainers in A group. On the BSE, 50.41 lakh shares were traded on the counter so far as against the average daily volumes of 61.86 lakh shares in the past two weeks.

Gujarat State Petronet rose 5.55% at Rs 153.10. The stock was the second biggest gainer in A group. On the BSE, 1.95 lakh shares were traded on the counter so far as against the average daily volumes of 40,000 shares in the past two weeks.

United Spirits rose 5.78% at Rs 2,200. The stock was the third biggest gainer in A group. On the BSE, 1.93 lakh shares were traded on the counter so far as against the average daily volumes of 28,000 shares in the past two weeks. The stock rose on reports Diageo Plc is considering increasing its majority stake in United Spirits. Relay B.V., an indirect wholly-owned subsidiary of Diageo Plc, holds 54.78% stake in United Spirits (as per the shareholding pattern as on 31 December 2016). Under Indian stock market regulations, Diageo could raise its stake to just under 75% without triggering a delisting offer.

Tata Elxsi rose 5.66% at Rs 1,503.80. The stock was the fourth biggest gainer in A group. On the BSE, 3.31 lakh shares were traded on the counter so far as against the average daily volumes of 62,000 shares in the past two weeks. The stock rose on reports that the company was looking to test a driverless car on the roads of Bangalore.

Shriram City Union Finance rose 4.98% at Rs 1,944.35. The stock was the fifth biggest gainer in A group. On the BSE, 2,556 shares were traded on the counter so far as against the average daily volumes of 30,000 shares in the past two weeks.

Powered by Capital Market - Live News

Board of Trident declares 2nd interim dividend
Jan 18,2017

Trident announced that the Board in its meeting held on 18 January 2017 considered and declared 2nd Interim Dividend of Rs 0.60/- (6%) per fully paid up Equity Share of INR 10/- each. The said Interim dividend will be credited/dispatched to the members within 15 days of the Record Date.

Powered by Capital Market - Live News

Jain Irrigation Systems Assigned Preliminary B+ Rating; Outlook Stable- S&P Global Ratings
Jan 18,2017

S&P Global Ratings assigned its preliminary B+ long-term corporate credit rating to Jain Irrigation Systems. The outlook is stable. At the same time, we also assigned our preliminary B+ rating to the proposed U.S. dollar notes to be issued by Jain International Trading BV and guaranteed by Jain Irrigation. Our rating on notes is subject to our review of final issuance documentation.

Jain Irrigation is an India-based company engaged in manufacturing of plastics-based micro irrigation piping and plumbing systems. The company also has a small but growing food processing business, which mainly produces fruit pulps and dehydrated onions. Jain International Trading BV is a wholly owned subsidiary of Jain Irrigation incorporated in the Netherlands.

Our rating on Jain Irrigation reflects the companys high leverage compared with peers and elongated working capital cycle, resulting in pressure on liquidity, said S&P Global Ratings credit analyst Ashutosh Sharma. The companys business is exposed to cyclicality due to the variability in monsoons and seasonality in sales.

Jain Irrigations strong franchise with a dominant market position in India and second rank globally in the niche micro-irrigation systems market supports its credit profile. We also expect leverage to reduce and liquidity pressure to subside with growth in business and managements commitment to deleverage and reduce dependence on short-term working capital facilities.

In our view, Jain Irrigations higher leverage than that of peers, such as Valmont Industries Inc. and The Toro Co., weighs down on its financial risk profile, Mr. Sharma said.

The company has an elongated working capital cycle of more than 160 days due to the seasonal nature of the agricultural business. This duration, combined with high cyclicality and seasonality, will likely keep the leverage high, with the ratio of funds from operations (FFO) to debt likely to remain below 20% over the next 24 months. Agricultural demand is subject to vagaries of rains, which in our view induces demand volatility.

We believe Jain Irrigations working capital management remains a key risk to our estimates. Any delay in collection of receivables or liquidation of inventory could add further pressure on the companys leverage.

We believe Jain Irrigations micro irrigation and the piping systems business face stiff competition from small and midsize players in India, given that these businesses have lower barriers to entry, especially in emerging markets.

We believe management is committed to reducing leverage by focusing on cash flows. A recently adopted cash-and-carry model in India should help reduce the working capital intensity. We expect Jain Irrigations proposed issuance of senior unsecured notes to help it to refinance a significant part of its short-term working capital facilities and certain higher-cost long-term facilities, and improve the overall tenor of borrowings.

Jain Irrigation is well-diversified across its key markets, which include India, the U.S., Europe, Israel, Latin America, and Africa. In fiscal 2016 (year ended March 31), the company generated more than 45% of its revenues internationally, of which more than 30% was derived from Europe and North American markets. We expect the company to continue to increase its international presence by penetrating new markets in Latin American and Africa.

We consider Jain Irrigations profitability to be average for the industry. The profitability compares well with that of its peers such as Netafim (up to 2015) and Valmont but ranks below Toro, which has highly evolved brands. We expect Jain Irrigations business mix to ensure steady to slightly improving profitability of 13%-15% over the next two years.

Our preliminary rating is based on the expectation that the Jain Irrigation will largely use proceeds from the proposed notes to partly repay its short-term debt and refinance a portion of its long-term debt. This will help relieve some pressure on liquidity for the company and result in a better capital structure. In the absence of the retirement of some of the working capital facilities and short-term debt maturities, the companys liquidity will come under pressure and result in a weaker credit profile.

The stable outlook reflects our view that Jain Irrigations proposed notes and satisfactory banking relationship will help the company to manage its short-term working capital facilities over the next 12 months. We expect double-digit revenue growth driven by favorable monsoons and managements commitment to deleveraging to result in a ratio of FFO to debt of above 12% over the period.

We may downgrade Jain Irrigation by multiple notches if the companys credit standing in the capital markets weakens, such that we assess its liquidity to be weak. This could happen if the company is unable to secure working capital facilities for its subsequent operating season due to deteriorating working capital or pressure on its banking relationships.

We may also downgrade Jain Irrigation if the companys working capital needs remain high, resulting in significant shortfall of funds in the absence of the proposed notes. We may also downgrade Jain Irrigation if poor monsoons in India result in the ratio of FFO to debt falling below 12%.

We are unlikely to upgrade Jain over the next 12-24 months due to the companys high leverage and liquidity pressure. However, we may upgrade the company if: (1) the FFO-to-debt ratio reaches close to 20%, possibly due to strong operating performance; and (2) the company ensures adequate liquidity and a sustainable capital structure with a longer maturity profile.

Powered by Capital Market - Live News

Tata Elxsi jumps on buzz of testing driverless car
Jan 18,2017

Meanwhile, the BSE Sensex was up 80.86 points, or 0.30%, to 27,316.52.

On the BSE, so far 3.23 lakh shares were traded in the counter, compared with average daily volumes of 83,294 shares in the past one quarter. The stock had hit a high of Rs 1,521.35 and a low of Rs 1,443.10 so far during the day.

The stock hit a record high of Rs 2,396 on 2 February 2016. The stock hit a 52-week low of Rs 1,021.65 on 21 November 2016. The stock had underperformed the market over the past 30 days till 17 January 2017, rising 0.64% compared with the 3.26% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 5.15% as against Sensexs 2.68% decline.

The mid-cap company has equity capital of Rs 31.14 crore. Face value per share is Rs 10.

According to a media report, Tata Elxsi is looking to test an autonomous, or driverless, car out on the roads of Bengaluru. This would be a first in the country. Currently, all major automobile manufacturers as well as technology firms of the Silicon Valley, such as Google, Apple, Uber and Tesla, are building and testing autonomous vehicles. Cars that will drive themselves could be common on the streets by 2025, the report said.

Tata Elxsi works with carmakers and their specialised component suppliers. It is leveraging its knowledge in computer science and artificial Intelligence to grab a share of the soon to be multi-billion dollar global industry. It has already begun simulating and testing autonomous cars at a facility on the outskirts of Bengaluru, the report added.

Net profit of Tata Elxsi rose 13.1% to Rs 43.08 crore on 15% rise in net sales to Rs 303.29 crore in Q2 September 2016 over Q2 September 2015.

Tata Elxsi is amongst the worlds leading providers of design and technology services for product engineering and solutions across industries including broadcast, communications and automotive.

Powered by Capital Market - Live News

Gartner Says That 20 Percent of Organizations Will Use Smartphones in Place of Traditional Physical Access Cards By 2020
Jan 18,2017

In 2016, less than 5 percent of organizations used smartphones to enable access to offices and other premises. By 2020, Gartner, Inc. said that 20 percent of organizations will use smartphones in place of traditional physical access cards.

A significant fraction of organizations use legacy physical access technologies that are proprietary, closed systems and have limited ability to integrate with IT infrastructure, said David Anthony Mahdi, research director at Gartner. Today, the increasing availability of mobile and cloud technologies from many physical access control system (PACS*) vendors will have major impacts on how these systems can be implemented and managed.

PACS technology is widely deployed across multiple vertical industries and geographies to secure access to a wide range of facilities (buildings, individual offices, data centers, plant rooms, warehouses and so on), ensuring that only entitled people (employees, contractors, visitors, maintenance staff) get access to specific locations.

Mobile technology is already widely used for logical access control. Phone-as-a-token authentication methods continue to be the preferred choice in the majority of new and refreshed token deployments as an alternative to traditional one-time password (OTP) hardware tokens. Gartner projects that the same kinds of cost and user experience (UX) benefits will drive increasing use of smartphones in place of discrete physical access cards. Smartphones using technologies and protocols such as Bluetooth, Bluetooth LE, and Near Field Communication can work with a number of readers and PACS technology.

One of the easiest ways to use a smartphones access credentials is to integrate them n++ via a data channel over the air or via Wi-Fi n++ into the access control system (ACS) and unlock the door remotely (just as an ACS administrator can). This approach requires no change to reader hardware.

Using smartphones can also simplify the integration of biometric technologies. Rather than having to add biometric capture devices in or alongside readers, the phone itself can easily be used as a capture device for face or voice (or both), with comparison and matching done locally on the phone or centrally, said Mr. Mahdi. This approach also mitigates the risks from an attacker who gains possession of a persons phone.

The technologys limitations remain a challenge. For example, theres significant disparity in functionality between smartphones, and some security and risk management leaders should be aware that their physical card readers and PACS might require a significant upgrade to use smartphones for physical access. Nevertheless, replacing traditional physical access cards with smartphones enables widely sought-after cost reductions and UX benefits, said Mr. Mahdi. We recommend that security and risk managers work closely with physical security teams to carefully evaluate the UX and total cost of ownership benefits of using access credentials on smartphones to replace existing physical cards.

Powered by Capital Market - Live News

Board of Motherson Sumi Systems to consider Q3 results
Jan 18,2017

Motherson Sumi Systems announced that a meeting of the Board of Directors of the Company will be held on 13 February 2017, inter alia, to consider and approve the Unaudited Financial Results of the Company for the quarter ended 31 December 2016 (Q3).

Powered by Capital Market - Live News

Board of Lotus Chocolate Company to consider change in CFO and change in company secretary
Jan 18,2017

Lotus Chocolate Company announced that a meeting of the Board of Directors of the Company is scheduled to be held on 25 January 2017, inter alia, to consider the following:

1. To accept the Resignation of Ganeswara Rao Kommula as Chief Financial Officer (CFO) of the Company with effect from 31 December 2016.

2. To accept the Resignation of U.V. Kini as Company Secretary and Compliance Officer of the Company with effect from 31 December 2016.

3. To Appoint Ravikumar Pasapula as Chief Financial Officer of the Company with effect from 02 January 2017.

4. To appoint Babita Chandrakar as Company Secretary and Compliance Officer of the Company with effect from 02 January 2017.

Powered by Capital Market - Live News

Market Creators to announce Q3 results
Jan 18,2017

Market Creators announced that the meeting of Board of Directors of the Company is scheduled on 06 February 2017 to take on record unaudited financial results for the Third Quarter ended on 31 December 2016.

Powered by Capital Market - Live News

Kaya allots 10866 equity shares
Jan 18,2017

Kaya announced that 10866 equity shares of face value of Rs. 10/- each have been issued and allotted under the Kaya Limited Employees Stock Option Scheme 2014 (Scheme) by the authorized Nomination and Remuneration Committee of the Board of Directors through a Circular Resolution passed on 17 January 2017.

Consequently, the issued, subscribed and paid up capital of the Company stands increased to 13008437 equity shares of face value of Rs. 10 each.

Powered by Capital Market - Live News

Board of Thirdwave Financial Intermediaries to consider December quarter results
Jan 18,2017

Thirdwave Financial Intermediaries announced that a meeting of Board of Directors of the Company shall be held on 30 January 2017, to consider the following;

- Take on record the unaudited results for the quarter ended on 31 December 2016.

Powered by Capital Market - Live News

Samkrg Pistons & Rings Board to consider December quarter results
Jan 18,2017

Samkrg Pistons & Rings announced that a Meeting of the Board of Directors of the Company will be held on 30 January 2017, to consider and take on record the Un-audited Financial Results of the Company for the Quarter ended 31 December 2016.

Powered by Capital Market - Live News

Alkyl Amines Chemicals to consider Q3 and 9M results
Jan 18,2017

Alkyl Amines Chemicals announced that a meeting of the Board of Directors of the Company will be held on 01 February 2017, inter alia, to consider & approval of Unaudited Financial Results for the quarter and nine months ended 31 December 2016.

Powered by Capital Market - Live News

Panacea Biotec jumps on report USFDA approves migraine drug
Jan 18,2017

Meanwhile, the BSE Sensex was up 136.42 points, or 0.50%, to 27,372.08.

On the BSE, so far 1.09 lakh shares were traded in the counter, compared with average daily volumes of 15,624 shares in the past one quarter. The stock had hit a high of Rs 143.60 and a low of Rs 134.20 so far during the day.

The stock hit a 52-week high of Rs 155 on 25 July 2016. The stock hit a 52-week low of Rs 83.90 on 12 February 2016. The stock had outperformed the market over the past 30 days till 17 January 2017, rising 4.17% compared with the 3.26% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 15.93% as against Sensexs 2.68% decline.

The small-cap company has equity capital of Rs 6.13 crore. Face value per share is Re 1.

According to reports, Panacea Biotec received the US Food and Drug Administrations (USFDA) approval for Rizatripan Bonzoate tablet, which is used in treating symptoms due to migraine.

Panacea Biotec reported net loss of Rs 11.84 crore in Q2 September 2016, lower than net loss of Rs 17 crore in Q2 September 2015. Net sales declined 18.3% to Rs 131.56 crore in Q2 September 2016 over Q2 September 2015.

Panacea Biotec is one of Indias leading research based biotechnology companies with established research, manufacturing and marketing capabilities.

Powered by Capital Market - Live News