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Corporation Bank slips on buzz of CBI registering cases of fraud
Jun 27,2017

Meanwhile, the S&P Sensex was down 106.72 points or 0.34% at 31,031.49. The S&P BSE Mid-Cap index was down 120.72 points, or 0.83% at 14,463.09.

On the BSE, 51,656 shares were traded on the counter so far as against the average daily volumes of 1.59 lakh shares in the past one quarter. The stock had hit a high of Rs 51.85 and a low of Rs 49.35 so far during the day. The stock had hit a 52-week high of Rs 64.70 on 5 May 2017 and a 52-week low of Rs 35.60 on 9 November 2016.

The stock has dropped 10.91% in four sessions to its ruling price from a close of Rs 55.90 on 20 June 2017.

The stock had underperformed the market over the past one month till 23 June 2017, rising 2.07% compared with 2.55% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 10.55% as against Sensexs 6.16% gains. The scrip had also outperformed the market in past one year, rising 26.16% as against Sensexs 15.32% gains.

The mid-cap bank has equity capital of Rs 229.41 crore. Face value per share is Rs 2.

The Central Bureau of Investigation has reportedly registered 16 cases on complaints received from Corporation Bank related to alleged fraud involving three branches at Vasant Vihar, Vasant Kunj and Aali in Delhi. Among the accused are then chief managers, senior managers and branch managers of the bank and some private persons.

Searches were conducted on Friday, 23 June 2017, at 13 places, including Delhi, Ghaziabad and Ahmedabad, at the premises of accused leading to recovery of documents.

This is in addition to three more cases of bank fraud in the Vasant Kunj branch of Corporation Bank. Searches were also conducted at 10 places on 1 June 2017.

It was alleged that a group of loanees floated various firms for the purpose of cheating the bank fraudulently by taking loans on the basis of fake or forged documents, report added.

Corporation Bank reported net profit of Rs 159.98 crore in Q4 March 2017 compared with net loss of Rs 510.97 crore in Q4 March 2016. Total income rose 9.8% to Rs 5730.49 crore in Q4 March 2017 over Q4 March 2016.

Government of India holds 70.77% stake in the bank (as on 31 March 2017).

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Vimta Labs surges 20.38% in eight sessions
Jun 27,2017

Meanwhile, the S&P BSE Sensex was down 138.64 points, or 0.45% at 31,999.57. The S&P BSE Small-Cap index was down 172.79 points, or 1.12% at 15,209.11.

On the BSE, 98,000 shares were traded on the counter so far as against the average daily volumes of 44,406 shares in the past one quarter. The stock had hit a high of Rs 153.90 so far during the day, which is also its 52-week high. The stock hit a low of Rs 140 so far during the day. The stock had hit a 52-week low of Rs 67.65 on 24 June 2016.

The stock had outperformed the market over the past one month till 23 June 2017, advancing 15.57% compared with the Sensexs 2.55% rise. The scrip had also outperformed the market over the past one quarter advancing 24.75% as against the Sensexs 6.16% rise. The scrip had also outperformed the market over the past one year advancing 88.68% as against the Sensexs 15.32% rise.

The small-cap company has equity capital of Rs 4.42 crore. Face value per share is Rs 2.

Shares of Vimta Labs jumped 20.38% in eight trading sessions to its current market price of Rs 142.05, from a close of Rs 118 on 14 June 2017.

Vimta Labs net profit rose 32.6% to Rs 2.40 crore on 19.9% increase in net sales to Rs 39.47 crore in Q4 March 2017 over Q4 March 2016.

Vimta Labs is engaged in the business of contract research and testing services. The company provides services of testing and contract research in the fields of clinical and pre-clinical studies, clinical reference, analytical testing, advanced molecular biology and environmental studies.

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Tejas Networks makes a quiet debut
Jun 27,2017

Meanwhile, the S&P BSE Sensex was down 95.39 points, or 0.31%, to 31,042.82. The S&P Small-Cap index was down 152.80 points, or 0.99%, to 15,229.10.

Shares of Tejas Networks debuted at Rs 257 on BSE, matching its initial public offer (IPO) price of Rs 257 per share. So far the stock hit a high of Rs 271 and low of Rs 257. On BSE, so far 19.32 lakh shares were traded on the counter.

The initial public offer (IPO) of Tejas Networks received bids for 3.21 crore shares compared with 1.71 crore shares on offer, data on NSE showed. The IPO was subscribed 1.88 times. The price band for the IPO was fixed at Rs 250-257 per share. The IPO opened on 14 June 2017 and closed on 16 June 2017.

The qualified institutional buyers (QIBs) category was subscribed 2.16 times. The non institutional investors (NIIs) category was subscribed 0.48 times. The retail individual investors (RIIs) category was subscribed 3.10 times.

The objects of the issue were working capital requirement of around Rs 303 crore, capital expenditure towards payment of salaries and wages for R&D team of around Rs 45.29 crore and rest for general corporate purposes (over Rs 101 crore), apart from the benefits of listing the equity shares on the BSE and the NSE to enhance its visibility and brand image and provide liquidity to its existing shareholders.

Ahead of the IPO, the IPO committee of Tejas Networks had raised Rs 349.50 crore by issuing 1.35 crore shares to eighteen anchor investors at Rs 257 per share.

Tejas Networks consolidated net profit jumped 117.92% to Rs 63.22 crore on 39.96% rise in net sales to Rs 878.20 crore in the year ended 31 March 2017 (FY 2017) over FY 2016.

Tejas Networks is an optical and data networking products company. The company designs, develops and sells products to telecommunications service providers, internet service providers, utility companies, defence companies and government entities in India and over 60 countries.

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Profit booking punctures rally in Balkrishna Industries
Jun 27,2017

Meanwhile, the S&P BSE Sensex was down 114.96 points, or 0.37% to 31,023.25

On the BSE, 3,965 shares were traded on the counter so far as against the average daily volumes of 57,560 shares in the past one quarter. The stock hit a high of Rs 1,719 and a low of Rs 1,651.95 so far during the day. The stock had hit a record high of Rs 1,729 on 23 June 2017. The stock had hit a 52-week low of Rs 650 on 24 June 2016.

The stock had outperformed the market over the past one month till 23 June 2017, rising 13.68% compared with 2.55% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 19.96% as against Sensexs 6.16% gains. The scrip had also outperformed the market in past one year, surging 155.04% as against Sensexs 15.32% gains.

The large-cap company has equity capital of Rs 19.33 crore. Face value per share is Rs 2.

Balkrishna Industries net profit rose 1.79% to Rs 137.47 crore on 15.23% increase in net sales to Rs 1002.94 crore in Q4 March 2017 over Q4 March 2016.

Balkrishna Industries is a leading manufacturer in the off-highway tire market. The company has focused on specialist segments such as agricultural, construction and industrial vehicles as well as earthmoving, port and mining, ATV, and gardening applications.

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M&M picks up speed after incorporating new subsidiaries
Jun 27,2017

The announcement was made on Monday, 26 June 2017, when the stock markets remained closed on account of holiday.

Meanwhile, the S&P BSE Sensex was down 99.79 points or 0.32% at 31,038.42.

On the BSE, 10,461 shares were traded on the counter so far as against the average daily volumes of 1.62 lakh shares in the past one quarter. The stock had hit a high of Rs 1,391.80 and a low of Rs 1,375.95 so far during the day. The stock had hit a record high of Rs 1,508.80 on 9 August 2016 and a 52-week low of Rs 1,141.80 on 2 December 2016.

The stock had outperformed the market over the past one month till 23 June 2017, rising 3.51% compared with 2.55% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 8.01% as against Sensexs 6.16% gains. The scrip had, however, underperformed the market in past one year, rising 0.12% as against Sensexs 15.32% gains.

The large-cap company has equity capital of Rs 310.55 crore. Face value per share is Rs 5.

Mahindra & Mahindra (M&M) said that Mahindra Waste Energy Solutions is incorporated as its new subsidiary company with effect from 25 June 2017.

The new company shall carry on the activities connected with renewable energy/non renewable energy. M&M has subscribed to 10,000 shares of Rs 10 each aggregating Rs 1 lakh.

M&M separately said on Monday, 26 June 2017 that Mahindra Telecom Energy Management Services is incorporated as a new subsidiary company with effect from 25 June 2017.

This subsidiary shall carry on the business in India and abroad for operations, routine, preventive, corrective and break down maintainenece of energy management and telecom infrastructure.

M&Ms net profit rose 19.9% to Rs 725.16 crore on 3.3% rise in net sales to Rs 11125.15 crore in Q4 March 2017 over Q4 March 2016.

M&M enjoys a leadership position in tractors and utility vehicles in India.

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Ceat deflates after announcing investment in Tyresnmore Online
Jun 27,2017

The announcement was made after market hours on Friday, 23 June 2017. Stock markets remained closed on Monday, 26 June 2017, for a local holiday.

Meanwhile, the S&P BSE Sensex was down 102.22 points or 0.33% at 31,035.99. The BSE Mid-Cap index was down 150.47 points or 1.03% at 14,433.34.

On BSE, so far 14,000 shares were traded in the counter as against average daily volume of 1.14 lakh shares in the past one quarter. The stock hit a high of Rs 1,815.30 and a low of Rs 1,779.05 so far during the day. The stock had hit a record high of Rs 1,948 on 13 June 2017. The stock had hit a 52-week low of Rs 731.20 on 24 June 2016.

The mid-cap company has equity capital of Rs 40.45 crore. Face value per share is Rs 10.

Tyresnmore Online belongs to auto ancillary industry and is involved in selling of automotive tyres, accessories and/or providing and providing ancillary automotive services. Tyresnmore Online had turnover of Rs 1.19 crore as on 31 March 2017.

Ceats consolidated net profit dropped 32.51% to Rs 66.33 crore on 5.28% growth in total income to Rs 1475.42 crore in Q4 March 2017 over Q4 March 2016.

Ceat is one of Indias leading tyre manufacturers. The company sells its tyres under the Ceat brand.

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Sterlite Tech recovers after getting selected for smart city project
Jun 27,2017

The announcement was made on Monday, 26 June 2017, when the stock markets remained closed on account of holiday.

Meanwhile, the S&P BSE Sensex was down 104.65 points, or 0.34% to 31,033.56. The S&P BSE Mid-Cap index was down 157.73 points, or 1.08% to 14,426.08.

On the BSE, 74,374 shares were traded in the counter so far as against average daily volume of 2.01 lakh in the past one quarter. The stock had hit a high of Rs 152.90 and a low of Rs 149.25 so far during the trading session. The stock had 52-week high of Rs 170 on 17 May 2017. The stock had hit 52-week low of Rs 73.85 on 30 September 2016.

The stock had dropped 5.4% in three sessions to Rs 146.25 on 23 June 2017, from a close of Rs 154.60 on 20 June 2017.

The stock had underperformed the market over the past one month till 23 June 2017, declining 7.38% compared with 2.55% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 16.21% as against Sensexs 6.16% gains. The scrip had also outperformed the market in past one year, jumping 84.66% as against Sensexs 15.32% gains.

The mid-cap company has equity capital of Rs 79.82 crore. Face value per share is Rs 2.

Kakinada was chosen among the first 20 cities in the first phase of the Smart City Mission. The project aims to bring transformational changes in the everyday living experiences of over 3.25 lakh citizens of Kakinada, through real-time governance and efficient delivery of citizen services.

As part of the project, Sterlite Tech will design, build and manage the Kakinada Smart City for the next six years.

Kakinada Smart City Corporation selected Sterlite Tech as its implementation partner to deliver various Smart City related ICT solutions. These include command control centre, CCTV surveillance, wi-fi, automatic number-plate recognition, face detection, waste and disaster management, among other platforms, bringing many technology firsts to India in terms of horizontal internet of things (IoT) platform, LoRa-based city-wide wireless sensor network and disaster management systems.

Sterlite Technologies consolidated net profit rose 29.51% to Rs 68.67 crore on 1.96% rise in net sales to Rs 700.54 crore in Q4 March 2017 over Q3 December 2016.

Sterlite Technologies is a global technology leader that designs, builds and manages smarter digital networks.

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Capital First drops ex-dividend
Jun 27,2017

Meanwhile, the S&P BSE Sensex was down 96.15 points, or 0.31% at 31,042.06. The S&P BSE Mid-Cap index was down 162.68 points, or 1.12% at 14,421.13.

On the BSE, 26,000 shares were traded on the counter so far as against the average daily volumes of 6.92 lakh shares in the past one quarter. The stock had hit a high of Rs 691.30 and a low of Rs 658 so far during the day. The stock had hit a 52-week high of Rs 814.80 on 10 May 2017 and a 52-week low of Rs 465.10 on 22 November 2016.

The stock had underperformed the market over the past one month till 23 June 2017, sliding 0.79% compared with the Sensexs 2.55% rise. The scrip had also underperformed the market over the past one quarter declining 4.57% as against the Sensexs 6.16% rise. The scrip had, however, outperformed the market over the past one year advancing 23.22% as against the Sensexs 15.32% rise.

The mid-cap company has equity capital of Rs 97.64 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 0.38% based on the closing price of Rs 687.80 on Friday, 23 June 2017.

Capital First said that the debenture committee constituted by the board of directors of the company at its meeting held on Friday, 23 June 2017 has approved an issue of rated, listed, secured, redeemable, non-convertible debentures of Rs 25 crore plus green shoe option of Rs 25 crore on private placement basis. The announcement was made after market hours on Friday, 23 June 2017.

Capital Firsts consolidated net profit rose 49.1% to Rs 70.83 crore on 35.6% increase in total income to Rs 756.84 crore in Q4 March 2017 over Q4 March 2016.

Capital First is a leading financial institution in India focused on providing debt financing to micro small and medium enterprises (MSME) and Indian consumers.

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Cadila Healthcare gets stronger after board approves fund raising
Jun 27,2017

The announcement was made on Monday, 26 June 2017. The market was shut on Monday, 26 June 2017, on account of holiday.

Meanwhile, the S&P BSE Sensex was down 69.45 points, or 0.22% to 31,072.69.

On the BSE, 34,702 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 535.35 and a low of Rs 527.45 so far during the day. The stock had hit a record high of Rs 558 on 12 June 2017. The stock had hit a 52-week low of Rs 305.05 on 24 June 2016.

The stock had outperformed the market over the past one month till 23 June 2017, gaining 19.03% compared with 2.55% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 17.5% as against Sensexs 6.16% gains. The scrip had also outperformed the market in past one year, jumping 66.83% as against Sensexs 15.32% gains.

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

Cadila Healthcare said that its board approved in-principle to raise funds by issue of equity shares/ convertible bonds/debentures through qualified institutional placement (QIP)/ global depository receipts (GDR)/American depository receipts (ADR), for an aggregate amount up to Rs 10000 crore.

The board also approved to issue secured/unsecured redeemable non-convertible debentures/foreign currency bonds on private placement basis for an amount up to Rs 3500 crore in the financial year 2017n++2018. Further, the board also approved to issue foreign currency bond/foreign currency convertible bonds for an amount up to Rs 5000.

Separately, Cadila Healthcare announced that it has received final approval from the United States Food & Drug Administration (USFDA) to market Entecavir Tablets in the strengths of 0.5 mg and 1 mg. The announcement was made during market hours today, 27 June 2017.

The drug is used in the treatment of Hepatitis B virus infection and will be produced at the groups formulations manufacturing facility at the Pharma special economic zone (SEZ) in Ahmedabad. The estimated sale of Entecavir Tablets in US is $166.3 million as per the IMS MAT April 2017.

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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Apollo Tyres declines ex-dividend
Jun 27,2017

Meanwhile, the S&P BSE Sensex was up 75.42 points, or 0.24% at 31,213.63.

On the BSE, 40,000 shares were traded on the counter so far as against the average daily volumes of 4.79 lakh shares in the past one quarter. The stock had hit a high of Rs 246 and a low of Rs 241.30 so far during the day. The stock had hit a record high of Rs 266.40 on 13 June 2017 and a 52-week low of Rs 139.35 on 24 June 2016.

The stock had outperformed the market over the past one month till 23 June 2017, advancing 7.11% compared with the Sensexs 2.55% rise. The scrip had also outperformed the market over the past one quarter advancing 19.61% as against the Sensexs 6.16% rise. The scrip had also outperformed the market over the past one year advancing 65.88% as against the Sensexs 15.32% rise.

The large-cap company has equity capital of Rs 50.90 crore. Face value per share is Rs 1.

Before turning ex-dividend, the stock offered a dividend yield of 1.21% based on the closing price of Rs 247 on Friday, 23 June 2017.

Apollo Tyres consolidated net profit fell 16.1% to Rs 228.24 crore on 10.2% increase in net sales to Rs 3269.22 crore in Q4 March 2017 over Q4 March 2016.

Apollo Tyres is an international tyre major with manufacturing units in India, the Netherlands and Hungary. The company markets its products under its two global brands - Apollo and Vredestein. The companys products are available in over 100 countries through a network of branded, exclusive and multi-product outlets.

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Infibeam gains on stock-split plan
Jun 27,2017

The announcement was made on Monday, 26 June 2017, when the stock markets were closed for local holiday.

Meanwhile, the S&P BSE Sensex was up 98.39 points, or 0.32%, to 31,236.60. The S&P BSE Mid-Cap index was down 26.72 points, or 0.18%, to 14,557.09.

On the BSE, so far 3,076 shares were traded in the counter, compared with average daily volumes of 1.24 lakh shares in the past one quarter. The stock had hit a high of Rs 1,048.05 and low of Rs 1,039.45 so far during the day. The stock had hit a record high of Rs 1447.55 on 22 February 2017. The stock hit a 52-week low of Rs 431.35 on 8 April 2016.

The mid-cap company has equity capital of Rs 54.28 crore. Face value per share is Rs 10.

On a consolidated basis, net profit of Infibeam Incorporation rose 468.49% to Rs 13.53 crore on 61.22% rise in net sales to Rs 120.51 crore in Q4 March 2017 over Q4 March 2016.

Infibeam Incorporation is an e-commerce company, focused on developing successful e-commerce platforms and ecosystems.

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LT Foods boils after announcing inauguration of rice plant
Jun 27,2017

The announcement was made on Sunday, 25 June 2017. Stock markets remained closed on Monday, 26 June 2017, for a local holiday.

Meanwhile, the S&P BSE Sensex was up 127.68 points, or 0.41%, to 31,265.89. The S&P Small-Cap index was up 42.67 points, or 0.28%, to 15,424.57.

On BSE, so far 12,000 shares were traded in the counter, compared with average daily volume of 1.53 lakh shares in the past one quarter. The stock hit a high of Rs 66.60 and a low of Rs 65.70 so far during the day. The stock hit a record high of Rs 84.70 on 23 May 2017. The stock hit a 52-week low of Rs 21.11 on 9 November 2016.

The small-cap company has equity capital of Rs 26.67 crore. Face value per share is Re 1.

LT Foods said that the company is inaugurating rice plant at Rotterdam, Netherlands in Europe with an initial processing capacity of 60,000 tonne on 28 June 2017. The company would be manufacturing a wide range of rice including popular varieties like Basmati, Thai, Jasmine and American rice from the new plant.

On consolidated basis, LT Foods net profit rose 507.75% to Rs 33.73 crore on 19.5% growth in net sales to Rs 962.15 crore in Q4 March 2017 over Q4 March 2016.

LT Foods has a diversified product portfolio of branded basmati rice, value-added staples and organic food.

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Punj Lloyd declines on profit booking
Jun 23,2017

Meanwhile, the S&P BSE Sensex was down 147.79 points or 0.47% at 31,142.95. The S&P BSE Small-Cap index fell 228.46 points or 1.46% at 15,381.03.

On the BSE, 3.53 lakh shares were traded on the counter so far as against the average daily volumes of 5.07 lakh shares in the past two weeks. The stock had hit a high of Rs 19.45 and a low of Rs 18.45 so far during the day. The stock had hit a 52-week high of Rs 28.30 on 15 September 2016 and a record low of Rs 16.90 on 9 November 2016.

Shares of Punj Lloyd had risen 8.7% in the preceding two trading sessions to settle at Rs 19.35 yesterday, 22 June 2017, from its close of Rs 17.80 on 20 June 2017.

Punj Lloyd reported net loss of Rs 181.58 crore in Q4 March 2017, lower than net loss of Rs 396.15 crore in Q4 March 2016. Net sales rose 29.3% to Rs 889.98 crore in Q4 March 2017 over Q4 March 2016.

The Punj Lloyd Group is a diversified international conglomerate offering EPC services in energy and infrastructure along with engineering and manufacturing capabilities in the defence sector.

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Reliance Infra gains on transport biz spin-off plan buzz
Jun 23,2017

Meanwhile, the S&P BSE Sensex was down 116.10 points, or 0.37% to 31,174.64.

On the BSE, 4.27 lakh shares were traded in the counter so far, compared with average daily volumes of 3.87 lakh shares in the past one quarter. The stock had hit a high of Rs 509.20 and a low of Rs 486.60 so far during the day. The stock had hit a 52-week high of Rs 635.35 on 9 September 2016. The stock had hit a 52-week low of Rs 426.45 on 9 November 2016.

The stock had underperformed the market over the past one month till 22 June 2017, falling 11.17% compared with Sensexs 2.35% gains. The scrip had also underperformed the market in past one quarter, dropping 12.02% as against Sensexs 7.28% rise. The scrip had also underperformed the market in past one year, dropping 8.78% as against Sensexs 16.91% rise.

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

The spinoff will take care of its interests in railway, metro, airport and road projects even as the proposed listing of Infrastructure Investment Trust (InvIT) faces what the company calls n++some procedural delaysn++ after receiving the nod from the stock market regulator, report added.

Meanwhile, Reliance Infrastructure said after market hours yesterday, 22 June 2017 that Reliance Defence, a fully owned subsidiary of Reliance Infrastructure, signed a memorandum of understanding (MOU) at the Paris Air Show with Daher Aerospace, France, a leading supplier of integrated systems for Aerospace and Advanced Technologies.

Daher Aerospace is tier one manufacturer in Aerostructures segment comprising fuselage sections and fairings made of composites as well as conventional metals for Dassault Aviation and other leading global aircraft manufacturers.

Signing this MOU on the sidelines of the Paris Air Show, Reliance Defence envisages a strategic partnership with Daher with aim to jointly explore opportunities in design and manufacture of composite parts; design and build welded ducts, metal conduits, swaged pipes and cable harness supports; aerostructure components, integrated logistics, airframes/assemblies and related industrial activities.

On a consolidated basis, Reliance Infrastructure reported net profit of Rs 40.94 crore in Q4 March 2017 as against net loss of Rs 327.42 crore in Q4 March 2016. Net sales declined 10.3% to Rs 4992.55 crore in Q4 March 2017 over Q4 March 2016.

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

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Apcotex Industries drops after recent sharp rally
Jun 23,2017

Meanwhile, the S&P BSE Sensex was down 116.10 points, or 0.37% at 31,174.64. The S&P BSE Small-Cap index was down 206.75 points, or 1.32% at 15,402.74.

On the BSE, 8,311 shares were traded on the counter so far as against the average daily volumes of 5,841 shares in the past two weeks. The stock had hit a high of Rs 440.10 so far during the day, which is also its record high. The stock hit a low of Rs 414.70 so far during the day. The stock had hit a 52-week low of Rs 282 on 27 December 2016.

Shares of Apcotex Industries had rallied 14.58% in the preceding five trading sessions to settle at Rs 427.65 yesterday, 22 June 2017, from its close of Rs 373.25 on 16 June 2017.

Apcotex Industries net profit fell 58.8% to Rs 3.53 crore on 28.2% increase in net sales to Rs 86.73 crore in Q4 March 2017 over Q4 March 2016.

Apcotex Industries is one of the leading producers of performance emulsion polymers in India. Its product range includes VP latex, carboxylated and non-carboxylated SB latexes, acrylic latexes, nitrile latex and synthetic rubber.

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