My Application Form Status

Check the status of your application form with Angel Broking.
  • Companies
  • Everything else
Search
LG Balakrishnan gallops after declaring good Q2 outcome
Oct 24,2016

The announcement was made on Saturday, 22 October 2016.

Meanwhile, the BSE Sensex was up 84.04 points or 0.3% to 28,161.22

On BSE, so far 1.09 lakh shares were traded in the counter as against an average daily volume of shares in the past one quarter. The stock hit a high of Rs 700, which is also its 52-week high. The stock hit a low of Rs 625 so far during the day. The stock had hit a 52 week low of Rs 396.50 on 12 February 2016. The stock had outperformed the market over the past 30 days till 21 October 2016, rising 2.43% compared with 2.42% decline in the Sensex. The scrip also outperformed the market in past one quarter, gaining 17.1% as against Sensexs 0.99% rise.

The small-cap auto ancillary company has equity capital of Rs 15.70 crore. Face value per share is Rs 10.

LG Balakrishnan & Bros is Indias leading Roller chain manufacturer. The company is premier manufacturer of automotive chains under the brand name ROLON.

Powered by Capital Market - Live News

Adani Power slips after Q2 results
Oct 24,2016

The result was announced during trading hours today, 24 October 2016.

Meanwhile, the BSE Sensex was up 84.85 points, or 0.30%, to 28,162.03.

On BSE, so far 15.01 lakh shares were traded in the counter, compared with average daily volume of 7.86 lakh shares in the past one quarter. The stock hit a high of Rs 28.25 and a low of Rs 26.80 so far during the day. The stock hit a 52-week high of Rs 36.10 on 4 April 2016. The stock hit a 52-week low of Rs 22.45 on 12 February 2016. The stock had outperformed the market over the past 30 days till 21 October 2016, falling 0.72% compared with 2.42% decline in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 2.81% as against Sensexs 0.99% rise.

The mid-cap company has equity capital of Rs 3417.45 crore. Face value per share is Rs 10.

Adani Powers consolidated total income rose 1.49% to Rs 5870 crore in Q2 September 2016 over Q2 September 2015. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 5% to Rs 1915 crore in Q2 September 2016 over Q2 September 2015. Finance cost fell 13.09% to Rs 1434 crore in Q2 September 2016 over Q2 September 2015.

The company sold 15.04 billion units in Q2 September 2016, a tad lower than 15.10 billion units in Q2 September 2015. The overall plant availability during Q2 September 2016 was 92% as against 85% in Q2 September 2015, reflecting improved operating performance at all plants.

Commenting on the quarterly results of the company, Vineet Jaain, Chief Executive Officer, Adani Power, said during Q2 September 2017, the company has been able to improve the availability at all plants, with an improvement in operational efficiency. Efforts to optimise finance costs, aided by efficient operations, have helped the company reduce net loss significantly during the quarter, as compared to the corresponding quarter of of the previous year. Going forward, the firm expects to benefit from improved domestic coal availability through the recently announced special forward coal e-auction scheme for the power sector.

Adani Power is the largest private thermal power producer in India with an installed capacity of 10,480 megawatts (MW).

Powered by Capital Market - Live News

Gartner Says Insurance Firms Should Investigate Insurtechs to Complement Their Own Digital Strategies
Oct 24,2016

Insurance sector CIOs need to expand their market insight concerning the innovation and disruption potential of insurance technology startups (insurtechs) to complement their digital insurance strategies, according to Gartner, Inc.

According to Gartner research, 64 percent of the worlds 25 largest insurance companies have already invested directly or indirectly via their venture capital arms in insurtech startups.

Gartner predicts that 80 percent of life and property & casualty (P&C) insurers worldwide will partner with or acquire insurtechs to secure their competitive positions by the end of 2018.

Juergen Weiss, managing vice president at Gartner, said insurtechs can stimulate or accelerate innovation among incumbent industry players and complement existing digital insurance strategies.

Gartner has seen growing interest among insurance business and IT leaders in collaborating with insurtechs or making them part of their overall innovation policies, but the research has also found that most insurance CIOs are not familiar with these companies or their value propositions, said Mr. Weiss. We advise CIOs to identify areas where insurtechs could complement their digital insurance strategies, and evaluate potential collaboration or investments.

Gartner defines insurtechs as technology companies (1) that are in their early stages of operation; (2) that drive specific innovation across the insurance value chain by leveraging new technologies, user interfaces, business processes or business models; and (3) that leverage different forms of funding, including, but not limited to, venture capital.

The number of technology startups in the insurance industry has more than doubled globally during the last three years, according to Gartner analysis of the sector conducted in the second quarter of 2016. Digital customer engagement, mobile insurance management and analytics are the most common technology focus areas of insurtechs.

Sixty percent of insurtechs have been founded within the last three years, and two-thirds of them have their headquarters in the U.S. EMEA is the second-most important region for insurtechs, with 27 percent having their headquarters there, mainly in Germany and the U.K. In Asia, countries such as Singapore and China (mainly Hong Kong and Shanghai) have begun to promote the development of a local insurtech ecosystem.

Digitalization is one of the top priorities for insurance CIOs, according to Gartner surveys. However, the vast majority of insurance CIOs are still struggling to progress their digital strategies.

Gartners research indicates that only 12 percent of insurance business and IT leaders consider their organizations to be digitally progressive, while the majority believe that their organizations are digital beginners or intermediate, at best. Reasons for this include a lack of agility caused by legacy IT systems, flat IT budgets and a lack of the right skills or the delivery models to support innovative business models.

Collaborating with insurtechs, or at least evaluating them, could therefore provide a number of potential benefits for insurers, said Mr. Weiss.

According to Gartner, insurers have six main options to capitalize on the opportunities that insurtechs provide:

1.Partner (for example, Axa partnering with BlaBlaCar for carsharing).

2.Acquire, that is, purchase the intellectual assets and hire all resources of an insurtech.

3.Purchase (like one would buy technology from an incumbent vendor such as SAP).

4.Invest (obtain a minority or majority share, either directly or indirectly, via a VC arm, such as Allianzs investment in Simplesurance).

5.Incubate (for example, let insurtechs compete to get into a startup accelerator; mentor them; and give them a space to work and exchange ideas).

6.Insure the operations or assets of insurtechs.

Insurance CIOs who are planning to partner with insurtechs also need to be aware of the risks.

Not all of them will survive, said Mr. Weiss. Insurance CIOs will need to develop a fail-fast approach and an exit plan that secures intellectual property and critical resources.

Powered by Capital Market - Live News

Volumes jump at Gammon Infrastructure Projects counter
Oct 24,2016

Gammon Infrastructure Projects clocked volume of 1.75 crore shares by 14:51 IST on BSE, a 139.88-times surge over two-week average daily volume of 1.26 lakh shares. The stock was unchanged at Rs 5.

Oberoi Realty notched up volume of 15.69 lakh shares, a 115.84-fold surge over two-week average daily volume of 14,000 shares. The stock rose 2.8% to Rs 341.20

Dynamatic Technologies saw volume of 86,000 shares, a 115.11-fold surge over two-week average daily volume of 748 shares. The stock rose 2.46% to Rs 3,392.55.

Manpasand Beverages clocked volume of 3.77 lakh shares, a 71.32-fold surge over two-week average daily volume of 5,000 shares. The stock rose 1.97% to Rs 735.35

LG Balakrishnan & Bros saw volume of 1.04 lakh shares, a 47.81-fold rise over two-week average daily volume of 2,000 shares. The stock rose 15.16% to Rs 676.

Powered by Capital Market - Live News

SQS India BFSI fixes record date for interim dividend
Oct 24,2016

SQS India BFSI has fixed Record Date as 04 November 2016 for the purpose of interim dividend for the financial year 2016-17.

The Date of Payment of Dividend will be on or before 18 November 2016.

Powered by Capital Market - Live News

Jayant Agro Organics fixes record date for 2nd interim dividend
Oct 24,2016

Jayant Agro Organics has fixed 04 November 2016 as the Record Date for the purpose of Payment of 2nd Interim Dividend.

Powered by Capital Market - Live News

Farry Industries to hold board meeting
Oct 24,2016

Farry Industries will hold a meeting of the Board of Directors of the Company on 10 November 2016 to consider and take on record the Unaudited Financial Results of the Company for the Quarter ended September 30, 2016.

Powered by Capital Market - Live News

Nahar Capital & Financial Services to hold board meeting
Oct 24,2016

Nahar Capital & Financial Services will hold a meeting of the Board of Directors of the Company on 11 November 2016 to consider and approve the un-audited Financial Results for the quarter and half year ended September 30, 2016.

Powered by Capital Market - Live News

Pincon Spirit to hold board meeting
Oct 24,2016

Pincon Spirit will hold a meeting of the Board of Directors of the Company on 7 November 2016 Unaudited Financial Results for Quarter Ended September 30, 2016.

Powered by Capital Market - Live News

Rural Electrification Corporation to hold board meeting
Oct 24,2016

Rural Electrification Corporation will hold a meeting of the Board of Directors of the Company on 9 November 2016 to consider and approve the Un-audited (Standalone) Financial Results of the Company for the second quarter ended September 30, 2016 (Q2).

Powered by Capital Market - Live News

Kallam Spinning Mills to hold board meeting
Oct 24,2016

Kallam Spinning Mills will hold a meeting of the Board of Directors of the Company on 10 November 2016 to consider the Un audited financial results for the quarter and half year ended September 30, 2016.

Powered by Capital Market - Live News

GTN Textiles to hold board meeting
Oct 24,2016

GTN Textiles will hold a meeting of the Board of Directors of the Company on 12 November 2016 to consider the Statement of Un-audited financial results for the quarter ended September 30, 2016.

Powered by Capital Market - Live News

Labh Construction and Industries to hold board meeting
Oct 24,2016

Labh Construction and Industries will hold a meeting of the Board of Directors of the Company on 14 November 2016 Adoption of Unaudited Quartery Financial Results of the Company for the 2nd quarter ended on September 30, 2016.

Powered by Capital Market - Live News

Gartner Says Retailers Must Use Algorithms for Competitive Advantage
Oct 24,2016

In the new digital economy, retailers can best gain competitive advantage through the application of algorithms that reduce costs and grow top-line revenue, according to Gartner, Inc.

Kelsie Marian, principal research analyst at Gartner, said examples of algorithmic retail in action are emerging and yielding results for aggressive retailers.

Retailers are some of the original data hoarders, using years of store-level sales data for demand planning since the mid-1980s, but what we see today is vastly different, said Ms. Marian.

Data is ubiquitous in the new retail environment, and retailers will survive only if quality data is embedded into every decision, minute by minute, across the retail organisation. But retailers cant humanly scale to keep pace with growth of data, so a fundamentally different approach is necessary.

Gartner describes algorithmic retailing as the application of big data through advanced analytics across an increasingly complex and detailed retail structure, to deliver an efficient and flexible, yet unified, customer experience. Algorithms connect big data to results.

Gartner predicts that merchant leaders will be algorithms by 2020, prompting the top 10 retailers to cut up to one-third of headquarters merchandising staff.

According to Gartner, there are four main functions where algorithms can have a big impact in retail.

1) Cost of goods sold

Cost of goods sold is the largest cost of retail operations at 55-60 percent. Since it is driven by the selection, assortment, pricing, promotion and inventory levels of items listed for sale, it has the largest possible benefit from the application of algorithms. Algorithms can both reduce the cost basis and increase top-line revenue.

2) General and administrative

General and administrative is an overhead at 15-18 percent of the cost of retail operations. It typically covers headquarters activities such as finance, legal, HR, advertising and IT, as well as warehousing and distribution. Algorithms used here will significantly improve cost optimization.

3) Labor

Labor represents 13-16 percent of the cost of retail operations, but is rising sharply, and directly impacts the quality of the customers experience. Algorithms can support both cost optimization and customer service.

4) Stores

Stores will remain a major cost of retail operations and an integral part of the retail landscape. They provide a major source of competitive differentiation for multichannel retailers, with store services much of what employees provide to customers. Algorithms can help with pricing, inventory and improving the in-store customer experience.

Retail CIOs and their teams play a pivotal role in helping business leaders understand the benefits and limitations of algorithms, and how algorithms can support their business goals, said Ms. Marian.

Gartner advises retail sector CIOs to:

1) Identify and classify all data sources, and identify data gaps that must be filled.

2) Prepare for an explosion of Internet of Things (IoT) data generated by products, customers and stores.

3) Review examples of how other retailers are successfully using algorithms.

4) Develop a framework for identifying current and future opportunities to improve performance through automation by algorithms.

5) Ensure that smart data discovery technology is bringing big data discovery to the business user at the time of decision. This is a critical step on the path to process automation.

Powered by Capital Market - Live News

Patspin India to hold board meeting
Oct 24,2016

Patspin India will hold a meeting of the Board of Directors of the Company on 12 November 2016 to consider the Statement of Un-audited financial results for the quarter ended September 30, 2016.

Powered by Capital Market - Live News