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Gyan Developers & Builders reports standalone net loss of Rs 0.07 crore in the December 2016 quarter
Jan 25,2017

Net Loss of Gyan Developers & Builders reported to Rs 0.07 crore in the quarter ended December 2016 as against net loss of Rs 0.02 crore during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 as against Rs 0.13 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales00.13 -100 OPM %0-7.69 - PBDT-0.06-0.01 -500 PBT-0.07-0.02 -250 NP-0.07-0.02 -250

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Uniphos Enterprises reports standalone net loss of Rs 0.28 crore in the December 2016 quarter
Jan 25,2017

Net Loss of Uniphos Enterprises reported to Rs 0.28 crore in the quarter ended December 2016 as against net loss of Rs 0.31 crore during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 and during the previous quarter ended December 2015.

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Lancor Holdings to announce December quarter results
Jan 25,2017

Lancor Holdings announced that a meeting of the Board of Directors of the Company is scheduled to be held on 07 February 2017, inter alia, to consider and approve the standalone and consolidated unaudited financial results of the Company for the Quarter ended 31 December 2016.

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Mangalam Timber Products prepones board meeting to consider Q3 results
Jan 25,2017

Mangalam Timber Products announced that the meeting of the Board of Directors of the Company, which was scheduled to be held on 07 February 2017, inter alia, to consider the Unaudited Financial Results of the Company for the quarter and nine months ended 31 December 2016, has been preponed and is now scheduled to be held on 06 February 2017.

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GeeCee Ventures to announce December quarter results
Jan 25,2017

GeeCee Ventures announced that the meeting of the Board of Directors of the Company is scheduled to be held on 08 February 2017, inter alia, to consider and approve standalone unaudited financial results of the Company for the quarter ended 31 December 2016.

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Board of Indian Bright Steel Company to consider December quarter results
Jan 25,2017

Indian Bright Steel Company announced that the a meeting of the Board of Directors of the Company will be held on 13 February 2017 to approve unaudited financial results for the quarter ended 31 December 2017 along with limited review report as per the listing agreement.

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Zensar Technologies fixes record date for interim dividend
Jan 25,2017

Zensar Technologies announced that the Company has fixed 04 February 2017 as the Record Date for the purpose of Payment of Interim Dividend.

The Interim Dividend shall be paid / dispatched to Shareholders on or before 22 February 2017.

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Marico fixes record date for 2nd interim dividend
Jan 25,2017

Marico has fixed 10 February 2017 as the Record Date for the purpose of Payment of Second Interim Dividend.

Payment date: 03 March 2017.

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TCS gains after collaboration with Gfi Informatique
Jan 25,2017

The announcement was made during trading hous today, 25 January 2017.

Meanwhile, the BSE Sensex was up 148.21 points, or 0.54%, to 27,523.79.

On the BSE, so far 21,000 shares were traded in the counter, compared with average daily volumes of 98,388 shares in the past one quarter. The stock had hit a high of Rs 2,344.50 and a low of Rs 2,318 so far during the day.

The stock hit a 52-week high of Rs 2,740 on 12 August 2016. The stock hit a 52-week low of Rs 2,054.70 on 15 November 2016. The stock had underperformed the market over the past 30 days till 24 January 2017, rising 1.13% compared with the 6.08% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 3.29% as against Sensexs 1.66% decline.

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

Tata Consultancy Services (TCS) and Gfi Informatique, a major vendor of value-added IT services and software, announced a proof of concept for the City of Belfort, France using big data analytics to optimize urban bus transportation. The solution is a collaboration between the citys Board of Public Transportation, Gfn++ Informatique and TCS. It will support Belforts smart city strategy, which aims to help local authorities deploy digital transformation projects.

This innovative smart city initiative will help city administrators and public transportation planners make more informed decisions through insights from historical and real time data. Both companies have worked with the city to enhance the capture and treatment of large amounts of information using big data analytics solutions designed specifically to help public sector customers, with the overall goal of driving further digital in novation across the city.

On a consolidated basis, TCS net profit rose 3.20% to Rs 6814 crore on 1.54% increase in net sales to Rs 29735 crore in Q3 December 2016 over Q2 September 2016.

TCS is an IT services, consulting and business solutions organization.

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Tata Metaliks declines after announcing weak Q3 results
Jan 25,2017

The announcement was made after market hours yesterday, 24 January 2017.

Meanwhile, the BSE Sensex was up 133.18 points, or 0.49%, to Rs 27,509.33.

On the BSE, 30,000 shares were traded on the counter so far as against the average daily volumes of 1.11 lakh shares in the past one quarter. The stock had hit a high of Rs 353.50 and a low of Rs 347.50 so far during the day.

The stock had hit a record high of Rs 512.90 on 22 July 2016 and a 52-week low of Rs 78 on 12 February 2016. The stock had outperformed the market over the past one month till 24 January 2017, advancing 10% compared with the Sensexs 5.13% rise. The scrip had, however, underperformed the market over the past one quarter declining 15.85% as against the Sensexs 2.85% fall.

The small-cap company has equity capital of Rs 25.29 crore. Face value per share is Rs 10.

Tata Metaliks is a producer of foundry grade pig iron.

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MOIL slips below OFS floor price
Jan 25,2017

Meanwhile, the S&P BSE Sensex was up 138.86 points or 0.51% at 27,514.44.

On the BSE, 91,000 shares were traded on the counter so far as against the average daily volumes of 99,572 shares in the past one quarter. The stock had hit a high of Rs 365 and a low of Rs 358.65 so far during the day.

The stock had hit a 52-week high of Rs 429 on 12 January 2017 and a record low of Rs 180.10 on 12 February 2016. The stock had underperformed the market over the past one month till 24 January 2017, advancing 4.57% compared with the Sensexs 5.13% rise. The scrip had, however, outperformed the market over the past one quarter, gaining 20.8% as against the Sensexs 2.85% fall.

The mid-cap company has equity capital of Rs 133.19 crore. Face value per share is Rs 10.

The Government of India (GoI) is selling up to 1.33 crore equity shares of the company, representing 10% of the total paid up equity share capital of the company in two trading sessions viz. for non-retail investors on 24 January 2017 and for retail investors and non-retail investors who choose to carry forward their un-allotted bids on 25 January 2017, through a separate designated window on the stock exchanges. The GoI held 66.21% stake in MOIL as per the shareholding pattern as on 31 December 2016.

The floor price for the offer for sale (OFS) was fixed at Rs 365 per share. Retail investors will be allocated shares at a discount of 5% to the cut off price.

On the second day of the bidding for OFS today, 25 January 2017, as at 11:45 IST, bids were received for 18.40 lakh shares from the retail investors as against offer size of 26.63 lakh shares for this category of investors, representing a subscription of 69.11%. The OFS received good response from non-retail investors category yesterday, 24 January 2017, with an oversubscription of 150.91%. The stock had declined 3.78% to settle at Rs 368.25 yesterday, 24 January 2017.

MOILs net profit declined 14.6% to Rs 41.47 crore on 32.1% rise in net sales to Rs 196.03 crore in Q2 September 2016 over Q2 September 2015.

State-run MOIL produces and sells different grades of manganese ore.

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Sona Koyo Steering spurts on buzz Japanese partner may take over
Jan 25,2017

Meanwhile, the BSE Sensex was up 127.57 points, or 0.47%, to 27,503.15.

On the BSE, so far 9.90 lakh shares were traded in the counter, compared with average daily volumes of 74,401 shares in the past one quarter. The stock had hit a high of Rs 85.80 so far during the day, which is also a record high for the counter. The stock had hit a low of Rs 79 so far during the day.

The stock hit a 52-week low of Rs 37.15 on 12 February 2016. The stock had outperformed the market over the past 30 days till 24 January 2017, rising 22.16% compared with the 6.08% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 9.68% as against Sensexs 1.66% decline.

The small-cap company has equity capital of Rs 19.87 crore. Face value per share is Re 1.

According to reports, Japanese auto-component maker JTEKT Corporation is set to buy out Indian partner Sona Groups 25% stake in Sona Koyo Steering Systems for Rs 575-625 crore, ending their 32-year-old partnership. JTEKT is believed to have offered the Kapur family, which owns the Sona group, Rs 115-125 per share, valuing the joint venture company at Rs 2300-2500 crore. The reported offer price is almost 50% premium to the ruling market price of Sona Koyo Steering Systems.

As on 31 December 2016, Sona Autocomp Holding held 25.115% stake, while JTEKT Corporation held 20.1% stake in Sona Koyo Steering Systems. Maruti Suzuki India, which is a key customer of the company, held 6.944% stake in the Indian company.

This proposed buyout is in line with the strategy of Japanese auto-component makers who are trying to consolidate their presence in India by buying out their local partners, reports added.

On a consolidated basis, net profit of Sona Koyo Steering Systems fell 7.51% to Rs 6.16 crore on 0.55% decline in net sales to Rs 385.06 crore in Q2 September 2016 over Q2 September 2015.

Sona Koyo Steering Systems is the largest manufacturer of steering systems in India, catering to passenger cars, utility vehicles and light commercial vehicles. Sona Koyo has technical and financial collaboration with JTEKT Corporation, Japan (formally known as Koyo Seiko Co.), the largest producer of passenger vehicles steering systems in the world. Sona Koyos customers include major vehicle manufactures in India such as Maruti Suzuki, Toyota, Hyundai, Tata Motors, Mahindra & Mahindra, General Motors and Ford.

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Board of Prestige Estates Projects to consider Q3 and 9M results
Jan 25,2017

Prestige Estates Projects announced that a Meeting of the Board of Directors of the Company is scheduled to be held on 13 February 2017, inter alia, to consider and approve the unaudited standalone and consolidated financial results of the Company for the quarter and nine months ended 31 December 2016 (Q3).

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Board of Prestige Estates Projects to consider Q3 and 9M results
Jan 25,2017

Prestige Estates Projects announced that a Meeting of the Board of Directors of the Company is scheduled to be held on 13 February 2017, inter alia, to consider and approve the unaudited standalone and consolidated financial results of the Company for the quarter and nine months ended 31 December 2016 (Q3).

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IVP to announce Q3 results
Jan 25,2017

IVP announced that the meeting of the Board of Directors of the Company will be held on 07 February 2017, inter alia, to consider and take on record the Unaudited Financial Results for the Third quarter / Nine months ended 31 December 2016.

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