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Tata Comm gains after entering in strategic deal with Batelco
Jun 05,2017

The announcement was made on Sunday, 4 June 2017.

Meanwhile, the BSE Sensex was up 33.35 points, or 0.11%, to 31,306.64

On the BSE, so far 26,000 shares were traded in the counter, compared with average daily volumes of 83,017 shares in the past one quarter. The stock had hit a high of Rs 746.35 and a low of Rs 735 so far during the day. The stock hit a 52-week high of Rs 784 on 17 March 2017. The stock hit a 52-week low of Rs 426.70 on 24 June 2016.

The stock had outperformed the market over the past one month till 2 June 2017, rising 4.34% compared with 3.81% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, declining 1.18% as against Sensexs 8.47% rise. The scrip, however, outperformed the market in past year, surging 66.41% as against Sensexs 16.5% rise.

The large-cap company has equity capital of Rs 285 crore. Face value per share is Rs 10.

Tata Communications and Batelco announced signing an agreement further strengthening their partnership to extend the reach of their global data centre, cloud and connectivity solutions to their customers. Batelco has chosen Tata Communications as a cloud partner to ensure high levels of flexibility and reliability for its customers through Tata Communications IZO Cloud Enablement Platform. Batelco is Bahrains leading digital communications solutions provider.

The agreement allows Tata Communications to extend its data centre footprint in locations like Bahrain, Jordon, among others enabled by Batelco. This allows Tata Communications customers to have a one stop, seamless solution for their network, cloud and colocation requirements.

Tata Communications IZO Cloud Enablement Platform empowers enterprises to connect and build their cloud, their way - be it private, public or hybrid. It is supported by Tata Communications leading global infrastructure.

Batelco Bahrain CEO Eng. Muna Al Hashemi said that the companys global expansion strategy is designed to strengthen our global portfolio of services by ensuring the provision of reliable solutions both into and from Bahrain.

On a consolidated basis, Tata Communications net loss of Rs 260.81 crore in Q4 March 2017, higher than net loss of Rs 256.95 crore in Q4 March 2016. Total income rose 7.64% to Rs 5116.48 crore in Q4 March 2017 over Q4 March 2016.

Tata Communications along with its subsidiaries is a leading global provider of communications. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and domain expertise across its global and pan-India network to deliver managed solutions to multi-national enterprises, service providers and Indian consumers.

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Jewellery in demand
Jun 05,2017

Titan Company (up 15.08%), PC Jewellery (up 9.21%), Tara Jewels (up 5.95%), Tribhovandas Bhimji Zaveri (up 5.43%), Thangamayil Jewellery (up 4.88%) and Gitanjali Gems (up 4.77%), edged higher. Rajesh Exports was down 0.23%.

The S&P BSE Sensex was up 62.90 points, or 0.20% at 31,336.19.

The goods & services tax (GST) Council on Saturday, 3 June 2017, announced that the rate on gold and gold jewellery would be at 3%. The import duty of 10%, which will be over and above the 3%, remains unchanged. The rate of tax is lower than the lowest slab of 5% under the new GST regime to be implemented from 1 July 2017 and is closer to the current tax incidence on gold of about 2%.

A foreign broker said in a note that this comes as a big relief given gold was expected to be almost like a balancing figure in some sense as taxes on most other products had already firmed up.

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Jewellery stocks in demand
Jun 05,2017

Titan Company (up 15.08%), PC Jewellery (up 9.21%), Tara Jewels (up 5.95%), Tribhovandas Bhimji Zaveri (up 5.43%), Thangamayil Jewellery (up 4.88%) and Gitanjali Gems (up 4.77%), edged higher. Rajesh Exports was down 0.23%.

The S&P BSE Sensex was up 62.90 points, or 0.20% at 31,336.19.

The goods & services tax (GST) Council on Saturday, 3 June 2017, announced that the rate on gold and gold jewellery would be at 3%. The import duty of 10%, which will be over and above the 3%, remains unchanged. The rate of tax is lower than the lowest slab of 5% under the new GST regime to be implemented from 1 July 2017 and is closer to the current tax incidence on gold of about 2%.

A foreign broker said in a note that this comes as a big relief given gold was expected to be almost like a balancing figure in some sense as taxes on most other products had already firmed up.

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Tata Comm gains on entering in strategic deal with Batelco
Jun 05,2017

The announcement was made on Sunday, 4 June 2017.

Meanwhile, the BSE Sensex was up 33.35 points, or 0.11%, to 31,306.64

On the BSE, so far 26,000 shares were traded in the counter, compared with average daily volumes of 83,017 shares in the past one quarter. The stock had hit a high of Rs 746.35 and a low of Rs 735 so far during the day. The stock hit a 52-week high of Rs 784 on 17 March 2017. The stock hit a 52-week low of Rs 426.70 on 24 June 2016.

The stock had outperformed the market over the past one month till 2 June 2017, rising 4.34% compared with 3.81% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, declining 1.18% as against Sensexs 8.47% rise. The scrip, however, outperformed the market in past year, surging 66.41% as against Sensexs 16.5% rise.

The large-cap company has equity capital of Rs 285 crore. Face value per share is Rs 10.

Tata Communications and Batelco announced signing an agreement further strengthening their partnership to extend the reach of their global data centre, cloud and connectivity solutions to their customers. Batelco has chosen Tata Communications as a cloud partner to ensure high levels of flexibility and reliability for its customers through Tata Communications IZO Cloud Enablement Platform. Batelco is Bahrains leading digital communications solutions provider.

The agreement allows Tata Communications to extend its data centre footprint in locations like Bahrain, Jordon, among others enabled by Batelco. This allows Tata Communications customers to have a one stop, seamless solution for their network, cloud and colocation requirements.

Tata Communications IZO Cloud Enablement Platform empowers enterprises to connect and build their cloud, their way - be it private, public or hybrid. It is supported by Tata Communications leading global infrastructure.

Batelco Bahrain CEO Eng. Muna Al Hashemi said that the companys global expansion strategy is designed to strengthen our global portfolio of services by ensuring the provision of reliable solutions both into and from Bahrain.

On a consolidated basis, Tata Communications net loss of Rs 260.81 crore in Q4 March 2017, higher than net loss of Rs 256.95 crore in Q4 March 2016. Total income rose 7.64% to Rs 5116.48 crore in Q4 March 2017 over Q4 March 2016.

Tata Communications along with its subsidiaries is a leading global provider of communications. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and domain expertise across its global and pan-India network to deliver managed solutions to multi-national enterprises, service providers and Indian consumers.

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Tata Elxsi rises after signing up global automaker for driverless car design
Jun 05,2017

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

Meanwhile, the S&P BSE Sensex was up 25.60 points, or 0.08% to 31,298.89.

On the BSE, 75,000 shares were traded in the counter so far, compared with average daily volumes of 42,193 shares in the past one quarter. The stock had hit a high of Rs 1,423.95 and a low of Rs 1,353.30 so far during the day. The stock hit a 52-week high of Rs 1,839.50 on 3 June 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 one month till 2 June 2017, falling 12.36% compared with 3.81% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 8.28% as against Sensexs 8.47% rise.

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

Tata Elxsi announced the licensing of its advanced autonomous vehicle middleware platform AUTONOMAI to one of the worlds top 5 automotive OEMs (original equipment manufacturers) for their driverless car R&D (research and development).

The Autonomai platform provides carmakers and Tier 1 automotive suppliers with a comprehensive and modular solution covering perception, GNC (guidance navigation control) and drive-by-wire systems, to quickly build, test and deploy autonomous vehicles.

This solution supports sensor fusion with a variety of sensors from cameras to radar and lidar, and leverages sophisticated artificial intelligence (AI) and deep learning based algorithms to deliver the complex use-case scenarios expected of driverless cars.

Autonomai also allows rapid region specific adaptation through its pre-integrated validation datasets and AI & deep learning capabilities.

Net profit of Tata Elxsi rose 8.30% to Rs 44.50 crore on 10.92% rise in net sales to Rs 326.05 crore in Q4 March 2017 over Q4 March 2016.

Tata Elxsi is a global design and technology services company, headquartered in Bangalore.

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Tata Elxsi gains after signing up global automaker for driverless car design
Jun 05,2017

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

Meanwhile, the S&P BSE Sensex was up 25.60 points, or 0.08% to 31,298.89.

On the BSE, 75,000 shares were traded in the counter so far, compared with average daily volumes of 42,193 shares in the past one quarter. The stock had hit a high of Rs 1,423.95 and a low of Rs 1,353.30 so far during the day. The stock hit a 52-week high of Rs 1,839.50 on 3 June 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 one month till 2 June 2017, falling 12.36% compared with 3.81% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 8.28% as against Sensexs 8.47% rise.

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

Tata Elxsi announced the licensing of its advanced autonomous vehicle middleware platform AUTONOMAI to one of the worlds top 5 automotive OEMs (original equipment manufacturers) for their driverless car R&D (research and development).

The Autonomai platform provides carmakers and Tier 1 automotive suppliers with a comprehensive and modular solution covering perception, GNC (guidance navigation control) and drive-by-wire systems, to quickly build, test and deploy autonomous vehicles.

This solution supports sensor fusion with a variety of sensors from cameras to radar and lidar, and leverages sophisticated artificial intelligence (AI) and deep learning based algorithms to deliver the complex use-case scenarios expected of driverless cars.

Autonomai also allows rapid region specific adaptation through its pre-integrated validation datasets and AI & deep learning capabilities.

Net profit of Tata Elxsi rose 8.30% to Rs 44.50 crore on 10.92% rise in net sales to Rs 326.05 crore in Q4 March 2017 over Q4 March 2016.

Tata Elxsi is a global design and technology services company, headquartered in Bangalore.

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Tata Elxsi rises after pact for driverless car design
Jun 05,2017

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

Meanwhile, the S&P BSE Sensex was up 25.60 points, or 0.08% to 31,298.89.

On the BSE, 75,000 shares were traded in the counter so far, compared with average daily volumes of 42,193 shares in the past one quarter. The stock had hit a high of Rs 1,423.95 and a low of Rs 1,353.30 so far during the day. The stock hit a 52-week high of Rs 1,839.50 on 3 June 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 one month till 2 June 2017, falling 12.36% compared with 3.81% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 8.28% as against Sensexs 8.47% rise.

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

Tata Elxsi announced the licensing of its advanced autonomous vehicle middleware platform AUTONOMAI to one of the worlds top 5 automotive OEMs (original equipment manufacturers) for their driverless car R&D (research and development).

The Autonomai platform provides carmakers and Tier 1 automotive suppliers with a comprehensive and modular solution covering perception, GNC (guidance navigation control) and drive-by-wire systems, to quickly build, test and deploy autonomous vehicles.

This solution supports sensor fusion with a variety of sensors from cameras to radar and lidar, and leverages sophisticated artificial intelligence (AI) and deep learning based algorithms to deliver the complex use-case scenarios expected of driverless cars.

Autonomai also allows rapid region specific adaptation through its pre-integrated validation datasets and AI & deep learning capabilities.

Net profit of Tata Elxsi rose 8.30% to Rs 44.50 crore on 10.92% rise in net sales to Rs 326.05 crore in Q4 March 2017 over Q4 March 2016.

Tata Elxsi is a global design and technology services company, headquartered in Bangalore.

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OnMobile Global advances after launching consumer App in US
Jun 05,2017

The announcement was made on Saturday, 3 June 2017.

Meanwhile, the S&P BSE Sensex was down 2.32 points or 0.01% at 31,270.97. The S&P BSE Small-Cap index was up 95.76 points or 0.63% at 15,406.93.

On BSE, so far 7,643 shares were traded in the counter as against average daily volume of 1.17 lakh shares in the past one quarter. The stock hit a high of Rs 73.80 and a low of Rs 71.25 so far during the day. The stock had hit a 52-week high of Rs 128.70 on 15 July 2016. The stock had hit a 52-week low of Rs 70 on 2 June 2017.

The stock had underperformed the market over the past one month till 2 June 2017, falling 17.29% compared with 3.81% rise in the Sensex. The scrip had also underperformed the market in past one quarter, declining 9.43% as against Sensexs 8.47% rise. The scrip had also underperformed the market in past year, sliding 32.75% as against Sensexs 16.5% rise.

The small-cap company has equity capital of Rs 104.35 crore. Face value per share is Rs 10.

ONMO Express is an App that enables consumers to better express their feeling and emotions through sound, with people who matter to them. Through this App, consumers can set music, jingles, status or their name from a wide catalog as their ring-back tone to play for their callers, OnMobile Global said. Consumers can set a particular part of the song they love to surprise their callers, the company said. The App also allows people to dedicate personalized content for special callers to be played only once and create a moment of surprise, it added.

The App is available on both Android and iOS platforms to subscribers of a leading mobile operator in the USA. Following a month-long free trial, subscribers can enjoy the service for $2.99 per month with access to an unlimited number of songs and sounds, OnMobile Global said. OnMobile has plans to launch ONMO Express and other consumer Apps in some of its other markets as well, the company said.

On a consolidated basis, OnMobile Global reported net profit of Rs 1.63 crore for Q4 March 2017 as against net loss of Rs 14.80 crore for Q4 March 2016. Total income declined 21.82% to Rs 161.56 crore in Q4 March 2017 over Q4 March 2016.

OnMobile Global, headquartered in Bangalore and with offices across the globe, delivers over 575 million music plays daily to mobile users worldwide.

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Marksans Pharma declines on profit booking
Jun 05,2017

Meanwhile, the S&P BSE Sensex was up 2.22 points, or 0.01% at 31,275.51. The S&P BSE Small-Cap index was up 99.51 points, 0.65% at 15,410.68.

On the BSE, 1.60 lakh shares were traded on the counter so far as against the average daily volumes of 8.62 lakh shares in the past one quarter. The stock had hit a high of Rs 45.45 and a low of Rs 43.95 so far during the day. The stock had hit a 52-week high of Rs 58.30 on 10 June 2016 and hit a 52-week low of Rs 36.95 on 1 February 2017.

The stock had underperformed the market over the past one month till 2 June 2017, declining 11.64% compared with the Sensexs 4.52% rise. The scrip had also underperformed the market over the past one quarter declining 5.64% as against the Sensexs 8.44% rise. The scrip had also underperformed the market over the past one year advancing 1.69% as against the Sensexs 16.5% rise.

The small-cap company has equity capital of Rs 40.93 crore. Face value per share is Rs 1.

Marksans Pharma had rallied 9.19% in the preceding three trading sessions to settle at Rs 45.15 on Friday, 2 June 2017, from its closing of Rs 41.35 on 30 May 2017.

Marksans Pharma reported consolidated net loss of Rs 3.22 crore in Q4 March 2017, compared with net loss of Rs 5.76 crore in Q4 March 2016. Net sales fell 12.1% to Rs 184.75 crore in Q4 March 2017 over Q4 March 2016.

Marksans Pharma is a global pharmaceutical company. It is engaged in research & development (R&D) and offers CRAMS (contract research and manufacturing services) to global pharmaceutical companies.

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RCom gains on getting 7-month extension to service debt
Jun 05,2017

Meanwhile, the S&P BSE Sensex was down 30.51 points, or 0.10% to 31,242.78.

On the BSE, 30.35 lakh shares were traded in the counter so far, compared with average daily volumes of 36.76 lakh shares in the past one quarter. The stock had hit a high of Rs 21.75 and a low of Rs 20.70 so far during the day. The stock hit a 52-week high of Rs 55.40 on 31 August 2016. The stock hit a record low of Rs 18.15 on 31 May 2017.

The stock had underperformed the market over the past one month till 2 June 2017, falling 35.67% compared with 3.81% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 44.86% as against Sensexs 8.47% rise.

The mid-cap company has equity capital of Rs 1244.49 crore. Face value per share is Rs 5.

Reliance Communications (RCom) announced after market hours on Friday, 2 June 2017, that it has been engaged in discussions with its lenders to finalise an overall debt resolution plan, with the objective of expeditiously closing the already announced strategic transactions with Aircel and Brookfield, to immediately reduce debt from Rs 45000 crore to approximately Rs 20000 crore; a reduction of 60% or Rs 25000 crore. RCom said it aims to develop a sustainable long term plan for servicing the companys remaining debt. Based on applicable guidelines, RComs lenders have constituted a Joint Lenders Forum (JLF) to consider and approve the companys plans in this regard.

The lenders have taken note of the advanced stage of implementation of RComs strategic transformation programme involving the transactions for the Wireless and Towers Business. The lenders have proposed to give time of seven months till December 2017 to complete the above transactions, and reduce its debt by a substantial amount of Rs 25000 crore, or 60%. RCom will also present to the lenders its sustainable long term plans for servicing the remaining debt of Rs 20000 crore. As part of the above, there will be a standstill on the companys debt servicing obligations for the next seven months till end December 2017.

In the event the transactions are not completed in the above timeframe, the Lenders may exercise their right to convert their debt, in accordance with applicable SDR guidelines. The above is subject to lenders formal approvals and all other approvals as may be necessary under law.

On a consolidated basis, Reliance Communications reported net loss of Rs 948 crore in Q4 March 2017 as against net profit of Rs 79 crore in Q4 March 2016. Net sales declined 24.11% to Rs 4312 crore in Q4 March 2017 over Q4 March 2016.

RCom is an integrated telecommunications service provider.

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RCom firms up on getting 7-month extension to service debt
Jun 05,2017

Meanwhile, the S&P BSE Sensex was down 30.51 points, or 0.10% to 31,242.78.

On the BSE, 30.35 lakh shares were traded in the counter so far, compared with average daily volumes of 36.76 lakh shares in the past one quarter. The stock had hit a high of Rs 21.75 and a low of Rs 20.70 so far during the day. The stock hit a 52-week high of Rs 55.40 on 31 August 2016. The stock hit a record low of Rs 18.15 on 31 May 2017.

The stock had underperformed the market over the past one month till 2 June 2017, falling 35.67% compared with 3.81% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 44.86% as against Sensexs 8.47% rise.

The mid-cap company has equity capital of Rs 1244.49 crore. Face value per share is Rs 5.

Reliance Communications (RCom) announced after market hours on Friday, 2 June 2017, that it has been engaged in discussions with its lenders to finalise an overall debt resolution plan, with the objective of expeditiously closing the already announced strategic transactions with Aircel and Brookfield, to immediately reduce debt from Rs 45000 crore to approximately Rs 20000 crore; a reduction of 60% or Rs 25000 crore. RCom said it aims to develop a sustainable long term plan for servicing the companys remaining debt. Based on applicable guidelines, RComs lenders have constituted a Joint Lenders Forum (JLF) to consider and approve the companys plans in this regard.

The lenders have taken note of the advanced stage of implementation of RComs strategic transformation programme involving the transactions for the Wireless and Towers Business. The lenders have proposed to give time of seven months till December 2017 to complete the above transactions, and reduce its debt by a substantial amount of Rs 25000 crore, or 60%. RCom will also present to the lenders its sustainable long term plans for servicing the remaining debt of Rs 20000 crore. As part of the above, there will be a standstill on the companys debt servicing obligations for the next seven months till end December 2017.

In the event the transactions are not completed in the above timeframe, the Lenders may exercise their right to convert their debt, in accordance with applicable SDR guidelines. The above is subject to lenders formal approvals and all other approvals as may be necessary under law.

On a consolidated basis, Reliance Communications reported net loss of Rs 948 crore in Q4 March 2017 as against net profit of Rs 79 crore in Q4 March 2016. Net sales declined 24.11% to Rs 4312 crore in Q4 March 2017 over Q4 March 2016.

RCom is an integrated telecommunications service provider.

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GVK Power gains after exiting Bangalore Airport project
Jun 05,2017

The announcement was made after market hours on Friday, 2 June 2017.

Meanwhile, the S&P BSE Sensex was down 60.71 points, or 0.19% to 31,212.58.

On the BSE, 87,000 shares were traded in the counter so far, compared with average daily volumes of 9.72 lakh shares in the past one quarter. The stock had hit a high of Rs 6.30 and a low of Rs 6.02 so far during the day. The stock hit a 52-week high of Rs 7.70 on 14 February 2017. The stock hit a record low of Rs 4.13 on 6 June 2016.

The stock had underperformed the market over the past one month till 2 June 2017, falling 2.30% compared with 3.81% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 7.33% as against Sensexs 8.47% rise.

The small-cap company has equity capital of Rs 157.92 crore. Face value per share is Re 1.

GVK Power & Infrastructure announced that its board of directors at a meeting held on 2 June 2017, approved the sale of residual 3.84 crore shares corresponding to 10% of the issued & paid up share capital in Bangalore International Airport (BIAL) held by GVK Airport Developers through Bangalore Airport & Infrastructure Developers (BAIDPL), a step down subsidiary of the company, to FIH Mauritius Investments (FMIL) and its affiliates at an aggregate purchase consideration of Rs 1290 crore. The aforesaid sale will be completed upon obtaining necessary consents/approvals as may be necessary including from the lenders.

GVK Power & Infrastructure reported net loss of Rs 205.85 crore in Q4 March 2017 higher than net loss of Rs 105.59 crore in Q4 March 2016. Net sales rose 4.1% to Rs 7.10 crore in Q4 March 2017 over Q4 March 2016.

GVK is a leading Indian conglomerate with diversified interests across various sectors including energy, resources, airports, transportation, hospitality and life sciences.

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GMR Infra gallops after significant debt reduction
Jun 02,2017

Meanwhile, the S&P BSE Sensex was up 100.60 points, or 0.32% to 31,238.19. The S&P BSE Mid-Cap index was up 105.29 points, or 0.72% to 14,801.48.

The stock surged on high volume. On the BSE, 2.74 crore shares were traded in the counter so far, compared with average daily volumes of 21.12 lakh shares in the past one quarter. The stock hit a high of Rs 19 in intraday trade so far, which is 52-week high for the counter. The stock had hit a low of Rs 14.90 so far during the day. The stock hit a 52-week low of Rs 10.25 on 9 November 2016.

The stock dropped 11.28% over the past one month till 1 June 2017, underperforming the Sensexs 4.08% rise. The scrip also underperformed the market in past one quarter, sliding 8.56% as against Sensexs 7.43% rise. The scrip, however, outperformed the market in past one year, surging 33.72% as against Sensexs 16.56% rise.

The mid-cap company has equity capital of Rs 603.59 crore. Face value per share is Re 1.

GMR Infrastructure reported net loss of Rs 2478.78 crore in Q4 March 2017, higher than net loss of Rs 1787.09 crore in Q4 March 2016. Total revenue dropped 31.06% to Rs 272.47 crore in Q4 March 2017 over Q4 March 2016.

On a consolidated basis, GMR Infrastructure reported net loss of Rs 574.59 crore in the year ended 31 March 2017 (FY 2017), lower than net loss of Rs 2712.50 crore in FY 2016. Total revenue rose 3.54% to Rs 11631.86 crore in FY 2017 over FY 2016.

Earnings before interest, taxation, depreciation and amortization (EBITDA) rose 12% to Rs 3497 crore in FY 2017 over FY 2016 following a robust improvement in performance of airports and energy verticals. EBITDA margin improved to 42% in FY 2017 from 38% in FY 2016.

GMR Infrastructure said that gross debt reduced significantly to Rs 19856 crore in FY 2017 from Rs 37480 crore in FY 2016. Net debt to EBITDA ratio for FY 2017 improved to 4.3 from 10.2 in FY 2016.

GMR Group is a leading global infrastructure conglomerate with interests in airport, energy, transportation and urban infrastructure.

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Hotel Leelaventure advances on plans to sell hotel in Chennai
Jun 02,2017

The company issued clarification during market hours today, 2 June 2017.

Meanwhile, the S&P BSE Sensex was up 140.18 points or 0.45% at 31,277.77. The S&P BSE Small-Cap index was up 83.18 points or 0.55% at 15,317.42.

On the BSE, 2.14 lakh shares were traded in the counter so far, compared with an average volume of 2.76 lakh shares in the past one quarter.

The stock had hit a high of Rs 23.95 and a low of Rs 23.05 so far during the day. The stock had hit a 52-week high of Rs 27.25 on 10 May 2017. The stock had hit a 52-week low of Rs 15 on 25 November 2016.

The stock gained 9.76% over the past one month till 1 June 2017, outperforming the Sensexs 4.08% rise. The scrip had outperformed the market in past one quarter, rising 35.54% as against Sensexs 7.43% rise. The scrip had also outperformed the market in past one year, gaining 30.43% as against Sensexs 16.56% rise.

The small-cap company has an equity capital of Rs 93.32 crore. Face value per share is Rs 2.

Hotel Leelaventure further said that, however, no binding agreement has been signed with any party as on date.

The company issued the clarification after stock exchanges sought clarification from the company after stock reacted sharply to reports suggesting Marigold Capital and Investments is likely to buy Leela Groups 326-room hotel in Chennai.

Marigold Capital and Investment is an American private equity fund and is looking to buy the hotel for around Rs 700 crore, report had added.

Marigold Capital and Investments specialises in acquiring debt-ridden hotels and commercial real estate properties and turning them into profitable businesses.

Hotel Leelaventure reported net profit of Rs 13.42 in Q4 March 2017 compared with net loss of Rs 228.87 crore in Q4 March 2016. Net sales rose 2.3% to Rs 198.35 crore in Q4 March 2017 over Q4 March 2016.

Hotel Leelaventure is a leading Indian luxury hospitality group founded in 1986.

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Muthoot Capital Services hits record high
Jun 02,2017

The announcement was made during market hours today, 2 June 2017.

Meanwhile, the S&P BSE Sensex was up 116.14 points, or 0.37% at 31,253.73. The S&P BSE Small-Cap index was up 83.49 points, or 0.55% at 15,317.73.

On the BSE, 3,463 shares were traded on the counter so far as against the average daily volumes of 11,917 shares in the past one quarter. The stock had hit a high of Rs 486 so far during the day, which is also its record high. The stock had hit a low of Rs 454 so far during the day. The stock had hit a 52-week low of Rs 170.65 on 13 June 2016.

The stock had outperformed the market over the past one month till 1 June 2017, advancing 8.55% compared with the Sensexs 4.08% rise. The scrip had also outperformed the market over the past one quarter advancing 68.6% as against the Sensexs 7.43% rise. The scrip had also outperformed the market over the past one year advancing 149.89% as against the Sensexs 16.56% rise.

The small-cap company has equity capital of Rs 12.47 crore. Face value per share is Rs 10.

Muthoot Capital Services announced that the company has fixed Tuesday, 13 June 2017 as the record date for the purpose of ascertaining the eligibility of shareholders for issuance of bonus shares in the ratio 1:10 i.e. one bonus share for every ten held.

Muthoot Capital Services net profit rose 61.9% to Rs 11.12 crore on 25.8% increase in total income to Rs 79.80 crore in Q4 March 2017 over Q4 March 2016.

Muthoot Capital Services is a non-banking financial company (NBFC). Its portfolio includes commercial and consumer finance products like vehicle loans, gold loans, loans against property, bonds, deposits, investment products and advisory services among others. Apart from these, the company also disburses loans against property, shares, gold ETFs, SME loans, mortgage loans, leasing & hire purchase loans and bill discounting.

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