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D B Corp announces demise of director
Apr 13,2017

D B Corp announced the sad demise of Ramesh Chandra Agarwal, Non-Executive Chairman on 12 April 2017.

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Avance Technologies fixes record date for consolidation of equity shares
Apr 13,2017

Avance Technologies has fixed 25 April 2017 as record date for consolidation of equity shares.

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IOL Chemicals hits the roof after getting EUGMP Certification
Apr 13,2017

The announcement was made after market hours yesterday, 12 April 2017.

Meanwhile, the S&P BSE Sensex was down 44.07 points, or 0.15%, to 29,599.41. The S&P BSE Small-Cap index was up 101.92 points, or 0.69%, to 14,954.19.

On BSE, so far 1.58 lakh shares were traded in the counter, compared with an average volume of 99,343 shares in the past one quarter. The stock hit a high of Rs 66.30 and a low of Rs 62.95 so far during the day. The stock had hit a 52-week high of Rs 155.95 on 23 September 2016. The stock had hit a 52-week low of Rs 58.95 on 12 April 2017.

The stock had underperformed the market over the past 30 days till 12 April 2017, falling 33.88% compared with 0.68% rise in the Sensex. The scrip also underperformed the market in past one quarter, sliding 40.06% as against Sensexs 8.79% rise.

The small-cap company has equity capital of Rs 56.21 crore. Face value per share is Rs 10.

IOL Chemicals & Pharmaceuticals received EUGMP Certification from National Institute of Pharmacy and Nutrition, Hungary, for its product Ibuprofen, Lamotrigine, Metformin Hydrochloride confirming compliance with principals of Good Manufacturing Practices as provided by European Union Legislation. This will facilitate the company to expand its product portfolio in the European market, IOL Chemicals & Pharmaceuticals said.

IOL Chemicals & Pharmaceuticals reported net profit of Rs 1.02 crore in Q3 December 2016 as compared to net loss of Rs 6.22 crore in Q3 December 2015. Total income rose 27.78% to Rs 183.31 crore in Q3 December 2016 over Q3 December 2015.

IOL Chemicals & Pharmaceuticals is one of the leading generic pharmaceuticals companies and is significant player in the speciality chemicals space.

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Heritage Foods gains after acquiring dairy business of Reliance Retail
Apr 13,2017

The announcement was made after market hours yesterday, 12 April 2017.

Meanwhile, the S&P BSE Sensex was down 51.52 points or 0.17% at 29,591.96. The S&P BSE Small-Cap was up 86.88 points or 0.58% at 14,939.15.

On the BSE, 834 shares were traded on the counter so far as against the average daily volumes of 5,305 shares in the past one quarter. The stock had hit a high of Rs 1,103.95 and a low of Rs 1,089.20 so far during the day. The stock had hit a record high of Rs 1,173.85 on 13 February 2017. The stock had hit a 52-week low of Rs 496.50 on 29 April 2016.

The stock had underperformed the market over the past one month till 12 April 2017, falling 0.91% compared with 0.68% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, rising 22.1% as against Sensexs 8.79% rise.

The small-cap company has equity capital of Rs 23.20 crore. Face value per share is Rs 10.

Heritage Foods said that the company has received approval from Competition Commission of India and completed the process of acquisition of dairy business of Reliance Retail. The company is taking control of entire dairy business of Reliance Retail with effect from 12 April 2017, Heritage Foods said. Post the transaction closure, Reliance Retail will continue to trade in dairy products including Heritage dairy products through its retail and wholesale channels, it added.

Heritage Foods consolidated net profit rose 75.11% to Rs 19.91 crore on 14.43% growth in total income to Rs 667.97 crore in Q3 December 2016 over Q3 December 2015.

Heritage Foods operates in dairy, retail, agri, bakery and renewable energy segments.

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Sobha spurts on bargain hunting
Apr 13,2017

Meanwhile, the S&P BSE Sensex was down 60.26 points, or 0.20% to 29,583.22.

On the BSE, 73,000 shares were traded in the counter so far, compared with average daily volumes of 1.26 lakh shares in the past one quarter. The stock had hit a high of Rs 385 and a low of Rs 359.20 so far during the day.

The stock hit a 52-week high of Rs 423.30 on 7 April 2017. The stock hit a 52-week low of Rs 224.05 on 22 November 2016.

The stock had outperformed the market over the past one month till 12 April 2017, rising 18.83% compared with 0.68% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 39.62% as against Sensexs 8.79% rise.

The mid-cap company has equity capital of Rs 96.30 crore. Face value per share is Rs 10.

Shares of Sobha fell 12.61% in three trading sessions to settle at Rs 363.15 yesterday, 12 April 2017, from its close of Rs 415.55 on 7 April 2017.

Sobhas consolidated net profit rose 7.9% to Rs 39.40 crore on 24.4% increase in net sales to Rs 540 crore in Q3 December 2016 over Q3 December 2015.

Sobha Group is one of the largest real estate organisations in India and the Middle East. It has presence in 24 cities and 13 states across India and throughout the Middle East.

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Central Bank of India vaults after fund raising proposal
Apr 13,2017

The announcement was made after market hours yesterday, 12 April 2017.

Meanwhile, the S&P BSE Sensex was down 41.34 points or 0.14% at 29,597.71

On BSE, so far 12,000 shares were traded in the counter as against average daily volumes of 6.93 lakh shares in the past one quarter. The stock hit a high of Rs 103.90 and a low of Rs 102.65 so far during the day. The stock had hit a 52-week high of Rs 112 on 20 June 2016. The stock had hit a 52-week low of Rs 73.10 on 24 May 2016.

The large-cap bank has equity capital of Rs 1902.17 crore. Face value per share is Rs 10.

Central Bank of Indias board of directors approved raising of equity capital by issuance and allotment of 5.59 crore equity shares at Rs 104.15 per share aggregating to Rs 583 crore to the government on a preferential basis.

Central Bank of India reported net loss of Rs 605.70 crore in Q3 December 2016, lower than net loss of Rs 836.62 crore in Q3 December 2015. Total income fell 1.79% to Rs 6787.87 crore in Q3 December 2016 over Q3 December 2015.

The Government of India holds 81.28% stake in Central Bank of India (as per the shareholding pattern as on 31 March 2017`).

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Minda Corporation gains after issuing commercial paper
Apr 13,2017

The announcement was made after market hours yesterday, 12 April 2017.

Meanwhile, the S&P BSE Sensex was down 49.28 points, or 0.17% at 29,594.20. The S&P BSE Small-cap index was up 78.85 points, 0.53% at 14,931.12.

On the BSE, 40,000 shares were traded on the counter so far as against the average daily volumes of 66,505 shares in the past one quarter. The stock had hit a high of Rs 115.50 and a low of Rs 111 so far during the day.

The stock had hit a record high of Rs 143.60 on 12 July 2016 and a 52-week low of Rs 85.50 on 22 November 2016. The stock had outperformed the market over the past one month till 12 April 2017, advancing 20.82% compared with the Sensexs 2.41% rise. The scrip had also outperformed the market over the past one quarter advancing 24.48% as against the Sensexs 8.79% rise.

The small-cap company has equity capital of Rs 41.86 crore. Face value per share is Rs 2.

Minda Corporation said it has issued commercial paper of Rs 25 crore on 11 April 2017. This is in line with the managements efforts to bring down the cost of the company. The commercial paper is having maturity date 10 July 2017.

Minda Corporations consolidated net profit fell 36.3% to Rs 20.10 crore on 9.7% increase in net sales to Rs 712.93 crore in Q3 December 2016 over Q3 December 2015.

Minda Corporation is a diversified company with a product portfolio encompassing from mechanical and electronic security system, electronic controllers for electric vehicles and for auto original equipment manufacturers (OEMs) across the globe. It also manufactures die casting parts for auto and consumer durable industry.

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Sterling Tools to hold EGM
Apr 13,2017

Sterling Tools announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 10 May 2017 .

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Piramal Phytocare to hold AGM
Apr 13,2017

Piramal Phytocare announced that the Annual General Meeting (AGM) of the company will be held on 23 May 2017.

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Adani Transmission jumps on bargain hunting
Apr 13,2017

Meanwhile, the S&P BSE Sensex was down 49.68 points, or 0.17% to 29,593.80.

On the BSE, 6.25 lakh shares were traded in the counter so far, compared with average daily volumes of 2.61 lakh shares in the past one quarter. The stock had hit a high of Rs 81.85 and a low of Rs 74.20 so far during the day.

The stock hit a record high of Rs 96 on 10 April 2017. The stock hit a 52-week low of Rs 28.35 on 20 May 2016.

The stock had outperformed the market over the past one month till 12 April 2017, rising 21.53% compared with 0.68% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 29.48% as against Sensexs 8.79% rise.

The mid-cap company has equity capital of Rs 1099.81 crore. Face value per share is Rs 10.

Shares of Adani Transmission fell 18.72% in two trading sessions to settle at Rs 76.20 yesterday, 12 April 2017, from its close of Rs 93.75 on 10 April 2017.

Adani Transmissions consolidated net profit jumped 32.8% to Rs 99.28 crore on 38.5% rise in net sales to Rs 729.22 crore in Q3 December 2016 over Q3 December 2015.

Adani Transmission is into power transmission business and is a part of business conglomerate Adani Group.

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Cabinet approves listing of 11 CPSEs on stock exchanges
Apr 13,2017

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi has given its approval for listing of the following 11 CPSEs (Central Public Sector Enterprises) on stock exchanges:

1. Rail Vikas Nigam Limited (RVNL)

2. IRCON International

3. Indian Railway Finance Corporation (IRFC)

4. Indian Railway Catering and Tourism Corporation (IRCTC)

5. RITES

6. Bharat Dynamics Limited (BDL)

7. Garden Reach Shipbuilders & Engineers (GRSE)

8. Mazagon Dock Shipbuilders Limited (MDSL)

9. North Eastern Electric Power Corporation (NEEPCO)

10. MSTC

11. Mishra Dhatu Nigam (MIDHANI)

As approved, listing of CPSEs will be through public offer of shares upto 25% of Government of Indias shareholding, which may include offer of fresh shares for raising of resources from market. However, actual disinvestment in respect of each CPSE alongwith the mode of raising resources has been delegated for decision on a case to case basis to the Alternative Mechanism, headed by the Finance Minister.

The CCEA has also approved reservation of shares for the eligible employees of 11 CPSEs in accordance with the extant provisions of SEBI Regulations.

With a view to ensure wider participation by small investors in the CPSEs disinvestment program, a price discount upto 5% on the issue price has also been approved for the retail investors and eligible employees of 11 CPSEs participating in this offer.

From the economic and sectoral perspective, the decision to list 11 CPSEs on stock exchanges through public offer will have the following advantages for to the stakeholders:

i. Post-listing, value of a CPSE has the potential to be unlocked in multiples of book value of its equity with respective increase in their market capitalization. Once the book value of 11 CPSEs is discovered through the listing process, it will facilitate raising of resources by these companies at comparable cost and hence, achieve higher growth through their expansion/diversification. This will also be reflected in the performance at the sectoral level and overall economic growth.

ii. Listing of CPSEs will also promote people ownership by encouraging public participation in CPSEs. Reservation of shares not exceeding 5% of the post-issue capital for the eligible employees of 11 CPSEs, with the further decision to allocate shares to retail investors and employees of CPSEs at a price discount will ensure wider participation of small investors in the CPSEs disinvestment program.

iii. Listing of profitable CPSEs on the stock exchanges also triggers multilayered oversight mechanism, which not only enhances shareholders value but also promotes corporate governance norms in such companies. As per the listing requirements of SEBI/ Company Law/Stock Exchanges, CPSEs are required to comply with a number of mandatory disclosure requirements.

iv. With general public becoming the shareholder in the company through the listing route, the management is open to public scrutiny and thus become more accountable to its shareholders, as per the extant disclosure norms and compliance for listed CPSEs.

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Arshiya marches ahead after entering into partnership
Apr 13,2017

The announcement was made after market hours yesterday, 12 April 2017.

Meanwhile, the BSE Sensex was down 48.15 points, or 0.16%, to 29,595.33

On BSE, so far 68,000 shares were traded in the counter, compared with an average volume of 1.16 lakh shares in the past one quarter. The stock hit a high of Rs 81 in intraday trade so far, which is 52-week high for the counter. The stock hit a low of Rs 78.40 so far during the day. The stock hit a 52-week low of Rs 16 on 13 June 2016.

The small-cap company has an equity capital of Rs 31.24 crore. Face value per share is Rs 2.

Arshiya entered into a binding term sheet with Ascendas Property Fund Trustee Pte (APFT), whereby APFT, in its capacity as Trustee-Manager of Ascendas India Trust, has agreed, subject to satisfactory duediligence, agreement on definitive documentation and obtaining necessary board approvals, to acquire 6 warehouses (totaling 8,32,000 sq.ft.) of Arshiya at its FreeTrade & Warehousing Zone (FTWZ) located at Panvel, near Mumbai.

The intended objective of Arshiya is to achieve an asset light model going forward, while Ascendas will potentially be getting a portfolio of income yielding Free Trade warehouses. The term sheet also envisages the financing of the future development on the available surplus land which has development potential of approx. 4 million sq.ft. within the existing notified area.

The indicative gross consideration envisaged is Rs 534 crore, to be paid in two tranches; Rs 434 crore upon signing of a definitive agreement and the balance Rs 100 crores to be paid over 4 years on achieving certain milestones. The majority of the monetization proceeds will be used by Arshiya for clearing a part of its dues to creditors and repayment of other liabilities post debt restructuring. All the six warehouses will be leased back under a master lease arrangement with Arshiya Group.

Arshiya has two revenue streams from its clients, one being from rent and the other from value added services in the ratio of approximately 1:1. Arshiya rental income would be significantly higher than the rental payout under the sale and lease back transaction and leave a surplus that would be retained by Arshiya. In addition, Arshiya would also benefit from the entire income from value added services.

On consolidated basis, Arshiya reported a net loss of Rs 95.01 crore in Q3 December 2016, higher than net loss of Rs 92.62 crore in Q3 December 2015. Net sales fell 6.35% to Rs 64.35 crore in Q3 December 2016 over Q3 December 2015.

Arshiya operates two Free Trade & Warehousing Zone (FTWZ) in Panvel, near Mumbai (160 acres) and at Khurja, near Delhi (325 acres), where it also operates Indias largest Logistic park with unique integrated solution providing capability consisting - FTWZ, ICD, Rail & Rail Terminal and Domestic Warehousing.

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Brahmaputra Infrastructure announces resignation of director
Apr 13,2017

Brahmaputra Infrastructure announced the resignation of Rajesh Singh from Whole Time Directorship along with the Chairmanship and membership of all the Committees of the Company with effect from 10 April 2017.

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Infosys declines after Q4 results; FY18 guidance disappoints
Apr 13,2017

Meanwhile, the S&P BSE Sensex was down 36 points, or 0.12% to 29,607.48.

On the BSE, 5 lakh shares were traded in the counter so far, compared with average daily volumes of 2.56 lakh shares in the past one quarter. The stock had hit a high of Rs 990.95 and a low of Rs 941.40 so far during the day.

The stock hit a 52-week high of Rs 1,278 on 3 June 2016. The stock hit a 52-week low of Rs 900.30 on 9 November 2016.

The stock had underperformed the market over the past one month till 12 April 2017, falling 6.40% compared with 0.68% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 3.12% as against Sensexs 8.79% rise.

The large-cap company has equity capital of Rs 1148.47 crore. Face value per share is Rs 5.

Infosys consolidated net profit fell 2.8% to Rs 3603 crore on 0.9% decline in revenues to Rs 17120 crore in Q4 March 2017 over Q3 December 2016. Consolidated operating profit fell 2.8% to Rs 4212 crore in Q4 March 2017 over Q3 December 2016.

Consolidated net profit rose 6.4% to Rs 14353 crore on 9.7% rise in revenues to Rs 68484 crore in the year ended March 2017 over the year ended March 2016. Operating profit rose 8.2% to Rs 16901 crore in the year ended March 2017 over the year ended March 2016. The result is as per International Financial Reporting Standards (IFRS).

The board of the company has identified that to pay up to Rs 13000 crore, or $2 billion, to shareholders via dividend or share buyback in Financial Year ending March 2018 (FY18). The board announced a final dividend of Rs 14.75 per share for the financial year ended 31 March 2017.

The company said its consolidated revenue is expected to grow 6.5%-8.5% in constant currency terms in the fiscal year ending 31 March 2018, under IFRS.

The company said its revenue is expected to grow 2.5%-4.5% in Rupee terms in the fiscal year ending 31 March 2018, under IFRS, based on the exchange rates as of 31 March 2017.

The company said its revenue is expected to grow 6.1%-8.1% in Dollar terms in the fiscal year ending 31 March 2018, under IFRS, based on the exchange rates as of 31 March 2017.

Liquid assets including cash & cash equivalents and investments at Rs 38773 crore as on 31 March 2017.

Infosys CEO, Dr. Vishal Sikka, said that unanticipated execution challenges and distractions in a seasonally soft quarter affected the companys overall performance. At the same time, Infosys continued to see many positive signs of its strategy execution; its software-led offerings continued to show strong momentum and client success, with continued adoption of Mana, our AI platform; Zero Distance marked its 2-year anniversary as a grassroots cultural movement for innovation with IFRS - INR strong client resonance, and the companys employee engagement continued to drive down attrition, especially with top performers.

Attrition declined during the quarter reflecting the companys focus on better employee engagement. Utilization during Q4 reached 82% which is the highest in Q4 over the past several years, said U. B. Pravin Rao, COO.

In FY2017, operating margins were steady as the company continued its sharp focus on operational efficiencies. Cash provided by operating activities during the year was robust and exceeded $2 billion, a new high, said M. D. Ranganath, CFO. The companys capital allocation policy is aimed at balancing the strategic and operational needs of the company as well as enhancing shareholder returns.

Infosys is a global leader in technology services and consulting.

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Lloyds Metals & Energy reports standalone net profit of Rs 5.14 crore in the March 2017 quarter
Apr 13,2017

Net profit of Lloyds Metals & Energy reported to Rs 5.14 crore in the quarter ended March 2017 as against net loss of Rs 2.63 crore during the previous quarter ended March 2016. Sales rose 17.45% to Rs 96.10 crore in the quarter ended March 2017 as against Rs 81.82 crore during the previous quarter ended March 2016.

For the full year,net profit rose 736.11% to Rs 6.02 crore in the year ended March 2017 as against Rs 0.72 crore during the previous year ended March 2016. Sales rose 10.19% to Rs 383.84 crore in the year ended March 2017 as against Rs 348.34 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales96.1081.82 17 383.84348.34 10 OPM %13.2311.07 -3.973.79 - PBDT8.966.05 48 18.9917.60 8 PBT5.143.60 43 6.026.95 -13 NP5.14-2.63 LP 6.020.72 736

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