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Bajaj Auto gains after better-than-expected Q3 earnings
Jan 31,2017

Meanwhile, the S&P BSE Sensex was down 70.26 points or 0.25% at 27,779.30.

On the BSE, 72,000 shares were traded on the counter so far as against the average daily volumes of 17,261 shares in the past one quarter. The stock had hit a high of Rs 2,917.05 and a low of Rs 2,792.30 so far during the day.

The stock had hit a record high of Rs 3,122 on 9 September 2016 and a 52-week low of Rs 2,173.40 on 29 February 2016.

The large-cap company has equity capital of Rs 289.37 crore. Face value per share is Rs 10.

Bajaj Autos consolidated net profit fell 5.27% to Rs 976.82 crore on 7.4% decline in total income to Rs 5672.82 crore in Q3 December 2016 over Q3 December 2015.

Bajaj Auto said that the governments action to demonetize high value currency had an adverse impact on the auto industry and the performance of the company. With good monsoon and seventh pay commission, motorcyle industry was expected to record healthy growth. However, post demonetization, in November and December 2016, the domestic industry for motorcycles and commercial vehicles recorded a decline of 16% and 32% respectively, the company said in a statement.

As of 31 December 2016, the companys surplus cash and cash equivalents stood at Rs 10932 crore.

Bajaj Auto is one of the leading two-and three-wheeler manufacturers in India.

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Bharti Infratel leads losers in A group
Jan 31,2017

Bharti Infratel slumped 11.33% to Rs 291.50 at 12:25 IST after telecom giant Vodafone acknowledged that it was in talks with third largest telecom operator for a possible merger. The merger deal if materializes, could dent Bharti Infratels revenue, whose towers are used by both Idea Cellular and Vodafone, report said. The stock topped the losers in the BSEs A group. On the BSE, 6.15 lakh shares were traded on the counter so far as against the average daily volumes of 1.68 lakh shares in the past two weeks.

Adani Enterprises tumbled 5.86% to Rs 86.75. The stock was second biggest loser in A group. On the BSE, 10.5 lakh shares were traded on the counter so far as against the average daily volumes of 8.33 lakh shares in the past two weeks.

HCL Technologies fell 5% at Rs 797.70. The stock was the third biggest loser in A group. On the BSE, 61,000 shares were traded on the counter so far as against the average daily volumes of 59,000 shares in the past two weeks.

TCS shed 4.81% to Rs 2,221.95. The stock was fourth biggest loser in A group. On the BSE, 86,000 shares were traded on the counter so far as against the average daily volumes of 72,000 shares in the past two weeks.

IT stocks declined after US President Donald Trumps administration has drafted an executive order aimed at overhauling the work-visa programmes tech companies depend on to hire employees.

Grasim Industries dropped 4.56% at Rs 926. The stock was the fifth biggest loser in A group. On the BSE, 54,000 shares were traded on the counter so far as against the average daily volumes of 61,000 shares in the past two weeks.

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Alicon Castalloy declines after uninspiring Q3 numbers
Jan 31,2017

The result was announced after market hours yesterday, 30 January 2017.

Meanwhile, the S&P BSE Sensex was down 187.54 points or 0.67% at 27,662.02.

On the BSE, 5,278 shares were traded on the counter so far as against the average daily volumes of 1,695 shares in the past one quarter. The stock had hit a high of Rs 397 and a low of Rs 373 so far during the day.

The stock had hit a record high of Rs 491 on 10 November 2016 and a 52-week low of Rs 242.20 on 15 February 2016. The stock had outperformed the market over the past one month till 30 January 2017, advancing 9.55% compared with the Sensexs 4.59% rise. The scrip had, however, underperformed the market over the past one quarter, sliding 16.74% as against the Sensexs 0.29% fall.

The small-cap company has equity capital of Rs 6.13 crore. Face value per share is Rs 5.

Alicon Castalloy is a part of the Alicon group and is into business of castings.

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Walchandnagar Industries drops after reverse turnaround in Q3
Jan 31,2017

The result was announced before market hours today, 31 January 2017.

Meanwhile, the S&P BSE Sensex was down 150.40 points, or 0.54%, to 27,699.16.

On the BSE, 32,000 shares were traded on the counter so far as against the average daily volumes of 40,697 shares in the past one quarter. The stock had hit a high of Rs 158.05 and a low of Rs 153.50 so far during the day.

The stock had hit a 52-week high of Rs 177 on 18 October 2016 and a 52-week low of Rs 115.80 on 12 February 2016. The stock had outperformed the market over the past one month till 30 January 2017, advancing 10.55% compared with the Sensexs 4.59% rise. The scrip had, however, underperformed the market over the past one quarter declining 1.42% as against the Sensexs 0.29% fall.

The small-cap company has equity capital of Rs 7.61 crore. Face value per share is Rs 2.

Walchandnagar Industries net sales fell 22.3% to Rs 99.77 crore in Q3 December 2016 over Q3 December 2015.

Walchandnagar Industries is engaged in engineering, fabrication and manufacturing of machinery.

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Natco Pharma gains after marketing partner wins patent case in US
Jan 31,2017

The announcement was made during market hours today, 31 January 2017.

Meanwhile, the BSE Sensex was down 139.79 points, or 0.5%, to 27,709.77.

More than usual volumes were traded on the counter. On the BSE, 55,463 shares were traded in the counter so far, compared with average daily volume of 36,989 shares in the past one quarter. The stock had hit high of Rs 700 and low of Rs 671.30 so far during the day. The stock had hit a record high of Rs 703.95 on 25 August 2016. The stock hit a 52-week low of Rs 390 on 29 March 2016.

The large-cap company has equity capital of Rs 34.86 crore. Face value per share is Rs 2.

Natco Pharma announced that the United States District Court for the District of Delaware issued a decision finding all asserted claims of four Orange Book-listed patents relating to Copaxone 40 mg/mL invalid based on obviousness.

The invalidated patents are United States Patent Numbers 8,232,250; 8,399,413; 8,969,302; and 9,155,776, which are owned by Yeda Research & Development Co., Ltd. and licensed to Teva Pharmaceuticals Industries, Ltd.

On 2 December 2016, the U.S. Patent and Trademark Offices U.S. Patent Trial and Appeal Board (PTAB) reaffirmed a prior decision that three of these patents (250, 413 and 302) are unpatentable in its inter partes review (IPR) proceedings initiated by NATCOs marketing partner Mylan. Mylan also challenged the 776 patent in an IPR proceeding. The PTAB is expected to issue its institution ruling on the 776 patent IPR by 16 May 2017.

Copaxone 40 mg/mL had US annual sales of approximately $3.3 billion for the 12 months ending 30 November 2016, according to IMS Health.

Natco Pharmas consolidated net profit rose 127.2% to Rs 66.55 crore on 75.6% rise in net sales to Rs 415.21 crore in Q2 September 2016 over Q2 September 2015.

Natco Pharma manufactures generic dosage forms, bulk actives and intermediates for the Indian and international markets.

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IT stocks slide as Trump administration drafts executive order on H1B visas
Jan 31,2017

TCS (down 2.71%), HCL Technologies (down 2.29%), Wipro (down 1.6%), Infosys (down 1.4%), Persistent Systems (down 1.31%) and Oracle Financial Services Software (down 0.75%) edged lower.

Meanwhile, the S&P BSE IT index was down 1.79%. It underperformed the Sensex which was down 147.46 points or 0.53% at 27,702.10.

The BSE IT index had underperformed the market over the past one month till 30 January 2017, sliding 2.92% compared with the Sensexs 4.59% rise. The index had also underperformed the market over the past one quarter, declining 1.53% as against the Sensexs 0.29% fall.

According to reports, Donald Trumps administration has drafted an executive order to restrict work visas, H1B and L1 issued to professionals working in the US for a short period of time, as part of a larger immigration reform. The H1B visa is a non-immigrant visa that allows US companies to employ skilled foreign workers and are mostly used by Indian IT professionals. The latest move comes after Trump issued a sweeping executive order banning foreign nationals from seven Muslim-majority countries from entering the US.

US is the biggest outsourcing market for Indian IT firms.

Tech Mahindra lost 1.21%. The companys consolidated net profit rose 32.77% to Rs 856 crore on 5.4% growth in revenue to Rs 7558 crore in Q3 December 2016 over Q2 September 2016. The result was announced at the fag end of the trading session yesterday, 30 January 2017. The stock had risen 0.27% to settle at Rs 466.75 yesterday, 30 January 2017.

Tech Mahindras consolidated profit after tax rose 30.8% to $126.3 million on 4.1% growth in revenue at $1116.1 million in Q3 December 2016 over Q2 September 2016. Earnings before interest, taxation, depreciation and amortization (EBITDA) rose 9.2% to $175 million in Q3 December 2016 over Q2 September 2016. Cash and cash equivalent stood at Rs 4951 crore as of 31 December 2016.

Vineet Nayyar, Vice Chairman, Tech Mahindra said that the strong deal wins and business momentum during the quarter reaffirm that the company is on the right track to capitalize on the opportunities from the global digital transformation, and see measurable benefits from that.

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Tata Power gains after fund raising by subsidiary
Jan 31,2017

The announcement was made after market hours yesterday, 30 January 2017.

Meanwhile, the S&P BSE Sensex was down 105.26 points or 0.38% at 27,744.30.

On the BSE, 3.68 lakh shares were traded on the counter so far as against the average daily volumes of 3.64 lakh shares in the past one quarter. The stock had hit a high of Rs 82.70 and a low of Rs 80.40 so far during the day. The stock had hit a 52-week high of Rs 84.45 on 24 October 2016 and a 52-week low of Rs 55 on 12 February 2016.

The large-cap company has equity capital of Rs 270.48 crore. Face value per share is Re 1.

Tata Power Company announced that Welspun Renewables Energy Private (WREPL), a wholly-owned step down subsidiary of the company which has been recently acquired, has successfully issued and allotted guaranteed, redeemable, rated, taxable, non-cumulative, non-convertible debentures (NCDs) of face value of Rs 10 lakh each, aggregating to Rs 1200 crore on a private placement basis.

The proceeds of the NCDs will be primarily used to prepay existing higher cost debt of WREPL and its subsidiaries. The guarantee agreement has been entered to guarantee payment obligation of WREPL pursuant to the NCDs.

The guarantee is capped at Rs 1320 crore and will fall off once the NCDs are fully repaid. The final maturity date is 31 January 2022. This will create a contingent liability not exceeding Rs 1320 crore for the company.

On a consolidated basis, Tata Power reported net profit of Rs 336.24 crore in Q2 September 2016, as against net loss of Rs 95.87 crore in Q2 September 2015. Net sales declined 5.6% to Rs 7190.54 crore in Q2 September 2016 over Q2 September 2015.

Tata Power is Indias largest integrated power company with a growing international presence.

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Dalmia Bharat Sugar hits 52-week high after strong Q3 earnings
Jan 31,2017

The result was announced after market hours yesterday, 30 January 2017.

Meanwhile, the S&P BSE Sensex was down 139.38 points, or 0.5%, to 27,710.18.

On the BSE, 69,000 shares were traded on the counter so far as against the average daily volumes of 56,233 shares in the past one quarter. The stock had hit a high of Rs 202.20 so far during the day, which is also its 52-week high. The stock hit a low of Rs 195 so far during the day.

The stock had hit a 52-week low of Rs 55.50 on 12 February 2016. The stock had outperformed the market over the past one month till 30 January 2017, advancing 41.75% compared with the Sensexs 4.59% rise. The scrip had also outperformed the market over the past one quarter advancing 60.96% as against the Sensexs 0.29% fall.

The small-cap company has equity capital of Rs 16.19 crore. Face value per share is Rs 2.

Dalmia Bharat Sugar and Industries earnings before interest, tax, depreciation and amortization (EBITDA) increased by 165% to Rs 112 crore in Q3 December 2016 over Q3 December 2015. EBITDA margin expanded to 23% in Q3 December 2016 from 15% in Q3 December 2015.

In its outlook on sugar sector, Dalmia Bharat Sugar and Industries said that the short-to-medium term outlook looks promising due to firm sugar prices with lower domestic sugar production expected in 2016-2017. However, for long term interests of the industry, it is imperative that cane prices get linked with sugar prices all across the country.

Dalmia Bharat Sugar and Industries is one of the leading producers of sugar in Uttar Pradesh. The company has three integrated plants with total cane crushing capacity of 22500 TCD (tons crushed per day) and sugar production capacity of 3 lakh MT per annum.

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Sicagen India drops after weak Q3 results
Jan 31,2017

The result was announced after market hours yesterday, 30 January 2017.

Meanwhile, the S&P BSE Sensex was down 124.16 points or 0.45% at 27,725.40.

On the BSE, 9,450 shares were traded on the counter so far as against the average daily volumes of 25,784 shares in the past one quarter. The stock had hit a high of Rs 26.30 and a low of Rs 25.30 so far during the day.

The stock had hit a 52-week high of Rs 30.70 on 1 November 2016 and a 52-week low of Rs 14.30 on 12 February 2016. The stock had outperformed the market over the past one month till 30 January 2017, advancing 9.15% compared with the Sensexs 4.59% rise. The scrip had, however, underperformed the market over the past one quarter, sliding 5.29% as against the Sensexs 0.29% fall.

The small-cap company has equity capital of Rs 39.57 crore. Face value per share is Rs 10.

Sicagen Indias consolidated net sales rose 30.3% to Rs 189.85 crore in Q3 December 2016 over Q3 December 2015.

Sicagen India is engaged in trading of building materials.

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Shriram City Union Finance drops after reporting weak Q3 results
Jan 31,2017

The result was announced after market hours yesterday, 30 January 2017.

Meanwhile, the S&P BSE Sensex was down 94.85 points, or 0.33%, to 27,756.62.

On the BSE, 337 shares were traded in the counter so far, compared with an average volume of 10,964 shares in the past one quarter. The stock had hit a high of Rs 2,034 and low of Rs 1,926.40 so far during the day. The stock had hit a low of Rs 2,340 so far during the day. The stock had hit a 52-week low of Rs 1,395.70 on 11 February 2016. The stock had hit a record high of Rs 2,650 on 30 October 2016.

The large-cap company has an equity capital of Rs 65.94 crore. Face value per share is Rs 10.

Shriram City Union Finance said that as it largely caters to the self-employed segments, which transact primarily in cash, it experienced near term delays in payment due to the difficulties faced by these customers in converting their holdings within the stipulated time after the government banned higher denomination notes in November 2016.

Net interest margin (NIM) stood at 13.88% in Q3 December 2016 compared with 13.94% in Q3 December 2015. On absolute basis, the companys gross non-performing assets (NPAs) stood at Rs 993 crore as on 31 December 2016, compared with Rs 1034 crore as on 30 September 2016 and Rs 632 crore as on 31 December 2015.

The ratio of gross NPAs to gross advances stood at 4.49% as on 31 December 2016 as against 4.96% as on 30 September 2016 and 3.39% as on 31 December 2015. The ratio of net NPAs to net advances stood at 0.57% as on 31 December 2016 as against 1.35% as on 30 September 2016 and 0.66% as on 31 December 2015.

Shriram City Union Finance is Indias premier financial services company specializing in retail finance. It has a comprehensive range of offerings comprising finance for two wheelers and three wheelers, four wheeler finance (both new and pre-owned passenger and commercial vehicles), personal loans, small business loans, and loan against gold.

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V-Mart Retail jumps after strong Q3 numbers
Jan 31,2017

The result was announced after market hours yesterday, 30 January 2017.

Meanwhile, the S&P BSE Sensex was down 77.46 points or 0.28% at 27,772.10.

On the BSE, 68,000 shares were traded on the counter so far as against the average daily volumes of 772 shares in the past one quarter. The stock had hit a high of Rs 564.90 and a low of Rs 536.30 so far during the day.

The stock had hit a 52-week high of Rs 608 on 1 February 2016 and a 52-week low of Rs 425 on 24 June 2016. The stock had outperformed the market over the past one month till 30 January 2017, advancing 9.68% compared with the Sensexs 4.59% rise. The scrip had, however, underperformed the market over the past one quarter, sliding 4.76% as against the Sensexs 0.29% fall.

The small-cap company has equity capital of Rs 18.07 crore. Face value per share is Rs 10.

Lalit Agarwal, CMD, V-Mart Retail, said that despite the temporary slowdown and lower conversion initially witnessed due to the demonetisation scheme, the company adopted means like SMART ATM drive at its stores to improve sales. Further, the companys better supply chain management also increased the sales during the period at a time when almost all the industries were experiencing a massive downfall in demand, Agarwal said.

V-Mart Retail is a hypermarket format retail chain based in New Delhi. It is a multi-brand family retail store offering apparels, general merchandise and kirana.

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Pioneer Distilleries advances after recommencing operations of plant
Jan 31,2017

The announcement was made after market hours yesterday, 30 January 2017.

Meanwhile, the S&P BSE Sensex was down 142.81 points or 0.51% at 27,712.49.

On the BSE, 629 shares were traded in the counter so far as against an average daily volume of 6,669 shares in the past one quarter. The stock had hit high of Rs 192 and low of Rs 185.60 so far during the day. The stock had hit a 52-week high of Rs 262.50 on 10 February 2016. The stock had hit a 52-week low of Rs 81.60 on 16 March 2016.

The small-cap liquor maker has an equity capital of Rs 13.39 crore. Face value per share is Rs 10.

Pioneer Distilleries announced that it has re-commenced the operations of the 100 kilo liters per day (KLPD) molasses based extra neutral alcohol (MENA) plant(s) at the factory located at Balapur (V), Dharmabad taluka, Nanded district, Maharashtra, with effect from 30 January 2017.

The company had earlier informed temporary stoppage of the manufacturing activities of the plant on account of shortage in water availability due to less rains during monsoon season in the region and overhauling of the boilers and the dryer.

Pioneer Distilleries reported net loss of Rs 13.50 crore in Q2 September 2016 compared with net profit of Rs 1.20 crore in Q2 September 2015. Net sales fell 27.8% to Rs 19.22 crore in Q2 September 2016 over Q2 September 2015.

Pioneer Distilleries will announce its Q3 results on 6 February 2017.

Pioneer Distilleries is a liquor producing company.

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Kitex Garments surges after strong Q3 earnings
Jan 31,2017

The result was announced after market hours yesterday, 30 January 2017.

Meanwhile, the S&P BSE Sensex was down 127.80 points or 0.46% at 27,721.76.

On the BSE, 16,000 shares were traded on the counter so far as against the average daily volumes of 12,131 shares in the past one quarter. The stock had hit a high of Rs 465 and a low of Rs 442 so far during the day.

The stock had hit a 52-week high of Rs 543.20 on 4 July 2016 and a 52-week low of Rs 340 on 29 February 2016. The stock had underperformed the market over the past one month till 30 January 2017, advancing 3.85% compared with the Sensexs 4.59% rise. The scrip had also underperformed the market over the past one quarter, sliding 17.36% as against the Sensexs 0.29% fall.

The small-cap company has equity capital of Rs 4.75 crore. Face value per share is Rs 1.

Kitex Garments is a producer of childrens apparel.

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Tech Mahindra gains after posting strong Q3 results
Jan 31,2017

The result was announced at the fag end of the trading session yesterday, 30 January 2017. The stock had risen 0.27% to Rs 466.75 ahead of the results yesterday, 30 January 2017.

Meanwhile, the S&P BSE Sensex was down 103.67 points or 0.37% at 27,745.89.

On the BSE, 48,738 shares were traded in the counter so far as against average daily volume of 2.39 lakh shares in the past one quarter. The stock had hit a high of Rs 485 and a low of Rs 465.80 so far during the day.

Tech Mahindras consolidated profit after tax rose 30.8% to $126.3 million on 4.1% growth in revenue at $1116.1 million in Q3 December 2016 over Q2 September 2016. EBITDA rose 9.2% to $175 million in Q3 December 2016 over Q2 September 2016. Cash and cash equivalent stood at Rs 4951 crore as of 31 December 2016.

Vineet Nayyar, Vice Chairman, Tech Mahindra said that the strong deal wins and business momentum during the quarter reaffirm that the company is on the right track to capitalize on the opportunities from the global digital transformation, and see measurable benefits from that.

Tech Mahindra is a specialist in digital transformation, consulting and business re-engineering solutions.

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Ruchira Papers drops on profit booking
Jan 30,2017

Meanwhile, the S&P BSE Sensex was down 41.94 points or 0.15% at 27,840.52.

On the BSE, 1.17 lakh shares were traded on the counter so far as against the average daily volumes of 40,850 shares in the past one quarter. The stock had hit a high of Rs 142.90 and a low of Rs 125 so far during the day.

The stock had hit a record high of Rs 143.40 on 27 January 2017 and a 52-week low of Rs 51.40 on 29 February 2016. The stock had outperformed the market over the past one month till 27 January 2017, advancing 33.85% compared with the Sensexs 6.37% rise. The scrip had also outperformed the market over the past one quarter, gaining 18.13% as against the Sensexs 0.12% fall.

The small-cap company has equity capital of Rs 22.42 crore. Face value per share is Rs 10.

Shares of Ruchira Papers had rallied 15.45% in preceding four trading sessions to settle at Rs 137.80 on Friday, 27 January 2017, from its close of Rs 119.35 on 20 January 2017.

Ruchira Papers net profit rose 48.25% to Rs 8.05 crore on 13.87% growth in total income from operations to Rs 102.59 crore in Q3 December 2016 over Q3 December 2015. The result was announced during market hours today, 30 January 2017.

Ruchira Papers is a paper manufacturing company.

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