My Application Form Status

Check the status of your application form with Angel Broking.
Arq - The Hyper Intelligent Investment Engine By Angel Broking
Victoria Mills to hold AGM
May 09,2017

Victoria Mills announced that the 104th Annual General Meeting (AGM) of the company will be held on 27 September 2017.

Powered by Capital Market - Live News

Mangalam Drugs gains after good Q4 result
May 09,2017

The result was announced after market hours yesterday, 8 May 2017.

Meanwhile, the BSE Sensex was up 32.18 points, or 0.11%, to 29,958.33. The BSE Small-Cap index was up 91.93 points, or 0.59% to 15,554.51.

On the BSE, so far 44,000 shares were traded in the counter, compared with average daily volumes of 40,436 shares in the past one quarter. The stock had hit a high of Rs 202 and a low of Rs 196 so far during the day. The stock hit a 52-week high of Rs 239.90 on 10 May 2016. The stock hit a 52-week low of Rs 122.90 on 22 November 2016.

The stock had outperformed the market over the past one month till 8 May 2017, rising 31.55% compared with 0.74% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 22.58% as against Sensexs 5.61% rise.

The small-cap company has equity capital of Rs 15.83 crore. Face value per share is Rs 10.

Mangalam Drugs & Organics manufactures active pharma ingredients (APIs), intermediates and specialty chemicals.

Powered by Capital Market - Live News

Ind-Ra: InvITs To Potentially Deleverage Infrastructure Sector by around INR130 Billion in FY18
May 09,2017

The first four infrastructure investment trusts (InvITs) which are likely to hit the primary markets in FY18 could reduce the overall debt of sponsor groups by close to INR130 billion; thereby providing cash flow relief to the beleaguered sector, says India Rating and Research (Ind-Ra). The companies which are likely to deleverage by using the InvIT route in FY18 are Sterlite Power Grid Ventures (SPGVL, IND A/Stable), Reliance Infrastructures (R-Infra, IND A+/Rating Watch Negative) and IL&FS Transportation Networks (ITNL, IND A/Negative) and the recently closed issue of IRB Infrastructure Developers (IRBIDL, IND A-/Rating Watch Positive).

InvITs will enable infrastructure developers to deleverage their balance sheets and refinance remaining debt (potentially INR36 billion) at lower costs. Deleveraging will provide a fillip to the coverage metrics of SPVs housed under the InvIT structures and refinancing (through bond/bank loans) and will further improve the credit profile of InvITs.

Ind-Ra had highlighted in the report Softened Interest Rates Likely to Brighten Solar Sector that bank financing to the infrastructure sector has been declining, which makes it imperative for investors and developers to scout for alternate sources of funding such as masala bonds, InvITs among others. The current low interest rates regime is favourable for the bond market as well as InvITs.

InvITs would allow infrastructure developers to not only deleverage their balance sheets but also refinance remaining debt at lower interest rates. InvIT structures have robust debt service coverage ratios, and refinancing will further improve the credit profile of InvITs.

Ind-Ra has been a pioneer in rating InvITs and also has been the first to rate the first InvIT which has hit the primary market. Ind-Ra has rated both InvITs which have / are expected to hit the primary markets this month namely - IRB InvIT Fund (IRB InvIT, IND AAA/Stable) and India Grid Trust (IndiGrid, IND AAA/Stable).

Post issuance, Ind-Ra estimates IRB InvITs consolidated external debt would be INR7,704.55 million on 31 March 2017. The rating on IRB InvIT is a reflection of the combined credit quality of the underlying assets. Ind-Ra expects significant deleveraging (77.5% of the INR35.13 billion debt on 31 December 2016) of the operational toll road projects post receipt of subscription proceeds, resulting in robust coverage metrics and favourable gearing. The overall operational track record of the combined portfolio (around 4.5 years) and highly fungible cash flows of InvIT structure bolster the overall credit profile. IRB InvITs cash flows show considerable resilience to stress cases, reflecting ample cushion for timely debt servicing in potential downside scenarios. The debt infused by IRB InvIT in the SPVs shall be subordinate to the external debt and IRB InvIT shall not have a right to call an event of default under any project documents and/or any financial documents until the external debt is fully paid off.

SPGVL has floated an InvIT called India Grid Trust (IndiGrid) and is planning to hive off Sterlite Grid1 Limited (SGL1) under the trust. SGL1 holds the two operating transmission assets - Bhopal Dhule Transmission Company Limited (BDTCL) and Jabalpur Transmission Company Limited (JTCL), which are the initial portfolio assets. Subscription to IndiGrids units will be raised in a process similar to an initial public offer for raising equity funds by companies. BDTCL plans to mobilise INR7.2bn non-convertible debentures with a tenor of five years. The proceeds from units will be used to retire the existing bank loans and promoters sub-debt in BDTCL and JTCL. Post the issuance, SPGVL is likely to hold 15%-25% of IndiGrid, depending on the valuation/subscription by other investors.

Powered by Capital Market - Live News

Tata Sponge Iron gets Environment Clearance for enhancement of DRI Production
May 09,2017

Tata Sponge Iron has received an Environment Clearance from Ministry of Environment, Forest & Climate Change, Govt. of India for enhancement of DRI Production by 35000 TPA from 3,90,000 TPA to 4,25,000 TPA in the existing facility located at Bileipada, District Keonjhar, Odisha.

Powered by Capital Market - Live News

Bank of India announces appointment of MD & CEO
May 09,2017

Bank of India announced that Dinabandhu Mohapatra has taken over as Managing Director & CEO of Bank of India on 05 May 2017.

Powered by Capital Market - Live News

Tata Sponge shines after getting approval for hiking production capacity
May 09,2017

The announcement was made after market hours yesterday, 8 May 2017.

Meanwhile, the S&P BSE Sensex was up 18.66 points or 0.06% at 29,944.81. The S&P BSE Small-Cap index was up 71.05 points or 0.46% at 15,533.63.

On the BSE, 34,000 shares were traded on the counter so far as against the average daily volumes of 92,054 shares in the past one quarter. The stock hit a high of Rs 878 and a low of Rs 864.25 so far during the day. The stock had hit a 52-week high of Rs 900 on 11 April 2017 and a 52-week low of Rs 474.95 on 9 November 2016.

The stock had outperformed the market over the past one month till 8 May 2017, rising 17.63% compared with 0.74% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 38.83% as against Sensexs 5.61% rise.

The small-cap company has equity capital of Rs 15.40 crore. Face value per share is Rs 10.

Tata Sponge Iron received environment clearance from Ministry of Environment, Forest & Climate Change, Government of India, for enhancement of DRI production by 35,000 TPA i.e. from 3,90,000 TPA to 4,25,000 TPA in the existing facility located at Bileipada, district Keonjhat, Odisha.

Tata Sponge Irons consolidated net profit surged 62.1% to Rs 21.20 crore on 19.1% growth in net sales to Rs 167.17 crore in Q4 March 2017 over Q4 March 2016.

Tata Sponge Iron is a sponge iron manufacturer. Tata Steel is the promoter of Tata Sponge Iron. Tata Steel owned 54.5% stake in the company end March 2017.

Powered by Capital Market - Live News

S Chand and Company trades at small premium
May 09,2017

The stock debuted at Rs 707, a premium of 5.52% to the initial public offer (IPO) price. So far the stock hit a high of Rs 707 and low of Rs 658. On BSE, so far 10.24 lakh shares were traded on the counter.

The IPO closed on 28 April 2017. It was subscribed 59.49 times, with total bids for 45.72 crore shares. The qualified institutional buyers (QIBs) category was subscribed 44.27 times. The non institutional investors category was subscribed 204.65 times. The retail individual investors (RIIs) category was subscribed 6.07 times.

S Chand and Company on 25 April 2017 had raised Rs 219 crore from 15 anchor investors by selling 32.62 lakh shares. The shares were allotted to the anchor investors at Rs 670 per share, the top end of the Rs 660 to Rs 670 per share price band for the IPO.

S Chand and Companys IPO consisted of a fresh issue aggregating up to Rs 325 crore and an offer for sale of up to 60.23 lakh equity shares by the selling shareholders.

The net proceeds from the fresh issue will be utilized towards the repayment of loans availed by the company and one of its subsidiaries, EPHL, which were utilized towards funding the acquisition of Chhaya. The proceeds will also be utilized towards repayment/prepayment, in full or in part, of certain loans availed of by the company and certain of its subsidiaries, VPHPL and NSHPL; and general corporate purposes.

The company reported consolidated net loss of Rs 88.48 crore on total revenue of Rs 150.80 crore in the nine months ended 31 December 2016.

S Chand and Company is a leading Indian education content company. The company delivers content, solutions and services across the education lifecycle through its K-12, higher education and early learning segments.

Powered by Capital Market - Live News

Precision Wires India electrifies after good Q4 result
May 09,2017

The result was announced after market hours yesterday, 8 May 2017.

Meanwhile, the BSE Sensex was up 37.36 points, or 0.12% to 29,963.51. The BSE Small-Cap index was up 71.80 points, or 0.46% to 15,534.38.

On BSE, so far 14,000 shares were traded in the counter as against average daily volume of 6,741 shares in the past one quarter. The stock hit a high of Rs 148 in intraday trade so far, which is record high for the counter. The stock hit a low of Rs 144 so far during the day. The stock had hit a 52-week low of Rs 72.60 on 6 May 2016.

The small-cap company has an equity capital of Rs 11.56 crore. Face value per share is Rs 5.

Precision Wires India is the largest manufacturer of copper winding wires in the country.

Powered by Capital Market - Live News

PNB Housing Finance announces resignation of director cum chairperson
May 09,2017

PNB Housing Finance announced that Usha Anathasubramanian has resigned from Directorship and Chairpersonship of the Company. She has been transferred as MD and CEO of Allahabad Bank and has demitted the office of MD and CEO of Punjab National Bank with effect from 05 May 2017.

Powered by Capital Market - Live News

Nocil hits 52-week high after decent Q4 results
May 09,2017

The result was announced after market hours yesterday, 8 May 2017.

Meanwhile, the S&P BSE Sensex was up 19.47 points, or 0.07% at 29,945.62. The S&P BSE Small-cap index was up 60.45 points, 0.39% at 15,523.03.

On the BSE, 2.08 lakh shares were traded on the counter so far as against the average daily volumes of 4.14 lakh shares in the past one quarter. The stock had hit a high of Rs 111.70 so far during the day, which is also its 52-week high. The stock had hit a low of Rs 108.90 so far during the day.

The stock had hit a 52-week low of Rs 47 on 31 May 2016. The stock had outperformed the market over the past one month till 8 May 2017, advancing 13.99% compared with the Sensexs 0.74% rise. The scrip had also outperformed the market over the past one quarter advancing 36.39% as against the Sensexs 5.78% rise.

The small-cap company has equity capital of Rs 163.84 crore. Face value per share is Rs 10.

Nocil manufactures basic organic chemicals.

Powered by Capital Market - Live News

Outcome of board meeting of Gujarat Bitumen
May 09,2017

The Board of Directors of Gujarat Bitumen at its meeting held on 08 May 2017 has approved the following -

The decision of sub-division of shares is kept in abeyance by the board.

The decision of increase in authorised share capital is kept in abeyance by the board.

Approved change in registered office to F-901, Titanium City Centre, Satellite, Ahmedabad 380015.

Approved change in name of company to GBL Industries.

Approved appointment of Dhiral Dave as Additional Director.

Resignation of Mohan Punjabi as MD and Director of the Company.

Resignation of Nirmal Kumar Tiwari as Director.

Powered by Capital Market - Live News

Eros International Media signs television syndication deal with Zee
May 09,2017

Eros International Media has signed a significant television syndication deal with Zee for a slate of forthcoming releases this year, including Sarkar 3, Munna Michael and Subh Mangal Savadhaan.

Powered by Capital Market - Live News

Oberoi Realty allots 33,717 equity shares
May 09,2017

Oberoi Realty has allotted 33,717 equity shares of Rs 10 each under ESOP 2009. Post the allotment, the equity share capital stands increased to 33,96,02,237 equity shares of Rs 10 each aggregating to Rs 339.60 crore.

Powered by Capital Market - Live News

Shares of S Chand and Company get listed
May 09,2017

The equity shares of S Chand and Company (Scrip Code: 540497) are listed effective 09 May 2017 and admitted to dealings on the Exchange in the list of B Group Securities.

Powered by Capital Market - Live News

Trident gets revision in ratings for bank facilities
May 09,2017

Trident announced that CRISIL has upgraded ratings for bank facilities aggregating Rs 3884.85 crore as under -

Long Term Rating - CRISIL A+/ Stable (Upgraded from CRISIL A/ Stable)
Short Term Rating - CRISIL A1 (Reaffirmed)

Powered by Capital Market - Live News