My Application Form Status

Check the status of your application form with Angel Broking.
Arq - The Hyper Intelligent Investment Engine By Angel Broking
Aurionpro Solutions partners with Goodpack IBC (Singapore)
Mar 30,2017

Aurionpro Solutions announced that its end-to-end freight and warehouse management solution - SCMProFit has been selected by Goodpack IBC (Singapore), engaged in steel intermediate bulk containers. SCMProFit will be deployed to transform the returnable packaging operations management.

Powered by Capital Market - Live News

Dilip Buildcon builds gains after winning road projects
Mar 30,2017

The announcement was made before market hours today, 30 March 2017.

Meanwhile, the S&P Sensex was up 84.06 points, or 0.28% at 29,615.49. The S&P BSE Mid-Cap index was up 70.33 points, or 0.5% at 14,000.93.

On the BSE, 10,000 shares were traded on the counter so far as against the average daily volumes of 37,187 shares in the past one quarter. The stock had hit a high of Rs 351.35 and a low of Rs 346 so far during the day.

The stock had hit a record high of Rs 365.15 on 21 March 2017 and a record low of Rs 178.60 on 9 November 2016. The stock had outperformed the market over the past one month till 29 March 2017, advancing 11.6% compared with the Sensexs 2.74% rise. The scrip had also outperformed the market over the past one quarter advancing 52.8% as against the Sensexs 12.01% rise.

The mid-cap company has equity capital of Rs 136.77 crore. Face value per share is Rs 10.

Dilip Buildcon received letter of award from the National Highways Authority of India (NHAI) for three projects in a single stretch in Maharashtra. First project is for four laning of Mahagaon to Yavatmal section under NHDP Phase IV on Hybrid Annuity mode at a project cost of Rs 1160.64 crore. The second project is for four laning of Yavatmal to Wardha section under NHDP Phase IV on Hybrid Annuity Mode at a project cost of Rs 1043.28 crore. The third project is for four laning of Wardha-Butibori Section on Hybrid Annuity Mode at a project cost of Rs 1065.51 crore. The completion period for all projects is 30 months.

Dilip Buildcons net profit jumped 151.7% to Rs 108.64 crore on 41.9% rise in net sales to Rs 1388.43 crore in Q3 December 2016 over Q3 December 2015.

Dilip Buildcon is a road-focused engineering procurement construction (EPC) contractor. The company develops infrastructure across the country in diverse areas such as roads & bridges, water sanitation & sewage, irrigation, industrial, commercial & residential buildings.

Powered by Capital Market - Live News

Albert David announces change in registered office
Mar 30,2017

Albert David announced that the Registered/Head Office of the Company is being shifted from 15, Chittaranjan Avenue, Kolkata-700072 to D Block, 3rd Floor, Gillander House, Netaji Subhas Road, Kolkata - 700001, Tel : 033-2230-2330 with effect from 1 April 2017.

Powered by Capital Market - Live News

Navneet Education hits record high
Mar 30,2017

Meanwhile, the S&P BSE Sensex was up 82.30 points or 0.28% at 29,613.73.

On the BSE, 3.54 lakh shares were traded on the counter so far as against the average daily volumes of 47,129 shares in the past one quarter. The stock had hit a high of Rs 174.70 so far during the day, which is a record high. The stock hit a low of Rs 164.15 so far during the day. It had hit a 52-week low of Rs 80.50 on 29 March 2016.

The mid-cap company has equity capital of Rs 47.64 crore. Face value per share is Rs 2.

The target price of Rs 210 gives an upside of 37.16% over the stocks closing price of Rs 153.10 yesterday, 29 March 2017.

According to reports, the brokerage believes that Navneet Education is well poised to gain market share in the growing CBSE market. Change of syllabus provides strong growth triggers over two years.

In terms of market positioning, it feels that Navneet dominates the market for supplementary educational material and this domineering position makes it a key beneficiary, reports suggested.

Navneet Educations net profit rose 67.9% to Rs 12.64 crore on 38.6% growth in net sales to Rs 156.56 crore in Q3 December 2016 over Q3 December 2015.

Navneet Education, formerly known as Navneet Publications (India), is in the business of educational, children and general books publication, scholastic paper and non-paper stationery products.

Powered by Capital Market - Live News

L&T Construction secures new orders
Mar 30,2017

The construction arm of Larsen & Toubro has recently won orders worth Rs 1725 crore across two of its business segments -

Transportation Infrastructure Business - Rs 725 crore
Heavy Civil Infrastructure Business - Rs 1000 crore

Powered by Capital Market - Live News

Bharat Heavy Electricals commissions 2nd 800 MW super critical thermal unit
Mar 30,2017

Bharat Heavy Electricals has commissioned a coal based super critical thermal unit of 800 MW in Karnataka. This is the 2nd unit of the 2x800 MW Yeramarus Thermal Power Station located in Raichur district of Karnataka. The first unit of this power plant was commissioned earlier by BHEL in March 2016.

The Yeramarus project has been developed by Raichur Power Corporation, a joint venture with equity participation from Karnataka Power Corporation and BHEL.

Powered by Capital Market - Live News

Outcome of board meeting of Coffee Day Enterprises
Mar 30,2017

The Board of Directors of Coffee Day Enterprises at its meeting held on 30 March 2017 has inter-alia approved draft disclosure documents for issue of rated, unlisted, secured, redeemable, non-convertible debentures of Rs 150 crore on private placement basis. The above mentioned issue of NCDs is for the purpose of replacing the existing debt.

Powered by Capital Market - Live News

Deep Industries scales record high after large bulk deal
Mar 30,2017

Meanwhile, the S&P BSE Sensex was up 74.59 points or 0.25% at 29,606.02

On the BSE, 22.09 lakh shares were traded on the counter so far as against the average daily volumes of 41,653 shares in the past one quarter. The stock hit a high of Rs 343.70 in intraday trade so far, which is record high for the counter. The stock hit a low of Rs 323.05 so far during the day. The stock had hit a 52-week low of Rs 135.10 on 29 March 2016.

The small-cap company has equity capital of Rs 32 crore. Face value per share is Rs 10.

Deep Industries net profit rose 32.76% to Rs 17.71 crore on 33.97% growth in net sales to Rs 70.59 crore in Q3 December 2016 over Q3 December 2015.

Deep Industries is engaged in business of oil and gas services, exploration and production.

Powered by Capital Market - Live News

Bharat Finance gains after completing securitization transaction
Mar 30,2017

The announcement was made after market hours yesterday, 29 March 2017.

Meanwhile, the S&P BSE Sensex was up 86.17 points or 0.29% at 29,617.60.

On the BSE, 2.48 lakh shares were traded on the counter so far as against the average daily volumes of 5.39 lakh shares in the past one quarter. The stock had hit a high of Rs 827.30 and a low of Rs 807.25 so far during the day. It had hit a 52-week high of Rs 938.75 on 29 July 2016 and a 52-week low of Rs 465.40 on 27 December 2016.

The large-cap company has equity capital of Rs 137.98 crore. Face value per share is Rs 10.

With the completion of the latest securitization transaction, the company has completed four securitization transactions aggregating to Rs 1075.86 crore in FY17. The entire pool qualifies for Priority Sector treatment as per the Reserve Bank of Indias Priority Sector lending guidelines.

The pool has been rated AA (SO) by a leading rating agency, signifying a high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

Bharat Financial Inclusions net profit rose 79.6% to Rs 142.82 crore on 32.4% growth in total income to Rs 454.87 crore in Q3 December 2016 over Q3 December 2015.

Bharat Financial Inclusion is among the largest microfinance companies in India with presence across 18 states covering 1 lakh villages.

Powered by Capital Market - Live News

Board of Jagjanani Textiles approves change in directorate
Mar 30,2017

The Board of Directors of Jagjanani Textiles at its meeting held on 29 March 2017 has approved the following -

Cessation of the following directors - Narendra Khurana (Independent Director), Ram Niwas Swami (Independent Director) and Shakuntala Vyas (Women Director).

Appointment of the following directors - Rajesh Chinubhai Shah (Independent Director), Shakti Singh Shekhawat (Independent Director) and Kavita Jain (Woman Director).

Powered by Capital Market - Live News

Moodys Assigns Baa3 to SBIs USD note drawdown
Mar 30,2017

Moodys Investors Service, (Moodys) has assigned a Baa3 rating to State Bank of Indias (SBI, Baa3 positive, ba1) proposed USD denominated senior unsecured notes, issued under its US$10 billion Medium-Term Note (MTN) program. The drawdown will be carried out from its London branch, and the bonds will be listed on the Singapore Stock Exchange.

The outlook on the ratings, where applicable, is positive.

The senior debt rating is subject to receipt of final documentation, the terms and conditions of which are not expected to change in any material way from the draft documents reviewed by Moodys.

RATINGS RATIONALE

The Baa3 foreign currency senior unsecured MTN debt rating is anchored on SBIs ba1 baseline credit assessment (BCA) and Moodys assessment of the likelihood of a very high level of support from the Indian government (Baa3 positive) in a stressed situation.

SBIs BCA of ba1 is underpinned by the banks solid franchise as Indias largest bank by assets and deposits, as well as its strong core earnings (pre-provisioning profits) profile and stable capital levels. While SBIs underlying asset quality has stabilized, the BCA also takes into consideration residual asset quality issues as a result of delayed recognition, and the associated impact of high credit costs on the banks profits as it devotes resources to rebuilding its provisioning coverage.

The banks final Baa3 rating incorporates a one-notch uplift due to Moodys assumption of the banks very high level of support from the Indian government in a stressed situation. The assumption of high support is based on a combination of its large size and critical role in Indias payment system, representing around 16.3% of system loans and 17.6% of system deposits as of end-March 2016, its nationwide reach, and the governments 60.18% stake in SBI.

What Could Change the Rating - Up

SBIs senior unsecured debt and deposit ratings could be upgraded if the India sovereign rating (Baa3, positive) is upgraded.

What Could Change the Rating - Down

SBIs BCA could face downward pressure if: (1) its NPL ratio increases substantially from current levels; and/or (2) if its core earnings fall and impacts its ability to support an increase in credit costs. Additionally, any indications that support from the Government of India has diminished, or that additional capital requirements may arise beyond the governments budgeted amount, could put the banks ratings under pressure. Any downward changes in the sovereigns ceilings could also affect the banks ratings.

Powered by Capital Market - Live News

STFC slips in volatile trade after raising funds
Mar 30,2017

The announcement was made after market hours yesterday, 29 March 2017.

Meanwhile, the S&P Sensex was up 96.90 points, or 0.33% at 29,628.33.

On the BSE, 11,000 shares were traded on the counter so far as against the average daily volumes of 41,013 shares in the past one quarter. The stock was volatile. The stock had hit a high of Rs 1,084.40 and a low of Rs 1,052 so far during the day.

The stock had hit a record high of Rs 1,325 on 1 August 2016 and a 52-week low of Rs 778 on 26 December 2016. The stock had outperformed the market over the past one month till 29 March 2017, advancing 14.29% compared with the Sensexs 2.74% rise. The scrip had also outperformed the market over the past one quarter advancing 27.56% as against the Sensexs 12.01% rise.

The large-cap company has equity capital of Rs 226.88 crore. Face value per share is Rs 10.

Shriram Transport Finance Company (STFC) said that the allotment committee non-convertible debentures (NCDs) of the company has approved and allotted 11,000 Secured Redeemable Rated Listed Non-Convertible Debenture of face value of Rs 10 lakh each, aggregating to Rs 1100 crore on private placement basis.

Shriram Transport Finance Companys net profit fell 7.8% to Rs 345.96 crore on 5.8% increase in total income to Rs 2717.43 crore in Q3 December 2016 over Q3 December 2015.

Shriram Transport Finance Company is one of the leading asset financing non-banking financial companies (NBFC) in India.

Powered by Capital Market - Live News

IndusInd Bank nudges higher after action from foreign funds
Mar 30,2017

Meanwhile, the S&P BSE Sensex was up 84.92 points or 0.29% at 29,616.35.

On the BSE, 5,422 shares were traded on the counter so far as against the average daily volumes of 1.49 lakh shares in the past one quarter. The stock had hit a high of Rs 1,414.95 and a low of Rs 1,399 so far during the day. It had hit a record high of Rs 1,425 on 28 March 2017 and a 52-week low of Rs 912 on 28 March 2016.

The large-cap bank has equity capital of Rs 598.15 crore. Face value per share is Rs 10.

Macquarie Bank sold 35.32 lakh shares of IndusInd Bank at Rs 1,409.50 in a bulk deal on the BSE on 29 March 2017. Tybourne Equity Master Fund bought 30.07 lakh shares. Goldman Sachs Investments Mauritius I sold 71.38 lakh shares at Rs 1,400.19 per share in a bulk deal on the NSE on 29 March 2017. Tybourne Equity Master Fund bought 42.38 lakh shares at Rs 1,400 a piece. Goldman Sachs Investments Mauritius I controlled 1.61% stake end December 2016.

Meanwhile, IndusInd Bank said it has extended its agreement with Lohia Industries by offering 3-wheeler financing in the e-rickshaw category. Lohia Auto Industries announced that IndusInd Bank would be its preferred financier for financing their electric three wheelers under the e-rickshaw category. This is in addition to the financing of diesel vehicles which the bank already provides.

Through this partnership IndusInd Bank will offer retail vehicle finance at attractive rates of interest to the customers of Lohia Auto, for all Lohia 3-wheeler electronic and diesel models. This partnership will simplify the process for customers to take up three-wheeler by providing loans which are hassle free and competitively priced. The announcement was made after market hours yesterday, 29 March 2017.

The memorandum of understanding (MoU) between IndusInd Bank and Lohia Auto Industries was signed in May 2016 for diesel vehicles and has now been extended to the electronic 3-wheeler segment. Since May 2016, IndusInd Bank has financed close to 7.10 lakh 3-wheeler vehicles as a part of this association.

IndusInd Banks net profit rose 29.2% to Rs 750.64 crore on 22.9% growth in total income to Rs 4716.13 crore in Q3 December 2016 over Q3 December 2015.

IndusInd Bank is a leading private sector bank in India.

Powered by Capital Market - Live News

Aurobindo Pharma gets final approval for Abacavir Sulfate and Lamivudine Tablets
Mar 30,2017

Aurobindo Pharma announced that the Company has received final approval from the US Food & Drugs Administration to manufacture Abacavir Sulfate and Lamivudine Tablets, 600 mg/ 300 mg. Aurobindos Abacavir Sulfate and Lamivudine Tablets are the AB rated generic equivalent of VIIV Healthcare Companys Epzicom Tablets. The product is being launched immediately.

Powered by Capital Market - Live News

Subros re-opens Manesar Plant
Mar 30,2017

Subros announced that its re-opened its Manesar Plant on 30 March 2017 after the fire incident which took place on 29 May 2016 severely impacting the building, plant & machinery, stocks and other assets.

Powered by Capital Market - Live News