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RPP Infra Projects surges after winning orders
Dec 28,2016

The announcement was made during trading hours today, 28 December 2016.

Meanwhile, the BSE Sensex was up 195.89 points, or 0.75%, to 26,409.33.

On the BSE, so far 6.20 lakh shares were traded in the counter, compared with average daily volumes of 46,048 shares in the past one quarter. The stock had hit a high of Rs 236 and a low of Rs 203 so far during the day.

The stock hit a record high of Rs 236 on 28 December 2016. The stock hit a 52-week low of Rs 102.10 on 20 January 2016. The stock had outperformed the market over the past 30 days till 27 December 2016, rising 7.08% compared with the 0.52% fall in the Sensex. The scrip had also outperformed the market in past one quarter, falling 4.24% as against Sensexs 7.35% decline.

The small-cap company has equity capital of Rs 22.60 crore. Face value per share is Rs 10.

RPP Infra Projects has received an order worth Rs 24.20 crore from Kamarajar Port for construction of container pre-stacking yard and other ancillary facilities. Further, the company received an order worth Rs 30 crore from Annai Infra Developers, Erode for Chennai Corporation to construct the integrated storm water drains in Virugambakkam and Arumbakkam water shed of Cooum Basin in expanded area of Chennai Corporation.

On a consolidated basis, net profit of RPP Infra Projects rose 5.74% to Rs 6.45 crore on 6.72% decline in net sales to Rs 85.74 crore in Q2 September 2016 over Q2 September 2015.

RPP Infra Projects is engaged in the business of infrastructure development such as highways, roads, bridges, civil construction works, irrigation and water supply projects and power plant.

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DLF allots equity shares
Dec 28,2016

DLF announced that the Committee of Directors has allotted Equity Shares upon exercise of Options by the employees under the Companys Employee Stock Option Scheme:

- Date of Allotment : December 27, 2016
- No. of Equity Shares (face value of Rs. 2/- each) : 19,084

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Nearly 1.2 Million People to Benefit from All-Weather Roads under US$ 235 Million Bihar Rural Roads Project, India
Dec 28,2016

The World Bank has approved a US$ 235 million credit for the Bihar Rural Roads Project to improve and effectively manage the states rural road network.

The project will support the construction of about 2,500 km of rural roads under the Mukhiya Mantri Gram Sampark Yojana (MMGSY). The roads will be constructed using cost-effective designs and will incorporate engineering measures that ensure road safety. The project will also suggest better contract management practices to avoid time and cost over-runs. This will gradually help transform the Rural Works Department (RWD) into a modern and high-performing road agency capable of building and maintaining its road assets on a sound technical and financial footing.

This project will provide all-weather road access to some 1.2 million people, most of whom belong to the poor and vulnerable sections of society (30 percent of the people who are to benefit live below the poverty line and about 48 percent of them are women). The project will generate direct employment of about 20 million person days for local laborers through a rural road construction and maintenance program. The Government of Bihar has made road connectivity to each habitation among its top seven priorities. In addition, its aim is to bring all parts of the state within five hours of travel time from the capital city of Patna. While Bihar has constructed about 60,000 km of rural roads in the last decade, nearly 49 percent of its people still lack access to an all-weather road.

Catalyzing connectivity and enhancing mobility is a critical plank for transforming rural India,n++ said Junaid Ahmad, World Bank Country Director in India. By investing in Bihars rural roads, this project is in fact tapping into the vast potential of the states agriculture and agro-based industries - a sector critical for higher non-farm employment opportunities and increases in rural wages.

An important aspect of the project will be the use of climate resilient and cost-effective engineering designs using local materials and industrial by-products. The project will also use the alluvial sand that accumulates on large tracts of arable land after floods. This is expected to save more than 25 percent in construction costs for rural roads, said Ashok Kumar, Highways Engineer and World Banks Task Team Leader for the project. The state Rural Works Department will also undertake a climate vulnerability assessment of the existing rural road network, with a focus on floods, and incorporate suitable remedial measures in its road design, construction, and maintenance program.

The RWD will prepare a road safety action plan for rural roads. Road safety engineering measures such as improved lane markings, protection structures, and road signs will be provided for. The project will also undertake simple road safety audits during the design and construction stage as well as consult with local communities to identify their requirements for any road safety enhancements.

In addition to providing all-weather roads, the project will help the Rural Works Department to preserve and upgrade existing road assets and strengthen its institutional effectiveness. This will facilitate inclusive growth, economic development and access to markets for rural Bihar, added Ashok Kumar.

The credit is from the International Development Association (IDA) - the World Banks concessionary lending arm - with a maturity of 25 years, including a 5-year grace period.

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Network18 Media & Investments leads gainers in A group
Dec 28,2016

Network18 Media & Investments jumped 9.61% to Rs 33.65 at 13:39 IST. The stock topped the gainers in the BSEs A group. On the BSE, 11.96 lakh shares were traded on the counter so far as against the average daily volumes of 1.77 lakh shares in the past two weeks.

Bharat Financial Inclusion surged 9.47% at Rs 568.10 after the company said Morgan Stanley Asia (Singapore), Morgan Stanley Mauritius Company increased stake in the company by 1.09% to 7.86% on Friday, 23 December 2016. The stock was second biggest gainer in A group. On the BSE, 12.84 lakh shares were traded on the counter so far as against the average daily volumes of 8.11 lakh shares in the past two weeks.

Mangalore Refinery & Petrochemicals (MRPL) advanced 8.62% to Rs 95.75. The stock was third biggest gainer in A group. On the BSE, 3.59 lakh shares were traded on the counter so far as against the average daily volumes of 1.20 lakh shares in the past two weeks.

Divis Laboratories gained 6.03% at Rs 836.50. The stock was fourth biggest gainer in A group. On the BSE, 5.53 lakh shares were traded on the counter so far as against the average daily volumes of 3.79 lakh shares in the past two weeks.

Mindtree rose 5.64% to Rs 514.50. The stock was fifth biggest gainer in A group. On the BSE, 79,000 shares were traded on the counter so far as against the average daily volumes of 62,000 shares in the past two weeks.

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Shares of Tera Software to list on NSE
Dec 28,2016

Tera Software has received the Trading Notice from the National Stock Exchange (NSE) Vide its letter dated 27 December 2016 for listing of its shares. And the listing shall be effective from 29 December 2016.

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RPP Infra Projects secured orders form Kamarajar Port and Chennai Corporation
Dec 28,2016

RPP Infra Projects has received order from Kamarajar Port for construction of container pre-staking yard and other ancillary facilities worth Rs 24.2 crore and work received from Annai Infra Developers, Erode for Chennai Corporation to construct the integrated storm water drains in Virugambakkam and Arumbakkam Water Shed of Cooum Basin in expanded area of Chennai Corporation for worth Rs 30 crore.

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Cabinet approves Road Connectivity Project for Left Wing Extremism Affected Areas
Dec 28,2016

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved a Centrally Sponsored Scheme namely Road Connectivity Project for Left Wing Extremism (LWE) Affected Areas to improve the rural road connectivity in the worst LWE affected districts from security angle.

The project will be implemented as a vertical under Pradhan Mantri Gram Sadak Yojana (PMGSY) to provide connectivity with necessary culverts and cross-drainage structures in 44 worst affected LWE districts and adjoining districts, critical from security and communication point of view. The roads will be operable throughout the year irrespective of all weather conditions.

Under the project, construction/upgradation of 5,411.81 km road and 126 bridges/Cross Drainage works will be taken up at an estimated cost of Rs.11,724.53 crore in the above district. The fund sharing pattern of LWE road project will be same as that of PMGSY i.e. in the ratio of 60:40 between the Centre and States for all States except for eight North Eastern and three Himalayan States (Jammu & Kashmir, Himachal Pradesh & Uttarakhand) for which it is 90:10. Ministry of Finance will have to allocate to Ministry of Rural Development Rs.7,034.72 crore for this project during the period of implementation 2016-17 to 2019-20.

Ministry of Rural Development will be the sponsoring Ministry as well as the implementing Ministry of this project. The likely duration of implementation of the project is four years from 2016-17 to 2019-20.

The Road Connectivity Project for LWE Affected Areas is envisaged in LWE States including the 35 worst affected LWE districts which account for 90% of total LWE violence in the country and 9 adjoining districts critical from security angle as per the inputs and lists of roads / districts provided by the Ministry of Home Affairs. The roads taken up under the scheme would include Other District Roads (ODRs), Village Roads (VRs) and upgradation of the existing Major District Roads (MDRs) that are critical from the security point of view. Bridges up to a span of 100 meters, critical from security angle would also be funded on these roads.

The PMGSY guideline does not permit construction/upgradation of MDRs. However, keeping special circumstances of LWE areas in view, MDRs would be taken up under the scheme as a special dispensation. The National Highways and the State Highways would be excluded from this project. The roads to be constructed under the scheme have been identified by the Ministry of Home Affairs in close consultation with the State Governments and the security agencies, by following a process of extensive consultation.

Background:

Pradhan Mantri Gram Sadak Yojana (PMGSY) was launched on 25th December, 2000 as a Centrally Sponsored Scheme with the objective to provide all-weather road connectivity to all eligible unconnected habitations in rural areas of the country. The programme envisages connecting all eligible unconnected habitations with a population of 500 persons and above (as per 2001 Census) in plain areas and 250 persons and above (as per 2001 Census) in Special Category States namely Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, Himachal Pradesh, Jammu & Kashmir and Uttarakhand, Tribal (Schedule-V) areas, the Desert Areas (as identified in Desert Development Programme) and in Select Tribal and Backward Districts (as identified by the Ministry of Home Affairs/Planning Commission). For most intensive Integrated Action Plan (IAP) blocks as identified by Ministry of Home Affairs the unconnected habitations with population of100 and above (as per 2001 Census) are eligible to be covered under PMGSY.

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Cabinet approves Road Connectivity Project for Left Wing Extremism Affected Areas
Dec 28,2016

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved a Centrally Sponsored Scheme namely Road Connectivity Project for Left Wing Extremism (LWE) Affected Areas to improve the rural road connectivity in the worst LWE affected districts from security angle.

The project will be implemented as a vertical under Pradhan Mantri Gram Sadak Yojana (PMGSY) to provide connectivity with necessary culverts and cross-drainage structures in 44 worst affected LWE districts and adjoining districts, critical from security and communication point of view. The roads will be operable throughout the year irrespective of all weather conditions.

Under the project, construction/upgradation of 5,411.81 km road and 126 bridges/Cross Drainage works will be taken up at an estimated cost of Rs.11,724.53 crore in the above district. The fund sharing pattern of LWE road project will be same as that of PMGSY i.e. in the ratio of 60:40 between the Centre and States for all States except for eight North Eastern and three Himalayan States (Jammu & Kashmir, Himachal Pradesh & Uttarakhand) for which it is 90:10. Ministry of Finance will have to allocate to Ministry of Rural Development Rs.7,034.72 crore for this project during the period of implementation 2016-17 to 2019-20.

Ministry of Rural Development will be the sponsoring Ministry as well as the implementing Ministry of this project. The likely duration of implementation of the project is four years from 2016-17 to 2019-20.

The Road Connectivity Project for LWE Affected Areas is envisaged in LWE States including the 35 worst affected LWE districts which account for 90% of total LWE violence in the country and 9 adjoining districts critical from security angle as per the inputs and lists of roads / districts provided by the Ministry of Home Affairs. The roads taken up under the scheme would include Other District Roads (ODRs), Village Roads (VRs) and upgradation of the existing Major District Roads (MDRs) that are critical from the security point of view. Bridges up to a span of 100 meters, critical from security angle would also be funded on these roads.

The PMGSY guideline does not permit construction/upgradation of MDRs. However, keeping special circumstances of LWE areas in view, MDRs would be taken up under the scheme as a special dispensation. The National Highways and the State Highways would be excluded from this project. The roads to be constructed under the scheme have been identified by the Ministry of Home Affairs in close consultation with the State Governments and the security agencies, by following a process of extensive consultation.

Background:

Pradhan Mantri Gram Sadak Yojana (PMGSY) was launched on 25th December, 2000 as a Centrally Sponsored Scheme with the objective to provide all-weather road connectivity to all eligible unconnected habitations in rural areas of the country. The programme envisages connecting all eligible unconnected habitations with a population of 500 persons and above (as per 2001 Census) in plain areas and 250 persons and above (as per 2001 Census) in Special Category States namely Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, Himachal Pradesh, Jammu & Kashmir and Uttarakhand, Tribal (Schedule-V) areas, the Desert Areas (as identified in Desert Development Programme) and in Select Tribal and Backward Districts (as identified by the Ministry of Home Affairs/Planning Commission). For most intensive Integrated Action Plan (IAP) blocks as identified by Ministry of Home Affairs the unconnected habitations with population of100 and above (as per 2001 Census) are eligible to be covered under PMGSY.

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Super Crop Safe gets approval for manufacture of certain formulations
Dec 28,2016

Super Crop Safe has received the consent and authorization of Gujarat Pollution Contral Board valid up to 22 March 2021. The Board has given consent for operation of industrial plant for manufacture of the following items / products by formulation only -

Dust Formulation - 625 MT/ month
Liquid Formulation - 166.5 MT/month
Granule Formulation - 320 MT/ month
DDVP Technical - 100 MT/ year

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Cadila Healthcare gains after clarification on media reports
Dec 28,2016

Meanwhile, the S&P BSE Sensex was up 154.26 points or 0.59% at 26,367.70.

On the BSE, 50,000 shares were traded on the counter so far as against the average daily volumes of 57,791 shares in the past one quarter. The stock had hit a high of Rs 358.70 and a low of Rs 343.50 so far during the day.

The stock had hit a 52-week high of Rs 429.45 on 1 November 2016 and a 52-week low of Rs 295.50 on 18 January 2016. It had underperformed the market over the past one month till 27 December 2016, sliding 13.66% compared with the Sensexs 0.39% fall. The scrip had also underperformed the market in the past one quarter, declining 12.01% as against the Sensexs 7.12% fall.

The large-cap company has equity capital of Rs 102.37 crore. Face value per share is Rs 1.

Cadila Healthcare in its clarification issued to the stock exchanges during market hours today, 28 December 2016, said that Zydus Discovery DMCC, a 100% subsidiary of Cadila Healthcare has received an untitled letter and not a warning letter from the United States Food and Drug Administration (USFDA), as being projected in media reports.

The letter is related to a product promotion of a drug which is not marketed in the US and is currently marketed only in India. Cadila Healthcare said it has taken necessary actions to respond to the letter.

Cadila Healthcares consolidated net profit fell 28.9% to Rs 337.60 crore on 3.1% increase in net sales to Rs 2336.30 crore in Q2 September 2016 over Q2 September 2015.

Cadila Healthcare is a global pharmaceutical company that discovers, manufactures and markets a broad range of healthcare therapies.

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Volumes jump at RPP Infra Projects counter
Dec 28,2016

RPP Infra Projects clocked volume of 5.42 lakh shares by 12:30 IST on BSE, a 10.97-times surge over two-week average daily volume of 49,000 shares. The stock rose 17.18% to Rs 230.50.

Godfrey Phillips India notched up volume of 2.22 lakh shares, a 8.60-fold surge over two-week average daily volume of 26,000 shares. The stock rose 6.38% to Rs 1,062.70.

Reliance Defence and Engineering saw volume of 1.27 crore shares, a 8.36-fold surge over two-week average daily volume of 15.30 lakh shares. The stock rose 2.51% to Rs 55.10.

Asahi India Glass clocked volume of 12.19 lakh shares, a 6-fold surge over two-week average daily volume of 2.03 lakh shares. The stock rose 2.54% to Rs 179.50.

Upper Ganges Sugar & Industries saw volume of 1.77 lakh shares, a 3.37-fold rise over two-week average daily volume of 53,000 shares. The stock rose 9.99% to Rs 293.95.

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Granules India allots equity shares
Dec 28,2016

Granules India has allotted 39,17,454 equity shares of face value of Re. 1/- each fully paid-up pursuant to exercise of right for conversion of warrants into equity shares.

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Board of Cupid to consider proposal for raising funds
Dec 28,2016

Cupid announced that a meeting of the Board of Directors will be held on 05 January 2017, inter alia, to consider and discuss the following items:

1. Proposal for raising funds through issue of securities.

2. Increase in authorised capital of the Company.

3. Calling for an Extraordinary General Meeting for obtaining the shareholders approval for the above matters.

4. Such other incidental or ancillary issue which may be required in this regard.

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IDFC Bank to consider Q3 and 9M results
Dec 28,2016

IDFC Bank announced that the Board Meeting of the Bank will be held on 25 January 2017, inter alia, to discuss and approve the Unaudited Financial Results (subjected to Limited Review by Auditors) for the quarter and nine months ending 31 December 2016.

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Kaushalya Infrastructure Development Corpn to appoint director
Dec 28,2016

Kaushalya Infrastructure Development Corpn announced that the meeting of the Board of Directors of the Company will be held on 30 December 2016, inter alia, to consider following businesses:

- To appoint Asoke Das as a Non-Executive Additional Independent Director of the Company w.e.f. 30 December 2016.

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