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ICICI Bank gains on strong demand for ICICI Prudential IPO
Sep 22,2016

Meanwhile, the S&P BSE Sensex was up 234.18 points, or 0.82%, to 28,741.60

On BSE, so far 9.62 lakh shares were traded in the counter, compared with average daily volume of 12.96 lakh shares in the past one quarter. The stock hit a high of Rs 277.50 and a low of Rs 273.40 so far during the day. The stock hit a 52-week high of Rs 292.65 on 16 October 2015. The stock hit a 52-week low of Rs 180.80 on 26 February 2016. The stock had outperformed the market over the past 30 days till 21 September 2016, advancing 7.8% compared with 1.85% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 11.96% as against Sensexs 5.57% rise.

The large-cap company has an equity capital of Rs 1163.66 crore. Face value per share is Rs 2.

The initial public offer (IPO) of ICICI Prudential Life Insurance Company (ICICI Prudential) ended with strong demand from investors. The issue received bids for 138.77 crore shares and it was subscribed 10.48 times. The qualified institutional buyers (QIBs) category was subscribed 11.83 times. The non-institutional investors category, made up of high-net worth individuals, was subscribed 28.55 times. The retail investors category was subscribed 1.42 times. The bidding for the IPO concluded on 21 September 2016. The IPO had opened for bidding on 19 September 2016. The price band for the IPO was Rs 300 to Rs 334 per share.

The IPO comprised sale of up to 18.13 crore equity shares of ICICI Prudential, representing about 12.63% of its equity share capital for cash, through an offer for sale (OFS) by ICICI Bank. The entire proceeds from the OFS will be paid to ICICI Bank.

Ahead of the IPO, ICICI Prudential raised Rs 1635.33 crore by selling 4.89 crore shares to 38 anchor investors. The shares were allotted to the anchor investors at Rs 334 per share, the top end of the Rs 300 to Rs 334 per share price band for the IPO. Anchor investors allotted shares of ICICI Prudential included Morgan Stanley Mauritius Company, Government of Singapore, UTI Trustee Co, SBI Trustee Co, Birla Sun Life Trustee Company among others.

ICICI Prudential is the largest private sector life insurer in India by total premium and assets under management at 31 March 2016.

ICICI Banks net profit fell 24.99% to Rs 2232.35 crore on 6.06% increase in total income to Rs 16759.51 crore in Q1 June 2016 over Q1 June 2015.

ICICI Bank is one of the leading private sector banks in India.

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GAIL (India), IOCL gain after picking stake in upcoming Dhamra LNG terminal
Sep 22,2016

The announcement was made during market hours today, 22 September 2016.

Meanwhile, the BSE Sensex was up 290.38 points, or 1.02%, to 28,797.80.

GAIL (India) rose 1.71% to Rs 393.50. Indian Oil Corporation (IOCL) gained 0.78% to Rs 575.60.

GAIL (India) and IOCL announced signing a memorandum of understanding (MoU) with Dhamra LNG Terminal (DLTPL) for taking equity in the 5 million metric tonnes per annum (MMTPA) capacity liquified natural gas (LNG) receiving, storage and regasification terminal being put up at Dhamra Port, Odisha. As per the MoU, DLTPL shall be an equal joint venture (JV) of IOCL and GAIL (India) on one hand and Adani Group on the other. IOCL and GAIL (India) would acquire 39% and 11% equity respectively in DLTPL with the balance 50% being held by Adani group. Going forward, IOCL and Adani group will each divest 1% of their respective stake to a credible financial institution which will then have 2% stake in the terminal. Apart from equity, IOCL and GAIL (India) intend to book regasification capacity of 3 and 1.5 MMTPA respectively in the terminal.

The development comes in the backdrop of Governments consistent focus on undertaking welfare and growth measures in eastern India so as to bring this hitherto underdeveloped region into the economic mainstream of the country.

Presently, the states in eastern India viz. Odisha, Bihar, Jharkhand and West Bengal are not able to get the benefits of natural gas in sectors like domestic, transport, industries etc., as the region does not have gas infrastructure by way of LNG Terminals and cross-country gas pipeline grid. The LNG Terminal at Dhamra would provide the potential customers in these states a clean and economically viable alternative which will also help in reducing the carbon footprint. This will also provide momentum to the economic growth of this region by attracting new industrial projects.

The LNG Terminal would also meet the gas requirements of three oil refineries of IOCL situated in Barauni, Haldia and Paradip. The three fertilizers plants at Barauni, Sindri and Gorakhpur which are being revived by Govt. of India will also benefit from this terminal. The natural gas from the terminal would also be supplied to various City Gas Distribution networks coming up in eastern India, which in turn would cater to the requirements of piped gas for households, CNG for automobiles and clean fuel requirements of commercial establishments and industries. It is, therefore, expected that once operational, Dhamra LNG terminal will emerge as a bridge to prosperity for the entire eastern India.

GAIL (India)s net profit jumped 244% to Rs 1335.18 crore on 14.6% decline in net sales to Rs 10686.58 crore in Q1 June 2016 over Q1 June 2015.

State-run GAIL (India) is Indias largest natural gas company with a market share of over 80% in natural gas transmission. Apart from natural gas transmission, distribution and processing, GAIL has diversified business interests in LPG transmission, petrochemicals, city gas projects and exploration and production activities. Government of India (GoI) holds 56.11% stake in GAIL (as per shareholding pattern as on 30 June 2016).

IOCLs net profit rose 25.5% to Rs 8268.98 crore on 15.3% fall in net sales to Rs 85655.31 crore in Q1 June 2016 over Q1 June 2015.

IOCL is Indias flagship national oil company, with business interests that straddle the entire hydrocarbon value chain - from refining, pipeline transportation and marketing of petroleum products to exploration & production of crude oil & gas as well as marketing of natural gas and petrochemicals. The Government of India held 58.28% stake in IOCL (as per the shareholding pattern as on 30 June 2016).

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Syngene International scales record high after completing acquisition deal with Strand Life Sciences
Sep 22,2016

The announcement was made after market hours yesterday, 21 September 2016.

Meanwhile, the S&P BSE Sensex was up 268.83 points, or 0.94%, to 28,776.25

On BSE, so far 66,000 shares were traded in the counter, compared with average daily volume of 27,623 shares in the past one quarter. The stock hit a high of Rs 524.45 in intraday trade so far, which is record high for the counter. The stock hit a low of Rs 500 so far during the day. The stock hit a 52-week low of Rs 315 on 23 September 2015. The stock had outperformed the market over the past 30 days till 21 September 2016, advancing 13.41% compared with 1.85% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 20.23% as against Sensexs 5.57% rise.

The mid-cap company has equity capital of Rs 200 crore. Face value per share is Rs 10.

Syngene International and Strand Life Sciences, yesterday, 21 September 2016, announced that they have completed a deal through which Syngene International has purchased assets of Strand Life Sciences related to systems biology, Heptox and pharma bioinformatics services. This includes target dossier business and rights to NGS data analytics and Sarchitect platforms, supported by a strong scientific team, as per the joint press release issued by Syngene International and Strand Life Sciences. Financial details of the deal were not disclosed. This deal gives Syngene access to Strands patented Virtual Liver model and the NGS analytics platform. The Virtual Liver model is able to predict the toxic effect of different drugs or chemicals on the liver (both rat and human) using information from laboratorybased experiments prior to actual testing on live animals or humans, the two companies said. Strand NGS is an integrated platform that provides analysis, management and visualization tools for next-generation sequencing data.

Bioinformatics is a rapidly emerging area that promises tremendous growth potential. Companies involved in pharmaceutical, cosmetics, FMCG and agro-biotech R&D have strong focus on genomics, and need sound bioinformatics applications and platforms for developing better therapeutics and products. According to Transparency Market Research, the global bioinformatics market was estimated at $2.3 billion in 2012 and is forecasted to reach a market size of $9.1 billion in 2018, at a CAGR of 25.4%.

Syngene Internationals net profit rose 28.33% to Rs 59.80 crore on 17.92% rise in net sales to Rs 269.20 crore in Q1 June 2016 over Q1 June 2015.

Promoted by Biocon, Syngene International is a leading India-based contract research organization (CRO) offering a suite of integrated and end-to-end discovery and development services for novel molecular entities (NMEs) across industrial sectors. Biocon holds 74.55% stake in Syngene, as per the shareholding pattern as on 30 June 2016.

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Godrej Properties gains after acquiring land to build housing project
Sep 22,2016

The announcement was made after market hours yesterday, 21 September 2016.

Meanwhile, the BSE Sensex was up 290.38 points, or 1.02%, to 28,797.80.

On BSE, so far 8,670 shares were traded in the counter, compared with average daily volume of 56,297 shares in the past one quarter. The stock hit a high of Rs 345.95 and a low of Rs 340.20 so far during the day. The stock hit a 52-week high of Rs 386 on 9 August 2016. The stock hit a 52-week low of Rs 266.40 on 29 February 2016. The stock had underperformed the market over the past one month till 21 September 2016, falling 6.91% compared with 1.53% rise in the Sensex. The scrip had also underperformed the market in past one quarter, dropping 0.25% as against Sensexs 6.32% rise.

The mid-cap company has equity capital of Rs 108.18 crore. Face value per share is Rs 5.

Godrej Properties announced that it has acquired a land parcel measuring around 12 acres off Sarjapur Road in South Bangalore. The company plans to develop a residential housing project of approximately 92,900 square meters or around one million square feet. This project will be developed in partnership with Godrej Residential Investment Program II (GRIP II). This is the second project under GRIP II, the $275 million fund which was announced by the company in March 2016.

Godrej Properties had announced on 21 March 2016 that it had created a dedicated real estate funds management business in India and Singapore namely, Godrej Fund Management (GFM). GFM raised a $275 million or Rs 1900 crore pool of capital, Godrej Residential Investment Program II (GRIP II) with Dutch pension fund asset manager APG Asset Management N.V. (APG) as the lead investor. GFM advises GRIP II investors on investments into a residential development platform with Godrej Properties in India.

Godrej Properties consolidated net profit rose 9.2% to Rs 43.48 crore on 87.6% rise in net sales to Rs 234.76 crore in Q1 June 2016 over Q1 June 2015.

Godrej Properties is a real estate company.

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HDFC gains after announcing plans to raise funds
Sep 22,2016

The announcement was made after market hours yesterday, 21 September 2016.

Meanwhile, the S&P BSE Sensex was up 328.50 points or 1.15% at 28,835.92.

On BSE, so far 4,847 shares were traded in the counter as against average daily volume of 1.54 lakh shares in the past one quarter. The stock hit a high of Rs 1,418 and a low of Rs 1,406.15 so far during the day. The stock had hit a record high of Rs 1,463.25 on 7 September 2016. The stock had hit a 52-week low of Rs 1,012 on 25 February 2016. The stock had outperformed the market over the past one month till 21 September 2016, advancing 1.65% compared with 1.53% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 12.48% as against Sensexs 6.32% rise.

The large-cap company has equity capital of Rs 316.71 crore. Face value per share is Rs 2.

HDFC announced that the company intends to raise Rs 1340 crore through issue of senior, secured, redeemable, non-convertible debentures on private placement basis. HDFC said that the debentures of face value of Rs 1 crore will carry a coupon rate of 7.67% per annum and will have a tenor of 1 year 2 months. The object of the issue is to augment the long term resources of the company. The proceeds of the issue would be utilised for financing/refinancing the housing finance business requirements of the company. The issue will open on 23 September 2016 and closes on the same day.

HDFCs net profit rose 37.5% to Rs 1870.73 crore on 19.4% growth in total income to Rs 8393.33 crore in Q1 June 2016 over Q1 June 2015.

HDFC is Indias first retail housing finance company and is currently one of the largest originators of housing loans in the country.

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Union Bank of India gains after completing stake acquisition in two joint ventures
Sep 22,2016

The announcement was made after market hours yesterday, 21 September 2016.

Meanwhile, the S&P BSE Sensex was up 323.46 points or 1.13% at 28,830.88

On BSE, so far 68,000 shares were traded in the counter as against average daily volume of 6.83 lakh shares in the past one quarter. The stock hit a high of Rs 147.50 and a low of Rs 144.10 so far during the day. The stock had hit a 52-week low of Rs 104.05 on 29 February 2016. The stock had hit a 52-week high of Rs 188.50 on 8 October 2015. The stock had underperformed the market over the past 30 days till 21 September 2016, advancing 4.39% compared with 1.85% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 12% as against Sensexs 5.57% rise.

The mid-cap bank has equity capital of Rs 687.44 crore. Face value per share is Rs 10.

Union Bank of India said that it has completed the acquisition of 49% shareholding of Union KBC Asset Management Company and Union KBC Trustee Company from KBC Participations Renta S.A. and its affiliates (KBC Asset Management NV) on 20 September 2016. Accordingly, Union KBC Asset Management Company and Union KBC Trustee Company have become wholly owned subsidiaries of Union Bank of India.

Last year, the board of Union Bank of India approved purchase of 49% stake in Union KBC Asset Management and Union KBC Trustee Company from KBC Participations Renta. KBC Participations Renta is a group company of Luxembourg-based KBC Asset Management NV.

Union Bank of India and KBC Asset Management NV had formed two joint ventures - Union KBC Asset Management Company and Union KBC Trustee Company - in 2009 with 51% and 49% holding, respectively.

Union Bank of Indias net profit fell 67.9% to Rs 166.32 crore on 1.4% decline in total income to Rs 8916.51 crore in Q1 June 2016 over Q1 June 2015.

Union Bank of India is one of largest state-owned banks in India. The Government of India (GoI) held 63.44% in Union Bank of India (as per the shareholding pattern as on 30 June 2016).

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IDBI Bank gains after divesting stake in NSE
Sep 22,2016

The announcement was made after market hours yesterday, 21 September 2016.

Meanwhile, the S&P BSE Sensex was up 316.29 points, or 1.11%, to 28,823.71

On BSE, so far 1.85 lakh shares were traded in the counter compared with average daily volume of 7.54 lakh shares in the past one quarter. The stock hit a high of Rs 76.50 and a low of Rs 74.50 so far during the day. The stock hit a 52-week high of Rs 95.70 on 3 December 2015. The stock hit a 52-week low of Rs 47.40 on 12 February 2016.

The large-cap state-run bank has equity capital of Rs 2058.82 crore. Face value per share is Rs 10.

IDBI Banks net profit rose 78.35% to Rs 241.10 crore on 4% growth in total income to Rs 8219.43 crore in Q1 June 2016 over Q1 June 2015.

The Government of India currently holds 73.98% stake in IDBI Bank (as per the shareholding pattern as on 30 June 2016).

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Stampede Capital advances after bulk deal
Sep 21,2016

Meanwhile, the S&P BSE Sensex was down 13.41 points, or 0.05%, to 28,509.79

Bulk deal boosted volume on the scrip. On BSE, so far 15.04 lakh shares were traded in the counter, compared with an average volume of 7.10 lakh shares in the past one quarter. The stock hit a high of Rs 41.40 hit a low of Rs 38.50 so far during the day. The stock hit a 52-week high of Rs 51.40 on 3 December 2015. The stock hit a 52-week low of Rs 32.50 on 20 January 2016. The stock had underperformed the market over the past 30 days till 20 September 2016, falling 4.64% compared with 1.92% rise in the Sensex. The scrip also underperformed the market in past one quarter, sliding 14.88% as against Sensexs 6.57% rise.

The small-cap firm has an equity capital of Rs 22.90 crore. Face value per share is Re 1.

Stampede Capitals consolidated net profit rose 42.73% to Rs 18.17 crore on 121.9% rise in total income to Rs 71.34 crore in Q1 June 2016 over Q1 June 2015.

Stampede Capital provides securities trading and broking services.

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GAIL (India) gains after CCEA approves viability gap funding for gas pipeline project
Sep 21,2016

Meanwhile, the S&P BSE Sensex was down 26.90 points or 0.09% at 28,496.30.

On BSE, so far 1.2 lakh shares were traded in the counter as against average daily volume of 1.51 lakh shares in the past one quarter. The stock hit a high of Rs 392.30 and a low of Rs 386.30 so far during the day. The stock had hit a 52-week high of Rs 407.80 on 7 September 2016. The stock had hit a 52-week low of Rs 276.45 on 10 November 2015. The stock had outperformed the market over the past one month till 20 September 2016, gaining 5.97% compared with 1.59% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, rising 0.08% as against Sensexs 6.16% rise.

The large-cap company has equity capital of Rs 1268.48 crore. Face value per share is Rs 10.

The Cabinet Committee on Economic Affairs (CCEA) today, 21 September 2016, approved viability gap funding/partial capital grant at 40% or Rs 5176 crore of the estimated capital cost of Rs 12940 crore to GAIL (India) for development of 2,539 kilometers (KM) long Jagdishpur-Haidia and Bokaro-Dhamra Gas Pipeline (JHBDPL) project. JHBDPL project will connect Eastern part of the country with National Gas Grid. Further, the CCEA approved the simultaneous development of city gas distribution (CGD) networks in few cities like Varanasi, Patna, Ranchi, Jamshedpur, Bhubaneswar, Kolkata, Cuttack etc en-route of JHBDPL project. These distribution networks will be developed by GAIL (India) in collaboration with the concerned state governments.

Separately, GAIL (India) announced that it has successfully started its first UNIPOL polyethylene process line in Pata. The announcement was made during market hours today, 21 September 2016. GAIL (India) said that UNIPOL polyethylene (PE) process line has the capacity to produce 4 lakh tons of PE per year. The total production capacity of GAILs petrochemical plant at Pata, Uttar Pradesh is now 8.1 lakh tonnes per annum. GAILs flexible high-density polyethylene (HDPE)/linear low-density polyethylene (LLDPE) swing plant provides access to a full range of resin applications which will allow GAIL and its customers to capture new market opportunities as PE market demands are changing.

The new process line gives GAIL the platform to expand its PE product capabilities, providing Indian PE converters with the high quality, domestically produced resin products needed for both large-volume markets as well as advanced performance applications.

GAIL (India)s net profit jumped 244% to Rs 1335.18 crore on 14.6% decline in net sales to Rs 10686.58 crore in Q1 June 2016 over Q1 June 2015.

State-run GAIL (India) is Indias largest natural gas company with a market share of over 80% in natural gas transmission. Apart from natural gas transmission, distribution and processing, GAIL has diversified business interests in LPG transmission, petrochemicals, city gas projects and exploration and production activities. Government of India (GoI) holds 56.11% stake in GAIL (as per shareholding pattern as on 30 June 2016).

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MCX gains after signing MoU with Mozambique Commodities Exchange
Sep 21,2016

The announcement was made during market hours today, 21 September 2016.

Meanwhile, the S&P BSE Sensex was up 19.02 points or 0.07% at 28,542.22

On BSE, so far 61,000 shares were traded in the counter as compared with average daily volume of 46,235 shares in the past one quarter. The stock hit a high of Rs 1,038 and a low of Rs 1,005 so far during the day. The stock had hit a 52-week high of Rs 1,115.90 on 28 July 2016. The stock had hit a 52-week low of Rs 726 on 12 February 2016. The stock had underperformed the market over the past 30 days till 20 September 2016, rising 1.62% compared with 1.92% rise in the Sensex. The scrip also underperformed the market in past one quarter, gaining 3.55% as against Sensexs 6.57% rise.

The mid-cap company has equity capital of Rs 51 crore. Face value per share is Rs 10.

Multi Commodity Exchange of India (MCX) and the Mozambique Commodities Exchange (also known as Bolsa De Mercadorias De Mocambique, or BMM), yesterday, 20 September 2016 signed a Memorandum of Understanding (MoU) for strategic co-operation. BMM envisages to develop Mozambican commodity markets ecosystem consisting of energy, base metals and agricultural products in an endeavor to deliver better value to the stakeholders. MCX intends to work with BMM to help Mozambique realize its potential behind its resource rich economy through sharing its market, institutional, and capacity development expertise. The exchanges aim to continue facilitating potential collaboration in areas such as sharing of knowledge, research, experiences etc., which is expected to result in opening up of new avenues of mutual cooperation.

Multi Commodity Exchange of India (MCX)s net profit rose 54.55% to Rs 32.81 crore on 23.13% rise in total income to Rs 93.79 crore in Q1 June 2016 over Q1 June 2015.

MCX is Indias first listed, national-level, electronic, commodity futures exchange with permanent recognition from the Government of India.

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Fiem Industries extends gains after raising funds
Sep 21,2016

Meanwhile, the S&P BSE Sensex was down 38.42 points or 0.13% at 28,484.78.

On BSE, so far 6,100 shares were traded in the counter as against average daily volume of 8,083 shares in the past one quarter. The stock hit a high of Rs 1,081 and a low of Rs 1,060.20 so far during the day. The stock had hit a record high of Rs 1,140 on 9 September 2016. The stock had hit a 52-week low of Rs 512.25 on 22 September 2015. The stock had underperformed the market over the past one month till 20 September 2016, gaining 0.49% compared with 1.59% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 26.65% as against Sensexs 6.16% rise.

The small-cap company has equity capital of Rs 11.96 crore. Face value per share is Rs 10.

Shares of Fiem Industries rose 0.92% to settle at Rs 1,057.65 yesterday, 20 September 2016 after the company said that the fund raising committee of the board of directors at a meeting held on 19 September 2016 approved the allotment of 11.97 lakh equity shares of face value of 10 each to qualified institutional buyers at the issue price of Rs 1,002 per share, aggregating to Rs 119.99 crore. The announcement was made by the company after market hours on 19 September 2016.

Fiem Industries net profit rose 20.4% to Rs 11.46 crore on 19.6% growth in net sales to Rs 241.53 crore in Q1 June 2016 over Q1 June 2015.

Fiem Industries is one of the leading manufacturers of automotive lighting & signaling equipment and rear view mirror.

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Indoco Remedies gains after acquiring manufacturing plant at Baddi
Sep 21,2016

The announcement was made during trading hours today, 21 September 2016.

Meanwhile, the S&P BSE Sensex was down 35.20 points, or 0.12%, to 28,488

On BSE, so far 30,000 shares were traded in the counter, compared with average daily daily volume of 8,965 shares in the past one quarter. The stock hit a high of Rs 349 and a low of Rs 329 so far during the day. The stock had hit a 52-week high of Rs 360.35 on 7 September 2016. The stock had hit a 52-week low of Rs 244 on 25 February 2016. The stock had outperformed the market over the past 30 days till 20 September 2016, rising 9.91% compared with 1.92% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 26.64% as against Sensexs 6.57% rise.

The mid-cap company has equity capital of Rs 18.43 crore. Face value per share is Rs 2.

Indoco Remedies said that the manufacturing facility at Baddi, Himachal Pradesh is spread over an area of 18,000 sq.mt, out of which 11,000 sq.mt. is the built-up area. It produces 4.3 billion tablets and 50 million capsules per annum. The acquired manufacturing site is close to the companys existing manufacturing plant in Baddi, Himachal Pradesh, Indoco Remedies said. Baddi will thus be another manufacturing hub for Indoco Remedies solid dosages business in the regulated markets, the company said. With this acquisition, Indoco Remedies will now have 6 facilities for finished dosages and 3 for active pharmaceutical ingredient (APIs). Out of these, 3 facilities for finished dosages, including sterile plant and 2 facilities for API manufacturing are US Food and Drug Administration (USFDA) approved, it added.

Indoco Remedies net profit declined 4.95% to Rs 19.79 crore on 15.79% rise in net sales to Rs 252.72 crore in Q1 June 2016 over Q1 June 2015.

Indoco Remedies is a fully integrated, research-oriented pharma vompany with presence in 55 countries.

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Rail stocks gain on buzz of cabinet approval for merger of rail and Union budget
Sep 21,2016

Meanwhile, the S&P BSE Sensex was up 44.52 points or 0.16% at 28,567.32.

NELCO (up 1.02%), Kalindee Rail Nirman (up 2.45%), Titagarh Wagons (up 3.54%), Stone India (up 4.56%), Texmaco Rail & Engineering (up 1.98%), Zicom Electronic Security Systems (up 1.65%), Kernex Microsystems (up 2.93%), and BEML (up 0.06%) gained. Hind Rectifiers fell 1.71%.

The Union Cabinet today, 21 September 2016, reportedly cleared a proposal for merger of the Railway Budget with the Union Budget. The Cabinet also reportedly cleared a proposal to remove the distinction between plan and non-plan expenditure in Budget. The government has also advanced the date for Budget presentation, according to reports. However, it is yet to announce the date.

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Axis Bank gains after bulk deal
Sep 21,2016

Meanwhile, the S&P BSE Sensex was up 44.52 points or 0.16% at 28,567.32

Bulk deal boosted volume on the scrip. On BSE, so far 26.71 lakh shares were traded in the counter as against average daily volume of 6.91 lakh shares in the past one quarter. The stock hit a high of Rs 600 and a low of Rs 594.80 so far during the day. The stock had hit a 52-week high of Rs 638 on 7 September 2016. The stock had hit a 52-week low of Rs 366.65 on 18 January 2016. The stock had outperformed the market over the past 30 days till 20 September 2016, rising 2.21% compared with 1.92% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 14.92% as against Sensexs 6.57% rise.

The large-cap private sector bank has equity capital of Rs 477.89 crore. Face value per share is Rs 2.

Axis Banks net profit fell 21.38% to Rs 1555.53 crore on 13.22% growth in total income to Rs 13852.18 crore in Q1 June 2016 over Q1 June 2015.

Axis Bank is one of the biggest private sector banks in India.

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Volumes jump at KSB Pumps counter
Sep 21,2016

KSB Pumps clocked volume of 1.61 lakh shares by 13:20 IST on BSE, a 173.62-times surge over two-week average daily volume of 1,000 shares. The stock was up 0.01% at Rs 616.60.

Gokaldas Exports notched up volume of 11.18 lakh shares, a 10.12-fold surge over two-week average daily volume of 1.11 lakh shares. The stock surged 16.55% at Rs 83.80.

Welspun Enterprises saw volume of 13.14 lakh shares, a 9.82-fold surge over two-week average daily volume of 1.34 lakh shares. The stock jumped 7.52% at Rs 67.90.

Prabhat Dairy clocked volume of 6.14 lakh shares, a 9.47-fold surge over two-week average daily volume of 65,000 shares. The stock was locked at 20% upper circuit at Rs 118.20.

Vivimed Labs saw volume of 5.76 lakh shares, a 8.04-fold rise over two-week average daily volume of 72,000 shares. The stock surged 10.01% at Rs 87.90.

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