My Application Form Status

Check the status of your application form with Angel Broking.
HDFC Bank gains after raising funds through debenture issue
Sep 22,2016

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

Meanwhile, the S&P BSE Sensex was down 121.23 points or 0.43% at 27,794.66.

On BSE, so far 78,132 shares were traded in the counter as against average daily volume of 1.15 lakh shares in the past one quarter. The stock hit high of Rs 1,315.55 and low of Rs 1,300.30 so far during the day.

HDFC Bank said that it allotted 67,000 senior, unsecured, redeemable, long-term non-convertible bonds in the nature of debentures having face value of Rs 10 lakh each amounting to Rs 6700 crore on a private placement basis.

HDFC Banks net profit rose 20.2% to Rs 3238.91 crore on 17.1% growth in total income to Rs 19322.63 crore in Q1 June 2016 over Q1 June 2015.

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

Powered by Capital Market - Live News

IT stocks decline as rupee strengthens
Sep 22,2016

Meanwhile, the S&P BSE Sensex was up 249.56 points or 0.88% at 28,755.86.

HCL Technologies (down 0.26%), Tech Mahindra (down 1.37%), TCS (down 1.1%) and Wipro (down 0.47%) declined. Oracle Financial Services Software rose 0.2%. A firm rupee adversely affects operating profit margins of IT firms as the sector derives a lions share of revenue from exports.

In the foreign exchange market, the partially convertible rupee was currently hovering at 66.7675, compared with closing of 67.02 during the previous trading session.

The BSE IT index had underperformed the market over the past one month till 21 September 2016, falling 1.57% compared with 1.53% rise in the Sensex. The index had also underperformed the market in past one quarter, dropping 10.09% as against Sensexs 6.32% rise.

Powered by Capital Market - Live News

Federal Bank advances after twin bulk deals
Sep 22,2016

A bulk deal of 34.04 lakh shares was executed on the Federal Bank scrip at Rs 72.65 per share at 10:17 IST on BSE. Another bulk deal of 25.32 lakh shares was executed on the scrip at Rs 73.10 per share at 10:26 IST on BSE.

Meanwhile, the S&P BSE Sensex was up 243.21 points or 0.85% at 28,750.63

Bulk deal boosted volume on the scrip. On BSE, so far 97.25 lakh shares were traded in the counter as against average daily volume of 7.71 lakh shares in the past one quarter. The stock hit a high of Rs 73.85 and a low of Rs 71.20 so far during the day. The stock had hit a 52-week high of Rs 76.15 on 7 September 2016. The stock had hit a 52-week low of Rs 41.35 on 12 February 2016. The stock had outperformed the market over the past 30 days till 21 September 2016, rising 5.73% compared with 1.85% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 26.79% as against Sensexs 5.57% rise.

The large-cap private-sector bank has equity capital of Rs 343.97 crore. Face value per share is Rs 2.

Federal Banks net profit rose 18.33% to Rs 167.31 crore on 6.82% rise in total income to Rs 2250.81 crore in Q1 June 2016 over Q1 June 2015.

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

Powered by Capital Market - Live News

Aurobindo Pharma gains after receiving tentative approval from USFDA for drug
Sep 22,2016

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

Meanwhile, the S&P BSE Sensex was up 232.98 points or 0.82% at 28,740.40.

High volumes were witnessed on the counter. On BSE, so far 4.4 lakh shares were traded in the counter as against average daily volume of 1.64 lakh shares in the past one quarter. The stock hit a high of Rs 846.90 and a low of Rs 811.50 so far during the day. The stock had hit a record high of Rs 891.50 on 30 December 2015. The stock had hit a 52-week low of Rs 582 on 25 February 2016. The stock had outperformed the market over the past one month till 21 September 2016, gaining 5.57% compared with 1.53% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 11.65% as against Sensexs 6.32% rise.

The large-cap company has equity capital of Rs 58.52 crore. Face value per share is Re 1.

Aurobindo Pharma said that this important milestone marks the first US Food & Drug Administration (USFDA) approval of a generic version of Dolutegravir (DTG), an integrase strand transfer inhibitor recommended for use in treatment-nan++ve patients by the US Centers for Disease Control and Prevention (CDC) and the World Health Organization (WHO). Through an innovative collaboration with ViiV and the Clinton Health Access Initiative, Inc. (CHAI), the product is expected to be launched in sub-Saharan Africa in late 2016. The approved Abbreviated New Drug Application (ANDA) is bioequivalent and therapeutically equivalent to the reference listed drug product (RLD) Tivicay, of ViiV Healthcare. ViiV Healthcare and Aurobindo Pharma signed a licensing agreement in 2014 that allows Aurobindo Pharma to supply Dolutegravir 50mg in 92 licensed countries, following completion of required local regulatory approval processes.

Dolutegravir 50mg is indicated for the treatment of HIV-1 infection in combination with other antiretroviral agents.

Aurobindo Pharmas consolidated net profit rose 23.8% to Rs 584.96 crore on 13% growth in net sales to Rs 3663.91 crore in Q1 June 2016 over Q1 June 2015.

Aurobindo Pharma manufactures generic pharmaceuticals and active pharmaceutical ingredients. The companys robust product portfolio is spread over 7 major therapeutic/product areas encompassing antibiotics, anti-retrovirals, CVS, CNS, gastroenterologicals, anti-allergies and anti-diabetics, supported by an outstanding R&D set-up. The company is marketing these products globally, in over 150 countries.

Powered by Capital Market - Live News

Volumes jump at Ahluwalia Contracts (India) counter
Sep 22,2016

Ahluwalia Contracts (India) clocked volume of 2.57 lakh shares by 13:20 IST on BSE, a 70.82-times surge over two-week average daily volume of 4,000 shares. The stock was up 1.41% at Rs 295.25.

D-Link (India) notched up volume of 6.21 lakh shares, a 35.01-fold surge over two-week average daily volume of 18,000 shares. The stock surged 17.26% at Rs 88.65.

Gujarat Pipavav Port saw volume of 19.03 lakh shares, a 29.61-fold surge over two-week average daily volume of 64,000 shares. The stock declined 0.29% at Rs 172.

Sadbhav Infrastructure Project clocked volume of 24.66 lakh shares, a 24.33-fold surge over two-week average daily volume of 1.01 lakh shares. The stock jumped 10.87% at Rs 112.75 after the company said it raised Rs 200 crore under tranche 1 by issue of non-convertible debentures on private placement basis. The announcement was made during market hours today, 22 September 2016.

Asahi Songwon Colors saw volume of 8.52 lakh shares, a 22.21-fold rise over two-week average daily volume of 38,000 shares. The stock surged 11.05% at Rs 228.05.

Powered by Capital Market - Live News

The Byke Hospitality gains after acquiring two properties on long term lease
Sep 22,2016

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

Meanwhile, the S&P BSE Sensex was up 203.44 points, or 0.71%, to 28,710.02

On BSE, so far 27,000 shares were traded in the counter compared with average daily volume of 47,866 shares in the past one quarter. The stock hit a high of Rs 164.85 and a low of Rs 162.20 so far during the day. The stock hit a 52-week high of Rs 174.25 on 30 May 2016. The stock hit a 52-week low of Rs 148.10 on 20 January 2016. The stock had underperformed the market over the past 30 days till 21 September 2016, rising 0.34% compared with 1.85% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 1.48% as against Sensexs 5.57% rise.

The small-cap stock has equity capital of Rs 40.10 crore. Face value per share is Rs 10.

The Byke Hospitality has acquired The Byke- Grassfield Riviera in Jaipur on long term lease. The hotel is located on Ajmer Road. It has 80 well appointed rooms, swimming pool, spa, gym, cricket ground and banquet hall, party lawn with an excellent view and other high tech amenities and services. Besides, the company also acquired Hotel Delotel in Borivali, Mumbai on long term lease. It has 40 well appointed rooms, restaurant and conference/ banquet room with an excellent view and other high tech amenities and services.

The Byke Hospitalitys net profit rose 36.54% to Rs 6.39 crore on 28.54% growth in total income to Rs 61.93 crore in Q1 June 2016 over Q1 June 2015.

The Byke Hospitality is a fast growing hospitality services company.

Powered by Capital Market - Live News

L&T gains after overseas order win
Sep 22,2016

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

Meanwhile, the S&P BSE Sensex was up 241.12 points, or 0.85%, to 28,748.54

On BSE, so far 55,000 shares were traded in the counter, compared with average daily volume of 1.74 lakh shares in the past one quarter. The stock hit a high of Rs 1,497 and a low of Rs 1,478.35 so far during the day. The stock hit a 52-week high of Rs 1,615 on 27 July 2016. The stock hit a 52-week low of Rs 1,016.60 on 12 February 2016. The stock had underperformed the market over the past 30 days till 21 September 2016, falling 0.29% compared with 1.85% rise in the Sensex. The scrip had also underperformed the market in past one quarter, declining 1.74% as against Sensexs 5.57% rise.

The large-cap company has an equity capital of Rs 186.47 crore. Face value per share is Rs 2.

L&T said that the company has signed the principle contract with Vietnam Border Guard valued at $99.7 million for design and construction of high speed patrol vessels in India as well as for transfer of design and technology along with supply of equipment and material kits for construction of follow-on vessels at a Vietnam shipyard.

L&T said that the high-speed patrol vessels are purpose-built for controlling and protecting sea security and sovereignty, detecting illegal activities such as smuggling, and undertaking search and rescue missions. Constructed of Aluminium alloy, the vessels are about 35 metres long and can clock a speed of 35 knots with state-of-the-art navigation and surveillance equipment and self-defence capabilities on board. Complete design and engineering of these vessels will be undertaken at the companys dedicated Warship Design Centre with the vessels being built at its Kattupalli Shipyard, off Chennai, L&T said.

Commenting on the occasion, S.N. Subrahmanyan, President and Deputy Managing Director of L&T hoped for the contract to pave the way for stronger bilateral ties between India and Vietnam.

L&Ts consolidated net profit rose 45.5% to Rs 609.60 crore on 9.07% growth in total income to Rs 22176.22 crore in Q1 June 2016 over Q1 June 2015.

L&T is a major Indian multinational engaged in technology, engineering, construction, manufacturing and financial services. It operates in more than 30 countries worldwide.

Powered by Capital Market - Live News

Sadbhav Infrastructure Project jumps after raising funds
Sep 22,2016

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

Meanwhile, the BSE Sensex was up 225.48 points, or 0.79%, to 28,732.90.

Surge in price was accompanied with high volumes on the counter. On BSE, so far 22.06 lakh shares were traded in the counter, compared with an average volume of 22,050 shares in the past one quarter. The stock hit a high of Rs 117, so far during the day, which is a record high for the stock. The stock hit a low of Rs 105.70 so far during the day. The stock hit a record low of Rs 66.30 on 15 February 2016. The stock had outperformed the market over the past one month till 21 September 2016, gaining 5.39% compared with 1.53% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, gaining 2.21% as against Sensexs 6.32% rise.

The mid-cap company has equity capital of Rs 352.23 crore. Face value per share is Rs 10.

Sadbhav Infrastructure Project said that board of directors of the company on 21 September 2016 had approved allotment of 2,000 senior, taxable, secured, rated, listed, redeemable, non-convertible debentures totally aggregating upto Rs 200 crore having face value of Rs 10 lakh each under tranche I comprising of the series I debentures, series II debentures, series III debentures and series IV debentures, of Rs 50 crore each.

Sadbhav Infrastructure Project reported consolidated net loss of Rs 89.46 crore in Q1 June 2016 compared with net loss of Rs 88.34 crore in Q1 June 2015. Net sales fell 33.3% to Rs 361.70 crore in Q1 June 2016 over Q1 June 2015.

Sadbhav Infrastructure Project is into development, operation and maintenance of road infrastructure assets. It undertakes turnkey contractual works and other than civil construction of the projects.

Powered by Capital Market - Live News

Oil E&P stocks gain as crude oil prices rise
Sep 22,2016

Meanwhile, the S&P BSE Sensex was up 205.37 points or 0.72% at 28,712.79.

Cairn India (up 0.44%), Reliance Industries (RIL) (up 1.87%), ONGC (up 0.98%) and Oil India (up 0.62%) gained. Higher crude oil prices would result in increase in realizations from crude sales for oil exploration firms.

In global commodities markets, Brent crude oil futures extended previous sessions gains after report showed a third consecutive weekly drop in US crude oil inventory. Brent for November settlement was up 39 cents at $47.22 a barrel. The contract had advanced 95 cents or 2.07% to settle at $46.83 a barrel during previous trading session. A report from the US Energy Information Administration (EIA) showed a 6.2 million-barrel drop in crude oil inventories last week to 504.6 million barrels. Brent was also lifted by an oil workers strike in Norway, which threatened to cut North Sea crude output.

Powered by Capital Market - Live News

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.

Powered by Capital Market - Live News

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).

Powered by Capital Market - Live News

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.

Powered by Capital Market - Live News

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.

Powered by Capital Market - Live News

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.

Powered by Capital Market - Live News

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).

Powered by Capital Market - Live News