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Reliance Industries leads gainers in A group
Feb 22,2017

Reliance Industries jumped 9.58% to Rs 1,192.50 at 13:45 IST after the company said that Reliance Jio Infocomm has breached the 100 million customer mark in 170 days. The stock topped the gainers in the BSEs A group. On the BSE, 24.85 lakh shares were traded on the counter so far as against the average daily volumes of 2.18 lakh shares in the past two weeks.

Godrej Properties surged 4.2% at Rs 370.60. The stock was second biggest gainer in A group. On the BSE, 64,000 shares were traded on the counter so far as against the average daily volumes of 15,000 shares in the past two weeks.

Rajesh Exports advanced 3.59% to Rs 518.25. The stock was third biggest gainer in A group. On the BSE, 1.38 lakh shares were traded on the counter so far as against the average daily volumes of 49,000 shares in the past two weeks.

Jammu & Kashmir Bank gained 3.53% at Rs 74.75. The stock was fourth biggest gainer in A group. On the BSE, 2.23 lakh shares were traded on the counter so far as against the average daily volumes of 1.04 lakh shares in the past two weeks.

Axis Bank rose 3.46% to Rs 522.05. The stock was fifth biggest gainer in A group. On the BSE, 8.57 lakh shares were traded on the counter so far as against the average daily volumes of 4.96 lakh shares in the past two weeks.

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DCW jumps after lifting lock-out at Tamil Nadu factory
Feb 22,2017

The announcement was made during market hours today, 22 February 2017.

Meanwhile, the S&P BSE Sensex was up 144.66 points or 0.5% at 28,906.25.

On the BSE, 5.11 lakh shares were traded on the counter so far as against the average daily volumes of 3.10 lakh shares in the past one quarter. The stock had hit a high of Rs 33.60 and a low of Rs 30.90 so far during the day.

The stock had hit a 52-week high of Rs 40 on 21 October 2016 and a 52-week low of Rs 19.20 on 29 February 2016. The stock had underperformed the market over the past one month till 21 February 2017, sliding 13.49% compared with the Sensexs 6.39% rise. The scrip had, however, outperformed the market over the past one quarter, advancing 16.04% as against the Sensexs 11.63% rise.

The small-cap company has equity capital of Rs 44.20 crore. Face value per share is Rs 2.

DCWs management has reached settlement with the workers union of the companys factory at Sahupuram, Tamil Nadu and lock out has been withdrawn today, 22 February 2017. The manufacturing operations also commence today, 22 February 2017, it said.

DCWs net profit spurted 5555.6% to Rs 5.09 crore on 9% growth in net sales to Rs 299.45 crore in Q3 December 2016 over Q3 December 2015.

DCW is an industry pioneer with a strong presence in the chlor-alkali, synthetic rutile and PVC business segments.

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Volumes jump at Reliance Industrial Infrastructure counter
Feb 22,2017

Reliance Industrial Infrastructure clocked volume of 10.03 lakh shares by 12:25 IST on BSE, a 20.85-times surge over two-week average daily volume of 48,000 shares. The stock rose 14.83% to Rs 464.50.

Hindustan Unilever notched up volume of 15.93 lakh shares, a 18.41-fold surge over two-week average daily volume of 87,000 shares. The stock fell 0.57% to Rs 857.90.

Reliance Industries saw volume of 20.23 lakh shares, a 9.27-fold surge over two-week average daily volume of 2.18 lakh shares. The stock rose 9.82% to Rs 1,195.10.

ITD Cementation India clocked volume of 5.40 lakh shares, a 8.24-fold surge over two-week average daily volume of 65,000 shares. The stock fell 5.75% to Rs 151.55.

HOV Services saw volume of 7.55 lakh shares, a 6.20-fold rise over two-week average daily volume of 1.22 lakh shares. The stock rose 12.01% to Rs 194.

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Asian Granito India gains on plans to increase quartz stone making capacity
Feb 22,2017

The announcement was made during market hours today, 22 February 2017.

Meanwhile, the S&P BSE Sensex was up 121.18 points, or 0.42%, to 28,883.10.

High volumes were witnessed on the counter. On the BSE, 1.36 lakh shares were traded on the counter so far as against the average daily volumes of 51,370 shares in the past one quarter. The stock had hit a high of Rs 290.40 and a low of Rs 281.90 so far during the day.

The stock had hit a record high of Rs 304 on 28 September 2016 and a 52-week low of Rs 123 on 29 February 2016. The stock had outperformed the market over the past one month till 21 February 2017, advancing 11.74% compared with the Sensexs 6.39% rise. The scrip had also outperformed the market over the past one quarter advancing 57.64% as against the Sensexs 11.63% rise.

The small-cap company has equity capital of Rs 30.09 crore. Face value per share is Rs 10.

Asian Granito lndia (AGIL) said that it is investing Rs 20 crore in setting up a third line of quartz stone at its Himmatnagar plant dedicated for exports. Post expansion, it will be doubling the capacity of its quartz stone to 5.28 lakh square meter per annum in financial year ending 31 March 2018 (FY 2018) from existing 2.64 lakh square meter.

The company expects exclusive export turnover of Rs 60 crore in the first year of operation from the new facility. The current orders in hand for new quartz plant is Rs 6 crore. Quartz as a segment contributes Rs 45 crore sales currently which company expects to increase to Rs 125 crore over the next 2-3 years.

The new expansion is likely to fetch additional sales of Rs 60 crore in FY 2018. Target market for the new quartzplant will be counter tops and interiors (floor) in kitchen, malls, airports, high end hotels and other places. Replacement of counter top is the largest market for engineered quartz in US, company said.

AGILs current capacity of quartz stone stands at 800 square meter per day from its existing two lines which it plans to double to 1,600 square meter per day. It is also launching 20 mm & 30 mm thickness slabs of quartz in the large format of 10.5 feetX5.25 feet. Commercial production of the new range will start in the month of April 2017.

Mr. Mukesh Patel, Managing Director, Asian Granito lndia, said, post expansion, revenue contribution from quartz segment is expected to double from 4.3% to 9% of the total sales and it is also targeting to increase share in export quartz market for 2017-18.

Quartz is a premium product and hence it also expects to earn a healthy earnings before interest, tax, depreciation and amortization (EBITDA) margin in the range of 30-32% from the expanded facility, he added.

Asian Granito Indias consolidated net profit rose 33.4% to Rs 9.34 crore on 4.3% increase in net sales to Rs 245.67 crore in Q3 December 2016 over Q3 December 2015.

Asian Granito India is one of the largest ceramic companies in India. The company manufactures and markets interior & infrastructure products like vitrified wall & floor tiles, porcelain, natural marble composite and quartz.

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Infosys declines amid ongoing tussle over whistle-blowers complaint in Panaya acquisition
Feb 22,2017

Meanwhile, the S&P BSE Sensex was up 137.47 points or 0.48% at 28,899.06.

On the BSE, 78,000 shares were traded on the counter so far as against the average daily volumes of 2.87 lakh shares in the past one quarter. The stock had hit a high of Rs 1,015 and a low of Rs 994.50 so far during the day.

The stock had hit a record high of Rs 1,278 on 3 June 2016 and a 52-week low of Rs 900.30 on 9 November 2016. The stock had outperformed the market over the past one month till 21 February 2017, advancing 6.76% compared with the Sensexs 6.39% rise. The scrip had, however, underperformed the market over the past one quarter, gaining 11.17% as against the Sensexs 11.63% rise.

The large-cap company has equity capital of Rs 1148.47 crore. Face value per share is Rs 5.

Infosys issued clarification during market hours today, 22 February 2017 on the status of the whistle blower complaints received by the company as reported in certain sections of the media. This whistle blowers complaint has been placed before the audit committee as is the normal practice, in accordance with the companys Whistle Blower Policy, and the audit committee is taking steps to initiate an investigation into the allegations made, Infosys said.

In a press release issued on its website on 20 February 2017, Infosys strongly refuted and denied the allegations made in the anonymous whistleblower letter that has been featured in certain sections of the media. The assertions made in the letter are libelous and are aimed at tarnishing the image of Infosys and its management, the company said.

The letter alleges that Infosys acquired Panaya at a 25% margin to the valuation of Series E investor that came in on 8 January 2015. Series E investor was a minority shareholder (less than 15%) and was towards preferred stock, whereas Infosys acquisition in Panaya is for 100% stake, the company said.

Infosys stated that no member of the Infosys management team was involved in any prior investments in Panaya, and insinuations that anyone from the management team at Infosys benefitted from this acquisition are misleading and slanderous.

Regardless of the malicious intent of this anonymous letter, the company will pursue its normal course of action and investigate the charges made, it said.

In the case of Panaya, all the requisite steps were followed, Infosys said. The valuation was done by Deutsche Bank, the financial and tax due diligence was done by one of the Big four firms and legal diligence was done by a leading law firm - Kirkland & Ellis, it said. The management presented the rationale behind the acquisition - including synergies and business potential to the Board, along with necessary reports and findings. The Board deliberated the acquisition, and unanimously approved the investment which was well within the valuation range determined by the evaluator, Infosys said.

The last investment (series E investment in 8 January 2015) in Panaya was not a strategic investment whereas Infosys investment in Panaya was a strategic investment and it had significant synergies in acquiring a controlling stake in Panaya, Infosys said. The valuation of investment in preferred stock vs. 100% strategic acquisition cannot and should not be compared, it added. In addition, there is a premium for acquiring a controlling stake, the company said.

Infosys said that the allegation that the $20 million invested in Panaya before the acquisition was taken out and distributed to the shareholders is also untrue.

Panaya was looked at as an acquisition candidate based on its strategic fit, Infosys said. There is absolutely no conflict of interest due to Dr. Sikkas past professional association with Dr. Plattner, it added.

It may be noted that Infosys is the cynosure of investors over the past few days amid ongoing corporate governance dispute between founders and board members of the IT bellwether over various issues ranging from pay package of its CEO Vishal Sikka to that of 30-month severance pay being given to former chief financial officer Rajiv Bansal, which was raised by the companys founder-promoter N R Narayana Murthy along with some of the other founder promoters of the company.

On a consolidated basis, Infosys net profit rose 2.82% to Rs 3708 crore on 0.21% decline in net sales to Rs 17273 crore in Q3 December 2016 over Q2 September 2016.

Infosys is one of the leading information technology outsourcing services providers. The company provides business consulting, information technology and outsourcing services.

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Ramco Systems jumps after winning order
Feb 22,2017

The announcement was made during trading hours today, 22 February 2017.

Meanwhile, the BSE Sensex was up 129.01 points, or 0.45%, to 28,890.60.

On the BSE, so far 24,000 shares were traded in the counter, compared with average daily volumes of 56,025 shares in the past one quarter. The stock hit a high of Rs 375 and a low of Rs 357.10 so far during the day.

The stock hit a 52-week high of Rs 814 on 3 May 2016. The stock hit a 52-week low of Rs 286 on 14 December 2016. The stock had underperformed the market over the past 30 days till 21 February 2017, falling 3.86% compared with the 6.06% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 12.03% as against Sensexs 10.40% rise.

The small-cap company has equity capital of Rs 30.35 crore. Face value per share is Rs 10.

Ramco Systems said it has secured a multi-million dollar cloud deal (about $2.5 million) from Allegis Group Australia for Ramco ERP for Services Resource Planning (SRP), Human Capital Management (HCM) & Payroll to be implemented across eight countries including India, Singapore, Malaysia, China, Hong Kong, Japan, Australia and New Zealand covering 7000+ employees & contractors. Allegis Group is the global leader in talent solutions, and the largest privately-held staffing company in the world, the company said in a statement.

Ramco Systems announced during market hours yesterday, 21 February 2017, that the United States largest independently owned and operated, membership-supported air medical service, Air Evac EMS, Inc., announced the successful implementation of Ramco Systems aviation software, Ramco Aviation V5.7, for its maintenance and engineering operations across 135 air bases. Air Evac is a subsidiary of Air Medical Group Holdings, the worIds largest independent provider of air medical services and a Ramco Aviation customer. Shares of Ramco Systems rose 4.39% to end at Rs 357.65 yesterday, 21 February 2017.

Ramco Systems reported consolidated net profit of Rs 3.02 crore in Q3 December 2016, compared with net loss of Rs 1.17 crore in Q2 September 2016. Net sales declined 0.3% to Rs 112.82 crore in Q3 December 2016 over Q2 September 2016.

Ramco is a fast growing enterprise software player disrupting the market with its multi-tenanted cloud and mobilen++based enterprise software in the area of HCM and Global Payroll, ERP and M&E MRO for aviation.

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JSPL slides on profit booking
Feb 22,2017

Meanwhile, the BSE Sensex was up 124.66 points, or 0.43%, to 28,886.25.

On the BSE, so far 17.59 lakh shares were traded in the counter, compared with average daily volumes of 16.41 lakh shares in the past one quarter. The stock hit a high of Rs 110.30 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 103.25 so far during the day.

The stock hit a 52-week low of Rs 51.80 on 29 February 2016. The stock had outperformed the market over the past 30 days till 21 February 2017, rising 38.63% compared with the 6.06% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 63.24% as against Sensexs 10.40% rise.

The large-cap company has equity capital of Rs 91.50 crore. Face value per share is Re 1.

Shares of Jindal Steel & Power (JSPL) rose 24.30% in five trading sessions to settle at Rs 109.45 yesterday, 21 February 2017, from its close of Rs 88.05 on 14 February 2017.

The recent rally in the stock was triggered by a domestic brokerage upgrading its rating on the stock to buy from sell. According to media reports on Monday, 20 February 2017, the brokerage house said JSPLs steel operations can engineer a financial turnaround over next 1-2 years by commissioning of 3.2 million tonne per annum blast furnace at Angul operations. Steady margins from improved steel markets can deliver strong earnings growth over the financial year ending March 2018-2019. It added that improvement in power earnings is contingent on better demand. Cash flows and debt serviceability can improve materially starting second half of financial year 2017-18, according to the research firm. Shares of JSPL rose 7.80% to end at Rs 100.20 on Monday, 20 February 2017.

Meanwhile, on Monday, 20 February 2017, a media report suggested that JSPL will commission the blast furnace at its greenfield Odisha plant next month, three years after a Supreme Court order striking down a linked coal mine had stalled the progress of the estimated Rs 35,000-crore project. The move is part of JSPLs strategy to sweat its existing assets and reduce debt in the next few years. The sale of noncore assets is key to raising finances that would help the company retire debt. Out of total debt of Rs 45,600 crore, JSPLs standalone debt is Rs 22,500 crore, while Jindal Power has loans of Rs 8,500 crore on its balance sheet. Additionally, JSPLs global ventures have Rs 14,200 crore to repay, report added.

Reacting to this media report, JSPL clarified to the bourses after market hours yesterday, 20 February 2017, that the company is not aware of any information that has not been announced to the stock exchanges, which could explain the movement in the trading of the companys shares.

On a consolidated basis, JSPL reported net loss of Rs 407.44 crore in Q3 December 2016 as against net loss of Rs 573.48 crore in Q3 December 2015. Net sales rose 28.15% to Rs 5296.80 crore in Q3 December 2016 over Q3 December 2015.

Jindal Steel and Power (JSPL) is one of Indias leading integrated steel manufacturers, significantly present in steel, power generation and Infrastructure segments and catering to a large part of Indias domestic energy and infrastructure requirement.

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Huhtamaki PPL drops after weak Q4 numbers
Feb 22,2017

The result was announced after market hours yesterday, 21 February 2017.

Meanwhile, the S&P BSE Sensex was up 123.48 points or 0.43% at 28,885.07.

On the BSE, 6,301 shares were traded on the counter so far as against the average daily volumes of 2,277 shares in the past one quarter. The stock had hit a high of Rs 241.95 and a low of Rs 237 so far during the day.

The stock had hit a 52-week high of Rs 327 on 8 August 2016 and a 52-week low of Rs 186.50 on 29 February 2016. The stock had underperformed the market over the past one month till 21 February 2017, advancing 0.19% compared with the Sensexs 6.39% rise. The scrip had also underperformed the market over the past one quarter, gaining 4.79% as against the Sensexs 11.63% rise.

The small-cap company has equity capital of Rs 14.54 crore. Face value per share is Rs 2.

Huhtamaki PPL is Indias leading manufacturer of primary consumer packaging and labelling materials with annual consolidated Euro 300 million. It is the largest manufacturer in volume of finished flexible packaging in the larger Africa - India - Asia Pacific region excluding Japan.

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Apollo Hospitals Enterprise gains on fund raising plans
Feb 22,2017

The announcement was made after market hours yesterday, 21 February 2017.

Meanwhile, the S&P BSE Sensex was up 107.06 points, or 0.37%, to 28,868.65.

On the BSE, 4,025 shares were traded on the counter so far as against the average daily volumes of 10,103 shares in the past one quarter. The stock had hit a high of Rs 1,320.50 and a low of Rs 1,291.90 so far during the day.

The stock had hit a record high of Rs 1,544 on 2 March 2016 and a 52-week low of Rs 1,110.75 on 26 December 2016. The stock had outperformed the market over the past one month till 21 February 2017, advancing 11.16% compared with the Sensexs 6.39% rise. The scrip had also outperformed the market over the past one quarter gaining 11.64% as against the Sensexs 11.63% rise.

The large-cap company has equity capital of Rs 69.56 crore. Face value per share is Rs 5.

Apollo Hospitals Enterprise announced that a meeting of the debenture allotment committee of the board of directors of the company will be held on 23 February 2017, to consider and approve the allotment of 2,000 secured redeemable non-convertible debentures of face value of Rs 10 lakhs each aggregating to Rs 200 crore to institutional investors/banks/financial institutions on a private placement basis.

Apollo Hospitals Enterprise net profit fell 40.5% to Rs 72.83 crore on 17.9% increase in net sales to Rs 1,680.61 crore in Q3 December 2016 over Q3 December 2015.

Apollo Hospitals is one of Asias largest healthcare groups.

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Marksans Pharma corrects on profit booking
Feb 22,2017

Meanwhile, the BSE Sensex was up 95.21 points, or 0.33%, to 28,856.80.

On the BSE, so far 5.98 lakh shares were traded in the counter, compared with average daily volumes of 5.69 lakh shares in the past one quarter. The stock had hit a high of Rs 50.75 and a low of Rs 48.60 so far during the day.

The stock hit a 52-week high of Rs 58.30 on 4 October 2016. The stock hit a 52-week low of Rs 33.45 on 1 March 2016. The stock had outperformed the market over the past 30 days till 21 February 2017, rising 30.46% compared with the 6.06% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 20.55% as against Sensexs 10.40% rise.

The small-cap company has equity capital of Rs 40.93 crore. Face value per share is Re 1.

Shares of Marksans Pharma rose 34.62% in four trading sessions to settle at Rs 50.75 yesterday, 21 February 2017, from its close of Rs 37.70 on 15 February 2017.

The recent gains in the stock was triggered by the companys announcement that the UK MHRA completed the inspection of the companys facility without any critical observation.

Marksans Pharma announced during market hours on 20 February 2017, that its Goa plants inspection by UK MHRA from 14th February 2017 to 17 February 2017 was completed without any critical observations. The stock had rallied 19.95% to settle at Rs 48.70 yesterday, 20 February 2017, post announcement.

Marksans Pharmas consolidated net profit fell 37% to Rs 11.30 crore on 1% decrease in net sales to Rs 215.24 in Q3 December 2016 over Q3 December 2015.

Marksans Pharma is a global pharmaceutical company. It is engaged in research & development (R&D) and offers CRAMS (contract research and manufacturing services) to global pharmaceutical companies.

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RIL surges as Jios customer base crosses 100 million mark
Feb 22,2017

The announcement was made at the fag end of market hours yesterday, 21 February 2017. The stock had risen 1.36% to settle at Rs 1,088.25 yesterday, 21 February 2017.

Meanwhile, the S&P BSE Sensex was up 95.18 points or 0.33% at 28,856.77.

On the BSE, 11.45 lakh shares were traded on the counter so far as against the average daily volumes of 2.78 lakh shares in the past one quarter. The stock had hit a high of Rs 1,170.50 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 1,092.05 so far during the day.

The stock had hit a 52-week low of Rs 925.70 on 23 May 2016. The stock had underperformed the market over the past one month till 21 February 2017, advancing 6.1% compared with the Sensexs 6.39% rise. The scrip had also underperformed the market over the past one quarter, gaining 9.82% as against the Sensexs 11.63% rise.

The large-cap company has equity capital of Rs 3243.86 crore. Face value per share is Rs 10.

Reliance Industries (RIL) said that its subsidiary Reliance Jio Infocomm (RJIL) has breached the 100 million customer mark in 170 days. Jio announced that in addition to its own market leading tariff plans, it will also offer its customers the option to choose the highest selling tariff plan of any of the other leading Indian telecom operators, but with 20% more data than what any other operator provides.

As a token of its gratitude, the existing 100 million plus Jio subscribers can avail of the special Jio Prime Membership programme which comes with several special benefits. First, Jio Prime Members will be able to enjoy the unlimited benefits of the existing Jio Happy New Offer for another full year or till 31 March 2018 for a nominal, one-time enrolment fee of just Rs 99 and a rock-bottom introductory price of only Rs 303 per month or effectively at just Rs 10 per day.

Second, the programme will enable Jio Prime Members to enjoy the full bouquet of Jios applications absolutely free till 31 March 2018. This translates to additional benefit worth over Rs 10,000 for the Jio Prime Members. In addition, there will be many other attractive deals and offers from both Jio and its partners that the Jio Prime Members will enjoy under this programme.

The Jio Prime Membership is available only for existing Jio customers and the enrolment window will remain open from 1-31 March, 2017.

RILs consolidated net profit rose 3.6% to Rs 7506 crore on 17.6% growth in net sales to Rs 79408 crore in Q3 December 2016 over Q3 December 2015.

Reliance Industries (RIL) is Indias largest private sector company. RILs activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and telecommunications.

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ITD Cementation India tumbles after weak Q4 results
Feb 22,2017

The result was announced after market hours yesterday, 21 February 2017.

Meanwhile, the BSE Sensex was up 91.10 points, or 0.32%, to 28,852.69.

On the BSE, so far 5.10 lakh shares were traded in the counter, compared with average daily volumes of 29,558 shares in the past one quarter. The stock had hit a high of Rs 156.50 and a low of Rs 144.75 so far during the day.

The stock hit a 52-week high of Rs 176 on 2 January 2017. The stock hit a 52-week low of Rs 85.30 on 25 February 2016. The stock had underperformed the market over the past 30 days till 21 February 2017, falling 2.99% compared with the 6.06% rise in the Sensex. The scrip had , however, outperformed the market in past one quarter, rising 16.23% as against Sensexs 10.40% rise.

The small-cap company has equity capital of Rs 15.52 crore. Face value per share is Re 1.

ITD Cementation India, a subsidiary of the Thailand-based Italian-Thai Development Public Company (ITD), is engaged in the construction of marine structures, highways, bridges & flyovers, metros, airports, hydro-tunneling, dams & canals, water & waste water segment, industrial structures, buildings and specialist foundation engineering projects.

The companys order book stood at Rs 6583.50 crore as on 31 December 2016, executable over a period of 25 months.

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Metalyst Forgings gains on plan to issue equity shares
Feb 22,2017

The announcement was made after market hours yesterday, 21 February 2017.

Meanwhile, the S&P BSE Sensex was up 105.54 points or 0.37% at 28,867.13.

On the BSE, 4,876 shares were traded on the counter so far as against the average daily volumes of 38,884 shares in the past one quarter. The stock had hit a high of Rs 63.50 and a low of Rs 62.40 so far during the day.

The stock had hit a 52-week high of Rs 93.25 on 26 July 2016 and a 52-week low of Rs 41 on 24 June 2016. The stock had underperformed the market over the past one month till 21 February 2017, gaining 0.16% compared with the Sensexs 6.39% rise. The scrip had, however, outperformed the market over the past one quarter, advancing 16.67% as against the Sensexs 11.63% rise.

The small-cap company has equity capital of Rs 36.75 crore. Face value per share is Rs 10.

Metalyst Forgings announced that the meeting of board of directors of the company is scheduled to be held on 25 February 2017 to discuss and consider the issue of equity shares/equity linked securities of the company subject to the approval of the shareholders of the company in its general meeting.

Metalyst Forgings reported net loss of Rs 87.76 crore in Q3 December 2016, higher than net loss of Rs 40.24 crore in Q3 December 2015. Net sales declined 47.4% to Rs 250.14 crore in Q3 December 2016 over Q3 December 2015.

Metalyst Forgings is a castings and forgings company.

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Radico Khaitan gains on report of stake sale
Feb 21,2017

Meanwhile, the BSE Sensex was up 84.26 points, or 0.29%, to 28,745.84.

On the BSE, so far 6.22 lakh shares were traded in the counter, compared with average daily volumes of 1.03 lakh shares in the past one quarter.

Trading was volatile on the counter. The stock jumped 6.46% to hit the days high of Rs 142.50 so far during the day. The stock hit a low of Rs 131.05 so far during the day.

The stock hit a 52-week high of Rs 151 on 1 November 2016. The stock hit a 52-week low of Rs 84 on 24 May 2016.

The small-cap company has equity capital of Rs 26.61 crore. Face value per share is Rs 2.

Radico Khaitan, however, clarified to the bourses during tradiing hours today, 21 February 2017, that the news item is factually incorrect and the company is not aware of any information that has not been announced to the stock exchanges, which could explain the movement in the trading of the companys shares.

Net profit of Radico Khaitan declined 22.35% to Rs 19.70 crore on 3.40% rise in net sales to Rs 405.89 crore in Q3 December 2016 over Q3 December 2015.

Radico Khaitan is one of the largest players in the Indian spirits industry. Radico Khaitan operates three distilleries and one joint venture with total capacity of 150 million litres. It also has 33 bottling units spread across the country.

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Bharat Electronics gains after outperform rating by foreign brokerage
Feb 21,2017

Meanwhile, the S&P BSE Sensex was up 129.08 points or 0.45% at 28,790.66.

On the BSE, 26,000 shares were traded on the counter so far as against the average daily volumes of 46,337 shares in the past one quarter. The stock had hit a high of Rs 1,569.55 and a low of Rs 1,535 so far during the day.

The stock had hit a record high of Rs 1,624.30 on 30 January 2017 and a 52-week low of Rs 1,009 on 1 March 2016. The stock had underperformed the market over the past one month till 20 February 2017, advancing 4.07% compared with the Sensexs 6.02% rise. The scrip had, however, outperformed the market over the past one quarter, gaining 17.2% as against the Sensexs 9.6% rise.

The large-cap company has equity capital of Rs 223.36 crore. Face value per share is Rs 10.

The brokerages target price of Rs 1,800 is at a premium of 15.07% over Bharat Electronics ruling market price.

Bharat Electronics net profit rose 33.3% to Rs 373.54 crore on 32.9% growth in net sales to Rs 2091.47 crore in Q3 December 2016 over Q3 December 2015.

Bharat Electronics was established at Bangalore, India, by the Government of India under the Ministry of Defence in 1954 to meet the specialised electronic needs of the Indian defence services. Over the years, it has grown into a multi-product, multi-technology, multi-unit company servicing the needs of customers in diverse fields in India and abroad.

The Government of India held 74.41% stake in Bharat Electronics (as per the shareholding pattern as on 31 December 2016).

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