My Application Form Status

Check the status of your application form with Angel Broking.
Arq - The Hyper Intelligent Investment Engine By Angel Broking

Result Updates | Mar 03rd 2016

Bank of Baroda

CMP : 145Target Price :

Bank of Baroda (BoB) took aggressive steps to clean up its balance sheet and recognized all the RBI identified weak accounts as NPA during the quarter (3QFY2016). Consequently the provisions went up substantially and the bank reported a loss of Rs3,342cr. Substantial rise in provisions and decline in loan book resulted in loss at the net ..

View As PDF

Result Updates | Feb 24th 2016

Cipla Ltd

CMP : 523Target Price : 605

Cipla has posted a lower-than-expected set of numbers for 3QFY2016. Sales came in at Rs3,027cr (V/s `3,367cr expected) V/s Rs2,625cr in 3QFY2015, a yoy growth of 15.3%, mainly led by exports. On the operating front, the OPM came in at 12.0% V/s 19.9% expected and V/s 15.7% in 3QFY2015. According to the Management, the revenues took a 2.5%..

View As PDF

Sort By

Result Updates | Feb 24th 2016

Cadila Healthcare Ltd

CMP : 330
Target Price : 352

For 3QFY2016, Cadila Healthcare (Cadila) posted a robust performance on the net profit front while sales came in lower than expected. Sales came in at Rs2,342cr (V/s Rs2,600cr expected), growing by 8.4% yoy. On the operating front, the OPM came in at 21.0% V/s 21.4% expected and V/s 19.3% in 3QFY2015. The expansion in the OPM was driven b..

Result Updates | Feb 23rd 2016

Tech Mahindra Ltd

CMP : 440
Target Price : 530

For 3QFY2016, Tech Mahindra posted a 0.4% qoq growth in revenues to US$1,015mn V/s an expected US$1,021mn and V/s US$1,011mn in 2QFY2016. On constant currency (CC), the company posted a 1.2% qoq revenue growth. On the operating front, the EBDITA margin came in at 16.9% V/s an expected 17.2% and V/s 16.6% in 2QFY2016, a qoq expansion of 70..

Result Updates | Feb 23rd 2016

Wipro Ltd

CMP : 547
Target Price : 670

Wipro posted lower than expected numbers on all fronts for 3QFY2016. IT Services posted a 0.3% sequential growth in USD revenues to US$1,838mn (V/s an expected US$1,841mn). In constant currency (CC) terms, IT Services posted a 1.4% QoQ growth. On the operating front, the EBITDA margin came in at 20.6% V/s 21.8% in 2QFY2016, ie a downtick ..

Result Updates | Feb 18th 2016

Glaxosmithkline Pharma Ltd

CMP : 3,195
Target Price :

For 3QFY2016, GlaxoSmithKline Pharmaceuticals (GSK Pharma) posted a disappointing operating performance. For the quarter, the company posted sales of Rs729cr (V/s Rs730cr expected), a growth of 12.8% yoy. On the operating front, the company posted a gross margin of 53.1% V/s 55.6% in the corresponding period of the previous year. The OPM ..

Result Updates | Feb 18th 2016

Lupin Ltd

CMP : 1,731
Target Price :

For 3QFY2016, Lupin posted results more or less in line with our expectations. A higher than expected other income aided the net profit to come in higher than our expectation. The company posted sales of Rs3,358cr (V/s Rs3,400cr expected), a growth of 6.8% yoy. On the operating front, the OPM came in at 20.2% (V/s 20.5% expected) V/s 27.0..

Result Updates | Feb 16th 2016

State Bank of India

CMP : 156
Target Price : 177

For 3QFY2016, State Bank of India (SBI) reported a PAT of `1,115cr, which is in line with our expectation. Although the PAT declined by 61.7% yoy and 71.2% qoq, the performance can still be termed satisfactory given the cleaning up of NPAs taken up by the bank and with it having provided for higher provisions during the quarter. Higher pr..

Result Updates | Feb 15th 2016

Ashok Leyland Ltd

CMP : 83
Target Price : 111

Results in line with estimates: Ashok Leyland Ltd (ALL)’s 3QFY2016 results have come in in line with our estimates. Revenues grew 22% yoy to Rs4,085cr, driven mainly by a 23% yoy growth in volumes. MHCV segment volumes (constituting 80% of total volumes) grew strongly by 27% yoy while volumes in the LCV segment grew by 9% yoy. Realisation..

Result Updates | Feb 15th 2016

Bajaj Auto Ltd

CMP : 2,303
Target Price : 2,585

Results in line with estimates: Bajaj Auto Ltd (BAL)’s 3QFY2016 results have come in in line with our estimates. The company’s revenues expectedly declined by 2% yoy to Rs5,565cr. The decline in revenues was on account of a 3% drop in volumes. Domestic volumes grew in double digits (10%) led by new product launches (Avenger and Pulsar var..

Result Updates | Feb 12th 2016

Punjab National Bank

CMP : 77
Target Price :

Punjab National Bank (PNB) has come out with a disappointing set of numbers for 3QFY2016. Although we had expected the results to be unimpressive, but the quantum of rise in the Gross NPAs has surprised us. The bank reported a PAT of only Rs. 51cr for the quarter despite a tax write back of Rs. 908cr. Loan growth remained subdued; NIM und..

Result Updates | Feb 12th 2016

Garware-Wall Ropes Ltd

CMP : 291
Target Price : 467

Garware Wall Ropes (GWRL)’ 3QFY2016 results outperformed our estimates on the bottom-line front. The company’s top-line for the quarter grew by a subdued 0.2% yoy. On the operating front, the company reported margin improvement, primarily on account of lower raw material costs. Further, on the bottom-line front, the company reported stron..