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Buy Reliance Capital; target Rs 236: Dr CK Narayan

Buy Reliance Capital at a price target of Rs 236 and a stoploss at Rs 225.

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Last Updated: Dec 31, 2018, 08.45 AM IST
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Dr CK Narayan recommended to keep stoploss at Rs 225.
Dr CK Narayan of Chart Advise has a buy call on Reliance Capital with a target price of Rs 236. The current market price of Reliance Capital is Rs 228.15. Time period given by analyst is Intra Day when Reliance Capital price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 225. Reliance Capital , incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 5765.55 crore) operating in Finance sector.

Reliance Capital key Products/Revenue Segments include Interest which contributed Rs 2198.00 crore to Sales Value (67.11 per cent of Total Sales), Income From Sale Of Share & Securities which contributed Rs 774.00 crore to Sales Value (23.63 per cent of Total Sales), Dividend which contributed Rs 282.00 crore to Sales Value (8.61 per cent of Total Sales), Bad Debts Recovery which contributed Rs 11.00 crore to Sales Value (0.33 per cent of Total Sales) and Lease Rentals which contributed Rs 10.00 crore to Sales Value (0.30 per cent of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 5308.00 crore, up 14.92 per cent from last quarter Sales of Rs 4619.00 crore and up 1.24 per cent from last year same quarter Sales of Rs 5243.00 crore Company has reported net profit after tax of Rs 281.00 crore in latest quarter. The company’s top management includes Dr.Bidhubhusan Samal, Mr.Amitabh Jhunjhunwala, Mr.Anil Dhirubhai Ambani, Mr.Jai Anmol Ambani, Mr.Rajendra P Chitale, Mr.V N Kaul, Ms.Chhaya Virani.

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