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Buy Reliance Capital, target Rs 460: Dr CK Narayan

Buy Reliance Capital Ltd. at a price target of Rs 460 and a stoploss at Rs 443 from entry point.

Last Updated: Aug 30, 2018, 09.05 AM IST
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Dr CK Narayan of Chart Advise has a buy call on Reliance Capital Ltd. with a target price of Rs 460. The current market price of Reliance Capital Ltd. is Rs 450.6. Time period given by the analyst is Intra Day when Reliance Capital Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 443 . Reliance Capital Ltd., incorporated in 1986, is a midcap company with a market cap of Rs 11387.06 crore, operating in Finance sector.

Reliance Capital Ltd. key Products/Revenue Segments include Interest which contributed Rs 1521.00 Crore to Sales Value (77.84 % of Total Sales), Income From Sale Of Share & Securities which contributed Rs 253.00 Crore to Sales Value (12.94 % of Total Sales), Dividend which contributed Rs 129.00 Crore to Sales Value (6.60 % of Total Sales), Bad Debts Recovery which contributed Rs 35.00 Crore to Sales Value (1.79 % of Total Sales) and Lease Rentals which contributed Rs 16.00 Crore to Sales Value (0.81 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Consolidated sales of Rs 5000.00 Crore, up 5.29 % from last quarter Sales of Rs 4749.00 Crore and down -.66 % from last year same quarter Sales of Rs 5033.00 Crore Company has reported net profit after tax of Rs 401.00 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, Mrs.Chhaya Virani. Company has Pathak H D & Associates as its auditoRs As on 30-06-2018, the company has a total of 252,704,682 shares outstanding.

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