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Buy Reliance Capital, target Rs 660: Kunal Bothra

Buy Reliance Capital Ltd. at a price target of Rs 660.0 and a stop loss at Rs 595.0 from entry point

Last Updated: Apr 18, 2017, 09.28 AM IST
Independent analyst Kunal Bothra has a buy call on Reliance Capital Ltd. with a target price of Rs 660.0 .The current market price of Reliance Capital Ltd. is 617. Time period given by analyst is Intra Day when Reliance Capital Ltd. price can reach defined target. recommended to keep stop loss at Rs 595.0 .

Reliance Capital Ltd., incorporated in the year 1986, is a largecap company (having a market cap of ₹ 15587.44 Cr.) operating in Finance sector.

Reliance Capital's key products/revenue segments include Interest which contributed ₹ 3006.00 Cr to Sales Value (73.74 % of Total Sales), Income From Sale Of Share & Securities which contributed ₹ 690.00 Cr to Sales Value (16.92 % of Total Sales), Dividend which contributed ₹ 130.00 Cr to Sales Value (3.18 % of Total Sales), Processing Charges which contributed ₹ 100.00 Cr to Sales Value (2.45 % of Total Sales), Other Services which contributed ₹ 87.00 Cr to Sales Value (2.13 % of Total Sales), Other Operating Revenue which contributed ₹ 29.00 Cr to Sales Value (0.71 % of Total Sales), Lease Rentals which contributed ₹ 21.00 Cr to Sales Value (0.51 % of Total Sales) and Bad Debts Recovery which contributed ₹ 13.00 Cr to Sales Value (0.31 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Consolidated sales of Rs 3896.00 Cr., down -19.60 per cent from last quarter Sales of Rs 4846.00 Cr. and up 71.48 from last year same quarter Sales of Rs 2272.00 Cr. Company has reported net profit after tax of Rs 258.00 Cr. in latest quarter.
The company’s CEO is Mr.Anil Dhirubhai Ambani. It's Board of Directors include Mr.Atul Kumar Tandon, Dr.Bidhubhusan Samal, Mr.Amitabh Jhunjhunwala, Mr.Anil Dhirubhai Ambani, Mr.Jai Anmol Anil Ambani, Mr.Rajendra P Chitale, Mr.Soumen Ghosh, Mr.V N Kaul, Mrs.Chhaya Virani, Mr.Amit Bapna, Mr.Atul Kumar Tandon, Mr.V R Mohan. Company has its registered office at H-Block, 1st Floor, Dhirubhai Ambani Knowledge City, New Mumbai, 400710, Maharashtra. Company has Chaturvedi & Shah as its auditors. As on 31-03-2017, the company has a total of 252,632,800 shares outstanding.

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