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Buy Reliance Capital, target Rs 755: Dr CK Narayan

Buy Reliance Capital at a price target of Rs 755 and a stop loss at Rs 735 from entry point.

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Last Updated: Aug 07, 2017, 08.44 AM IST
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Dr CK Narayan of Chart Advise has a buy call on Reliance Capital with a target price of Rs 755.

The current market price of Reliance Capital is 743.95.

Time period given by analyst is intraday when Reliance Capital price can reach defined target.

Dr CK Narayan recommended to keep stoploss at Rs 735.

Reliance Capital, incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 18794.62 crore) operating in Finance sector.

Reliance Capital key Products/Revenue Segments include Interest which contributed Rs 3006 crore to Sales Value (73.74 per cent of Total Sales), Income From Sale Of Share & Securities which contributed Rs 690 crore to Sales Value (16.92 per cent of Total Sales), Dividend which contributed Rs 130 crore to Sales Value (3.18 per cent of Total Sales), Processing Charges which contributed Rs 100 crore to Sales Value (2.45 per cent of Total Sales), Other Services which contributed Rs 87 crore to Sales Value (2.13 per cent of Total Sales), Other Operating Revenue which contributed Rs 29 crore to Sales Value (0.71 per cent of Total Sales), Lease Rentals which contributed Rs 21 crore to Sales Value (0.51 per cent of Total Sales) and Bad Debts Recovery which contributed Rs 13 crore to Sales Value (0.31 per cent of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 30-06-2017, the company has reported a Consolidated sales of Rs 4850 crore, down 3.64 per cent from last quarter Sales of Rs 5033 crore and up 35.25 per cent from last year same quarter Sales of Rs 3586 crore.

Company has reported net profit after tax of Rs 281 crore in latest quarter. The company’s top management includes 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. Company has Chaturvedi & Shah as its auditors. As on 30-06-2017, the company has a total of 252,632,800 shares outstanding.

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