Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now

You can switch off notifications anytime using browser settings.
Stock Analysis, IPO, Mutual Funds, Bonds & More

Sell Reliance Capital, target Rs 362: Dr CK Narayan

Sell Reliance Capital Ltd. at a price target of Rs 362.0 and a stoploss at Rs 376 from entry point.|
Updated: Jul 03, 2018, 09.39 AM IST
ThinkStock Photos
Dr CK Narayan of Chart Advise has a sell call on Reliance Capital Ltd. with a target price of Rs 362. The current market price of Reliance Capital Ltd. is Rs 370. Time period given by the analyst is Intra Day when Reliance Capital Ltd. price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 376. Reliance Capital Ltd., incorporated in 1986, is a midcap company with a market cap of Rs 9350.07 crore.

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 31-03-2018, the company has a total of 252,704,682 shares outstanding.

Also Read

Buy Raymond, target Rs 603: CK Narayan

Buy ICICI Bank, target Rs 422: CK Narayan

Buy Titan Company, target Rs 1,145: CK Narayan

Buy Bank of Baroda, target Rs 107: CK Narayan

Buy Union Bank of India, target Rs 65: CK Narayan

Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
Disclaimer: This recommendation is analyst's own and does not represent those of & Please consult your financial advisor before taking any position in the stock/s mentioned.

Other useful Links

Follow us on

Download et app

Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service