Reliance Capital surged 8.1% to Rs 712.55 at 14:50 IST on BSE after consolidated net profit rose 15% to Rs 238 crore on 33% rise in total income to Rs 4857 crore in Q1 June 2017 over Q1 June 2016.
The result was announced after market hours yesterday, 27 July 2017.Meanwhile, the BSE Sensex was down 137.83 points, or 0.43%, to 32,231.50.
High volumes were witnessed on the counter. On the BSE, 14.74 lakh shares were traded in the counter so far, compared with average daily volume of 6.51 lakh shares in the past one quarter. The stock had hit a high of Rs 717.90 in intraday trade, which is also a 52-week high for the stock. The stock had hit a low of Rs 660.80 so far during the day. The stock had hit a 52-week low of Rs 407.50 on 27 December 2016.
The stock had underperformed the market over the past one month till 27 July 2017, gaining 0.11% compared with 4.6% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 1.59% as against Sensex's 7.84% rise. The scrip, had, however, outperformed the market in past one year, gaining 52.94% as against Sensex's 15.55% rise.
The large-cap company has equity capital of Rs 252.66 crore. Face value per share is Rs 10.
Reliance Capital said that listing of Reliance Nippon Life Asset Management and Reliance General Insurance will be completed in FY 2018 subject to necessary regulatory approvals.
Reliance Capital, a part of the Reliance Group, is one of India's leading private sector financial services companies.
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