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Reliance Capital nudges higher on strong Q3 results

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Capital Market
Last Updated : Feb 09 2018 | 12:31 PM IST

Reliance Capital gained 1.1% to Rs 472.50 at 10:43 IST on BSE after consolidated net profit rose 50.7% to Rs 315 crore on 20.4% increase in total income to Rs 4771 crore in Q3 December 2017 over Q3 December 2016.

The results were announced after market hours yesterday, 8 February 2018.

Meanwhile, the BSE Sensex was down 506.51 points, or 1.47%, to 33,906.65.

On the BSE, 5.36 lakh shares were traded in the counter so far compared with average daily volume of 8.38 lakh shares in the past one quarter. The stock had hit a high of Rs 481.35 and a low of Rs 445 so far during the day. The stock had hit a 52-week high of Rs 780.90 on 11 September 2017. The stock had hit a 52-week low of Rs 394.58 on 15 February 2017.

The stock has gained 8.32% in three sessions to its ruling price, from a close of Rs 436.20 on 6 February 2018.

The stock had underperformed the market over the past 30 days till 8 February 2018, falling 23.52% compared with 0.18% rise in the Sensex. The scrip had also underperformed the market in past one quarter, declining 6.87% as against Sensex's 3.6% rise. The scrip had also underperformed the market in past one year, rising 15.5% as against Sensex's 21.64% rise.

The large-cap company has equity capital of Rs 252.70 crore. Face value per share is Rs 10.

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Reliance Capital, a part of the Reliance Group, is one of India's leading private sector financial services companies.

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First Published: Feb 09 2018 | 11:10 AM IST

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