Religare Enterprises shares rally 10% as Q2 loss narrows to Rs 30 crore

Shares of Religare Enterprises on Wednesday surged 10 per cent after the company's net loss narrowed for the September quarter of the current financial year.

The stock soared 10 per cent to end at Rs 46.20 - its upper circuit limit on BSE.

On NSE, shares of the company jumped 10 per cent to close at Rs 46.20.

In terms of equity volume, 20.35 lakh shares of the company were traded on BSE and over 58 lakh shares changed hands on NSE during the day.

Religare Enterprises yesterday reported its standalone net loss at Rs 30.50 crore for the second quarter ended September.

It had posted a net loss of Rs 39.54 crore in the July- September quarter of 2016-17.

Total income of the company was at Rs 17.86 crore during the second quarter of 2017-18 as compared with Rs 11.85 crore in same period of the previous fiscal.