Reliance Capital rose 1.52% to Rs 376.15 at 12:31 IST on BSE after Reliance Capital Asset Management said its total assets under management increased by Rs 7000 crore in Q1 June 2013.
The announcement was made during market hours today, 17 July 2013.
Meanwhile, the S&P BSE Sensex was up 83.90 points or 0.42% at 19,935.13.
On BSE, 4.27 lakh shares were traded in the counter as against average daily volume of 10.93 lakh shares in the past one quarter.
The stock hit a high of Rs 379.85 and a low of Rs 373.75 so far during the day. The stock had hit a 52-week high of Rs 508 on 7 January 2013. The stock had hit a 52-week low of Rs 297.05 on 26 March 2013.
The stock had outperformed the market over the past one month till 16 July 2013, surging 13.2% compared with the Sensex's 3.51% gain. The scrip had also outperformed the market in past one quarter, jumping 9.16% as against Sensex's 5.9% rally.
The company has equity capital of Rs 245.63 crore. Face value per share is Rs 10.
Reliance Capital Asset Management's (RCAM) total assets under management (AUM) now stood at over Rs 1.80 lakh crore across mutual funds, PMS, EPFO, Pension Funds and Offshore Mandates. The company registered a 21% rise in its average AUM in mutual funds to Rs 97771 crore in Q1 June 2013.
RCAM's CEO, Mr. Sundeep Sikka said, "Our focus on increased retail participation and expanding our reach in Tier 2 and Tier 3 cities has helped us maintain high profitability in challenging times for the industry".
RCAM is part of Reliance Capital. It is amongst top two asset management companies (AMCs) in India in terms of AUM and profitability.
Reliance Capital's consolidated net profit fell 19.5% to Rs 265 crore on 13.8% decline in total income to Rs 1691 crore in Q4 March 2013 over Q4 March 2012.
Reliance Capital, a part of the Reliance Group, is one of India's leading private sector financial services companies.
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