Reliance Capital
Reliance Capital, a constituent of Nifty Midcap 50 and MSCI Global Small Cap Index, is a part of the Reliance Group. It is amongst India’s leading and most valuable financial services companies in the private sector. Reliance Capital has interests in asset management and mutual funds; life, general and health insurance; commercial & home finance; equities and commodities broking; wealth management services; distribution of financial products; asset reconstruction; proprietary investments and other activities in financial services.
.Reliance Capital has a net worth of Rs. 16,692 crore (US$ 2.6 .Billion) and total assets of Rs.82, 209 crore (US$ 12.6 Billion) as on March 31, 2017.
.Reliance Mutual Fund is amongst the top Mutual Funds in India with over six million investor folios.
.Reliance Capital Ltd obtained its registration as a Non-banking Finance Company (NBFC) in December 1998.
.Reliance Capital Ltd has since diversified its activities in the areas of asset management and mutual fund; life and general insurance; commercial finance and industrial finance; stock broking; depository services; proprietary investments; asset reconstruction; distribution of financial products and other activities in financial services.
.Reliance Money was awarded ’52nd Rank as Best Place to Work’ and ‘3rd Rank in Financial Services Industry’ by Great Places to Work in The Best Places To Work For’ survey.
Fundamental Analysis
Reliance Capital Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 10412.33 Crore) operating in Finance sector.
Reliance Capital Ltd. key Products/Revenue Segments include Interest which contributed 77.84 % of Total Sales, Income From Sale Of Share & Securities which contributed 12.94 % of Total Sales, Dividend which contributed 6.60 % of Total Sales, Bad Debts Recovery which contributed 1.79 % of Total Sale and Lease Rentals which contributed 0.81 % of Total Sales for the year ending 31-Mar-2017.
.For the quarter ended 30-09-2017, the company has reported a Consolidated sales of Rs 5243.00 Crore, up 8.10 % from last quarter Sales of Rs 4850.00 Crore and up 8.19 % from last year same quarter Sales of Rs 4846.00 Crore Company has reported net profit after tax of Rs 296.00 Crore in latest quarter Return on equity of the company is 16.75% compare to 6.87% of peer average.
.Return on equity of the company is 7.08% and where as peer average is 6.68%
.Gross profit margin of the company is 25.55%
.Net profit margin of the company is 6.20%
.Promoter’s stake in the company is 51.99%.
.PE ratio of the company is 9.59 x and Industry PE ratio is 44.41x.
| Fundamentals | |
| Market cap | Rs. 10412.33 cr. |
| Face value |
Rs. 10.00
|
| Book value |
Rs. 606.80
|
| EPS | Rs. 48.12 |
| 52 Week H/L |
Rs. 879.90/ 400.30
|
| Dividend Payout |
105%
|
| Listed at | NSE/BSE |
| P/E Ratio |
9.59x
|
Technical Analysis | |
The stock is now at very crucial support level and also made its 52 week low of 400.30 on 15th of November and after that consolidating above that level and currently trading at 411 levels. Stock is also taking support of trend line drawn from 18 December 2011 and also taking support of horizontal support line. RSI is also recovered from oversold zone and now has given trend line breakout. Immediate trend line resistance is at 420 and breakout of trend line resistance level will help stock to bottom out. As we have seen fundamentals of the company is strong to gain buying momentum again.
Trend line breakout will considered above 420
MACD has given upward cross over on daily chart
RSI has recovered from oversold zone and now at 30.01 level
It has strong support around 385-400 levelTechnically, the stock may move up above the levels of 420 it could test the levels of 455-500 in the next month. Technical stop loss should be at 380.
RELIANCE CAPITAL DAILY CHART
Supports and Resistance (Monthly)
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