News

Reliance Capital shares gain 7 percent

By SiliconIndia | Friday, 26 February 2010, 04:33 Hrs

Bangalore: After having a healthy trading throughout the day, Reliance capital ended the day at high note with a gain of

50.75 (6.90 percent). The company opened its account today at

730.10 and ended at

786.45. Overall 3,862,045 shares were traded throughout the day with current P/E ratio at 32.96. The stock has 52-week high value of

1,066 and low of

274.20. The stock chart for 52-weeks is given on left.

Reliance Capital is a financial services company. The company has interests in asset management and mutual funds, life and general insurance, private equity investments, stock broking and depository services, consumer finance, asset reconstruction, institutional broking and distribution of financial products. It operates in five segments: finance and investment, asset management, general insurance, consumer finance and others. It provides financial services and solutions, giving customers access to equities, equity options, commodities futures, wealth management, portfolio management services, mutual funds, initial public offerings (IPOs), life and general insurance products, offshore investments, credit cards, money transfer, currency exchange and gold coins. Reliance Capital Limited is a part of the Reliance Anil Dhirubhai Ambani Group.

With 478,478 units of shares, SBI Magnum Tax Gain Scheme holds the highest number of shares in Reliance capital. Other financial services companies ended the trading on mixed note. Out of 17 stock analyst currently following Reliance Capital, consensus recommendation is hold, while four analysts recommended to buy and two asked to sell the stock.

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