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Sell Reliance Capital, target Rs 545: Manas Jaiswal

ETMarkets.com|
Oct 05, 2017, 12.01 PM IST
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Manas Jaiswal of manasjaiswal.com has a sell call on Reliance Capital Ltd. with a target price of Rs 545.0 . The current market price of Reliance Capital Ltd. is Rs 563.8 Time period given by analyst is Intra Day when Reliance Capital Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 575.
Reliance Capital Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 14499.91 Crore) operating in Finance sector.

Reliance Capital Ltd. key Products/Revenue Segments include Interest which contributed Rs 1521.00 Crore to Sales Value (77.84 per cent of Total Sales), Income From Sale Of Share & Securities which contributed Rs 253.00 Crore to Sales Value (12.94 per cent of Total Sales), Dividend which contributed Rs 129.00 Crore to Sales Value (6.60 per cent of Total Sales), Bad Debts Recovery which contributed Rs 35.00 Crore to Sales Value (1.79 per cent of Total Sales) and Lease Rentals which contributed Rs 16.00 Crore to Sales Value (0.81 per cent of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2017, the company has reported a Consolidated sales of Rs 4850.00 Crore, down 3.64 per cent from last quarter Sales of Rs 5033.00 Crore and up 35.25 per cent from last year same quarter Sales of Rs 3586.00 Crore. Company has reported net profit after tax of Rs 281.00 Crore in latest quarter. The company's top management includes Dr.Bidhubhusan Samal, Mr.Amitabh Jhunjhunwala, Mr.Anil Dhirubhai Ambani, Mr.Jai Anmol Ambani, Mr.Rajendra P Chitale, Mr.V N Kaul, Mrs.Chhaya Virani. Company has Pathak H D & Associates as its auditors. As on 30-06-2017, the company has a total of 252,632,800 shares outstanding.
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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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