Reliance Capital shares jump 5% after a 3-day slide

NEW DELHI: After losing for three successive sessions, shares of Reliance Capital jumped 5 per cent in Tuesday’s trade.

In last three sessions, the stock had come off 26 per cent. Shares of the company surged amid less palatable reports.

Axis Trustee Services sold 51.81 lakh shares, or nearly 2 per cent of equity of Reliance Capital worth Rs 71 crore on Monday through bulk deals, NSE data showed.

On Friday, the company said Brickwork Ratings placed Reliance Capital’s long-term debt programme and certain debt instruments on credit watch with negative implications for delaying certain planned divestments.

CARE Ratings has placed some of the company's debt instruments on ‘credit watch with developing implications’.

Yet shares of the company traded 4.61 per cent higher at Rs 141.75 on BSE around 10:40 am on Tuesday.