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06-Sep2016

Reliance Capital surges on plan of increasing customer base

Reliance Capital is currently trading at Rs. 551.90, up by 7.30 points or 1.34% from its previous closing of Rs. 544.60 on the BSE.

The scrip opened at Rs. 548.00 and has touched a high and low of Rs. 553.65 and Rs. 545.50 respectively. So far 167595 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 553.65 on 06-Sep-2016 and a 52 week low of Rs. 303.60 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 553.65 and Rs. 498.25 respectively. The current market cap of the company is Rs. 13960.49 crore.

The promoters holding in the company stood at 52.13%, while institutions and non-institutions held 28.47% and 19.40% respectively.

Reliance Capital is planning to expand its customer base to 50 million from 20 million along with a fivefold expansion of reach to 25,000 cities and towns over the next 3-5 years. The company is also planning to double the number of its business partners to one million in this time period.

Reliance Capital's total income rose by 12 per cent in the financial year 2015-16 to Rs 9,998 crore, while net profit was up 10 per cent at Rs 1,101 crore. Among its main businesses, Reliance Nippon Life Asset Management's profit rose to Rs 502 crore, while income from operations was up 38 per cent at Rs 1,314 crore.


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