Reliance Capital capitalises on robust Q1 results

The financial services company's consolidated net profit surged 353.31% to Rs 1,233 crore on 31.07% jump in total income to Rs 6,083 crore in Q1 June 2019 compared with Q1 June 2018.

The stock jumped 7.36% to Rs 50.36. The result was announced after market hours on Wednesday, 14 August 2019.

Meanwhile, S&P BSE Sensex was down 28.78 points or 0.08% at 37,282.75.

On BSE, 13.03 lakh shares were traded in Reliance Capital counter, compared to a 2-week average of 20.95 lakh shares. The stock hit an intraday high of Rs 52.05 and an intraday low of Rs 49.35. It hit a 52-week high of Rs 487.60 on 3 September 2018 and a 52-week low of Rs 44.85 on 13 August 2019.

Reliance Capital is a non-banking financial services company. The company has interests in asset management and mutual funds, pension funds, life and general insurance, commercial finance, home finance, stock broking services, wealth management services, financial products distribution, asset reconstruction and other activities in the financial services sector.

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