Reliance Capital gains after posting decent Q3 results

Reliance Capital gained 2.4% to Rs 371.20 at 11:00 IST on BSE after the company's consolidated net profit rose 10.32% to Rs 235 crore on 10.06% growth in total income to Rs 2318 crore in Q3 December 2015 over Q3 December 2014.

The result was announced by the company after market hours yesterday, 21 January 2016.

Meanwhile, the BSE Sensex was up 340.09 points, or 1.46%, to 24,312.12.

On BSE, so far 2.44 lakh shares were traded in the counter, compared with an average volume of 5.25 lakh shares in the past one quarter. The stock hit a high of Rs 373.75 and a low of Rs 363.50 so far during the day. The stock hit a 52-week high of Rs 515 on 13 March 2015. The stock hit a 52-week low of Rs 250.80 on 25 August 2015. The stock had underperformed the market over the past one month till 21 January 2016, declining 11.05% compared with 6.89% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, dropping 11.98% as against Sensex's 12.19% fall.

The large-cap company has an equity capital of Rs 252.63 crore. Face value per share is Rs 10.

Reliance Capital said that earnings per share (EPS) rose 7% to Rs 9.30 in Q3 December 2015 over Q3 December 2014. The company had a net debt to equity ratio of 1.77 as on 31 December 2015. Total assets of the company rose 11% to Rs 50072 crore as at 31 December 2015 as compared with as on 31 December 2014.

Reliance Capital, a part of the Reliance Anil Dhirubhai Ambani Group, is one of India's leading private sector financial services companies.

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