Reliance Capital gains on bargain hunting

Reliance Capital rose 3.93% to Rs 614.35 at 14:34 IST on BSE on bargain hunting after the stock slipped 11.05% in the preceding four trading sessions to Rs 591.10 on 13 June 2014, from a recent high of Rs 664.55 on 9 June 2014.

Meanwhile, the BSE Sensex was down 16.15 points, or 0.06%, to 25,212.02.

On BSE, so far 12.16 lakh shares were traded in the counter, compared with an average volume of 9.89 lakh shares in the past one quarter.

The stock hit a high of Rs 616.40 and a low of Rs 577.50 so far during the day. The stock hit a 52-week high of Rs 668.40 on 9 June 2014. The stock hit a 52-week low of Rs 290 on 28 August 2013.

The stock had outperformed the market over the past one month till 13 June 2014, rising 52.15% compared with 5.68% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 82.64% as against Sensex's 15.86% rise.

The large-cap company has an equity capital of Rs 245.63 crore. Face value per share is Rs 10.

Reliance Capital's consolidated net profit rose 1% to Rs 267 crore on 9% growth in total income to Rs 1848 crore in Q4 March 2014 over Q4 March 2013.

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

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