Reliance Cap shares jump nearly 5% post Q3 results

Shares of financial sector conglomerate Reliance Capital today rose nearly 5 per cent, buoyed by a 10.3 per cent growth in its net profit for the December quarter.
The stock advanced 4.58 per cent to settle at Rs 379.10 on BSE. Intra-day, it jumped 5.35 per cent to Rs 381.90.
On NSE, it went up 4.63 per cent to close at Rs 379.20.
Reliance Capital had yesterday reported a 10.3 per cent rise in net profit at Rs 235 crore for the third quarter of 2015-16, helped by growth in mutual fund and broking business.
The company's consolidated net profit in the same period a year ago was Rs 213 crore.

Total income also increased to Rs 2,318 crore during quarter under review compared with Rs 2,106 crore in the same period last fiscal, Reliance Capital had said in a statement.
Reliance Capital Asset Management, the mutual fund arm, posted a profit before tax of Rs 141 crore for the quarter, an increase of 12 per cent.
At the same time, profit of Reliance Capital broking business rose 74 per cent to Rs 1 crore.