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Religare extends recent sharp sell-off

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lost 0.44% to Rs 101.90 at 11:45 on BSE, with the stock extending recent sharp sell-off.

Meanwhile, the S&P Sensex was up 4.37 points or 0.01% at 31,751.46. The S&P Small-Cap index rose 25.16 points or 0.16% at 15,831.59.

On the BSE, 6.06 lakh shares were traded on the counter so far as against the average daily volumes of 30,387 shares in the past one quarter. The stock was volatile. The stock tumbled as much as 9.96% at the day's low of Rs 92.15 so far during the day, which is a record low. The stock rose as much as 3.95% at the day's high of Rs 106.40 so far during the day. The stock had hit a 52-week high of Rs 294 on 22 July 2016.

The stock had underperformed the market over the past one month till 11 July 2017, sliding 45.59% compared with the Sensex's 1.55% rise. The stock had also underperformed the market over the past one quarter, declining 51.71% as against the Sensex's 6.58% rise. The scrip had also underperformed the market over the past one year, sliding 62.65% as against the Sensex's 14.91% rise.

The small-cap company has equity capital of Rs 178.46 crore. Face value per share is Rs 10.

Shares of have tanked 41.8% in nine trading sessions to its current market price, from its closing of Rs 175.10 on 29 June 2017.

reported net loss of Rs 50.59 crore in Q4 March 2017, lower than net loss of Rs 67.88 crore in Q4 March 2016. Total income rose 3416% to Rs 455.67 crore in Q4 March 2017 over Q4 March 2016.

Religare Enterprises (REL) is the holding company for one of India's leading diversified financial services groups. REL offers an integrated suite of financial services through its underlying subsidiaries and operating entities, including loans to SMEs, affordable housing finance, health insurance, capital markets and wealth management.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, July 12 2017. 11:48 IST