Analysts at Bajaj Broking flag that Religare Enterprises has given a breakout on the weekly chart, with the stock price moving above a falling supply zone line.
Family crosses 30% stake in Religare Enterprises through open market purchases, with potential to exceed 34% after warrant conversion next year
Religare Enterprises has approved a plan to demerge its financial services and insurance businesses into two separately listed entities
As part of the consideration for the demerger, Religare Finvest will issue fully paid-up equity shares to Religare Enterprises shareholders in a 1:1 ratio