Reliance Capital soars on reporting 10% rise in Q2 net profit

Reliance Capital is currently trading at Rs. 489.90, up by 9.80 points or 2.04% from its previous closing of Rs. 480.10 on the BSE. The scrip opened at Rs. 482.25 and has touched a high and low of Rs. 492.65 and Rs. 482.00 respectively. So far 335070 shares were traded on the counter. The BSE group 'A ' stock of face value Rs. 10 has touched a 52 week high of Rs. 668.40 on 09-Jun-2014 and a 52 week low of Rs. 304.55 on 28-Feb-2014. Last one week high and low of the scrip stood at Rs. 492.65 and Rs. 458.65 respectively. The current market cap of the company is Rs. 12040.92 crore. The promoters holding in the company stood at 54.14% while Institutions and Non-Institutions held 27.26% and 18.35% respectively. Reliance Capital has posted a rise of 9.68% in its net profit at Rs 68 crore for the quarter ended September 30, 2014 as compared to Rs 62 crore for the same quarter in the previous year. Total income has increased by 8.28% at Rs 889 crore for quarter under review as compared to Rs 821 crore for the quarter ended September 30, 2013. Reliance Capital is a systemically important non-deposit taking NBFC. The company is part of the Reliance group led by Anil Dhirubhai Ambani. It currently operates as the holding company for the group’s entities in the financial services sector.