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Reliance Capital spurts on the bourses

Reliance Capital is currently trading at Rs. 69.15, up by 4.65 points or 7.21% from its previous closing of Rs. 64.50 on the BSE.

The scrip opened at Rs. 61.80 and has touched a high and low of Rs. 69.80 and Rs. 61.20 respectively. So far 3640886 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 487.60 on 03-Sep-2018 and a 52 week low of Rs. 49.40 on 20-Jun-2019.

Last one week high and low of the scrip stood at Rs. 73.30 and Rs. 49.40 respectively. The current market cap of the company is Rs. 1758.85 crore.

The promoters holding in the company stood at 47.48%, while Institutions and Non-Institutions held 30.18% and 22.34% respectively.

The credit rating agency, Brickwork Ratings has revised ratings of Reliance Capital’s debt program. The agency has revised rating to ‘BBB’ (credit watch with negative implications) for long-term debt program, market linked debentures and subordinated debt and ‘A3’ for short-term debt program of Reliance Capital.

The Company respectfully protests and disagrees with the revision. There has not been any adverse change in the Company’s operational parameters and/or any other circumstances from the time of the last rating action, just 7 weeks ago and hence latest revision is completely unjustified.

Reliance Capital, a part of the Reliance Group, is one of India’s leading private sector financial services companies. It has interests in asset management and mutual funds; life, health and general insurance; commercial and home finance; stock broking; wealth management services; distribution of financial products; asset reconstruction; proprietary investments and other activities in financial services.

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