Reliance Capital is currently trading at Rs. 591.75, up by 1.70 points or 0.29% from its previous closing of Rs. 590.05 on the BSE.
The scrip opened at Rs. 591.70 and has touched a high and low of Rs. 599.35 and Rs. 589.10 respectively. So far 377688 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 693.10 on 10-May-2017 and a 52 week low of Rs. 365.40 on 24-Jun-2016.
Last one week high and low of the scrip stood at Rs. 599.35 and Rs. 554.95 respectively. The current market cap of the company is Rs. 14902.81 crore.
The promoters holding in the company stood at 52.31%, while Institutions and Non-Institutions held 29.83% and 17.86% respectively.
Reliance Capital’s 100% subsidiary - Reliance General Insurance Company (RGI) has received an approval to independently list the company on the stock exchanges. The board of directors of RGI at its meeting approved for the same.
The independent listing of RGI is expected to unlock substantial value for all stakeholders. Listing of RGI is expected to be completed by FY18, subject to necessary shareholders, regulatory and other approvals.
RGI provides a wide range of general insurance products like fire, motor, health, home, crop, travel etc. The company outperformed industry growth rate of 30% and grew by 40% in FY17. RGI’s gross written premium stood at Rs 4,007 crore registering a growth of 40% as on March 31, 2017.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 908.70 |
| Shriram Finance | 1036.50 |
| Aditya Birla Capital | 340.20 |
| Chola Invest & Fin. | 1579.65 |
| Tata Capital | 337.60 |
| View more.. | |
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