Religare Enterprises gains on plans to launch its first health insurance product soon

Religare Enterprises Ltd. | Finance - Investment | BFSI | BSE: 532915 | NSE: RELIGARE

09 Jul 2012 Evaluate

Religare Enterprises is currently trading at Rs. 339.00, up by 1.95 points or 0.58% from its previous closing of Rs. 337.05 on the BSE.

The scrip opened at Rs. 339.00 and has touched a high and low of Rs. 339.00 and Rs. 339.00 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 472.00 on 29-Jul-2011 and a 52 week low of Rs. 321.05 on 21-Jun-2012.

Last one week high and low of the scrip stood at Rs. 377.25 and Rs. 325.00 respectively. The current market cap of the company is Rs. 5063.59 crore.

The promoters holding in the company stood at 71.80% while Institutions and Non-Institutions held 2.63% and 25.57% respectively.

Religare Enterprises is all set to launch its first health insurance product in a day or two, however, the full-fledged operations of the insurer will commence only in the last quarter of this calendar year. The company has set out a target of 12 lakh policies in the first year. Divergent from other health insurers, the company will not go for any kind of brand promotion for the first 12 months. The company believes to it has reasonable customer base, which could be approached without any endorsements.

Recently, Religare Enterprises’ subsidiary - Religare Finvest, has obtained the corporate agency license from Insurance Regulatory Development Authority (IRDA) for the procurement/ solicitation of general insurance business on behalf of ICICI Lombard General Insurance Company.

Religare Finvest offers debt capital to SMEs in the form of loans against property, working capital loans, loans against plant and machinery, vehicles and construction equipment and loan against marketable securities among others.

Religare Enterprises Share Price

220.85 -2.55 (-1.14%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Bajaj Finserv	1816.35
TVS Holdings	14470.85
RattanIndia Ent	37.79
Altius Telecom Infra	169.00
Authum Inv. & Infra	495.50
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