Stock market news: Religare Enterprises shares trade flat in early session

NEW DELHI: Shares of Religare Enterprises Ltd. traded 0.25 per cent up in Wednesday's trade at 10:39AM (IST). Around 4,711 shares changed hands on the counter.

The stock opened at Rs 41.45 and touched an intraday high and low of Rs 41.6 and Rs 40.8, respectively, in the session so far. The stock of Religare Enterprises Ltd. quoted a 52-week high of Rs 60.6 and a 52-week low of Rs 17.2.

Total market cap of the Religare Enterprises Ltd. stood at Rs 1062.2 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 187.3 crore for the quarter ended 31-Mar-2020, down 0.36 per cent from previous quarter's Rs 187.98 crore and down 8.87 per cent from the year-ago quarter's Rs 205.54 crore.

The net loss for latest quarter stood at Rs 410.28 crore, up 16.75 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2020, foreign institutional investors held 18.16 per cent and the promoters 0.88 per cent.

Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of -1.14 and a price-to-book ratio of 5.47. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Religare Enterprises Ltd. belongs to the NBFC - Diversified industry.