Sell Reliance Capital, target Rs 207: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has asell call on Reliance Capital Ltd. with a target price of Rs 207. The current market price of Reliance Capital Ltd. is Rs 219.35 Time period given by the analyst is Intra Day when Reliance Capital Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 228. Reliance Capital Ltd., incorporated in 1986, is a midcap company with a market cap of Rs 5543.17 crore.

Reliance Capital Ltd. key Products/Revenue Segments include Interest which contributed Rs 2198.00 Crore to Sales Value (67.11 % of Total Sales), Income From Sale Of Share & Securities which contributed Rs 774.00 Crore to Sales Value (23.63 % of Total Sales), Dividend which contributed Rs 282.00 Crore to Sales Value (8.61 % of Total Sales), Bad Debts Recovery which contributed Rs 11.00 Crore to Sales Value (0.33 % of Total Sales) and Lease Rentals which contributed Rs 10.00 Crore to Sales Value (0.30 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 5308.00 Crore, up 14.92 % from last quarter Sales of Rs 4619.00 Crore and up 1.24 % from last year same quarter Sales of Rs 5243.00 Crore Company has reported net profit after tax of Rs 281.00 Crore in latest quarter. The company’s top management includes Dr.Bidhubhusan Samal, Mr.Amitabh Jhunjhunwala, Mr.Anil Dhirubhai Ambani, Mr.Jai Anmol Ambani, Mr.Rajendra P Chitale, Mr.V N Kaul, Ms.Chhaya Virani. Company has Price Waterhouse & Co Chartered Accountants LLP as its auditoRs As on 30-09-2018, the company has a total of 252,708,902 shares outstanding.