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Reliance Cap drops after results
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Shares in Reliance Capital fell on the first day of trade after the company declared on Saturday consolidated net profit had declined 28 pct to 1.12 billion rupees.
The stock had hit a 52-week high of Rs 929.25 on January 19, 2010 and a 52-week low of Rs 611.30 on 21 May 2010.
Shares in the counter ended 3 percent lower at 760 rupees.
Shares of Reliance Capital have dropped over 11 percent so far this year. Do you think it is the right time to invest in this stock?
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Reliance ADAG companies are all giving a negative return to shareholders.Investor’s indifference is persisting since R-Power IPO fiasco.
Rel Cap is no exception.It is showing a continous decline.It is poised delicately on its support point.It would be interesting to watch if it gets a rebound from here or skids to R 745.