Mumbai: Reliance Capital on Thursday said that its net profit surged by 77 percent to Rs.812 crore ($149 million) in the financial year ended on March 31, 2013.
The company, a part of Anil Ambani-led Reliance Group, said its consolidated total income jumped by 13 percent to Rs. 7,519 crore ($1.4 billion), largely due to a sharp increase in “topline of general insurance, commercial finance and asset management businesses, and sale of stake in Reliance Capital Asset Management.”
Reliance Capital’s earning per share increased by 77 percent to Rs.33.1.
The company’s total assets jumped to Rs.40,588 crore ($7.5 billion) as on March 31, 2013, registering an increase of 15 percent year-on-year.
Reliance Capital is one of India’s leading private sector financial services companies, having interest in asset management, mutual funds, life and general insurance and broking businesses among others.
Share price of Reliance Capital rose 0.35 percent at Rs.373.70 at the Bombay Stock Exchange (BSE) here on Thursday.
technical study – as per the daily chart of reliance capital, we can clearly see that it has completed its falling movement and started up move from 340-350 level. at present trend line suggesting that its having 390 very strong resistance now and 350 very strong support. so we request all investors and traders please have a look the chart and according to levels take your positions…
above 390 if able to give close then we can see 420-450-480 levels upside.
below 350 we may see again 300-270 levels..