Reliance Capital Limited (RCL) is a part of the Reliance Anil Dhirubhai Ambani Group. It is a Non-Banking Financial Company (NBFC) based in India. With a remarkable growth rate under its belt it is one of the India’s leading private sector financial services company. RCL was initiated in the year 1986 at Ahmedabad, India with the name Reliance Capital & Finance Trust Limited. Only from the year 1995, the current name of RCL came into effect. Current headquarters of the Reliance Capital Limited is situated at Mumbai, India.
Some milestones of Reliance Capital Limited:
1.In December, 1998 RCL was registered as an NBFC.
2.Securities Exchange Board of India (SEBI) accredited RCL as a Category 1 Merchant banker.
3.It initiated operations with investment banking, landing against securities, portfolio investment etc.
4.RCL entered the capital market in the year 1990.
5.In the year 2006, Reliance Capital Ventures was merged with the RCL giving it a huge shareholder base.
The operational activities of RCL include distribution of financial products, stock broking, private equity and proprietary investments, life insurance services, depository services, general insurance, consumer finance, asset management and mutual fund etc.
Highs of Reliance Capital Limited:
1.It is one of the biggest mutual fund, in India.
2.Life insurance segment is among India’s top four private sector insurers.
3.General insurance segment is among India’s top three private sector insurers.
4.The consumer finance segment has a massive loan size of Rs. 8,511 crores as on 30th June, 2009.
5.As per the official reports, as of 30th June, 2009 the net worth of RCL is Rs. 7,500 crores (US$ 1.6 billion) & the total assets count up to Rs. 25,074 crores (US$ 5.2 billion).
If you want to know the current performance of RCL in the market, you can request information here. Moreover, you are welcome to provide your own stock market news, tips or analysis about investing in RCL. The Indian trade gurus are very excited over the performance of the assets of RCL both in terms of short term and long term trading.
Buy Reliance Capital with target of Rs 832 and stop loss of Rs 804, says Salil Sharma, technical analyst, on CNBC TV18. The stock is currently trading at Rs 814.20, up 0.1% on the BSE.
Buy Reliance Capital with target of Rs 850 and stop loss of Rs 800, says Hitesh Chotalia, technical analyst, on NDTV Profit. The stock is currently trading at Rs 816, up 0.3% on the BSE.
Buy Reliance Capital with target of Rs 830 and stop loss of Rs 802, says Salil Sharma, technical analyst, on NDTV Profit. The stock is currently trading at Rs 811.35, up 0.5% on the BSE.
Sell Reliance Capital with target of Rs 746 and stop loss of Rs 770, says Nikita Surekha, technical analyst, on Zee Business. The stock is currently trading at Rs 768.15, up 1.1% on the BSE.