Reliance Capital Ltd.

NSE: RELCAPITAL | BSE: 500111 | ISIN: INE013A01015 |Industry: Finance (including NBFCs)
|Weak Stock

Reliance Capital Ltd.    
12 Sep 2018
34.75
8.42%
ICICI Securities Limited
ICICI Securities Ltd | Retail Equity Research Reliance Capital reported slightly disappointing results as even with operational businesses being good, the pressure of related group accounts seems to have led to significantly higher ECL provisions (| 442 crore) and MTM on fair value of investments (| 216) crore in last Q1. Networth adjustment also appears to be on the higher side at ~| 5000-6000 crore at least from FY18 base of |16600 crore. Though networth erosion is there led by expected credit loss provisions on...
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Promoters have decreased their holdings by 5.77% of holdings in Jun 2019 qtr.
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