Reliance Capital Long Term Buy Call

Reliance Capital Long Term Buy CallTechnical analyst Rajesh Tambe of Sunchan Securities has maintained 'buy' rating on Reliance Capital Limited stock for 200% returns.

According to analyst, the stock can be purchased for a period of one year.

The stock of the company, on February 08, marked its closure at Rs 480.40 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 881.90 and a low of Rs 496.80 on BSE.

Current EPS & P/E ratio stood at 12.83 and 36.67 respectively.

Reliance Capital Ltd has declared that a conference of its directors will take place on February 12, 2011, inter alia, to sanction un-audited financial outcomes for the three month ended December 31, 2010 (Q3).

During the last month, Reliance Exchangenext (R Next) a completely owned arm of Reliance Capital has got hold of 26% equity stake in ICEX from Indiabulls Financial services.

The commodity market watchdog Forward Market Commission (FMC) has already sanctioned Reliance Exchangenext as the Anchor shareholder of ICEX.

R Next now possesses 26% equity stake of ICEX share holding.