Religare share price zoomed over 7 per cent today. It is by far one of the best performing top 500 shares in today's trading session. Top 500 stocks are picked by the research team of Dynamic Levels based on the volatility of the scrip.
Since morning 32,969 shares of the company have been traded on NSE for a total traded value of Rs 87.54 lacs. The 20 days average trading volume of the share is 17,254.
Religare Enterprises has concluded the acquisition of remaining 24.82 per cent stake in Religare Arts Initiative (RAIL) from the minority shareholder. Consequently, RAIL has now become a wholly owned subsidiary of the company. Earlier, in the month of October 2016, the company’s board had approved for acquisition of remaining 24.82 per cent stake in RAIL.
Religare (REL) is one of the holding companies for one of the leading diversified financial services groups of India. The company offers an integrated suite of financial services through its underlying subsidiaries as well as operating entities, including loans to SMEs, Affordable Housing Finance, Health Insurance, Capital Markets and Wealth Management. REL is listed on both the Bombay Stock Exchange (BSE) as well as the National Stock Exchange (NSE) in India.
As a group, Religare caters to almost every segment of the current market from mass retail to affluent, HNIs, UHNIs, mid-size corporates, SMEs to large corporates and institutions. With more than 7000 employees, the group has a presence across more than 1450 locations across pan India.
Religare share price opened at Rs 253.00 from the previous closing of Rs 252.00. The share is currently trading at Rs 265.70, up by 5.44 per cent or 13.70 points.
The intraday high of the share is Rs 275.00 and the intraday low is Rs 253.00.
As of today, the market cap of the company is Rs 4494.03 (Cr) and the book value stands at 215.21. The share trades with an Average Daily Movement [ADM] of 10.27 and the face value is 10. The Lower Price Band is 201.60 and the Upper Price Band is 302.40.
For more information on the historical share price performance of the scrip, please visit Religare share price history page on Dynamic levels website.
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