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 ICICI Securities's Stock Idea
ICICI Securities is Bullish on Reliance Capital Ltd.
Idea Submitted on 12Sep,2018
  • 125 Total Ideas
  • 4 Active Ideas
  • 121 Closed Ideas
  • 0 Friends
  • 5 Followers
  • Avg. Returns
     -7.2%
    Rank
    102
    Success Rate
      36%
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      Buy Reliance Capital Idea
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      Idea Status :  Closed
    Stop Loss Triggered
    Idea Closed at 252 (08Oct,18 09:47:am)
     Time Frame
    1year
     Start Price
    420
     Target Price
    525
     Stop Loss
    252
     Projected Gain
    105 (25% Upside)
     Returns Achieved
    -168     -40%
     Analysis

    Individual subsidiaries have reported stable earnings and an improvement trajectory. We expect PAT to grow at 8% CAGR in FY18 - 20E to 1525 crore. We expect RoE to improve to 12.5% in FY19E with improving RoE of individual businesses and lower networth. Accordingly, we revise downwards the stock valuation to 525 per share on an SoTP basis (660 earlier). We factor 200 per share cut towards group exposures. We maintain our BUY rating on the stock.

    • Stoploss not specified.(stoploss of 40% auto inserted)

    Link to Report: READ FULL REPORT

     Stock Price Movement (EOD Basis)
     C.M.P Reliance Capital
    12.55
    Sentimeter
    Buy Calls: 13 Sell Calls: 6
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