Reliance Capital will start Institutional broking through Rel Money from August 1st reports CNBC.
"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
Prabhudas Lilladher has put a price target of Rs.1337 on Rel Cap which is reasonable.
"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
Those who are considering fresh buying in Rel Cap should stay away at these levels.My target for FY08 and FY09 are Rs.1350 and Rs.1820 respectively incorporating CAGR of 35%..
"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
On consolidated basis, the company registered a net profit (after minority interest and share of profit of associates) of Rs 325.26 crore for the April-June quarter compared with Rs 113.03 crore in the corresponding quarter previous year.
Total income stood at Rs 1176.20 crore in the June quarter from Rs 356.19 crore last year.
Joined: 01/Jan/2006
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Posted: 25/Jul/2007 at 5:36pm
STock does seem to have a long way to go but will an indivisual investor buy a 4 digit stock?
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
Joined: 29/Mar/2007
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Posted: 25/Jul/2007 at 5:41pm
Perhaps makes sense to buy when one is switching from a slow moving expensive stock (there are hundreds of such candidates) to a fast-moving expensive stock (Rel Cap).
I wonder if there were any sale of shares from Rel Cap's portfolio that spiked up their Q1 numbers?
Joined: 01/Jan/2006
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Posts: 18403
Posted: 25/Jul/2007 at 6:04pm
Perhaps makes sense to buy when one is switching from a slow moving expensive stock (there are hundreds of such candidates) to a fast-moving expensive stock (Rel Cap).
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Price movements can de deceptive. I guess you are talking in terms of sales and profit growth numbers.
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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