Religare Enterprises Ltd

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RELIGARE •
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Start SIP in Religare Enterprises Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
71.20% Gain from 52W Low
5.8
TTM PE Ratio
Below industry Median
2.2
Price to Book Ratio
Above industry Median
2.9
Dividend yield 1yr %
0
TTM PEG Ratio
0
RSI
RSI is mid-range
51.7
MFI
MFI is mid-range
49.1

Religare Enterprises Ltd Key Financials

*All values are in ₹ Cr.

Religare Enterprises Ltd shareholding Pattern

Foreign Institutions
9.9%
Mutual Funds
3.7%
Domestic Institutions
7.9%
Public
82.2%

Religare Enterprises Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
9
Bearish Moving Averages
7
5Day EMA
234.40
10Day EMA
234.40
12Day EMA
234.20
20Day EMA
232.40
26Day EMA
231.10
50Day EMA
227.70
100Day EMA
223.20
200Day EMA
211.10
Delivery & Volume
Resistance & Support
232.38
Pivot
Resistance
First Resistance
235.02
Second Resistance
237.88
Third Resistance
240.52
Support
First Support
229.52
Second support
226.88
Third Support
224.02
Relative Strength Index
51.69
Money Flow Index
49.08
MACD
3.09
MACD Signal
3.74
Average True Range
7.31
Average Directional Index
22.72
Rate of Change (21)
2.22
Rate of Change (125)
-3.59

Religare Enterprises Ltd Company background

Founded in: 1984
Religare Enterprises Limited, a leading emerging markets financial services company was originally incorporated as a Private Limited Company on January 30, 1984. The Company is the Holding Company for one of Indias leading financial services groups. The Company offers an integrated suite of financial services including asset management, life and health insurance, lending, broking, investment banking, and wealth management. The Company is headquartered in New Delhi and listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in India. The group started its operations in 1994 when Religare Securities Limited, the groups retail equity broking arm, became a member of the National Stock Exchange. Since then, the group has expanded to offer an array of products and built a distribution network that spans the length and breadth of India. In 2004, Religare Commodities Limited commenced the retail commodities broking business. Religare Finvest Limited, which is registered with the Reserve Bank of India as a NonBanking Finance Company (NBFC), came into its current form in 2008 and has been focusing on providing growth capital to the Small and Medium Enterprises (SME) sector. Religare commenced three other businesses in 2008: wealth management through Religare Macquarie Wealth Management Limited, a joint venture with Macquarie of Australia life insurance through AEGON Religare Life Insurance Company Limited, a joint venture with AEGON of The Netherlands and the mutual fund business by taking over a distressed asset manager which was rechristened Religare Asset Management Company Limited. The latest addition to Religares bouquet of offerings, launched in July 2012, is health insurance through Religare Health Insurance Company Limited in which Union Bank of India and Corporation Bank are equity partners. Religare is building businesses overseas with an emerging markets focus. Religare Capital Markets is an Asia and Indiafocused cash equities business with investment banking capabilities in the region. Religare Global Asset Management is a multiboutique asset management platform that acquires bestofbreed asset managers in the alternative assets space.Religare Enterprises Limited was listed on the Stock Exchanges in India in 2007, after a hugely successful IPO that was oversubscribed 159 times. In the five year period from 200607 to 201112, Religares consolidated revenues have grown ten times from 3.2 billion to 32.5 billion while the balance sheet size multiplied 20 times from 10.1 billion to 203.4 billion. The SMEfocused NBFC is Religares largest business, contributing 57% to Religares consolidated revenue and accounting for 56% of its net worth at the end of FY12.Pursuant to Sale and Purchase Agreement dated November 11, 2008 (SPA) executed with majority shareholders, Alexandra Fund Management (an affiliate of Fullerton Fund Management Company Limited) and Sabre Capital, Company acquired Lotus India Asset Management Company Private Limited (now known as Religare Asset Management Company Limited) (RAMCL) and Lotus India Trustee Company Private Limited (now known as Religare Trustee Company Private Limited) through Religare Securities Limited, a wholly owned subsidiary of Company in June, 2009.Pursuant to Amendment Agreement dated 17.04.2009 executed between the Company, Vistaar Religare Capital Advisors Limited (VRCAL) and Vistaar Entertainment Ventures P. Ltd. (VEVPL), the Company acquired 24% equity shareholding from VEVPL and consequently VRCAL become a subsidiary of Company. Pursuant to Share Subscription and Shareholders Agreement dated May 28, 2009 executed between Company, Maharishi Housing Development Finance Corporation Limited and its Promoters, Company agreed to acquire a controlling stake of 87.5% in Maharishi. Presently, Company is holding 80% in Maharishi and consequently, Maharishi became a subsidiary of Company.Pursuant to the Share Purchase Agreement dated June 12, 2009 executed between Religare Venture Capital Limited (RVCL a wholly owned subsidiary of company), Evolvence Advisory Services Private Limited (EASPL) and its Shareholders, RVCL acquired entire stake of 100% equity shareholding in EASPL and consequently, EASPL became a subsidiary of company.The Company had two wholly owned subsidiaries, Religare Commodities Limited (RCL) and Religare Securities Limited (RSL) engaged in the business of retail commodity broking and retail equity broking respectively. To reorganize the retail business of the group, theentire shareholding of Company in RCL was transferred to RSL w.e.f. May 31, 2010 and as a result of transfer, RCL became wholly owned subsidiary of RSL directly and indirect wholly owned subsidiary of Company.During the financial year ended March 31, 2011, the Company allotted 56,17,977 equity shares on preferential basis and 56,17,977 equity shares pursuant to the conversion of warrants to a promoter group entity. Subsequently, open offer was made by Promoter Group entity for acquisition of shares and voting rights of the Company. Pursuant to completion of open offer, shareholding of promoters/ promoter group entities in the Company increased to approximately 70%.The Company acquired 100% equity stake in RGAM Corporation Private Limited (RGAM) a member of the National Stock Exchange of India Limited and MCX Stock Exchange Limited and Religare Commodity Broking Private Limited. a member of Multi Commodity Exchange of India Limited (RCBPL) on October 12, 2011. The Company transferred its entire investment in Religare Global Asset Management Inc. (RGAM), a US based corporation to RGAM Corporation Private Limited (RGAM India) a wholly owned subsidiary ofcompany and as a result, RGAM becames a wholly owned subsidiary of RGAM India and indirect subsidiary of the Company, effective from May 09, 2012.During 2014, the Company had entered into a joint venture (JV) with the Macquarie Group of Australia which was engaged in the wealth management business in India the JV company was known as Religare Macquarie Wealth Management Limited and had 50%equity holding each by the Company and Macquarie Group. To maximize the synergies between the retail broking business of the Companys subsidiary, Religare Securities Limited (RSL), and the wealth management business, the Macquarie Groups interest in the JV was acquired by RSL and the Companys shareholding in the JV was transferred to RSL, thereby making the wealth management business a wholly owned direct subsidiary of RSL and an indirect subsidiary of the Company. The JV entity was renamed Religare Wealth Management Limited to reflect the change in ownership.Religare Advisory Services Limited (by sale) and Religare Capital Markets (Beijing) Limited (by liquidation) ceased to be subsidiaries of the Company during 201415. YourNest Capital Advisors Private Limited RGAM Investment Advisers Private Limited, a wholly ownedsubsidiary of the Company, acquired 26% equity stake in YourNest Capital Advisors Private Limited and became subsidiary of the Company in 201415. Religare Heal Fund Advisors LLP RGAM Investment Advisers Private Limited and Religare Venture Capital Limited are the Partners in the LLP with 99% and 1% capital contribution, respectively and have become subsidiaries of Company.AEGON Religare Life Insurance Company Limited ceased to be an associate of the Company during 2016. Religare Health Trust Trustee Manager Pte. Limited, Empower Expertise Private Limited and Big Vision Consultants Private Limited ceased to be subsidiaries of the Company during March, 2016. Further, Religare Comtrade Limited, a wholly owned subsidiary of the Company had incorporateda wholly owned subsidiary named Religare Commodity DMCC in Dubai in 2016.The Companys stepdown subsidiary Religare Health Trust Trustee Manager Pte. Ltd., Singapore (RHTTM), part of the Global Asset Management vertical, acted as the TrusteeManager of the Religare Health Trust (RHT). The assets underlying RHT were operated by the sponsor of RHT, i.e. Fortis Healthcare Limited and therefore it was decided to align the ownership of RHTTM with Fortis. Accordingly, the Companys subsidiary RGAM Investment Advisers Pvt. Ltd. which held 90% of RHTTM, and other shareholders of RHTTM sold their entire collective holdings in RHTTM to a subsidiary of Fortis, giving Fortis 100% ownership of RHTTM for a total consideration of USD 14.9 million, which was completed on February 02, 2016.Religare Broking Limited, Religare Insurance Limited and Religare Business Solutions Limited were incorporated as wholly owned subsidiaries of the Company during 201617. Honble NCLT vide its Order dated December 08, 2017 approved the Scheme of Arrangement/ Amalgamation between Religare Securities Limited (excluding broking business which was demerged into Religare Broking Limited, a wholly owned subsidiary of the Company), Religare Commodity Broking Pvt Ltd., RGAM Investment Advisers Private Limited, Religare Venture Capital Limited, Religare Arts Investments Management Limited, Religare Capital Finance Limited, RGAM Capital India Limited, Religare Investment Advisors Limited, Religare Support Services Limited, Religare Arts Initiative Limited and Religare Capital Markets (India) Limited, Religare Broking Limited and Religare Enterprises Limited which merged into with effect from December 29, 2017, for which the Appointed Date of the Scheme was April 01, 2016.Religare Care Foundation was incorporated as Subsidiary of the Company on February 04, 2022. Further, new company, Religare Digital Solutions Limited was incorporated on April 7, 2022 as wholly owned subsidiary of Religare Broking Limited (WOS of Company).
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Religare Enterprises Ltd FAQs

Religare Enterprises Ltd shares are currently priced at 232.15 on NSE and 232.05 on BSE as of 2/22/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Religare Enterprises Ltd [RELIGARE] share was 50.6. The Religare Enterprises Ltd [RELIGARE] share hit a 1-year low of Rs. 135.6 and a 1-year high of Rs. 280.6.

The market cap of Religare Enterprises Ltd is Rs. 7654.48 Cr. as of 2/22/2024 12:00:00 AM.

The PE ratios of Religare Enterprises Ltd is 0 as of 2/22/2024 12:00:00 AM.

The PB ratios of Religare Enterprises Ltd is 3.54 as of 2/22/2024 12:00:00 AM

The Mutual Fund Shareholding was 3.69% at the end of 2/22/2024 12:00:00 AM.

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