Religare Enterprises Shares: As brokerage houses like Ventura Securities anticipate Religare Enterprises providing hefty returns within the next two years, it becomes important to keep an eye on the shares of the business. Let’s get into the details of Religare Enterprises Limited and its shares with respect to recent developments.
Company Overview
The financial services company REL (Religare Enterprises Limited) operates in three different verticals. Through its operating companies and underlying subsidiaries, REL provides a comprehensive range of financial services, such as:
- Retail broking,
- Health insurance,
- Affordable housing finance, and
- Loans to SMEs.
In India, REL is traded on the NSE (National Stock Exchange) and the Bombay Stock Exchange (BSE). Collectively, Religare serves a wide range of market niches, including mass retail, wealthy consumers, small and medium-sized businesses, and mid-size corporations. With more than 1,275 locations throughout more than 400 cities, subsidiaries provide services to over 1.1 million customers.
Key Details of REL Share
Major details of Religare shares are listed down below.
| Book Value | ₹ 64.06 |
| Face Value | ₹ 10 |
| ROE | -3.07% |
| 52-Week high | ₹ 320 |
| 52-Week Low | ₹ 201.60 |
4 Reasons Why REL Seems to be a Success!
Check out the reasons provided below that clear the game for investors with respect to Religare Enterprises Limited.
Reason 1: US Investors
According to Religare Enterprises, a US-based investor, Danny Gaekwad has offered to purchase a 26% share in the financial services company at a price greater than those presented by organizations supported by the Burman family. In September 2023, REL shareholders were even offered ₹ 2,116 crore to purchase up to a twenty-six percent firm stake through the Burman family, who promote Dabur India and other companies like Eveready Industries.
Reason 2: Offer to Buy
Moreover, the promoters of the FMCG giant Dabur, the Burman family, submitted an open offer to buy a further 26% of Religare Enterprises Ltd. (REL), and the Reserve Bank accepted it last month.
Reason 3: Expansion Strategy
Religare Broking Ltd. (RBL) is probably going to regain market share by combining bargain and traditional broking on its new online platform. There are plans to expand the clientele through inorganic growth as well.
Reason 4: Solid Financials of Religare Enterprises
In Q2 of FY2024-2025, Religare Enterprises recorded a 14.96% increase in revenue over the prior quarter. Furthermore, there was a major rise in profit also. During the same time period, net profit increased by a noteworthy 102.33% year over year. The company reported an overall strong performance in the last quarter. The company’s performance is strong, as seen by these favorable outcomes.
Final Verdict
The reasons listed above are proof enough that Religare Enterprises Limited has a lot of potential and a long way to go. However, investors can better grasp Religare Enterprises’ financial performance, health, and prospects by performing a comprehensive financial study if they are still in two minds.
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