In its latest research report, Nirmal Bang, an equity research firm said that Reliance Capital can give good returns in short term.

According to Nirmal Bang Research, interested traders can buy the stock with a strict stop loss of Rs 810.

The report further stated that, if the counter is successful to breach 860, then it will hit Rs 905.

Today (Aug 28), the shares of the company opened at Rs 848.70 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 30.35 & 28.73 respectively. The share price has seen a 52-week high of Rs 1433.85 and a low of Rs 274.20 on BSE.

Reliance Capital Ltd, on Aug 18, said that it intends to become one of the top companies in each of its businesses such as life insurance, mutual funds and stock broking.

Reliance Capital (RCL) has posted a 56% fall in its consolidated net profit for the three month period ended June 2009.

The company registered a net profit of Rs 1.51 billion for the period as against Rs 3.43 billion for the quarter ended June 30, 2008.

The company's total income during the quarter dropped marginally 3% to Rs 14.69 billion.

While commenting on financial performance, the company said, ``Decrease in total income and profits were due to planned lower contribution from finance and investments, while the core businesses of asset management, insurance and consumer finance maintained steady revenue flows.``

For this quarter, lower capital gains were reserved, because of the planned partial stake sale later this year in Reliance Life Insurance, subject to necessary approvals.

Being the sole recipient of Reliance Life Insurance, the full benefit of this value unlocking will form a part of Reliance Capital`s net profit for the current financial year, it added.