Stock market analyst E. Mathew has maintained ‘buy’ rating on Reliance Capital stock with an intraday target of 1312.
According to Mr. Mathew, interested traders can purchase the stock on declines near Rs 1264-1252 with a strict stop loss of Rs 1231. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 1319.
Shares of the company, on Thursday (Aug 28), closed at Rs 1284.55 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 1946750. Current EPS & P/E ratio stood at 42.74 and 31.22 respectively. The share price has seen a 52-week high of Rs 2925 and a low of Rs 822.50 on BSE.