Stock analysts have maintained ‘buy’ rating on Reliance Capital stock with an intraday target of Rs 441.

According to them, interested traders can purchase the stock between Rs 426-428 with a strict stop loss of Rs 405. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 450.

Shares of the company, on Wednesday (Feb 11), closed at Rs 425.75 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 252206. Current EPS & P/E ratio stood at 41.65 and 10.26 respectively. The share price has seen a 52-week high of Rs 2199 and a low of Rs 363 on BSE.

The stock has great potential and it can still exhibit superb surge.

Reliance Capital has announced a 11.34% growth in its consolidated net profit for the three month period ended December 31, 2008.

The company’s profit surged from Rs 1,181.40 million (during the same period of last year) to Rs 1,315.40 million during the quarter.

Net sales for the period rose 36.11% to Rs 1,572.90 million, whereas total income surged 36.15% to Rs 15,733.30 million, when compared with the prior year period.

The company reported earnings of Rs 5.45 a share during the quarter, registering 12.13% decline over previous year period.

Reliance Capital, in Jan 2009, received the necessary regulatory approval from the National Housing Board (NHB) to establish a housing finance division and has plans to become a top player in the home loan business by the next 3-5 years.

Moreover, the company has also received the nod from the central Bank (RBI) to set up non-banking finance company (NBFC) for its consumer loan business, which would primarily focus on vehicle loans and lending to SMEs.

Other stocks from the same sector that looks good for short-term as well as long-term trading includes Religare Enterp, Bajaj Holdings and Shree Gopal Tr.