Nirmal Bang Research has maintained 'Sell' rating on Reliance Capital stock to achieve a target of Rs 515.

According to research report, investors can sell the stock with a strict stop loss of Rs 585.

Today (May 11), the stock opened at Rs 595 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 39.41 and 14.42 respectively. The share price has seen a 52-week high of Rs 1470 and a low of Rs 274.20 on BSE.

Nirmal Bang is of the view that investors should sell the stock today in order to avoid loss.

After selling the stock, the interested investors can enter the stock again at a low price, for medium term prospective to make good returns.

For the quarter ended March 31, 2009, Reliance Capital recorded a fall of 14.75% in its consolidated net profit after minority interest and profit share.

During the period, the company's consolidated net profit after minority interest and share of profit stood at Rs 3116.40 million.

The company's consolidated total income witnessed a marginal increase of 3.53% at Rs 16347.10 million.

Credit rating agency Fitch Ratings, On April 02, affirmed Reliance Capital (RCL) National Short-term rating at `F1+(ind)`, as well as the `F1+(ind)` National rating of its Rs 30 billion short-term debt programme.

RCL`s rating shows its sensibly strong capitalization and top rankings some of its key businesses sustain in the Indian financial services business.

A part of the Reliance Capital, Reliance Money Express, during March 2009, announced that the company would acquire 51% stake in No 1 Currency, the UK's independent foreign currency specialist.

After acquiring the stake, Reliance Money Express will become the first Indian company to get into an international foreign exchange company.

Moreover Reliance Money, the retail brokerage arm of Reliance Capital, is aiming to cross the 10 million clients score by the end of 2010.