Share of Religare Enterprises Ltd (NSE: RELIGARE): After a deal of Rs 338 crore of shares of the company, there is a rise seen in this share.
The deal for a 4.4% stake of the company i.e. 1.40 crore shares has been done at the floor price of Rs 234 per share. This price is 2% more than the previous closing of the company’s shares.
On the National Stock Exchange (NSE) the company’s share was trading at 236.75, an improvement of 3.97 percent.
According to the data as of December 31, 2023, the Burman family’s stake in Religare Enterprises was more than 21%. If the Burman family makes this deal, its stake in the company could increase to more than 25 percent.
According to the expert analysis, the ₹236 Share will reach the price target of ₹285 And ₹341.
The Open Offer Will Also Start
This deal will also trigger an open offer in Religare Enterprises per the terms and conditions. The Burman family had also made an open offer to buy a 26% stake in the company in September 2023 at Rs 235 per share.
About Religare Enterprises Ltd
Religare Enterprises Limited is an Indian-based, emerging markets-based financial services company. The company offers a wide range of financial instruments.
The Company through its subsidiaries is principally engaged with broking commodities and securities, investment and lending as well as financial advisory services.
Distribution of financial products from third parties Custodial and Depository operations, as well as health insurance to its customers.
Its subsidiaries comprise Religare Capital Markets International (Mauritius) Limited, Religare Capital Markets (Europe) Limited (RCME), Religare Capital Markets (UK) Limited, Religare Capital Markets Corporate Finance Pte Limited, Religare Capital Markets Inc, Tobler UK Limited, Religare Capital Markets (HK) Limited, Religare Capital Markets (Singapore) Pte Limited and Kyte Management Limited, among other businesses.
Fundamental Analysis of Religare Enterprises Ltd
| Market Cap | ₹ 7,836 Cr. |
| Current Price | ₹ 236.75 |
| 52-wk High | ₹ 280.60 |
| 52-wk Low | ₹ 135.60 |
| Stock P/E | 2.22 |
| Book Value | ₹ 68.0 |
| Dividend | 0.00 % |
| ROCE | 15.5 % |
| ROE | -5.39 % |
| Face Value | ₹ 10.0 |
| P/B Value | 3.48 |
| OPM | 11.6 % |
| EPS | ₹ 107 |
| Debt | ₹ 648 Cr. |
| Debt to Equity | 0.29 |
Religare Enterprises Share Price Target 2024 To 2030.
| Year | 1st Target | 2nd Target |
| 2024 | ₹285 | ₹340 |
| 2025 | ₹345 | ₹365 |
| 2026 | ₹375 | ₹398 |
| 2027 | ₹405 | ₹425 |
| 2028 | ₹455 | ₹485 |
| 2029 | ₹500 | ₹522 |
| 2030 | ₹528 | ₹535 |
Religare Enterprises Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 0.00% |
| Mar 2023 | 0.00% |
| June 2023 | 0.00% |
| Sept 2023 | 0.00% |
| Dec 2023 | 0.00% |
| FII Holding | |
| Dec 2022 | 18.79% |
| Mar 2023 | 18.30% |
| June 2023 | 19.48% |
| Sept 2023 | 11.75% |
| Dec 2023 | 9.89% |
| DII Holding | |
| Dec 2022 | 7.18% |
| Mar 2023 | 7.42% |
| June 2023 | 7.00% |
| Sept 2023 | 7.84% |
| Dec 2023 | 7.75% |
| Public Holding | |
| Dec 2022 | 74.02% |
| Mar 2023 | 74.27% |
| June 2023 | 73.52% |
| Sept 2023 | 80.41% |
| Dec 2023 | 82.36% |
Religare Enterprises Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 2,371 Cr |
| 2020 | ₹ 2,384 Cr |
| 2021 | ₹ 2,513 Cr |
| 2022 | ₹ 3,227 Cr |
| 2023 | ₹ 5,431 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ -1,501 Cr |
| 2020 | ₹ -1,038 Cr |
| 2021 | ₹ -478 Cr |
| 2022 | ₹ -1,539 Cr |
| 2023 | ₹ 3,554 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 7.98 |
| 2020 | 53.02 |
| 2021 | -103.85 |
| 2022 | -4.94 |
| 2023 | 0.35 |
Last 10 Years’ Profit Growth:
| 10 Years: | 7% |
| 5 Years: | 15% |
| 3 Years: | 25% |
| Current Year: | 123% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | -5% |
Sales Growth Over 10 Years:
| 10 Years: | 2% |
| 5 Years: | 12%^ |
| 3 Years: | 25% |
| Current Year: | 39% |
Conclusion
This article is a complete guide about Religare Enterprises Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s prospects and growth potential.
This information will help you in your further investment.
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