Religare Enterprises shares gain 11 percent

Bangalore: After having a mixed response from investors, Religare Enterprises ended the day on high note with gain of Rs. 42.35 (10.67 percent). During the day, the company traded in the range of Rs. 396.00 - Rs.454.90. It has 52-weeks high value of Rs.543 and low of Rs.311.75. Overall 717011 shares were trade with current P/E ratio of 813.15. The 52 week stock price chart is on the left.

Religare Enterprises (REL) is a diversified financial services company. The company offers a suite of financial products and services across the retail, institutional and high-net-worth spectrum. It offers a range of products and services, including equity and commodity broking, personal financial services, personal credit, online trading, wealth advisory services, portfolio management services, priority client equity services, arts initiative, international advisory, fund management services, including film fund management and asset management, insurance broking, life insurance, investment banking and institutional broking. The company operates through its 14 operating subsidiaries in India, 23 subsidiaries abroad and three joint ventures in India. On December 4, 2008, REL acquired Religare Asset Management Company. In April 2009, the Company acquired 24 percent interest from Vistaar Entertainment Ventures of Vistaar Religare Capital Advisors.

Other financial companies ended the day on mixed note with Geojit BNP Paribas and India Infoline slipping 1.97 and 0.86 percent respectively, whereas Arihant Capital Market and Aditya Birla Money gained 4.97 and 3.24 percent, respectively.