Reliance Capital shares surge nearly 9% post Q1 results

Shares of Reliance Capital today

surged nearly 9 per cent after it reported 15 per cent rise in

consolidated net profit for the first quarter ended June 30.

The stock zoomed 8.84 per cent to settle at Rs 717.40 on

BSE. During the day, it gained 9.21 per cent to Rs 719.90 --

its 52-week high.

At NSE, shares of the company rose sharply by 8.96 per

cent to close at Rs 718.65.

The company's market valuation also rose by Rs 1,473.52

crore to Rs 18,125.52 crore.

Reliance Capital has reported a 15 per cent rise in

consolidated net profit to Rs 238 crore in the first quarter

this fiscal.

Its net profit stood at Rs 207 crore in the year-ago

period.

Total income of the company was Rs 4,857 crore in the

June quarter, as against Rs 3,663 crore in the same period

a year ago, Reliance Capital said in a statement yesterday.

As on June 30, 2017, the net worth of the company stood

at Rs 16,777 crore, an increase of 7 per cent.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)