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Reliance Capital surges on 4-fold jump in June-quarter profit


Shares of non-banking finance company, Reliance Capital, surged as much as 12.1 per cent to their highest since August 7.

The company reported an over four-fold increase in June-quarter profit late on Wednesday, partly helped by a jump in net gain on fair value changes.

Reliance Capital also reported its audited March-quarter results on Wednesday, which had been delayed due to the resignation of auditors PwC in June.

The company posted a narrower March-quarter loss of Rs 2,304 crore, versus a loss of Rs 4,025 crore last year.

The stock has marked its sharpest intra-day jump since ...


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