CARE Ratings has revised rating by one notch to AA for Company's long-term debt programme,market linked debentures,subordinated debt and NCDs public issue and NCD issue and to AA- for upper Tier-II bonds,inter-alia,due to revision of rating of the parent company, Reliance Capital Limited.
However,Company continues to grow well on all verticals of business mainly focusing on affordable housing. The AUM have crossed above Rs.15,000 cr mark and continue to grow. The Company's liquidity continues to be in the comfortable zone,having positive ALM specifically in upto 1 year segment & rest of segments as well.
The Company continues on the path of profitable growth & is well capitalised to benefit from macro tailwinds,with robust risk management framework and maintains its growth levels to focus on network expansion and higher productivity. We will continue to improve the efficiencies through a mix of low cost borrowings,strict opex control and robust asset quality.
Shares of Reliance Home Finance Ltd was last trading in BSE at Rs.41 as compared to the previous close of Rs. 48.1. The total number of shares traded during the day was 150127 in over 1562 trades.
The stock hit an intraday high of Rs. 48.95 and intraday low of 40.5. The net turnover during the day was Rs. 6495802.