RELIGARE

Peer Group

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Promotor Holding Latest Quarter(%)
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Price to Book
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1170807521/11/2007Finance & Investment80214.58.37.412.7-0.94.118.522.3DAILY240.32240.02235.72222.34225.03234.26224.85225.76225.9228.1931.8TrueTrue23.27NAFalseFalseFalse108.3Financial Services69.7FalseFalseFalseFalseFalseFalse4.9False201.3826.633.332.7False1405430.251764275.621636088.611646802.61496557.2False12.562.0361.462.531.43.732.92.926.426.465.412/05/20260False,False;False,False;False,False[True, False, False]['2025-07-23', 295.0, '2026-03-09', 196.5]231.28Dec 2025:14/02/2026,Sep 2025:13/11/2025,Jun 2025:12/08/2025Religare Enterprises Limited8.18.7Jun 2025:NA,Sep 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7f96baab-04ea-4141-8fe8-ccd98f06a06b.pdf,Dec 2025:https://www.bseindia.com/xml-data/corpfiling/AttachLive/eeb99c86-3990-40f3-83d8-d3a3c35c4f1d.pdf,Mar 2026:https://www.bseindia.com/xml-data/corpfiling/AttachLive/38ef75a5-c95e-408d-8340-384c9799728a.pdf7.111.811.811.8NSE4865808795.65-76.5445.938.12150.72-63.2268.6126.81225-36.52.47-1.361.170.312.98-1.31.550.55281.6-17.12.583.792467.422056.382076.591861.382041.861668.461951.861709.542020.827.485.78-4.613.230.8211.62-3.693.893.33225.4-50.3Mar 20263.173.060.171.6
93.1
0.24-0.8141.3224.3272.11Religare Enterprises Limited, through its subsidiaries, provides various financial services in India and internationally. It operates through Investment and Financing Activities; Broking Related Activities; E-Governance; and Insurance segments. The company provides small and medium enterprise financing; and housing finance products comprising home-purchase, home construction, and home improvement loans. It also offers broking services in equity, currency, and commodity; and depository participant services, as well as operates as a NSDL-appointed enrolment agency for Aadhaar Unique Identification Number, and a mutual fund distributor. In addition, the company provides health, critical illness, personal accident, top-up coverage, international travel, and maternity insurance products, as well as group health and personal accident insurance for corporates. Further, the company engages in the permanent account number issuance; tax deduction 67 corporate overview statutory reports financial statements and collection account number and e-TDS returns; acting as a business correspondent for banking services; bharat bill payment systems and recharges; ticketing for airlines, railways, buses, and tourism through online and offline platforms; digital signature certificate and token services; and operating as a central record keeping agency facilitation center. The company was incorporated in 1984 and is headquartered in New Delhi, India. **Website:** [https://www.religare.com](https://www.religare.com)30.2753.367.858.5226.277.619.332.756790.5739.910.8
198999717/10/2011Finance & Investment9351764.351.9106.9111.80135.5DAILY25.114.8715.617.0919.9315.6218.120.1520.2721.880.4FalseFalse2.74NATrueFalseFalse488.6Financial Services74FalseFalseFalseFalseFalseFalse8.4False50.710.30.60.3False208835.15375625.18158374.51276095.08226377.68False2.89697.7497.9305.55.14.94.8646497NA2.9True,True;True,True;True,True[True, False, False]['2026-05-22', 25.1, '2025-06-03', 10.7]25.1Dec 2025:03/02/2026,Sep 2025:30/10/2025,Jun 2025:07/08/2025Onelife Capital Advisors Limited6767Jun 2025:NA13.519.622.332.1NSE48658087-1.87-4.83-0.524.15-2.88-6.80.651.861.335.1-0.45-1.21-0.382.79-0.73-5.040.441.1662.838.4-1.370.10.513.860.851.231.331.527.2132.41-86.8-61.73.66-586.27-117.88-141.18-473.17-93.23-2108.5516.519.07-397.3-528.8Dec 2025-47.39-26.661.29-225.74
-31.4
0-0.01-26.06NA-13.9452.5Onelife Capital Advisors Limited, together with its subsidiary, provides strategic advisory services to corporates, high net worth individuals, and family offices in India. It operates through Advisory Services, Broking Services, and Other Business segments. The company offers advisory services for fund raising, as well as acquisition financing and structuring the deal; and brokerage on the buying/selling of commodities option/futures. It also provides research services for castor oil and derivatives, food processing, glass, infrastructure, metals, oil and gas, oral care, packaging, payment gateway, pharma, power, and recycle sectors. In addition, the company is involved in the business of financing and financing arrangements. Onelife Capital Advisors Limited was incorporated in 2007 and is based in Thane, India. **Website:** [https://www.onelifecapital.in](https://www.onelifecapital.in)26.0373.970052.0900.013.7105.2984.9116.32
295849708/07/2015Finance & Investment38471.41.19.748.746.646.91081.1DAILY584.8NA425.26491.68569.83NA510.48557.67559.38572.123FalseFalse3.1NAFalseFalseFalseNAFinancial Services47.1FalseFalseFalseFalseFalseFalse5False200.517.217.612.4False397003427992.92NA400412.53371390.1FalseNA92.5294.494.85144.44.54.972.872.81016/04/20260.4False,False;False,False;False,False[True, False, False]['2026-05-07', 650.0, '2026-02-02', 323.0]516.7Dec 2025:23/01/2026,Sep 2025:13/10/2025SG Finserve Limited13.225.8Jun 2025:https://www.bseindia.com/xml-data/corpfiling/AttachHis/bcbc6d10-a1eb-4844-8728-ec69e6cbbb36.pdf,Sep 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dad9516f-97ee-40b9-b509-a83e6b640d41.pdf,Dec 2025:https://www.bseindia.com/xml-data/corpfiling/AttachLive/bb8f1bcd-8748-450c-b5ee-051a7a77c4f9.pdf,Mar 2026:https://www.bseindia.com/xml-data/corpfiling/AttachHis/b54406b2-af4c-418b-a84d-a5a0e2d3063d.pdf6.78.89.218.5NSE4865808742.2732.4728.424.5223.7923.6914.1219.3930.277.76.485.815.084.394.264.242.533.4711.552.119.5614.49105.4185.8474.7267.5954.0942.4930.8943.5422.894.9169.3993.9992.7592.2687.0192.0178.7267.386.331.32.2Mar 202610.329.321.8591.91
29.9
0.16-0.212.610.3322.5628.53NA52.9143.610.233.2550.30.073.462.616353.5920.7219.06
392548014/12/2021Finance & Investment29702-0.6-0.2-1.116.624.893.94.396.5DAILY3575.53076.293151.093397.643581.653028.453435.263556.063559.193573.793.6FalseFalse4.73Nifty Capital Markets,Nifty 500,Nifty Smallcap 250,Nifty Midsmallcap 400FalseFalseFalse109.7Financial Services56.9FalseFalseFalseFalseFalseFalse1.4False200.3734.734.530.9False262025.15267819.68256765.4267391274799.78False6.393.4692.5492.384.22.12.12.12.466.466.44.309/04/20260.1True,True;True,True;True,True[True, False, False]['2026-04-17', 3735.0, '2025-05-22', 1819.9]3553.7Dec 2025:12/01/2026,Sep 2025:13/10/2025,Jun 2025:10/07/2025Anand Rathi Wealth Limited0.65.1Jun 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=993d7522-c747-4bbc-9aa9-baccec3f466f.pdf,Sep 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=acdde4fd-53c4-4a71-9ae1-2fd7a4e4d8ee.pdf,Dec 2025:https://www.bseindia.com/xml-data/corpfiling/AttachLive/cecc085c-d5ac-4c0b-97a9-fb83d7a748c5.pdf,Mar 2026:https://www.bseindia.com/xml-data/corpfiling/AttachHis/37cd45cc-8ae2-41c5-a613-85595f83d168.pdf4.54.54.55.9NSE[3619.9, '12/05/2026', 'DAILY']['DAILY', '2026-05-22', '2026-05-21']48658087102.2399.8197.1692.2372.4377.376.3173.442.441.112.3112.0211.9711.288.729.289.178.832.441.247.1535.58277.24279.43286.08264.74213.29237.04242.48237.61-0.83035.9529.9746.3446.7947.3741.5745.1742.9441.34-35.3-27.9Mar 202645.357.470.0847.37
75.8
-0.88-0.3502.3372.6154.13Anand Rathi Wealth Limited provides financial advisory, brokerage, and consultancy services in India. The company offers wealth solutions, including investment planning and risk management solutions. It also operates Omni Financial Advisor, a technology platform for mutual fund distributors and independent financial advisors, which include client reporting, business dashboard, client engagement, online mutual fund transactions, and goal planning products. It serves high net-worth individuals and ultra-high net-worth individuals. The company was formerly known as Anand Rathi Wealth Services Limited and changed its name to Anand Rathi Wealth Limited in January 2021. Anand Rathi Wealth Limited was founded in 1994 and is based in Mumbai, India. **Website:** [https://www.anandrathiwealth.in](https://www.anandrathiwealth.in)43.1242.015.789.143.126.669.4528.9629544.1851.6324.46
485655501/09/2017Finance & Investment936142.301.93.27.761.3564.5DAILY357.3325.49339.11334.79351.73318.66343.14349.64349.96352.48188.8FalseFalse82.51Nifty 500,Nifty Midcap 150,Nifty Midsmallcap 400FalseFalseFalse88Financial Services31.5FalseFalseFalseFalseFalseFalse2.9TrueNo Band0.6694.682.6105.8False5337634.44702756.445688666.145473628.995088077.32False10.390.8587.5386.1410.52.9332.97272504/05/20260.5True,True;True,True;True,True[False, False, False]['2026-05-07', 376.0, '2025-05-27', 217.1]356.15Dec 2025:03/02/2026,Sep 2025:30/10/2025,Jun 2025:04/08/2025Aditya Birla Capital Limited3.38.7Jun 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=68cf76a9-d379-42d2-b2fc-9b9039dee939.pdf,Sep 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=69b2a3f3-6025-420e-aba0-87c0315cf794.pdf,Dec 2025:https://www.bseindia.com/xml-data/corpfiling/AttachLive/a059e0fa-fbc0-41e3-8b1a-0c5bac3130ff.pdf,Mar 2026:https://www.bseindia.com/xml-data/corpfiling/AttachLive/86fa7612-3534-43e1-af99-10403ab1ad93.pdf5.65.65.710.2NSE[369.5, '08/12/2025', 'WEEKLY']['WEEKLY', '2026-05-18', '2026-05-11']486580871164.72965.85882.47850.77885.61724.381020.68779.2420.631.54.313.613.273.23.322.723.842.9219.429.814.3712.7813459.2511952.0910594.969502.6912214.049381.3510322.018672.612.610.218.7733.6936.0437.7740.5231.0737.3636.0237.07-6.58.4Mar 202611.748.725.2236.68
24.9
1.86-0.96-0.07-3.3120.7317.99Aditya Birla Capital Limited, through its subsidiaries, provides various financial products and services in India and internationally. It operates through NBFC, Housing Finance, Life Insurance, Asset Management, General Insurance Broking, Stock and Securities Broking, Health Insurance, and Other Financial Services segments. The company offers housing loans, such as home extension, renovation, construction, and plot and construction loans; loan against property; personal and flexible loans; secured and unsecured business loan; corporate loans; lease rental discounting; construction finance; and SME loans, as well as loans against securities. It also provides debt, equity, hybrid, retirement, children's, exchange traded, and index funds, and fund of funds; equity trading, margin trading facility, and bonds; fixed deposit and digital gold; and tax planning services; mutual funds; stock and securities; pension funds; and portfolio management services. In addition, the company offers life insurance, including term insurance, and retirement, savings, and ULIP plans; health and wellness, and super top-up health insurance plans; and motor insurance comprising bike and car insurance products, as well as group life, health, and corporate general insurance products. Further, it provides payment solutions and credit card products. The company was incorporated in 2007 and is based in Mumbai, India. Aditya Birla Capital Limited operates as a subsidiary of Grasim Industries Limited. **Website:** [https://www.adityabirlacapital.com](https://www.adityabirlacapital.com)68.5110.647.0113.7168.585.1514.672.72268449.4915.565.9
582897724/09/2024Finance & Investment4533-3-0.213.1147.928.312.843.6DAILY280.5255.75256.62250.23278.1252.74261.95274.86275.53281.3533.6FalseFalse16.16NAFalseFalseFalse61.2Financial Services100FalseFalseFalseFalseTrue11/05/2026True4.4False200.4128.217.715.8False1145297.7722238.721404809.89853660.921088631.9False81.380.6580.680.55.83.64.94.23.840.840.819.9NA1True,True;True,False;False,False[False, True, False]['2026-05-11', 321.7, '2025-06-20', 195.3]310.75Dec 2025:30/01/2026,Sep 2025:31/10/2025,Jun 2025:29/07/2025Northern Arc Capital Limited318.1Jun 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=47aeae16-2f2b-4562-905b-38fc7104f91a.pdf,Sep 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d705ea70-36dc-4fe2-837e-9c528a2dcac6.pdf,Dec 2025:https://www.bseindia.com/xml-data/corpfiling/AttachLive/350abfbb-feb8-46c1-9683-1330182debe6.pdf,Mar 2026:https://www.bseindia.com/xml-data/corpfiling/AttachLive/62c857ad-634a-459b-9b26-108ec1d62cbd.pdf6.58.11022NSE['DAILY', '2026-05-22', '2026-05-21']48658087132.65101.790.9878.2538.3873.1796.1593.6130.4245.68.26.245.685.022.344.696.0510.4531.4250.425.1318.87741.66721.14627.45605.43602.52576.08585.27577.742.823.131.5856.0850.8853.0653.339.1453.6458.3357.4610.243.3Mar 202611.089.713.1553.49
11.2
-0.19-1.1800.538.5510.93Northern Arc Capital Limited operates as a non-banking financial company in India. The company offers microfinance; micro, small and medium finance; vehicle finance; consumer finance; housing finance; and agricultural finance products; and small business and gold loans, as well as fund management services. It also provides debt products, such as term and working capital loans, non-convertible debentures, principal protected market linked debentures, commercial papers, external commercial borrowings, and sub-debt products; and credit-enhanced debt products, including guarantee-backed lending, single issuer partial credit enhanced, pooled loan and bond issuance program, and credit enhanced non-convertible or market linked debentures. In addition, the company offers portfolio financing products comprising rated securitization, multi-originator microfinance securitization, persistent securitizations, and direct assignment. Northern Arc Capital Limited was formerly known as IFMR Capital Finance Limited and changed its name to Northern Arc Capital Limited in February 2018. Northern Arc Capital Limited was incorporated in 1989 and is based in Chennai, India. **Website:** [https://www.northernarc.com](https://www.northernarc.com)085.377.517.1107.78.291.1616293.6211.246.06
680319217/08/2010Finance & Investment3886.35.9-5.931.15.6-0.519.960.2DAILY173.05163.27157.78150.91163.66166.56155.61162.44162.71164.841.6FalseFalse0.98NAFalseFalseFalse251.2Financial Services43.5FalseFalseFalseFalseFalseFalse10.8False201.241.51.10.8False97069.8572347.4846600.8479868.8796710.12False049.1966.1475.282.45.75.86.16.924.824.861.123/05/2026-0.2False,False;False,False;False,False[False, False, False]['2025-09-30', 216.0, '2026-03-02', 108.0]184.15Dec 2025:04/02/2026,Sep 2025:12/11/2025,Jun 2025:06/08/2025Industrial Investment Trust Limited28.142.1Jun 2025:NA12.214.314.315.6NSE[177.6, '29/04/2026', 'DAILY'][177.6, '15/12/2025', 'WEEKLY']48658087-25.476.28-3.2210.33-6.2-5.597.04-505.6-310.8-11.312.71-1.464.56-3.34-2.294.153.26-517.3-238.6-5.511.78-41.1811.1-0.8215.53-5.37-4.1914.4811.65-471-666.9NA77.0577.21415.8586.54143.58162.7783.4381.46-0.2-46.3Mar 2026-2.84-3.50-85.36
-31.4
-1.7702.56NA-3.8315.09Industrial Investment Trust Limited, a non-banking financial company, engages in the investment activities in India. It invests in equity shares, mutual funds, fixed deposits, treasury bills, and corporate loans; and provides loan against property, lease rental discounting, and loan against securities. The company also engages in the real estate activities and construction of residential complexes; as well as offers advisory and consultancy services. The company was incorporated in 1933 and is based in Mumbai, India. **Website:** [https://www.iitlgroup.com](https://www.iitlgroup.com)56.4636.645.31.4153.97.071.410.91366.38-27.95-23.84
777818126/09/2023Finance & Investment27014-1.21.5817.258.91335DAILY1480.91364.713761319.451446.11349.731378.841443.051446.421476.77121.5FalseFalse8.37Nifty Capital Markets,Nifty 500,Nifty Smallcap 250,Nifty Midsmallcap 400FalseFalseFalse96.9Financial Services45.9FalseFalseTrue08/05/2026TrueTrue08/05/2026True2.8TrueNo Band0.2798.16864.6False800908.5556911.44597229.15624225.07694607.99False18.676.974.48758.33.14.23.83.448.848.81311/05/20260.1False,True;False,False;False,False[False, True, False]['2025-06-30', 1701.7, '2026-03-23', 1096.9]1631.5Dec 2025:23/01/2026,Sep 2025:04/11/2025,Jun 2025:13/08/2025Nuvama Wealth Management Limited-7.42.3Jun 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=445c30f8-43de-443e-8543-66a03fa7d602.pdf,Sep 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dcc793ab-7071-4860-8fce-7781464a94b3.pdf,Dec 2025:https://www.bseindia.com/xml-data/corpfiling/AttachLive/f7205925-ac21-407f-8556-face35080155.pdf,Mar 2026:https://www.bseindia.com/xml-data/corpfiling/AttachLive/7f0b69cf-e4f0-4a6a-a02c-8d13b968c75d.pdf5.16.5720.3NSE48658087268.79253.62253.98263.87255.27251.71257.31220.7765.314.7913.9614.0914.6614.214.0514.4362.445.94.257.1954.821269.141104.191134.711122.651119.811034.351053.1949.4314.913.327.3249.5354.9952.2954.4851.3356.2453.6451.91-9.9-3.5Mar 202627.3617.492.852.72
25.9
0.55-0.07-0.070.5125.0325.75Nuvama Wealth Management Limited engages in wealth management, asset management, and capital markets businesses in India. The company provides debt advisory and clearing services; and portfolio management and investment advisory services. It is involved in institutional broking business; distribution of financial products; lending against securities; and investment management business for alternative investment funds. The company was formerly known as Edelweiss Securities Limited and changed its name to Nuvama Wealth Management Limited in August 2022. Nuvama Wealth Management Limited was incorporated in 1993 and is based in Mumbai, India. **Website:** [https://www.nuvama.com](https://www.nuvama.com)54.1320.6216.948.354.216.398.376.5416551.386.693.57
877867208/05/2026Finance & Investment3897-5.218.211.111.111.111.110.722DAILY231.74NANANANANANANANA222.99NAFalseFalse12.65NAFalseFalseFalseNAFinancial Services75.2True08/05/2026FalseTrue08/05/2026FalseTrue08/05/2026False7.6False20NANANANAFalseNANANANANAFalseNA77.0677.2177.422.59.2NANANA0010.727/05/20260.5False,False;False,False;False,False[False, False, False]['2026-05-21', 259.5, '2026-05-08', 190.0]NANAOnEMI Technology Solutions LimitedNANAJun 2025:NA14.12525.1NANSE48658087NANANANANANANANANANANANANANANANANANANANA299.49412.72NANANANANANANANANANANANANANANANANANANANANADec 202517.8419.771.5632.39
0.8
0000.66NA0.7NA24.850.145.119.1124.85.119.11NA5321.6112.153.93
976221912/07/2011Finance & Investment676840.1-3.8-8.1-9.8-7.755.51859.6DAILY270.15272.19286.41274.52284.69264.34280.56281.04281278.3150.1FalseFalse85.21Nifty 500,Nifty Midcap 150,Nifty Midsmallcap 400FalseFalseFalse77.4Financial Services34FalseFalseFalseFalseFalseFalse3.2TrueNo Band1.326161.576.7False5271954.95358161.486684997.685727875.955186194.77False1386.868178.819.12.93.12.92.856.856.81824/04/2026-0.3True,True;True,True;True,True[False, False, False]['2026-01-06', 329.5, '2025-05-30', 169.2]303.35Dec 2025:16/01/2026,Sep 2025:15/10/2025,Jun 2025:18/07/2025L&T Finance Limited-6.95.2Jun 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e1801c47-6b6c-4d46-a837-69f3c283b46c.pdf,Sep 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=760fb69d-4698-40ff-8ac5-bb98d0633525.pdf,Dec 2025:https://www.bseindia.com/xml-data/corpfiling/AttachLive/775c0fe8-b184-49a9-b957-cfa45f04faa0.pdf,Mar 2026:https://www.bseindia.com/xml-data/corpfiling/AttachLive/452a34c0-6c33-4d82-b30b-862db9a7f6e9.pdf6.66.68.113.9NSE48658087809.16737.99734.88700.84635.84625.65696.68685.259.627.33.222.952.942.812.552.512.792.759.226.311.910.64771.034578.274335.754259.574022.924097.584019.343784.44.218.66.0560.3960.6861.6761.560.759.160.8260.83-0.5-0.5Mar 202611.228.43.9461.23
22.7
0.98-0.42-0.040.0920.9719.55L&T Finance Limited, a non-banking financial company, provides various financial products and services in India. It offers housing loans; personal loans for medical emergency, home renovation, wedding, vacation, education, and debt consolidation; two-wheeler loans; business loans, such as SME, doctor, chartered accountant, and professional loans, as well as supply chain financing solutions; rural loans comprising vikaas loans, vishwas loans, pragati loans, and micro loans against property; farmer loans, including new tractor loans, agri-implement loans, kisan suvidha top up, kisan suvidha top up plus, refinance loan, and warehouse receipt finance services; and loans against property. The company was formerly known as L&T Finance Holdings Limited and changed its name to L&T Finance Limited in March 2024. L&T Finance Limited was incorporated in 1994 and is headquartered in Mumbai, India. L&T Finance Limited operates as a subsidiary of Larsen & Toubro Limited. **Website:** [https://www.ltfinance.com](https://www.ltfinance.com)65.9911.487.6414.9166.036.6615.332.42170023.3615.59.49
107493206/12/2022Finance & Investment53-1.8-5.2-12.4-5.3-11.746.84558.7DAILY18.519.0320.2118.6519.218.5319.1319.0819.0718.830FalseFalse1.05NAFalseFalseFalse25.8Financial Services36FalseFalseFalseFalseFalseFalse8.2False201.33000False7998.9510963.7228961.0911579.838491.92False59.980.5174.6373.8318.78.57.47.47.534.434.44521/05/20260True,False;True,False;True,False[False, False, False]['2025-10-23', 33.6, '2025-06-02', 11.7]21.99Dec 2025:10/02/2026,Sep 2025:29/10/2025,Jun 2025:25/07/2025Hybrid Financial Services Limited-1.86.2Jun 2025:NA13.513.813.819.1NSE486580870.440.441.090.11.070.321.111.340-58.90.150.150.370.250.360.110.380.460-58.30.920.71.161.231.520.341.961.281.791.39-5.7-40.840.38-48.2838.2151.975.8855.6139.8463.6947.48-226.4-186.8Mar 20269.789.450.0230.16
20.1
0-0.100.2330.8326.91Hybrid Financial Services Limited, together with its subsidiaries, provides management consultancy services primarily in India. The company offers debt recovery advice; and consultancy services in financial, secretarial, commercial, legal, direct and indirect taxation, other levies, statistical, accountancy, and other fields. It also engages in share and stock broking; investment; and depository participant and marketing of financial products. The company was formerly known as Mafatlal Finance Company Limited and changed its name to Hybrid Financial Services Limited in 2008. Hybrid Financial Services Limited was incorporated in 1986 and is headquartered in Mumbai, India. **Website:** [https://www.hybridfinance.co.in](https://www.hybridfinance.co.in)64.0235.3900.5964.0200.691.2333.9411.955.99
1268787808/04/2005Finance & Investment22642.410.16.315-17.7-17.720.750.8DAILY174.25NANA154.06170.7NA161.59165.27165.43165.852.9FalseFalse4.52NAFalseFalseFalseNAFinancial Services34.8True21/05/2026TrueTrue21/05/2026TrueTrue21/05/2026True4.9False200.722.72.72.7False166716.05168256.12NA159848.27165197.95FalseNA43.5853.5861.321.45.25.45.55202020.727/05/20260.2False,False;False,False;False,False[True, False, False]['2025-12-03', 219.7, '2026-03-30', 115.5]185.16Dec 2025:13/02/2026Jaykay Enterprises Limited8.918.1Jun 2025:NA10.211.811.817.9NSE486580876.788.7720.2-4.425.390.515.034.89-22.725.80.510.651.65-0.310.440.040.390.44-21.515.90.570.7359.9763.0755.4510.9621.7330.8117.1430.03-4.9176204.1120.0617.4912.41-43.526.354.517.76-0.3314.7215.9Dec 2025-0.021.330.1513.29
69.4
0.0500NA85.4264.3NA65.1934.630.18065.190.1304.762214.4934.1111.69
136514411/11/2013Finance & Investment10660.9-1.8-10.4-21.24.98.831.741.9DAILY1016.31015.91065.251125.431072.951028.941092.861063.831061.791035.10.7FalseFalse0.27NAFalseFalseFalse44.1Financial Services25.4FalseFalseFalseFalseFalseFalse1.4False200.540.5126.7True6220.65146974.4862320.753846.713085.2False26.979.8474.7470.9125.32.633.43.564.864.831.7NA0True,False;True,False;True,False[False, False, False]['2026-03-10', 1487.7, '2025-08-28', 716.0]1415.6Dec 2025:13/02/2026,Sep 2025:13/11/2025,Jun 2025:13/08/2025Jindal Poly Investment and Finance Company Limited-7.735.2Jun 2025:NA3.23.95.813.5NSE['DAILY', '2026-05-22', '2026-05-21']48658087702.0557.5462.7666.6533.43139.8155.9598.491120.12000.1667.8654.7459.763.431.813353.2393.691120.12000.2281.43281.18961.819.118.357.837.87.98.1613.78493312230.898.4387.3299.4899.0498.698.8598.7399.0299.06-12.2-11.7Dec 202514.1712.830.0187.74
1.2
0.0700-0.060.382.02Jindal Poly Investment and Finance Company Limited engages in investment activities in India. The company was incorporated in 2012 and is headquartered in New Delhi, India. **Website:** [https://www.jpifcl.com](https://www.jpifcl.com)74.6324.740.190.4474.630.120.440.651091.541.091.09
1464405620/05/2022Finance & Investment10969-1.5-6.5-3.73.64.94.114.524.8DAILY2647.82594.462538.912544.392795.222557.672634.672726.542729.372729.669.5FalseFalse1.85NAFalseFalseFalse95.9Financial Services44.7FalseFalseFalseFalseTrue11/05/2026False3.5False201.955.65.65.7False34351.6534392.3841186.6235052.434766.45False52.871.0667.7966.38253.63.43.13.644.844.829.107/05/20260.3False,True;False,False;False,False[False, False, False]['2025-07-31', 3098.0, '2026-03-09', 2121.0]2937.2Dec 2025:28/01/2026,Sep 2025:04/11/2025,Jun 2025:30/07/2025Prudent Corporate Advisory Services Limited-9.90.4Jun 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bd161a61-30c3-46bc-b276-6a58714a5ef5.pdf,Sep 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=57982ac7-52c4-41e3-b4e3-91aa441ba09c.pdf,Dec 2025:https://www.bseindia.com/xml-data/corpfiling/AttachLive/bfe13428-b905-44d0-a7b6-dc301353a5ad.pdf,Mar 2026:https://www.bseindia.com/xml-data/corpfiling/AttachLive/966f1ee1-0072-43f1-b23f-b8a497bc3bca.pdf6.18.18.711.8NSE4865808759.1157.6353.5451.7851.7448.1951.5244.22.614.214.2813.9212.9312.5112.511.6412.4410.672.614.253.6347.25360.59343.19319.79293.76283.03285.04286.08249.425.127.434.9125.7922.6722.5722.924.2923.1324.0323.6513.86.2Mar 202628.6437.480.0423.55
49.4
-1.431.4502.0646.3644.12Prudent Corporate Advisory Services Limited, together with its subsidiaries, provides advisory and distribution services of various mutual funds to individuals, corporates, high net worth individuals (HNIs), and ultra HNIs in India and internationally. It distributes mutual funds; insurance products, loan against securities, portfolio management schemes (PMS) products, and unlisted securities. In addition, the company offers bonds, fixed deposits, alternative investment funds (AIFs), national pension schemes (NPS), smallcase, stockbroking, non-convertible debentures, liquiloan, and structured products, as well as provides buy, sell, rent, and lease options for residential and commercial properties. The company was founded in 2000 and is headquartered in Ahmedabad, India. **Website:** [https://www.prudentcorporate.com](https://www.prudentcorporate.com)55.316.2114.8923.5855.3116.3222.1312.4210895.6932.678.27
1563161712/12/2007Finance & Investment104150.6-2.9-9.7-10.6-0.68.615.820DAILY110.11110.85111.88113.18116.72110.69114.38114.68114.61112.8466.8FalseFalse64.08NAFalseFalseFalse79.1Financial Services67.7FalseFalseFalseFalseTrue30/04/2026False2.1False200.4938.333.139True5672902.254945686.165865598.425203473.664468690.68False16.271.7969.3567.8626.23.43.84.44.138.438.440.430/04/20261.1False,False;False,False;False,False[False, False, False]['2026-02-18', 130.7, '2025-08-11', 91.8]127.6Dec 2025:10/02/2026,Sep 2025:11/11/2025,Jun 2025:07/08/2025Edelweiss Financial Services Limited-3.610.6Jun 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=27f45617-2c04-4716-840b-5fbde095a4e9.pdf,Sep 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bd66dc95-b830-41df-aa6d-a410640917e0.pdf,Dec 2025:https://www.bseindia.com/xml-data/corpfiling/AttachLive/770d10fc-9ba6-4062-97df-88fe7f1764f4.pdf,Mar 2026:https://www.bseindia.com/xml-data/corpfiling/AttachLive/e4e30892-12b1-40f9-87ed-299c5885f48b.pdf4.94.99.217NSE['DAILY', '2026-05-22', '2026-05-21']48658087131.96270.36175.45102.69158.32155.18137.0285.3-51.2-16.60.932.791.360.711.111.321.170.62-66.7-16.25.784.221918.14400.431860.872245.652280.121897.662795.382293.39-56.4-15.9-0.6725.9627.2432.5435.4731.8738.4735.134.7-4.7-18.5Mar 202613.5214.14.0229.67
19.1
0.610.73-0.430.8129.617.09Edelweiss Financial Services Limited provides financial products and services to corporations, institutions, and individuals in India. It offers retail credit products, such as home, small and medium-sized enterprise, and business loans; and investment banking services. The company also provides asset management, mutual funds, asset reconstruction, and housing finance products and services. In addition, it offers life and general insurance products and advisory services, as well as involved in the lending, investment, and trading activities. The company was formerly known as Edelweiss Capital Limited and changed its name to Edelweiss Financial Services Limited in August 2011. Edelweiss Financial Services Limited was incorporated in 1995 and is based in Mumbai, India. **Website:** [https://www.edelweissfin.com](https://www.edelweissfin.com)32.2642.2519.046.4632.6918.435.732.2525537.47.172.45
1661606105/10/2020Finance & Investment18773-1.5-3.40.25.5-3.1-2.513.523.8DAILY757.2744.02736.17722.13779.42744.59745.45770.69771.71776.76170FalseFalse24.79Nifty Capital Markets,Nifty 500,Nifty Smallcap 250,Nifty Midsmallcap 400FalseFalseFalse105.7Financial Services100FalseFalseTrue05/05/2026TrueTrue05/05/2026True2.1TrueNo Band0.89142.3115.396.7True2153734.61748575.261678256.721763298.471763621.26False32.961.261.5361.6710.32.63.12.92.837.637.629.504/05/20260False,True;False,False;False,False[False, True, False]['2025-06-30', 875.0, '2026-03-23', 611.4]770.4Dec 2025:22/01/2026,Sep 2025:28/10/2025,Jun 2025:30/07/2025Computer Age Management Services Limited3.615.6Jun 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e173f312-00c4-4e7e-8f5e-a224d12c6a9d.pdf,Sep 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=01edf41c-0e66-4430-a433-ef5b85e0f252.pdf,Dec 2025:https://www.bseindia.com/xml-data/corpfiling/AttachLive/93e41f40-9b8d-464d-a745-937f5dee1568.pdf,Mar 2026:https://www.bseindia.com/xml-data/corpfiling/AttachLive/2aad185c-60d6-4e7e-9355-daf00337ee01.pdf4.74.75.615.3NSE48658087125.44124.6113.93108.04112.8117.82115.22101.90.711.25.15.074.484.254.614.774.6820.710.610.619.219.03395.22390.14376.74354.15356.17347.55341.9308.011.31116.5346.2345.8444.4843.4944.7546.9446.9246.090.93.3Mar 202639.0349.030.0545.05
39.4
-0.210.0601.9537.1242.42Computer Age Management Services Limited, a mutual fund transfer agency, provides services to private equity funds, and banks and non-banking finance companies in India. It's product portfolio includes MF Central, a digital solution to enhance customer service within the mutual fund sector for both financial and non-financial transactions; CAMS WealthServ, a digital onboarding platform for alternate investment funds and portfolio management services for investors; myCAMS for individual investors, and GoCORP for institutional investors to offer value-added services. The company offers CAMServ chatbot, a chatbot facility that simulates human-like conversations with users through chat; digiInvest/ digiNFO, which enables transactions through SMS link; and digiLoan to provide digital loans against mutual fund investments which enables the Bank/NBFC customers to avail a loan by pledging their investments in debt and/or equity mutual funds. In addition, it provides CAMS Recon DynamiX, a robust automated software for reconciliation of general ledgers, payments, and transactions; and Technology Solution Provider, which offers implementation of digital signature and encryption to FIPs and FIUs. Further, the company offers CAMSRep, an insurance repository and service; CAMSfinserv, an account aggregator service; CAMS PAY which offers electronic payment collections; and CAMS CRA and CAMSKRA, a KYC registration agency services. Computer Age Management Services Limited was incorporated in 1988 and is based in Chennai, India. **Website:** [https://www.camsonline.com](https://www.camsonline.com)033.544.4422.06044.652214.2218432.6125.112.16
1758594521/10/2008Finance & Investment2154-1.12.40-0.4-5-1.224.922.8DAILY4925.84901.294907.114670.14881.914859.414786.214860.914865.524909.180.8FalseFalse0.11NAFalseFalseFalse60Financial Services25FalseFalseFalseFalseFalseFalse2False200.340.70.70.7True1702.351819.822830.331798.851675.28False52.764.1162.9161.3217.13.73.63.23.134.434.440.2NA0False,False;False,False;False,False[False, False, False]['2025-10-28', 6554.9, '2026-03-30', 4011.0]5103.5Dec 2025:13/02/2026,Sep 2025:14/11/2025,Jun 2025:11/08/2025Kalyani Investment Company Limited0.56.3Jun 2025:NA7.39.39.310.2NSE486580871.7118.93-3.1825.683.2338.474.1729.17-91-47.13.9243.36-7.2858.837.488.139.5566.82-91-47163.88160.476.5443.935.7821.445.6246.354.8120.29-85.116.413.2535.7861.6-69.988.818.7298.2783.9992.95-41.9310.3Dec 20250.841.15057.15
49.8
00.0406.43314.1523.96Kalyani Investment Company Limited, a non-deposit taking core investment company, engages in making investments in group companies in India. It invests in companies, including forging, steel, power generation, chemicals, and banking sectors. The company was incorporated in 2009 and is based in Pune, India. Kalyani Investment Company Limited operates as a subsidiary of Sundaram Trading and Investment Private Limited. **Website:** [https://www.kalyani-investment.com](https://www.kalyani-investment.com)74.9723.850.650.5174.970.650.470.241860.6430.9423.95
1857538305/08/2025Finance & Investment607-1.5-7.7-1.219.4-14.7-13.335.763.6DAILY116.26NA115.97104.86122.05NA112.31119.58119.87120.964FalseFalse2.07NAFalseFalseFalseNAFinancial Services39.7FalseFalseFalseFalseFalseFalse3.4False50.234.455.3False303725.6342195.04NA338608.19267420.37FalseNA4550.4354.4117.44.86.45.55.924.824.835.713/05/2026-2.2False,False;False,False;False,False[False, True, False]['2025-09-18', 180.9, '2026-03-30', 71.1]138.67Dec 2025:10/02/2026,Sep 2025:14/11/2025,Jun 2025:13/08/2025Laxmi India Finance Limited-11.81.8Jun 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2b6d038d-8dc4-42ac-ae43-61f663338a82.pdf,Sep 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2f372612-bfd6-445f-935d-59990249d32b.pdf,Dec 2025:https://www.bseindia.com/xml-data/corpfiling/AttachLive/56a25933-01a6-4876-805a-bf8c604f93b1.pdf,Mar 2026:https://www.bseindia.com/xml-data/corpfiling/AttachLive/4e20a00b-ab62-4c9d-acf0-6f86fe007ae8.pdf7.69.315.121.7NSE['DAILY', '2026-05-22', '2026-05-21']4865808720.5210.069.49.7814.576.158.666.6310440.83.931.921.82.343.481.474.14NA104.712.99.528.6192.8478.8375.6769.6874.2761.1959.4250.8417.8252968.2959.7661.5266.0968.0962.7167.1564.3414.30.3Mar 202613.7612.722.8764.07
12.2
-1.73-0.27-0.140.267.412.73NA60.3133.781.584.3460.453.314.611.311809.78.85.71
1956203801/01/1996Finance & Investment338280.1-1.1-8.6-2.8-9.28.143.624.1DAILY668.7712.07696.33661.24696.14682.9675.07682.13682.07675.1133.4FalseFalse13.47Nifty 500,Nifty Midcap 150,Nifty Midsmallcap 400FalseFalseFalse44.8Financial Services26.6FalseFalseFalseFalseFalseFalse1.5False200.4824.550.558.1True474539.25980775.861831929.09990690.78596371.4False55.862.4258.958.8324.32.42.52.53.1202043.621/04/20260.5False,False;False,False;False,False[True, False, False]['2025-10-03', 1184.7, '2026-03-30', 538.8]722.25Dec 2025:30/01/2026,Sep 2025:27/10/2025,Jun 2025:04/08/2025Tata Investment Corporation Limited-7.45.5Jun 2025:NA4.25.65.611.7NSE['DAILY', '2026-05-22', '2026-05-21']4865808763.8375.39148.16146.337.7219.61123.69131.07-15.369.21.261.492.932.890.750.392.442.59-15.4688.576.1739.9857.92153.98145.4616.433.71142.48142.46-31143.319.4874.0182.393.2792.4144.98-146.6393.5691.91-10.164.5Mar 20261.441.57089.42
78
0.080.0103.93132.6863.48Tata Investment Corporation Limited is a publicly owned investment manager. The firm operates as an investment company in India. Its activities primarily include investing in long-term investments in equity shares, equity-related securities and other securities of companies in a range of industries. The company also distributes mutual funds and other investment related securities. Tata Investment Corporation was founded in 1937. Tata Investment Corporation Limited was formerly known as The Investment Corporation of India Limited. Tata Investment Corporation Limited is based in Mumbai, India. **Website:** [https://www.tatainvestment.com](https://www.tatainvestment.com)73.3823.032.620.5473.382.540.531.1633823.0870.6885.12
2053395325/10/2011Finance & Investment51252.34-4.12-10.9-1.522.513.3DAILY4634.84953.644879.914594.414633.94810.24624.244587.984585.34539.361.3FalseFalse0.46NAFalseFalseFalse47.2Financial Services41.3FalseFalseFalseFalseFalseFalse3.1False200.920.91.31False2919.854325.244764.733418.033134.26False5857.4953.8453.6826.42.22.62.52.8202043.528/05/20260.5False,False;False,False;False,False[True, False, False]['2025-10-23', 5980.0, '2026-03-30', 4092.2]4928.4Dec 2025:07/02/2026,Sep 2025:08/11/2025,Jun 2025:08/08/2025Pilani Investment and Industries Corporation Limited0.59.3Jun 2025:NA6.36.36.312.3NSE['WEEKLY', '2026-05-18', '2026-05-11']48658087-14.3944.71-4.02-25.0913.3777.732.5131.44-132.2-207.6-1340.38-3.63-22.6612.0870.1829.3628.4-132.2-207.688.94150.3459.6129.4749.6956.6360.94122.8361.7563.27-54-2.219.3992.7383.6192.8489.7892.5898.4197.2598.2910.90.2Dec 20250.641.750.1388.19
4252.1
0.010.020.44-199.86-89.1317.87Pilani Investment and Industries Corporation Limited, a non-banking financial company, engages in investment and financing activities in India. It holds investments in other companies and mutual funds. Pilani Investment and Industries Corporation Limited was incorporated in 1948 and is based in Kolkata, India. **Website:** [https://www.pilaniinvestment.com](https://www.pilaniinvestment.com)58.6839.520.431.3858.240.421.360.37354.0627.9224.9
2153322609/02/2011Finance & Investment820-2.1-2.7-5.7-7.3-8.74.429.916.8DAILY443.8464.63469.47460.9460.76459.7463.26458457.66452.040.3FalseFalse0.52NAFalseFalseFalse58Financial Services28.3FalseFalseFalseFalseFalseFalse2.4False200.210.10.10.2False6236.656278.0610895.817341.15383.41False2966.6562.359.5132.13.844.24.2565629.927/05/2026-2.5True,False;True,False;True,False[False, False, False]['2025-12-04', 633.3, '2025-10-10', 380.0]526.7Dec 2025:28/01/2026,Sep 2025:30/10/2025,Jun 2025:24/07/2025Stel Holdings Limited6.129.4Jun 2025:NA5.78.58.513.8NSE4865808712.586.650.359.980.095.720.099.9689.213877.86.823.60.195.410.053.10.055.489.4135408.67.1917.29.270.4713.440.37.780.3913.4885.55633.36.1599.1997.9551.0699.2646.6798.3335.998.891.3112.5Dec 20250.971.3098.37
27.7
0.01-0.020.339.916.2744.58STEL Holdings Limited engages in the investment in securities of group companies in India. The company was formerly known as Sentinel Tea and Exports Limited and changed its name to STEL Holdings Limited in July 2011. STEL Holdings Limited was incorporated in 1990 and is based in Cochin, India. **Website:** [https://www.stelholdings.com](https://www.stelholdings.com)71.6628.210.010.1371.3300.150.44790.519.7819.58
2252594523/12/2022Finance & Investment10230-0.10.1-0.60-8.125.43.5DAILY201.17205.64202.44202.29202.37210.75202.25202.02201.99201.561FalseFalse1.46NAFalseFalseFalse89Financial Services28.6FalseFalseFalseFalseTrue21/05/2026True1False200.131.61.11False48402.8533692.8644312.4841787.265615.46False74.351.5856.7354.6925.70.81.81.92.218.418.467.815/05/2026-0.1False,False;False,False;False,False[False, False, False]['2025-06-11', 269.5, '2025-10-13', 194.4]213.23Dec 2025:09/02/2026,Sep 2025:11/11/2025,Jun 2025:07/08/2025Abans Financial Services Limited-0.11.1Jun 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=eedd9ebc-9a7c-4651-bdd7-484ac1036cee.pdf1.11.13.14.2NSE[202.1, '14/05/2026', 'DAILY'][201.2, 201.0, '19/05/2026', 'DAILY']['DAILY', '2026-05-22', '2026-05-21']48658087-3.6934.3141.8532.6929.9926.9227.3824.22-110.8-112.3-0.766.337.555.925.615.135.064.43-112-113.519.0120.158708.286494.616831.681893.811063.161280.14641.26296.1134.1719.178.140.180.670.72.714.474.057.2314.75-73.1-96Mar 20268.297.920.60.66
10.6
1.99000.75-66.1718.79Abans Financial Services Limited, together with its subsidiaries, operates as a non-banking finance company in India, and internationally. It operates through Agency Business, Internal Treasury Operations, Lending Activities, and Others segments. The company provides wealth and asset management services, including financial asset distribution, broking, lending, credit, investment solutions, asset and portfolio management, treasury operations, and allied activities. It also offers lending services to private traders and other small and medium businesses involved in the commodities trading market. In addition, the company provides client-based institutional trading, wealth management and private client brokerage services in the areas of equity, commodities, and foreign exchange. Further, the company invests in physical and exchange traded commodities and other instruments; and offers warehousing services to commodity market participants. Additionally, it is involved in the trading of derivatives, agricultural products, base metals, and precious metals; and provision of secured and unsecured loans. The company was formerly known as Abans Holdings Limited and changed its name to Abans Financial Services Limited in January 2025. Abans Financial Services Limited was incorporated in 2009 and is based in Mumbai, India. **Website:** [https://www.abansholdings.com](https://www.abansholdings.com)71.369.6119.02071.3617.0300.821157.497.060.05
2351834601/04/2005Finance & Investment16832.11.39-0.1-13.1-13.115.425.7DAILY60.08NANA55.8258.14NA57.6458.2658.3459.178.5FalseFalse7.37NAFalseFalseFalseNAFinancial Services26.3True12/05/2026TrueTrue12/05/2026TrueTrue12/05/2026True3.6False201.078.37.9NAFalse1432621.81338335.86NA1335150.281458209.56FalseNA45.8448.0352.4516.44.94.94.44.412.812.815.427/05/20261.1False,False;False,False;False,False[False, True, False]['2026-01-06', 71.0, '2026-03-23', 47.8]62.83Dec 2025:14/02/2026Algoquant Fintech Limited3.110.7Jun 2025:NA8.210.512.717.5NSE486580875.996.344.551.061.1112.2713.926.19-5.5439.60.210.230.160.020.040.570.640.29-8.74251.161.1452.451.2954.553.9149.8365.2265.6355.542.25.2181.3821.5520.4517.385.99730.7133.5723.175.4207.9Dec 202538.1232.850.2416.26
93.9
0.58000.8271.5277NA73.6821.681.220.0273.680.640.0214.991605.8746.537.57
2445443621/03/2017Finance & Investment9720.31.3-2.8-3.7-9.46.63518.3DAILY916.951024.98960.17911.96922.87983.91917.6915914.75909.050.4FalseFalse0.28NAFalseFalseFalse63.8Financial Services26FalseFalseFalseFalseTrue21/05/2026True3.7False200.330.30.30.3False4129.83453.364848.344486.416436.89False42.844.2744.7144.7618.26.24.94.1436.836.846.729/05/20260.2False,False;False,False;False,False[False, False, False]['2025-06-19', 1410.0, '2026-02-05', 775.0]983.5Dec 2025:04/02/2026,Sep 2025:13/11/2025,Jun 2025:04/08/2025Wealth First Portfolio Managers Limited14.129.8Jun 2025:https://nsearchives.nseindia.com/corporate/WEALTH_04082025180405_InvestorPresentation30062025.pdf,Sep 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5b0587ab-06c3-4ac1-aeb3-43bf709d69ed.pdf,Dec 2025:https://www.bseindia.com/xml-data/corpfiling/AttachLive/1eb3d6d0-d047-4199-9920-1ad6600aa6a9.pdf18181818NSE['DAILY', '2026-05-22', '2026-05-21']486580870.7711.0715.96-4.299.2715.1613.7913.59-93-91.71.0510.3914.98-4.018.714.2312.9412.75-89.9-87.932.0540.066.4920.5724.81-3.2616.2519.5120.3314.16-68.4-60.143.415.4173.786.66191.179.3279.7586.8282.91-79.1-80.6Dec 202528.637.87064.66
41
00.0101.76218.3221.77Wealth First Portfolio Managers Limited provides share and stock broking services in India. It engages in the distribution of mutual funds; trades in government securities; and offers demat, portfolio management, and depository participant services. The company's products include fixed deposits, treasury and direct bonds, taxable and tax-free bonds, direct equities, PMS, and pension products. In addition, it offers investment strategizing asset research, asset allocation, trade-execution-broking, tax and retirement planning, treasury management, portfolio review and accounting, inheritance planning, and risk management services. The company was founded in 1990 and is headquartered in Ahmedabad, India. **Website:** [https://www.wealth-firstonline.com](https://www.wealth-firstonline.com)74.0425.8300.1174.0400.16.48972.8429.5220.01
2544863414/10/2016Finance & Investment4501.310.9-4.4-1.3-18.939.429.7DAILY149.12153.15152.56141.82155.49150.65146.64149.79149.9149.820.2FalseFalse0.08NAFalseFalseFalse238.5Financial Services27.7True24/04/2026TrueTrue24/04/2026TrueTrue24/04/2026True4.8False50.040.100False8394.253764.382292.33556.462871.49False12.256.1151.8852.4447.64.45.35.65.433.633.64930/05/20260False,False;False,False;False,False[False, False, False]['2025-10-17', 246.1, '2026-03-30', 114.9]185.3Dec 2025:14/02/2026,Sep 2025:13/11/2025,Jun 2025:12/08/2025Mask Investments Limited840.3Jun 2025:NA5.710.911.929.1NSE486580870.050-0.0400.010.03-0.01-0.2NA4000.160-0.1300.030.1-0.03-0.66NA433.30.10.070.130.030.0300.040.350.040.18333.322520.7138.460-133.33NA508.57-25-144.44NA-23.1Dec 20250.020.040.0115.79
4970.7
000NA233482.86Mask Investment Limited engages in the finance and investment activities in India. It invests in quoted and unquoted securities. The company was formerly known as Mask Investment Private Limited and changed its name to Mask Investment limited in March 1996. Mask Investment Limited was incorporated in 1992 and is based in Surat, India. **Website:** [https://www.maskinvestments.com](https://www.maskinvestments.com)72.2527.750072.25000.546.242312243.37
2640413510/10/2006Finance & Investment12350-0.5-3.6-3.6-4.3-6.14.235.415.2DAILY128.98148.28139.45130.59137.08138.06133.44134.19134.16132.4827.1FalseFalse41.11Nifty 500,Nifty Smallcap 250,Nifty Midsmallcap 400FalseFalseFalse47.4Financial Services42.9FalseFalseFalseFalseTrue24/04/2026False1.9False200.6322.332.334True1965158.052844791.44264450.442596240.092049643.36False51.260.085147.0751.82.72.92.93242435.4NA0.5False,False;False,False;False,False[False, False, False]['2025-08-22', 199.8, '2026-03-30', 112.0]145.25Dec 2025:05/02/2026,Sep 2025:06/11/2025,Jun 2025:11/08/2025JM Financial Limited3.317.9Jun 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a51afc6f-b31e-4172-a0f3-6bd7075ab8a5.pdf,Sep 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=04e4317f-526e-472a-b0df-54ee9d9484c3.pdf,Dec 2025:https://www.bseindia.com/xml-data/corpfiling/AttachLive/1488741c-f0ce-433d-b2be-b39c63283950.pdf4.75.410.214.6NSE48658087318.46261.89458.77235.02207.39144.2186.98-674.121.653.63.272.824.752.192.192.431.79-2.391649.38.594.29999.361031.281111.341003.921106.141190.511077.051260.7-3.1-9.75.0656.3758.6576.557.5854.8341.2357.0954-3.92.8Dec 20259.019.391.162.63
9.9
-0.550.120.174.869.8612.1JM Financial Limited, together with its subsidiaries, provides various integrated and diversified financial services to corporations, financial institutions, government organizations, high net-worth individuals, and retail customers in India and internationally. The company operates in four segments: Investment Bank; Mortgage Lending; Alternative & Distressed Credit; and Asset Management, Wealth Management & Securities Business (Platform AWS). The Investment Bank segment manages capital markets transactions, as well as advises on mergers and acquisitions, and private equity syndication. This segment also engages in institutional equities business and research, portfolio management services, private equity funds, fixed income, syndication, and finance. Its Mortgage Lending segment offers finance against commercial and residential real estate to a range of corporate and non-corporate clients; and housing finance and lending services to educational institutions. The Alternative & Distressed Credit segment provides securitization and reconstruction of financial assets and manages alternative credit funds. Its Platform AWS segment offers investment advisory and distribution services, which include equity brokerage, elite and retail wealth management, and margin trade financing; distributes financial products; and manages mutual fund assets through various schemes. It also provides real estate consulting; and capital market lending services. The company was formerly known as J.M. Share and Stock Brokers Private Limited and changed its name to JM Financial Limited in September 2004. JM Financial Limited was founded in 1973 and is headquartered in Mumbai, India. **Website:** [https://www.jmfl.com](https://www.jmfl.com)57.0719.8917.165.8856.917.715.761.218288.926.64.41
2738121513/10/2025Finance & Investment1272180.6-2.7-11.2-11.6-6.1-9.318.41DAILY299.7NA330.37319.8316.56NA320.69313.14312.69306.0154.2FalseFalse61.93Nifty 100,Nifty 500FalseFalseFalseNAFinancial Services14.6FalseFalseFalseFalseFalseFalse1.9False101.8357.270.485.7False1718367.952111916.68NA2365835.761904834.84FalseNA48.0239.2436.634.51.71.92.12.143.243.218.423/04/20261False,False;False,False;False,False[False, False, False]['2026-01-20', 367.3, '2026-05-22', 296.8]360.25Dec 2025:19/01/2026,Sep 2025:28/10/2025Tata Capital Limited-121.6Jun 2025:NA,Sep 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6ae5ffed-5e9f-4fb8-ae95-29b930fc1ac7.pdf,Dec 2025:https://www.bseindia.com/xml-data/corpfiling/AttachLive/1f3d3ef5-da34-4b00-a2a3-6e5bb5f97450.pdf,Mar 2026:https://www.bseindia.com/xml-data/corpfiling/AttachLive/d96285c8-0f30-4fc1-a13f-eaea2af47e34.pdf2.43.15.413.1NSE486580871466.271264.741118.971040.93999.811050.371132.62NA15.946.73.542.962.722.482.772.872.87NA19.627.811.429.648160.17976.247737.187664.817478.17103.617184.78NA2.39.126.2475.1872.7772.472.2772.375.1973.35NA3.34Mar 202612.348.585.1573.18
26.2
0.250.2701.5221.1729.99NA85.415.434.883.685.414.633.332.77359841.6915.5611.41
28379207/04/2005Finance & Investment1035-0.5-3-12-26-2810.738.125.6DAILY1000.11238.811308.321106.791067.711171.281119.781058.431056.081027.090.3FalseFalse0.27NAFalseFalseFalse34Financial Services25.8FalseFalseFalseFalseFalseFalse3.3False201.270.211.8False3015.651854424312.6111788.423905.59False3365.3745.7737.6584.13.73.83.833.633.638.1NA1.8True,False;True,False;True,False[False, False, False]['2025-12-10', 1616.6, '2025-08-14', 796.0]1449.5Dec 2025:13/02/2026,Sep 2025:13/11/2025,Jun 2025:13/08/2025Jindal Photo Limited-312.8Jun 2025:NA5.46.66.914.3NSE['DAILY', '2026-05-22', '2026-05-21']48658087-116.9447.4452.3829.2224.61124.6947.4296.15-346.5-575.2-113.5346.0650.8528.3723.89121.0646.0493.35-346.5-575.2219.36257.820.6410.940.540.540.480.810.6318.97-94.133.380.05-18053.1298.8183.3383.3372.9290.1284.1399.53-18370.5-24857.4Dec 202513.9913.80.06-820.14
85.1
0.0100-2.91-2.22.53Jindal Photo Limited operates as an investment company in India. The company engages in the business of holding strategic investment in the shares of group companies. It provides management consultancy services. The company was incorporated in 2004 and is headquartered in New Delhi, India. **Website:** [https://www.jindalphoto.com](https://www.jindalphoto.com)74.225.770.010.0274.200.020.971088.0454.4385.94
2932423101/07/2002Finance & Investment28801.20.9-3.3-5.5-15.6-18.135.619.6DAILY56206440.676223.785550.515675.396140.455669.995620.395618.915581.621.1FalseFalse0.23NAFalseFalseFalse36.8Financial Services44.4FalseFalseFalseFalseFalseFalse3.2False201.1211.81.7False1920.93278.487139.972857.32249.29False66.241.8531.2230.2459.22.92.72.32.415.215.243.7NA-0.3False,False;False,False;False,False[True, False, False]['2025-10-17', 8730.0, '2026-03-30', 4700.0]NANANalwa Sons Investments LimitedNANAJun 2025:NA6.66.66.611.7NSE486580877.5217.8625.78-26.458.1835.0529.21.75-57.9-8.114.5830.6150.21-49.8615.8968.1456.773.25-52.4-8.290.94109.5611.9424.7337.0912.2813.5559.7539.6510.92-51.7-11.916.2694.5686.4988.33-250.5782.3674.4497.7343.229.314.8Dec 20250.320.44040.3
123.4
0.5200-11.396.3627.29Nalwa Sons Investments Limited, a non-banking financial company, engages in the investment and financing business in India. It operates through Investment & Finance, and Trading of Goods segments. The company primarily holds investments in equity shares of steel manufacturing companies of O.P. Jindal Group. The company was formerly known as Jindal Strips Limited. Nalwa Sons Investments Limited was incorporated in 1970 and is based in New Delhi, India. **Website:** [https://www.nalwasons.com](https://www.nalwasons.com)55.6238.026.20.1655.625.680.160.182880.2778.2933.48
3031391112/08/2002Finance & Investment2826970.82.2-4.2-13.9-13-11.719.510.6DAILY17661957.241945.6417631769.151901.631798.361768.411767.761760.92192.8FalseFalse66.1Nifty Financial Services,Nifty 100,Nifty 50,Nifty 500FalseFalseFalse105.8Financial Services41.3FalseFalseFalseFalseFalseFalse1.2TrueNo Band0.36125.3155.6145.1False1092307.351358464.981268877.871184647.351033487.08False34.948.3236.5133.04532.32.12.1226.426.447.730/04/20260.4False,False;False,False;False,False[False, False, False]['2025-10-23', 2195.0, '2026-04-02', 1597.0]2060.6Dec 2025:04/02/2026,Sep 2025:11/11/2025,Jun 2025:25/07/2025Bajaj Finserv Limited1.15.9Jun 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e5a3039e-f0a3-4a29-a850-05630ec3c7b4.pdf,Sep 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=45f1a5ee-9508-49e5-a464-4f9c3105b8aa.pdf,Dec 2025:https://www.bseindia.com/xml-data/corpfiling/AttachLive/4ccd21d4-c761-46ed-bed7-6d92dc029ab4.pdf,Mar 2026:https://www.bseindia.com/xml-data/corpfiling/AttachLive/98cb5f5b-c088-4352-903e-b1011b62896f.pdf3.35.15.18.4NSE['DAILY', '2026-05-22', '2026-05-21']486580875226.264367.574746.475329.174756.324411.894180.154209.2819.79.915.8613.9514.0417.4615.1413.9713.0713.3913.74.861.2455.5738493.7939708.0637402.9335439.0836595.3632041.8133703.7431479.93-3.15.219.9637.734.9237.5740.3934.7838.6236.4537.5688.4Mar 202613.2210.525.5237.7
28.8
-0.831.02-0.11.8127.8435.76Bajaj Finserv Ltd., through its subsidiaries, engages in the provision of financial services in India. The company operates through Life Insurance, General Insurance, Windpower, Retail Financing, and Investments and Others segments. It offers personal, business, home, home renovation, commercial, car, and gold loans; two- and three-wheeler loans; mortgages; education loans; unsecured and secured loans to small and medium-sized enterprises, micro, small and medium enterprises, and professionals; loans against properties and securities; financing for products, such as consumer electronics, digital, lifecare, furniture, etc.; developer financing; and lease rental discounting products. The company also provides investment products, including fixed deposits, systematic deposit plans, and mutual funds; savings products; life, health, motor, fire, engineering, liabilities, marine, crop, car, two-wheeler, pet, home, travel, and personal accident insurance products; wealth management and retirement planning services; healthcare services comprising wellness, outpatient, and inpatient services; and wallets and credit cards. In addition, it offers pocket subscription plans; bill and recharge services; digital technology services; and trading and demat account, stock broking, margin trading, and HNI and retail broking services. Further, the company owns and operates 138 windmills with total installed capacity of 65.2 megawatts. Bajaj Finserv Ltd. was incorporated in 2007 and is based in Pune, India. **Website:** [https://www.bajajfinserv.in](https://www.bajajfinserv.in)58.7122.167.2311.7658.818.0610.743.63694953.0512.244.62
3128452102/07/2025Finance & Investment54419-1.5-3.1-2.6-9-11.8-22.226.617.8DAILY654.3721.41706.22648.94673.34717.17668.04669.19669.49670.3623FalseFalse21.52Nifty 500,Nifty Midcap 150,Nifty Midsmallcap 400FalseFalseFalseNAFinancial Services25.9FalseFalseFalseFalseFalseFalse1.8False200.5626.477.271.3False339837.1985148.949910891.48790002.69502691.86False87.836.532.5631.2939.11.821.92.240.840.826.615/04/2026-0.2False,False;False,False;False,False[False, False, False]['2025-07-03', 891.9, '2026-03-30', 555.3]765.8Dec 2025:14/01/2026,Sep 2025:15/10/2025,Jun 2025:15/07/2025HDB Financial Services Limited1.612.4Jun 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e7bbd89a-d648-40d4-852e-dae3251f52fd.pdf,Sep 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1c7bc625-5c61-42e2-a9d4-bafa1f5def60.pdf,Dec 2025:https://www.bseindia.com/xml-data/corpfiling/AttachLive/0ad0f419-48dd-4f0c-87e2-dc0ede8d7108.pdf,Mar 2026:https://www.bseindia.com/xml-data/corpfiling/AttachHis/2d41d933-3c88-41f0-b428-4a0b830046a2.pdf3.54.44.47.2NSE48658087750.6643.9581.4567.7530.9472.3591581.716.641.49.047.767.016.846.675.957.447.3316.535.530.6427.344745.44673.54545.44465.44266.14143.64006.83883.81.511.210.9857.9155.9655.6356.5156.4656.3361.0459.843.52.6Mar 202613.949.154.856.52
21.4
-0.310.88-0.032.3418.0927.69HDB Financial Services Limited operates as a non-banking financial company that provides lending services and business process outsourcing services in India. The company offers personal loans, credit loans, business loans, micro lending loans, auto loans, two-wheeler loans, gold loans, loan against property, enterprise business loans, consumer durable loans, commercial vehicle loans, construction equipment loans, car loans, loan against securities, loans against bonds, loan against lease rental, tractor loans, loan against KVP/NSC, and life insurance. Its BPO services include back-office services, such as forms processing, documents verification, finance and accounting services, and correspondence management; and front office services, consisting of contact center management, outbound marketing, and collection services. The company was incorporated in 2007 and is based in Mumbai, India. HDB Financial Services Limited is a subsidiary of HDFC Bank Limited. **Website:** [https://www.hdbfs.com](https://www.hdbfs.com)74.1210.353.0112.2974.153.3211.412.63151885.4914.588.24
3227533828/08/2020Finance & Investment807-1.9-4.6-1.2-2.6-20.6-17.43628.8DAILY154.57183.62173.67152.5161.85176.45157.93159.59159.7159.570.6FalseFalse2.62NAFalseFalseFalse66Financial Services50.2FalseFalseFalseFalseTrue07/05/2026True4.9False200.750.40.50.4False38874.249037.859346.0443371.2238640.37False54.225.1625.4925.8623.54.85.14.94.717.617.654.328/05/20262False,False;False,False;False,False[False, False, False]['2025-09-25', 241.6, '2026-03-30', 120.0]179.68Dec 2025:10/02/2026,Sep 2025:13/11/2025,Jun 2025:05/08/2025Max India Limited-8.87.3Jun 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=49f1c594-bfcd-4a19-88f7-6d1bca790e1b.pdf,Sep 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2ab6034c-19b7-44b8-9778-190a6187ec10.pdf,Dec 2025:https://www.bseindia.com/xml-data/corpfiling/AttachLive/5cc1fc33-2c72-44f1-b8fa-756300482d00.pdf6.47.59.516.4NSE48658087-42.85-34.07-25.64-46.09-44.6-22.73-26.97-21.57-25.83.9-8.17-6.52-4.91-8.88-8.68-4.42-5.25-4.2-25.35.9-27.05-10.9743.145.1636.6741.5234.7442.7726.4645.04-4.624.1-5.28-82.88-68.67-76.14-98.31-85.32-49.45-105.59-45.98-20.72.9Dec 2025-30.05-23.630.44-81.39
-5.4
-0.020.04-0.07NA-4.730.06Max India Limited provides services related to senior living communities in India. It operates through Business Investments, Senior Living, Assisted Care, and Other segments. The company engages in treasury investments, rental from investment property services, and offers functional support services. It also caters to the seniors by providing Care at Home services and Care Homes facilities. In addition, the company offers daily living and memory care, and specialized care services; management and consultancy, and shared services, as well as rents and sells MedCare products. Additionally, it engages in the learning and development activities; construction and leasing of senior living communities; and management of investments activities. The company was formerly known as Advaita Allied Health Services Limited. Max India Limited was incorporated in 2019 and is based in Gurugram, India. **Website:** [https://www.maxindia.com](https://www.maxindia.com)49.8241.487.071.6249.897.091.581.74716.95-6.234.31
3324224001/07/2002Finance & Investment459-0.7-4.1-8-2.1-19.4-29.343.713.7DAILY431.9517.5494.21434.4456.53496.67446.9448.9448.93445.170.1FalseFalse0.39NAFalseFalseFalse50.4Financial Services36.2FalseFalseFalseFalseFalseFalse1.8False200.340.10.10.1True2305.13281.425038.532872.052456.28False55.624.9920.6420.945.53.13.944.117.617.652.512/05/2026-0.9False,False;False,False;False,False[False, False, False]['2025-10-17', 767.0, '2026-03-30', 380.0]484.05Dec 2025:04/02/2026,Sep 2025:12/11/2025,Jun 2025:14/08/2025SIL Investments Limited-7.26.1Jun 2025:NA4.25.97.712.9NSE['DAILY', '2026-05-22', '2026-05-21']48658087-9.4619.6419.88.19-2.8813.8316.763.58-148.2-228.5-8.5918.3718.447.47-2.5413.0315.413.28-146.8-238.235.6929.19-5.6427.228.6512.570.5822.3524.747.15-120.7-1072.417.17158.3391.3691.180.27-332.7680.5488.469.9373.3147.6Mar 20261.321.75083.02
12.1
0-0.0301.16-12.5714.21SIL Investments Limited, a non-banking financial company, engages in the investment and lending activities in India. It invests in shares, securities, and real estate. The company was formerly known as Sutlej Industries Limited and changed its name to SIL Investments Limited in March 2007. SIL Investments Limited was incorporated in 1934 and is based in Bhawanimandi, India. **Website:** [https://www.silinvestments.in](https://www.silinvestments.in)63.7936.090.090.0263.790.090.050.18437.718.116.97
3423373431/07/2017Finance & Investment1180.3-7.8-4.5-4.6-20.1-24.43618.3DAILY122.23139.04133.1120.84126.92135.75124.51125.5125.55125.240FalseFalse0.32NAFalseFalseFalse62Financial Services33.4FalseFalseFalseFalseFalseFalse2.3False200.3100.10True3094.54071.925515.693341.662841.56False68.530.9729.1227.0742.13.94.84.94.921.621.646.914/05/20261.3False,False;False,False;False,False[False, False, False]['2025-06-13', 191.0, '2026-03-30', 103.3]134.24Dec 2025:11/02/2026,Sep 2025:14/11/2025,Jun 2025:13/08/2025Ganges Securities Limited-7.59Jun 2025:NA4.27.616.217.2NSE['DAILY', '2026-05-22', '2026-05-21']48658087-2.711.462.911.03-3.710.87.221.05-285.627-2.711.462.911.03-3.710.87.221.05-285.6272.695.06311.2415.516.36213.115.167.72-73.3500.74-120.3319.8431.9113.84-283.511.4558.9122.67-706.557.6Mar 20260.440.76012.32
45.4
000-1.31-11.2821.17Ganges Securities Limited, through its subsidiaries, engages in the tea and investment business primarily in India. The company is involved in tea manufacturing and processing activities; and invests and deals in securities and in immovable properties. It also offers property and professional services. The company was incorporated in 2015 and is based in Kolkata, India. **Website:** [https://www.birla-sugar.com/Our-Companies/About-Us-GANGES-SECURITIES-LIMITED](https://www.birla-sugar.com/Our-Companies/About-Us-GANGES-SECURITIES-LIMITED)66.6433.310.030.0166.640.030.010.23116.6321.483.23
3521346304/01/2023Finance & Investment4310.11.9-5.26.4-23.9-40.641.826DAILY40.7448.5745.9839.7941.7948.1141.1541.2141.2140.990.4FalseFalse4.56NAFalseFalseFalse80.4Financial Services43.1FalseFalseFalseFalseFalseFalse2.4False200.720.91.71.6True103275.35198035.18206178.25155686.1106318.29False57.914.916.919.7127.63.23.53.33.719.219.265.129/05/2026-0.4False,False;False,False;False,False[False, False, False]['2025-05-23', 70.0, '2026-03-30', 32.3]48.55Dec 2025:11/02/2026,Sep 2025:06/11/2025,Jun 2025:05/08/2025Radiant Cash Management Services Limited-16.13Jun 2025:NA,Sep 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=872b9c1c-c7bc-471a-b42c-9f78eb470509.pdf,Dec 2025:https://www.bseindia.com/xml-data/corpfiling/AttachLive/ecabd6ba-1889-47b5-aa40-fe51cbb1ae6d.pdf4.87.97.914.6NSE4865808710.059.689.5410.0412.2513.0210.818.993.8-180.940.910.690.921.151.171.020.843.3-18.34.284.26102.73100.198.4199.06105.62107.0499.9197.292.6-2.710.2911.5313.3213.9814.7816.5317.8416.6814.43-13.4-30.2Dec 202517.3426.250.4713.38
11.1
0.13001.8110.8416.27Radiant Cash Management Services Limited engages in the provision of cash logistics and other related services in India. The company offers cash pick-up and delivery, network currency management, cash processing, and cash vans/cash-in-transit services, as well as other value-added services, such as man-behind counter and currency chest operations. It also provides Radiant Insta Credit App, a platform that offers instant credit services. The company serves restaurants, auto parts suppliers, jewelry stores, electronics retailers, petrol pumps, furniture stores, supermarkets, salons, sports goods retailers, footwear retailers, pharmacies, diagnostics/labs, hospitals, cafes, sweet shops, banks, NBFCs, microfinance institutions, logistics companies, e-commerce businesses, apparel and lifestyle retailers, grocery stores, auto service stations, retail stores, MSME businesses, and cinemas. The company was incorporated in 2005 and is headquartered in Chennai, India. **Website:** [https://www.radiantcashservices.com](https://www.radiantcashservices.com)56.9241.840.30.9556.920.170.951.64321.35.150.8
3621192219/02/2009Finance & Investment572-1.9-8.8-8.8-3.7-3544.118.2DAILY0.520.620.590.540.550.660.550.540.540.530.1FalseFalse80.6NAFalseFalseFalse63Financial Services73.5FalseFalseFalseFalseFalseFalse1.9False100.480.20.20.3True1257708.41522616.722465065.271586838.331453955.33False48.69.5113.5816.384.5654.74.933.633.687.3NA2False,False;False,False;False,False[False, False, False]['2025-07-16', 0.9, '2026-03-30', 0.4]0.71Dec 2025:14/01/2026,Sep 2025:13/10/2025,Jun 2025:13/08/2025Teamo Productions HQ Limited-16.116.1Jun 2025:NA7.59.31419.7NSE['DAILY', '2026-05-22', '2026-05-21', '2026-05-20', '2026-05-19']486580875.120.510.710.130.471.51.473.47903.9989.40.0500.01000.010.020.04NANA0.030.0617.8551.0328.2715.8219.76145.556.688.4-65-9.7258.1314.340.590.78-3.41-0.610.8713.6240.482330.52450.8Dec 20252.793.9902.25
8.7
0000.012.624Teamo Productions HQ Limited, an engineering design company, primarily engages in the provision of civil engineering and ancillary services. It offers information technology engineering services, software program development; and distributes and supplies electrical power and energy, as well as trades in commodities. The company also trades in engineering goods, such as steel products comprising TMT bars, girders, hollow sections, pipes, tubes, plumbing systems, electrical conduits, switches, circuit breakers, irrigation pipes, sprinkler systems, drip and hybrid irrigation systems, borewell pumps, and rainwater harvesting systems. In addition, it provides offshore engineering services comprising residential design, which includes planned unit developments, single-family subdivisions, traditional and single-family site condominiums, apartment complexes, and manufactured housing communities; and commercial and industrial design, such as industrial subdivisions and site condominiums, commercial and industrial site plans, and marinas. Further, the company offers wastewater services, including soil/site evaluations, septic system monitoring, cluster and sanitary sewer systems, alternative septic system designs, package treatment plants, water distribution systems and treatment, and arsenic removal services; and master planning, such as construction supervision, parks, playgrounds, golf courses, pedestrian and vehicular campuses, site evaluation study, waterfronts, marinas and water features, and tree surveys. Additionally, it develops, produces, and markets films, content, animation, graphics, movies, documentaries, TV serials, and motion pictures; studio building; music production and composition; recording studio; conducts events, films festivals, and concerts; and organizes live shows, events, TV channels, film production equipment, channel operators, publishers, and advertisers. Teamo Productions HQ Limited was incorporated in 2006 and is based in Delhi, India. **Website:** [https://www.giesl.in](https://www.giesl.in)26.4873.520026.48000.4256.66.270.5
3720413831/12/2021Finance & Investment50421.11.1-3.6-2.7-12.5-3743.417DAILY306.4348.05325.87294.99297346.27301299.89299.9930222FalseFalse16.46NAFalseFalseFalse113.6Financial Services100FalseFalseFalseFalseTrue11/05/2026True3.6False200.6127.224.722.6False742029.75672676.24634694.7679615.7717208.16False8.120.1220.4821.2523.12.73.53.33.3121250.314/05/2026-1False,False;False,False;False,False[False, False, False]['2025-07-17', 541.2, '2026-03-30', 261.9]322.4Dec 2025:12/02/2026,Sep 2025:05/11/2025,Jun 2025:23/07/2025CMS Info Systems Limited1.12.6Jun 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=697d2517-11d7-4abf-9b45-3d8b23d75be8.pdf,Sep 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ce442029-fda5-4468-8fec-a3eab7d9bd63.pdf,Dec 2025:https://www.bseindia.com/xml-data/corpfiling/AttachLive/197541f7-6c1c-43b2-b786-6c14e07b9632.pdf,Mar 2026:https://www.bseindia.com/xml-data/corpfiling/AttachLive/ab311f84-7d9c-4ff4-8fa1-3544def5ba4e.pdf4.15.15.311.1NSE['WEEKLY', '2026-05-18', '2026-05-11']4865808779.0657.473.3593.5897.5693.1990.9290.7937.7-194.83.494.465.695.945.675.575.5837.5-19.218.4322.66632.93618.22608.62627.41619.07581.49624.54599.432.42.213.7525.4722.5822.5825.1626.1827.4224.4925.412.8-2.7Mar 202613.217.650.0923.97
16.6
-3.232.5609.2415.9618.72CMS Info Systems Limited, together with its subsidiaries, operates as a cash management company in India. It operates in three segments: Cash Management Services, Managed Services, and Cards. The company offers cash management services comprising ATM cash management services, such as cash processing, cassette management, ATM replenishment, cash evacuation for banknote accepting/recycling, day-end reporting, and reconciliation; retail cash management services, including cash pickup and deposit logistics, Cash-X electronic transfer of funds, and retail cash vault solutions; and other related services, as well as cash-in-transit services for banks. It also provides managed services, such as banking automation services comprising ATM manufacturing and maintenance, currency recyclers, and self-service kiosks; brown label ATM deployment and managed services for banks; software solutions, including ATM multi-vendor software and automated ATM security software solutions; and AIoT-based remote monitoring services for ATMs. In addition, the company provides card personalization and trading in card services. It serves the supermarket, e-commerce, NBFC, restaurant, entertainment, hospital, organized retail, airline, banking, and insurance sectors. CMS Info Systems Limited was incorporated in 2008 and is based in Mumbai, India. **Website:** [https://www.cms.com](https://www.cms.com)039.8724.9735.17028.232.612.075111.287.962.06
3819466030/06/2010Finance & Investment410.5-3.1-2.65.1-28.5-38.144.824.5DAILY138.25170.59157.88134.57143.04162.04139.45140.87140.95140.570.1FalseFalse0.16NAFalseFalseFalse142.6Financial Services53FalseFalseFalseFalseFalseFalse2.8False200.10.10.20.2False5519.359044.728668.788605.456324.2False54.218.4518.091937.93.55.15.15.717.617.662.828/05/2026-0.3False,False;False,False;False,False[False, False, False]['2025-06-12', 250.5, '2026-03-30', 111.0]151.29Dec 2025:11/02/2026,Sep 2025:13/11/2025,Jun 2025:11/08/2025Lakshmi Finance & Industrial Corporation Limited-3.213.7Jun 2025:NA5.97.311.918.1NSE486580871.34-1.243.74-2.64-2.023.464.771.91208.1166.34.47-4.1312.47-8.8-6.7311.5315.96.37208.2166.411.9334.62.441.475.461.692.024.816.763.556620.822.8380.74-110.292.67-280.47-158.4289.1993.250.7173.3151Dec 20256.214.2806.06
34.6
000-2.47.736.87Lakshmi Finance & Industrial Corporation Limited, a non-banking finance company, invests in equity shares and mutual funds in India. The company was formerly known as The Andhra Bank Ltd. and changed its name to Lakshmi Finance & Industrial Corporation Limited in April 1980. Lakshmi Finance & Industrial Corporation Limited was incorporated in 1923 and is based in Hyderabad, India. **Website:** [https://www.lakshmifinance.org.in](https://www.lakshmifinance.org.in)4752.9700.034700.030.6934.9651.413.16
3916233031/03/2021Finance & Investment58-4.1-4.7-7.9-5.7-26.2-26.857.227.1DAILY2.813.523.32.862.933.442.942.912.912.890FalseFalse12.94NAFalseFalseFalse60Financial Services61.7FalseFalseFalseFalseFalseFalse7.9False53.990.10.10.1False90476.8137638.26180100.56121221.34113568.57False7113.2114.1615.24205.14.64.65.712.812.897.6NA0False,False;False,False;False,False[False, False, False]['2025-07-17', 6.6, '2026-03-30', 2.2]3.4Dec 2025:09/02/2026,Sep 2025:14/11/2025,Jun 2025:13/08/2025Suvidhaa Infoserve Limited-7.615.1Jun 2025:NA7.97.97.911.5NSE['WEEKLY', '2026-05-18', '2026-05-11']48658087-2.17-1.76-4.3-5.56-3.19-3.89-3.95-3.43-23.332-0.1-0.08-0.2-0.27-0.15-0.19-0.19-0.17-2533.3-0.79-0.780.811.021.71.283.424.222.09-20-37.5-48.19-245-156-453.92-215.88-85.94-40.64-41.23-137.32-57.1-185.1Dec 2025-36.22-32.080.04-261.5
-4.3
000NA-7.03NASuvidhaa Infoserve Limited provides marketplace technology services to small retail outlets in India. The company offers facility to make payments for a host of services, such as utility bill payment, renewal insurance premium, collection, telecom, mobile, DTH recharges, domestics remittance, merchant acquiring services, etc., as well as rail, air, and bus travel ticketing services. It serves customers through Suvidhaa Centres, a financial services hub; Suvidhaa Points; and sPAY, a POS based transaction acquiring platform. Suvidhaa Infoserve Limited was incorporated in 2007 and is based in Mumbai, India. **Website:** [https://www.suvidhaa.com](https://www.suvidhaa.com)38.3358.53.16038.333.1601.8855.64-5.0712.31
4016925701/04/2005Finance & Investment1106-3.6-2.917.44-17.4-45.548.262.4DAILY90.31112.7899.5777.2385.47105.3483.686.0886.3589.743.2TrueTrue3.44NAFalseFalseFalse63.3Financial Services28.1FalseFalseFalseFalseFalseFalse8.9False200.865.14.23.3False370061.25304773.92405612.11310257.8340708.32False4413.0213.3715.0833.35.15.55.6515.215.254.212/05/20260.1False,False;False,False;False,False[False, False, False]['2025-05-28', 174.4, '2026-03-30', 55.6]92.49Dec 2025:11/02/2026,Sep 2025:06/11/2025,Jun 2025:29/07/2025Master Trust Limited8.417.6Jun 2025:NA8.98.912.725.4NSE4865808736.0631.5231.427.1124.5535.1536.8934.6514.446.92.932.562.552.412.193.133.283.1414.533.810.2511.69180.61136.72126.86131.66121.98147.88153.72160.3532.148.120.735.4444.6546.7439.3543.3243.441.7438.6-20.6-18.2Mar 202617.3323.850.2841.01
8.8
0-0.0500.367.719.35Master Trust Limited provides financial services in India. It offers equity trading, depository, derivatives trading, wealth management, currency trading, insurance, commodity trading, research and advisory, algo trading systems, merchant banking, and NBFC related services. The company also offers broking and portfolio management services. Master Trust Limited was incorporated in 1985 and is based in New Delhi, India. **Website:** [https://www.mastertrust.co.in](https://www.mastertrust.co.in)71.9328.050.02071.930.020.051.36-485.67-2.06-0.84
41132529/12/2022Finance & Investment14107-1.71.2-17.4-19.2-21.8-22.141.14.2DAILY817.61025.311003.79906.05876.34999.07906.05867.07865.05838.98128.1FalseFalse13.31Nifty Capital Markets,Nifty 500,Nifty Smallcap 250,Nifty Midsmallcap 400FalseFalseFalse117.3Financial Services77.1FalseFalseTrue30/04/2026FalseTrue30/04/2026False2.7TrueNo Band0.65139111.897True1468344.91180354.31138219.41232674.551315320.44False37.825.4714.8113.26753.23.33.33.116.816.850.229/04/20260.8False,False;False,False;False,False[False, False, False]['2025-06-25', 1388.5, '2026-05-18', 785.0]1039.3Dec 2025:13/02/2026,Sep 2025:27/10/2025,Jun 2025:24/07/2025Kfin Technologies Limited-16.30.9Jun 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b3987be1-466b-4274-bc83-72ea48ce9fa0.pdf,Sep 2025:https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3f88f41f-0303-404b-9ed7-b2ec31aad872.pdf,Dec 2025:https://www.bseindia.com/xml-data/corpfiling/AttachLive/6b53feb8-8df4-4102-9d1a-5430c6398f21.pdf,Mar 2026:https://www.bseindia.com/xml-data/corpfiling/AttachLive/69e6bce0-432e-4e6e-92de-127a5a7915b7.pdf4.36.86.820.4NSE['DAILY', '2026-05-22', '2026-05-21']4865808781.1591.9993.3177.2685.0590.1889.3268.07-11.8-4.64.75.335.424.494.945.255.213.97-11.8-4.919.9219.33347.33370.87309.23274.06282.7290.02280.47237.56-6.322.922.0236.8740.8743.8741.4543.2545.0145.1141.95-9.8-14.8Mar 202622.930.480.0340.64
41
0.10.34-0.011.8543.4949.54KFin Technologies Limited operates as a corporate registrar and transfer agency in India, the United States, Canada, and internationally. The company offers Saas based end-to-end digital onboarding, transaction and order management, transfer agency, channel management, fund accounting, fund administration, compliance solutions, data analytics, regulatory reporting, mobility solutions, and other digital services to asset managers, as well as outsourcing services. It also provides investor solutions, which include registrar and transfer agency, fund administration and accounting, transaction origination and processing, channel management, payment processing, brokerage computation, digital onboarding solutions, communication management, reporting, compliance, compliance/regulatory reporting, recordkeeping, MIS/decision support, analytics, and other digital solutions for asset managers; and global business services, such as mortgage, legal, transfer, wealth management, and finance and accounting services. In addition, the company offers issuer solutions, including folio creation and maintenance, corporate actions processing, compliance/regulatory reporting, recordkeeping, MIS/decision support, e-Voting, e-AGM, e-Vault, Insider trading compliance, AML / PML screening, check, and other platform solutions, as well as KYC Solutions. The company was incorporated in 2017 and is headquartered in Hyderabad, India. **Website:** [https://www.kfintech.com](https://www.kfintech.com)22.8625.6626.2625.2222.8726.1624.888.4313956.1924.4310.72
4212232930/06/2015Finance & Investment2330.1-2.7-7.8-6.1-19.4-42.252.326.9DAILY8.6310.879.848.549.0310.838.888.868.868.770.1FalseFalse12.4NAFalseFalseFalse68.7Financial Services45.9FalseFalseFalseFalseFalseFalse3.3False200.510.20.50.5False134249.5273432.9352638.9225639.1152294.31False617.949.8810.8315.44.943.43.618.418.490.326/05/20262.1False,False;False,False;False,False[False, False, False]['2025-07-11', 18.1, '2026-03-30', 6.8]9.49Dec 2025:11/02/2026,Sep 2025:12/11/2025,Jun 2025:14/08/2025Alankit Limited-9.13Jun 2025:NA4.911.111.117NSE486580878.034.495.965.275.23.677.536.4778.854.40.280.160.190.160.190.120.270.247547.40.730.871.780.0990.78102.0172.7764.3561.9391.16-10.5-1.514.048.054.27-5.0112.239.118.4113.2611.3888.5-11.6Dec 20257.5611.290.074.97
11.1
0.13000.097.7121.34Alankit Limited provides e-governance products and services in India. It operates in two segments, E- Governance Services and E-Governance Trading. The company offers permanent account number (PAN) card applications; change in PAN particulars applications; and e-TDS/e-TCS/AIR/e-TBAF returns in electronic mode from corporate and non-corporate assesses, and digitizes paper returns filed with income tax department; enrolment, uploading of details, correction/ updating in Aadhaar card; and GST Suvidha Provider, an end to end goods and services tax (GST) compliance solution provider. It also provides manpower consultancy services; and Atal Pension Yojana that save small amounts during productive years and enables to draw pension at the old age. In addition, the company is involved in distribution of card printers and accessories; implementation and management of paper to follow process for the cheque truncation system; operates as business correspondents; and develops National Skills Registry, a fact sheet of permanent and accessible information about each registered person. Further, it provides Recordxpert.com, a web-based health and wellness portal for scanning and digitization of medical records; GST billing solutions, including GST Filing, GST Invoice Generation, and GST Accounting software; online GST registration; kiosk banking services; and National Insurance54.1545.260.580.0154.150.450.010.76209.223.920.61

Fundamental & Technical Parameters

Quarter
EPS
QoQ EPS
YoY EPS
Sales
QoQ Sales
YoY Sales
OPM
Mar 26
2.47281.6-17.1246720.020.8
5.78
Dec 25
-1.36-216.2-4.62056-1.023.3
-4.61
Sep 25
1.17277.4-24.5207611.66.4
3.23
Jun 25
0.31-89.6-43.61861-8.88.9
0.82
Market Cap
8021
% from 52W High
18.5
1 Month Returns(%)
7.4
3 Month Returns(%)
12.7

Company Info

Religare Enterprises Limited, through its subsidiaries, provides various financial services in India and internationally. It operates through Investment and Financing Activities; Broking Related Activities; E-Governance; and Insurance segments. The company provides small and medium enterprise financing; and housing finance products comprising home-purchase, home construction, and home improvement loans. It also offers broking services in equity, currency, and commodity; and depository participant services, as well as operates as a NSDL-appointed enrolment agency for Aadhaar Unique Identification Number, and a mutual fund distributor. In addition, the company provides health, critical illness, personal accident, top-up coverage, international travel, and maternity insurance products, as well as group health and personal accident insurance for corporates. Further, the company engages in the permanent account number issuance; tax deduction 67 corporate overview statutory reports financial statements and collection account number and e-TDS returns; acting as a business correspondent for banking services; bharat bill payment systems and recharges; ticketing for airlines, railways, buses, and tourism through online and offline platforms; digital signature certificate and token services; and operating as a central record keeping agency facilitation center. The company was incorporated in 1984 and is headquartered in New Delhi, India.

Website: https://www.religare.com

Corporate Announcements

Clarification - Financial Results

22/05/2026

The Exchange has sought clarification from Religare Enterprises Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: The response of the Company is awaited.

Analysts/Institutional Investor Meet/Con. Call Updates

18/05/2026

Religare Enterprises Limited has informed the Exchange about Transcript

Analysts/Institutional Investor Meet/Con. Call Updates

13/05/2026

Religare Enterprises Limited has informed the Exchange about Link of Recording

Copy of Newspaper Publication

13/05/2026

Religare Enterprises Limited has informed the Exchange about Copy of Newspaper Publication

Monitoring Agency Report

13/05/2026

Monitoring Agency Report for the quarter ended March 31, 2026

AI Summary : Mar 2026

Company Overview

Religare Enterprises Limited (REL) is a diversified financial services holding company with a significant presence across insurance and capital markets. The company operates through a group structure, holding strategic majority stakes in its key subsidiaries, which are distinct, growth-ready platforms in their respective sectors. The business is broadly categorized into two main verticals: Insurance and Financial Services.

The Insurance business is operated through its subsidiary, Care Health Insurance Limited (Care), where REL holds a 63.20% stake. Care is a prominent and rapidly growing Standalone Health Insurer (SAHI) in India, recognized as the second-largest in its category. It boasts a vast network and a strong focus on retail health, driven by a multi-channel distribution strategy and a commitment to digital innovation.

The Financial Services business encompasses three distinct subsidiaries. Religare Finvest Limited (RFL), a wholly-owned Non-Banking Financial Company (NBFC), has recently undergone a significant turnaround, emerging as a debt-free entity with a clean slate from past legacy issues. It is now positioned to focus on secured SME lending. Religare Broking Limited (RBL), another wholly-owned subsidiary, is a full-service retail broking platform with a legacy of over 30 years. It offers a comprehensive suite of financial services, including equity broking, depository services, and investment products, supported by a strong digital ecosystem and a nationwide presence. The third arm is Religare Housing Development Finance Corporation Limited (RHDFCL), an affordable housing finance company focusing on smaller towns and cities, catering primarily to the economically weaker and low-to-mid-income segments.

Recent strategic developments, including a change in control with the Burman Group becoming the promoter and a significant capital infusion, signal a renewed focus on governance and long-term growth. The company is also pursuing a demerger to separate its Insurance and Financial Services businesses, aiming to create two sharply focused entities to unlock greater value.

Official Website: https://www.religare.com

Financials

  • Consolidated Performance (FY26): Total income for the fiscal year grew to Rs. 8,494 Cr from Rs. 7,405 Cr in FY25. Profit Before Tax (PBT) stood at Rs. 87 Cr, a decline from Rs. 243 Cr in the previous year. Net Profit After Tax (PAT) was Rs. 73 Cr, compared to Rs. 183 Cr in FY25. The performance was primarily driven by the strong growth in the health insurance business.
  • Consolidated Performance (Q4 FY26): For the fourth quarter, the company reported total income of Rs. 2,473 Cr, up from Rs. 2,050 Cr in Q4 FY25. PBT for the quarter was Rs. 127 Cr, and PAT stood at Rs. 96 Cr.
  • Segment Revenue (FY26): The Insurance segment is the primary revenue driver, contributing Rs. 7,969 Cr. The Financial Services segment generated Rs. 538 Cr in revenue.
  • Segment Profitability (FY26): The Financial Services segment was the main profit contributor, reporting a PBT of Rs. 152 Cr. The Insurance segment reported a loss before tax of Rs. 47 Cr.
  • Care Health Insurance (FY26): The health insurance arm reported a Gross Written Premium (GWP) of Rs. 11,417 Cr (on 'n' basis), a 24% year-over-year growth. PBT on an 'n' basis grew robustly by 38% YoY to Rs. 539 Cr. The investment book expanded to Rs. 10,944 Cr, yielding 7.3%.
  • Religare Finvest Limited (FY26): The NBFC business demonstrated a significant turnaround, reporting a PAT of Rs. 138.8 Cr, a substantial increase from Rs. 24 Cr in FY25. Its Capital to Risk-Weighted Assets Ratio (CRAR) improved to a very strong 261.9%.
  • Religare Broking Limited (FY26): The broking business maintained stable performance with a total income of Rs. 373 Cr. It reported a PAT of Rs. 22 Cr for the year. The fourth quarter showed a strong rebound, with PBT growing 79% YoY to Rs. 12.9 Cr.
  • Religare Housing Development Finance (FY26): The housing finance arm reported a total income of Rs. 30 Cr. It remains well-capitalized with a CRAR of approximately 130%, though it recorded a loss before tax of Rs. 18.4 Cr as it undergoes a transition.

REL's consolidated financials are dominated by the high-growth insurance business, while the revitalized NBFC and a rebound in the broking arm are key contributors to profitability.

Business Uniqueness

  • Diversified Financial Conglomerate: REL operates a unique model combining a high-growth, market-leading health insurance business (Care) with distinct financial services platforms in broking (RBL), SME lending (RFL), and affordable housing finance (RHDFCL). This structure provides diversification across different financial sectors.
  • Revitalized NBFC Platform: Religare Finvest Limited (RFL) has been completely transformed. It is now a debt-free entity with all legacy corporate governance and fraud classification issues conclusively resolved. This clean slate, combined with a strong capital base (CRAR of 261.9%), provides a unique and credible platform to restart and scale MSME lending.
  • Strong Promoter Backing: The recent change in control, with the Burman Group becoming the promoter, brings strong commitment and financial backing. The promoters have reaffirmed this by contributing Rs. 750 crores in a preferential issue and increasing their stake to over 30%.
  • Integrated Digital Ecosystem: Both the insurance and broking businesses are heavily invested in technology. Care Health has a feature-rich mobile app with over 12 million installations, driving customer engagement. Religare Broking leverages its digital platforms (Dynami, Religare Online) for client acquisition and servicing.
  • Standalone Health Insurance Leadership: Care Health is India's second-largest Standalone Health Insurer (SAHI), with a significant 22% market share in its segment. Its focus purely on health insurance allows for specialized product development and deep domain expertise.

The combination of a market-leading health insurer, a completely restructured NBFC, and strong new promoter backing creates a distinct investment profile for Religare.

Industry Situation and Outlook

  • Health Insurance: The health insurance sector continues to exhibit strong growth. Care Health's GWP growth of 24% in FY26, outpacing the industry, indicates favorable market dynamics driven by rising healthcare costs and increased awareness. The company's market share gains reflect a positive outlook for specialized health insurers.
  • Broking Industry: The Indian broking industry is supported by multiple long-term mega-trends, including the financialization of household savings, expanding retail participation from Tier-II/III cities, and the digital democratization of investing. Despite India's demat account base growing to 151 million in FY24, penetration remains low at 8.1% compared to 15% in China and 65% in the USA, indicating a massive runway for future growth.
  • Lending & Housing Finance: The affordable housing finance industry is projected to grow at a CAGR of 17-19% between FY22 and FY28. This growth is fueled by India's low mortgage-to-GDP ratio of 11%, which is significantly lower than in other major economies. The massive opportunity lies in catering to the demand from smaller towns and cities, a segment where specialized housing finance companies have a dominant position.

REL's key businesses operate in sectors with strong structural tailwinds, particularly in the underpenetrated health insurance, retail broking, and affordable housing finance markets.

Growth

  • Care Health Insurance: This is the primary growth engine for REL. GWP grew by a robust 24% YoY to Rs. 11,417 Cr in FY26. The investment book, a key source of income, grew by 30% to Rs. 10,944 Cr. The company is also scaling its distribution network, with over 411,000 agents.
  • Religare Finvest Limited: The NBFC is poised for a new growth phase. Having resolved all legacy issues and becoming debt-free, it has the capital and regulatory clearance to restart lending operations. Its PAT grew from Rs. 24 Cr in FY25 to Rs. 138.8 Cr in FY26, driven by improved recoveries.
  • Religare Broking Limited: The broking arm showed strong recent momentum with a 79% YoY growth in PBT in Q4 FY26. Its funding book grew by 75% YoY, and the E-Governance business revenue grew 31% in the same quarter, indicating diversification of revenue streams.
  • Capital Infusion for Growth: REL has announced a capital raise of Rs. 1,500 Cr via a preferential issue, with a significant contribution from the promoters. This capital is intended to fuel growth across its businesses, including a planned infusion of Rs. 600 Cr into Care Health to strengthen its solvency and support expansion.

Growth is being driven by the market-leading performance of the insurance business, with the revitalized NBFC and a stabilizing broking business set to contribute significantly in the future.

Opportunities

  • Demerger and Value Unlocking: The proposed demerger of the Financial Services and Insurance businesses into two separate listed entities presents a significant opportunity. This will allow each business to have a sharper focus, pursue its own growth strategy, and attract investors with specific interests, potentially leading to better value discovery.
  • Relaunch of SME Lending: With its balance sheet cleaned up and a surplus liquidity of Rs. 591.5 Cr, RFL has a major opportunity to re-establish itself as a credible lender in the underserved MSME segment. Its debt-free status gives it a competitive advantage in raising fresh capital for growth.
  • Deepening Insurance Penetration: The health insurance market in India remains underpenetrated. Care Health can capitalize on this by expanding its product portfolio, leveraging its multi-channel distribution, and using its technology platform to reach more customers and improve service delivery.
  • Growth in Affordable Housing: RHDFCL operates in the high-growth affordable housing segment. With planned capital support from the parent company, it has the opportunity to secure new lending lines, leverage its balance sheet, and accelerate the growth of its loan book.

Strategic actions like the demerger and the operational readiness of the NBFC arm present clear, catalyst-driven opportunities for value creation.

Capacity Utilization & Capex

  • Capital Adequacy as Capacity: The lending businesses have significant capacity for growth, as indicated by their strong capitalization. RFL's CRAR stands at an exceptionally high 261.9%, and RHDFCL's CRAR is at a robust 130%. These figures are well above the regulatory requirements, providing ample headroom to expand their loan books.
  • Capital Expenditure for Growth: REL has announced a major capital raise of Rs. 1,500 Cr through a preferential issue. This infusion serves as a growth capex for the group. A specific allocation of Rs. 600 Cr is planned for Care Health to augment its capital strength and support its expansion in the retail health segment.
  • Investment Leverage: Care Health's investment leverage stood at 4.07 as of March 2026. This metric indicates its capacity to generate investment income from the premium collected and provides a buffer for its operations.

The company is well-capitalized across its lending verticals and is actively raising further capital to fund future expansion and strengthen its market position.

Future Plans

  • Execute Demerger: The primary strategic plan is to complete the demerger of the financial services business (RFL, RBL, RHDFCL) from the insurance business (Care Health). This is aimed at creating two focused entities with independent growth trajectories.
  • Scale Up Lending Operations: RFL is operationally ready to ramp up its MSME lending business. Future plans involve upgrading its IT platforms and leveraging its strong capital base to build a high-quality loan book. RHDFCL plans to utilize a planned capital infusion to stimulate business growth and expand its franchise.
  • Enhance Broking Business: RBL plans to grow its non-broking revenue streams, particularly its Margin Trading Funding (MTF) book, to boost interest income. It will also invest in technology, including AI, to improve the client experience and upgrade its trading platforms.
  • Strengthen Insurance Leadership: Care Health will continue to focus on the retail health segment. The planned Rs. 600 Cr capital infusion will be used to strengthen its solvency position, enabling further growth and market share expansion. It also plans to continue enhancing its digital self-service capabilities through its mobile app.

REL's future is centered on the strategic demerger to unlock value, while simultaneously scaling its now-revitalized lending businesses and reinforcing the market leadership of its insurance arm.

Margins

  • Care Health Insurance (Underwriting Discipline): The key profitability metric, the Combined Ratio (Ind AS), improved by 100 basis points YoY to 101.4% in FY26. A ratio close to 100% indicates strong underwriting discipline, where claims and operating expenses are nearly covered by net earned premiums. The investment portfolio provides a stable yield of ~7.3%, contributing significantly to overall profitability.
  • Religare Finvest Limited (Profitability Turnaround): RFL's Pre-Provision Operating Profit (PPOP) turned positive, standing at Rs. 45.2 Cr in FY26 compared to a loss of Rs. 11.1 Cr in FY25. This demonstrates a strong recovery in core operational profitability before accounting for provisions and recoveries.
  • Religare Broking Limited (Recent Margin Expansion): While full-year PBT was lower, the broking business saw a significant margin expansion in the last quarter. PBT for Q4 FY26 was Rs. 12.9 Cr, a 79% increase from Rs. 7.2 Cr in Q4 FY25, on an 18% rise in income, indicating improved operational efficiency.
  • Religare Housing Development Finance (Under Pressure): The housing finance business is currently operating with negative margins, reporting a loss before tax of Rs. 18.4 Cr in FY26. This reflects its ongoing transition phase, focused on portfolio stability and technology upgrades rather than immediate profitability.

The group's margin profile is a mix, with the insurance business showing improved underwriting discipline, the NBFC achieving a core profitability turnaround, and the broking arm demonstrating recent margin expansion.

Competition Overview

  • Care Health Insurance: The company is a formidable player in its niche, positioned as India's 2nd largest Standalone Health Insurer (SAHI). It holds a substantial 22% market share within the SAHI segment. Its premium growth has consistently outpaced the broader health insurance industry, indicating a strong competitive position.
  • Religare Broking Limited: RBL is a leading retail-focused broking platform with a legacy of over 30 years. It competes in a crowded market but differentiates itself with a comprehensive suite of financial services, a multi-channel presence across 400+ cities, and a strong digital ecosystem.
  • Religare Housing Development Finance: RHDFCL operates in the competitive but high-growth affordable housing finance market. Its focus on the informal self-employed segment in smaller towns and its granular, secured loan book are key competitive aspects.
  • Religare Finvest Limited: Having emerged from its legacy issues, RFL will compete in the SME lending space. Its debt-free status and strong capitalization could provide a competitive advantage in securing low-cost funds and scaling operations responsibly.

REL's subsidiaries hold strong competitive positions in their respective markets, particularly Care Health, which is a clear market leader in the standalone health insurance space.

Risks

  • Regulatory Changes: As a diversified financial services company, REL and its subsidiaries are subject to regulations from multiple authorities (RBI, SEBI, IRDAI). Material changes in regulations governing capital adequacy, lending practices, or insurance products could adversely affect business operations.
  • Asset Quality: The lending businesses (RFL and RHDFCL) face the inherent risk of non-performing assets (NPAs). While current NNPA levels are low for RFL (0.8%) and controlled for RHDFCL (2.5%), a downturn in the economy could lead to increased defaults and impact profitability.
  • Underwriting and Claims Risk: The health insurance business is exposed to underwriting risk, where actual claims could exceed projections, impacting profitability. The combined ratio, while improving, is still above 100%, indicating that underwriting results are not yet profitable on their own.
  • Market Volatility: The broking business is directly influenced by the volatility and performance of capital markets. A sustained market downturn could lead to lower trading volumes and reduced brokerage income.
  • Operational and Execution Risk: The company's future plans, including the demerger and the scaling of RFL's lending operations, involve significant execution risk. Delays or challenges in implementing these strategic initiatives could impact the expected benefits.

While the historical risks related to RFL's legacy issues have been resolved, the company remains exposed to regulatory, credit, and market risks inherent in the financial services industry.

Other Key Business Updates

  • Promoter Group Consolidation: The Burman Group was designated as the promoter of REL in February 2025. They have actively increased their stake to ~30.3% through open market purchases, signaling strong confidence and a long-term commitment to the company.
  • Leadership and Governance Strengthening: The Board has been reconstituted across REL and its subsidiaries. Several key senior management appointments have been made, including a new MD & CEO for Care Health and a CEO for Religare Finvest, to strengthen governance and drive the next phase of growth.
  • Successful Turnaround of RFL: A major milestone has been the complete resolution of legacy issues at RFL. The RBI lifted its operational restrictions in July 2025, and all banks have removed the fraud classification, allowing the company to operate with a clean slate.
  • Credit Rating Upgrade for Care Health: Reflecting its improved financial strength and market position, Care Health's credit rating was upgraded to ‘IND AA-’ with a Stable Outlook from ‘IND A+’.

The company has undergone a significant strategic and operational overhaul, marked by a new committed promoter group, strengthened leadership, and the complete resolution of major legacy issues.

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