Religare Enterprises

*Religare Enterprises*

C&H Pattern: Yearly /Weekly Basis
MultiYear Trendline/C&H: Price BreakOut
Vol. Consolidation/Further BuiltUp

*With Upside, Trail SL*
*Book Profit as per Risk Appetite*

*Snapshot*
Estab. in 1984, Diversified Fin. Services Co., Providing loans to SMEs, Affordable Housing Finance, Health Insurance and Retail Broking.
Has ~11 lakh clients from ~1,275 locations in ~400 cities (India).
Simplified Group structure through mergers

Revenue Up/Net Loss on Qtrly/Yearly Basis.
CF for Ops. Increasingly +ve
FII Stake Up Since Jun’22 / DII Up since Dec’21

*Concern:*
Eroded TNW, High Leverage.
Loss Making. *Highly Risky*

*Do Your Own Research as Well. This is Just an Opinion.*
Happy Investing :)