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532915 (Religare) Stock Analysis
Buy, Hold or Sell?

Let's analyze Religare together

I guess you are interested in Religare Enterprises Limited. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • πŸ“Š Fundamental Analysis (FA) – Religare’s Financial Insights
  • πŸ“ˆ Technical Analysis (TA) – Religare’s Price Targets

I'm going to help you getting a better view of Religare Enterprises Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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1. Quick Overview

1.1. Quick analysis of Religare (30 sec.)










1.2. What can you expect buying and holding a share of Religare? (30 sec.)

How much money do you get?

How much money do you get?
INR0.00
When do you have the money?
1 year
How often do you get paid?
40.0%

What is your share worth?

Current worth
INR63.60
Expected worth in 1 year
INR441.22
How sure are you?
40.0%

+ What do you gain per year?

Total Gains per Share
INR377.62
Return On Investment
142.7%

For what price can you sell your share?

Current Price per Share
INR264.65
Expected price per share
INR249.75 - INR319.90
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of Religare (5 min.)




Live pricePrice per Share (EOD)
INR264.65
Intrinsic Value Per Share
INR-952.28 - INR-71.44
Total Value Per Share
INR-888.68 - INR-7.84

2.2. Growth of Religare (5 min.)




Is Religare growing?

Current yearPrevious yearGrowGrow %
How rich?$240.7m-$114.9m$355.6m147.7%

How much money is Religare making?

Current yearPrevious yearGrowGrow %
Making money$360.5m-$180.6m$541.1m150.1%
Net Profit Margin65.9%-47.9%--

How much money comes from the company's main activities?

2.3. Financial Health of Religare (5 min.)




2.4. Comparing to competitors in the Investment Brokerage - National industry (5 min.)




  Industry Rankings (Investment Brokerage - National)  

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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of Religare?

Welcome investor! Religare's management wants to use your money to grow the business. In return you get a share of Religare.

First you should know what it really means to hold a share of Religare. And how you can make/lose money.

Speculation

The Price per Share of Religare is INR264.65. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Religare.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Religare, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR63.60. Based on the TTM, the Book Value Change Per Share is INR94.41 per quarter. Based on the YOY, the Book Value Change Per Share is INR-29.00 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Religare.

How much money are you going to get?

 MRQTTMYOY3Y5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps1.110.4%1.110.4%-0.57-0.2%0.110.0%-0.14-0.1%-0.120.0%
Usd Book Value Change Per Share1.100.4%1.100.4%-0.34-0.1%0.230.1%-0.020.0%0.070.0%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%0.020.0%
Usd Total Gains Per Share1.100.4%1.100.4%-0.34-0.1%0.230.1%-0.020.0%0.090.0%
Usd Price Per Share1.70-1.70-1.52-1.41-0.96-1.90-
Price to Earnings Ratio1.52-1.52--2.69--1.88--1.35--23.10-
Price-to-Total Gains Ratio1.54-1.54--4.49--6.09--3.94-5.26-
Price to Book Ratio2.28-2.28--4.22--16.73--8.88--3.52-
Price-to-Total Gains Ratio1.54-1.54--4.49--6.09--3.94-5.26-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share3.096405
Number of shares322
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share1.10-0.02
Usd Total Gains Per Share1.10-0.02
Gains per Quarter (322 shares)355.66-5.53
Gains per Year (322 shares)1,422.66-22.10
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10142314130-22-32
20284528360-44-54
30426842590-66-76
40569156820-88-98
50711371050-111-120
60853685280-133-142
70995999510-155-164
8011381113740-177-186
9012804127970-199-208
10014227142200-221-230

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%1.02.00.033.3%1.04.00.020.0%2.08.00.020.0%2.08.00.020.0%
Book Value Change Per Share1.00.00.0100.0%1.02.00.033.3%1.04.00.020.0%3.07.00.030.0%3.07.00.030.0%
Dividend per Share0.00.01.00.0%0.00.03.00.0%0.00.05.00.0%4.00.06.040.0%4.00.06.040.0%
Total Gains per Share1.00.00.0100.0%1.02.00.033.3%1.04.00.020.0%4.06.00.040.0%4.06.00.040.0%
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3.2. Key Performance Indicators

The key performance indicators of Religare Enterprises Limited compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-3Y+/-5 Year+/-10 Year+/-
Book Value Change Per Share--94.40694.4060%-28.995+131%19.898+374%-1.467+102%6.360+1384%
Book Value Per Share--63.59563.5950%-30.811+148%10.323+516%13.409+374%68.146-7%
Current Ratio----0%-0%-0%3.341-100%2.686-100%
Debt To Asset Ratio--0.7460.7460%1.105-33%0.952-22%0.951-22%0.903-17%
Debt To Equity Ratio--2.9332.9330%-+100%0.978+200%18.583-84%12.272-76%
Dividend Per Share----0%-0%-0%-0%1.627-100%
Enterprise Value---11378266327.000-11378266327.0000%-44798440303.500+294%-36919228330.167+224%-48355371275.540+325%-79862245879.010+602%
Eps--95.24395.2430%-48.426+151%9.072+950%-11.702+112%-10.483+111%
Ev To Sales Ratio---0.243-0.2430%-1.390+471%-1.276+424%-1.896+679%-2.772+1039%
Free Cash Flow Per Share--45.29545.2950%48.819-7%49.025-8%75.204-40%76.468-41%
Free Cash Flow To Equity Per Share---18.954-18.9540%66.354-129%29.232-165%20.619-192%0.497-3915%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---71.439----------
Intrinsic Value_10Y_min---952.275----------
Intrinsic Value_1Y_max--57.576----------
Intrinsic Value_1Y_min--12.736----------
Intrinsic Value_3Y_max--123.658----------
Intrinsic Value_3Y_min---55.188----------
Intrinsic Value_5Y_max--130.261----------
Intrinsic Value_5Y_min---225.012----------
Market Cap68524499132.800+32%46932299673.00046932299673.0000%41493031696.500+13%37049996336.500+27%24736391724.460+90%43718833893.590+7%
Net Profit Margin--0.6590.6590%-0.479+173%-0.008+101%-0.197+130%-0.146+122%
Operating Margin----0%-0%-0%-0%-0%
Operating Ratio--0.2410.2410%0.284-15%0.282-15%0.324-26%0.607-60%
Pb Ratio4.161+45%2.2812.2810%-4.224+285%-16.735+834%-8.884+490%-3.516+254%
Pe Ratio2.779+45%1.5231.5230%-2.688+276%-1.878+223%-1.351+189%-23.097+1617%
Price Per Share264.650+45%145.050145.0500%130.150+11%120.933+20%82.240+76%162.200-11%
Price To Free Cash Flow Ratio5.843+45%3.2023.2020%2.666+20%2.507+28%1.589+102%-0.066+102%
Price To Total Gains Ratio2.803+45%1.5361.5360%-4.489+392%-6.092+497%-3.941+357%5.259-71%
Quick Ratio----0%-0%-0%0.860-100%0.637-100%
Return On Assets--0.3810.3810%-0.165+143%0.053+625%-0.018+105%-0.017+105%
Return On Equity--1.4981.4980%-+100%0.499+200%-1.856+224%-0.990+166%
Total Gains Per Share--94.40694.4060%-28.995+131%19.898+374%-1.467+102%7.987+1082%
Usd Book Value--240749156.700240749156.7000%-114925402.800+148%40104881.700+500%45920059.380+424%209092688.780+15%
Usd Book Value Change Per Share--1.1051.1050%-0.339+131%0.233+374%-0.017+102%0.074+1384%
Usd Book Value Per Share--0.7440.7440%-0.360+148%0.121+516%0.157+374%0.797-7%
Usd Dividend Per Share----0%-0%-0%-0%0.019-100%
Usd Enterprise Value---133125716.026-133125716.0260%-524141751.551+294%-431954971.463+224%-565757843.924+325%-934388276.784+602%
Usd Eps--1.1141.1140%-0.567+151%0.106+950%-0.137+112%-0.123+111%
Usd Free Cash Flow--171470730.600171470730.6000%182097840.600-6%171438887.100+0%241576072.920-29%238531393.099-28%
Usd Free Cash Flow Per Share--0.5300.5300%0.571-7%0.574-8%0.880-40%0.895-41%
Usd Free Cash Flow To Equity Per Share---0.222-0.2220%0.776-129%0.342-165%0.241-192%0.006-3915%
Usd Market Cap801736639.854+32%549107906.174549107906.1740%485468470.849+13%433484957.137+27%289415783.176+90%511510356.555+7%
Usd Price Per Share3.096+45%1.6971.6970%1.523+11%1.415+20%0.962+76%1.898-11%
Usd Profit--360557285.400360557285.4000%-180632403.900+150%40144969.800+798%-27852500.520+108%-27760821.428+108%
Usd Revenue--547145445.600547145445.6000%377163774.000+45%405087068.100+35%351681443.100+56%369133549.703+48%
Usd Total Gains Per Share--1.1051.1050%-0.339+131%0.233+374%-0.017+102%0.093+1082%
 EOD+4 -4MRQTTM+0 -0YOY+23 -103Y+24 -95Y+24 -1110Y+21 -16

3.3 Fundamental Score

Let's check the fundamental score of Religare Enterprises Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-152.779
Price to Book Ratio (EOD)Between0-14.161
Net Profit Margin (MRQ)Greater than00.659
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.000
Current Ratio (MRQ)Greater than10.000
Debt to Asset Ratio (MRQ)Less than10.746
Debt to Equity Ratio (MRQ)Less than12.933
Return on Equity (MRQ)Greater than0.151.498
Return on Assets (MRQ)Greater than0.050.381
Total5/10 (50.0%)

3.4 Technical Score

Let's check the technical score of Religare Enterprises Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5074.374
Ma 20Greater thanMa 50230.173
Ma 50Greater thanMa 100227.484
Ma 100Greater thanMa 200228.846
OpenGreater thanClose269.100
Total3/5 (60.0%)

4. In-depth Analysis

4.1 About Religare Enterprises Limited

Religare Enterprises Limited operates as a core investment company in India and internationally. The company offers broking services in equities, commodities, and currencies; depository participant services; and TIN and PAN facilities, as well as operates as an NSDL-appointed enrolment agency for Aadhaar unique identification number and an AMFI-registered mutual fund distributor. It also provides finance for small and medium enterprises and housings, as well as health insurance products and services. In addition, the company operates an online investment portal; and provides e-governance and financial advisory services. Religare Enterprises Limited was incorporated in 1984 and is based in Noida, India.

Fundamental data was last updated by Penke on 2025-06-24 22:17:05.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is very efficient in making profit.
Using its investors money, the company is very efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is cheap.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profitΒ Religare earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compareΒ Religare to theΒ Investment Brokerage - National industry mean.
  • A Net Profit Margin of 65.9%Β means thatΒ ₹0.66 for each ₹1Β in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Religare Enterprises Limited:

  • The MRQ is 65.9%. The company is making a huge profit. +2
  • The TTM is 65.9%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ65.9%TTM65.9%0.0%
TTM65.9%YOY-47.9%+113.8%
TTM65.9%5Y-19.7%+85.6%
5Y-19.7%10Y-14.6%-5.1%
Compared to industry (Investment Brokerage - National)
PeriodCompanyIndustry (mean)+/- 
MRQ65.9%20.6%+45.3%
TTM65.9%18.3%+47.6%
YOY-47.9%14.3%-62.2%
3Y-0.8%16.6%-17.4%
5Y-19.7%15.3%-35.0%
10Y-14.6%12.3%-26.9%
4.3.1.2. Return on Assets

Shows howΒ efficientΒ Religare is using its assets to generate profit.

  • Above 5% is considered healthyΒ but always compareΒ Religare to theΒ Investment Brokerage - National industry mean.
  • 38.1% Return on Assets means thatΒ Religare generatedΒ ₹0.38 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Religare Enterprises Limited:

  • The MRQ is 38.1%. Using its assets, the company is very efficient in making profit. +2
  • The TTM is 38.1%. Using its assets, the company is very efficient in making profit. +2
Trends
Current periodCompared to+/- 
MRQ38.1%TTM38.1%0.0%
TTM38.1%YOY-16.5%+54.6%
TTM38.1%5Y-1.8%+39.9%
5Y-1.8%10Y-1.7%-0.1%
Compared to industry (Investment Brokerage - National)
PeriodCompanyIndustry (mean)+/- 
MRQ38.1%0.4%+37.7%
TTM38.1%0.3%+37.8%
YOY-16.5%0.2%-16.7%
3Y5.3%0.2%+5.1%
5Y-1.8%0.2%-2.0%
10Y-1.7%0.2%-1.9%
4.3.1.3. Return on Equity

Shows how efficient Religare is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compareΒ Religare to theΒ Investment Brokerage - National industry mean.
  • 149.8% Return on Equity means Religare generated ₹1.50Β for eachΒ ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Religare Enterprises Limited:

  • The MRQ is 149.8%. Using its investors money, the company is very efficient in making profit. +2
  • The TTM is 149.8%. Using its investors money, the company is very efficient in making profit. +2
Trends
Current periodCompared to+/- 
MRQ149.8%TTM149.8%0.0%
TTM149.8%YOY-+149.8%
TTM149.8%5Y-185.6%+335.3%
5Y-185.6%10Y-99.0%-86.5%
Compared to industry (Investment Brokerage - National)
PeriodCompanyIndustry (mean)+/- 
MRQ149.8%5.1%+144.7%
TTM149.8%4.2%+145.6%
YOY-3.0%-3.0%
3Y49.9%3.6%+46.3%
5Y-185.6%3.3%-188.9%
10Y-99.0%3.0%-102.0%
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4.3.2. Operating Efficiency of Religare Enterprises Limited.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

MeasuresΒ how efficient Religare is operatingΒ .

  • Measures how much profit Religare makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compareΒ Religare to theΒ Investment Brokerage - National industry mean.
  • An Operating Margin of 0.0%Β means the company generated ₹0.00 Β for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Religare Enterprises Limited:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y-0.0%
5Y-10Y-0.0%
4.3.2.2. Operating Ratio

Measures how efficient Religare is keepingΒ operating costsΒ low.

  • Below 1 is considered healthy (always compare toΒ Investment Brokerage - National industry mean).
  • An Operation Ratio of 0.24 means that the operating costs are ₹0.24 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Religare Enterprises Limited:

  • The MRQ is 0.241. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.241. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.241TTM0.2410.000
TTM0.241YOY0.284-0.043
TTM0.2415Y0.324-0.083
5Y0.32410Y0.607-0.282
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4.4.3. Liquidity of Religare Enterprises Limited.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if Religare is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare toΒ Investment Brokerage - National industry mean).
  • A Current Ratio of 0.00Β means the company has ₹0.00 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Religare Enterprises Limited:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y3.341-3.341
5Y3.34110Y2.686+0.655
4.4.3.2. Quick Ratio

Measures if Religare is able to pay off Short-term Debt but only usingΒ theΒ most liquid assets.

  • Above 1 is considered healthy butΒ always compareΒ Religare to theΒ Investment Brokerage - National industry mean.
  • A Quick Ratio of 0.00Β means the company can pay off ₹0.00 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Religare Enterprises Limited:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y0.860-0.860
5Y0.86010Y0.637+0.223
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4.5.4. Solvency of Religare Enterprises Limited.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much %Β of ReligareΒ assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compareΒ Religare to Investment Brokerage - National industry mean.
  • A Debt to Asset Ratio of 0.75Β means that Religare assets areΒ financed with 74.6% credit (debt) and the remaining percentage (100% - 74.6%)Β is financed by its owners/shareholders.Β 

Let's take a look of the Debt to Asset Ratio trends of Religare Enterprises Limited:

  • The MRQ is 0.746. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.746. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.746TTM0.7460.000
TTM0.746YOY1.105-0.359
TTM0.7465Y0.951-0.206
5Y0.95110Y0.903+0.049
Compared to industry (Investment Brokerage - National)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7460.932-0.186
TTM0.7460.934-0.188
YOY1.1050.936+0.169
3Y0.9520.933+0.019
5Y0.9510.934+0.017
10Y0.9030.930-0.027
4.5.4.2. Debt to Equity Ratio

Measures ifΒ Religare is able toΒ pay off its debts by usingΒ shareholders equity.

  • Below 2 is considered healthy butΒ always compareΒ Religare to theΒ Investment Brokerage - National industry mean.
  • A Debt to Equity ratio of 293.3% means that company has ₹2.93 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Religare Enterprises Limited:

  • The MRQ is 2.933. The company is unable to pay all its debts with equity. -1
  • The TTM is 2.933. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ2.933TTM2.9330.000
TTM2.933YOY-+2.933
TTM2.9335Y18.583-15.650
5Y18.58310Y12.272+6.311
Compared to industry (Investment Brokerage - National)
PeriodCompanyIndustry (mean)+/- 
MRQ2.93313.672-10.739
TTM2.93314.174-11.241
YOY-14.595-14.595
3Y0.97813.992-13.014
5Y18.58313.623+4.960
10Y12.27213.615-1.343
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

MeasuresΒ how much money you payΒ for each share forΒ every ₹1 in earnings Religare generates.

  • Above 15 is considered overpriced butΒ always compareΒ Religare to theΒ Investment Brokerage - National industry mean.
  • A PE ratio of 1.52 means the investor is paying ₹1.52Β for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Religare Enterprises Limited:

  • The EOD is 2.779. Based on the earnings, the company is cheap. +2
  • The MRQ is 1.523. Based on the earnings, the company is cheap. +2
  • The TTM is 1.523. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD2.779MRQ1.523+1.256
MRQ1.523TTM1.5230.000
TTM1.523YOY-2.688+4.211
TTM1.5235Y-1.351+2.874
5Y-1.35110Y-23.097+21.746
Compared to industry (Investment Brokerage - National)
PeriodCompanyIndustry (mean)+/- 
EOD2.7794.702-1.923
MRQ1.5234.666-3.143
TTM1.5235.982-4.459
YOY-2.6888.621-11.309
3Y-1.8787.425-9.303
5Y-1.3517.554-8.905
10Y-23.09724.713-47.810
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Religare Enterprises Limited:

  • The EOD is 5.843. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 3.202. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 3.202. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD5.843MRQ3.202+2.640
MRQ3.202TTM3.2020.000
TTM3.202YOY2.666+0.536
TTM3.2025Y1.589+1.614
5Y1.58910Y-0.066+1.655
Compared to industry (Investment Brokerage - National)
PeriodCompanyIndustry (mean)+/- 
EOD5.8430.870+4.973
MRQ3.2020.863+2.339
TTM3.2021.742+1.460
YOY2.666-2.181+4.847
3Y2.5070.453+2.054
5Y1.5890.208+1.381
10Y-0.0660.104-0.170
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price ofΒ Religare is to cheap or to expensiveΒ compared to its book value.

  • At or below 1 is considered healthyΒ (always compare to Investment Brokerage - National industry mean).
  • A PB ratio of 2.28 means the investor is paying ₹2.28Β for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Religare Enterprises Limited:

  • The EOD is 4.161. Based on the equity, the company is fair priced.
  • The MRQ is 2.281. Based on the equity, the company is underpriced. +1
  • The TTM is 2.281. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD4.161MRQ2.281+1.881
MRQ2.281TTM2.2810.000
TTM2.281YOY-4.224+6.505
TTM2.2815Y-8.884+11.165
5Y-8.88410Y-3.516-5.368
Compared to industry (Investment Brokerage - National)
PeriodCompanyIndustry (mean)+/- 
EOD4.1610.967+3.194
MRQ2.2810.960+1.321
TTM2.2810.953+1.328
YOY-4.2240.903-5.127
3Y-16.7350.907-17.642
5Y-8.8840.828-9.712
10Y-3.5161.093-4.609
4.6.2. Total Gains per Share
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6. Financial Statements




6.1. Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2019-03-312020-03-312021-03-312022-03-312023-03-31
Income before Tax  -15,035,3224,734,165-10,301,1575,326,546-4,974,611-5,335,917-10,310,52842,896,85732,586,329
Net Income  -12,871,6653,546,970-9,324,6954,240,082-5,084,613-10,354,054-15,438,66746,255,52930,816,862
Operating Income  -15,914,9575,207,677-10,707,2805,469,704-5,237,576-6,353,096-11,590,67243,980,81632,390,144
Net Income Applicable to Common Shares  -12,871,6653,546,970-9,324,6954,240,082-5,084,613-10,354,054-15,438,66746,255,52930,816,862



6.2. Latest Balance Sheet

Balance Sheet of 2023-03-31. Currency in INR. All numbers in thousands.

Summary
Total Assets80,938,939
Total Liabilities60,362,088
Total Stockholder Equity20,576,851
 As reported
Total Liabilities 60,362,088
Total Stockholder Equity+ 20,576,851
Total Assets = 80,938,939

Assets

Total Assets80,938,939
Total Current Assets0
Long-term Assets0
Total Current Assets
Cash And Cash Equivalents 1,984,157
Net Receivables 1,754,482
Total Current Assets  (as reported)0
Total Current Assets  (calculated)3,738,639
+/- 3,738,639
Long-term Assets
Property Plant Equipment 1,512,211
Goodwill 97,204
Intangible Assets 404,904
Long-term Assets  (as reported)0
Long-term Assets  (calculated)2,014,319
+/- 2,014,319

Liabilities & Shareholders' Equity

Total Current Liabilities0
Long-term Liabilities0
Total Stockholder Equity20,576,851
Total Current Liabilities
Total Current Liabilities  (as reported)0
Total Current Liabilities  (calculated)0
+/-0
Long-term Liabilities
Long term Debt Total 7,294,722
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)7,294,722
+/- 7,294,722
Total Stockholder Equity
Common Stock3,235,595
Retained Earnings -28,858,079
Capital Surplus 46,346,237
Other Stockholders Equity -170,187
Total Stockholder Equity (as reported)20,576,851
Total Stockholder Equity (calculated)20,553,566
+/- 23,285
Other
Cash And Equivalents67,365
Cash and Short Term Investments 2,051,522
Common Stock Shares Outstanding 323,559
Liabilities and Stockholders Equity 80,938,939



6.3. Balance Sheets Structured

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-31
> Total Assets 
211,252,012
254,390,256
274,293,112
201,799,223
138,624,185
95,780,210
81,301,786
87,255,715
93,635,478
80,938,939
80,938,93993,635,47887,255,71581,301,78695,780,210138,624,185201,799,223274,293,112254,390,256211,252,012
   > Total Current Assets 
77,672,167
80,839,327
85,708,076
82,161,943
127,874,273
84,164,855
49,366,693
0
0
0
00049,366,69384,164,855127,874,27382,161,94385,708,07680,839,32777,672,167
       Cash And Cash Equivalents 
17,490,025
73,500
17,173,572
8,198,699
386,200
215,000
14,545,381
10,410,789
17,160,173
1,984,157
1,984,15717,160,17310,410,78914,545,381215,000386,2008,198,69917,173,57273,50017,490,025
       Net Receivables 
57,225,836
5,885,811
4,638,386
6,313,161
3,075,197
3,463,013
938,006
1,922,779
1,845,445
1,754,482
1,754,4821,845,4451,922,779938,0063,463,0133,075,1976,313,1614,638,3865,885,81157,225,836
       Inventory 
839
626,729
577,497
7,148
405
967
4,654
4,994
5,445
3,318
3,3185,4454,9944,6549674057,148577,497626,729839
       Other Current Assets 
2,407,324
2,174,012
2,070,451
3,345,647
11,947,294
10,355,357
2,826,742
0
0
0
0002,826,74210,355,35711,947,2943,345,6472,070,4512,174,0122,407,324
   > Long-term Assets 0000000000
       Property Plant Equipment 
1,012,708
894,492
942,480
338,631
264,027
292,467
1,252,275
698,958
765,391
1,512,211
1,512,211765,391698,9581,252,275292,467264,027338,631942,480894,4921,012,708
       Goodwill 
18,447,738
20,007,115
16,501,069
97,204
97,204
97,204
97,204
97,204
97,204
97,204
97,20497,20497,20497,20497,20497,20497,20416,501,06920,007,11518,447,738
       Long Term Investments 
33,444,813
43,626,202
26,996,840
19,830,257
18,651,950
14,598,694
0
0
0
0
000014,598,69418,651,95019,830,25726,996,84043,626,20233,444,813
       Intangible Assets 
466,300
419,985
446,645
542,039
547,426
576,725
532,570
494,256
428,877
404,904
404,904428,877494,256532,570576,725547,426542,039446,645419,985466,300
> Total Liabilities 
177,119,406
215,302,124
235,664,493
172,926,157
120,258,866
87,449,715
80,291,627
87,726,579
103,458,162
60,362,088
60,362,088103,458,16287,726,57980,291,62787,449,715120,258,866172,926,157235,664,493215,302,124177,119,406
   > Total Current Liabilities 
88,106,594
102,007,857
103,035,912
80,911,662
19,286,274
14,166,496
4,586,085
0
0
0
0004,586,08514,166,49619,286,27480,911,662103,035,912102,007,85788,106,594
       Short-term Debt 
141,212,819
43,203,332
40,138,622
4,016,907
1,044,192
0
0
0
0
0
000001,044,1924,016,90740,138,62243,203,332141,212,819
       Short Long Term Debt 
141,212,819
164,891,270
204,185,225
149,650,197
0
0
0
0
0
0
000000149,650,197204,185,225164,891,270141,212,819
       Accounts payable 
4,358,699
4,576,698
4,709,616
6,405,120
2,380,754
2,632,271
2,922,192
0
0
0
0002,922,1922,632,2712,380,7546,405,1204,709,6164,576,6984,358,699
       Other Current Liabilities 
4,096,128
15,635,579
7,560,552
9,986,020
1,406,534
1,405,394
1,663,893
0
0
0
0001,663,8931,405,3941,406,5349,986,0207,560,55215,635,5794,096,128
   > Long-term Liabilities 0000000000
       Long term Debt Total 
0
86,883,245
118,583,106
145,773,479
98,389,788
67,208,122
53,563,125
48,897,597
48,358,294
7,294,722
7,294,72248,358,29448,897,59753,563,12567,208,12298,389,788145,773,479118,583,10686,883,2450
> Total Stockholder Equity
31,316,241
39,088,132
38,628,620
28,873,066
18,365,319
8,330,495
1,010,159
-470,864
-9,822,684
20,576,851
20,576,851-9,822,684-470,8641,010,1598,330,49518,365,31928,873,06638,628,62039,088,13231,316,241
   Common Stock
1,496,083
1,783,298
1,783,345
1,783,345
1,784,552
2,169,427
2,581,282
2,594,139
3,188,093
3,235,595
3,235,5953,188,0932,594,1392,581,2822,169,4271,784,5521,783,3451,783,3451,783,2981,496,083
   Retained Earnings Total Equity0000000000
   Accumulated Other Comprehensive Income 0000000000
   Capital Surplus 
0
44,006,124
43,297,920
35,189,074
35,187,866
36,815,887
38,728,198
40,432,215
46,299,112
46,346,237
46,346,23746,299,11240,432,21538,728,19836,815,88735,187,86635,189,07443,297,92044,006,1240
   Treasury Stock0000000000
   Other Stockholders Equity 
2,804,944
1,847,754
2,462,722
262,967
227,078
262,303
-1,571,123
568,842
326,217
-170,187
-170,187326,217568,842-1,571,123262,303227,078262,9672,462,7221,847,7542,804,944



6.4. Balance Sheets

Currency in INR. All numbers in thousands.




6.5. Cash Flows

Currency in INR. All numbers in thousands.




6.6. Income Statements

Currency in INR. All numbers in thousands.


6.7. Latest Income Statement

Income Statement (annual), 2023-03-31. Currency in INR. All numbers in thousands.

Gross Profit (+$)
totalRevenue46,764,568
Cost of Revenue-11,278,122
Gross Profit35,486,44635,486,446
 
Operating Income (+$)
Gross Profit35,486,446
Operating Expense-0
Operating Income32,390,14435,486,446
 
Operating Expense (+$)
Research Development0
Selling General Administrative35,998,371
Selling And Marketing Expenses0
Operating Expense035,998,371
 
Net Interest Income (+$)
Interest Income50,747
Interest Expense-0
Other Finance Cost-50,747
Net Interest Income0
 
Pretax Income (+$)
Operating Income32,390,144
Net Interest Income0
Other Non-Operating Income Expenses0
Income Before Tax (EBT)32,586,32932,390,144
EBIT - interestExpense = 0
30,816,862
30,816,862
Interest Expense0
Earnings Before Interest and Taxes (EBIT)032,586,329
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax32,586,329
Tax Provision-900,156
Net Income From Continuing Ops031,686,173
Net Income30,816,862
Net Income Applicable To Common Shares30,816,862
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net00
 

Technical Analysis of Religare
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Religare. The general trend of Religare is BULLISH with 28.6% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Religare's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (28.6%) Bearish trend (-28.6%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Religare Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

SupportΒ is a price level at which demand for an asset is strong enough to prevent the price from falling further.
ResistanceΒ is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Religare Enterprises Limited.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 299.50 < 319.90.

The bearish price targets are: 267.60 > 258.25 > 249.75.

Know someone who trades $532915? Share this with them.πŸ‘‡

Religare Enterprises Limited Daily Support & Resistance Chart
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2. Trend Indicators

2.1 Moving Averages

Shows theΒ moving averageΒ of the selected period.

  • Moving averages are laggingΒ trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Religare Enterprises Limited. The current mas is .

The long score for the Moving Averages is 9/14.
The longshort score for the Moving Averages is 4/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Religare Enterprises Limited Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows theΒ momentumΒ of theΒ selected period based on two moving averages.

  • MACD is aΒ lagging momentumΒ indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Religare Enterprises Limited. The current macd is 6.57930287.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Religare price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Religare. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Religare price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Religare Enterprises Limited Daily Moving Average Convergence/Divergence (MACD) ChartReligare Enterprises Limited Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Religare Enterprises Limited. The current adx is 29.12.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Religare shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
Religare Enterprises Limited Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • ShowsΒ the current trend.
  • ShowsΒ potential entry signals.
  • ShowsΒ Β potential exit signals.
  • Can be used to placeΒ trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Religare Enterprises Limited. The current sar is 216.54.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Religare Enterprises Limited Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentumΒ indicator, meaning the signals are instant.
  • RangesΒ between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Religare Enterprises Limited. The current rsi is 74.37. The current phase is Overbought in bull market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

  • Overbought in bull market: Short-term excessive buying, potential for pullback. Consider taking profits, be cautious of potential correction. -1
  • Trending down: The RSI is trending down. -1
Religare Enterprises Limited Daily Relative Strength Index (RSI) ChartReligare Enterprises Limited Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

ComparesΒ a certain price to multiple prices ranging over time.

  • LeadingΒ momentumΒ indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • RangesΒ between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Religare Enterprises Limited. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Religare price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Religare Enterprises Limited Daily Stochastic Oscillator ChartReligare Enterprises Limited Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero,Β the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Religare Enterprises Limited. The current cci is 253.53.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Religare Enterprises Limited Daily Commodity Channel Index (CCI) ChartReligare Enterprises Limited Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Religare Enterprises Limited. The current cmo is 56.99.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Religare Enterprises Limited Daily Chande Momentum Oscillator (CMO) ChartReligare Enterprises Limited Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

Β Shows the current price relative to the highest high over the last 14 days.
Β 

  • Lagging momentum indicator
  • Ranging between 0 andΒ -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Religare Enterprises Limited. The current willr is -17.48844376.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Religare Enterprises Limited Daily Williams %R ChartReligare Enterprises Limited Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversoldΒ 

Score

Let's take a look at the Bollinger Bands of Religare Enterprises Limited.

Religare Enterprises Limited Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Religare Enterprises Limited. The current atr is 10.07.

Religare Enterprises Limited Daily Average True Range (ATR) ChartReligare Enterprises Limited Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

Β Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Religare Enterprises Limited. The current obv is 32,089,272.

Religare Enterprises Limited Daily On-Balance Volume (OBV) ChartReligare Enterprises Limited Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Religare Enterprises Limited. The current mfi is 93.69.

The long score for the Money Flow Index (MFI) is 2/2.
The longshort score for the Money Flow Index (MFI) is 2/(-2 +2).

  • MFI > 50: +1
  • MFI > 80: +1
Religare Enterprises Limited Daily Money Flow Index (MFI) ChartReligare Enterprises Limited Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Religare Enterprises Limited.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2025-02-17STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-02-18MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-02-20BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2025-02-21MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-02-24ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-02-25STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-02-27WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-02-28DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-03-03DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-04CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-03-06STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-07CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-03-11STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-03-13STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-17CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-03-19STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-03-20CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-03-21STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-24CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-03-25CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-03-26MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2025-03-27STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-01DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-04-02DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-03STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-04-04DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2025-04-07STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-09STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-15STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-21MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-04-22CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-04-23STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-28MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-29MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2025-04-30MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-05-02BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2025-05-05STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-06WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-05-08STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-05-09STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-12MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-05-13CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-05-14SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2025-05-16CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-05-20WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-05-21DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-05-23ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-05-26STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-03SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-06-04CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-06-05STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-10STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-13STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-17MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-06-18WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-06-19SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-06-24STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-27STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-07-01STOCH SHORT EXITThe %K line crosses above the %D line.
2025-07-03STOCH LONG EXITThe %K line crosses below the %D line.
2025-07-07CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-07-08DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-07-09MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2025-07-10ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-07-11ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-07-14STOCH LONG EXITThe %K line crosses below the %D line.

6.3. Candlestick Patterns

Religare Enterprises Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Religare Enterprises Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5074.374
Ma 20Greater thanMa 50230.173
Ma 50Greater thanMa 100227.484
Ma 100Greater thanMa 200228.846
OpenGreater thanClose269.100
Total3/5 (60.0%)
Penke
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