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Religare Enterprises Limited
Buy, Hold or Sell?

Let's analyse Religare together

PenkeI 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.

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.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Religare (30 sec.)










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
INR81.20
Expected worth in 1 year
INR470.57
How sure are you?
50.0%

+ What do you gain per year?

Total Gains per Share
INR389.37
Return On Investment
186.1%

For what price can you sell your share?

Current Price per Share
INR209.25
Expected price per share
INR191.00 - INR224.45
How sure are you?
50%

1. Valuation of Religare (5 min.)




Live pricePrice per Share (EOD)

INR209.25

Intrinsic Value Per Share

INR-620.65 - INR340.15

Total Value Per Share

INR-539.45 - INR421.36

2. Growth of Religare (5 min.)




Is Religare growing?

Current yearPrevious yearGrowGrow %
How rich?$321.2m-$63.8m$385.1m119.9%

How much money is Religare making?

Current yearPrevious yearGrowGrow %
Making money$369.8m-$185.2m$555m150.1%
Net Profit Margin82.7%-67.7%--

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

3. Financial Health of Religare (5 min.)




What can you expect buying and holding a share of Religare? (5 min.)

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

What can you expect buying and holding 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 INR209.25. 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 INR81.20. Based on the TTM, the Book Value Change Per Share is INR97.34 per quarter. Based on the YOY, the Book Value Change Per Share is INR-25.17 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?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps1.120.5%1.120.5%-0.56-0.3%-0.090.0%-0.090.0%
Usd Book Value Change Per Share1.170.6%1.170.6%-0.30-0.1%0.050.0%-0.030.0%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.020.0%
Usd Total Gains Per Share1.170.6%1.170.6%-0.30-0.1%0.050.0%-0.010.0%
Usd Price Per Share1.74-1.74-1.56-0.99-1.95-
Price to Earnings Ratio1.55-1.55--2.78--1.67--29.35-
Price-to-Total Gains Ratio1.49-1.49--5.17-4.49-24.58-
Price to Book Ratio1.79-1.79--8.07-1.51-1.87-
Price-to-Total Gains Ratio1.49-1.49--5.17-4.49-24.58-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share2.511
Number of shares398
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share1.170.05
Usd Total Gains Per Share1.170.05
Gains per Quarter (398 shares)464.9018.88
Gains per Year (398 shares)1,859.6175.50
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
101860185007666
20371937100151142
30557955700227218
40743874300302294
50929892900378370
6011158111500453446
7013017130100529522
8014877148700604598
9016737167300680674
10018596185900755750

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%6.012.00.033.3%
Book Value Change Per Share1.00.00.0100.0%2.01.00.066.7%2.03.00.040.0%4.06.00.040.0%11.07.00.061.1%
Dividend per Share0.00.01.00.0%0.00.03.00.0%0.00.05.00.0%4.00.06.040.0%12.00.06.066.7%
Total Gains per Share1.00.00.0100.0%2.01.00.066.7%2.03.00.040.0%5.05.00.050.0%12.06.00.066.7%

Fundamentals of Religare

About Religare Enterprises Limited

Religare Enterprises Limited operates as an investment company in India. The company provides broking services in equities, currencies, and commodities; depository participant services; tax information network (TIN) and income tax permanent account number (PAN) facilities; and tax deduction and collection account number (TAN) and tax deduction at source (TDS)/tax collection at source (TCS) filing services, as well as operates as a National Securities Depository Limited (NSDL)-appointed enrolment agency for Aadhaar unique identification number and an AMFI-registered mutual fund distributor. It also offers finance for small and medium enterprises; and housing finance services, including home-purchase, home construction, and home improvement loans. In addition, the company provides e-governance and financial inclusion services; issues digital signature certificates and USB tokens; and citizen e-services, other ancillary, and allied services. Further, it offers health insurance services to employees of corporates, and individual customers. Additionally, the company provides critical illness, personal accident, top-up coverage, international travel, and maternity insurance products, as well as group health and personal accident insurance for corporates. Religare Enterprises Limited was incorporated in 1984 and is headquartered in New Delhi, India.

Fundamental data was last updated by Penke on 2024-03-12 15:41:04.

Financial Health

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 operating very efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
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.

Valuation

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.

1.1. Profitability of Religare Enterprises Limited.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Religare to the Insurance - Life industry mean.
  • A Net Profit Margin of 82.7% means that ₹0.83 for each ₹1 in revenue is generated as profit.

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

  • The MRQ is 82.7%. The company is making a huge profit. +2
  • The TTM is 82.7%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ82.7%TTM82.7%0.0%
TTM82.7%YOY-67.7%+150.5%
TTM82.7%5Y-37.3%+120.1%
5Y-37.3%10Y-28.8%-8.5%
1.1.2. Return on Assets

Shows how efficient Religare is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Religare to the Insurance - Life industry mean.
  • 38.1% Return on Assets means that Religare generated ₹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%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Religare to the Insurance - Life industry mean.
  • 149.8% Return on Equity means Religare generated ₹1.50 for each ₹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-100.4%-85.1%

1.2. Operating Efficiency of Religare Enterprises Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Religare is operating .

  • 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 compare Religare to the Insurance - Life industry mean.
  • An Operating Margin of 85.1% means the company generated ₹0.85  for each ₹1 in revenue (before taxes).

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

  • The MRQ is 85.1%. The company is operating very efficient. +2
  • The TTM is 85.1%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ85.1%TTM85.1%0.0%
TTM85.1%YOY-13.1%+98.2%
TTM85.1%5Y9.0%+76.2%
5Y9.0%10Y32.1%-23.1%
1.2.2. Operating Ratio

Measures how efficient Religare is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Insurance - Life industry mean).
  • An Operation Ratio of 1.18 means that the operating costs are ₹1.18 for each ₹1 in net sales.

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

  • The MRQ is 1.183. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.183. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.183TTM1.1830.000
TTM1.183YOY1.397-0.214
TTM1.1835Y1.500-0.318
5Y1.50010Y1.552-0.052

1.3. Liquidity of Religare Enterprises Limited.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Insurance - Life industry mean).
  • A Current Ratio of 3.10 means the company has ₹3.10 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 3.097. The company is very able to pay all its short-term debts. +2
  • The TTM is 3.097. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ3.097TTM3.0970.000
TTM3.097YOY1.961+1.136
TTM3.0975Y3.197-0.100
5Y3.19710Y2.721+0.476
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Religare to the Insurance - Life industry mean.
  • A Quick Ratio of 4.96 means the company can pay off ₹4.96 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 4.955. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 4.955. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ4.955TTM4.9550.000
TTM4.955YOY2.327+2.629
TTM4.9555Y3.790+1.165
5Y3.79010Y2.019+1.771

1.4. Solvency of Religare Enterprises Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Religare assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Religare to Insurance - Life industry mean.
  • A Debt to Asset Ratio of 0.67 means that Religare assets are financed with 66.9% credit (debt) and the remaining percentage (100% - 66.9%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.669. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.669. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.669TTM0.6690.000
TTM0.669YOY1.057-0.388
TTM0.6695Y0.912-0.242
5Y0.91210Y0.880+0.031
1.4.2. Debt to Equity Ratio

Measures if Religare is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Religare to the Insurance - Life industry mean.
  • A Debt to Equity ratio of 263.2% means that company has ₹2.63 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 2.632. The company is unable to pay all its debts with equity. -1
  • The TTM is 2.632. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ2.632TTM2.6320.000
TTM2.632YOY-+2.632
TTM2.6325Y18.285-15.653
5Y18.28510Y12.317+5.968

2. Market Valuation of Religare Enterprises Limited

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ₹1 in earnings Religare generates.

  • Above 15 is considered overpriced but always compare Religare to the Insurance - Life industry mean.
  • A PE ratio of 1.55 means the investor is paying ₹1.55 for every ₹1 in earnings.

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

  • The EOD is 2.239. Based on the earnings, the company is cheap. +2
  • The MRQ is 1.551. Based on the earnings, the company is cheap. +2
  • The TTM is 1.551. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD2.239MRQ1.551+0.687
MRQ1.551TTM1.5510.000
TTM1.551YOY-2.781+4.332
TTM1.5515Y-1.666+3.217
5Y-1.66610Y-29.350+27.684
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 4.708. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 3.262. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 3.262. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD4.708MRQ3.262+1.445
MRQ3.262TTM3.2620.000
TTM3.262YOY2.758+0.504
TTM3.2625Y1.731+1.531
5Y1.73110Y-0.250+1.981
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Religare is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Insurance - Life industry mean).
  • A PB ratio of 1.79 means the investor is paying ₹1.79 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 2.577. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.786. Based on the equity, the company is underpriced. +1
  • The TTM is 1.786. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD2.577MRQ1.786+0.791
MRQ1.786TTM1.7860.000
TTM1.786YOY-8.068+9.854
TTM1.7865Y1.512+0.274
5Y1.51210Y1.873-0.361
2. Total Gains per Share

3. Summary

3.1. 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+/-5 Year+/-10 Year+/-
Book Value Change Per Share--97.34297.3420%-25.171+126%3.952+2363%-2.158+102%
Book Value Per Share--81.20481.2040%-16.138+120%22.381+263%62.335+30%
Current Ratio--3.0973.0970%1.961+58%3.197-3%2.721+14%
Debt To Asset Ratio--0.6690.6690%1.057-37%0.912-27%0.880-24%
Debt To Equity Ratio--2.6322.6320%-+100%18.285-86%12.317-79%
Dividend Per Share----0%-0%-0%1.278-100%
Eps--93.46393.4630%-46.823+150%-7.220+108%-7.247+108%
Free Cash Flow Per Share--44.44944.4490%47.203-6%62.621-29%62.153-28%
Free Cash Flow To Equity Per Share---18.600-18.6000%64.158-129%17.871-204%1.786-1141%
Gross Profit Margin--1.0001.0000%1.200-17%1.131-12%1.537-35%
Intrinsic Value_10Y_max--340.154--------
Intrinsic Value_10Y_min---620.651--------
Intrinsic Value_1Y_max--56.596--------
Intrinsic Value_1Y_min--17.736--------
Intrinsic Value_3Y_max--152.894--------
Intrinsic Value_3Y_min---15.625--------
Intrinsic Value_5Y_max--228.509--------
Intrinsic Value_5Y_min---124.255--------
Market Cap68994117576.000+31%47809543840.00047809543840.0000%42929673158.400+11%27112957172.160+76%53495582347.040-11%
Net Profit Margin--0.8270.8270%-0.677+182%-0.373+145%-0.288+135%
Operating Margin--0.8510.8510%-0.131+115%0.090+851%0.321+165%
Operating Ratio--1.1831.1830%1.397-15%1.500-21%1.552-24%
Pb Ratio2.577+31%1.7861.7860%-8.068+552%1.512+18%1.873-5%
Pe Ratio2.239+31%1.5511.5510%-2.781+279%-1.666+207%-29.350+1992%
Price Per Share209.250+31%145.000145.0000%130.200+11%82.230+76%162.245-11%
Price To Free Cash Flow Ratio4.708+31%3.2623.2620%2.758+18%1.731+88%-0.250+108%
Price To Total Gains Ratio2.150+31%1.4901.4900%-5.173+447%4.491-67%24.579-94%
Quick Ratio--4.9554.9550%2.327+113%3.790+31%2.019+145%
Return On Assets--0.3810.3810%-0.165+143%-0.018+105%-0.017+105%
Return On Equity--1.4981.4980%-+100%-1.856+224%-1.004+167%
Total Gains Per Share--97.34297.3420%-25.171+126%3.952+2363%-0.880+101%
Usd Book Value--321294192.000321294192.0000%-63852612.000+120%88552872.000+263%246638926.415+30%
Usd Book Value Change Per Share--1.1681.1680%-0.302+126%0.047+2363%-0.026+102%
Usd Book Value Per Share--0.9740.9740%-0.194+120%0.269+263%0.748+30%
Usd Dividend Per Share----0%-0%-0%0.015-100%
Usd Eps--1.1221.1220%-0.562+150%-0.087+108%-0.087+108%
Usd Free Cash Flow--175867416.000175867416.0000%186767016.000-6%247770331.200-29%245917435.325-28%
Usd Free Cash Flow Per Share--0.5330.5330%0.566-6%0.751-29%0.746-28%
Usd Free Cash Flow To Equity Per Share---0.223-0.2230%0.770-129%0.214-204%0.021-1141%
Usd Market Cap827929410.912+31%573714526.080573714526.0800%515156077.901+11%325355486.066+76%641946988.164-11%
Usd Price Per Share2.511+31%1.7401.7400%1.562+11%0.987+76%1.947-11%
Usd Profit--369802344.000369802344.0000%-185264004.000+150%-28566667.200+108%-30242518.762+108%
Usd Revenue--447044856.000447044856.0000%273537816.000+63%246200328.000+82%243550549.771+84%
Usd Total Gains Per Share--1.1681.1680%-0.302+126%0.047+2363%-0.011+101%
 EOD+4 -4MRQTTM+0 -0YOY+23 -115Y+22 -1210Y+22 -14

3.2. 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)Between0-152.239
Price to Book Ratio (EOD)Between0-12.577
Net Profit Margin (MRQ)Greater than00.827
Operating Margin (MRQ)Greater than00.851
Quick Ratio (MRQ)Greater than14.955
Current Ratio (MRQ)Greater than13.097
Debt to Asset Ratio (MRQ)Less than10.669
Debt to Equity Ratio (MRQ)Less than12.632
Return on Equity (MRQ)Greater than0.151.498
Return on Assets (MRQ)Greater than0.050.381
Total8/10 (80.0%)

3.3. 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 than5034.141
Ma 20Greater thanMa 50220.823
Ma 50Greater thanMa 100226.600
Ma 100Greater thanMa 200222.697
OpenGreater thanClose212.200
Total3/5 (60.0%)



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
Total Other Income Expense Net -10,592,0201,089,024-9,502,9962,610,264-6,892,732-433,402-7,326,1348,195,445869,311
Net Income from Continuing Operations  -15,009,5064,629,750-10,379,7565,601,581-4,778,175-10,606,969-15,385,14447,071,31731,686,173
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



Latest Balance Sheet

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

Summary
Total Assets80,938,939
Total Liabilities54,164,423
Total Stockholder Equity20,576,851
 As reported
Total Liabilities 54,164,423
Total Stockholder Equity+ 20,576,851
Total Assets = 80,938,939

Assets

Total Assets80,938,939
Total Current Assets9,870,392
Long-term Assets57,206,922
Total Current Assets
Cash And Cash Equivalents 8,115,910
Short-term Investments 5,922,267
Net Receivables 1,754,482
Inventory 3,318
Total Current Assets  (as reported)9,870,392
Total Current Assets  (calculated)15,795,977
+/- 5,925,585
Long-term Assets
Property Plant Equipment 1,512,211
Goodwill 97,204
Long Term Investments 55,192,603
Intangible Assets 404,904
Long-term Assets Other -634,864
Long-term Assets  (as reported)57,206,922
Long-term Assets  (calculated)56,572,058
+/- 634,864

Liabilities & Shareholders' Equity

Total Current Liabilities3,186,951
Long-term Liabilities8,409,531
Total Stockholder Equity20,576,851
Total Current Liabilities
Short-term Debt 5,461,879
Accounts payable 3,186,951
Other Current Liabilities -9,127,185
Total Current Liabilities  (as reported)3,186,951
Total Current Liabilities  (calculated)-478,355
+/- 3,665,306
Long-term Liabilities
Long term Debt Total 7,294,722
Long-term Liabilities  (as reported)8,409,531
Long-term Liabilities  (calculated)7,294,722
+/- 1,114,809
Total Stockholder Equity
Common Stock3,235,595
Retained Earnings -42,596,801
Accumulated Other Comprehensive Income 13,175,708
Capital Surplus 46,346,237
Total Stockholder Equity (as reported)20,576,851
Total Stockholder Equity (calculated)20,160,739
+/- 416,112
Other
Capital Stock3,235,595
Cash And Equivalents67,365
Cash and Short Term Investments 8,115,910
Common Stock Shares Outstanding 325,519
Current Deferred Revenue3,665,306
Liabilities and Stockholders Equity 80,938,939
Net Debt 293,621
Net Invested Capital 27,871,573
Net Working Capital 6,683,441
Property Plant and Equipment Gross 1,512,211
Short Long Term Debt Total 8,409,531



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-312013-03-312012-03-312011-03-312010-03-312009-03-312008-03-312007-03-312006-03-31
> Total Assets 
4,565,430
12,629,020
36,469,896
38,337,249
165,227,649
149,311,667
203,435,180
202,948,668
211,252,012
254,390,256
274,293,112
210,377,587
158,761,455
95,780,210
81,301,786
87,255,715
93,528,068
80,938,939
80,938,93993,528,06887,255,71581,301,78695,780,210158,761,455210,377,587274,293,112254,390,256211,252,012202,948,668203,435,180149,311,667165,227,64938,337,24936,469,89612,629,0204,565,430
   > Total Current Assets 
4,268,600
11,012,810
31,844,527
27,817,969
140,747,563
123,580,393
172,104,390
160,489,607
161,395,743
189,442,428
229,406,044
189,398,829
139,200,816
18,162,871
16,975,126
19,215,496
36,777,310
9,870,392
9,870,39236,777,31019,215,49616,975,12618,162,871139,200,816189,398,829229,406,044189,442,428161,395,743160,489,607172,104,390123,580,393140,747,56327,817,96931,844,52711,012,8104,268,600
       Cash And Cash Equivalents 
239,710
2,428,220
16,330,928
12,572,492
18,924,739
33,937,006
27,314,500
15,244,650
13,233,480
11,930,608
13,509,450
16,491,452
5,659,103
13,810,820
15,147,432
16,199,969
25,259,757
8,115,910
8,115,91025,259,75716,199,96915,147,43213,810,8205,659,10316,491,45213,509,45011,930,60813,233,48015,244,65027,314,50033,937,00618,924,73912,572,49216,330,9282,428,220239,710
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,020,383
4,758,157
6,852,043
5,922,267
5,922,2676,852,0434,758,1572,020,38300000000000000
       Net Receivables 
0
0
4,814,322
3,835,179
7,861,439
15,106,027
9,512,569
10,402,118
10,960,313
12,475,198
10,790,481
7,043,788
3,831,967
4,352,051
1,827,694
3,015,527
11,517,553
1,754,482
1,754,48211,517,5533,015,5271,827,6944,352,0513,831,9677,043,78810,790,48112,475,19810,960,31310,402,1189,512,56915,106,0277,861,4393,835,1794,814,32200
       Other Current Assets 
4,028,890
8,584,590
10,699,277
11,410,298
113,961,385
74,537,360
135,277,321
134,842,839
137,201,951
165,036,623
205,106,113
165,863,588
129,709,746
62,052,251
-16,543,388
-18,214,601
-39,111,174
-16,854,070
-16,854,070-39,111,174-18,214,601-16,543,38862,052,251129,709,746165,863,588205,106,113165,036,623137,201,951134,842,839135,277,32174,537,360113,961,38511,410,29810,699,2778,584,5904,028,890
   > Long-term Assets 
296,830
1,616,210
4,625,369
10,519,280
24,480,086
25,731,274
31,330,790
42,459,061
49,856,269
64,947,828
44,887,068
20,978,758
19,560,639
15,565,088
22,238,339
33,313,263
39,719,741
57,206,922
57,206,92239,719,74133,313,26322,238,33915,565,08819,560,63920,978,75844,887,06864,947,82849,856,26942,459,06131,330,79025,731,27424,480,08610,519,2804,625,3691,616,210296,830
       Property Plant Equipment 
35,030
759,840
1,415,037
2,103,719
3,524,430
3,164,467
2,442,029
1,133,589
1,020,508
894,492
942,480
340,120
264,063
292,467
1,252,275
698,958
765,391
1,512,211
1,512,211765,391698,9581,252,275292,467264,063340,120942,480894,4921,020,5081,133,5892,442,0293,164,4673,524,4302,103,7191,415,037759,84035,030
       Goodwill 
0
0
1,728
5,535,545
4,948,412
12,292,999
14,148,544
16,758,543
18,447,738
20,007,115
16,501,069
267,508
97,204
97,204
97,204
97,204
97,204
97,204
97,20497,20497,20497,20497,20497,204267,50816,501,06920,007,11518,447,73816,758,54314,148,54412,292,9994,948,4125,535,5451,72800
       Long Term Investments 
0
0
0
0
0
0
0
0
33,444,813
43,626,202
26,996,840
19,830,290
18,651,950
14,598,694
20,356,270
33,383,494
47,859,198
55,192,603
55,192,60347,859,19833,383,49420,356,27014,598,69418,651,95019,830,29026,996,84043,626,20233,444,81300000000
       Intangible Assets 
0
0
69,823
250,259
411,765
485,447
399,097
374,388
458,500
419,985
446,645
540,839
547,422
576,723
532,590
494,256
428,877
404,904
404,904428,877494,256532,590576,723547,422540,839446,645419,985458,500374,388399,097485,447411,765250,25969,82300
       Long-term Assets Other 
261,800
856,370
0
0
0
0
0
0
0
0
0
0
0
-15,565,088
-5,276,768
-5,644,582
-612,667
-634,864
-634,864-612,667-5,644,582-5,276,768-15,565,08800000000000856,370261,800
> Total Liabilities 
3,909,400
9,424,530
30,644,425
12,726,369
138,972,875
115,372,627
164,436,048
169,059,879
177,119,406
213,106,524
233,810,444
177,900,164
138,502,476
85,257,823
79,358,824
84,277,499
98,849,119
54,164,423
54,164,42398,849,11984,277,49979,358,82485,257,823138,502,476177,900,164233,810,444213,106,524177,119,406169,059,879164,436,048115,372,627138,972,87512,726,36930,644,4259,424,5303,909,400
   > Total Current Liabilities 
74,170
2,518,910
0
0
0
0
0
0
88,106,594
102,007,857
103,035,912
80,911,662
46,847,263
2,787,566
6,271,206
11,289,085
18,750,441
3,186,951
3,186,95118,750,44111,289,0856,271,2062,787,56646,847,26380,911,662103,035,912102,007,85788,106,5940000002,518,91074,170
       Short-term Debt 
0
0
0
0
0
0
0
0
141,212,819
43,203,332
40,138,622
4,016,907
1,044,192
75,000
27,922,717
38,099,903
46,531,189
5,461,879
5,461,87946,531,18938,099,90327,922,71775,0001,044,1924,016,90740,138,62243,203,332141,212,81900000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
141,212,819
34,577,415
43,502,527
38,539,873
4,453,537
75,000
0
0
0
0
000075,0004,453,53738,539,87343,502,52734,577,415141,212,81900000000
       Accounts payable 
0
0
0
0
0
84,823
4,461,252
4,398,321
5,258,517
3,808,180
5,514,884
5,038,134
3,196,485
2,787,566
6,271,206
11,289,085
18,750,441
3,186,951
3,186,95118,750,44111,289,0856,271,2062,787,5663,196,4855,038,1345,514,8843,808,1805,258,5174,398,3214,461,25284,82300000
       Other Current Liabilities 
74,170
2,518,910
0
0
0
0
0
0
4,096,128
15,635,579
7,560,552
9,986,020
1,406,534
-2,787,566
-6,271,206
-39,833,325
-49,389,898
-9,127,185
-9,127,185-49,389,898-39,833,325-6,271,206-2,787,5661,406,5349,986,0207,560,55215,635,5794,096,1280000002,518,91074,170
   > Long-term Liabilities 
3,835,230
6,905,620
30,644,425
12,635,722
55,719,927
113,183,636
142,172,799
135,020,026
141,212,819
164,891,270
204,185,225
149,650,197
98,955,149
67,245,567
54,520,407
49,402,874
47,936,404
8,409,531
8,409,53147,936,40449,402,87454,520,40767,245,56798,955,149149,650,197204,185,225164,891,270141,212,819135,020,026142,172,799113,183,63655,719,92712,635,72230,644,4256,905,6203,835,230
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
86,883,245
118,583,106
145,773,479
98,389,788
67,165,501
53,563,125
48,897,597
48,358,294
7,294,722
7,294,72248,358,29448,897,59753,563,12567,165,50198,389,788145,773,479118,583,10686,883,245000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
22,788,440
24,215,422
12,191,426
7,822,664
10,368,751
11,933,840
15,492,423
20,021,586
16,596,990
22,593,648
22,593,64816,596,99020,021,58615,492,42311,933,84010,368,7517,822,66412,191,42624,215,42222,788,44000000000
> Total Stockholder Equity
634,450
3,204,490
5,825,471
25,583,219
26,125,508
31,622,723
36,940,899
31,753,672
31,877,241
39,088,132
38,628,620
27,533,890
16,846,441
8,330,495
1,010,159
-470,864
-9,822,684
20,576,851
20,576,851-9,822,684-470,8641,010,1598,330,49516,846,44127,533,89038,628,62039,088,13231,877,24131,753,67236,940,89931,622,72326,125,50825,583,2195,825,4713,204,490634,450
   Common Stock
500,000
643,970
760,839
1,012,898
1,528,138
1,394,345
1,493,026
1,494,013
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
3,235,5953,188,0932,594,1392,581,2822,169,4271,784,5521,783,3451,783,3451,783,2981,496,0831,494,0131,493,0261,394,3451,528,1381,012,898760,839643,970500,000
   Retained Earnings Total Equity000000000000000000
   Accumulated Other Comprehensive Income 
-3,970
-169,470
-401,949
-938,065
-1,411,032
-1,906,597
-1,693,224
-1,658,960
-1,683,200
-1,833,095
-1,714,209
-1,166,846
-1,063,816
-248,712
-691,360
9,855,646
7,857,364
13,175,708
13,175,7087,857,3649,855,646-691,360-248,712-1,063,816-1,166,846-1,714,209-1,833,095-1,683,200-1,658,960-1,693,224-1,906,597-1,411,032-938,065-401,949-169,470-3,970
   Capital Surplus 
0
0
0
0
0
0
0
0
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
46,346,23746,299,11240,432,21538,728,19836,815,88735,187,86635,189,07443,297,92044,006,124000000000
   Treasury Stock000000000000000000
   Other Stockholders Equity 
138,420
2,729,990
5,466,582
25,508,386
26,008,403
31,764,975
40,753,002
40,826,274
41,752,503
47,770,060
47,849,876
37,129,280
39,440,399
6,411,306
48,696,329
40,848,327
46,715,224
17,341,256
17,341,25646,715,22440,848,32748,696,3296,411,30639,440,39937,129,28047,849,87647,770,06041,752,50340,826,27440,753,00231,764,97526,008,40325,508,3865,466,5822,729,990138,420



Balance Sheet

Currency in INR. All numbers in thousands.




Cash Flow

Currency in INR. All numbers in thousands.




Income Statement

Currency in INR. All numbers in thousands.


Latest Income Statement (annual, 2023-03-31)

Gross Profit (+$)
totalRevenue37,253,738
Cost of Revenue-5,808,563
Gross Profit31,445,17531,445,175
 
Operating Income (+$)
Gross Profit31,445,175
Operating Expense-38,250,804
Operating Income31,717,018-6,805,629
 
Operating Expense (+$)
Research Development0
Selling General Administrative9,289,414
Selling And Marketing Expenses0
Operating Expense38,250,8049,289,414
 
Net Interest Income (+$)
Interest Income5,084,371
Interest Expense-6,280,667
Other Finance Cost-0
Net Interest Income-1,196,296
 
Pretax Income (+$)
Operating Income31,717,018
Net Interest Income-1,196,296
Other Non-Operating Income Expenses0
Income Before Tax (EBT)32,586,32930,847,707
EBIT - interestExpense = 25,436,351
31,717,018
37,097,529
Interest Expense6,280,667
Earnings Before Interest and Taxes (EBIT)31,717,01838,866,996
Earnings Before Interest and Taxes (EBITDA)32,278,473
 
After tax Income (+$)
Income Before Tax32,586,329
Tax Provision-900,156
Net Income From Continuing Ops31,686,17331,686,173
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 Expenses38,250,804
Total Other Income/Expenses Net869,3111,196,296
 

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 BEARISH 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. 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.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance 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: 209.50 < 210.25 < 224.45.

The bearish price targets are: 206.50 > 192.45 > 191.00.

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Religare Enterprises Limited Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging 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 5/14.
The longshort score for the Moving Averages is -4/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close < MA 200: The price is below 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 the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum 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 -4.69914525.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal 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
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Religare. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Religare price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower 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 25.39.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -4/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Religare shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bearish trend. The ADX is trending up, so the bearish 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.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Religare Enterprises Limited. The current sar is 220.75.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Religare Enterprises Limited Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges 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 34.14. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • 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

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges 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 Oversold in bear market.

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

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -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, 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 -92.90100328.

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 -38.58090342.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend 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

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

  • Lagging momentum indicator
  • Ranging between 0 and -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 -95.5026455.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
Religare Enterprises Limited Daily Williams %R ChartReligare Enterprises Limited Daily Williams %R Chart

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 oversold 

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 6.69065509.

Religare Enterprises Limited Daily Average True Range (ATR) ChartReligare Enterprises Limited Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 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 159,034,361.

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 14.55.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -2/(-2 +2).

  • MFI < 50: -1
  • MFI < 20: -1
Religare Enterprises Limited Daily Money Flow Index (MFI) ChartReligare Enterprises Limited Daily Money Flow Index (MFI) Chart

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
2023-11-08SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-09BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-11-10STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-11-13STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-15BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-16RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-20MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-28STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-29STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-30STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-04DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-12-05DMI 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.
2023-12-06CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-07WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-11WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-13STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-14DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-12-15CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-19STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-20DMI 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
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-21CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-26MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-27BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-12-28STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-01CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-02STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-04MACD 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.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-08DMI 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
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-09MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-10MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-11WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-12DMI 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.
2024-01-15STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-16CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-17DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-19DMI 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.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-20CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-23CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-24STOCH 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).
2024-01-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-31STOCH SHORT EXITThe %K line crosses above the %D line.
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
2024-02-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-08SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-12STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-16MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-19SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-20STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-21MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-23CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-26DMI 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
2024-02-27WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-28STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-29DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-05CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-06DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-15STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-20STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-22SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-03-26STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-28SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside

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 than5034.141
Ma 20Greater thanMa 50220.823
Ma 50Greater thanMa 100226.600
Ma 100Greater thanMa 200222.697
OpenGreater thanClose212.200
Total3/5 (60.0%)
Penke

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