Religare Enterprises saw a notable uptick of nearly 1 percent in its shares on November 6 following the announcement of its Q2 profits, which stood at Rs 40.4 crore.
By 1:11 pm, the Religare Enterprise stock was trading 0.13 percent higher at ₹230.80 on the NSE, reflecting the market’s positive response to the company’s financial performance.
Religare Enterprises, a prominent financial services company, showcased a significant financial turnaround in the quarter ending September FY24.
The company reported a consolidated profit of Rs 40.4 crore, marking a remarkable improvement from the Rs 176.7 crore loss incurred in the same quarter a year ago, despite facing a substantial decline in other income.
