The post shares details about Reliance home finance share in August 2024. It also provides an overview of the company’s current performance and market overview.

Highlights –

• Reliance Home Finance share price is 3.88 rupees on August 14.
• The company has reported losses for the quarter ending in June 2024.
• From the point of view of investment, the company’s condition has not been very stable.

Reliance Home Finance Share – An Overview

Reliance home finance share is listed at 3.88 rupees (on August 14). In 2024 (quarter ending in June), the company reported a standalone net loss of 0.44 crore.

Currently, the share of the company is valued at less than 4 rupees. In the previous year (quarter ending in June 2023), the net profit of the company was 6.43 crore.

The company has reported a net loss of 0.44 crore for the quarter ending in June this year. The sales have risen around 50 percent (0.18 crore – for the June 2024 quarter). In the quarter of June 2023, it was 0.12 crore.

The Past Details of Reliance Home Finance Limited

Reliance home finance has been under a lot of scrutiny in the past. At one point, it was headed for voluntary liquidation and all the regulatory authorities were having an eye over it.

The company has been managing the situation of profits and losses. So, for many investors, the business enterprise seems to be a risky proposal.

Some reports came out in May that NFRA penalized 3 auditors in the case of Reliance Home Finance. Even SEBI penalized this company for violating the regulations related to LODR.

There have been significant lapses on the part of this company and very often it has come under inspection by the regulatory authorities.

The company even concealed certain findings from forensic reports in the past. There has been negligence in auditing as well.

Reliance Home Finance Limited As A Company

Reliance Home Finance is a company that deals in the financial services category. The company provides affordable home loan solutions and high-value home loans.

It also deals in the mortgage category. The other services are financing for construction activities and loans against property.

The company not only provides housing loans to individuals but it also helps the business communities to expand in the field of property ventures.

Reliance Home Finance Limited is basically a subsidiary of RCAP (Reliance Capital Limited). Reliance Home Finance’s incorporation dates back to 2008.

Reliance Home Finance Share Conclusion           

If someone checks the online data of Reliance Home Finance then it seems to be an average runner in the stock market. The financial track has not been so impressive. On August 14, Reliance home finance share is priced at 3.88 rupees. Investors should do thorough research before channeling their money. For the quarter ending in 2024 June, the business reported losses of around 0.44 crore. For more such interesting and to-the-point stuff on finance make sure to access Financereview.Org.